Ambrose Closes Largest Fund at $400M
The investment vehicle will target industrial developments and acquisitions.
Ambrose has closed its fourth fund at $400.6 million—its largest investment vehicle to date. Ambrose IV will target build-to-suit and speculative developments, as well as acquisitions of industrial, logistics and e-commerce assets throughout the U.S.
Focusing primarily on the Midwest, Mountain States and the Southeast markets, the investment vehicle is already roughly 50 percent deployed. Thus far, proceeds from Ambrose IV have kicked off 12 industrial projects throughout Florida, Louisiana, Indiana and Ohio.
The fund also acquired a three-building portfolio in Denver and purchased four land parcels across Ohio and Indiana, with plans to develop six industrial projects.
READ ALSO: 5 Trends Defining CRE Development in 2025
The decrease in new construction due to high interest rates and capital constraints backs up Ambrose’s investment strategy, according to a company statement. Additionally, the company banks on the increasing absorption of the pandemic-era industrial development glut and the growing demand for well-located industrial, logistics and e-commerce product.
Ambrose IV’s investor base includes a mix of public pension funds—such as Indiana Public Retirement System, which committed $100 million—and insurance companies, as well as family offices.
Ambrose’s industrial endeavors
Ambrose has completed 61 industrial projects valued at $2.9 billion since 2020. The company also owns entitled land for new developments, capitalizing on the warehousing, manufacturing and data center demand.
Some of Ambrose’s projects currently underway are in Florida. In Orlando, Fla., Ambrose is developing Orlando Logistics Park at LeeVista, a three-building, 673,000-square-foot industrial project. The first building, which measures 103,000 square feet, is slated for completion this April.
The company teamed up with Helms Development to construct Alico ITEC Logistics Park, a two-building, 380,000-square-foot industrial project in Fort Myers, Fla., which is part of the Southwest Florida Coast market. The region was featured in Commercial Property Executive’s U.S. Emerging Industrial Markets.
Ambrose is also an active player on the industrial real estate investment scene. Last October, the company paid $61 million for Ascent Commerce Center, a three-building asset totaling 595,000 square feet in Denver.
You must be logged in to post a comment.