Creating value at the intersection of real estate, functionality, and technology

Company Overview

Innovo Property Group (IPG) is a real estate investment and operating firm focused on acquiring commercial, industrial, residential, and mixed-use assets.  IPG’s portfolio encompasses over 6 million square feet and includes more than $3 billion of real estate projects in various stages of development.

IPG’s investment approach is deeply rooted in a thematic, data driven methodology. IPG seeks to capitalize on the intersection of technology, urbanization and functionally obsolete real estate which creates fragmented and mispriced opportunities for acquisition.

The firm was founded in 2015 by Andrew Chung, who was previously a partner with The Carlyle Group for more than ten years. IPG has assembled an in-house team of experts in design, architecture, asset management, leasing, investments, capital markets, data analytics, accounting, tax and legal.

Team Members
Target Deal Size

Theme-Based, Data-Driven Approach

Urban Industrial

  • Existing urban industrial supply is functionally obsolete, and suitable land for new development is scarce.
  • eCommerce continues to drive demand for urban infill industrial real estate.
  • This dynamic is especially pronounced in New York City, a land-constrained market in which the average existing warehouse is over 75 years old.


  • The acceleration of pre-COVID trends such as remote work has dramatically increased housing flexibility among workers, creating opportunities to capitalize on these loosening constraints.
  • Growth markets in the Southeast will continue to benefit from positive demographics including an influx of relocators and other demand drivers.