First Industrial 10-Q 27 Oct 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 26, 2017
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
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		119,846,991
First Industrial, L.P.
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
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, 2017	Dec. 31, 2016
Investment in Real Estate:
Land	$ 870,151	$ 794,821
Buildings and Improvements	2,554,194	2,523,015
Construction in Progress	68,302	67,078
Less: Accumulated Depreciation	(794,672)	(796,492)
Net Investment in Real Estate	2,697,975	2,588,422
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $20,110 and $1,471	18,646	2,354
Cash and Cash Equivalents	9,496	9,859
Restricted Cash	5,102	11,602
Tenant Accounts Receivable, Net	4,533	4,757
Deferred Rent Receivable, Net	69,623	67,382
Deferred Leasing Intangibles, Net	31,108	29,499
Prepaid Expenses and Other Assets, Net	91,343	79,388
Total Assets	2,927,826	2,793,263
Indebtedness:
Mortgage Loans Payable, Net	452,551	495,956
Senior Unsecured Notes, Net	301,602	204,998
Unsecured Term Loans, Net	457,138	456,638
Unsecured Credit Facility	157,000	189,500
Accounts Payable, Accrued Expenses and Other Liabilities	82,184	84,412
Deferred Leasing Intangibles, Net	10,735	10,400
Rents Received in Advance and Security Deposits	45,495	43,300
Dividends and Distributions Payable	26,848	23,434
Total Liabilities	1,533,553	1,508,638
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, 225,000,000 and 150,000,000 shares authorized and 119,848,432 and 117,107,746 shares issued and outstanding)	1,199	1,172
Additional Paid-in-Capital	1,964,965	1,886,771
Distributions in Excess of Accumulated Earnings	(614,493)	(641,859)
Accumulated Other Comprehensive Loss	(3,153)	(4,643)
Total First Industrial Realty Trust, Inc.’s Stockholders’ Equity	1,348,518	1,241,441
Noncontrolling Interest	45,755	43,184
Total Equity	1,394,273	1,284,625
Total Liabilities and Equity/Partners' Capital	2,927,826	2,793,263
First Industrial, L.P.
Investment in Real Estate:
Land	870,151	794,821
Buildings and Improvements	2,554,194	2,523,015
Construction in Progress	68,302	67,078
Less: Accumulated Depreciation	(794,672)	(796,492)
Net Investment in Real Estate	2,697,975	2,588,422
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $20,110 and $1,471	18,646	2,354
Cash and Cash Equivalents	9,496	9,859
Restricted Cash	5,102	11,602
Tenant Accounts Receivable, Net	4,533	4,757
Deferred Rent Receivable, Net	69,623	67,382
Deferred Leasing Intangibles, Net	31,108	29,499
Prepaid Expenses and Other Assets, Net	101,526	89,826
Total Assets	2,938,009	2,803,701
Indebtedness:
Mortgage Loans Payable, Net	452,551	495,956
Senior Unsecured Notes, Net	301,602	204,998
Unsecured Term Loans, Net	457,138	456,638
Unsecured Credit Facility	157,000	189,500
Accounts Payable, Accrued Expenses and Other Liabilities	82,184	84,412
Deferred Leasing Intangibles, Net	10,735	10,400
Rents Received in Advance and Security Deposits	45,495	43,300
Dividends and Distributions Payable	26,848	23,434
Total Liabilities	1,533,553	1,508,638
Commitments and Contingencies	0	0
First Industrial Realty Trust Inc.’s Stockholders’ Equity/First Industrial, L.P.'s Partners' Capital:
General Partner Units (119,848,432 and 117,107,746 units outstanding)	1,326,815	1,219,755
Limited Partners Units (4,035,938 and 4,039,375 units outstanding)	80,104	79,156
Accumulated Other Comprehensive Loss	(3,260)	(4,804)
Total First Industrial L.P.'s Partners’ Capital	1,403,659	1,294,107
Noncontrolling Interest	797	956
Total Partners’ Capital	1,404,456	1,295,063
Total Liabilities and Equity/Partners' Capital	$ 2,938,009	$ 2,803,701

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Net Investment in Real Estate	$ 2,697,975	$ 2,588,422
Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization	20,110	1,471
Mortgage Loans Payable, Net	$ 452,551	$ 495,956
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	225,000,000	150,000,000
Common Stock, shares issued	119,848,432	117,107,746
Common Stock, shares outstanding	119,848,432	117,107,746
First Industrial, L.P.
Net Investment in Real Estate	$ 2,697,975	$ 2,588,422
Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization	20,110	1,471
Mortgage Loans Payable, Net	$ 452,551	$ 495,956
General Partner Units, units outstanding	119,848,432	117,107,746
Limited Partner Units, units outstanding	4,035,938	4,039,375
Other Real Estate Partnerships
Net Investment in Real Estate	$ 279,626	$ 278,398
Mortgage Loans Payable, Net	$ 61,586	$ 70,366

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Rental Income	$ 76,497	$ 72,092	$ 227,217	$ 216,115
Tenant Recoveries and Other Income	22,813	21,470	67,055	63,929
Total Revenues	99,310	93,562	294,272	280,044
Expenses:
Property Expenses	28,452	27,539	83,835	82,781
General and Administrative	6,492	5,983	21,310	20,090
Acquisition Costs	0	119	0	338
Depreciation and Other Amortization	29,696	28,815	87,230	88,668
Total Expenses	64,640	62,456	192,375	191,877
Other Income (Expense):
Gain on Sale of Real Estate	23,271	16,802	52,140	60,828
Interest Expense	(14,376)	(14,407)	(43,660)	(45,255)
Amortization of Deferred Financing Costs	(778)	(782)	(2,336)	(2,437)
Mark-to-Market Gain on Interest Rate Protection Agreements	1,848	0	1,848	0
Loss from Retirement of Debt	0	0	(1,653)	0
Total Other Income (Expense)	9,965	1,613	6,339	13,136
Income from Operations Before Income Tax Provision	44,635	32,719	108,236	101,303
Income Tax Benefit (Provision)	21	(51)	(1,236)	(232)
Net Income	44,656	32,668	107,000	101,071
Less: Net Income Attributable to the Noncontrolling Interest	1,458	1,149	3,531	3,635
Net Income Available to Common Stockholders / Unitholders and Participating Securities	$ 43,198	$ 31,519	$ 103,469	$ 97,436
Basic Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.36	$ 0.27	$ 0.88	$ 0.85
Diluted Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	0.36	0.27	0.87	0.85
Dividends/Distributions Per Share/Unit	$ 0.21	$ 0.19	$ 0.63	$ 0.57
Weighted Average Shares/Units Outstanding - Basic	119,446	116,467	117,870	114,491
Weighted Average Shares/Units Outstanding - Diluted	119,990	116,864	118,352	114,809
First Industrial, L.P.
Revenues:
Rental Income	$ 76,497	$ 72,092	$ 227,217	$ 216,115
Tenant Recoveries and Other Income	22,813	21,470	67,055	63,929
Total Revenues	99,310	93,562	294,272	280,044
Expenses:
Property Expenses	28,452	27,539	83,835	82,781
General and Administrative	6,492	5,983	21,310	20,090
Acquisition Costs	0	119	0	338
Depreciation and Other Amortization	29,696	28,815	87,230	88,668
Total Expenses	64,640	62,456	192,375	191,877
Other Income (Expense):
Gain on Sale of Real Estate	23,271	16,802	52,140	60,828
Interest Expense	(14,376)	(14,407)	(43,660)	(45,255)
Amortization of Deferred Financing Costs	(778)	(782)	(2,336)	(2,437)
Mark-to-Market Gain on Interest Rate Protection Agreements	1,848	0	1,848	0
Loss from Retirement of Debt	0	0	(1,653)	0
Total Other Income (Expense)	9,965	1,613	6,339	13,136
Income from Operations Before Income Tax Provision	44,635	32,719	108,236	101,303
Income Tax Benefit (Provision)	21	(51)	(1,236)	(232)
Net Income	44,656	32,668	107,000	101,071
Less: Net Income Attributable to the Noncontrolling Interest	43	38	96	112
Net Income Available to Common Stockholders / Unitholders and Participating Securities	$ 44,613	$ 32,630	$ 106,904	$ 100,959
Basic Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.36	$ 0.27	$ 0.87	$ 0.85
Diluted Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	0.36	0.27	0.87	0.84
Dividends/Distributions Per Share/Unit	$ 0.21	$ 0.19	$ 0.63	$ 0.57
Weighted Average Shares/Units Outstanding - Basic	123,483	120,740	121,909	118,781
Weighted Average Shares/Units Outstanding - Diluted	124,027	121,137	122,391	119,099

