Extell Development Company announced that Andrew Chung has joined the company as president and co-chief executive officer, partnering with Gary Barnett, Extell’s founder, chairman and CEO.
“Andrew is a highly respected leader with a rare combination of development expertise and institutional investment experience,” Barnett said. “I’ve had the opportunity to work with Andrew over the years and have long admired what he built at Innovo, as well as his track record at Carlyle. I’m confident his strategic perspective will be invaluable as we continue to grow and enter Extell’s next chapter.”
Chung is the founder of Innovo Property Group, which he established in 2015. Prior to founding Innovo, he was a partner at The Carlyle Group, where he was a senior member of the U.S. Real Estate Fund and served as head of the New York office for a decade. His experience spans large-scale development, institutional investment and complex capital structures across leading real estate platforms.
In his new role at Extell, Chung will work closely with Barnett to oversee the company’s strategic direction, development pipeline, capital relationships and long-term growth initiatives across its residential, commercial, and mixed-use portfolios.
Chung currently serves on the Advisory Board of the NYU Schack Institute of Real Estate. He holds a Bachelor of Science in economics from The Wharton School at the University of Pennsylvania.
