Interstate Equities Corporation
also referred to as: iec
12 statements across 1 episodes · 6 bullish · 2 bearish · 1 people on the record · first statement Feb 6, 2023 by Marshall Boyd · said 13 times in 1 episodes since 2023 · across every show →
Mentions by year
brought up most by Ted Seides (8), Marshall Boyd (5)
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Everything said about Interstate Equities Corporation, oldest first
Feb 6, 2023
Boyd: IEC gut-renovates apartment units in 15 days for $15,000
“We bonus our construction teams on renovating units, and typically it's about 12 to 15 days to completely gut renovate an apartment. This is going from shag carpet and pink tile and an old lampshade to a completely renovated unit in 15 days, call it, maybe spe…”
Feb 6, 2023 positive
Boyd: IEC unlocked $5M in value by renting 45 neglected garages
“So we had a 400 unit building we acquired from a large fund that folks would know, and we discovered that 45 of the garages had been locked for the entire ownership, locked off from rental. And just nobody had thought to ask, we should unlock these garages and…”
Feb 6, 2023 neutral
Feb 6, 2023 negative
Boyd: One-person shows in private equity are flawed and hurt returns
“I really think there's benefits in terms of returns. To having a team that's empowered and not having it be this one person show. We can all name a lot of private equity firms where there's really just one name that's talked about. And I think that's a real fa…”
Feb 6, 2023
Feb 6, 2023 positive
Feb 6, 2023 neutral
Feb 6, 2023 positive
Boyd: IEC acquired apartments from a potato peeling factory pension plan
“The ownership Was a potato peeling factory out of the Midwest, and this is the retirement plan for the line workers at the manufacturing company. They own one or two pieces of real estate, but a really large potato peeling business. They knew nothing really mu…”
Feb 6, 2023 positive
Feb 6, 2023 negative
Feb 6, 2023 positive
Boyd: IEC rewards deal-sourcing brokers with disposition listings
“Another piece of it is because we don't own assets indefinitely, we'll then sell that asset three, five, six years later and use that broker again when we sell it. And so someone who brings us a deal, they'll make twice as much. If they bring it to somebody el…”
Feb 6, 2023 positive
Boyd: Co-CEO structure lets leaders remain active practitioners
“There's a lot of benefits to it, and I realize you can do it wrong, but CEOing sometimes is very lonely, and it does take you away from being a practitioner in your vertical, and so for us, we'll divide up the CEO duty, and that allows me to go into the invest…”