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net Income	$ 44,656	$ 32,668	$ 107,000	$ 101,071
Mark-to-Market Gain (Loss) on Interest Rate Protection Agreements	621	3,768	1,364	(13,848)
Amortization of Interest Rate Protection Agreements	24	96	180	294
Comprehensive Income	45,301	36,532	108,544	87,517
Comprehensive Income Attributable to Noncontrolling Interest	(1,479)	(1,295)	(3,582)	(3,147)
Comprehensive Income Attributable to Common Stockholders / Unitholders	43,822	35,237	104,962	84,370
First Industrial, L.P.
Net Income	44,656	32,668	107,000	101,071
Mark-to-Market Gain (Loss) on Interest Rate Protection Agreements	621	3,768	1,364	(13,848)
Amortization of Interest Rate Protection Agreements	24	96	180	294
Comprehensive Income	45,301	36,532	108,544	87,517
Comprehensive Income Attributable to Noncontrolling Interest	(43)	(38)	(96)	(112)
Comprehensive Income Attributable to Common Stockholders / Unitholders	$ 45,258	$ 36,494	$ 108,448	$ 87,405

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY/ PARTNER'S CAPITAL - 9 months ended Sep. 30, 2017 - 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, 2016	$ 1,284,625	$ 1,172	$ 1,886,771	$ (641,859)	$ (4,643)	$ 43,184
Beginning Balance at Dec. 31, 2016							$ 1,295,063	$ 1,219,755	$ 79,156	$ (4,804)	$ 956
Increase (Decrease) in Stockholders' Equity / Partners' Capital [Roll Forward]
Issuance of Common Stock / Contribution of General Partner Units, Net of Issuance Costs	74,661	25	74,636				74,661	74,661
Stock Based Compensation Activity	4,366	2	5,088	(724)
Stock Based Compensation Activity							4,366	4,366
Conversion of Limited Partner Units to Common Stock / General Partner Units	0	0	39			(39)	0	39	(39)
Reallocation - Additional Paid-in-Capital	0		(1,569)			1,569
Common Stock Dividends and Unit Distributions	(77,923)			(75,379)		(2,544)
Unit Distributions							(77,923)	(75,379)	(2,544)
Contributions from Noncontrolling Interest							29				29
Distributions to Noncontrolling Interest							(284)				(284)
Net Income	107,000			103,469		3,531	107,000	103,373	3,531		96
Reallocation - Other Comprehensive Income	0				(3)	3
Other Comprehensive Income	1,544				1,493	51	1,544			1,544
Ending Balance at Sep. 30, 2017	$ 1,394,273	$ 1,199	$ 1,964,965	$ (614,493)	$ (3,153)	$ 45,755
Ending Balance at Sep. 30, 2017							$ 1,404,456	$ 1,326,815	$ 80,104	$ (3,260)	$ 797

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 107,000	$ 101,071
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	70,697	72,317
Amortization of Deferred Financing Costs	2,336	2,437
Other Amortization, including Stock Based Compensation	22,059	21,699
Provision for Bad Debt	181	567
Gain on Sale of Real Estate	(52,140)	(60,828)
Loss from Retirement of Debt	1,653	0
Mark-to-Market Gain on Interest Rate Protection Agreements	(1,848)	0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net	(6,792)	(2,830)
Increase in Deferred Rent Receivable, Net	(4,104)	(5,121)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits	9,152	(1,545)
Payments of Prepayment Penalties and Discounts Associated with Retirement of Debt	(1,453)	(554)
Net Cash Provided by Operating Activities	146,741	127,213
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of Real Estate	(160,065)	(95,157)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs	(104,658)	(117,630)
Net Proceeds from Sales of Investments in Real Estate	95,233	133,602
Repayments of Notes Receivable	51	43
Decrease in Escrows	4,805	11,051
Net Cash Used in Investing Activities	(164,634)	(68,091)
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing and Equity Issuance Costs	1,918	375
Proceeds from Issuance of Common Stock/Contribution of General Partner Units	74,880	124,936
Repurchase and Retirement of Restricted Stock/Units	(2,401)	(5,242)
Common Stock Dividends and Unit Distributions Paid	(74,508)	(59,678)
Repayments on Mortgage Loans Payable	(44,152)	(66,551)
Proceeds from Senior Unsecured Notes	200,000	0
Repayments of Senior Unsecured Notes	(101,871)	(159,125)
Proceeds from Unsecured Credit Facility	326,000	397,000
Repayments on Unsecured Credit Facility	(358,500)	(286,000)
Net Cash Provided by (Used in) Financing Activities	17,530	(55,035)
Net (Decrease) Increase in Cash and Cash Equivalents	(363)	4,087
Cash and Cash Equivalents, Beginning of Year	9,859	3,987
Cash and Cash Equivalents, End of Period	9,496	8,074
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:
Interest Expense Capitalized in Connection with Development Activity	3,014	2,279
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Dividends and Distributions Payable	26,848
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	1,138	5,227
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate	23,247	28,788
Write-off of Fully Depreciated Assets	(27,455)	(34,360)
Noncontrolling Interest
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	3,531
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock / General Partner Units	(39)	(819)
Common Stock
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock / General Partner Units	0	1
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	39	818
Common Stock
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Issuance of Common Stock/Contribution of General Partner Units	74,880
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Dividends and Distributions Payable	26,848	23,357
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock / General Partner Units	39	819
First Industrial, L.P.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	107,000	101,071
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	70,697	72,317
Amortization of Deferred Financing Costs	2,336	2,437
Other Amortization, including Stock Based Compensation	22,059	21,699
Provision for Bad Debt	181	567
Gain on Sale of Real Estate	(52,140)	(60,828)
Loss from Retirement of Debt	1,653	0
Mark-to-Market Gain on Interest Rate Protection Agreements	(1,848)	0
Increase in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net	(6,537)	(2,680)
Increase in Deferred Rent Receivable, Net	(4,104)	(5,121)
Increase (Decrease) in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits	9,152	(1,545)
Payments of Prepayment Penalties and Discounts Associated with Retirement of Debt	(1,453)	(554)
Net Cash Provided by Operating Activities	146,996	127,363
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of Real Estate	(160,065)	(95,157)
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs	(104,658)	(117,630)
Net Proceeds from Sales of Investments in Real Estate	95,233	133,602
Repayments of Notes Receivable	51	43
Decrease in Escrows	4,805	11,051
Net Cash Used in Investing Activities	(164,634)	(68,091)
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing and Equity Issuance Costs	1,918	375
Proceeds from Issuance of Common Stock/Contribution of General Partner Units	74,880	124,936
Repurchase and Retirement of Restricted Stock/Units	(2,401)	(5,242)
Common Stock Dividends and Unit Distributions Paid	(74,508)	(59,678)
Contributions from Noncontrolling Interests	29	114
Distributions to Noncontrolling Interests	(284)	(264)
Repayments on Mortgage Loans Payable	(44,152)	(66,551)
Proceeds from Senior Unsecured Notes	200,000	0
Repayments of Senior Unsecured Notes	(101,871)	(159,125)
Proceeds from Unsecured Credit Facility	326,000	397,000
Repayments on Unsecured Credit Facility	(358,500)	(286,000)
Net Cash Provided by (Used in) Financing Activities	17,275	(55,185)
Net (Decrease) Increase in Cash and Cash Equivalents	(363)	4,087
Cash and Cash Equivalents, Beginning of Year	9,859	3,987
Cash and Cash Equivalents, End of Period	9,496	8,074
SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS:
Interest Expense Capitalized in Connection with Development Activity	3,014	2,279
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Dividends and Distributions Payable	26,848
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	1,138	5,227
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate	23,247	28,788
Write-off of Fully Depreciated Assets	(27,455)	(34,360)
First Industrial, L.P. | Limited Partner Units
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	3,531
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock / General Partner Units	(39)	(819)
First Industrial, L.P. | General Partner Units
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	103,373
Exchange of Limited Partnership Units for Common Stock/General Partnership Units:
Conversion of Limited Partner Units to Common Stock / General Partner Units	39	819
First Industrial, L.P. | Common Stock
Supplemental Schedule of Non-Cash Investing and Financing Activities:
Dividends and Distributions Payable	$ 26,848	$ 23,357

