IEC Appoints Bakari Adams Director of ESG to Lead New Initiatives

Bakari Adams

   

Los Altos, CA, Dec/ 16, 2020 – Institutional fund manager and value-add investor, Interstate Equities Corporation (IEC), has announced the appointment of a new Director of ESG, Bakari Adams.

 Adams, the current Director of Asset Management and an Investment Committee Member, will be focused on amplifying IEC’s current ESG program through eco-friendly measures throughout the portfolio and creating strong corporate social responsibility and diversity initiatives.

 According to Marshall Boyd, Co-President at IEC, a focus on ESG has always guided IEC’s investment decisions and has been a major component of who the firm is over the last four decades.

 

Julia Boyd Corso

            “ESG initiatives have been a part of what we have been doing for a number of years and something that has been ingrained in our culture from the start,” explains Boyd. “Appointing Bakari to Director of ESG allows us to ramp up our existing efforts and continue to lead on this front.”

             IEC invests in value-add multifamily properties across California. The firm strategically acquires dated, multifamily apartment communities and transforms them into affordable, updated, boutique-style assets.

             “Our focus on acquiring, improving, and keeping rents affordable for residents in the communities we serve while still creating value for investors is something in which we take strong pride,” says Adams. “This commitment to social impact for our residents has been one of our driving goals since IEC was started in 1981.”

 

Marshall Boyd

In Adams’s new role, he will be responsible for continuing to champion social impact initiatives aligned with IEC’s communities, driving new environmental initiatives across IEC’s $1 billion portfolio, and expanding the firm’s recruitment and vendor pool to ensure diversity and inclusion at all levels.

 “IEC has a very diverse culture. In fact, along with Julia Boyd Corso, our Co-President, our senior leadership team is quite diverse and reflective of the communities we serve. That said, we can always be doing more,” explains Adams.

 

   CONTACTS:

Katie Haga / Lexi Astfalk

Brower Group

(949) 438-6262

khaga@brower-group.com

 

www.interstateequities.com.