Long Island City Terminalsign.

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NEW YORK CITY – Innovo Property Group, a New York City-basedreal estate investment and operating firm, has appointed GrahamStephens, formerly of Jones Lang LaSalle in New York City, as aprincipal in its investments team and head of capital markets.Stephens will assist IPG to expand its portfolio and developcapital relationships in its target markets, which includes LongIsland City.

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Graham Stephens.

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Stephens walks through the doors at Innovo with 15 years ofindustry experience, having worked on a variety of complex realestate transactions that exceed $17 billion in aggregate value.Before joining IPG from JLL, he held real estate capital marketspositions at Cushman & Wakefield and RBS Greenwich Capital.

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"My career has been heavily focused on transactions involving avariety of capital sources ranging from high-net-worth individualsto the largest global institutions such as JPMorgan, Blackstone andAllianz, and everyone in between," Stephens tellsGlobeSt.com.  "Positive capital relationships combinedwith deal experience covering all asset classes is a great fit tohelp IPG continue to grow."

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IPG has been highly active in the New York City market,particularly on industrial assets geared toward last-miledistribution and urban warehouse facilities. The Nan FungGroup-backed firm has several investments across the boroughs,including 2505 Bruckner St. and 511 Barry St. in the Bronx and24-02 49th Ave. in Long Island City.

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"Stephens expertise in the industry will be invaluable as wemove into the next phase of our growth and he will play asignificant 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.