Industrial owner/developer Ashley Capital thinks for the long term - as an investor, the company manages its properties with a strict adherence to fiscal discipline and control. It also seeks submarkets with demand and less competition - a determination made at the company’s outset 2 decades ago. Finally, it recognizes that industrial properties afford owners a modest reinvestment model. The result? Revenues continue to steadily climb.
The company doesn’t rest on its laurels, however. Gauging the feasibility of every project against its business model, Ashley is adapting to the trend among industrial users for contiguous office space. Spec development - as long as it fits the company’s business model and stringent case-by-case evaluations - is growing as well. Most importantly, executive management recognizes that Ashley’s relatively small size (21.7 million square feet in 50 industrial and two office buildings) also presents the flexibility for compromise and negotiation. A more-generic approach to space needs - but with tenant buy-in - means renewals and/or new leases that are fast and efficient. And, that’s good for everyone.
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