Meat and Potatoes Multi-Family Real Estate at IEC
Episode Description:
Marshall Boyd is the Co-President and CIO at Interstate Equities Corporation, a real estate investment firm that manages $1 billion focusing exclusively on multi-family apartments on the California coast. IEC is one of those little-known gems for those in the know. It’s an endowment darling with just a dozen or so of the most elite LPs in the business exploiting an attractive, little corner of the investment world.
Our conversation covers Marshall’s path to IEC and steps to turn a family boutique into an institutional business. We discuss firm’s investment thesis, sourcing, due diligence, deal dynamics, value-added operations, and exit strategy. We close covering risks to the strategies and lessons learned along the way.
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All opinions expressed by Ted and podcast guests are solely their own opinions and do not reflect the opinion of the firms they represent. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.