Ashley Capital acquires, develops, and redevelops commercial real estate, specializing in renovating distressed industrial and office properties. It also manages new business parks. The firm's portfolio includes approximately 22 million sq. ft. of industrial and office space in the eastern half of the US; tenants include Ford Motor Company, Fifth Third Bank, and DSC Logistics. Ashley Capital also provides real estate consulting services. Headquartered in New York, the company has regional offices in Atlanta, Chicago, Detroit, Grand Rapids, Michigan, and Norfolk, Virginia. Ashley Capital is owned by principals Rick Morton and Paul Rubacha, who co-founded the firm in 1984.