Exhibit 12.2

FIRST INDUSTRIAL, LP
Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

	2008			2007			2006			2005			2004
Loss from Continuing Operations before Equity in Income of Other Real Estate Partnerships, Equity in Income of Joint Ventures and Income Taxes from Continuing Operations		(132,941	)		(125,113	)		(134,101	)		(104,735	)		(73,264	)
Plus:
Distributions from Joint Ventures		51,279			57,614			65,195			52,078			64,193
Gain on Sale of Real Estate		12,061			7,879			6,195			28,686			15,112
Interest expense		111,559			119,314			121,130			108,537			99,067
Rentals Deemed Representative of an Interest Factor		1,357			1,034			912			746			634
Amortization of Deferred Financing Costs		2,879			3,210			2,664			2,122			1,928
Net Earnings		46,194			63,938			61,995			87,434			107,670
Interest Expense		111,559			119,314			121,130			108,537			99,067
Rentals Deemed Representative of an Interest Factor		1,357			1,034			912			746			634
Capitalized Interest		7,775			8,413			5,063			3,271			1,304
Amortization of Deferred Financing Costs		2,879			3,210			2,664			2,122			1,928
Fixed Charges		123,570			131,971			129,769			114,676			102,933
Ratio of Earnings to Fixed Charges			(b)			(b)			(b)			(b)		1.05

(a)

For purposes of computing the ratios of earnings to fixed charges, earnings have been calculated by adding fixed charges (excluding capitalized interest) to income from continuing operations before income taxes allocable to continuing operations. Fixed charges consist of interest costs, whether expensed or capitalized, portion of rent expense representative of interest factor, and amortization of deferred financing costs.

(b)

For the years ended December 31, 2008, 2007, 2006 and 2005, the ratio coverage is less that 1:1. The Consolidated Operating Partnership must generate additional earnings of $77,376, $68,033, $67,774 and $27,242 for the years ended December 31, 2008, 2007, 2006 and 2005, respectively, to achieve a ratio coverage of 1:1.