Organization

Organization	9 Months Ended
	Sep. 30, 2017
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. 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 96.7% ownership interest ("General Partner Units") at September 30, 2017. 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 3.3% at September 30, 2017 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, 2017, we owned 516 industrial properties located in 22 states, containing an aggregate of approximately 62.8 million square feet of gross leasable area ("GLA"). Of the 516 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, 2017
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, 2016 ("2016 Form 10-K") and should be read in conjunction with such consolidated financial statements and related notes. The 2016 year end consolidated balance sheet data included in this Form 10-Q filing was derived from the audited consolidated financial statements in our 2016 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, 2016 audited consolidated financial statements included in our 2016 Form 10-K and present interim disclosures as required by the Securities and Exchange Commission. 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, 2017 and December 31, 2016, and the reported amounts of revenues and expenses for the three and nine months ended September 30, 2017 and 2016. 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, 2017 and December 31, 2016, the results of our operations and comprehensive income for each of the three and nine months ended September 30, 2017 and 2016, and our cash flows for each of the nine months ended September 30, 2017 and 2016. All adjustments are of a normal recurring nature. Investment in Real Estate and Depreciation Effective January 1, 2017, we adopted Accounting Standards Update ("ASU") No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business" ("ASU 2017-01"). ASU 2017-01 clarifies the framework for determining whether an integrated set of assets and activities meets the definition of a business. The revised framework establishes a screen for determining whether an integrated set of assets and activities is a business and narrows the definition of a business, which is expected to result in fewer transactions being accounted for as business combinations. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. We applied ASU 2017-01 prospectively. We anticipate that our acquisitions of real estate in the future will generally not meet the definition of a business combination and, accordingly; transaction costs which have historically been expensed will be capitalized as part of the basis of the real estate assets acquired. 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 to in exchange for those goods or services. ASU 2014-09 is effective for annual periods beginning after December 15, 2017. We will adopt the new standard effective January 1, 2018 and expect to utilize the modified retrospective approach upon adoption. While lease contracts with customers, which constitute a vast majority of our revenues, are a specific scope exception, certain of our revenue streams may be impacted by the new guidance, however we do not believe there will be a material financial statement impact or that our pattern of revenue recognition will be materially impacted by the adoption of ASU 2014-09. In February 2016, the Financial Accounting Standards Board (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. Under ASU 2016-02, lessees will be required to record a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term and a lease liability, which is a lessee’s right to use, or control the use of, a specified asset for the lease term. We are a lessee on certain ground and operating leases as disclosed in Note 14 to the consolidated financial statements in our 2016 Form 10-K. While we expect to record a right-of-use asset and lease liability upon adoption of this standard, we anticipate the impact will not be material to our overall financial condition and results of operations. We are the lessor on a significant number of leases, however, we believe that ASU 2016-02 will have minimal impact to our financial condition or results of operations as leases where we are the lessor will continue to be accounted for as operating leases. The most significant changes ASU 2016-02 will have to lessor accounting will be the requirement that lessors expense certain initial direct costs that are not incremental in negotiating a lease as incurred as well bifurcating lease generated revenue into lease and non-lease components. 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. If practical expedients are elected, we would not be required to reassess (1) whether an expired or existing contract meets the definition of a lease; (2) the lease classification for expired or existing leases; and (3) whether costs previously capitalized as initial direct costs would continue to be amortized. We are continuing the process of evaluating and quantifying the effect that ASU 2016-02 will have on our consolidated financial statements and related disclosures. We will adopt ASU 2016-02 on January 1, 2019 and anticipate electing the practical expedients. 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 with retrospective application required. We expect ASU 2016-15 to impact the presentation of our consolidated statement of cash flows and we will adopt ASU 2016-15 on January 1, 2018. In November 2016, the FASB issued ASU No. 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash" ("ASU 2016-18"). ASU 2016-18 requires that the statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents when reconciling the beginning- of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for annual periods beginning after December 15, 2017. We expect ASU 2016-18 to impact the presentation of our consolidated statement of cash flows and we will adopt ASU 2016-18 on January 1, 2018. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeting Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). ASU 2017-12 is intended to better align financial reporting for hedging activities with the economic objectives of those activities. As a result of the transition guidance, cumulative ineffectiveness that has been previously recognized on cash flow and net investment hedges that are still outstanding and designated as of the date of adoption will be adjusted and removed from beginning retained earnings and placed in accumulated other comprehensive income. ASU 2017-12 is effective for annual periods beginning after December 15, 2018. We continue to assess all the potential impacts of ASU 2017-12, however, we do not expect the adoption to have a material impact on our financial condition or results of operations.

Investment in Real Estate

Investment in Real Estate	9 Months Ended
	Sep. 30, 2017
Real Estate [Abstract]
Investment in Real Estate	Investment in Real Estate REIT Acquisition On August 15, 2017, via a stock purchase agreement, we acquired a private real estate investment trust that owns one industrial property consisting of 0.2 million square feet of GLA from a third party seller in exchange for $20,962 , exclusive of closing costs and credits (“REIT Acquisition”). As part of the REIT Acquisition, we acquired 100% of the private REIT’s common stock. Acquisitions During the nine months ended September 30, 2017, we acquired six industrial properties comprised of approximately 0.9 million square feet of GLA (inclusive of the REIT Acquisition) and several land parcels. The following table summarizes the 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, 2017: Purchase Price Weighted Average Life (in Months) Land $ 90,429 N/A Building and Improvements 61,973 (A) Other Assets 1,195 (B) In-Place Leases 6,670 70 Above Market Leases 127 34 Below Market Leases (1,420 ) 85 Total Purchase Price (C) $ 158,974 (A) See Note 2 to the consolidated financial statements in our 2016 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. (C) Excludes 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, 2017. Real Estate Held for Sale As of September 30, 2017, we had eight industrial properties comprised of approximately 1.1 million square feet of GLA and one land parcel held for sale. Sales During the nine months ended September 30, 2017, we sold 30 industrial properties comprised of approximately 1.9 million square feet of GLA. Gross proceeds from the sales of these industrial properties were $99,279 . The gain on sale of real estate was $52,140 .

Indebtedness

Indebtedness	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Indebtedness	Indebtedness The following table discloses certain information regarding our indebtedness: Outstanding Balance at Interest Rate at September 30, 2017 Effective Interest Rate at Issuance Maturity Date September 30, 2017 December 31, 2016 Mortgage Loans Payable, Gross $ 454,283 $ 498,435 4.03% – 8.26% 3.82% – 8.26% June 2018 – September 2022 Unamortized Deferred Financing Costs (2,033 ) (2,905 ) Unamortized Premiums 301 426 Mortgage Loans Payable, Net $ 452,551 $ 495,956 Senior Unsecured Notes, Gross 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 N/A N/A 5/15/2017 2027 Private Placement Notes 125,000 — 4.30% 4.30% 4/20/2027 2029 Private Placement Notes 75,000 — 4.40% 4.40% 4/20/2029 Subtotal $ 303,552 $ 205,423 Unamortized Deferred Financing Costs (1,864 ) (320 ) Unamortized Discounts (86 ) (105 ) Senior Unsecured Notes, Net $ 301,602 $ 204,998 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 (2,862 ) (3,362 ) Unsecured Term Loans, Net $ 457,138 $ 456,638 Unsecured Credit Facility (B) $ 157,000 $ 189,500 2.39% N/A 3/11/2019 (A) The interest rate at September 30, 2017 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 $1,881 and $2,876 as of September 30, 2017 and December 31, 2016, respectively, which are included in prepaid expenses and other assets on the consolidated balance sheets. Mortgage Loans Payable, Net During the nine months ended September 30, 2017, we paid off mortgage loans in the amount of $36,108 . In connection with the mortgage loans paid off during the nine months ended September 30, 2017, we recognized $1,653 as loss from retirement of debt representing prepayment penalties and the write-off of unamortized deferred financing costs. As of September 30, 2017, mortgage loans payable are collateralized, and in some instances cross-collateralized, by industrial properties with a net carrying value of $580,202 . We believe the Operating Partnership and the Company were in compliance with all covenants relating to mortgage loans as of September 30, 2017. Senior Unsecured Notes, Net During the nine months ended September 30, 2017, the Operating Partnership issued $125,000 of 4.30% Series A Guaranteed Senior Notes due April 20, 2027 (the “2027 Private Placement Notes”) and $75,000 of 4.40% Series B Guaranteed Senior Notes due April 20, 2029 (the “2029 Private Placement Notes”) (collectively, the "Private Placement Notes") in a private placement pursuant to a Note and Guaranty Agreement dated February 21, 2017. The 2027 Private Placement Notes and the 2029 Private Placement Notes are unsecured obligations of the Operating Partnership that are fully and unconditionally guaranteed by the Company and require semi-annual interest payments. Additionally, during the nine months ended September 30, 2017, we paid off and retired our 2017 II Notes (as described in the table above), at maturity in the amount of $101,871 . 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 2017 $ 57,662 2018 165,449 2019 236,329 2020 58,762 2021 266,818 Thereafter 589,815 Total $ 1,374,835 Our unsecured credit facility (the "Unsecured Credit Facility"), the Unsecured Term Loans (as defined in Note 10), the Private Placement Notes 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, the Private Placement Notes and indentures governing our senior unsecured notes as of September 30, 2017. 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, 2017 and December 31, 2016, the fair value of our indebtedness was as follows: September 30, 2017 December 31, 2016 Carrying Amount (A) Fair Value Carrying Amount (A) Fair Value Mortgage Loans Payable, Net $ 454,584 $ 466,999 $ 498,861 $ 513,540 Senior Unsecured Notes, Net 303,466 325,580 205,318 222,469 Unsecured Term Loans 460,000 468,089 460,000 458,602 Unsecured Credit Facility 157,000 157,116 189,500 189,500 Total $ 1,375,050 $ 1,417,784 $ 1,353,679 $ 1,384,111 (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, 2017
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, net of intercompany amounts: September 30, 2017 December 31, 2016 ASSETS Assets: Net Investment in Real Estate $ 279,626 $ 278,398 Other Assets, Net 23,976 24,401 Total Assets $ 303,602 $ 302,799 LIABILITIES AND PARTNERS’ CAPITAL Liabilities: Mortgage Loans Payable, Net $ 61,586 $ 70,366 Other Liabilities, Net 9,602 9,138 Partners’ Capital 232,414 223,295 Total Liabilities and Partners’ Capital $ 303,602 $ 302,799

Stockholders_ Equity of the Com

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership	9 Months Ended
	Sep. 30, 2017
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, 2017, the Company issued 2,560,000 shares of the Company's common stock in an underwritten public offering. Proceeds to the Company, net of the underwriter's discount, were $74,880 . The proceeds were contributed to the Operating Partnership in exchange for General Partner Units and are reflected in the financial statements as a general partner contribution. Increased Authorized Shares of Common Stock On May 11, 2017, we filed an amendment to the Company’s articles of incorporation, increasing the number of shares of the Company’s common stock authorized for issuance from 150 million to 225 million shares. Noncontrolling Interest of the Company The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2017 and 2016: 2017 2016 Balance as of December 31 $ 43,184 $ 42,035 Net Income 3,531 3,635 Unit Distributions (2,544 ) (2,436 ) Other Comprehensive Income 51 (449 ) Conversion of Limited Partner Units to Common Stock (A) (39 ) (819 ) Reallocation - Additional Paid-in-Capital 1,569 2,489 Reallocation - Other Comprehensive Income 3 — Balance as of September 30 $ 45,755 $ 44,455 (A) For the nine months ended September 30, 2017 and 2016, 3,437 and 76,674 Limited Partner Units, respectively, were converted into an equivalent number of shares of common stock of the Company, resulting in a reclassification of $39 and $819 , respectively, of noncontrolling interest to the Company’s stockholders’ equity. 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, 2017 and 2016: 2017 2016 Balance as of December 31 $ 956 $ 1,096 Net Income 96 112 Contributions 29 114 Distributions (284 ) (264 ) Balance as of September 30 $ 797 $ 1,058 Dividends/Distributions During the nine months ended September 30, 2017, we declared $77,923 common stock dividends and Unit distributions.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2017
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, 2017: 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, 2016 $ (4,804 ) $ (4,804 ) $ 161 (4,643 ) Other Comprehensive Income Before Reclassifications (2,122 ) (2,122 ) (54 ) (2,176 ) Amounts Reclassified from Accumulated Other Comprehensive Loss 3,666 3,666 — 3,666 Net Current Period Other Comprehensive Income 1,544 1,544 (54 ) 1,490 Balance as of September 30, 2017 $ (3,260 ) $ (3,260 ) $ 107 $ (3,153 ) The following table summarizes the reclassifications out of accumulated other comprehensive loss for both the Company and the Operating Partnership for the nine months ended September 30, 2017 and 2016: Amounts Reclassified from Accumulated Other Comprehensive Loss Details about Accumulated Other Comprehensive Loss Components Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Affected Line Items in the Consolidated Statements of Operations Interest Rate Protection Agreements: Amortization of Interest Rate Protection Agreements (Previously Settled) $ 24 $ 96 $ 180 $ 294 Interest Expense Settlement Payments to our Counterparties 912 1,774 3,486 5,425 Interest Expense Total $ 936 $ 1,870 $ 3,666 $ 5,719 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 $95 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, 2017
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, 2017 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Numerator: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 43,198 $ 31,519 $ 103,469 $ 97,436 Net Income Allocable to Participating Securities (145 ) (110 ) (327 ) (329 ) Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 43,053 $ 31,409 $ 103,142 $ 97,107 Denominator (In Thousands): Weighted Average Shares - Basic 119,446 116,467 117,870 114,491 Effect of Dilutive Securities: LTIP Unit Awards (As Defined in Note 9) 544 397 482 318 Weighted Average Shares - Diluted 119,990 116,864 118,352 114,809 Basic EPS: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.36 $ 0.27 $ 0.88 $ 0.85 Diluted EPS: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.36 $ 0.27 $ 0.87 $ 0.85 The computation of basic and diluted EPU of the Operating Partnership is presented below: Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Numerator: Net Income Available to Unitholders and Participating Securities $ 44,613 $ 32,630 $ 106,904 $ 100,959 Net Income Allocable to Participating Securities (145 ) (110 ) (327 ) (328 ) Net Income Available to Unitholders $ 44,468 $ 32,520 $ 106,577 $ 100,631 Denominator (In Thousands): Weighted Average Units - Basic 123,483 120,740 121,909 118,781 Effect of Dilutive Securities that Result in the Issuance of General Partner Units: LTIP Unit Awards (As Defined in Note 9) 544 397 482 318 Weighted Average Units - Diluted 124,027 121,137 122,391 119,099 Basic EPU: Net Income Available to Unitholders $ 0.36 $ 0.27 $ 0.87 $ 0.85 Diluted EPU: Net Income Available to Unitholders $ 0.36 $ 0.27 $ 0.87 $ 0.84 Participating securities include 401,217 and 406,855 of unvested restricted stock or restricted Unit awards outstanding at September 30, 2017 and 2016, 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, 2017
Share-based Compensation [Abstract]
Benefit Plans	Benefit Plans Restricted Stock or Restricted Unit Awards For the nine months ended September 30, 2017, the Company awarded 252,213 shares of restricted stock awards to certain employees, which had an aggregate fair value of $6,631 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, 2017, the Company awarded 15,108 shares of restricted stock to non-employee members of the Board of Directors, which had an aggregate fair value of $420 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 both the nine months ended September 30, 2017 and 2016, we recognized $1,590 of compensation expense related to restricted stock or restricted Unit awards granted to our former Chief Executive Officer for which future service was not required. LTIP Unit Awards For the nine months ended September 30, 2017, the Company granted to certain employees 195,951 Long-Term Incentive Program ("LTIP") performance units ("LTIP Unit Awards"), which had a fair value of $2,473 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 over a performance period of three years. 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 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 $1,844 and $1,428 for the three months ended September 30, 2017 and 2016, respectively and $6,767 and $5,898 for the nine months ended September 30, 2017 and 2016 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, 2017, we had $9,629 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 0.94 years.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2017
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. Our agreements with our derivative counterparties contain provisions whereby a default on any of our indebtedness, could cause us to be declared in default on our derivative obligations subject to certain thresholds. As of September 30, 2017, 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. Fair Value Hedges 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. Derivative Instruments Not Designated for Hedge Accounting Treatment In September 2017, we entered into two interest rate protection agreements (the "Treasury Locks"), with an aggregate notional value of $100,000 , in order to fix the interest rate on an anticipated unsecured debt offering. The Treasury Locks fix the ten year U.S. Treasury rate at a weighted average rate of approximately 2.18% and are required to be cash settled by March 2, 2018. Due to the strict requirements surrounding the application of hedge accounting, we elected not to designate the Treasury Locks as hedges. As such, the full change in the fair value of the Treasury Locks during the third quarter is recorded as a mark-to-market gain on interest rate protection agreements within the income statement as opposed to being recorded in other comprehensive income. For the three months ended September 30, 2017, we recognized $1,848 in mark-to-market gain on interest rate protection agreements related to the Treasury Locks. The following table sets forth our financial assets and liabilities related to the 2015 Swaps and the Treasury Locks, which are included in prepaid expenses and other assets on the consolidated balance sheets, and the 2014 Swaps, which are included in accounts payable, accrued expenses and other liabilities on the consolidated balance sheets, and all of which are accounted for at fair value on a recurring basis as of September 30, 2017: 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) Derivatives designated as a hedging instrument: Assets: 2015 Swaps $ 1,174 — $ 1,174 — Liabilities: 2014 Swaps $ (3,405 ) — $ (3,405 ) — Derivatives not designated as a hedging instrument: Assets: Treasury Locks $ 1,848 — $ 1,848 — 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, 2015 Swaps and the Treasury Locks 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, the 2015 Swaps and the Treasury Locks fell within Level 2 of the fair value hierarchy.

