New opportunities with Ambrose

The Opportunity: At Ambrose, we promote entrepreneurialism, innovation, and a client-first mentality. As a leading developer and investor in the fast-moving world of logistics and e-commerce real estate, our team is executing on some of the most exciting speculative and build-to-suit projects across the Midwest. With investments totaling over $500 million in 2021, Ambrose is raising the bar in project execution and setting a new standard in real estate. We are actively looking for driven individuals to join our growing team.

About the Role: The Vice President of Development Operations is responsible to lead the Company’s speculative ground up and tenant improvement development execution efforts nationally. Additionally, you will provide leadership to the Company’s development resources nationally for continuity of process and to position Ambrose as the leading logistics developer in the regions where we operate. You are dedicated to developing an efficient delivery strategy for speculative development projects in various markets with consistently high standards for quality, schedule, safety, cost, and customer service.

What You Will Do:

Land:

• In conjunction with the appropriate Market Officer, evaluate constructability and feasibility for Company land pursuits.
• Identify and manage strategic regional partners for civil design, architectural design, general contracting, etc. to support feasibility analysis, due diligence, and underwriting, leading to the acquisition of strategic land positions.
• Evaluate municipal and utility requirements for service availability, permitting and entitlement timing, delivery cost and applicable fees.

Preconstruction - Speculative Development:

• Lead the Company’s growing development operations group including mentoring of associates, support of team recruitment efforts, etc.
• Lead schematic budgeting for construction cost input in support of underwriting efforts with consideration for seasonal impacts and construction means and methods specific to the region.
• Create preconstruction and development milestone schedules with input from appropriate design, municipality, and general contracting resources.
• Create and monitor predevelopment spend schedules including consultants, design, permitting, etc.
• Interface with the appropriate Market Officer for building accurate proformas for future projects.
• Provide leadership for general contractor procurement in alignment with Company objectives for driving value, partnership, and contract risk mitigation strategies.

Construction Execution – Speculative Development:

• Develop a systematic process for internal construction status reporting and sharing of key performance metrics and critical issues with the Ambrose executive team.
• Review and approve monthly contractor and consultant invoices, change orders, etc. Evaluate project financial performance including status of cost exposures, buyout savings, contingency, allowances, etc.
• Monitor project schedule performance against baseline schedules, tenant commitments, etc.
• Support the RFP process by quickly leading the production of cost estimates, schedules, and technical responses in alignment with client needs for tenant improvement specs.
• Support Company lease negotiation efforts by reviewing and providing input on design and construction delivery requirements, technical specifications, procurement needs, and other typical work letter and development agreement matters.
• Provide regular input, informed by current tenant requirement trends and regional market standards, on the design criteria for Ambrose speculative buildings with the goal of continuous improvement.
• Work closely with internal and external marketing team to provide accurate and current technical data.

Project Turnover and Closeout:

• Monitor the project closeout process and oversite of construction teams to ensure timely and efficient punch list documentation.
• Verify satisfaction of all substantial completion requirements for municipal / AHJ approvals and lease commencement.
• Ensure proper filing of close-out documents for repeatable retrieval in the event of future dispositions or recapitalizations.

What You Bring:

• 10+ years in industrial, ecommerce, or logistics real estate.
• You have experience leading fast moving teams. You have a regional or national developer or REIT background (preferred)
• You have broad understanding of commercial real estate development from planning to construction and turnover.

• You hold a BS degree in construction management, engineering, or real estate. Additional education including JD, MS, or MBA is beneficial
• You are a broad minded, hands-on, self-motivated, leader capable of supporting Ambrose’s business expansion in a manner aligned with the Company’s vision, mission, goals, and culture.

