Driven by process and experience

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