First Industrial 10-Q 28 Oct 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 27, 2016
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	FR
Entity Registrant Name	FIRST INDUSTRIAL REALTY TRUST INC
Entity Central Index Key	921,825
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		116,918,088
First Industrial, L.P.
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	FRFI
Entity Registrant Name	FIRST INDUSTRIAL LP
Entity Central Index Key	1,033,128
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding	0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Investment in Real Estate:
Land	$ 796,600	$ 745,912
Buildings and Improvements	2,499,284	2,511,737
Construction in Progress	68,155	36,319
Less: Accumulated Depreciation	(795,323)	(791,330)
Net Investment in Real Estate	2,568,716	2,502,638
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $0 and $1,171	0	2,510
Cash and Cash Equivalents	8,074	3,987
Restricted Cash	13,350	23,005
Tenant Accounts Receivable, Net	3,989	5,612
Deferred Rent Receivable, Net	66,252	62,335
Deferred Leasing Intangibles, Net	30,250	33,326
Prepaid Expenses and Other Assets, Net	76,932	76,395
Total Assets	2,767,563	2,709,808
Indebtedness:
Mortgage Loans Payable, Net	500,176	561,241
Senior Unsecured Notes, Net	204,945	364,457
Unsecured Term Loans, Net	456,471	455,970
Unsecured Credit Facility	163,500	52,500
Accounts Payable, Accrued Expenses and Other Liabilities	102,731	93,699
Deferred Leasing Intangibles, Net	10,748	11,841
Rents Received in Advance and Security Deposits	42,794	40,153
Dividends and Distributions Payable	23,357	14,812
Total Liabilities	1,504,722	1,594,673
Commitments and Contingencies	0	0
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:
Common Stock ($0.01 par value, 150,000,000 shares authorized and 116,918,088 and 111,027,225 shares issued and outstanding)	1,170	1,111
Additional Paid-in-Capital	1,883,315	1,756,415
Distributions in Excess of Accumulated Earnings	(643,327)	(674,759)
Accumulated Other Comprehensive Loss	(22,772)	(9,667)
Total First Industrial Realty Trust, Inc.’s Stockholders’ Equity	1,218,386	1,073,100
Noncontrolling Interest	44,455	42,035
Total Equity	1,262,841	1,115,135
Total Liabilities and Equity/Partners' Capital	2,767,563	2,709,808
First Industrial, L.P.
Investment in Real Estate:
Land	796,600	745,912
Buildings and Improvements	2,499,284	2,511,737
Construction in Progress	68,155	36,319
Less: Accumulated Depreciation	(795,323)	(791,330)
Net Investment in Real Estate	2,568,716	2,502,638
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $0 and $1,171	0	2,510
Cash and Cash Equivalents	8,074	3,987
Restricted Cash	13,350	23,005
Tenant Accounts Receivable, Net	3,989	5,612
Deferred Rent Receivable, Net	66,252	62,335
Deferred Leasing Intangibles, Net	30,250	33,326
Prepaid Expenses and Other Assets, Net	87,497	87,110
Total Assets	2,778,128	2,720,523
Indebtedness:
Mortgage Loans Payable, Net	500,176	561,241
Senior Unsecured Notes, Net	204,945	364,457
Unsecured Term Loans, Net	456,471	455,970
Unsecured Credit Facility	163,500	52,500
Accounts Payable, Accrued Expenses and Other Liabilities	102,731	93,699
Deferred Leasing Intangibles, Net	10,748	11,841
Rents Received in Advance and Security Deposits	42,794	40,153
Dividends and Distributions Payable	23,357	14,812
Total Liabilities	1,504,722	1,594,673
Commitments and Contingencies	0	0
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:
General Partner Units (116,918,088 and 111,027,225 units outstanding)	1,214,796	1,054,028
Limited Partners Units (4,229,033 and 4,305,707 units outstanding)	81,149	80,769
Accumulated Other Comprehensive Loss	(23,597)	(10,043)
Total First Industrial L.P.'s Partners’ Capital	1,272,348	1,124,754
Noncontrolling Interest	1,058	1,096
Total Partners’ Capital	1,273,406	1,125,850
Total Liabilities and Equity/Partners' Capital	$ 2,778,128	$ 2,720,523

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization	$ 0	$ 1,171
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	150,000,000	150,000,000
Common Stock, shares issued	116,918,088	111,027,225
Common Stock, shares outstanding	116,918,088	111,027,225
First Industrial, L.P.
Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization	$ 0	$ 1,171
General Partner Units, units outstanding	116,918,088	111,027,225
Limited Partner Units, units outstanding	4,229,033	4,305,707

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Rental Income	$ 72,092	$ 71,148	$ 216,115	$ 209,244
Tenant Recoveries and Other Income	21,470	21,011	63,929	63,370
Total Revenues	93,562	92,159	280,044	272,614
Expenses:
Property Expenses	27,539	28,044	82,781	85,662
General and Administrative	5,983	5,900	20,090	19,026
Acquisition Costs	119	45	338	364
Impairment of Real Estate	0	626	0	626
Depreciation and Other Amortization	28,815	28,589	88,668	84,939
Total Expenses	62,456	63,204	191,877	190,617
Other Income (Expense):
Gain on Sale of Real Estate	16,802	2,957	60,828	13,084
Interest Expense	(14,407)	(16,674)	(45,255)	(49,679)
Amortization of Deferred Financing Costs	(782)	(781)	(2,437)	(2,291)
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements	0	0	0	(11,546)
Total Other Income (Expense)	1,613	(14,498)	13,136	(50,432)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax (Provision) Benefit	32,719	14,457	101,303	31,565
Equity in (Loss) Income of Joint Ventures	0	(6)	0	61
Income Tax (Provision) Benefit	(51)	14	(232)	(127)
Net Income	32,668	14,465	101,071	31,499
Less: Net Income Attributable to the Noncontrolling Interest	(1,149)	(548)	(3,635)	(1,197)
Net Income Available to Common Stockholders/Unitholders and Participating Securities	$ 31,519	$ 13,917	$ 97,436	$ 30,302
Basic Earnings Per Share / Unit:
Net Income Available to Common Stockholders/Unitholders	$ 0.27	$ 0.13	$ 0.85	$ 0.27
Diluted Earnings Per Share / Unit:
Net Income Available to Common Stockholders/Unitholders	0.27	0.13	0.85	0.27
Dividends/Distributions Per Share/Unit	$ 0.19	$ 0.1275	$ 0.57	$ 0.3825
Weighted Average Shares/Units Outstanding - Basic	116,467	110,356	114,491	110,338
Weighted Average Shares/Units Outstanding - Diluted	116,864	110,848	114,809	110,735
First Industrial, L.P.
Revenues:
Rental Income	$ 72,092	$ 71,148	$ 216,115	$ 209,244
Tenant Recoveries and Other Income	21,470	21,011	63,929	63,370
Total Revenues	93,562	92,159	280,044	272,614
Expenses:
Property Expenses	27,539	28,044	82,781	85,662
General and Administrative	5,983	5,900	20,090	18,911
Acquisition Costs	119	45	338	364
Impairment of Real Estate	0	626	0	626
Depreciation and Other Amortization	28,815	28,589	88,668	84,939
Total Expenses	62,456	63,204	191,877	190,502
Other Income (Expense):
Gain on Sale of Real Estate	16,802	2,957	60,828	13,084
Interest Expense	(14,407)	(16,674)	(45,255)	(49,679)
Amortization of Deferred Financing Costs	(782)	(781)	(2,437)	(2,291)
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements	0	0	0	(11,546)
Total Other Income (Expense)	1,613	(14,498)	13,136	(50,432)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax (Provision) Benefit	32,719	14,457	101,303	31,680
Equity in (Loss) Income of Joint Ventures	0	(6)	0	61
Income Tax (Provision) Benefit	(51)	14	(232)	(127)
Net Income	32,668	14,465	101,071	31,614
Less: Net Income Attributable to the Noncontrolling Interest	(38)	(27)	(112)	(75)
Net Income Available to Common Stockholders/Unitholders and Participating Securities	$ 32,630	$ 14,438	$ 100,959	$ 31,539
Basic Earnings Per Share / Unit:
Net Income Available to Common Stockholders/Unitholders	$ 0.27	$ 0.13	$ 0.85	$ 0.27
Diluted Earnings Per Share / Unit:
Net Income Available to Common Stockholders/Unitholders	0.27	0.12	0.84	0.27
Dividends/Distributions Per Share/Unit	$ 0.19	$ 0.1275	$ 0.57	$ 0.3825
Weighted Average Shares/Units Outstanding - Basic	120,740	114,720	118,781	114,705
Weighted Average Shares/Units Outstanding - Diluted	121,137	115,212	119,099	115,102

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net Income	$ 32,668	$ 14,465	$ 101,071	$ 31,499
Mark-to-Market Gain (Loss) on Interest Rate Protection Agreements	3,768	(8,393)	(13,848)	(15,181)
Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 10)	0	0	0	12,990
Amortization of Interest Rate Protection Agreements	96	131	294	393
Foreign Currency Translation Adjustment	0	0	0	15
Comprehensive Income	36,532	6,203	87,517	29,716
Comprehensive Income Attributable to Noncontrolling Interest	(1,295)	(234)	(3,147)	(1,129)
Comprehensive Income Attributable to Common Stockholders / Unitholders	35,237	5,969	84,370	28,587
First Industrial, L.P.
Net Income	32,668	14,465	101,071	31,614
Mark-to-Market Gain (Loss) on Interest Rate Protection Agreements	3,768	(8,393)	(13,848)	(15,181)
Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 10)	0	0	0	12,990
Amortization of Interest Rate Protection Agreements	96	131	294	393
Foreign Currency Translation Adjustment	0	0	0	(26)
Comprehensive Income	36,532	6,203	87,517	29,790
Comprehensive Income Attributable to Noncontrolling Interest	(38)	(27)	(112)	(75)
Comprehensive Income Attributable to Common Stockholders / Unitholders	$ 36,494	$ 6,176	$ 87,405	$ 29,715