• You have the leadership skills to operate effectively in a matrixed organization and lead an efficient internal team., along with external teams including consultants and contractors.
• You have excellent organizational, interpersonal, writing and communication skills.
• You have the ability to travel frequently/based on business needs

About Ambrose: At Ambrose, we promote entrepreneurialism, innovation and a client-first mentality. As a leading developer and investor in the fast-moving world of logistics and e-commerce real estate, our team is executing on some of the most exciting speculative and build-to-suit projects across the Midwest. With investments totaling over $500 million in 2021, Ambrose is raising the bar in project execution and setting a new standard in real estate. We are actively looking for driven individuals to join our growing team.

About the Role: As Development Manager, you are responsible for the execution of land development, vertical construction projects, and providing support for acquisition and dispositions. You will work closely with the development EVP, VP and other development leaders to support Ambrose’s efforts in achieving perfect execution of speculative and build-to-suit industrial and logistics projects.

What You Will Do:

Land:

• Identification, due diligence, underwriting and acquisition of strategic land positions.
• Oversight of consultants for survey, geotechnical review, environmental, legal, zoning, permitting, etc.
• Review survey / title information, easements, environmental data, zoning, governing agency requirements, utilities, etc.
• Lead the creation and documentation of easements and CC&Rs.
• Interaction with municipal staff during entitlement process for zoning, plan commission approvals, and entitlements.

Development:

• Oversight of third-party preconstruction and design personnel.
• Creation of predevelopment cost budgets and schedules.
• Support Ambrose team during RFP response and lease negotiation process, including site plan design work and building layouts, updating underwriting, and RFP document drafting.
• Monitor and report on the status of design and preconstruction schedule, budgets and scope against approved plan and proforma.

Construction:

• Manage schedule, cost, change order review.
• Review monthly development draws and submit with approval recommendation.
• Report on project status including schedule performance, contingency usage, quality issues, allowance status, and change orders.
• Establish new utility connections and accounts, including communications and fire alarm monitoring for new building.
• Coordinate early access for tenant fixturing to ensure a smooth transition for lease commencement.

• Participate in turnover process to property management personnel internally or third-party.
• Assist in the acquisition and disposition process primarily in due diligence matters.

Asset Management:

• Assist in the acquisition and disposition process primarily in due diligence matters.

What You Bring:

Education: BS degree in engineering, architecture, construction management, finance, and / or real estate. Additional education including JD, MS engineering, or MBA beneficial

Experience: 5+ years in commercial real estate development field. Industrial or ecommerce preferred.

About Ambrose: At Ambrose, we promote entrepreneurialism, innovation, and a client-first mentality. As a leading developer and investor in the fast-moving world of logistics and e-commerce real estate, our team is executing on some of the most exciting speculative and build-to-suit projects across the Midwest. With investments totaling over $500 million in 2021, Ambrose is raising the bar in project execution and setting a new standard in real estate. We are actively looking for driven individuals to join our growing team.

About the Role: The Vice President Development & Indiana Market Officer role is responsible to lead the company’s efforts in the Indiana region. The Vice President is a broad minded, hands-on, self-motivated, leader capable of expanding on Ambrose’s business in a manner aligned with the Company’s vision, mission, goals, and culture. This role is dedicated to developing a long-term land control strategy, managing the land entitlement process, executing on speculative development projects, managing broker relationships, and positioning Ambrose as the leading logistics developer in the region.

What You Will Do:

1. Land:
   1. Manage company land holdings to successfully develop for today and plan for the future.
   2. Identify and manage feasibility analysis, due diligence, underwriting, leading to the acquisition of strategic land positions.
   3. Manage relationships with land owners and municipalities for longer term land positions.
2. Speculative Development:
   1. Determine timing, pace, and building characteristics for speculative development.
   2. Oversee the preconstruction and design process to balance timely developments starts and cash management.
   3. Manage predevelopment budgets.
   4. Accurately build proformas for future projects and present project concepts and business plans to the investment committee.
   5. Remain informed of construction progress including schedule, cost, change order review, etc.
   6. Communicate project issues early and accurately to Ambrose executive team.
   7. Approve and understand monthly draws.
   8. Respond to RFPs to quickly and effectively meet client needs including working with project managers to price, design, and value engineer tenant improvements specs.
   9. Work closely with internal and external marketing team to coordinate crisp and current marketing collateral and communications strategy
3. Portfolio Management:
   1. Represent Ambrose as the market leader for current and future tenants.
   2. Coordinate disposition process with asset management team.
4. Acquisitions:
   1. Follow market acquisition opportunities to seek out value add or distressed acquisitions.
   2. Manage due diligence, underwriting process, and business case creation for investments.
5. Broker Relationships:
   1. Networking with brokerage community for market intelligence gathering and relationship management.
   2. Manage listing broker team and drive accountability for data reporting, efficient communication, and proactive marketing plan.
   3. Maintain close relationships to get the first call on new opportunities.
   4. Plan periodic, unique, and effective broker events.

What You Bring:

1. Broad understanding of commercial real estate from visionary land identification through sales and marketing.
2. Leadership skills to operate effectively in a matrixed organization.
3. Effective interpersonal skills to lead external teams including vendors, contractors, and brokers.
4. Excellent organizational, interpersonal, writing and communication skills.

Education: BS degree in economics, finance, engineering, and / or real estate. Additional education including JD, MS, or MBA beneficial.

Experience: 10+ years in industrial, ecommerce, or logistics real estate. Experience leading fast moving teams. Regional or national developer or REIT background preferred.

About Ambrose: At Ambrose, we promote entrepreneurialism, innovation, and a client-first mentality. As a leading developer and investor in the fast-moving world of logistics and e-commerce real estate, our team is executing on some of the most exciting speculative and build-to-suit projects across the Midwest. With investments totaling over $500 million in 2021, Ambrose is raising the bar in project execution and setting a new standard in real estate. We are actively looking for driven individuals to join our growing team.

About The Role: The Vice President Legal role is responsible for leading and managing the Company’s legal efforts, including both managing outside law firms and performing hands on legal work. The Vice President is a broad minded, hands-on, self-motivated, leader capable of organizing the Company’s legal work, mitigating and communicating risks to Company executives, and managing legal spend across various outside law firms.

What You Will Do:

1. Managing Outside Law Firms:
   1. Manage various outside law firms including transaction teams, outside general counsel, litigation support, and estate planning groups.
   2. Optimize spend to ensure that there is a positive return on legal investments.
   3. Design process and procedure for the engagement of outside firms.
   4. Negotiate and manage billing rates, invoices, and firm selection.
2. Performing Legal Services:
   1. Draft, edit, and negotiate legal documents including purchase and sale agreements, operating agreements, loan documents, development agreements, construction contracts, leases, CC&Rs, etc.
   2. Approach negotiations with a “win-win” perspective to quickly come to agreement.
3. Risk Mitigation and Analysis:
   1. Structure transactions to mitigate risks and clearly communicate those risks to the executive team.
   2. Understand of insurance requirements of real estate firms.
   3. Participate in annual insurance renewal programs.
4. Corporate Organization:
   1. Manage the formation and documentation for various Ambrose legal entities.
   2. Update entity status as required.
   3. Maintain corporate org charts and communicate internally and with outside advisors.
   4. Understand structure implications for owners.
5. Various:
   1. Brief executive team on changes to real estate and tax laws that may impact the Company.

What You Bring:

1. Broad understanding of the legal aspects of commercial real estate.
2. Leadership skills to operate effectively in a matrixed organization.
3. Effective interpersonal skills to lead external teams including vendors, contractors, and brokers.
4. Excellent organizational, interpersonal, writing and communication skills.

Education: BS/BA in an applied field. Economics, finance, or real estate a plus. JD required.

Experience: Minimum 5 years of major law firm or internal counsel work at a commercial real estate firm.

Experience leading teams and negotiating complex legal transactions in a leadership role.

Work with regional developer and/or REITs preferred.