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 146 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.


Interstate Equities Corporation is founded by 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 Institutional Fund III, a $200M commingled fund


IEC systematically sells 20 assets, including its separate account deals


IEC celebrates 100th asset realization

IEC raises Institutional Fund IV, a $300M commingled fund


IEC sells part of IEC Fund III ahead of schedule

IEC expands internal Investment Committee to six members