Ambrose Property Group Announces Glick Partnership and Major Additions to Executive Leadership Team as Vision to Catalyze Philanthropic and Community-Centric Strategies New Residential Partnership with Glick to Strengthen Downtown Indianapolis
INDIANAPOLIS – Ambrose Property Group today announced its new vision for the future which includes a new residential partnership at Waterside with the Gene B. Glick Company, major additions to the company’s executive leadership team and plans to catalyze its philanthropic and community-centric strategies to strengthen Indianapolis.
“As we look forward to the next 10 years, we are doing so with a powerhouse leadership team and a group of respected partners – like Glick – who are fully committed to our community from both a real estate and a philanthropic perspective,” said Aasif Bade, founder and president of Ambrose. “Community-involvement and charitable initiatives have always been core to Ambrose and we’re excited to increase our impact in these areas as the future unfolds.”
Ambrose will partner with Glick to build and manage apartment homes at Waterside – over 100 acres in downtown Indianapolis that will expand the urban core of the city for generations to come. Glick, which is headquartered in Indianapolis, is one of the largest real estate ownership, development and management firms in the country. Within central Indiana, Glick is particularly well-known for giving back to the community and for its association with Glick Philanthropies, a family of charitable initiatives, programs and organizations.
“Ambrose’s vision for this project aligns closely with our values relating to community development and creating opportunities to strengthen the neighborhoods of Indianapolis,” said David Barrett, president and CEO of Glick. “We view Waterside as a once-in-a-generation project and we are impressed by the Ambrose team’s desire to not just be developers of real estate, but to focus on the civic and philanthropic aspects of this important project.”
This partnership is part of Ambrose’s broader vision to build a stronger community with a growing leadership team.
Jason Sturman will join as chief investment officer focused on growth in Indianapolis and beyond. Sturman most recently served as chief investment officer at Milhaus, a development company focused on urban Class A apartments in the Midwest and Southeast. Prior to Milhaus, he spent 13 years in leadership roles at Duke Realty.
“This opportunity with Ambrose will allow me to help grow the company and expand on the incredible base that Aasif and the team have created,” said Sturman who will start on July 15. “Indianapolis is a better city because of the work Ambrose is doing to create sustainable, community-focused developments and I look forward to joining the leadership team.”
Sturman earned his Bachelor of Science from the University of Pennsylvania’s Wharton School, his Bachelor of Applied Science from the University of Pennsylvania’s School of Engineering and Applied Science, and his Master of Business Administration from the University of Chicago’s Booth School.
Isaac Bamgbose will join as senior vice president of development to lead the transformational development of Waterside and other developments. Bamgbose most recently led the development of the Bottleworks District as the vice president of development for Hendricks Commercial Properties.
“Ambrose’s vision for changing the urban fabric of Indianapolis through innovative and thoughtful, community-centric developments excites me,” said Bamgbose. “Waterside will absolutely shape the future of our city and I can’t wait to help bring this project to life. It’s been an honor to be with the Hendricks Commercial Properties team and part of the Bottleworks District. I wish that team all the best and I look forward to the positive impact both of these projects will have on our city.”
Bamgbose earned his bachelor’s in economics and management from Beloit College. He moved to Indianapolis to lead the development of the Bottleworks District and also worked on developing the Ironworks Hotel as part of the complex expansion of the Ironworks Apartments near Keystone at the Crossing.
“I couldn’t be more enthusiastic about the additions of Jason and Isaac to our team,” said Bade. “I had the privilege of working with Jason at Duke Realty and his leadership will be paramount as we implement Ambrose’s vision for the future. Isaac has quickly made an indelible mark on our community and he embodies the civic-mindedness that is core to our mission.”
Other executive leadership moves include:
Grant Goldman, who joined Ambrose in 2016, was promoted to executive vice president of development. In this role, he will be responsible for the pursuit and execution of development projects and targeted market growth.
Mali Jeffers, who joined Ambrose in 2017 to lead community outreach for Waterside, was promoted to vice president of marketing and corporate responsibility. In this unique role, she will oversee all of Ambrose’s community outreach, marketing and corporate responsibility efforts. Under Jeffers’ leadership, Ambrose selected Central Indiana Community Foundation to be its Neighborhood Impact and Inclusivity partner for Ambrose Opportunity Zone projects. She also oversees the Placemaking, Neighborhood Impact and Inclusivity partnership with CICF for the Waterside development.
Derek Naber recently joined Ambrose as a development manager. He previously worked for Holladay Properties focused on the Central State redevelopment.
Michelle Brackett, who joined Ambrose in 2015, was also promoted to executive operations director.
Ambrose also recently announced the finalists of the Waterside Design Competition. The finalists and members of their design teams will visit Indianapolis next month and give public presentations that describe their studio’s approach and design philosophy. The Waterside Finalist Introductions are free and open to the public, and will take place at 5:30 p.m. on Wednesday, June 12 at INDUSTRY (545 Kentucky Ave., Indianapolis, IN).
Ambrose Property Group
Ambrose Property Group is a recognized leader in real estate ownership, development and redevelopment headquartered in Indianapolis. Founded in 2008, Ambrose has steadily scaled operations into one of the industry’s most recognized leaders of developing mixed-use, industrial/e-commerce, health care and office real estate. Guided by a vision of being a philanthropic leader focused on improving the community for everyone, civic and community leadership is central to the Ambrose way. Ambrose has invested in and created value of more than $1 billion in communities where it does business. In 2018, Ambrose acquired Waterside, the former General Motors stamping plant. This once-in-a-generation economic development project features more than 100 acres in downtown Indianapolis that will expand the urban core for generations to come. Taking a holistic approach to city planning, Ambrose ignites a focus on community building, inclusivity and placemaking. Ambrose’s team members are recognized community advocates who dedicate their time, talent and treasure to dozens of organizations throughout Central Indiana and beyond.
About Gene B. Glick Company
Founded in 1947 and based in Indianapolis, the Gene B. Glick Company is a privately held real estate ownership, development and management firm, with more than 20,000 units in 13 states. The company’s philosophy, “Built to Be Home,” is reflected through its industry leadership in customer service, property management and quality construction of affordable and market-rate apartment units. Glick has a long tradition of giving back to the communities where it operates through its corporate social responsibility efforts and association with Glick Philanthropies, a family of charitable initiatives, programs and organizations focused on building community and creating opportunity. Since 1982, Glick Philanthropies has invested nearly $200 million to strengthen the quality of life in central Indiana and in communities where Glick properties are located to ensure that people can reach their full potential and lead lives of dignity. For more information, visit GeneBGlick.com.