Innovo Property Group
Overview
Innovo Property Group (IPG) is a real estate investment and operating firm focused on acquiring and managing assets in the greater New York City metropolitan area. Founded in 2015 by Andrew Chung, a former partner at The Carlyle Group, IPG has developed a portfolio encompassing over 6 million square feet and more than $3 billion in real estate projects across various stages of development. The firm's investment approach is deeply rooted in a thematic, data-driven methodology, seeking to capitalize on the intersection of technology, urbanization, and functionally obsolete real estate, which creates fragmented and mispriced opportunities for acquisition. IPG's strategy centers on urban industrial and residential sectors. In urban industrial, the firm targets existing supply that is functionally obsolete, with suitable land for new development being scarce. The rise of e-commerce continues to drive demand for urban infill industrial real estate, particularly in New York City, where the average existing warehouse is over 75 years old. In the residential sector, IPG focuses on growth markets in the Southeast, benefiting from positive demographics, including an influx of relocators and other demand drivers. The acceleration of remote work has also increased housing flexibility among workers, creating opportunities to capitalize on these loosening constraints. The firm's in-house team comprises experts in design, architecture, asset management, leasing, investments, capital markets, data analytics, accounting, tax, and legal fields. This diverse expertise enables IPG to manage projects effectively and deliver value to stakeholders. With a target deal size of $50 million and above, Innovo Property Group continues to be a significant player in the real estate investment landscape, leveraging its comprehensive approach to identify and capitalize on market opportunities.
Investment Focus
- Urban industrial properties
- Residential developments in growth markets
- Projects with a minimum deal size of $50 million
Portfolio Companies
Reach Innovo Property Group directly
Verified work email, phone and LinkedIn for the full team — one spreadsheet, one payment, yours to keep.
Unlock full contacts →Frequently asked questions about Innovo Property Group
What sectors does Innovo Property Group invest in?
Innovo Property Group invests in Real Estate, Construction and Urban Development, and is based in New York, New York, United States. Innovo Property Group is listed as a private investment firm in the ConnectSafely investor database.
What stage does Innovo Property Group invest at?
Innovo Property Group backs companies at Growth, Late Stage and Buyout, writing cheques of 50M - 500M.
Which regions does Innovo Property Group invest in?
Innovo Property Group invests across United States.
Who are the partners at Innovo Property Group?
Team members listed for Innovo Property Group include Jay Vora (Chief Accounting Officer) and Andrew Chung (Chief Executive Officer).
What companies has Innovo Property Group invested in?
Innovo Property Group's portfolio includes Amazon, FedEx, DO & CO and Red Bull.
How do I contact Innovo Property Group?
Innovo Property Group's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
