FIRST INDUSTRIAL LP
For the period ended Sep 30, 2025. Filed Oct 17, 2025.
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Sep 30, 2025 · Filed Oct 17, 2025
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3. Investment in Real Estate
- Investment in Real Estate
Acquisitions
During the nine months ended September 30, 2025, we acquiredtwo industrial properties totaling approximately 0.8 million square feet of GLA from the Joint Venture (see Note 5), as well astwo land parcels from a third-party seller. We accounted for the properties and land parcels as asset acquisitions, with related transaction costs capitalized to the respective asset bases. The following table summarizes the allocation of the aggregate purchase price, excluding transaction costs, to the major asset classes for the industrial properties and land parcels acquired during the nine months ended September 30, 2025:
| Land | $43,981 |
|---|---|
| Building and Improvements | 88,252 |
| In-Place Leases | 9,218 |
| Other Assets | 4,891 |
| Total Purchase Price | $146,342 |
Sales
During the nine months ended September 30, 2025, we sold four industrial properties totaling approximately 0.2 million square feet of GLA and one land parcel. Gross proceeds from the sales were $26,860 and the gain on sale of real estate attributable to these sales was $17,503.
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