Interstate Equities is a vertically integrated real estate investment and management firm in California. Our approach is analytical, requiring studied examination. We thoughtfully refine then systematically execute to deliver target returns. To us, integrity is essential.
Our niche is finding dated multifamily apartment properties and transforming them into affordable, updated, boutique-style assets. We are uniquely positioned in our markets, having neighborhood-level expertise that we’ve gained from 168 asset realizations since 1981.
Our operations are unified and entirely in-house, from investments and construction to leasing and property management. We are hands-on at every step.
Dr. James Boyd is first in-house PhD at Marcus & Millichap
Interstate Equities Corporation is founded by Dr. James and Deborah Boyd
First discretionary high net worth pools of capital
First institutional relationship. $50M joint venture partnership
IEC’s founder James Boyd passes away
Marshall Boyd and Julia Boyd Corso take over as Co-Presidents
IEC systematically sells its institutional portfolio
$100M separate account with an endowment
Creation of formal Investment Committee
IEC raises Fund III, a $200M commingled fund in a single close
IEC systematically sells 20 assets, including its separate account deals
IEC celebrates 100th asset realization
IEC raises Fund IV, a $300M commingled fund in a single close
IEC sells part of IEC Fund III ahead of schedule
IEC expands internal Investment Committee to six members
IEC acquires first asset in Seattle region
IEC sells largest deal in its history
IEC receives DEI Honor Roll Honor Award from Pension Fund Investor for the first time
IEC earns Great Place to Work Certification
IEC celebrates its 40 year anniversary
IEC raises Fund V, a $445M commingled fund exceeding hard cap in a single close
IEC earns Great Place to Work Certification
IEC re-enters market in Q3 with three acquisitions
IEC earns Great Place to Work Certification
Investment Committee’s average tenure at IEC reaches 11 years