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY/ PARTNER'S CAPITAL - 9 months ended Sep. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in- Capital	Distributions in Excess of Accumulated Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest	First Industrial, L.P.	First Industrial, L.P.General Partner Units	First Industrial, L.P.Limited Partner Units	First Industrial, L.P.Accumulated Other Comprehensive Loss	First Industrial, L.P.Noncontrolling Interest
Beginning Balance at Dec. 31, 2015	$ 1,115,135	$ 1,111	$ 1,756,415	$ (674,759)	$ (9,667)	$ 42,035
Beginning Balance at Dec. 31, 2015							$ 1,125,850	$ 1,054,028	$ 80,769	$ (10,043)	$ 1,096
Increase (Decrease) in Stockholders' Equity / Partners' Capital [Roll Forward]
Issuance of Common Stock / Contribution of General Partner Units, Net of Issuance Costs	124,584	56	124,528				124,584	124,584
Stock Based Compensation Activity	3,828	2	4,043	(217)
Stock Based Compensation Activity							3,828	3,828
Conversion of Limited Partner Units to Common Stock/General Partner Units	0	1	818			(819)	0	819	(819)
Reallocation—Additional Paid in Capital	0		(2,489)			2,489
Common Stock Dividends and Unit Distributions	(68,223)			(65,787)		(2,436)
Unit Distributions							(68,223)	(65,787)	(2,436)
Contributions from Noncontrolling Interest							114				114
Distributions to Noncontrolling Interest						(2,436)	(264)				(264)
Net Income	101,071			97,436		3,635	101,071	97,324	3,635		112
Other Comprehensive Loss	(13,554)				(13,105)	(449)	(13,554)			(13,554)
Ending Balance at Sep. 30, 2016	$ 1,262,841	$ 1,170	$ 1,883,315	$ (643,327)	$ (22,772)	$ 44,455
Ending Balance at Sep. 30, 2016							$ 1,273,406	$ 1,214,796	$ 81,149	$ (23,597)	$ 1,058

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 101,071	$ 31,499
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	72,317	69,592
Amortization of Deferred Financing Costs	2,437	2,291
Other Amortization, including Stock Based Compensation	21,699	21,205
Impairment of Real Estate	0	626
Provision for Bad Debt	567	748
Equity in Income of Joint Ventures	0	(61)
Gain on Sale of Real Estate	(60,828)	(13,084)
Mark-to-Market Loss on Interest Rate Protection Agreements	0	11,546
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net	(2,830)	(3,897)
Increase in Deferred Rent Receivable	(5,121)	(5,325)
(Decrease) Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits	(1,545)	5,550
Payments of Discounts Associated with Retirement of Debt	(554)	0
Net Cash Provided by Operating Activities	127,213	120,690
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of Real Estate	(95,157)	(73,179)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs	(117,630)	(100,799)
Net Proceeds from Sales of Investments in Real Estate	133,602	48,393
Contributions to and Investments in Joint Ventures	0	(200)
Distributions from Joint Ventures	0	126
Settlement of Interest Rate Protection Agreements	0	(11,546)
Repayments of Notes Receivable	43	2,760
Decrease (Increase) in Escrows	11,051	(1,619)
Net Cash Used in Investing Activities	(68,091)	(136,064)
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing and Equity Issuance Costs	(375)	(4,882)
Proceeds from Issuance of Common Stock / Contribution of General Partner Units	124,936	0
Repurchase and Retirement of Restricted Stock/Units	(5,242)	(2,101)
Common Stock Dividends and Unit Distributions Paid	(59,678)	(41,136)
Repayments on Mortgage Loans Payable	(66,551)	(9,054)
Repayments of Senior Unsecured Notes	(159,125)	0
Proceeds from Unsecured Term Loans	0	260,000
Proceeds from Unsecured Credit Facility	397,000	210,000
Repayments on Unsecured Credit Facility	(286,000)	(340,000)
Net Cash (Used in) Provided by Financing Activities	(55,035)	72,827
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	(14)
Net Increase in Cash and Cash Equivalents	4,087	57,453
Cash and Cash Equivalents, Beginning of Year	3,987	9,500
Cash and Cash Equivalents, End of Year	8,074	66,939
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:
Interest Expense Capitalized in Connection with Development Activity	2,279	1,685
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Dividends and Distributions Payable	23,357
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock/General Partner Units	0	0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate	5,227	608
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate	28,788	20,355
Write-off of Fully Depreciated Assets	(34,360)	(28,609)
Noncontrolling Interest
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	3,635
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock/General Partner Units	(819)	(106)
Common Stock
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock/General Partner Units	1	0
Additional Paid-in- Capital
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock/General Partner Units	818	106
Common Stock
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Dividends and Distributions Payable	23,357	15,096
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock/General Partner Units	819	106
First Industrial, L.P.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	101,071	31,614
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	72,317	69,592
Amortization of Deferred Financing Costs	2,437	2,291
Other Amortization, including Stock Based Compensation	21,699	21,205
Impairment of Real Estate	0	626
Provision for Bad Debt	567	748
Equity in Income of Joint Ventures	0	(61)
Gain on Sale of Real Estate	(60,828)	(13,084)
Mark-to-Market Loss on Interest Rate Protection Agreements	0	11,546
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net	(2,680)	(3,982)
Increase in Deferred Rent Receivable	(5,121)	(5,325)
(Decrease) Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits	(1,545)	5,559
Payments of Discounts Associated with Retirement of Debt	(554)	0
Net Cash Provided by Operating Activities	127,363	120,729
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of Real Estate	(95,157)	(73,179)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs	(117,630)	(100,799)
Net Proceeds from Sales of Investments in Real Estate	133,602	48,393
Contributions to and Investments in Joint Ventures	0	(200)
Distributions from Joint Ventures	0	126
Settlement of Interest Rate Protection Agreements	0	(11,546)
Repayments of Notes Receivable	43	2,760
Decrease (Increase) in Escrows	11,051	(1,619)
Net Cash Used in Investing Activities	(68,091)	(136,064)
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing and Equity Issuance Costs	(375)	(4,882)
Proceeds from Issuance of Common Stock / Contribution of General Partner Units	124,936	0
Repurchase and Retirement of Restricted Stock/Units	(5,242)	(2,101)
Common Stock Dividends and Unit Distributions Paid	(59,678)	(41,136)
Contributions from Noncontrolling Interests	114	61
Distributions to Noncontrolling Interests	(264)	(85)
Repayments on Mortgage Loans Payable	(66,551)	(9,054)
Repayments of Senior Unsecured Notes	(159,125)	0
Proceeds from Unsecured Term Loans	0	260,000
Proceeds from Unsecured Credit Facility	397,000	210,000
Repayments on Unsecured Credit Facility	(286,000)	(340,000)
Net Cash (Used in) Provided by Financing Activities	(55,185)	72,803
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	(14)
Net Increase in Cash and Cash Equivalents	4,087	57,468
Cash and Cash Equivalents, Beginning of Year	3,987	9,485
Cash and Cash Equivalents, End of Year	8,074	66,939
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:
Interest Expense Capitalized in Connection with Development Activity	2,279	1,685
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Dividends and Distributions Payable	23,357
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock/General Partner Units	0	0
Assumption of Indebtedness and Other Liabilities in Connection with the Acquisition of Real Estate	5,227	608
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate	28,788	20,355
Write-off of Fully Depreciated Assets	(34,360)	(28,609)
First Industrial, L.P. | Limited Partner Units
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	3,635
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock/General Partner Units	(819)	(106)
First Industrial, L.P. | General Partner Units
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	97,324
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock/General Partner Units	819	106
First Industrial, L.P. | Common Stock
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Dividends and Distributions Payable	$ 23,357	$ 15,096