Related Party Transactions Rela

Related Party Transactions Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Related Party Transactions At September 30, 2017 and December 31, 2016, the Operating Partnership had receivable balances of $10,194 and $10,448 , respectively, from a direct wholly-owned subsidiary of the Company.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
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, 2017, we had nine industrial properties totaling approximately 2.7 million square feet of GLA under construction. The estimated total investment as of September 30, 2017 is approximately $192,600 . Of this amount, approximately $120,900 remains to be funded. There can be no assurance that the actual completion cost will not exceed the estimated total investment. During the year ended December 31, 2016, a fire significantly destroyed one industrial property totaling approximately 0.03 million square feet of GLA located in San Diego, California (the “2016 Fire”). In a separate event, on April 3, 2017, a fire caused significant damage to one industrial property totaling approximately 0.08 million square feet of GLA located in Los Angeles, California (the “2017 Fire”). During the respective periods in which the fires occurred, we wrote off the unamortized net book value of the building improvements for the damaged portions of the industrial properties and recorded a receivable from our insurance company for the amount of the write off, less our $25 deductible per occurrence. As of September 30, 2017, we have an aggregate receivable outstanding from the insurance company for both the 2016 Fire and the 2017 Fire of $8,830 . While we believe the damages incurred due to the 2016 Fire and 2017 Fire are fully insured and reimbursable in accordance with our insurance policies, subject to the deductibles, there can be no assurance that the cost to repair the damages will be collected.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events From October 1, 2017 to October 26, 2017, we sold nine industrial properties for approximately $54,075 . From October 1, 2017 to October 26, 2017, we acquired one industrial property for a purchase price of approximately $8,235 , excluding costs and credits incurred in conjunction with the acquisition of the property.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
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, 2016 ("2016 Form 10-K") and should be read in conjunction with such consolidated financial statements and related notes. The 2016 year end consolidated balance sheet data included in this Form 10-Q filing was derived from the audited consolidated financial statements in our 2016 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, 2016 audited consolidated financial statements included in our 2016 Form 10-K and present interim disclosures as required by the Securities and Exchange Commission.
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, 2017 and December 31, 2016, and the reported amounts of revenues and expenses for the three and nine months ended September 30, 2017 and 2016. 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, 2017 and December 31, 2016, the results of our operations and comprehensive income for each of the three and nine months ended September 30, 2017 and 2016, and our cash flows for each of the nine months ended September 30, 2017 and 2016. All adjustments are of a normal recurring nature.
Investment in Real Estate and Depreciation	Investment in Real Estate and Depreciation Effective January 1, 2017, we adopted Accounting Standards Update ("ASU") No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business" ("ASU 2017-01"). ASU 2017-01 clarifies the framework for determining whether an integrated set of assets and activities meets the definition of a business. The revised framework establishes a screen for determining whether an integrated set of assets and activities is a business and narrows the definition of a business, which is expected to result in fewer transactions being accounted for as business combinations. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. We applied ASU 2017-01 prospectively. We anticipate that our acquisitions of real estate in the future will generally not meet the definition of a business combination and, accordingly; transaction costs which have historically been expensed will be capitalized as part of the basis of the real estate assets acquired.
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 to in exchange for those goods or services. ASU 2014-09 is effective for annual periods beginning after December 15, 2017. We will adopt the new standard effective January 1, 2018 and expect to utilize the modified retrospective approach upon adoption. While lease contracts with customers, which constitute a vast majority of our revenues, are a specific scope exception, certain of our revenue streams may be impacted by the new guidance, however we do not believe there will be a material financial statement impact or that our pattern of revenue recognition will be materially impacted by the adoption of ASU 2014-09. In February 2016, the Financial Accounting Standards Board (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. Under ASU 2016-02, lessees will be required to record a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term and a lease liability, which is a lessee’s right to use, or control the use of, a specified asset for the lease term. We are a lessee on certain ground and operating leases as disclosed in Note 14 to the consolidated financial statements in our 2016 Form 10-K. While we expect to record a right-of-use asset and lease liability upon adoption of this standard, we anticipate the impact will not be material to our overall financial condition and results of operations. We are the lessor on a significant number of leases, however, we believe that ASU 2016-02 will have minimal impact to our financial condition or results of operations as leases where we are the lessor will continue to be accounted for as operating leases. The most significant changes ASU 2016-02 will have to lessor accounting will be the requirement that lessors expense certain initial direct costs that are not incremental in negotiating a lease as incurred as well bifurcating lease generated revenue into lease and non-lease components. 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. If practical expedients are elected, we would not be required to reassess (1) whether an expired or existing contract meets the definition of a lease; (2) the lease classification for expired or existing leases; and (3) whether costs previously capitalized as initial direct costs would continue to be amortized. We are continuing the process of evaluating and quantifying the effect that ASU 2016-02 will have on our consolidated financial statements and related disclosures. We will adopt ASU 2016-02 on January 1, 2019 and anticipate electing the practical expedients. 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 with retrospective application required. We expect ASU 2016-15 to impact the presentation of our consolidated statement of cash flows and we will adopt ASU 2016-15 on January 1, 2018. In November 2016, the FASB issued ASU No. 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash" ("ASU 2016-18"). ASU 2016-18 requires that the statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents when reconciling the beginning- of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for annual periods beginning after December 15, 2017. We expect ASU 2016-18 to impact the presentation of our consolidated statement of cash flows and we will adopt ASU 2016-18 on January 1, 2018. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeting Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). ASU 2017-12 is intended to better align financial reporting for hedging activities with the economic objectives of those activities. As a result of the transition guidance, cumulative ineffectiveness that has been previously recognized on cash flow and net investment hedges that are still outstanding and designated as of the date of adoption will be adjusted and removed from beginning retained earnings and placed in accumulated other comprehensive income. ASU 2017-12 is effective for annual periods beginning after December 15, 2018. We continue to assess all the potential impacts of ASU 2017-12, however, we do not expect the adoption to have a material impact on our financial condition or results of operations.

Investment in Real Estate Inves

Investment in Real Estate Investment in Real Estate (Tables)	9 Months Ended
	Sep. 30, 2017
Real Estate [Abstract]
Summary of Acquisition Purchase Price Allocation	Purchase Price Weighted Average Life (in Months) Land $ 90,429 N/A Building and Improvements 61,973 (A) Other Assets 1,195 (B) In-Place Leases 6,670 70 Above Market Leases 127 34 Below Market Leases (1,420 ) 85 Total Purchase Price (C) $ 158,974 (A) See Note 2 to the consolidated financial statements in our 2016 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. (C) Excludes 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, 2017.

Indebtedness (Tables)

Indebtedness (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Summary of Indebtedness	The following table discloses certain information regarding our indebtedness: Outstanding Balance at Interest Rate at September 30, 2017 Effective Interest Rate at Issuance Maturity Date September 30, 2017 December 31, 2016 Mortgage Loans Payable, Gross $ 454,283 $ 498,435 4.03% – 8.26% 3.82% – 8.26% June 2018 – September 2022 Unamortized Deferred Financing Costs (2,033 ) (2,905 ) Unamortized Premiums 301 426 Mortgage Loans Payable, Net $ 452,551 $ 495,956 Senior Unsecured Notes, Gross 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 N/A N/A 5/15/2017 2027 Private Placement Notes 125,000 — 4.30% 4.30% 4/20/2027 2029 Private Placement Notes 75,000 — 4.40% 4.40% 4/20/2029 Subtotal $ 303,552 $ 205,423 Unamortized Deferred Financing Costs (1,864 ) (320 ) Unamortized Discounts (86 ) (105 ) Senior Unsecured Notes, Net $ 301,602 $ 204,998 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 (2,862 ) (3,362 ) Unsecured Term Loans, Net $ 457,138 $ 456,638 Unsecured Credit Facility (B) $ 157,000 $ 189,500 2.39% N/A 3/11/2019 (A) The interest rate at September 30, 2017 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 $1,881 and $2,876 as of September 30, 2017 and December 31, 2016, respectively, which are included in prepaid expenses and other assets 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 2017 $ 57,662 2018 165,449 2019 236,329 2020 58,762 2021 266,818 Thereafter 589,815 Total $ 1,374,835
Summary of Indebtedness at Estimated Fair Value	At September 30, 2017 and December 31, 2016, the fair value of our indebtedness was as follows: September 30, 2017 December 31, 2016 Carrying Amount (A) Fair Value Carrying Amount (A) Fair Value Mortgage Loans Payable, Net $ 454,584 $ 466,999 $ 498,861 $ 513,540 Senior Unsecured Notes, Net 303,466 325,580 205,318 222,469 Unsecured Term Loans 460,000 468,089 460,000 458,602 Unsecured Credit Facility 157,000 157,116 189,500 189,500 Total $ 1,375,050 $ 1,417,784 $ 1,353,679 $ 1,384,111 (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, 2017
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, net of intercompany amounts: September 30, 2017 December 31, 2016 ASSETS Assets: Net Investment in Real Estate $ 279,626 $ 278,398 Other Assets, Net 23,976 24,401 Total Assets $ 303,602 $ 302,799 LIABILITIES AND PARTNERS’ CAPITAL Liabilities: Mortgage Loans Payable, Net $ 61,586 $ 70,366 Other Liabilities, Net 9,602 9,138 Partners’ Capital 232,414 223,295 Total Liabilities and Partners’ Capital $ 303,602 $ 302,799

