Five-year program will support 50 internships for students annually across the industry through 2030

INDIANAPOLIS – Ambrose, a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, in partnership with the Pension Real Estate Association (“PREA”) Foundation, today announced the launch of the Ambrose x PREA Foundation Opportunity Scholarship Program, which will fund 50 internship scholarships annually to support the next generation of leaders in commercial real estate. Ambrose has pledged $1,000,000 to support the five-year program. 

The program, which is open to undergraduate and graduate students from all backgrounds, aims to remove financial roadblocks and open meaningful doors in an industry historically characterized by higher barriers to entry and career advancement. Students who have accepted an internship through a PREA Foundation-funded program and expressed a financial need to pursue a career in the commercial real estate and/or finance sectors will be considered for the scholarships. The program’s inaugural 2026 Scholars Class will be announced later this spring.

“As a direct beneficiary of an internship program that opened the doors to the start of my successful industrial real estate career, I am proud that Ambrose is playing such an impactful role in cultivating the future talent pipeline of our industry,” said Aasif Bade, Founder and CEO of Ambrose. “Programs such as this provide the practical experience, exposure, foundational knowledge and inspiration that is critical for a young person’s career trajectory. I am grateful for the support and partnership of the PREA Foundation as we help to create life-changing opportunities for the next generation of innovative young professionals who will have a positive and enduring impact on our industry for many decades to come.”

PREA Foundation is the philanthropic arm of PREA, a non-profit trade organization representing the global institutional real estate investment industry. The Foundation’s mission is to advance the interests and values of the institutional real estate investment community by creating opportunities for people from all backgrounds to access and excel in the industry. They provide grant funds to create programs that equip emerging talent with the skills, experiences and opportunities needed for long-term career success in the real estate industry.

“Ambrose’s investment reflects the kind of leadership that defines our industry at its best,” said Dr. Ivan Barron, Executive Director of the PREA Foundation. “Aasif’s journey is a powerful example of what access and opportunity can unlock, and his decision to pay that forward will create transformative pathways for more than 200 students to enter and advance in commercial real estate. By addressing financial barriers at a critical moment, this scholarship helps ensure that emerging talent can pursue and sustain long-term careers in our industry.”

Advancement of key team members demonstrates the firm’s depth of excellence and capabilities in industrial real estate investment and development

INDIANAPOLIS – Ambrose, a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, today announced the promotion of three key team members. These elevations demonstrate the firm’s ongoing commitment to cultivating industry-leading talent and delivering superior outcomes for its occupiers, business partners and investors.

“The exceptional achievements of each one of these team members during their tenure here reflects the caliber and depth of talent that drives Ambrose’s success,” said Ambrose President and Chief Investment Officer Jason Sturman. “As our platform continues to expand and scale, the hands-on expertise of our team and the empowerment of their continued professional growth gives us an optimal position to navigate evolving market dynamics while maintaining our commitment to excellence, innovation and positive outcomes for our clients and investors.”

The following Ambrose team members have been promoted:

Todd Justus has been promoted to Senior Development Manager. A key contributor to the build-to-suit team for more than four years, Justus has executed hundreds of millions of dollars in development volume across fee and capitalized structures for national clients including Amazon, Siemens and PL Cold. Known for his exceptional technical expertise and unwavering commitment to quality, Justus will continue driving Ambrose’s growth in the build-to-suit sector in this elevated role.

Dan Kmiecik has been promoted to Senior Development Manager. During his four years on Ambrose’s development team, Kmiecik has played a pivotal role in expanding the firm’s presence in the Florida and Denver markets. He also supports national build-to-suit clients, bringing grit and persistence to every project — efforts that earned him Ambrose’s internal award for determination. In his expanded role, Kmiecik will apply his development expertise to leading complex projects within Ambrose’s build-to-suit operations.

David Dunbar has been promoted to Market Officer. Since joining the firm more than two years ago, Dunbar has been a vital member of the deployment team, strengthening Ambrose’s presence throughout the Midwest and Denver regions through strategic relationship building and business development efforts. He also supports leasing initiatives in key markets, leveraging his extensive network. In his new role, Dunbar will broaden his focus across the greater Midwest, leading pipeline expansion and leasing execution.