Organization

Organization	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization First Industrial Realty Trust, Inc. (the "Company") is a self-administered and fully integrated real estate company which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company is a Maryland corporation organized on August 10, 1993 and a real estate investment trust ("REIT") as defined in the Internal Revenue Code of 1986 (the "Code"). Unless stated otherwise or the context otherwise requires, the terms "we," "our" and "us" refer to the Company and its subsidiaries, including its operating partnership, First Industrial, L.P. (the "Operating Partnership"), and its consolidated subsidiaries. We began operations on July 1, 1994. The Company's operations are conducted primarily through the Operating Partnership, of which the Company is the sole general partner (the "General Partner"), with an approximate 96.5% ownership interest ("General Partner Units") at September 30, 2016. The Operating Partnership also conducts operations through eight other limited partnerships (the "Other Real Estate Partnerships"), numerous limited liability companies ("LLCs") and certain taxable REIT subsidiaries ("TRSs"), the operating data of which, together with that of the Operating Partnership, is consolidated with that of the Company as presented herein. The Operating Partnership holds at least a 99% limited partnership interest in each of the Other Real Estate Partnerships. The general partners of the Other Real Estate Partnerships are separate corporations, wholly-owned by the Company, each with at least a .01% general partnership interest in the Other Real Estate Partnerships. The Company does not have any significant assets or liabilities other than its investment in the Operating Partnership and its 100% ownership interest in the general partners of the Other Real Estate Partnerships. Noncontrolling interest in the Operating Partnership of approximately 3.5% at September 30, 2016 represents the aggregate partnership interest held by the limited partners thereof ("Limited Partner Units" and together with the General Partner Units, the "Units"). Profits, losses and distributions of the Operating Partnership, the LLCs, the Other Real Estate Partnerships and the TRSs are allocated to the general partner and the limited partners, the members or the shareholders, as applicable, of such entities in accordance with the provisions contained within their respective organizational documents. As of September 30, 2016, we owned 545 industrial properties located in 24 states, containing an aggregate of approximately 62.4 million square feet of gross leasable area ("GLA"). Of the 545 properties owned on a consolidated basis, none of them are directly owned by the Company.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the accounting policies described in the consolidated financial statements and related notes included in our annual report on Form 10-K for the year ended December 31, 2015 ("2015 Form 10-K") and should be read in conjunction with such consolidated financial statements and related notes. The 2015 year end consolidated balance sheet data included in this Form 10-Q filing was derived from the audited consolidated financial statements in our 2015 Form 10-K, but does not include all disclosures required by accounting principles generally accepted in the United States of America ("GAAP"). The following notes to these interim consolidated financial statements highlight significant changes to the notes included in the December 31, 2015 audited consolidated financial statements included in our 2015 Form 10-K and present interim disclosures as required by the Securities and Exchange Commission ("SEC"). Use of Estimates In order to conform with GAAP, in preparation of our consolidated financial statements we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of September 30, 2016 and December 31, 2015, and the reported amounts of revenues and expenses for the three and nine months ended September 30, 2016 and 2015. Actual results could differ from those estimates. In our opinion, the accompanying unaudited interim consolidated financial statements reflect all adjustments necessary for a fair statement of our financial position as of September 30, 2016 and December 31, 2015, the results of our operations and comprehensive income for each of the three and nine months ended September 30, 2016 and 2015, and our cash flows for each of the nine months ended September 30, 2016 and 2015; all adjustments are of a normal recurring nature. Reclassifications Interest income, which was included in other income and expense on the consolidated statement of operations for the three and nine months ended September 30, 2015, has been reclassified to be included in tenant recoveries and other income to conform to the presentation of the same data as reported for the nine months ended September 30, 2016. Deferred Financing Costs Effective January 1, 2016, we adopted Accounting Standards Update ("ASU") No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which amended the presentation of debt issuance costs on a consolidated balance sheet. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, instead of as an asset. The recognition and measurement guidance for debt issuance costs are not affected by this update. Debt issuance costs related to revolving credit agreements are not within the scope of this new guidance. The Financial Accounting Standards Board ("FASB") issued ASU No. 2015-15,"Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements" ("ASU 2015-15"), which expanded upon ASU 2015-03. ASU 2015-15 stated that given the absence of authoritative guidance within 2015-03, the SEC staff would not object to deferring and presenting debt issuance costs as an asset for revolving credit agreements and subsequently amortizing the deferred issuance costs ratably over the term of the arrangement, regardless of whether there are any outstanding borrowings on the revolving credit agreement. The adoption of ASU 2015-03 was applied retrospectively. See Note 4 for more information about the reclassification of our debt issuance costs. The debt issuance costs related to our unsecured credit facility (the "Unsecured Credit Facility") remain classified as an asset and are included in prepaid expenses and other assets, net on the consolidated balance sheets. Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 requires entities to recognize revenue when they transfer promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those good or services. For the real estate industry, leasing transactions are not within the scope of the new standard. A majority of our tenant-related revenue is recognized pursuant to lease agreements. The FASB has subsequently issued several additional ASUs to clarify the implementation guidance on principal versus agent considerations, identifying performance obligations, assessing collectability, presentation of sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications and completed contracts at transition. These ASUs are effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted for annual periods beginning after December 15, 2016. We are currently evaluating the impact of the adoption of these ASUs on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, "Leases" ("ASU 2016-02"), which amends the existing accounting standards for lease accounting and sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract. ASU 2016-02 requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. Lessors are required to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASU 2016-02 also requires that lessors expense certain initial direct costs, which are capitalizable under existing leasing standards, as incurred. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within that reporting period. Early application is permitted. ASU 2016-02 requires the use of a modified retrospective approach for all leases existing at, or entered into after, the beginning of the earliest period presented in the consolidated financial statements, with certain practical expedients available. We are currently evaluating the impact of the adoption of ASU 2016-02 on our consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"). ASU 2016-09 intends to simplify several aspects of the accounting for share-based payment transactions, including the accounting for income taxes, the classification of certain items on the statement of cash flows, statutory tax withholding requirements and the accounting for forfeitures. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is permitted. The adoption of ASU 2016-09 is not expected to impact our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” ("ASU 2016-15"). ASU 2016-15 addresses eight specific cash flow issues and intends to reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted. We are currently evaluating the impact of the adoption of ASU 2016-15 on our consolidated statement of cash flows.

Investment in Real Estate

Investment in Real Estate	9 Months Ended
	Sep. 30, 2016
Real Estate [Abstract]
Investment in Real Estate	Investment in Real Estate Acquisitions During the nine months ended September 30, 2016, we acquired four industrial properties comprising approximately 0.5 million square feet of GLA and several land parcels. The purchase price of these acquisitions totaled approximately $98,625 , excluding costs incurred in conjunction with the acquisition of the industrial properties and land parcels. The revenue and net income associated with the acquisition of the industrial properties, since their respective acquisition dates, are not significant for the nine months ended September 30, 2016. The following table summarizes the fair value of amounts recognized for each major class of asset and liability for the industrial properties and land parcels acquired during the nine months ended September 30, 2016: Purchase Price Weighted Average Life (in Months) Land $ 66,803 N/A Building and Improvements 29,303 (A) Other Assets 495 (B) In-Place Leases 2,356 88 Above Market Leases 197 32 Assumed Mortgage Loan Premium (See Note 4) (529 ) 44 Total Purchase Price $ 98,625 Assumed Mortgage Loan (See Note 4) (4,513 ) Total Net Assets Acquired $ 94,112 (A) See Note 2 to the consolidated financial statements in our 2015 Form 10-K for the disclosure of useful lives of our Investment in Real Estate and our Depreciation policy. (B) Represents leasing commissions, which are included in prepaid expenses and other assets, net on the consolidated balance sheets and amortized over the remaining term of each lease. Sales During the nine months ended September 30, 2016, we sold 50 industrial properties comprising approximately 2.6 million square feet of GLA. Gross proceeds from the sales of these industrial properties were approximately $138,970 . The gain on sale of real estate was approximately $60,828 .

Indebtedness

Indebtedness	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Indebtedness	Indebtedness The following table discloses certain information regarding our indebtedness: Outstanding Balance at Interest Rate at September 30, 2016 Effective Interest Rate at Issuance Maturity Date September 30, 2016 December 31, 2015 Mortgage Loans Payable, Gross $ 502,853 $ 564,891 4.03% – 8.26% 3.82% – 8.26% June 2018 – September 2022 Unamortized Deferred Financing Costs (3,145 ) (3,714 ) Unamortized Premiums 468 64 Mortgage Loans Payable, Net $ 500,176 $ 561,241 Senior Unsecured Notes, Gross 2016 Notes $ — $ 159,679 N/A N/A 1/15/2016 2017 Notes 54,981 54,981 7.50% 7.52% 12/1/2017 2027 Notes 6,070 6,070 7.15% 7.11% 5/15/2027 2028 Notes 31,901 31,901 7.60% 8.13% 7/15/2028 2032 Notes 10,600 10,600 7.75% 7.87% 4/15/2032 2017 II Notes 101,871 101,871 5.95% 6.37% 5/15/2017 Subtotal $ 205,423 $ 365,102 Unamortized Deferred Financing Costs (363 ) (499 ) Unamortized Discounts (115 ) (146 ) Senior Unsecured Notes, Net $ 204,945 $ 364,457 Unsecured Term Loans, Gross 2014 Unsecured Term Loan (A) $ 200,000 $ 200,000 3.99% N/A 1/29/2021 2015 Unsecured Term Loan (A) 260,000 260,000 3.39% N/A 9/12/2022 Subtotal $ 460,000 $ 460,000 Unamortized Deferred Financing Costs (3,529 ) (4,030 ) Unsecured Term Loans, Net $ 456,471 $ 455,970 Unsecured Credit Facility (B) $ 163,500 $ 52,500 1.67% N/A 3/11/2019 (A) The interest rate at September 30, 2016 reflects the interest rate protection agreements we entered into to effectively convert the variable rate to a fixed rate. See Note 10. (B) The maturity date may be extended an additional year at our election, subject to certain restrictions. Amounts exclude unamortized deferred financing costs of $3,208 and $4,204 as of September 30, 2016 and December 31, 2015, respectively, which are included in prepaid expenses and other assets, net on the consolidated balance sheets. Mortgage Loans Payable, Net During the nine months ended September 30, 2016, we assumed a mortgage loan in the amount of $4,513 in conjunction with the acquisition of one industrial property, totaling approximately 0.1 million square feet of GLA. The mortgage loan bears interest at a fixed rate of 7.35% , principal payments are amortized over 25 years and the loan matures in September 2019. In conjunction with the assumption of the mortgage loan, we recorded a premium in the amount of $529 , which will be amortized as an adjustment to interest expense through maturity. Additionally, during the nine months ended September 30, 2016, we paid off a mortgage loan in the amount of $57,901 . As of September 30, 2016, mortgage loans payable are collateralized, and in some instances cross-collateralized, by industrial properties with a net carrying value of $666,033 . We believe the Operating Partnership and the Company were in compliance with all covenants relating to mortgage loans as of September 30, 2016. Senior Unsecured Notes, Net During the nine months ended September 30, 2016, we paid off and retired our 2016 Notes (as described in the table above), at maturity, in the amount of $159,679 . Indebtedness The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums, discounts and deferred financing costs, for the next five years as of September 30, and thereafter: Amount Remainder of 2016 $ 2,899 2017 168,849 2018 168,477 2019 244,061 2020 90,857 Thereafter 656,633 Total $ 1,331,776 The Unsecured Credit Facility, the Unsecured Term Loans (as defined in Note 10) and the indentures governing our senior unsecured notes contain certain financial covenants, including limitations on incurrence of debt and debt service coverage. Under the Unsecured Credit Facility and the Unsecured Term Loans, an event of default can occur if the lenders, in their good faith judgment, determine that a material adverse change has occurred which could prevent timely repayment or materially impair our ability to perform our obligations under the loan agreements. We believe that the Operating Partnership and the Company were in compliance with all covenants relating to the Unsecured Credit Facility, the Unsecured Term Loans and indentures governing our senior unsecured notes as of September 30, 2016. However, these financial covenants are complex and there can be no assurance that these provisions would not be interpreted by our lenders and noteholders in a manner that could impose and cause us to incur material costs. Fair Value At September 30, 2016 and December 31, 2015, the fair value of our indebtedness was as follows: September 30, 2016 December 31, 2015 Carrying Amount (A) Fair Value Carrying Amount (A) Fair Value Mortgage Loans Payable, Net $ 503,321 $ 531,215 $ 564,955 $ 595,964 Senior Unsecured Notes, Net 205,308 228,527 364,956 386,253 Unsecured Term Loans 460,000 458,541 460,000 460,970 Unsecured Credit Facility 163,500 163,500 52,500 52,500 Total $ 1,332,129 $ 1,381,783 $ 1,442,411 $ 1,495,687 (A) The carrying amounts include unamortized premiums and discounts and exclude unamortized deferred financing costs. The fair values of our mortgage loans payable were determined by discounting the future cash flows using the current rates at which similar loans would be made based upon similar remaining maturities. The current market rates we utilized were internally estimated. The fair value of the senior unsecured notes were determined by using rates, as advised by our bankers, that are based upon recent trades within the same series of the senior unsecured notes, recent trades for senior unsecured notes with comparable maturities, recent trades for fixed rate unsecured notes from companies with profiles similar to ours, as well as overall economic conditions. The fair value of the Unsecured Credit Facility and the Unsecured Term Loans was determined by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term, assuming no repayment until maturity. We have concluded that our determination of fair value for each of our mortgage loans payable, senior unsecured notes, the Unsecured Term Loans and the Unsecured Credit Facility was primarily based upon Level 3 inputs.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2016
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The Other Real Estate Partnerships are variable interest entities ("VIEs") of the Operating Partnership and the Operating Partnership is the primary beneficiary, thus causing the Other Real Estate Partnerships to be consolidated by the Operating Partnership. In addition, the Operating Partnership is a VIE of the Company and the Company is the primary beneficiary. The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets: September 30, 2016 December 31, 2015 ASSETS Assets: Net Investment in Real Estate $ 291,198 $ 306,866 Other Assets, Net 22,406 20,104 Total Assets $ 313,604 $ 326,970 LIABILITIES AND PARTNERS’ CAPITAL Liabilities: Mortgage Loans Payable, Net $ 70,734 $ 77,071 Other Liabilities, Net 32,221 43,103 Partners’ Capital 210,649 206,796 Total Liabilities and Partners’ Capital $ 313,604 $ 326,970

