Julia Boyd Corso | Co-President & COO at Interstate Equities Corporation & Marshall Boyd | Co-President & CIO at Interstate Equities Corporation
On the latest episode of Leading Voices in Real Estate, Matt is joined by Julia Boyd Corso and Marshall Boyd, Co-Presidents of Interstate Equities Corporation. Founded in 1981 by their parents, IEC is a value-add investor and manager of multifamily properties across California and now Seattle, with a niche of acquiring dated apartments and transforming them into attainable, updated, boutique-style assets for the current resident demographic. Julia and Marshall took over the organization in 2007 following the passing of their father when they were 27 and 29 respectively. Some of the themes of this episode surround the challenges of starting in the industry as emerging leaders, the transition of a family company to a private equity business, the benefits of a co-head structure, and climbing the ladder from a syndication model up to a commingled fund business.
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.
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.