Interstate Equities Closes Institutional Fund at $215M

Jul 23, 2026

Interstate Equities Corporation (IEC), a vertically integrated real estate investment and management firm specializing in multifamily properties throughout California and Washington, reached the final close of IEC Institutional Fund VI (with $215 million in equity commitments. The new fund continues IEC’s value-add…

Capital Markets Multifamily U.S. National California

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Housing Development in North Lawndale Breaks Ground

Crews recently broke ground on a North Lawndale community, the Trumbull Collection, a group of nine market-rate three-flat apartment buildings. The $6.5 million project will replace eight vacant lots on the 1600 and 1800 blocks of S. Drake Ave. and S. Trumbull Ave. with 27 mid-density homes. The city-backed project…

Capital Markets

Multifamily

U.S. National