Marshall Boyd

Marshall Boyd is the Co-President and Chief Investment Officer (CIO) of Interstate Equities Corporation (IEC), a real estate investment firm specializing in multi-family apartments primarily along the California coast. Under his leadership, IEC manages approximately $1 billion in assets, focusing on transforming dated apartment properties into updated, boutique-style living spaces.13

Background and Career Path

Marshall Boyd took over the leadership of IEC in 2007, following the passing of his father, James Boyd, who founded the company in 1981. He and his sister, Julia Boyd Corso, transitioned the firm from a family-run business to a more structured private equity model, emphasizing value-added investments in real estate.23 Prior to joining IEC, Marshall gained experience in investment banking at Credit Suisse First Boston and worked with the investment team at TA Associates, a private equity firm.35

Education

Marshall holds a Bachelor's degree in Economics from Middlebury College, where he also participated in cross country and track.35 His academic background laid a strong foundation for his analytical approach to real estate investment.

Leadership and Vision

As Co-President, Marshall is instrumental in developing IEC's investment strategies and overseeing its operations. His focus is on acquiring underperforming properties, enhancing their value through renovations, and ultimately providing attractive returns for investors. He is also involved with the Urban Land Institute, serving as vice chairman of its Multifamily Silver Council.34

Marshall Boyd's leadership style emphasizes a methodical approach to investment, aiming for stability and long-term growth rather than high-risk ventures. This philosophy reflects his commitment to achieving consistent results in the competitive real estate market.