Long Island City Terminal sign.
NEW YORK CITY – Innovo Property Group, a New York City-based real estate investment and operating firm, has appointed Graham Stephens, formerly of Jones Lang LaSalle in New York City, as a principal in its investments team and head of capital markets. Stephens will assist IPG to expand its portfolio and develop capital relationships in its target markets, which includes Long Island City.
Graham Stephens.
Stephens walks through the doors at Innovo with 15 years of industry experience, having worked on a variety of complex real estate transactions that exceed $17 billion in aggregate value. Before joining IPG from JLL, he held real estate capital markets positions at Cushman & Wakefield and RBS Greenwich Capital.
"My career has been heavily focused on transactions involving a variety of capital sources ranging from high-net-worth individuals to the largest global institutions such as JPMorgan, Blackstone and Allianz, and everyone in between," Stephens tells GlobeSt.com. "Positive capital relationships combined with deal experience covering all asset classes is a great fit to help IPG continue to grow."
IPG has been highly active in the New York City market, particularly on industrial assets geared toward last-mile distribution and urban warehouse facilities. The Nan Fung Group-backed firm has several investments across the boroughs, including 2505 Bruckner St. and 511 Barry St. in the Bronx and 24-02 49th Ave. in Long Island City.
"Stephens expertise in the industry will be invaluable as we move into the next phase of our growth and he will play a significant role in our continued expansion," said Andrew Chung, founder and CEO of IPG, in a prepared statement.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