Stockholders_ Equity of the C25

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership (Tables)	9 Months Ended
	Sep. 30, 2017
Noncontrolling Interest Rollforward	The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2017 and 2016: 2017 2016 Balance as of December 31 $ 43,184 $ 42,035 Net Income 3,531 3,635 Unit Distributions (2,544 ) (2,436 ) Other Comprehensive Income 51 (449 ) Conversion of Limited Partner Units to Common Stock (A) (39 ) (819 ) Reallocation - Additional Paid-in-Capital 1,569 2,489 Reallocation - Other Comprehensive Income 3 — Balance as of September 30 $ 45,755 $ 44,455 (A) For the nine months ended September 30, 2017 and 2016, 3,437 and 76,674 Limited Partner Units, respectively, were converted into an equivalent number of shares of common stock of the Company, resulting in a reclassification of $39 and $819 , respectively, of noncontrolling interest to the Company’s stockholders’ equity.
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, 2017 and 2016: 2017 2016 Balance as of December 31 $ 956 $ 1,096 Net Income 96 112 Contributions 29 114 Distributions (284 ) (264 ) Balance as of September 30 $ 797 $ 1,058

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017: 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, 2016 $ (4,804 ) $ (4,804 ) $ 161 (4,643 ) Other Comprehensive Income Before Reclassifications (2,122 ) (2,122 ) (54 ) (2,176 ) Amounts Reclassified from Accumulated Other Comprehensive Loss 3,666 3,666 — 3,666 Net Current Period Other Comprehensive Income 1,544 1,544 (54 ) 1,490 Balance as of September 30, 2017 $ (3,260 ) $ (3,260 ) $ 107 $ (3,153 )
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 nine months ended September 30, 2017 and 2016: Amounts Reclassified from Accumulated Other Comprehensive Loss Details about Accumulated Other Comprehensive Loss Components Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Affected Line Items in the Consolidated Statements of Operations Interest Rate Protection Agreements: Amortization of Interest Rate Protection Agreements (Previously Settled) $ 24 $ 96 $ 180 $ 294 Interest Expense Settlement Payments to our Counterparties 912 1,774 3,486 5,425 Interest Expense Total $ 936 $ 1,870 $ 3,666 $ 5,719

Earnings Per Share _ Unit (EP27

Earnings Per Share / Unit (EPS / EPU) (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Numerator: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 43,198 $ 31,519 $ 103,469 $ 97,436 Net Income Allocable to Participating Securities (145 ) (110 ) (327 ) (329 ) Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 43,053 $ 31,409 $ 103,142 $ 97,107 Denominator (In Thousands): Weighted Average Shares - Basic 119,446 116,467 117,870 114,491 Effect of Dilutive Securities: LTIP Unit Awards (As Defined in Note 9) 544 397 482 318 Weighted Average Shares - Diluted 119,990 116,864 118,352 114,809 Basic EPS: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.36 $ 0.27 $ 0.88 $ 0.85 Diluted EPS: Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.36 $ 0.27 $ 0.87 $ 0.85
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, 2017 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Numerator: Net Income Available to Unitholders and Participating Securities $ 44,613 $ 32,630 $ 106,904 $ 100,959 Net Income Allocable to Participating Securities (145 ) (110 ) (327 ) (328 ) Net Income Available to Unitholders $ 44,468 $ 32,520 $ 106,577 $ 100,631 Denominator (In Thousands): Weighted Average Units - Basic 123,483 120,740 121,909 118,781 Effect of Dilutive Securities that Result in the Issuance of General Partner Units: LTIP Unit Awards (As Defined in Note 9) 544 397 482 318 Weighted Average Units - Diluted 124,027 121,137 122,391 119,099 Basic EPU: Net Income Available to Unitholders $ 0.36 $ 0.27 $ 0.87 $ 0.85 Diluted EPU: Net Income Available to Unitholders $ 0.36 $ 0.27 $ 0.87 $ 0.84

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Measurements on Recurring Basis	The following table sets forth our financial assets and liabilities related to the 2015 Swaps and the Treasury Locks, which are included in prepaid expenses and other assets on the consolidated balance sheets, and the 2014 Swaps, which are included in accounts payable, accrued expenses and other liabilities on the consolidated balance sheets, and all of which are accounted for at fair value on a recurring basis as of September 30, 2017: 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) Derivatives designated as a hedging instrument: Assets: 2015 Swaps $ 1,174 — $ 1,174 — Liabilities: 2014 Swaps $ (3,405 ) — $ (3,405 ) — Derivatives not designated as a hedging instrument: Assets: Treasury Locks $ 1,848 — $ 1,848 —

Organization - Additional Infor

Organization - Additional Information (Details) ft² in Millions	9 Months Ended
	Sep. 30, 2017ft²PropertyState
Organization [Line Items]
Company's ownership interest	96.70%
Limited partners' ownership interest in the Operating Partnership	3.30%
Number of industrial properties owned | Property	516
Number of states in which industrial properties are located | State	22
Gross leasable area (GLA) of industrial properties owned | ft²	62.8
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 (Details) $ in Thousands, ft² in Millions	9 Months Ended
	Sep. 30, 2017USD ($)ft²Property
Real Estate Properties [Line Items]
Number of industrial properties	516
Gross leasable area (GLA) of industrial properties | ft²	62.8
REIT Acquisition
Real Estate Properties [Line Items]
Number of industrial properties	1
Gross leasable area (GLA) of industrial properties | ft²	0.2
Purchase Price | $	$ 20,962
Ownership interest acquired	100.00%
Acquisition Activity
Real Estate Properties [Line Items]
Number of industrial properties	6
Gross leasable area (GLA) of industrial properties | ft²	0.9
Purchase Price | $	$ 158,974
Held For Sale Activity
Real Estate Properties [Line Items]
Number of industrial properties	8
Gross leasable area (GLA) of industrial properties | ft²	1.1
Number of land parcels held for sale	1
Disposition Activity
Real Estate Properties [Line Items]
Number of industrial properties	30
Gross leasable area (GLA) of industrial properties | ft²	1.9
Proceeds from sale of industrial properties | $	$ 99,279
Gain on sale of real estate | $	$ 52,140

Investment in Real Estate Inv31

Investment in Real Estate Investment in Real Estate - Summary of Purchase Price Allocation (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Real Estate [Line Items]
Land	$ 870,151	$ 794,821
Buildings and Improvements	2,554,194	$ 2,523,015
Acquisition Activity
Real Estate [Line Items]
Land	90,429
Buildings and Improvements	61,973
Other Assets	1,195
Purchase price of industrial properties acquired	158,974
Acquisition Activity | In-Place
Real Estate [Line Items]
Acquired finite lived intangible assets, fair value	$ (6,670)
Acquired finite lived intangible assets, weighted average life	70 months
Acquisition Activity | Above Market Leases
Real Estate [Line Items]
Acquired finite lived intangible assets, fair value	$ (127)
Acquired finite lived intangible assets, weighted average life	34 months
Acquisition Activity | Below Market Leases
Real Estate [Line Items]
Acquired finite lived intangible liabilities, fair value	$ (1,420)
Acquired finite-lived intangible liabilities, weighted average useful life	85 months

