Interstate Equities

About Interstate Equities

Interstate Equities is a real estate operator. 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) is a Los Altos, California-based real estate investment and management firm founded in 1981 by Dr. James and Deborah Boyd. Operating with 45 years of industry experience, the vertically integrated firm relies on an in-house team handling investment sourcing, construction, leasing, and property management. The company focuses its portfolio exclusively on value-add multifamily apartment assets, targeting older or dated properties for physical renovation into updated, workforce and boutique-style residential communities. IEC typically acquires properties ranging from 40 to 400 units—with an average deal size of 120 units—and construction vintages spanning 1960 to 2020. Its investment strategy is executed through institutional private equity funds, including Fund I ($40 million), Fund II ($100 million), Fund III ($200 million), Fund IV ($300 million), Fund V ($445 million), and Fund VI ($215 million). The enterprise's geographic footprint concentrates on high-barrier, supply-constrained markets across California and Washington. Its primary target areas include the San Francisco Bay Area, Greater Los Angeles, San Diego, Santa Barbara, and the Seattle metropolitan region. Over its operating history, Interstate Equities Corporation has completed 168 property acquisitions and executed more than $2.5 billion in cumulative transaction volume.

Principals at Interstate Equities