10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K/A

(Amendment No. 1)

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2011

Or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File Number 1-13102

FIRST INDUSTRIAL REALTY TRUST, INC.

(Exact name of Registrant as specified in its Charter)

Maryland	36-3935116
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)
311 S. Wacker Drive, Suite 3900, Chicago, Illinois	60606
(Address of principal executive offices)	(Zip Code)

(312) 344-4300

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Common Stock

(Title of Class)

New York Stock Exchange

(Name of exchange on which registered)

Depositary Shares Each Representing 1/10,000 of a Share of 7.25% Series J Cumulative Preferred Stock

Depositary Shares Each Representing 1/10,000 of a Share of 7.25% Series K Cumulative Preferred Stock

(Title of class)

New York Stock Exchange

(Name of exchange on which registered)

Securities registered pursuant to Section 12(g) of the Act:

None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  þ    No  ¨

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.    Yes  ¨    No  þ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  þ    No  ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.    ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	þ	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  þ

The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant was approximately $986.0 million based on the closing price on the New York Stock Exchange for such stock on June 30, 2011.

At February 28, 2012, 86,733,657 shares of the Registrant’s Common Stock, $0.01 par value, were outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Part III incorporates certain information by reference to the Registrant’s definitive proxy statement expected to be filed with the Securities and Exchange Commission no later than 120 days after the end of the Registrant’s fiscal year.

FIRST INDUSTRIAL REALTY TRUST, INC.

TABLE OF CONTENTS

	Page
Explanatory Note		3
Part IV. Other Information		4
Item 15. Exhibits		4
Signature		10
Exhibit Index		11

2

EXPLANATORY NOTE

This Amendment No. 1 to the Annual Report on Form 10-K (the “Form 10-K”) of First Industrial Realty Trust, Inc. for the year ended December 31, 2011 is being filed solely (i) to furnish Exhibit 101.1 to the Form 10-K in accordance with Rule 405 of Regulation S-T and (ii) to revise the cover page of the Form 10-K with respect to the registrant’s status as a well-known seasoned filer. Exhibit 101.1 to the Form 10-K provides the consolidated financial statements and related notes from the Form 10-K formatted in XBRL (eXtensible Business Reporting Language).

Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, this Form 10-K/A also contains new certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, which are attached hereto. Because no financial statements have been included in this Form 10-K/A and this Form 10-K/A does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted.

No other changes have been made to the Form 10-K. This Amendment No. 1 to the Form 10-K speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-K.

Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101.1 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

3

PART IV

ITEM 15. EXHIBITS

Exhibits	Description
3.1	Amended and Restated Articles of Incorporation of the Company (incorporated by reference to Exhibit 3.1 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 1996, File No. 1-13102)
3.2	Amended and Restated Bylaws of the Company, dated September 4, 1997 (incorporated by reference to Exhibit 1 of the Company’s Form 8-K, dated September 4, 1997, as filed on September 29, 1997, File No. 1-13102)
3.3	Articles of Amendment to the Company’s Articles of Incorporation, dated June 20, 1994 (incorporated by reference to Exhibit 3.2 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 1996, File No. 1-13102)
3.4	Articles of Amendment to the Company’s Articles of Incorporation, dated May 31, 1996 (incorporated by reference to Exhibit 3.3 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 1996, File No. 1-13102)
3.5	Articles Supplementary relating to the Company’s 6.236% Series F Flexible Cumulative Redeemable Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 3.1 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
3.6	Articles Supplementary relating to the Company’s 7.236% Series G Flexible Cumulative Redeemable Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 3.2 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
3.7	Articles Supplementary relating to the Company’s Junior Participating Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 4.10 of Form S-3 of the Company and First Industrial, L.P. dated September 24, 1997, Registration No. 333-29879)
3.8	Articles Supplementary relating to the Company’s 7.25% Series J Cumulative Redeemable Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 4.1 of the Form 8-K of the Company filed January 17, 2006, File No. 1-13102)
3.9	Articles Supplementary relating to the Company’s 7.25% Series K Cumulative Redeemable Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 1.6 of the Form 8-A of the Company, as filed on August 18, 2006, File No. 1-13102)
3.10	Articles of Amendment to the Company’s Articles of Incorporation, dated May 12, 2011 (incorporated by reference to Exhibit 3.1 of the Form 8-K of the Company filed June 2, 2011, File No. 1-13102)
4.1	Deposit Agreement, dated May 27, 2004, by and among the Company, EquiServe Inc. and EquiServe Trust Company, N.A. and holders from time to time of Series F Depositary Receipts (incorporated by reference to Exhibit 4.1 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
4.2	Deposit Agreement, dated May 27, 2004, by and among the Company, EquiServe Inc. and EquiServe Trust Company, N.A. and holders from time to time of Series G Depositary Receipts (incorporated by reference to Exhibit 4.2 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
4.3	Remarketing Agreement, dated May 27, 2004, relating to 50,000 depositary shares, each representing 1/100 of a share of the Series F Flexible Cumulative Redeemable Preferred Stock, by and among Lehman Brothers Inc., the Company and First Industrial, L.P. (incorporated by reference to Exhibit 1.2 of the Form 8-K of the Company, dated May 27, 2004, File No. 1-13102)

4

Exhibits	Description
4.4	Remarketing Agreement, dated May 27,2004, relating to 25,000 depositary shares, each representing 1/100 of a share of the Series G Flexible Cumulative Redeemable Preferred Stock, by and among Lehman Brothers Inc., the Company and First Industrial, L.P. (incorporated by reference to Exhibit 1.3 of the Form 8-K of the Company, dated May 27, 2004, File No. 1-13102)
4.5	Deposit Agreement, dated January 13,2006, by and among the Company, Computershare Shareholder Services, Inc. and Computershare Trust Company, N.A., as depositary, and holders from time to time of Series J Depositary Receipts (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company, filed January 17, 2006, File No. 1-13102)
4.6	Deposit Agreement, dated August 21, 2006, by and among the Company, Computershare Shareholder Services, Inc. and Computershare Trust Company, N.A., as depositary, and holders from time to time of Series K Depositary Receipts (incorporated by reference to Exhibit 1.7 of the Form 8-A of the Company, as filed on August 18, 2006, File No. 1-13102)
4.7	Indenture, dated as of May 13, 1997,between First Industrial, L.P. and First Trust National Association, as Trustee (incorporated by reference to Exhibit 4.1 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 1997, as amended by Form 10-Q/A No. 1 of the Company filed May 30, 1997, File No. 1-13102)
4.8	Supplemental Indenture No. 1, dated as of May 13, 1997, between First Industrial, L.P. and First Trust National Association as Trustee relating to $100 million of 7.15% Notes due 2027 (incorporated by reference to Exhibit 4.2 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 1997, as amended by Form 10-Q/A No. 1 of the Company filed May 30, 1997, File No. 1-13102)
4.9	Supplemental Indenture No. 3 dated October 28, 1997 between First Industrial, L.P. and First Trust National Association providing for the issuance of Medium-Term Notes due Nine Months or more from Date of Issue (incorporated by reference to Exhibit 4.1 of Form 8-K of First Industrial, L.P., dated November 3, 1997, as filed November 3, 1997, File No. 333-21873)
4.10	7.50% Medium-Term Note due 2017 in principal amount of $100 million issued by First Industrial, L.P. (incorporated by reference to Exhibit 4.19 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1997, File No. 1-13102)
4.11	Trust Agreement, dated as of May 16, 1997, between First Industrial, L.P. and First Bank National Association, as Trustee (incorporated by reference to Exhibit 4.5 of the Form 10-Q of First Industrial, L.P. for the fiscal quarter ended March 31, 1997, File No. 333-21873)
4.12	7.60% Notes due 2028 in principal amount of $200 million issued by First Industrial, L.P. (incorporated by reference to Exhibit 4.2 of the Form 8-K of First Industrial, L.P. dated July 15, 1998, File No. 333-21873)
4.13	Supplemental Indenture No. 5, dated as of July 14, 1998, between First Industrial, L.P. and U.S. Bank Trust National Association, relating to First Industrial, L.P.’s 7.60% Notes due July 15, 2028 (incorporated by reference to Exhibit 4.1 of the Form 8-K of First Industrial, L.P. dated July 15, 1998, File No. 333-21873)
4.14	Supplemental Indenture No. 7 dated as of April 15, 2002, between First Industrial, L.P. and U.S. Bank National Association, relating to First Industrial, L.P.’s 6.875% Notes due 2012 and 7.75% Notes due 2032 (incorporated by reference to Exhibit 4.1 of the Form 8-K of First Industrial, L.P. dated April 4, 2002, File No. 333-21873)
4.15	Form of 6.875% Notes due in 2012 in the principal amount of $200 million issued by First Industrial, L.P. (incorporated by reference to Exhibit 4.2 of the Form 8-K of First Industrial, L.P., dated April 4, 2002, File No. 333-21873)

5

Exhibits	Description
4.16	Form of 7.75% Notes due 2032 in the principal amount of $50.0 million issued by First Industrial, L.P. (incorporated by reference to Exhibit 4.3 of the Form 8-K of First Industrial, L.P., dated April 4, 2002, File No. 333-21873)
4.17	Supplemental Indenture No. 8, dated as of May 17, 2004, relating to 6.42% Senior Notes due June 1, 2014, by and between First Industrial, L.P. and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the Form 8-K of First Industrial, L.P., dated May 27, 2004, File No. 333-21873)
4.18	Supplemental Indenture No. 10, dated as of January 10, 2006, relating to 5.75% Senior Notes due 2016, by and between the Operating Partnership and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the Form 8-K of the Company, filed January 11, 2006, File No. 1-13102)
4.19	Supplemental Indenture No. 11, dated as of May 7, 2007, relating to 5.95% Senior Notes due 2017, by and between the Operating Partnership and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the Form 8-K of the Company, filed May 5, 2007, File No. 1-13102)
10.1**	Twelfth Amended and Restated Partnership Agreement of First Industrial, L.P. dated February 27, 2012 and effective March 17, 2012 (the “LP Agreement”).
10.2	Sales Agreement by and among the Company, First Industrial, L.P. and Cantor Fitzgerald & Co. dated September 16, 2004 (incorporated by reference to Exhibit 1.1 of the Form 8-K of the Company, dated September 16, 2004, File No. 1-13102)
10.3	Non-Competition Agreement between Jay H. Shidler and First Industrial Realty Trust, Inc. (incorporated by reference to Exhibit 10.16 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1994, File No. 1-13102)
10.4	Form of Non-Competition Agreement between each of Michael T. Tomasz, Paul T. Lambert, Michael J. Havala, Michael W. Brennan, Michael G. Damone, Duane H. Lund, and Johannson L. Yap and First Industrial Realty Trust, Inc. (incorporated by reference to Exhibit 10.14 to the Company’s Registration Statement on Form S-11, File No. 33-77804)
10.5†	1994 Stock Incentive Plan (incorporated by reference to Exhibit 10.37 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1994, File No. 1-13102)
10.6†	First Industrial Realty Trust, Inc. Deferred Income Plan (incorporated by reference to Exhibit 10 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 1996, File No. 1-13102)
10.7	Contribution Agreement, dated March 19, 1996, among FR Acquisitions, Inc. and the parties listed on the signature pages thereto (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company, dated April 3, 1996, File No. 1-13102)
10.8	Contribution Agreement, dated January 31, 1997, among FR Acquisitions, Inc. and the parties listed on the signature pages thereto (incorporated by reference to Exhibit 10.58 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1996, File No. 1-13102)
10.9†	Separation and Release Agreement between First Industrial Realty Trust, Inc. and Michael W. Brennan dated November 26, 2008 (incorporated by reference to Exhibit 10.2 of the Form 8-K of the Company filed November 28, 2008, File No. 1-13102)
10.10†	1997 Stock Incentive Plan (incorporated by reference to Exhibit 10.62 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1996, File No. 1-13102)
10.11†	2001 Stock Incentive Plan (incorporated by reference to Exhibit 10.34 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2001, File No. 1-13102)

6

Exhibits	Description
10.12†	Separation and Release Agreement between First Industrial Realty Trust, Inc. and Michael J. Havala dated December 22, 2008 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed December 23, 2008, File No. 1-13102)
10.13†	Employment Agreement, dated March 31, 2002, between First Industrial Realty Trust, Inc. and Johannson L. Yap (incorporated by reference to Exhibit 10.2 of the Form 10-Q of First Industrial Realty Trust, Inc. for the fiscal quarter ended March 31, 2002, File No. 1-13102)
10.14†	Separation and Release Agreement between First Industrial Realty Trust, Inc. and David P. Draft dated November 25, 2008 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed November 28, 2008, File No. 1-13102)
10.15†	Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.3 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
10.16†	Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.4 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
10.17†	Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.5 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
10.18†	Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.6 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
10.19	Unsecured Revolving Credit Agreement dated as of December 14, 2011 among First Industrial, L.P., First Industrial Realty Trust, Inc., Wells Fargo Bank, N.A. and the other lenders thereunder (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed December 15, 2011, File No. 1-13102)
10.20†	Form of Restricted Stock Agreement (Director’s Annual Retainer) (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed May 19, 2006, File No. 1-13102)
10.21†	Amendment No. 1 to the Company’s 2001 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2006, File No. 1-13102)
10.22†	Amendment No. 2 to the Company’s 2001 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2007, File No. 1-13102)
10.23†	Amendment No. 1 to the Company’s 1994 Stock Incentive Plan (incorporated by reference to Exhibit 10.24 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.24†	Amendment No. 1 to the Company’s 1997 Stock Incentive Plan (incorporated by reference to Exhibit 10.25 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.25†	Form of Director Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.26 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.26†	Form of Director Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.27 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)

7

Exhibits	Description
10.27†	Form of Employee Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.28 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.28†	Form of Employee Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.29 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.29†	Amendment No. 3 to the Company’s 2001 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 2008, File No. 1-13102)
10.30†	Form of Employee Restricted Stock Unit Award Agreement (incorporated by reference to Exhibit 10.2 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 2008, File No. 1-13102)
10.31†	First Amendment, dated as of December 29, 2008, to Employment Agreement, dated March 31, 2002, between First Industrial Realty Trust, Inc. and Johannson L. Yap (incorporated by reference to Exhibit 10.33 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, File No. 1-13102)
10.32†	Employment Agreement dated as of January 9, 2009 among First Industrial Realty Trust, Inc., First Industrial L.P. and Bruce W. Duncan (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed January 12, 2009, File No. 1-13102)
10.33†	Restricted Stock Unit Award Agreement dated as of January 9, 2009 between First Industrial Realty Trust, Inc. and Bruce W. Duncan (incorporated by reference to Exhibit 10.2 of the Form 8-K of the Company filed January 12, 2009, File No. 1-13102)
10.34†	2009 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Form 10-Q for the period ended June 30, 2009, File No. 1-13102)
10.35†	Form of Employee Restricted Stock Unit Award Agreement (incorporated by reference to Exhibit 10.2 of the Form 8-K of the Company filed July 15, 2009, File No. 1-13102)
10.36†	Amendment No. 1, dated as of February 5, 2009, to the Restricted Stock Unit Award Agreement, dated as of January 9, 2009, by and between First Industrial Realty Trust, Inc. and Bruce W. Duncan (incorporated by reference to Exhibit 10.1 of the Company’s Form 10-Q for the period ended March 31, 2009, File No. 1-13102)
10.37†	Form of Employee Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed March 4, 2010, File No. 1-13102)
10.38	Distribution Agreement among the First Industrial Realty Trust, Inc., First Industrial, L.P. and J.P. Morgan Securities Inc. dated May 4, 2010 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed May 4, 2010, File No. 1-13102)
10.39†	Form of Employee Service Based Bonus Agreement (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed July 7, 2010, File No. 1-13102)
10.40†	Form of Employee Service Based Bonus Agreement (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed July 13, 2011, File No. 1-13102)
10.41†	2011 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed June 2, 2011, File No. 1-13102)
10.42†	Amendment No. 1 to 2011 Stock Incentive Plan, dated April 28, 2011 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed on April 28, 2011, File No. 1-13102)

8

Exhibits	Description
10.43	Distribution Agreement among the Company, First Industrial, L.P. and Wells Fargo Securities, LLC dated February 28, 2011 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed on February 28, 2011, File No. 1-13102)
21.1**	Subsidiaries of the Registrant
23**	Consent of PricewaterhouseCoopers LLP
31.1*	Certification of Principal Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
31.2*	Certification of Principal Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
32***	Certification of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.1*	The following financial statements from First Industrial Realty Trust, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2011, formatted in XBRL: (i) Consolidated Balance Sheets (audited), (ii) Consolidated Statements of Operations (audited), (iii) Consolidated Statements of Comprehensive Income (audited), (iv) Consolidated Statement of Changes in Stockholders’ Equity (audited), (v) Consolidated Statements of Cash Flows (audited) and (vi) Notes to Consolidated Financial Statements (audited).

* Filed herewith.

** Filed with the Form 10-K of the Company filed on February 29, 2012.

*** Furnished with the Form 10-K of the Company filed on February 29, 2012.

† Indicates a compensatory plan or arrangement contemplated by Item 15 a (3) of Form 10-K.

9

SIGNATURE

Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	First Industrial Realty Trust, Inc.
Date: March 1, 2012	By:	/s/ Scott Musil
		Scott Musil
		Chief Financial and Accounting Officer (Principal Financial and Accounting Officer)

10

EXHIBIT INDEX

Exhibits	Description
3.1	Amended and Restated Articles of Incorporation of the Company (incorporated by reference to Exhibit 3.1 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 1996, File No. 1-13102)
3.2	Amended and Restated Bylaws of the Company, dated September 4, 1997 (incorporated by reference to Exhibit 1 of the Company’s Form 8-K, dated September 4, 1997, as filed on September 29, 1997, File No. 1-13102)
3.3	Articles of Amendment to the Company’s Articles of Incorporation, dated June 20, 1994 (incorporated by reference to Exhibit 3.2 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 1996, File No. 1-13102)
3.4	Articles of Amendment to the Company’s Articles of Incorporation, dated May 31, 1996 (incorporated by reference to Exhibit 3.3 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 1996, File No. 1-13102)
3.5	Articles Supplementary relating to the Company’s 6.236% Series F Flexible Cumulative Redeemable Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 3.1 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
3.6	Articles Supplementary relating to the Company’s 7.236% Series G Flexible Cumulative Redeemable Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 3.2 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
3.7	Articles Supplementary relating to the Company’s Junior Participating Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 4.10 of Form S-3 of the Company and First Industrial, L.P. dated September 24, 1997, Registration No. 333-29879)
3.8	Articles Supplementary relating to the Company’s 7.25% Series J Cumulative Redeemable Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 4.1 of the Form 8-K of the Company filed January 17, 2006, File No. 1-13102)
3.9	Articles Supplementary relating to the Company’s 7.25% Series K Cumulative Redeemable Preferred Stock, $0.01 par value (incorporated by reference to Exhibit 1.6 of the Form 8-A of the Company, as filed on August 18, 2006, File No. 1-13102)
3.10	Articles of Amendment to the Company’s Articles of Incorporation, dated May 12, 2011 (incorporated by reference to Exhibit 3.1 of the Form 8-K of the Company filed June 2, 2011, File No. 1-13102)
4.1	Deposit Agreement, dated May 27, 2004, by and among the Company, EquiServe Inc. and EquiServe Trust Company, N.A. and holders from time to time of Series F Depositary Receipts (incorporated by reference to Exhibit 4.1 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
4.2	Deposit Agreement, dated May 27, 2004, by and among the Company, EquiServe Inc. and EquiServe Trust Company, N.A. and holders from time to time of Series G Depositary Receipts (incorporated by reference to Exhibit 4.2 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
4.3	Remarketing Agreement, dated May 27,2004, relating to 50,000 depositary shares, each representing 1/100 of a share of the Series F Flexible Cumulative Redeemable Preferred Stock, by and among Lehman Brothers Inc., the Company and First Industrial, L.P. (incorporated by reference to Exhibit 1.2 of the Form 8-K of the Company, dated May 27, 2004, File No. 1-13102)

11

Exhibits	Description
4.4	Remarketing Agreement, dated May 27,2004, relating to 25,000 depositary shares, each representing 1/100 of a share of the Series G Flexible Cumulative Redeemable Preferred Stock, by and among Lehman Brothers Inc., the Company and First Industrial, L.P. (incorporated by reference to Exhibit 1.3 of the Form 8-K of the Company, dated May 27, 2004, File No. 1-13102)
4.5	Deposit Agreement, dated January 13,2006, by and among the Company, Computershare Shareholder Services, Inc. and Computershare Trust Company, N.A., as depositary, and holders from time to time of Series J Depositary Receipts (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company, filed January 17, 2006, File No. 1-13102)
4.6	Deposit Agreement, dated August 21, 2006, by and among the Company, Computershare Shareholder Services, Inc. and Computershare Trust Company, N.A., as depositary, and holders from time to time of Series K Depositary Receipts (incorporated by reference to Exhibit 1.7 of the Form 8-A of the Company, as filed on August 18, 2006, File No. 1-13102)
4.7	Indenture, dated as of May 13, 1997,between First Industrial, L.P. and First Trust National Association, as Trustee (incorporated by reference to Exhibit 4.1 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 1997, as amended by Form 10-Q/A No. 1 of the Company filed May 30, 1997, File No. 1-13102)
4.8	Supplemental Indenture No. 1, dated as of May 13, 1997, between First Industrial, L.P. and First Trust National Association as Trustee relating to $100 million of 7.15% Notes due 2027 (incorporated by reference to Exhibit 4.2 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 1997, as amended by Form 10-Q/A No. 1 of the Company filed May 30, 1997, File No. 1-13102)
4.9	Supplemental Indenture No. 3 dated October 28, 1997 between First Industrial, L.P. and First Trust National Association providing for the issuance of Medium-Term Notes due Nine Months or more from Date of Issue (incorporated by reference to Exhibit 4.1 of Form 8-K of First Industrial, L.P., dated November 3, 1997, as filed November 3, 1997, File No. 333-21873)
4.10	7.50% Medium-Term Note due 2017 in principal amount of $100 million issued by First Industrial, L.P. (incorporated by reference to Exhibit 4.19 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1997, File No. 1-13102)
4.11	Trust Agreement, dated as of May 16, 1997, between First Industrial, L.P. and First Bank National Association, as Trustee (incorporated by reference to Exhibit 4.5 of the Form 10-Q of First Industrial, L.P. for the fiscal quarter ended March 31, 1997, File No. 333-21873)
4.12	7.60% Notes due 2028 in principal amount of $200 million issued by First Industrial, L.P. (incorporated by reference to Exhibit 4.2 of the Form 8-K of First Industrial, L.P. dated July 15, 1998, File No. 333-21873)
4.13	Supplemental Indenture No. 5, dated as of July 14, 1998, between First Industrial, L.P. and U.S. Bank Trust National Association, relating to First Industrial, L.P.’s 7.60% Notes due July 15, 2028 (incorporated by reference to Exhibit 4.1 of the Form 8-K of First Industrial, L.P. dated July 15, 1998, File No. 333-21873)
4.14	Supplemental Indenture No. 7 dated as of April 15, 2002, between First Industrial, L.P. and U.S. Bank National Association, relating to First Industrial, L.P.’s 6.875% Notes due 2012 and 7.75% Notes due 2032 (incorporated by reference to Exhibit 4.1 of the Form 8-K of First Industrial, L.P. dated April 4, 2002, File No. 333-21873)
4.15	Form of 6.875% Notes due in 2012 in the principal amount of $200 million issued by First Industrial, L.P. (incorporated by reference to Exhibit 4.2 of the Form 8-K of First Industrial, L.P., dated April 4, 2002, File No. 333-21873)

12

Exhibits	Description
4.16	Form of 7.75% Notes due 2032 in the principal amount of $50.0 million issued by First Industrial, L.P. (incorporated by reference to Exhibit 4.3 of the Form 8-K of First Industrial, L.P., dated April 4, 2002, File No. 333-21873)
4.17	Supplemental Indenture No. 8, dated as of May 17, 2004, relating to 6.42% Senior Notes due June 1, 2014, by and between First Industrial, L.P. and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the Form 8-K of First Industrial, L.P., dated May 27, 2004, File No. 333-21873)
4.18	Supplemental Indenture No. 10, dated as of January 10, 2006, relating to 5.75% Senior Notes due 2016, by and between the Operating Partnership and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the Form 8-K of the Company, filed January 11, 2006, File No. 1-13102)
4.19	Supplemental Indenture No. 11, dated as of May 7, 2007, relating to 5.95% Senior Notes due 2017, by and between the Operating Partnership and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 of the Form 8-K of the Company, filed May 5, 2007, File No. 1-13102)
10.1**	Twelfth Amended and Restated Partnership Agreement of First Industrial, L.P. dated February 27, 2012 and effective March 17, 2012 (the “LP Agreement”).
10.2	Sales Agreement by and among the Company, First Industrial, L.P. and Cantor Fitzgerald & Co. dated September 16, 2004 (incorporated by reference to Exhibit 1.1 of the Form 8-K of the Company, dated September 16, 2004, File No. 1-13102)
10.3	Non-Competition Agreement between Jay H. Shidler and First Industrial Realty Trust, Inc. (incorporated by reference to Exhibit 10.16 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1994, File No. 1-13102)
10.4	Form of Non-Competition Agreement between each of Michael T. Tomasz, Paul T. Lambert, Michael J. Havala, Michael W. Brennan, Michael G. Damone, Duane H. Lund, and Johannson L. Yap and First Industrial Realty Trust, Inc. (incorporated by reference to Exhibit 10.14 to the Company’s Registration Statement on Form S-11, File No. 33-77804)
10.5†	1994 Stock Incentive Plan (incorporated by reference to Exhibit 10.37 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1994, File No. 1-13102)
10.6†	First Industrial Realty Trust, Inc. Deferred Income Plan (incorporated by reference to Exhibit 10 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 1996, File No. 1-13102)
10.7	Contribution Agreement, dated March 19, 1996, among FR Acquisitions, Inc. and the parties listed on the signature pages thereto (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company, dated April 3, 1996, File No. 1-13102)
10.8	Contribution Agreement, dated January 31, 1997, among FR Acquisitions, Inc. and the parties listed on the signature pages thereto (incorporated by reference to Exhibit 10.58 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1996, File No. 1-13102)
10.9†	Separation and Release Agreement between First Industrial Realty Trust, Inc. and Michael W. Brennan dated November 26, 2008 (incorporated by reference to Exhibit 10.2 of the Form 8-K of the Company filed November 28, 2008, File No. 1-13102)
10.10†	1997 Stock Incentive Plan (incorporated by reference to Exhibit 10.62 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1996, File No. 1-13102)
10.11†	2001 Stock Incentive Plan (incorporated by reference to Exhibit 10.34 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2001, File No. 1-13102)

13

Exhibits	Description
10.12†	Separation and Release Agreement between First Industrial Realty Trust, Inc. and Michael J. Havala dated December 22, 2008 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed December 23, 2008, File No. 1-13102)
10.13†	Employment Agreement, dated March 31, 2002, between First Industrial Realty Trust, Inc. and Johannson L. Yap (incorporated by reference to Exhibit 10.2 of the Form 10-Q of First Industrial Realty Trust, Inc. for the fiscal quarter ended March 31, 2002, File No. 1-13102)
10.14†	Separation and Release Agreement between First Industrial Realty Trust, Inc. and David P. Draft dated November 25, 2008 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed November 28, 2008, File No. 1-13102)
10.15†	Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.3 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
10.16†	Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.4 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
10.17†	Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.5 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
10.18†	Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.6 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2004, File No. 1-13102)
10.19	Unsecured Revolving Credit Agreement dated as of December 14, 2011 among First Industrial, L.P., First Industrial Realty Trust, Inc., Wells Fargo Bank, N.A. and the other lenders thereunder (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed December 15, 2011, File No. 1-13102)
10.20†	Form of Restricted Stock Agreement (Director’s Annual Retainer) (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed May 19, 2006, File No. 1-13102)
10.21†	Amendment No. 1 to the Company’s 2001 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2006, File No. 1-13102)
10.22†	Amendment No. 2 to the Company’s 2001 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Form 10-Q of the Company for the fiscal quarter ended June 30, 2007, File No. 1-13102)
10.23†	Amendment No. 1 to the Company’s 1994 Stock Incentive Plan (incorporated by reference to Exhibit 10.24 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.24†	Amendment No. 1 to the Company’s 1997 Stock Incentive Plan (incorporated by reference to Exhibit 10.25 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.25†	Form of Director Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.26 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.26†	Form of Director Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.27 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)

14

Exhibits	Description
10.27†	Form of Employee Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.28 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.28†	Form of Employee Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.29 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, File No. 1-13102)
10.29†	Amendment No. 3 to the Company’s 2001 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 2008, File No. 1-13102)
10.30†	Form of Employee Restricted Stock Unit Award Agreement (incorporated by reference to Exhibit 10.2 of the Form 10-Q of the Company for the fiscal quarter ended March 31, 2008, File No. 1-13102)
10.31†	First Amendment, dated as of December 29, 2008, to Employment Agreement, dated March 31, 2002, between First Industrial Realty Trust, Inc. and Johannson L. Yap (incorporated by reference to Exhibit 10.33 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, File No. 1-13102)
10.32†	Employment Agreement dated as of January 9, 2009 among First Industrial Realty Trust, Inc., First Industrial L.P. and Bruce W. Duncan (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed January 12, 2009, File No. 1-13102)
10.33†	Restricted Stock Unit Award Agreement dated as of January 9, 2009 between First Industrial Realty Trust, Inc. and Bruce W. Duncan (incorporated by reference to Exhibit 10.2 of the Form 8-K of the Company filed January 12, 2009, File No. 1-13102)
10.34†	2009 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Form 10-Q for the period ended June 30, 2009, File No. 1-13102)
10.35†	Form of Employee Restricted Stock Unit Award Agreement (incorporated by reference to Exhibit 10.2 of the Form 8-K of the Company filed July 15, 2009, File No. 1-13102)
10.36†	Amendment No. 1, dated as of February 5, 2009, to the Restricted Stock Unit Award Agreement, dated as of January 9, 2009, by and between First Industrial Realty Trust, Inc. and Bruce W. Duncan (incorporated by reference to Exhibit 10.1 of the Company’s Form 10-Q for the period ended March 31, 2009, File No. 1-13102)
10.37†	Form of Employee Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed March 4, 2010, File No. 1-13102)
10.38	Distribution Agreement among the First Industrial Realty Trust, Inc., First Industrial, L.P. and J.P. Morgan Securities Inc. dated May 4, 2010 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed May 4, 2010, File No. 1-13102)
10.39†	Form of Employee Service Based Bonus Agreement (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed July 7, 2010, File No. 1-13102)
10.40†	Form of Employee Service Based Bonus Agreement (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed July 13, 2011, File No. 1-13102)
10.41†	2011 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed June 2, 2011, File No. 1-13102)
10.42†	Amendment No. 1 to 2011 Stock Incentive Plan, dated April 28, 2011 (incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed on April 28, 2011, File No. 1-13102)

15

Exhibits	Description
10.43	Distribution Agreement among the Company, First Industrial, L.P. and Wells Fargo Securities, LLC dated February 28, 2011(incorporated by reference to Exhibit 10.1 of the Form 8-K of the Company filed on February 28, 2011, File No. 1-13102)
21.1**	Subsidiaries of the Registrant
23**	Consent of PricewaterhouseCoopers LLP
31.1*	Certification of Principal Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
31.2*	Certification of Principal Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
32***	Certification of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.1*	The following financial statements from First Industrial Realty Trust, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2011, formatted in XBRL: (i) Consolidated Balance Sheets (audited), (ii) Consolidated Statements of Operations (audited), (iii) Consolidated Statements of Comprehensive Income (audited), (iv) Consolidated Statement of Changes in Stockholders’ Equity (audited), (v) Consolidated Statements of Cash Flows (audited) and (vi) Notes to Consolidated Financial Statements (audited).

* Filed herewith.

** Filed with the Form 10-K of the Company filed on February 29, 2012.

*** Furnish with the Form 10-K of the Company filed on February 29, 2012.

† Indicates a compensatory plan or arrangement contemplated by Item 15 a (3) of Form 10-K.

16

EX-31.1

Exhibit 31.1

I, Bruce W. Duncan, certify that:

1. I have reviewed this Amendment No. 1 to the annual report on Form 10-K of First Industrial Realty Trust, Inc.; and

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

Date: March 1, 2012

  /s/ Bruce W. Duncan

Bruce W. Duncan

President and Chief Executive Officer

EX-31.2

Exhibit 31.2

I, Scott A. Musil, certify that:

1. I have reviewed this Amendment No. 1 to the annual report on Form 10-K of First Industrial Realty Trust, Inc.; and

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

Date: March 1, 2012

  /s/ Scott A. Musil

Scott A. Musil

Chief Financial Officer

XML

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies [Abstract]

Future minimum rental payments under the terms of all non-cancelable ground and operating leases

2012	$	1,892
2013		1,724
2014		1,448
2015		1,319
2016		1,321
Thereafter		28,052
Total	$	35,756

XML

Investments In Joint Ventures (Details Textual) (USD $)	2 Months Ended	12 Months Ended					3 Months Ended			12 Months Ended		12 Months Ended	1 Months Ended		12 Months Ended
	Feb. 28, 2012 sqft IndustrialProperty	Dec. 31, 2011 sqft IndustrialProperty SaleAsset	Dec. 31, 2010 SaleAsset	Dec. 31, 2009	Dec. 31, 2011 2003 Net Lease Joint Venture [Member] sqft IndustrialProperty	May 26, 2011 2003 Net Lease Joint Venture [Member]	Sep. 30, 2007 2007 Net Lease Joint Venture [Member] JointVentures	Dec. 31, 2011 2007 Net Lease Joint Venture [Member] IndustrialProperty	Dec. 31, 2011 2007 Europe Joint Venture [Member]	Dec. 31, 2010 2006 Net Lease Co-Investment Program [Member]	Mar. 21, 2006 2006 Net Lease Co-Investment Program [Member]	Dec. 31, 2010 2005 Development/Repositioning Joint Venture [Member]	Sep. 30, 2009 July 2007 Fund [Member] IndustrialProperty	Dec. 31, 2011 July 2007 Fund [Member]	Dec. 31, 2011 Discontinued Operation or Asset Disposal [Member] Corporate Joint Venture [Member]	Dec. 31, 2010 Discontinued Operation or Asset Disposal [Member] Corporate Joint Venture [Member]	Dec. 31, 2009 Discontinued Operation or Asset Disposal [Member] Corporate Joint Venture [Member]
Investment In Joint Ventures (Textual) [Abstract]
Gain on Sale of Real Estate		$ 1,370,000	$ 859,000	$ 374,000						$ 852,000					$ 3,137,000	$ 2,761,000	$ 1,177,000
Ownership Percentage					15.00%				10.00%		15.00%			0.00%
Ownership percentage purchased	85.00%	85.00%				85.00%
Industrial property owned		740			7			0
Gross Leasable Area (GLA) of industrial property owned	400,000	66,300,000			3,400,000
Investment in net lease joint venture					1,674,000
Purchase price of industrial property from joint venture		90,524,000	89,736,000	75,947,000								14,627,000
Number Of Properties Management Arrangement							3
Number of properties service termination													2
Net proceeds from sale of real estate property assets		75,953,000	68,046,000	74,982,000						4,541,000
Investments In Joint Ventures Other (Textual) [Abstract]
Proceeds from sale of joint venture			5,000,000
Unrealized loss related to sale of interest in joint venture			1,625,000
Gain on Sale of Joint Venture Interests			11,226,000
Number of sale assets closed			3
Gain on closing of sale assets			2,700,000
Received fee from the termination of the management agreement				866,000
Receivables from Joint Ventures		137,000	2,857,000
Fees received from joint ventures		$ 970,000	$ 4,952,000	$ 11,174,000

XML

Investment in Real Estate (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Discontinued Operations and Disposal Groups [Abstract]
Total Revenues									$ 19,932	$ 27,481	$ 36,850
Property Expenses									(8,658)	(11,821)	(14,966)
Impairment of Real Estate									6,146	81,648	1,317
Depreciation and Other Amortization									2,145	11,273	17,992
Interest Expense									(63)	(268)	(653)
Gain on Sale of Real Estate									20,419	11,092	24,206
Provision for Income Taxes									(1,246)		(1,846)
Total Discontinued Operations	$ 9,349	$ 5,947	$ 3,692	$ 3,105	$ (2,177)	$ (72,873)	$ 4,069	$ 4,544	$ 22,093	$ (66,437)	$ 24,282

XML

Income Taxes (Details 1) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Current:
Federal	$ (622)	$ (893)	$ 38,682
State	(502)	(2,372)	1,772
Foreign	(41)	(95)	(835)
Deferred:
Federal	(284)	163	(15,816)
State	(2)	40	(616)
Foreign	(697)	(148)	9
Income Tax Provision Benefit	$ (2,148)	$ (3,305)	$ 23,196

XML

Indebtedness (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Information regarding indebtedness
Senior Unsecured Debt, Net	$ 640,227	$ 879,529
Unamortized Discounts	4,625	6,980
Unsecured Debt Gross	644,852	886,509
Unsecured Credit Facility	149,000	376,184
Mortgage and Other Loans
Mortgage and Other Loans Payable, Net	690,256	486,055
Unamortized Premiums	(305)	(358)
Mortgage and Other Loans Payable, Gross	689,951	485,697
Secured Debt [Member]
Information regarding indebtedness
Interest Rate, Maximum	9.25%
Interest Rate, Minimum	4.45%
Effective Interest Rate, Maximum	9.25%
Effective Interest Rate, Minimum	4.45%
Maturity Date Range, End	10/1/2021'
Maturity Date Range, Start	1/1/2013'
Unsecured Debt [Member]
Information regarding indebtedness
Interest Rate	2.385%
Effective Interest Rate	2.385%
Maturity Date	Dec. 12, 2014
2016 Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	159,455	159,899
Interest Rate	5.75%
Effective Interest Rate	5.91%
Maturity Date	Jan. 15, 2016
2017 Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	59,600	87,195
Interest Rate	7.50%
Effective Interest Rate	7.52%
Maturity Date	Dec. 01, 2017
2027 Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	6,065	13,559
Interest Rate	7.15%
Effective Interest Rate	7.11%
Maturity Date	May 15, 2027
2028 Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	124,894	189,869
Interest Rate	7.60%
Effective Interest Rate	8.13%
Maturity Date	Jul. 15, 2028
2012 Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	61,817	61,774
Interest Rate	6.875%
Effective Interest Rate	6.85%
Maturity Date	Apr. 15, 2012
2032 Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	34,683	34,667
Interest Rate	7.75%
Effective Interest Rate	7.87%
Maturity Date	Apr. 15, 2032
2014 Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	86,997	86,792
Interest Rate	6.42%
Effective Interest Rate	6.54%
Maturity Date	Jun. 01, 2014
2011 Exchangeable Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	0	128,137
Maturity Date	Sep. 15, 2011
2017 II Notes [Member]
Information regarding indebtedness
Senior Unsecured Debt, Net	$ 106,716	$ 117,637
Interest Rate	5.95%
Effective Interest Rate	6.37%
Maturity Date	May 15, 2017

XML

Stock Based Compensation (Details 1) (USD $)	Dec. 31, 2011 Y
January 2002 Grants [Member]
Outstanding and exercisable options
Number outstanding and exercisable	15,201
Weighted average remaining contractual life	0.04
Weighted average exercise price	$ 30.53
May 2002 Grants [Member]
Outstanding and exercisable options
Number outstanding and exercisable	10,000
Weighted average remaining contractual life	0.37
Weighted average exercise price	$ 33.15

XML

Summary of Significant Accounting Policies (Details Textual) (USD $) In Thousands, unless otherwise specified	1 Months Ended		12 Months Ended
	Sep. 30, 2009	Sep. 30, 2008	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2005
Additional Summary of Significant Accounting Policies (Textual) [Abstract]
Above below market lease amortization			$ 1,431	$ 2,857	$ 4,273
Cash and liquid investment initial maturity			Three months or less
Accumulated amortization deferred financing cost			13,086	16,565
Allowance For Doubtful Accounts Receivable			2,675	3,001
Deferred rent receivable allowance amount			2,302	1,855
Minimum percentage of taxable income to be distributed			90.00%
Refunds from Internal Revenue Services (IRS)	40,418	3,767			40,418
Franchise tax reserve			(745)			745
In-Place Lease and Customer Relationship [Member]
Summary of Significant Accounting Policies (Textual) [Abstract]
Amortization expense			$ 11,076	$ 14,185	$ 16,162

XML

Earnings Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2011

Earnings Per Share (EPS) [Abstract]

Computation of basic and diluted EPS

	Year Ended December 31, 2011			Year Ended December 31, 2010			Year Ended December 31, 2009
Numerator:
Loss from Continuing Operations	$	(32,201	)	$	(155,699	)	$	(20,327	)
Gain on Sale of Real Estate, Net of Income Tax Provision		918			517			231
Noncontrolling Interest Allocable to Continuing Operations		3,097			13,623			4,019
Loss from Continuing Operations Attributable to First Industrial Realty Trust, Inc.		(28,186	)		(141,559	)		(16,077	)
Preferred Stock Dividends		(19,565	)		(19,677	)		(19,516	)
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(47,751	)	$	(161,236	)	$	(35,593	)
Income (Loss) from Discontinued Operations, Net of Income Tax Provision	$	22,093		$	(66,437	)	$	24,282
Noncontrolling Interest Allocable to Discontinued Operations		(1,352	)		5,175			(2,472	)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.	$	20,741		$	(61,262	)	$	21,810
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(27,010	)	$	(222,498	)	$	(13,783	)
Denominator:
Weighted Average Shares—Basic and Diluted		80,616,000			62,952,565			48,695,317
Basic and Diluted EPS:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.59	)	$	(2.56	)	$	(0.73	)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.26		$	(0.97	)	$	0.45
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.34	)	$	(3.53	)	$	(0.28	)

Awards were anti-dilutive and could be dilutive in future periods

	Number of Awards Outstanding At December 31, 2011		Number of Awards Outstanding At December 31, 2010		Number of Awards Outstanding At December 31, 2009
Non-Participating Securities:
Restricted Unit Awards		731,900		1,012,800		1,218,800
Options		25,201		98,701		139,700

XML

Stock Based Compensation (Details 2) (Restricted Unit Awards [Member], USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Restricted Unit Awards [Member]
Summary of restricted stock award and restricted stock unit award transactions
Outstanding, Beginning Balance, Awards	1,674,892
Outstanding, Weighted average grant date fair value, Beginning of Period	$ 7.26
Issued, Awards	292,339	573,198	1,473,600
Issued, Weighted average grant date fair value	$ 11.11
Forfeited, