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Ambient
Capital
Partners
Supply Chain Real Estate
We invest in mission-critical real estate across strategic supply chain markets, pairing an entrepreneurial approach with an institutional platform
AMBIENT CAPITAL PARTNERS
$600M+
Assets Under Management
45+
Properties Nationwide
10+
Strategic Markets
EST. 2018
Chicago, Illinois
OUR PERSPECTIVE
Supply Chain Real Estate
With IOS Focus
Ambient Capital is a real estate investment platform focused on supply chain real estate and Industrial Outdoor Storage (IOS), where well-located, functional assets are critical links in modern logistics networks.
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We combine institutional execution with a specialized operating strategy in low-coverage, high-flow-through IOS properties to target attractive risk-adjusted returns.
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Our asset management approach is hands-on from acquisition through execution, and we view tenants as long-term partners in creating resilient, high-performing real estate.
Massive Universe Of Space
Comparable in size to Class A warehouse stock, IOS remains fragmented and under-institutionalized, creating scalable acquisition opportunities.
Superior Fundamentals
Strong occupancy, limited new supply, and accelerating rent growth continue to support durable income and attractive pricing power.
Limited Competition
Operational complexity and fragmented ownership reduce investor depth and create mispricing opportunities for specialist operators.
Institutional Execution
Disciplined underwriting, data-led market selection, and active asset management form the core of our investment process.
TEAM
Meet the Team
Steve Azar
Partner | Co-founder
Ellie Perlin
Vice President
Patrick Hackett
Partner | Co-founder
Colin Pigott
Associate
Tom Kennedy
Associate
INVESTMENTS
Investment Criteria
STABALIZED INCOME
Core IOS
Leased facilities with attractive mark-to-market upside and durable tenant demand.
RETURN ACCELERATION
Value-Add IOS
Vacancy or capex-driven opportunities where active management can create outsized returns.
ENHANCED YIELD
Core-Plus IOS
Long-term leased assets with strong cash flow and high conviction market exposure.
SUPPLY CHAIN HUBS
Target Markets
Infill and transportation-oriented locations selected through a proprietary data-led process.
Risk Profile
The portfolio targets a blend of core, core-plus, and value-add IOS investments. Core and core-plus opportunities emphasize stable income with mark-to-market optionality, while value-add opportunities focus on vacancy resolution and selective capital programs.
Target Markets
Markets are selected through a rigorous analytical framework incorporating supply chain, economic, and real estate indicators. Priority is placed on infill and transportation-linked locations supporting mission-critical outdoor storage uses.
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