The fundraising landscape for industrial and logistics strategies is entering a new phase as capital markets begin to normalize and investor confidence gradually returns. While the secto…

Some in the industry see little impact from the decision, while others lament the heightened market uncertainty

Major grant from state to help development get started on 13-building business park near Pittsburgh International Airport.

The firm deployed equity out of its Ambrose Fund IV, which closed abouta year ago and is its largest fund to date.

INDIANAPOLIS – Ambrose,a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, today announced the acquisition of four industrial assets across the Midwest totaling over one million square feet at a purchase price of just over $102 million. The properties comprise a variety of modern industrial facilities

Ambrose acquired three fully leased industrial facilities via an off-market deal from Artemis Real Estate Partners located in the key regional markets of Columbus, OH; Indianapolis, IN and Greater Louisville, KY. Ambrose also acquired a temperature-controlled foodservice facility in Whitestown, IN from an Italian and specialty foods distributor. The facility is fully occupied under a long-term lease.

Ambrose Senior Vice President of Investments Pat Walsh said, “These assets offered a compelling opportunity to acquire industrial properties well below replacement cost within core submarkets that feature strong economic fundamentals, high user demand and limited supply. The significant mark-to-market opportunities, coupled with our in-house asset management team’s expertise, capability, and customer relationships, provide us with an effective investment strategy to realize long-term investor value and regional portfolio expansion in some of the most sought-after logistics markets in the Midwest.”

The assets acquired include:

Ambrose President and Chief Investment Officer Jason Sturman added, “Our investment strategy is guided by diligence, patience in execution and a keen sense of market timing. Our team, armed with boots-on-the-ground knowledge and a track record of successful market analysis, was able to effectively evaluate the extensive pipeline available to us and identified these assets as best aligned with our investment thesis and well-positioned to maximize risk-adjusted returns on investors’ capital.”

The four buildings expand Ambrose’s existing Midwest portfolio of 13 buildings and additional sites across the Indianapolis, Cincinnati, Columbus, Toledo and Pittsburgh markets. The firm also maintains assets in the Mountain and Southeast regions, plus a land pipeline of  2,000 acres across the United States representing over 20 million developable square feet.

A subsidiary of Advance Auto Parts Inc. (NYSE: AAP) has signed a lease for 178,027 square feet of industrial space northeast of Denver.

Building II of Ambrose’s recently acquired Ascent Commerce Center now fully occupied

DENVER – Ambrose, a vertically integrated real estate investment manager that specializes in acquiring, developing and operating modern industrial, logistics and e-commerce real estate, today announced that Advance Stores, Inc., a subsidiary of Advance Auto Parts, Inc. (NYSE: AAP), has leased 178,027 square feet of space in Building II of the Ascent Commerce Center, a 33-acre industrial park located in Commerce City, CO, a northeast suburb of Denver. The seven-year lease brings Building II to full occupancy.

Acquired by Ambrose in 2024, Ascent Commerce Center is a state-of-the-art, multi-tenant industrial development comprised of three Class A industrial buildings. Building II, a 313,080-square-foot cross-dock facility, features 36-foot clear heights, seven-inch reinforced concrete floor slabs, dock-high and grade-level doors, automotive and trailer parking and an ESFR sprinkler system. Ideally configured for bulk and local/regional distribution, the park is strategically located close to I-70, I-225 and the E-470 interchange, offering convenient and swift access to Downtown Denver and the Denver International Airport, just a few minutes’ drive from the property.

Ambrose Senior Vice President Pat Walsh said, “The successful lease-up of Building II reflects the consistent demand for modern industrial facilities by large occupiers undertaking rapid advancements and evolutions in their global supply chain strategies. We look forward to providing further value to Advance Stores to ensure that the property is positioned to fully accommodate their retail operational and distribution needs within the greater Denver market.”

Space remains available within the park. Building I has 43,350 square feet available, including a 1,858-square-foot office, while Building III has 101,168 square feet available, including a 2,600-square-foot office.

Ambrose was represented by Drew McManus, Bryan Fry, and Ryan Searle of Cushman & Wakefield. Advance Stores was represented by Carm Hicks and Al Williams of JLL.

Indianapolis-based Ambrose will move forward with an industrial project in the Flagler Station area of Miami-Dade County after securing an $18.12 million construction loan.