Stockholders_ Equity of the Com

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity of the Company and Partners' Capital of the Operating Partnership	Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership Issuance of Shares of Common Stock During the nine months ended September 30, 2016, the Company issued 5,600,000 shares of the Company's common stock in an underwritten public offering. Proceeds to the Company, net of the underwriter's discount, were $124,936 . The proceeds were contributed to the Operating Partnership in exchange for General Partner Units and will be reflected in the financial statements as a general partner contribution. Conversion of Limited Partner Units into Shares of Common Stock For the nine months ended September 30, 2016 and 2015, 76,674 and 11,012 Limited Partner Units, respectively, were converted into an equivalent number of shares of common stock of the Company, resulting in a reclassification of $819 and $106 , respectively, of noncontrolling interest to the Company’s stockholders’ equity. Noncontrolling Interest of the Company The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2016 and 2015: 2016 2015 Balance as of December 31 $ 42,035 $ 41,877 Net Income 3,635 1,197 Unit Distributions (2,436 ) (1,669 ) Other Comprehensive Loss (Including a Reallocation of $39 and $3) (449 ) (65 ) Conversion of Limited Partner Units to Common Stock (819 ) (106 ) Reallocation - Additional Paid-in-Capital 2,489 107 Balance as of September 30 $ 44,455 $ 41,341 Noncontrolling Interest of the Operating Partnership The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the nine months ended September 30, 2016 and 2015: 2016 2015 Balance as of December 31 $ 1,096 $ 1,080 Net Income 112 75 Contributions 114 61 Distributions (264 ) (85 ) Balance as of September 30 $ 1,058 $ 1,131 Dividends/Distributions During the nine months ended September 30, 2016, we declared $68,223 common stock dividends and Unit distributions.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated other comprehensive loss by component for the Company and the Operating Partnership for the nine months ended September 30, 2016: Interest Rate Protection Agreements Accumulated Other Comprehensive Loss of the Operating Partnership Comprehensive Loss Attributable to Noncontrolling Interest of the Company Accumulated Other Comprehensive Loss of the Company Balance as of December 31, 2015 $ (10,043 ) $ (10,043 ) $ 376 $ (9,667 ) Other Comprehensive Loss Before Reclassifications (19,273 ) (19,273 ) 449 (18,824 ) Amounts Reclassified from Accumulated Other Comprehensive Loss 5,719 5,719 — 5,719 Net Current Period Other Comprehensive Loss (13,554 ) (13,554 ) 449 (13,105 ) Balance as of September 30, 2016 $ (23,597 ) $ (23,597 ) $ 825 $ (22,772 ) The following table summarizes the reclassifications out of accumulated other comprehensive loss for both the Company and the Operating Partnership for the three and nine months ended September 30, 2016 and 2015: Amounts Reclassified from Accumulated Other Comprehensive Loss Details about Accumulated Other Comprehensive Loss Components Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Affected Line Items in the Consolidated Statements of Operations Interest Rate Protection Agreements: Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 10) $ — $ — $ — $ 12,990 Mark-to-Market Loss on Interest Rate Protection Agreements Amortization of Interest Rate Protection Agreements (Previously Settled) 96 131 294 393 Interest Expense Settlement Payments to our Counterparties 1,774 1,299 5,425 3,420 Interest Expense Total $ 1,870 $ 1,430 5,719 16,803 The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income (loss) and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $276 into net income by increasing interest expense for interest rate protection agreements we settled in previous periods. Additionally, recurring settlement amounts on the 2014 Swaps and 2015 Swaps (as defined in Note 10) will also be reclassified to net income. See Note 10 for more information about our derivatives.

Earnings Per Share _ Unit (EPS

Earnings Per Share / Unit (EPS / EPU)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share / Unit (EPS / EPU)	Earnings Per Share and Earnings Per Unit ("EPS"/"EPU") The computation of basic and diluted EPS of the Company is presented below: Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Numerator: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 31,519 $ 13,917 $ 97,436 $ 30,302 Net Income Allocable to Participating Securities (110 ) (50 ) (329 ) (141 ) Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 31,409 $ 13,867 $ 97,107 $ 30,161 Denominator (In Thousands): Weighted Average Shares - Basic 116,467 110,356 114,491 110,338 Effect of Dilutive Securities: LTIP Unit Awards (As Defined in Note 9) 397 492 318 397 Weighted Average Shares - Diluted 116,864 110,848 114,809 110,735 Basic EPS: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.27 $ 0.13 $ 0.85 $ 0.27 Diluted EPS: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.27 $ 0.13 $ 0.85 $ 0.27 The computation of basic and diluted EPU of the Operating Partnership is presented below: Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Numerator: Net Income Available to Unitholders and Participating Securities $ 32,630 $ 14,438 $ 100,959 $ 31,539 Net Income Allocable to Participating Securities (110 ) (50 ) (328 ) (141 ) Net Income Available to Unitholders $ 32,520 $ 14,388 $ 100,631 $ 31,398 Denominator (In Thousands): Weighted Average Units - Basic 120,740 114,720 118,781 114,705 Effect of Dilutive Securities that Result in the Issuance of General Partner Units: LTIP Unit Awards (As Defined in Note 9) 397 492 318 397 Weighted Average Units - Diluted 121,137 115,212 119,099 115,102 Basic EPU: Net Income Available to Unitholders $ 0.27 $ 0.13 $ 0.85 $ 0.27 Diluted EPU: Net Income Available to Unitholders $ 0.27 $ 0.12 $ 0.84 $ 0.27 Participating securities include 406,855 and 388,695 of unvested restricted stock or restricted Unit awards outstanding at September 30, 2016 and 2015, respectively, which participate in non-forfeitable distributions. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares or Units outstanding, based upon the greater of net income or common stock dividends or Unit distributions declared.

Benefit Plans

Benefit Plans	9 Months Ended
	Sep. 30, 2016
Share-based Compensation [Abstract]
Benefit Plans	Benefit Plans Restricted Stock or Restricted Unit Awards For the nine months ended September 30, 2016, the Company awarded 308,373 shares of restricted stock awards to certain employees, which had a fair value of $6,047 on the date such awards were approved by the Compensation Committee of the Board of Directors. These restricted stock awards were granted based upon the achievement of certain corporate performance goals and generally vest over a period of three years. Additionally, during the nine months ended September 30, 2016, the Company awarded 14,460 shares of restricted stock to non-employee members of the Board of Directors, which had a fair value of $350 on the date of approval. These restricted stock awards vest over a one -year period. The Operating Partnership issued restricted Unit awards to the Company in the same amount for both restricted stock awards. Compensation expense is charged to earnings over the vesting periods for the restricted stock or restricted Unit awards expected to vest except if the recipient is not required to provide future service in exchange for vesting of such restricted stock or restricted Unit awards. If vesting of a recipient's restricted stock or restricted Unit awards is not contingent upon future service, the expense is recognized immediately at the date of grant. During the nine months ended September 30, 2016 and 2015, we recognized $1,590 and $1,250 , respectively, of compensation expense related to restricted stock or restricted Unit awards granted to our Chief Executive Officer for which future service was not required. LTIP Unit Awards For the nine months ended September 30, 2016, the Company granted to certain employees 254,524 Long-Term Incentive Program ("LTIP") performance units ("LTIP Unit Awards"), which had a fair value of $2,561 on the grant date as determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation. The LTIP Unit Awards vest based upon the relative total shareholder return ("TSR") of the Company's common stock compared to the TSRs of the MSCI US REIT Index and the NAREIT Industrial Index. The TSR for the LTIP Unit Awards is calculated based on the performance period from January 1, 2016 through December 31, 2018. Compensation expense is charged to earnings on a straight-line basis over the performance period. At the end of the performance period each participant will be issued shares of the Company's common stock equal to the maximum shares issuable to the participant for the performance period multiplied by a percentage, ranging from 0% to 100% , based on the Company's TSR as compared to the TSRs of the MSCI US REIT Index and the NAREIT Industrial Index. The participant is also entitled to dividend equivalents for shares issued pursuant to vested LTIP Unit Awards. The dividend equivalents represent any common dividends that would have been paid with respect to such issued shares after the grant of the LTIP Unit Awards and prior to the date of settlement. The Operating Partnership issues General Partner Units to the Company in the same amounts for vested LTIP Unit Awards. Outstanding Restricted Stock or Restricted Unit Awards and LTIP Unit Awards We recognized $1,428 and $1,507 for the three months ended September 30, 2016 and 2015, and $5,898 and $5,574 for the nine months ended September 30, 2016 and 2015, respectively, in amortization related to restricted stock or restricted Unit awards and LTIP Unit Awards. Restricted stock or restricted Unit award and LTIP Unit Award amortization capitalized in connection with development activities was not significant. At September 30, 2016, we had $8,231 in unrecognized compensation related to unvested restricted stock or restricted Unit awards and LTIP Unit Awards. The weighted average period that the unrecognized compensation is expected to be recognized is 0.96 years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, we are involved in legal actions arising from the ownership of our industrial properties. In our opinion, the liabilities, if any, that may ultimately result from such legal actions are not expected to have a materially adverse effect on our consolidated financial position, operations or liquidity. In conjunction with the development of industrial properties, we have entered into agreements with general contractors for the construction of industrial properties. At September 30, 2016, we had six industrial properties totaling approximately 2.5 million square feet of GLA under construction. The estimated total investment as of September 30, 2016 is approximately $157,800 . Of this amount, approximately $94,400 remains to be funded. There can be no assurance that the actual completion cost will not exceed the estimated total investment.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Our objectives in using derivatives are to add stability to interest expense and to manage our cash flow volatility and exposure to interest rate movements. To accomplish this objective, we primarily use interest rate protection agreements as part of our interest rate risk management strategy. Interest rate protection agreements designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. In connection with the originations of the seven -year, $200,000 unsecured loan (the "2014 Unsecured Term Loan") and the seven -year, $260,000 unsecured loan (the "2015 Unsecured Term Loan" and together with the 2014 Unsecured Term Loan, the "Unsecured Term Loans") (See Note 4) , we entered into interest rate protection agreements to manage our exposure to changes in the one month LIBOR rate. The four interest rate protection agreements, which fix the variable rate of the 2014 Unsecured Term Loan, have an aggregate notional value of $200,000 , mature on January 29, 2021 and fix the LIBOR rate at a weighted average rate of 2.29% (the "2014 Swaps"). The six interest rate protection agreements, which fix the variable rate of the 2015 Unsecured Term Loan, have an aggregate notional value of $260,000 , mature on September 12, 2022 and fix the LIBOR rate at a weighted average rate of 1.79% (the "2015 Swaps"). We designated the 2014 Swaps and 2015 Swaps as cash flow hedges. Our agreements with our derivative counterparties contain provisions where if we default on any of our indebtedness, then we could also be declared in default on our derivative obligations subject to certain thresholds. As of September 30, 2016, we had not posted any collateral related to these agreements and were not in breach of any of the provisions of these agreements. If we had breached these agreements, we could have been required to settle our obligations under the agreements at their termination value. The following table sets forth our financial liabilities related to the 2014 Swaps and 2015 Swaps, which are included in accounts payable, accrued expenses and other liabilities on the consolidated balance sheets and are accounted for at fair value on a recurring basis as of September 30, 2016: Fair Value Measurements at Reporting Date Using: Description Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Liabilities: Derivatives designated as a hedging instrument: 2014 Swaps $ (11,410 ) — $ (11,410 ) — 2015 Swaps $ (10,882 ) — $ (10,882 ) — There was no ineffectiveness recorded on the 2014 Swaps and 2015 Swaps during the nine months ended September 30, 2016. See Note 7 for more information regarding our derivatives. The estimated fair value of the 2014 Swaps and 2015 Swaps was determined using the market standard methodology of netting the discounted fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of interest rates (forward curves) derived from observable market interest rate curves. In addition, credit valuation adjustments are incorporated in the fair value to account for potential non-performance risk, including our own non-performance risk and the respective counterparty’s non-performance risk. We determined that the significant inputs used to value the 2014 Swaps and 2015 Swaps fell within Level 2 of the fair value hierarchy.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events From October 1, 2016 to October 27, 2016, we acquired one industrial property for a purchase price of approximately $8,405 , excluding costs incurred in conjunction with the acquisition of the industrial property.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the accounting policies described in the consolidated financial statements and related notes included in our annual report on Form 10-K for the year ended December 31, 2015 ("2015 Form 10-K") and should be read in conjunction with such consolidated financial statements and related notes. The 2015 year end consolidated balance sheet data included in this Form 10-Q filing was derived from the audited consolidated financial statements in our 2015 Form 10-K, but does not include all disclosures required by accounting principles generally accepted in the United States of America ("GAAP"). The following notes to these interim consolidated financial statements highlight significant changes to the notes included in the December 31, 2015 audited consolidated financial statements included in our 2015 Form 10-K and present interim disclosures as required by the Securities and Exchange Commission ("SEC").
Use of Estimates	Use of Estimates In order to conform with GAAP, in preparation of our consolidated financial statements we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of September 30, 2016 and December 31, 2015, and the reported amounts of revenues and expenses for the three and nine months ended September 30, 2016 and 2015. Actual results could differ from those estimates. In our opinion, the accompanying unaudited interim consolidated financial statements reflect all adjustments necessary for a fair statement of our financial position as of September 30, 2016 and December 31, 2015, the results of our operations and comprehensive income for each of the three and nine months ended September 30, 2016 and 2015, and our cash flows for each of the nine months ended September 30, 2016 and 2015; all adjustments are of a normal recurring nature.
Reclassifications	Reclassifications Interest income, which was included in other income and expense on the consolidated statement of operations for the three and nine months ended September 30, 2015, has been reclassified to be included in tenant recoveries and other income to conform to the presentation of the same data as reported for the nine months ended September 30, 2016.
Deferred Financing Costs	Deferred Financing Costs Effective January 1, 2016, we adopted Accounting Standards Update ("ASU") No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which amended the presentation of debt issuance costs on a consolidated balance sheet. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, instead of as an asset. The recognition and measurement guidance for debt issuance costs are not affected by this update. Debt issuance costs related to revolving credit agreements are not within the scope of this new guidance. The Financial Accounting Standards Board ("FASB") issued ASU No. 2015-15,"Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements" ("ASU 2015-15"), which expanded upon ASU 2015-03. ASU 2015-15 stated that given the absence of authoritative guidance within 2015-03, the SEC staff would not object to deferring and presenting debt issuance costs as an asset for revolving credit agreements and subsequently amortizing the deferred issuance costs ratably over the term of the arrangement, regardless of whether there are any outstanding borrowings on the revolving credit agreement. The adoption of ASU 2015-03 was applied retrospectively. See Note 4 for more information about the reclassification of our debt issuance costs. The debt issuance costs related to our unsecured credit facility (the "Unsecured Credit Facility") remain classified as an asset and are included in prepaid expenses and other assets, net on the consolidated balance sheets.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 requires entities to recognize revenue when they transfer promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those good or services. For the real estate industry, leasing transactions are not within the scope of the new standard. A majority of our tenant-related revenue is recognized pursuant to lease agreements. The FASB has subsequently issued several additional ASUs to clarify the implementation guidance on principal versus agent considerations, identifying performance obligations, assessing collectability, presentation of sales taxes and other similar taxes collected from customers, non-cash consideration, contract modifications and completed contracts at transition. These ASUs are effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted for annual periods beginning after December 15, 2016. We are currently evaluating the impact of the adoption of these ASUs on our consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, "Leases" ("ASU 2016-02"), which amends the existing accounting standards for lease accounting and sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract. ASU 2016-02 requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. Lessors are required to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASU 2016-02 also requires that lessors expense certain initial direct costs, which are capitalizable under existing leasing standards, as incurred. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within that reporting period. Early application is permitted. ASU 2016-02 requires the use of a modified retrospective approach for all leases existing at, or entered into after, the beginning of the earliest period presented in the consolidated financial statements, with certain practical expedients available. We are currently evaluating the impact of the adoption of ASU 2016-02 on our consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"). ASU 2016-09 intends to simplify several aspects of the accounting for share-based payment transactions, including the accounting for income taxes, the classification of certain items on the statement of cash flows, statutory tax withholding requirements and the accounting for forfeitures. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is permitted. The adoption of ASU 2016-09 is not expected to impact our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” ("ASU 2016-15"). ASU 2016-15 addresses eight specific cash flow issues and intends to reduce the diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted. We are currently evaluating the impact of the adoption of ASU 2016-15 on our consolidated statement of cash flows.

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	9 Months Ended
	Sep. 30, 2016
Real Estate [Abstract]
Summary of the Fair Value of Assets and Liabilities Acquired	The following table summarizes the fair value of amounts recognized for each major class of asset and liability for the industrial properties and land parcels acquired during the nine months ended September 30, 2016: Purchase Price Weighted Average Life (in Months) Land $ 66,803 N/A Building and Improvements 29,303 (A) Other Assets 495 (B) In-Place Leases 2,356 88 Above Market Leases 197 32 Assumed Mortgage Loan Premium (See Note 4) (529 ) 44 Total Purchase Price $ 98,625 Assumed Mortgage Loan (See Note 4) (4,513 ) Total Net Assets Acquired $ 94,112 (A) See Note 2 to the consolidated financial statements in our 2015 Form 10-K for the disclosure of useful lives of our Investment in Real Estate and our Depreciation policy. (B) Represents leasing commissions, which are included in prepaid expenses and other assets, net on the consolidated balance sheets and amortized over the remaining term of each lease.

Indebtedness (Tables)

Indebtedness (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Summary of Indebtedness	The following table discloses certain information regarding our indebtedness: Outstanding Balance at Interest Rate at September 30, 2016 Effective Interest Rate at Issuance Maturity Date September 30, 2016 December 31, 2015 Mortgage Loans Payable, Gross $ 502,853 $ 564,891 4.03% – 8.26% 3.82% – 8.26% June 2018 – September 2022 Unamortized Deferred Financing Costs (3,145 ) (3,714 ) Unamortized Premiums 468 64 Mortgage Loans Payable, Net $ 500,176 $ 561,241 Senior Unsecured Notes, Gross 2016 Notes $ — $ 159,679 N/A N/A 1/15/2016 2017 Notes 54,981 54,981 7.50% 7.52% 12/1/2017 2027 Notes 6,070 6,070 7.15% 7.11% 5/15/2027 2028 Notes 31,901 31,901 7.60% 8.13% 7/15/2028 2032 Notes 10,600 10,600 7.75% 7.87% 4/15/2032 2017 II Notes 101,871 101,871 5.95% 6.37% 5/15/2017 Subtotal $ 205,423 $ 365,102 Unamortized Deferred Financing Costs (363 ) (499 ) Unamortized Discounts (115 ) (146 ) Senior Unsecured Notes, Net $ 204,945 $ 364,457 Unsecured Term Loans, Gross 2014 Unsecured Term Loan (A) $ 200,000 $ 200,000 3.99% N/A 1/29/2021 2015 Unsecured Term Loan (A) 260,000 260,000 3.39% N/A 9/12/2022 Subtotal $ 460,000 $ 460,000 Unamortized Deferred Financing Costs (3,529 ) (4,030 ) Unsecured Term Loans, Net $ 456,471 $ 455,970 Unsecured Credit Facility (B) $ 163,500 $ 52,500 1.67% N/A 3/11/2019 (A) The interest rate at September 30, 2016 reflects the interest rate protection agreements we entered into to effectively convert the variable rate to a fixed rate. See Note 10. (B) The maturity date may be extended an additional year at our election, subject to certain restrictions. Amounts exclude unamortized deferred financing costs of $3,208 and $4,204 as of September 30, 2016 and December 31, 2015, respectively, which are included in prepaid expenses and other assets, net on the consolidated balance sheets.
Schedule of Maturities	The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums, discounts and deferred financing costs, for the next five years as of September 30, and thereafter: Amount Remainder of 2016 $ 2,899 2017 168,849 2018 168,477 2019 244,061 2020 90,857 Thereafter 656,633 Total $ 1,331,776
Summary of Indebtedness at Estimated Fair Value	At September 30, 2016 and December 31, 2015, the fair value of our indebtedness was as follows: September 30, 2016 December 31, 2015 Carrying Amount (A) Fair Value Carrying Amount (A) Fair Value Mortgage Loans Payable, Net $ 503,321 $ 531,215 $ 564,955 $ 595,964 Senior Unsecured Notes, Net 205,308 228,527 364,956 386,253 Unsecured Term Loans 460,000 458,541 460,000 460,970 Unsecured Credit Facility 163,500 163,500 52,500 52,500 Total $ 1,332,129 $ 1,381,783 $ 1,442,411 $ 1,495,687 (A) The carrying amounts include unamortized premiums and discounts and exclude unamortized deferred financing costs.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2016
Variable Interest Entities [Abstract]
Other Real Estate Partnerships' Summarized Balance Sheet	The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets: September 30, 2016 December 31, 2015 ASSETS Assets: Net Investment in Real Estate $ 291,198 $ 306,866 Other Assets, Net 22,406 20,104 Total Assets $ 313,604 $ 326,970 LIABILITIES AND PARTNERS’ CAPITAL Liabilities: Mortgage Loans Payable, Net $ 70,734 $ 77,071 Other Liabilities, Net 32,221 43,103 Partners’ Capital 210,649 206,796 Total Liabilities and Partners’ Capital $ 313,604 $ 326,970

Stockholders_ Equity of the C24

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership (Tables)	9 Months Ended
	Sep. 30, 2016
Noncontrolling Interest Rollforward	The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2016 and 2015: 2016 2015 Balance as of December 31 $ 42,035 $ 41,877 Net Income 3,635 1,197 Unit Distributions (2,436 ) (1,669 ) Other Comprehensive Loss (Including a Reallocation of $39 and $3) (449 ) (65 ) Conversion of Limited Partner Units to Common Stock (819 ) (106 ) Reallocation - Additional Paid-in-Capital 2,489 107 Balance as of September 30 $ 44,455 $ 41,341
First Industrial, L.P.
Noncontrolling Interest Rollforward	The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the nine months ended September 30, 2016 and 2015: 2016 2015 Balance as of December 31 $ 1,096 $ 1,080 Net Income 112 75 Contributions 114 61 Distributions (264 ) (85 ) Balance as of September 30 $ 1,058 $ 1,131

Accumulated Other Comprehensi25

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Loss [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following table summarizes the changes in accumulated other comprehensive loss by component for the Company and the Operating Partnership for the nine months ended September 30, 2016: Interest Rate Protection Agreements Accumulated Other Comprehensive Loss of the Operating Partnership Comprehensive Loss Attributable to Noncontrolling Interest of the Company Accumulated Other Comprehensive Loss of the Company Balance as of December 31, 2015 $ (10,043 ) $ (10,043 ) $ 376 $ (9,667 ) Other Comprehensive Loss Before Reclassifications (19,273 ) (19,273 ) 449 (18,824 ) Amounts Reclassified from Accumulated Other Comprehensive Loss 5,719 5,719 — 5,719 Net Current Period Other Comprehensive Loss (13,554 ) (13,554 ) 449 (13,105 ) Balance as of September 30, 2016 $ (23,597 ) $ (23,597 ) $ 825 $ (22,772 )
Reclassification Out of Accumulated Other Comprehensive Loss	The following table summarizes the reclassifications out of accumulated other comprehensive loss for both the Company and the Operating Partnership for the three and nine months ended September 30, 2016 and 2015: Amounts Reclassified from Accumulated Other Comprehensive Loss Details about Accumulated Other Comprehensive Loss Components Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Affected Line Items in the Consolidated Statements of Operations Interest Rate Protection Agreements: Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 10) $ — $ — $ — $ 12,990 Mark-to-Market Loss on Interest Rate Protection Agreements Amortization of Interest Rate Protection Agreements (Previously Settled) 96 131 294 393 Interest Expense Settlement Payments to our Counterparties 1,774 1,299 5,425 3,420 Interest Expense Total $ 1,870 $ 1,430 5,719 16,803

Earnings Per Share _ Unit (EP26

Earnings Per Share / Unit (EPS / EPU) (Tables)	9 Months Ended
	Sep. 30, 2016
Computation of Basic and Diluted Earnings Per Share / Unit	The computation of basic and diluted EPS of the Company is presented below: Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Numerator: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 31,519 $ 13,917 $ 97,436 $ 30,302 Net Income Allocable to Participating Securities (110 ) (50 ) (329 ) (141 ) Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 31,409 $ 13,867 $ 97,107 $ 30,161 Denominator (In Thousands): Weighted Average Shares - Basic 116,467 110,356 114,491 110,338 Effect of Dilutive Securities: LTIP Unit Awards (As Defined in Note 9) 397 492 318 397 Weighted Average Shares - Diluted 116,864 110,848 114,809 110,735 Basic EPS: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.27 $ 0.13 $ 0.85 $ 0.27 Diluted EPS: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.27 $ 0.13 $ 0.85 $ 0.27
First Industrial, L.P.
Computation of Basic and Diluted Earnings Per Share / Unit	The computation of basic and diluted EPU of the Operating Partnership is presented below: Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2016 Nine Months Ended September 30, 2015 Numerator: Net Income Available to Unitholders and Participating Securities $ 32,630 $ 14,438 $ 100,959 $ 31,539 Net Income Allocable to Participating Securities (110 ) (50 ) (328 ) (141 ) Net Income Available to Unitholders $ 32,520 $ 14,388 $ 100,631 $ 31,398 Denominator (In Thousands): Weighted Average Units - Basic 120,740 114,720 118,781 114,705 Effect of Dilutive Securities that Result in the Issuance of General Partner Units: LTIP Unit Awards (As Defined in Note 9) 397 492 318 397 Weighted Average Units - Diluted 121,137 115,212 119,099 115,102 Basic EPU: Net Income Available to Unitholders $ 0.27 $ 0.13 $ 0.85 $ 0.27 Diluted EPU: Net Income Available to Unitholders $ 0.27 $ 0.12 $ 0.84 $ 0.27

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Measurements on Recurring Basis	The following table sets forth our financial liabilities related to the 2014 Swaps and 2015 Swaps, which are included in accounts payable, accrued expenses and other liabilities on the consolidated balance sheets and are accounted for at fair value on a recurring basis as of September 30, 2016: Fair Value Measurements at Reporting Date Using: Description Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Liabilities: Derivatives designated as a hedging instrument: 2014 Swaps $ (11,410 ) — $ (11,410 ) — 2015 Swaps $ (10,882 ) — $ (10,882 ) —

