Innovo Property Group

Name

Innovo Property Group

Legal name

Innovo Property Group

Website

https://innovopg.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Innovo Property Group is a privately held NYC-based real estate investment and operating platform that acquires and manages institutional-quality commercial assets, reporting $3B+ in gross asset value and 6M+ square feet under management across 14 transactions.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Real Estate Property Managers (53131), Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate (6500)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

akta.pro secondary industries

Office Property Management (BPAJAGAA), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial real estate
• Property management
• Asset management
• Office leasing
• Real estate investment

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing and Asset Management: Innovo Property Group generates revenue through leasing commercial office and laboratory space in properties under management, as evidenced by the 20-year, 155,000 square foot lease with NYC's Department of Environmental Protection. Revenue is derived from long-term commercial tenant leases.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Innovo Property Group is a New York City-based real estate investment and asset management platform that acquires, owns, and operates institutional-quality commercial office and laboratory properties. The company leases Class A space to government agencies and corporate tenants on a long-term basis, managing 6M+ square feet across $3B+ in gross asset value. Its portfolio focuses on strategic urban locations within the New York metropolitan area, including properties along key transportation corridors and waterways such as Long Island City.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Leasing and Asset Management Long-term leasing and full-service asset management of institutional-quality Class A office and laboratory properties for government agencies and corporate tenants in the New York metropolitan area. Revenue is generated through long-term commercial tenant leases, exemplified by a 20-year, 155,000 square foot lease with NYC's Department of Environmental Protection at the 24-02 49th Avenue building in Long Island City, Queens.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• NYC Department of Citywide Administrative ServicescoreStrategic or Co-development Partner · 20 February 2026The Department of Citywide Administrative Services managed approximately 400 leases for the city and facilitated the 20-year lease between NYC DEP and Innovo Property Group, overseeing city real estate transactions.
• CBREcoreChannel Partner/ Reseller/ Distributor · 20 February 2026CBRE brokered the 155,000 square foot lease between NYC's Department of Environmental Protection and Innovo Property Group, representing both parties in the transaction at the 24-02 49th Avenue building.
• NYC Department of Environmental ProtectioncoreOthersNYC DEP signed a 20-year lease for 155,000 square feet of office and laboratory space at Innovo Property Group's 24-02 49th Avenue building in Long Island City, Queens, relocating from Flushing. The deal was facilitated by DCAS.

Scale indicators4 records

Regional players

• New York City Economic Development Corporation: NYC municipal authority that owns and leases commercial real estate (including lab and innovation space). Comparable as a regional/civic owner-operator transacting in the same Long Island City submarket for government and life-sciences tenants.

Direct peers

• SL Green Realty: Largest NYC-focused office landlord and asset manager. Directly comparable to Innovo in product (Manhattan office), geography (NYC), and business model (own/lease/manage Class A office), though at materially greater scale and public-market scale.
• Empire State Realty Trust: NYC office and observatory-focused REIT (Empire State Building). Comparable in NYC office asset management, tenant mix (government/office), and leasing-driven economics.
• Vornado Realty Trust: NYC-centric office REIT with a portfolio heavily concentrated in Manhattan. Closely comparable to Innovo in asset class (trophy office), market (NYC), and leasing-driven revenue model, with much larger AUM.

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services firm with strong NYC office leasing and asset management practice. Comparable as a broad incumbent providing adjacent services in the same NYC office ecosystem.
• Tishman Speyer: Global owner/developer/asset manager with deep NYC office presence (e.g., Rockefeller Center). Comparable as a large NYC-focused asset manager with similar institutional-grade office product.
• Brookfield Property Partners: Global real estate operator with large NYC office holdings. Comparable as a broad incumbent in NYC office asset management and leasing, though operating at much larger scale across geographies and asset classes.
• JLL: Global real estate services firm providing asset management, leasing, and investment sales. Comparable as a broad incumbent in commercial real estate asset and property management with NYC institutional practice.
• Related Companies: Diversified NYC-headquartered real estate developer and owner with significant office, residential, and mixed-use exposure. Comparable as a broad NYC owner-operator, though with a much wider portfolio beyond office/lab.

Others

• CBRE Group: Global commercial real estate services and investment firm. Functions as Innovo's brokerage channel partner but also competes in adjacent property management and investment advisory services.

Market position

Customer concentration

• Xx.com/innovopg

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovo Property Group