Ash Shah’s career reflects a consistent focus on building scalable businesses across industries. As the founder and CEO of IMPEX Capital Group, a Houston-based commercial real estate investment firm that grew out of his Shah Family Office, Shah oversees a portfolio exceeding $2.1 billion in assets across 20 states. Over two decades, he has led investments spanning multifamily, industrial, office, retail, hospitality, senior living, self-storage, and land development, positioning the firm as a diversified national platform.
Under Shah’s leadership, Impex Capital Group has acquired more than 10,000 multifamily units, developed an additional 1,500 units through new construction and build-to-rent communities, and assembled over 2.3 million square feet of industrial and office space, along with 400,000 square feet of retail and mixed-use properties. Today, Shah serves as a co-sponsor, key principal, or equity owner in more than 75 properties, reflecting his creative approach to capital formation, deal structuring, and long-term asset strategy.
“Our goal has always been to build a portfolio that can perform through multiple market cycles, not just chase short-term opportunities,” Shah said. “We focus on strong fundamentals, the right partners, and assets we believe will hold their value over time.”
Before entering commercial real estate, Shah built his first major venture in the manufacturing and distribution sector. As founder and CEO of Impex Global, a plastic films, paper, and packaging company, he expanded operations across North America and into international markets. The company’s growth and performance ultimately led to a successful sale to a private equity firm in 2012.
Shah holds an MBA from the Thunderbird School of Global Management. His companies have been recognized among the “Top 100 Fastest Growing Companies” by the Houston Business Journal and Inc. 5000, and he was named “International Entrepreneur of the Year” by the Indo-American Chamber of Commerce. He has also held membership with the Forbes Finance Council.
Outside of work, Shah prioritizes family, community involvement, and hobbies. He is actively involved in supporting charitable and community initiatives and values spending time with his family. He especially enjoys traveling worldwide with his wife, kids and family & friends; watching and playing sports with his two boys, socializing with friends and trying different restaurants around the city.
“Work is important, but the moments that you spend with family and your philanthropic giving is what truly lasts a lifetime. My favorite slogan is: Life is not measured by the number of breaths you take, but by the moments that take your breath away!” Shah said.
