Interstate Equities

About Interstate Equities

Interstate Equities is a real estate operator headquartered in Los Altos, CA. Interstate Equities operates in Los Angeles, California (LA), San Diego, California and San Francisco - Oakland Bay Area, California. Its investment focus is on Multifamily - Value-Add and Workforce Housing.

Interstate Equities Corporation (IEC), founded in 1981, is a vertically integrated real estate investment and management firm based in Los Altos, CA. Over more than 40 years, it has completed 168 multifamily property acquisitions and executed over $2.5 billion in transactions. IEC focuses exclusively on value‑add multifamily apartment assets in California and Washington. Its geographic coverage includes the San Francisco Bay Area, Santa Barbara, Greater Los Angeles, San Diego, and the Seattle region. The firm typically acquires properties sized between 40–400 units—average deal size roughly 120 units—with construction vintages spanning 1960–2020. IEC operates four institutional funds: Fund I ($40M, 2002–07), Fund II ($100M, 2010–16), Fund III ($200M, 2016), Fund IV ($300M, 2018), and Fund V ($445M, 2022). The company provides end‑to‑end services in‑house, covering investment, construction, leasing, and property management.

Principals at Interstate Equities