Organization - Additional Infor

Organization - Additional Information (Detail) ft² in Millions	9 Months Ended
	Sep. 30, 2016ft²PropertyState
Organization [Line Items]
Company's ownership interest	96.50%
Limited partners' ownership interest in the Operating Partnership	3.50%
Number of industrial properties owned | Property	545
Number of states in which industrial properties are located | State	24
Gross leasable area (GLA) of industrial properties owned | ft²	62.4
Other Real Estate Partnerships
Organization [Line Items]
Company's ownership interest	100.00%
Number of Other Real Estate Partnerships	8
Operating Partnership's minimum ownership interest in the Other Real Estate Partnerships	99.00%
General partners' minimum ownership interest in the Other Real Estate Partnerships	0.01%

Investment in Real Estate - Add

Investment in Real Estate - Additional Information (Detail) $ in Thousands, ft² in Millions	9 Months Ended
	Sep. 30, 2016USD ($)ft²Property
Real Estate [Abstract]
Number of industrial properties acquired | Property	4
Gross leasable area (GLA) of industrial properties acquired | ft²	0.5
Purchase price of industrial properties acquired	$ 98,625
Number of industrial properties sold | Property	50
Gross leasable area (GLA) of industrial properties sold | ft²	2.6
Proceeds from sale of industrial properties	$ 138,970
Gain on sale of real estate	$ 60,828

Investment in Real Estate - Sum

Investment in Real Estate - Summary of the Fair Value of Assets and Liabilities Acquired (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Real Estate [Abstract]
Land	$ 66,803
Building and Improvements	29,303	[1]
Other Assets	495	[2]
Acquired Finite-Lived Intangible Assets [Line Items]
Assumed Mortgage Loan Premium (See Note 4)	(529)
Total Purchase Price	98,625
Assumed Mortgage Loan (See Note 4)	(4,513)
Total Net Assets Acquired	$ 94,112
Assumed mortgage loan premium, weighted average life	44 months
In-Place Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired finite lived intangible assets, fair value	$ 2,356
Acquired finite lived intangible assets, weighted average life	88 months
Above Market Leases
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired finite lived intangible assets, fair value	$ 197
Acquired finite lived intangible assets, weighted average life	32 months
[1]	See Note 2 to the consolidated financial statements in our 2015 Form 10-K for the disclosure of useful lives of our Investment in Real Estate and our Depreciation policy.
[2]	Represents leasing commissions, which are included in prepaid expenses and other assets, net on the consolidated balance sheets and amortized over the remaining term of each lease.

Indebtedness - Summary of Indeb

Indebtedness - Summary of Indebtedness (Detail) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Mortgage Loans Payable, Net		$ 500,176	$ 561,241
Senior Unsecured Notes, Net		204,945	364,457
Unsecured Term Loans, Net		456,471	455,970
Unsecured Credit Facility		163,500	52,500
2016 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross		$ 0	159,679
Maturity Date		Jan. 15, 2016
2017 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross		$ 54,981	54,981
Interest Rate		7.50%
Effective Interest Rate		7.52%
Maturity Date		Dec. 1, 2017
2027 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross		$ 6,070	6,070
Interest Rate		7.15%
Effective Interest Rate		7.11%
Maturity Date		May 15, 2027
2028 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross		$ 31,901	31,901
Interest Rate		7.60%
Effective Interest Rate		8.13%
Maturity Date		Jul. 15, 2028
2032 Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross		$ 10,600	10,600
Interest Rate		7.75%
Effective Interest Rate		7.87%
Maturity Date		Apr. 15, 2032
2017 II Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross		$ 101,871	101,871
Interest Rate		5.95%
Effective Interest Rate		6.37%
Maturity Date		May 15, 2017
2014 Unsecured Term Loan
Debt Instrument [Line Items]
Unsecured Term Loans, Gross	[1]	$ 200,000	200,000
Interest Rate	[1]	3.99%
Maturity Date	[1]	Jan. 29, 2021
2015 Unsecured Term Loan
Debt Instrument [Line Items]
Unsecured Term Loans, Gross	[1]	$ 260,000	260,000
Interest Rate	[1]	3.39%
Maturity Date	[1]	Sep. 12, 2022
Mortgages
Debt Instrument [Line Items]
Mortgage Loans Payable, Gross		$ 502,853	564,891
Unamortized Deferred Financing Costs		(3,145)	(3,714)
Unamortized Premiums		468	64
Mortgage Loans Payable, Net		$ 500,176	561,241
Interest Rate		7.35%
Maturity Date Range, Start		Jun. 1, 2018
Maturity Date Range, End		Sep. 1, 2022
Senior Unsecured Notes
Debt Instrument [Line Items]
Unamortized Deferred Financing Costs		$ (363)	(499)
Senior Unsecured Notes, Gross		205,423	365,102
Unamortized Discounts		(115)	(146)
Senior Unsecured Notes, Net		204,945	364,457
Unsecured Term Loan
Debt Instrument [Line Items]
Unamortized Deferred Financing Costs		(3,529)	(4,030)
Unsecured Term Loans, Gross		460,000	460,000
Unsecured Term Loans, Net		456,471	455,970
Unsecured Credit Facility
Debt Instrument [Line Items]
Unamortized Deferred Financing Costs		(3,208)	(4,204)
Unsecured Credit Facility	[2]	$ 163,500	$ 52,500
Interest Rate	[2]	1.67%
Maturity Date	[2]	Mar. 11, 2019
Minimum | Mortgages
Debt Instrument [Line Items]
Interest Rate		4.03%
Effective Interest Rate		3.82%
Maximum | Mortgages
Debt Instrument [Line Items]
Interest Rate		8.26%
Effective Interest Rate		8.26%
[1]	The interest rate at September 30, 2016 reflects the interest rate protection agreements we entered into to effectively convert the variable rate to a fixed rate. See Note 10.
[2]	The maturity date may be extended an additional year at our election, subject to certain restrictions. Amounts exclude unamortized deferred financing costs of $3,208 and $4,204 as of September 30, 2016 and December 31, 2015, respectively, which are included in prepaid expenses and other assets, net on the consolidated balance sheets.

Indebtedness - Additional Infor

Indebtedness - Additional Information (Detail) $ in Thousands, ft² in Millions	9 Months Ended
	Sep. 30, 2016USD ($)ft²Property	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Number of industrial properties acquired | Property	4
Gross leasable area (GLA) of industrial properties acquired | ft²	0.5
Assumed mortgage, premium	$ 529
2016 Notes
Debt Instrument [Line Items]
Extinguishment of debt, amount	159,679
Mortgages
Debt Instrument [Line Items]
Unamortized deferred financing costs	3,145	$ 3,714
Assumed mortgage loan	$ 4,513
Number of industrial properties acquired | Property	1
Gross leasable area (GLA) of industrial properties acquired | ft²	0.1
Assumed mortgage, fixed interest rate	7.35%
Assumed mortgage, term	25 years
Assumed mortgage, premium	$ 529
Extinguishment of debt, amount	57,901
Net carrying value of industrial properties collateralized by mortgage loans	666,033
Senior Unsecured Notes
Debt Instrument [Line Items]
Unamortized deferred financing costs	363	499
Unsecured Term Loan
Debt Instrument [Line Items]
Unamortized deferred financing costs	3,529	4,030
Unsecured Credit Facility
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 3,208	$ 4,204

Indebtedness - Schedule of Matu

Indebtedness - Schedule of Maturities (Detail) $ in Thousands	Sep. 30, 2016USD ($)
Debt Disclosure [Abstract]
Remainder of 2016	$ 2,899
2,017	168,849
2,018	168,477
2,019	244,061
2,020	90,857
Thereafter	656,633
Total	$ 1,331,776

Indebtedness - Summary of Ind34

Indebtedness - Summary of Indebtedness at Estimated Fair Value (Detail) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Carrying Amount	[1]	$ 1,332,129	$ 1,442,411
Fair Value		1,381,783	1,495,687
Mortgages
Debt Instrument [Line Items]
Carrying Amount	[1]	503,321	564,955
Fair Value		531,215	595,964
Senior Unsecured Notes
Debt Instrument [Line Items]
Carrying Amount	[1]	205,308	364,956
Fair Value		228,527	386,253
Unsecured Term Loan
Debt Instrument [Line Items]
Carrying Amount	[1]	460,000	460,000
Fair Value		458,541	460,970
Unsecured Credit Facility
Debt Instrument [Line Items]
Carrying Amount	[1]	163,500	52,500
Fair Value		$ 163,500	$ 52,500
[1]	The carrying amounts include unamortized premiums and discounts and exclude unamortized deferred financing costs.

Variable Interest Entities - Su

Variable Interest Entities - Summarized Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets:
Net Investment in Real Estate	$ 2,568,716	$ 2,502,638
Total Assets	2,767,563	2,709,808
Liabilities and Partners' Capital:
Mortgage Loans Payable, Net	500,176	561,241
Total Liabilities and Equity/Partners' Capital	2,767,563	2,709,808
Other Real Estate Partnerships
Assets:
Net Investment in Real Estate	291,198	306,866
Other Assets, Net	22,406	20,104
Total Assets	313,604	326,970
Liabilities and Partners' Capital:
Mortgage Loans Payable, Net	70,734	77,071
Other Liabilities, Net	32,221	43,103
Partners’ Capital	210,649	206,796
Total Liabilities and Equity/Partners' Capital	$ 313,604	$ 326,970

Stockholders_ Equity of the C36

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Class of Stock [Line Items]
Issuance of common stock	5,600,000
Proceeds from issuance of common stock	$ 124,936	$ 0
Conversion of Limited Partner Units to Common Stock / General Partner Units, Value	0	$ 0
Common stock dividends and Unit distributions	$ 68,223
Common Stock / Operating Partnership Units
Class of Stock [Line Items]
Conversion of Limited Partner Units to Common Stock / General Partner Units, Shares	76,674	11,012
Conversion of Limited Partner Units to Common Stock / General Partner Units, Value	$ 819	$ 106
Common stock dividends and Unit distributions	68,223
First Industrial, L.P.
Class of Stock [Line Items]
Proceeds from issuance of common stock	124,936	0
Conversion of Limited Partner Units to Common Stock / General Partner Units, Value	$ 0	$ 0

Stockholders' Equity of the Com

Stockholders' Equity of the Company and Partners' Capital of the Operating Partnership - Summary of Changes in Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Noncontrolling Interest [Line Items]
Beginning Balance			$ 42,035
Net Income	$ 1,149	$ 548	3,635	$ 1,197
Other Comprehensive Loss (Including a Reallocation of $39 and $3)			(13,554)
Conversion of Limited Partner Units to Common Stock / General Partner Units, Value			0	0
Reallocation - Additional Paid-in-Capital			0
Ending Balance	44,455		44,455
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Beginning Balance			42,035	41,877
Net Income			3,635	1,197
Distributions			(2,436)	(1,669)
Other Comprehensive Loss (Including a Reallocation of $39 and $3)			(449)	(65)
Conversion of Limited Partner Units to Common Stock / General Partner Units, Value			(819)	(106)
Reallocation - Additional Paid-in-Capital			2,489	107
Ending Balance	44,455	41,341	44,455	41,341
Reallocation - Other Comprehensive Income (Loss)			39	3
First Industrial, L.P.
Noncontrolling Interest [Line Items]
Beginning Balance			1,096
Net Income	38	27	112	75
Contributions			114
Distributions			(264)
Other Comprehensive Loss (Including a Reallocation of $39 and $3)			(13,554)
Conversion of Limited Partner Units to Common Stock / General Partner Units, Value			0	0
Ending Balance	1,058		1,058
First Industrial, L.P. | Noncontrolling Interest
Noncontrolling Interest [Line Items]
Beginning Balance			1,096	1,080
Net Income			112	75
Contributions			114	61
Distributions			(264)	(85)
Ending Balance	$ 1,058	$ 1,131	$ 1,058	$ 1,131

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Loss (Changes in AOCI) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (9,667)
Other Comprehensive Loss Before Reclassifications	(18,824)
Amounts Reclassified from Accumulated Other Comprehensive Loss	5,719
Net Current Period Other Comprehensive Loss	(13,105)
Balance	(22,772)
Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(10,043)
Other Comprehensive Loss Before Reclassifications	(19,273)
Amounts Reclassified from Accumulated Other Comprehensive Loss	5,719
Net Current Period Other Comprehensive Loss	(13,554)
Balance	(23,597)
Comprehensive Loss Attributable to Noncontrolling Interest of the Company
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	376
Other Comprehensive Loss Before Reclassifications	449
Amounts Reclassified from Accumulated Other Comprehensive Loss	0
Net Current Period Other Comprehensive Loss	449
Balance	825
First Industrial, L.P.
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(10,043)
Balance	(23,597)
First Industrial, L.P. | Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(10,043)
Other Comprehensive Loss Before Reclassifications	(19,273)
Amounts Reclassified from Accumulated Other Comprehensive Loss	5,719
Net Current Period Other Comprehensive Loss	(13,554)
Balance	$ (23,597)

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Loss (Amounts Reclassified from AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Mark-to-Market Loss on Interest Rate Protection Agreements	$ 0	$ 0	$ 0	$ (11,546)
Interest Expense - Amortization of IRPAs	14,407	16,674	45,255	49,679
Total	1,613	(14,498)	13,136	(50,432)
Interest Rate Swap | Reclassification Out Of Accumulated Other Comprehensive Income | Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Mark-to-Market Loss on Interest Rate Protection Agreements	0	0	0	12,990
Interest Expense - Amortization of IRPAs	96	131	294	393
Interest Expense - Settlement Payments	1,774	1,299	5,425	3,420
Total	$ 1,870	$ 1,430	$ 5,719	$ 16,803

Accumulated Other Comprehensi40

Accumulated Other Comprehensive Loss - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Accumulated Other Comprehensive Loss [Abstract]
Amortization to be reclassified from OCI into income	$ 276

Earnings Per Share _ Unit (EP41

Earnings Per Share / Unit (EPS / EPU) - Computation of Basic and Diluted EPS / EPU (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Numerator:
Net Income Available to Common Stockholders / Unitholders and Participating Securities	$ 31,519	$ 13,917	$ 97,436	$ 30,302
Net Income Allocable to Participating Securities	(110)	(50)	(329)	(141)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$ 31,409	$ 13,867	$ 97,107	$ 30,161
Denominator:
Weighted Average Shares / Units - Basic	116,467	110,356	114,491	110,338
LTIP Unit Awards (As Defined in Note 9)	397	492	318	397
Weighted Average Shares / Units - Diluted	116,864	110,848	114,809	110,735
Basic Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.27	$ 0.13	$ 0.85	$ 0.27
Diluted Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.27	$ 0.13	$ 0.85	$ 0.27
First Industrial, L.P.
Numerator:
Net Income Available to Common Stockholders / Unitholders and Participating Securities	$ 32,630	$ 14,438	$ 100,959	$ 31,539
Net Income Allocable to Participating Securities	(110)	(50)	(328)	(141)
Net Income Available to Unitholders	$ 32,520	$ 14,388	$ 100,631	$ 31,398
Denominator:
Weighted Average Shares / Units - Basic	120,740	114,720	118,781	114,705
LTIP Unit Awards (As Defined in Note 9)	397	492	318	397
Weighted Average Shares / Units - Diluted	121,137	115,212	119,099	115,102
Basic Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.27	$ 0.13	$ 0.85	$ 0.27
Diluted Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.27	$ 0.12	$ 0.84	$ 0.27

Earnings Per Share _ Unit (EP42

Earnings Per Share / Unit (EPS / EPU) - Additional Information (Detail) - shares	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Unvested Restricted Stock / Unit Awards	406,855	388,695

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization related to restricted stock/Unit awards and LTIP Unit Awards	$ 1,428	$ 1,507	$ 5,898	$ 5,574
Unrecognized compensation related to unvested restricted stock/Unit awards and LTIP Unit Awards	8,231		$ 8,231
Weighted average period of unrecognized compensation expected to be recognized			350 days
LTIP Unit Awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of LTIP Unit Awards			0.00%
LTIP Unit Awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage of LTIP Unit Awards			100.00%
Management | Restricted Stock/Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock/Unit awards and LTIP Unit Awards issued			308,373
Fair value of restricted stock/Unit awards and LTIP Unit Awards issued	6,047		$ 6,047
Vesting period of restricted stock/Unit awards issued			3 years
Compensation expense recognized at date of grant			$ 1,590	$ 1,250
Management | LTIP Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock/Unit awards and LTIP Unit Awards issued			254,524
Fair value of restricted stock/Unit awards and LTIP Unit Awards issued	2,561		$ 2,561
Director | Restricted Stock/Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock/Unit awards and LTIP Unit Awards issued			14,460
Fair value of restricted stock/Unit awards and LTIP Unit Awards issued	$ 350		$ 350
Vesting period of restricted stock/Unit awards issued			1 year

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands, ft² in Millions	Sep. 30, 2016USD ($)ft²Property
Commitments and Contingencies Disclosure [Abstract]
Number of industrial properties under construction | Property	6
Gross leasable area (GLA) of industrial properties under construction | ft²	2.5
Estimated total investment	$ 157,800
Estimated total investment remaining to be funded	$ 94,400

Derivatives - Additional Inform

Derivatives - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
2014 Swaps
Derivative [Line Items]
Debt Instrument, Term	7 years
Debt Instrument, Face Amount	$ 200,000
Debt instrument, LIBOR Rate	one month LIBOR
Swaps, Number of Instruments Held	4
Swaps, Notional Amount	$ 200,000
Swaps, Average Fixed Interest Rate	2.29%
2015 Swaps
Derivative [Line Items]
Debt Instrument, Term	7 years
Debt Instrument, Face Amount	$ 260,000
Debt instrument, LIBOR Rate	one month LIBOR
Swaps, Number of Instruments Held	6
Swaps, Notional Amount	$ 260,000
Swaps, Average Fixed Interest Rate	1.79%

Derivatives - Fair Value Measur

Derivatives - Fair Value Measurements on Recurring Basis (Detail) $ in Thousands	Sep. 30, 2016USD ($)
2014 Swaps
Derivatives, Fair Value [Line Items]
Fair Value	$ (11,410)
2014 Swaps | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivatives, Fair Value [Line Items]
Fair Value	0
2014 Swaps | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Derivatives, Fair Value [Line Items]
Fair Value	(11,410)
2014 Swaps | Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Derivatives, Fair Value [Line Items]
Fair Value	0
2015 Swaps
Derivatives, Fair Value [Line Items]
Fair Value	(10,882)
2015 Swaps | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivatives, Fair Value [Line Items]
Fair Value	0
2015 Swaps | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Derivatives, Fair Value [Line Items]
Fair Value	(10,882)
2015 Swaps | Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Derivatives, Fair Value [Line Items]
Fair Value	$ 0

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Thousands	1 Months Ended	9 Months Ended
	Oct. 27, 2016USD ($)Property	Sep. 30, 2016USD ($)Property	Sep. 30, 2015USD ($)
Subsequent Event [Line Items]
Number of industrial properties acquired | Property		4
Purchase price of industrial properties acquired | $		$ 95,157	$ 73,179
Subsequent Events
Subsequent Event [Line Items]
Number of industrial properties acquired | Property	1
Purchase price of industrial properties acquired | $	$ 8,405