Profile: First Industrial Realty Trust, Inc. (FR)

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Company is a self-administered and integrated real estate company, which owns, manages, acquires, sells, develops, and redevelops industrial real estate. As of December 31, 2008, its in-service portfolio consisted of 352 light industrial properties, 121 research and development (R&D)/flex properties, 152 bulk warehouse properties, 84 regional warehouse properties and 19 manufacturing properties containing approximately 60.6 million square feet of gross leasable area (GLA) located in 28 states in the United States and one province in Canada. Its in-service portfolio includes all properties other than developed, redeveloped and acquired properties that have not yet reached stabilized occupancy (defined as properties that are 90% leased).

The Company’s interests in its properties and land parcels are held through partnerships, corporations, and limited liability companies controlled, directly or indirectly, by the Company, including First Industrial, L.P (the Operating Partnership), of which it is the sole general partner with an approximate 88.5% ownership interest, as of December 31, 2008. During the year ended December 31, 2008, it acquired or placed in-service developments totaling 33 industrial properties and acquired several parcels of land. It also sold 114 industrial properties and several parcels of land. As of December 31, 2008, it owned 728 in-service industrial properties containing approximately 60.6 million square feet of GLA.