IPM Investments

About IPM Investments

IPM Investments is a real estate operator headquartered in Chicago, IL. IPM Investments operates in Las Vegas, Nevada and Seattle, Washington. Its investment focus is on Hotel-to-Residential, Multifamily - Value-Add and Workforce Housing.

**IPM Investments** (legally IPM Investments, LLC) is a Seattle, Washington-based private real estate investment, asset management, and syndication firm. The firm operates under the leadership of Founder and Managing Member Frank T. Hornung alongside executive team members including Director of Finance Tyler Kowal and Principal Army Olsen. The enterprise focuses its investment platform exclusively on multi-family apartment communities, targeting value-add, core-plus, and adaptive reuse opportunities (such as hotel-to-apartment conversions). Operating with a vertically integrated investment strategy, IPM Investments co-invests capital alongside accredited investor partners. Its hands-on model encompasses rigorous market analytics, site acquisition, capital improvements, active asset management, and property repositioning to drive cash flow and long-term wealth preservation. The organization focuses its acquisition and management footprint on high-growth submarkets across the Pacific Northwest and Sunbelt regions, including Washington, Nevada (such as Las Vegas), and Arizona (such as Tucson). Across its deal history, IPM Investments and its leadership have overseen the acquisition, repositioning, and management of multi-family assets—headlined by regional projects such as *The Eighty8* in Las Vegas, *The Ashton* in Olympia, *Valley View* in Poulsbo, and *Palms on 2nd* in Tucson.

Principals at IPM Investments