Indebtedness - Summary of Indeb

Indebtedness - Summary of Indebtedness (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Mortgage Loans Payable, Net		$ 452,551	$ 495,956
Senior Unsecured Notes, Net		301,602	204,998
Unsecured Term Loans, Net		457,138	456,638
Unsecured Credit Facility		157,000	189,500
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		$ 0	101,871
Maturity Date		May 15, 2017
2027 Private Placement Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross		$ 125,000	0
Interest Rate		4.30%
Effective Interest Rate		4.30%
Maturity Date		Apr. 20, 2027
2029 Private Placement Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross		$ 75,000	0
Interest Rate		4.40%
Effective Interest Rate		4.40%
Maturity Date		Apr. 20, 2029
2014 Unsecured Term Loan (A)
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 (A)
Debt Instrument [Line Items]
Unsecured Term Loans, Gross	[1]	$ 260,000	260,000
Interest Rate	[1]	3.39%
Maturity Date	[1]	Sep. 12, 2022
Mortgage Loans Payable
Debt Instrument [Line Items]
Mortgage Loans Payable, Gross		$ 454,283	498,435
Unamortized Deferred Financing Costs		(2,033)	(2,905)
Unamortized Premiums		301	426
Mortgage Loans Payable, Net		$ 452,551	495,956
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		$ (1,864)	(320)
Senior Unsecured Notes, Gross		303,552	205,423
Unamortized Discounts		86	105
Senior Unsecured Notes, Net		301,602	204,998
Unsecured Term Loan
Debt Instrument [Line Items]
Unamortized Deferred Financing Costs		(2,862)	(3,362)
Unsecured Term Loans, Gross		460,000	460,000
Unsecured Term Loans, Net		457,138	456,638
Unsecured Credit Facility
Debt Instrument [Line Items]
Unamortized Deferred Financing Costs		(1,881)	(2,876)
Unsecured Credit Facility	[2]	$ 157,000	$ 189,500
Interest Rate	[2]	2.39%
Maturity Date	[2]	Mar. 11, 2019
Minimum | Mortgage Loans Payable
Debt Instrument [Line Items]
Interest Rate		4.03%
Effective Interest Rate		3.82%
Maximum | Mortgage Loans Payable
Debt Instrument [Line Items]
Interest Rate		8.26%
Effective Interest Rate		8.26%
[1]	The interest rate at September 30, 2017 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 $1,881 and $2,876 as of September 30, 2017 and December 31, 2016, respectively, which are included in prepaid expenses and other assets on the consolidated balance sheets.

Indebtedness - Additional Infor

Indebtedness - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Debt Instrument [Line Items]
Loss from Retirement of Debt	$ 0	$ 0	$ (1,653)	$ 0
Mortgage Loans Payable
Debt Instrument [Line Items]
Unamortized deferred financing costs	2,033		2,033		$ 2,905
Extinguishment of debt, amount			36,108
Loss from Retirement of Debt			1,653
Net carrying value of industrial properties collateralized by mortgage loans	580,202		580,202
Senior Unsecured Notes
Debt Instrument [Line Items]
Unamortized deferred financing costs	1,864		1,864		320
Senior Unsecured Notes, Gross	303,552		303,552		205,423
Unsecured Term Loan
Debt Instrument [Line Items]
Unamortized deferred financing costs	2,862		2,862		3,362
Unsecured Credit Facility
Debt Instrument [Line Items]
Unamortized deferred financing costs	1,881		1,881		2,876
2027 Private Placement Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross	$ 125,000		$ 125,000		0
Effective Interest Rate	4.30%		4.30%
2029 Private Placement Notes
Debt Instrument [Line Items]
Senior Unsecured Notes, Gross	$ 75,000		$ 75,000		0
Effective Interest Rate	4.40%		4.40%
2017 II Notes
Debt Instrument [Line Items]
Extinguishment of debt, amount			$ 101,871
Senior Unsecured Notes, Gross	$ 0		$ 0		$ 101,871

Indebtedness - Schedule of Matu

Indebtedness - Schedule of Maturities (Details) $ in Thousands	Sep. 30, 2017USD ($)
Debt Disclosure [Abstract]
Remainder of 2017	$ 57,662
2,018	165,449
2,019	236,329
2,020	58,762
2,021	266,818
Thereafter	589,815
Total	$ 1,374,835

Indebtedness - Summary of Ind35

Indebtedness - Summary of Indebtedness at Estimated Fair Value (Details) - USD ($) $ in Thousands		Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Carrying Amount	[1]	$ 1,375,050	$ 1,353,679
Fair Value		1,417,784	1,384,111
Mortgage Loans Payable
Debt Instrument [Line Items]
Carrying Amount	[1]	454,584	498,861
Fair Value		466,999	513,540
Senior Unsecured Notes
Debt Instrument [Line Items]
Carrying Amount	[1]	303,466	205,318
Fair Value		325,580	222,469
Unsecured Term Loan
Debt Instrument [Line Items]
Carrying Amount	[1]	460,000	460,000
Fair Value		468,089	458,602
Unsecured Credit Facility
Debt Instrument [Line Items]
Carrying Amount	[1]	157,000	189,500
Fair Value		$ 157,116	$ 189,500
[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 (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets:
Net Investment in Real Estate	$ 2,697,975	$ 2,588,422
Total Assets	2,927,826	2,793,263
Liabilities and Partners' Capital:
Mortgage Loans Payable, Net	452,551	495,956
Total Liabilities and Equity/Partners' Capital	2,927,826	2,793,263
Other Real Estate Partnerships
Assets:
Net Investment in Real Estate	279,626	278,398
Other Assets, Net	23,976	24,401
Total Assets	303,602	302,799
Liabilities and Partners' Capital:
Mortgage Loans Payable, Net	61,586	70,366
Other Liabilities, Net	9,602	9,138
Partners’ Capital	232,414	223,295
Total Liabilities and Equity/Partners' Capital	$ 303,602	$ 302,799

Stockholders_ Equity of the C37

Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Class of Stock [Line Items]
Net proceeds from issuance of common stock	$ 74,880	$ 124,936
Common Stock, shares authorized	225,000,000		150,000,000
Conversion of Limited Partner Units to Common Stock / General Partner Units	$ 0	$ 0
Common stock dividends and Unit distributions	$ 77,923
Common Stock / Operating Partnership Units
Class of Stock [Line Items]
Shares of common stock issued	2,560,000
Net proceeds from issuance of common stock	$ 74,880
Conversion of Limited Partner Units to Common Stock / General Partner Units, Shares	3,437	76,674
Conversion of Limited Partner Units to Common Stock / General Partner Units	$ 39	$ 819
Common stock dividends and Unit distributions	77,923
First Industrial, L.P.
Class of Stock [Line Items]
Net proceeds from issuance of common stock	74,880	124,936
Conversion of Limited Partner Units to Common Stock / General Partner Units	$ 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 (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Noncontrolling Interest [Line Items]
Beginning Balance			$ 43,184
Net Income	$ 1,458	$ 1,149	3,531	$ 3,635
Unit Distributions			(77,923)
Other Comprehensive Income			1,544
Conversion of Limited Partner Units to Common Stock / General Partner Units			0	0
Reallocation - Additional Paid-in-Capital			0
Reallocation - Other Comprehensive Income	(1,479)	(1,295)	(3,582)	(3,147)
Ending Balance	45,755		45,755
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Beginning Balance			43,184	42,035
Net Income			3,531	3,635
Unit Distributions			(2,544)	(2,436)
Other Comprehensive Income			51	(449)
Conversion of Limited Partner Units to Common Stock / General Partner Units			(39)	(819)
Reallocation - Additional Paid-in-Capital			1,569	2,489
Reallocation - Other Comprehensive Income			3	0
Ending Balance	45,755	44,455	45,755	44,455
First Industrial, L.P.
Noncontrolling Interest [Line Items]
Beginning Balance			956
Net Income	43	38	96	112
Contributions			29
Distributions			(284)
Other Comprehensive Income			1,544
Conversion of Limited Partner Units to Common Stock / General Partner Units			0	0
Reallocation - Other Comprehensive Income	(43)	(38)	(96)	(112)
Ending Balance	797		797
First Industrial, L.P. | Noncontrolling Interest
Noncontrolling Interest [Line Items]
Beginning Balance			956	1,096
Net Income			96	112
Contributions			29	114
Distributions			(284)	(264)
Ending Balance	$ 797	$ 1,058	$ 797	$ 1,058

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Loss (Changes in AOCI) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ (4,643)
Other Comprehensive Income Before Reclassifications	(2,176)
Amounts Reclassified from Accumulated Other Comprehensive Loss	3,666
Net Current Period Other Comprehensive Income	1,490
Balance	(3,153)
Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(4,804)
Other Comprehensive Income Before Reclassifications	(2,122)
Amounts Reclassified from Accumulated Other Comprehensive Loss	3,666
Net Current Period Other Comprehensive Income	1,544
Balance	(3,260)
Comprehensive Loss Attributable to Noncontrolling Interest of the Company
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	161
Other Comprehensive Income Before Reclassifications	(54)
Amounts Reclassified from Accumulated Other Comprehensive Loss	0
Net Current Period Other Comprehensive Income	(54)
Balance	107
First Industrial, L.P.
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(4,804)
Balance	(3,260)
First Industrial, L.P. | Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	(4,804)
Other Comprehensive Income Before Reclassifications	(2,122)
Amounts Reclassified from Accumulated Other Comprehensive Loss	3,666
Net Current Period Other Comprehensive Income	1,544
Balance	$ (3,260)

