We have a 35+ year history that has evolved from syndicating deals in the first 19 years of our existence, to investing high net worth discretionary capital, to then forming institutional separate account/joint ventures over the past 10 years, and most recently investing on behalf of commingled institutional discretionary funds.
The IEC team is a cohesive group that blends the legacy of its heritage with dynamic energy. Culturally we share the same values. We are entrepreneurial, creative, and nimble-we get things done with grit and perseverance. While at the same time, we have the acumen, established processes, and fiduciary integrity of an institutional owner.
Julia Boyd Corso
Co-President and COO
Julia is co-president and chief operating officer responsible for corporate operations, asset management and repositioning of all investments. She sets the strategic direction of the company and its investment activities as a member of its Investment Committee. Prior to joining IEC, Julia worked in management consulting for Accenture. Julia graduated summa cum laude from Emory University with a B.A. in Economics and holds an M.B.A. from the Stanford Graduate School of Business. She is a member of the Urban Land Institute and the Stanford Real Estate Council.
Co-President and CIO
Marshall is co-president and chief investment officer as well as a member of the company’s Investment Committee. Prior to joining IEC, Marshall worked on the investment team at TA Associates and in investment banking at Credit Suisse First Boston. Marshall graduated from Middlebury College with a B.A. in Economics and a minor in Spanish. He is vice chairman of the Urban Land Institute’s Multifamily Silver Council and a former board member of The Young Presidents’ Organization.
Vice President, Acquisitions
Brendan is vice president responsible for sourcing and underwriting acquisitions and dispositions as well as a member of the Investment Committee. Prior to IEC, he was an acquisitions associate at Partners Group, a global private equity firm in San Francisco. Previously he was a financial analyst at The JBG Companies where he acquired, disposed and recapitalized assets exceeding $980 million in total value. Brendan graduated from the University of Georgia with a B.B.A. in Management.
Director of Property Management
Kelly is director of property management and president of IEC Property Services Corporation, IEC’s in-house property management company. He is also a member of the Investment Committee. He is responsible for leading the day-to-day property-level operations of all portfolio assets. Kelly previously served as senior vice president of Operations at Lyon Living where he was responsible for the operation of 9,000 units across five states. Prior to that, Kelly served as senior director at The Irvine Company and senior portfolio director at Essex, a public REIT. Kelly graduated from the University of California at San Diego with a B.S. in Management Science and is a faculty instructor for the Institute of Real Estate Management (IREM). Kelly also earned his RPA designation in 2006 through BOMI and his CPM® designation in 2013 through IREM.
Director of Asset Management
David is a senior asset manager responsible for the asset performance and execution of property business plans. He is also a member of the Investment Committee. Prior to joining IEC, he worked as a financial analyst at Kimco Realty Corporation, a publicly traded REIT. David graduated from Cal Poly Pomona with a B.S. in Business Administration, and has passed all three levels of the CFA exams.
Director of Asset Management
Bakari is responsible for the oversight of repositioning and business plan execution of portfolio properties. He also serves as IEC’s Director of Environmental, Social and Governance (ESG) efforts and a member of the Investment Committee. Bakari formerly worked as director of Asset Management for Veritas overseeing a $1.3b portfolio of 2,254 units across 89 assets. Prior to that, he worked for MacFarlane Partners for 10 years as vice president of Investments. He was responsible for underwriting, business plan development and investment management of various mixed-use developments. Bakari holds a B.B.A. from Howard University and an M.B.A. from Columbia Business School.
Garrett is responsible for overseeing the Analyst Team, identifying and underwriting acquisition prospects across markets, facilitating their review by Investment Committee and closing efficiently. Prior to joining IEC, Garrett was an originations associate at Bank of the Ozarks in Los Angeles where he underwrote commercial real estate opportunities across the West Coast. Garrett formerly worked as a real estate private equity analyst at Ares Management where he assisted in evaluating and acquiring investments of different property types. Garrett earned his B.A. in Finance and Real Estate from University of Georgia where he was also the captain of the tennis team.
Human Resources Manager
Denise is responsible for human resources and office management. She manages the corporate office in Los Altos and provides support to the regional offices. She is also the payroll administrator for the company. Previously, Denise worked in human resources and office services management roles for technology firms in Silicon Valley. Denise graduated from California State University, Chico with a B.S. in Home Economics.
Director of Capital Projects
David is responsible for the execution of construction and renovation projects across IEC’s portfolio. He also helps to maintain compliance with local Building Departments, OSHA, and other regulatory agencies. Prior to joining IEC, David was a senior project manager for Prometheus Real Estate Group on a team that managed capex for 17,000 multifamily units. He also served with executive leadership for two respected general construction firms in California and was a licensed California General Contractor for 15 years.
Senior Transaction Manager
Miles is responsible for managing all real estate transactions. He oversees contracts, property diligence, loans and insurance. Prior to joining IEC, Miles worked for Manhattan Financial Bank as a loan officer. Miles graduated from the University of California at Santa Barbara with a B.A. in Law and Society, and has a real estate broker's license from Allied School of Real Estate. Miles is the broker of record for Interstate Equities Corporation and IEC Property Services Corporation.
Jason supports the acquisitions and capital formation team by performing financial analysis of prospective acquisitions, preparing investment memos, and analyzing market data for our portfolio. Prior to joining IEC, he completed internships at Green Street Advisors, a real estate research firm, Aragon Holdings, a real estate private equity firm, and Morgan Stanley. Jason holds a B.A. in Business Administration from University of Southern California.
Allison supports the acquisitions and capital formation team. She is responsible for performing financial analysis of prospective acquisitions, preparing investment memos, and analyzing market data. Allison completed internships for Macquarie Group in their Infrastructure and Real Assets division and at Trian Fund Management. Allison earned a B.A. in Business Economics from Brown University where she graduated magna cum laude.
Elaine is responsible for the accounting oversight and cash management of IEC’s two discretionary funds. Elaine previously worked as a controller at Steelwave, LLC (formerly Legacy Partners Commercial), an institutional real estate investment firm. There she managed financial accounting and reporting for three real estate fund portfolios with a total of 60 properties and $1b of equity including multifamily, office, and industrial. Prior to that, Elaine was a senior accountant at Elliott D Buchdruker, a CPA firm, conducting audit work for private and nonprofit clients. She holds a B.A. from the University of California at Berkeley, an M.B.A. from Golden Gate University, and CPA (inactive).
Leo is responsible for leading IEC’s accounting department. He oversees both the property and fund accounting teams and is responsible for the corporate financials. Leo comes to IEC having worked at The Related Companies for the past 18 years in such varied roles as vice president of Accounting and Administration (Santa Clara), vice president of Commercial Accounting (New York) and director of Financial Planning & Analysis (New York). He started his career with financial roles at OptiMight Communications and Wilson Sonsini Goodrich & Rosati. Leo holds a B.A. from University of California at Santa Barbara, an M.B.A. from Fordham University, and is a Certified Public Accountant in New York and California.