Bay Street Capital Holdings

Beginning in apartment management and leasing, Ila Corcoran's real estate career has taken many forms. Ila's introduction to the real estate world began after her family's experience with foreclosure. The initial real estate experience was born out of a need to secure housing, which ultimately propelled her into her career. At the start of her career, Ila began as a property manager, among a team of 4 others supporting more than 300 units across southern California. Simultaneously, she achieved a Bachelor's degree and 2 minors from California State University Long Beach. Thereafter, she achieved her Real Estate License and dived into the commercial real estate space by assisting in the acquisition of more than 60 units by a small commercial real estate firm in Los Angeles. After a brief time spent in commercial real estate, Ila found her passion within the residential industry, and the potential to help Americans create security through housing and homeownership. For a year, Ila worked with 9 of the leading home builders in South California, facilitating the purchase and sale of newly constructed housing and starting a real estate portfolio of her own. Coupled with volunteer work, Ila saw firsthand the challenges of the real estate industry and the damaging effects of housing insecurity for her community.

With a desire to be at the forefront of innovative solutions to a traditional industry, Ila's career developed substantially during her work with a start-up focused on a modern approach to buying, selling, and financing real estate. Ila worked as a key stakeholder in developing a platform of over 70,000 real estate professionals, helping them and their clients maximize their equity and avoid the threats of iBuyers/discount buyers. In 2021 alone, she led a team to close more than $80M in transaction volume across numerous states, with a laser focus on value-add services for the American homeowner. Separately, Ila's free time has included serving apartment communities across Los Angeles and the non-profit housing space dedicated to serving those experiencing homelessness.

In 2022, Ila began a new journey with Bay Street Capital Holdings, a black-owned wealth management firm. Since joining the team, Ila has closed $10.4M in real estate and secured more than $2.2M in AUM during her first 6 months as a licensed investment advisor representative. As the SVP of Real Estate Operations and Advisory services for the firm, she also manages acquisitions for the newly launched private equity fund, Resthaven Properties. As the travel industry grows, over $109B is spent annually by black travelers, while less than 1% goes to black-owned hospitality organizations. As an avid traveler and conscious consumer, Ila understands the needs of the diverse community for safe & accessible accommodations and has supported Resthaven in amassing allocations of $25M from like-minded investors as well as acquiring multiple properties.