As a real estate investment trust (REIT), First Industrial Realty Trust is focused on the markets of North America. The company is headquartered in Chicago, Illinois and was incorporated in 1993. More than the number of properties of the company, the business is best known in the industry for the strong connection they have forged with their business partners.
The team of experts, who continue to run the company, is engaged with their 5-fold solutions: leasing, development, acquisition, disposition and sale leaseback. The company has worked with more than 2,000 customers in the industrial markets. They have taken on the challenging of offering the right property, at the right location, with the right facilities at the right price. First Industrial Realty is dedicated to doing what’s right, not just for their venture, but also for the success of their business partners.
The solutions offered by the company continue to fuel the success of their business partners. Part of their property portfolio is their 644 properties across the region that have a total space of more than 65.6 million square feet. The majority of these properties are suitable for leasing as distribution centers. 61% of the total assets of the company are created as facilities or centers where the delivery of products starts. Only 5% of its properties is converted into research and development facilities. The properties developed, owned and managed by the business can be tailored to the unique needs of their business partners. They remain equipped with creative ways to help their clients succeed.
As a REIT, First Industrial Realty Trust continues to be free from federal tax obligations. This tax benefit will continue to take effect for as long as the business continues to distribute at least 9% of its earnings back to their shareholders. Common shares of the company are marketed on the New York Stock Exchange, using the symbol FR.