Ryan Bathie

Innovo Property Group

1350 6th Ave 17th floor, New York, NY 10019

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Innovo Property Group NYC portfolio

$1.3 billion -development 49%, industrial 25%, condo 24%; Queens 77%, Bronx 22%*

186th largest portfolio by dollar value

1,050,462 sqft – condo 62%, industrial 37%; Queens 71%, Bronx 28%

467th largest by SF

9 properties – Queens 69%, Bronx 30%

1114th largest

Top Ten Associated People:

James N. Clewlow (1), Michael Tortorici (1), Simon B. Burce (1), Samuel Sutton (1), John Pantanelli (1), Farid Maluf (1), Steve Towle (1), Steven J. Borenstein (1), Paul D. McKinnell (1)

Recent activity as signatory:

• Innovo Property Group, Nan Fung Group and Atalaya Capital Management borrowed $304.6 million from JPMorgan Chase for 23-02 Borden Avenue on July 22, 2022.

• Metro Office Furniture Rental sold 1100 Leggett Avenue for $21.5 million to Innovo Property Group on July 15, 2022.

• Innovo Property Group borrowed $27 million from PCCP for 1100 Leggett Avenue on July 15, 2022.

• Paul D. McKinnell sold 21-32 Borden Avenue for $11 million to Innovo Property Group on July 15, 2022.

• Innovo Property Group borrowed $28.6 million from Starwood Property Trust for 53-50 29 Street on March 16, 2022.

• Innovo Property Group sold 511 Barry Street for $119 million to CenterPoint Properties on August 24, 2021.

• Innovo Property Group borrowed $110.2 million from Cerberus Capital Management for 1108 Oak Point Avenue on June 04, 2021.

• Vornado Realty Trust sold Tiffany street for $10 million to Innovo Property Group on June 04, 2021.

• Nan Fung Group borrowed $93 million from Starwood Capital Group for 23-02 Borden Avenue on March 01, 2021.

• John Pantanelli sold 21-32 Borden Avenue for $18.6 million to Innovo Property Group on March 01, 2021.

Latest Stories:

• Innovo Property pays $35.2M for 85% of LIC property (July 21, 2025)

• Innovo signs $169M construction loan for LIC logistics (February 19, 2025)

• Innovo pays $6.2M for LIC industrial, in contract since 2020 (December 26, 2024)

• Innovo Property signs $43M refi for 350K storage project in LIC (June 08, 2023)

• Innovo Property Group signs $27M acquisition loan with PCCP for industrial in Hunts Point (August 04, 2022)

• Innovo, Nan Fung Group, sign $304.6M construction loan with JPMorgan Chase for 680K LIC warehouse (August 03, 2022)

• Innovo Property Group pays $21.5M for industrial in Hunts Point (July 27, 2022)

• Innovo pays $11M for industrial in Long Island City, adjacent to large Innovo project (July 25, 2022)

• CenterPoint pays $119M to Innovo Property Group for warehouse in Hunts Point (September 08, 2021)

• Pimco acquires interest from Innovo Property Group valued at $13.2M for LIC development (August 16, 2021)

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