The number of renters in the U.S. is growing at a pace of more than 500,000 every twelve months, with no signs of abating. Texas real estate entrepreneur Marcus Hiles anticipated the increased demand for upscale rentals, which is why his Estates brand delivers premium properties to those in the Lone Star State. “Renters are eager to embrace luxury living at affordable prices,” points out Hiles, Chairman and CEO of Western Rim Property Services. “Our five Estates communities offer signature amenities designed to appeal to singles, couples, and families who have chosen the rental lifestyle.” Just north of Dallas in the suburb of Aubrey, The Estates 3Eighty highlights one- to four-bedroom apartment plans that feature vaulted ceilings, bay windows, chic granite countertops, and spacious rooms. The community’s residents can be found at the on-site Starbucks Wi-Fi café, the private off-leash dog park, or working on one of the state of the art computers in the business center. “Our intention was to create the best of both worlds,” Marcus Hiles explains, “an exclusive lakeside escape that’s a stone’s throw away from vibrant nightlife and a thriving arts community.”
Real estate market trends correlate with periods of population and economic growth at state and municipal levels. Marcus Hiles noted that upmarket rental demand expanded regionally in 2015, and according to recent statistics from the Department of Labor, Dallas expanded its labor force to over 3.75 million with one of the lowest unemployment rates in the United States — ending 2016 at 3.5%. Across the state, over 69,000 new apartments were constructed in 2016, largely focused in the four main metro areas.