Accumulated Other Comprehensi40

Accumulated Other Comprehensive Loss (Amounts Reclassified from AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest Expense - Amortization of IRPAs	$ 14,376	$ 14,407	$ 43,660	$ 45,255
Total	9,965	1,613	6,339	13,136
Interest Rate Swap | Reclassification out of Accumulated Other Comprehensive Income | Interest Rate Protection Agreements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest Expense - Amortization of IRPAs	24	96	180	294
Interest Expense - Settlement Payments	912	1,774	3,486	5,425
Total	$ 936	$ 1,870	$ 3,666	$ 5,719

Accumulated Other Comprehensi41

Accumulated Other Comprehensive Loss - Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Accumulated Other Comprehensive Loss [Abstract]
Amortization to be reclassified from OCI into income	$ 95

Earnings Per Share _ Unit (EP42

Earnings Per Share / Unit (EPS / EPU) - Computation of Basic and Diluted EPS / EPU (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator:
Net Income Available to Common Stockholders / Unitholders and Participating Securities	$ 43,198	$ 31,519	$ 103,469	$ 97,436
Net Income Allocable to Participating Securities	(145)	(110)	(327)	(329)
Net Income Available to Common Stockholders / Unitholders	$ 43,053	$ 31,409	$ 103,142	$ 97,107
Denominator:
Weighted Average Shares / Units - Basic	119,446	116,467	117,870	114,491
LTIP Unit Awards (As Defined in Note 9)	544	397	482	318
Weighted Average Shares / Units - Diluted	119,990	116,864	118,352	114,809
Basic Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.36	$ 0.27	$ 0.88	$ 0.85
Diluted Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.36	$ 0.27	$ 0.87	$ 0.85
First Industrial, L.P.
Numerator:
Net Income Available to Common Stockholders / Unitholders and Participating Securities	$ 44,613	$ 32,630	$ 106,904	$ 100,959
Net Income Allocable to Participating Securities	(145)	(110)	(327)	(328)
Net Income Available to Common Stockholders / Unitholders	$ 44,468	$ 32,520	$ 106,577	$ 100,631
Denominator:
Weighted Average Shares / Units - Basic	123,483	120,740	121,909	118,781
LTIP Unit Awards (As Defined in Note 9)	544	397	482	318
Weighted Average Shares / Units - Diluted	124,027	121,137	122,391	119,099
Basic Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.36	$ 0.27	$ 0.87	$ 0.85
Diluted Earnings Per Share / Unit:
Net Income Available to Common Stockholders / Unitholders	$ 0.36	$ 0.27	$ 0.87	$ 0.84

Earnings Per Share _ Unit (EP43

Earnings Per Share / Unit (EPS / EPU) - Additional Information (Details) - shares	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Unvested Restricted Stock / Unit Awards	401,217	406,855

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization related to restricted stock/Unit awards and LTIP Unit Awards	$ 1,844	$ 1,428	$ 6,767	$ 5,898
Unrecognized compensation related to unvested restricted stock/Unit awards and LTIP Unit Awards	9,629		$ 9,629
Weighted average period of unrecognized compensation expected to be recognized			342 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			252,213
Fair value of restricted stock/Unit awards and LTIP Unit Awards issued	6,631		$ 6,631
Vesting period of restricted stock/Unit awards issued			3 years
Compensation expense recognized at date of grant			$ 1,590	$ 1,590
Management | LTIP Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock/Unit awards and LTIP Unit Awards issued			195,951
Fair value of restricted stock/Unit awards and LTIP Unit Awards issued	2,473		$ 2,473
Vesting period of restricted stock/Unit awards issued			3 years
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			15,108
Fair value of restricted stock/Unit awards and LTIP Unit Awards issued	$ 420		$ 420
Vesting period of restricted stock/Unit awards issued			1 year

Derivatives - Additional Inform

Derivatives - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Derivative [Line Items]
Mark-to-Market Gain on Interest Rate Protection Agreements	$ 1,848	$ 0	$ 1,848	$ 0
2014 Swaps
Derivative [Line Items]
Debt Instrument, Term			7 years
Debt Instrument, Face Amount	$ 200,000		$ 200,000
Debt instrument, LIBOR Rate			one month LIBOR
Swaps, Number of Instruments Held	4		4
Swaps, Notional Amount	$ 200,000		$ 200,000
Swaps, Average Fixed Interest Rate	2.29%		2.29%
2015 Swaps
Derivative [Line Items]
Debt Instrument, Term			7 years
Debt Instrument, Face Amount	$ 260,000		$ 260,000
Debt instrument, LIBOR Rate			one month LIBOR
Swaps, Number of Instruments Held	6		6
Swaps, Notional Amount	$ 260,000		$ 260,000
Swaps, Average Fixed Interest Rate	1.79%		1.79%
Treasury Lock
Derivative [Line Items]
Debt instrument, LIBOR Rate			ten year U.S. Treasury
Swaps, Number of Instruments Held	2		2
Swaps, Notional Amount	$ 100,000		$ 100,000
Swaps, Average Fixed Interest Rate	2.18%		2.18%
Mark-to-Market Gain on Interest Rate Protection Agreements			$ 1,848

Derivatives - Fair Value Measur

Derivatives - Fair Value Measurements on Recurring Basis (Details) $ in Thousands	Sep. 30, 2017USD ($)
2015 Swaps
Derivatives, Fair Value [Line Items]
Hedging Instrument, Asset, Fair Value	$ 1,174
2015 Swaps | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Asset, Fair Value	0
2015 Swaps | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Asset, Fair Value	1,174
2015 Swaps | Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Asset, Fair Value	0
2014 Swaps
Derivatives, Fair Value [Line Items]
Hedging Instrument, Liability, Fair Value	(3,405)
2014 Swaps | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Liability, Fair Value	0
2014 Swaps | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Liability, Fair Value	(3,405)
2014 Swaps | Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Liability, Fair Value	0
Treasury Lock
Derivatives, Fair Value [Line Items]
Instruments Not Designated as Hedging, Asset, at Fair Value	1,848
Treasury Lock | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Liability, Fair Value	0
Treasury Lock | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Liability, Fair Value	(1,848)
Treasury Lock | Fair Value, Measurements, Recurring | Unobservable Inputs (Level 3)
Derivatives, Fair Value [Line Items]
Hedging Instrument, Liability, Fair Value	$ 0

Related Party Transactions Re47

Related Party Transactions Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Receivable balance due from a direct wholly-owned subsidiary	$ 10,194	$ 10,448

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) ft² in Thousands, $ in Thousands	Sep. 30, 2017USD ($)ft²Property	Apr. 03, 2017ft²	Dec. 31, 2016ft²
Other Commitments [Line Items]
Number of industrial properties | Property	516
Gross leasable area (GLA) of industrial properties | ft²	62,800
Insurance deductible | $	$ 25
Write off of unamortized net book value of building improvements | $	$ 8,830
Development Activity
Other Commitments [Line Items]
Number of industrial properties | Property	9
Gross leasable area (GLA) of industrial properties | ft²	2,700
Estimated total investment | $	$ 192,600
Estimated total investment remaining to be funded | $	$ 120,900
2016 Fire
Other Commitments [Line Items]
Number of industrial properties | Property	1
Gross leasable area (GLA) of industrial properties | ft²			30
2017 Fire
Other Commitments [Line Items]
Number of industrial properties | Property	1
Gross leasable area (GLA) of industrial properties | ft²		80

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ in Thousands	1 Months Ended	9 Months Ended
	Oct. 26, 2017USD ($)Property	Sep. 30, 2017USD ($)Property
Subsequent Event [Line Items]
Number of industrial properties		516
Disposition Activity
Subsequent Event [Line Items]
Number of industrial properties		30
Proceeds from sale of industrial properties | $		$ 99,279
Disposition Activity | Subsequent Event
Subsequent Event [Line Items]
Number of industrial properties	9
Proceeds from sale of industrial properties | $	$ 54,075
Acquisition Activity
Subsequent Event [Line Items]
Number of industrial properties		6
Purchase price of industrial properties acquired | $		$ 158,974
Acquisition Activity | Subsequent Event
Subsequent Event [Line Items]
Number of industrial properties	1
Purchase price of industrial properties acquired | $	$ 8,235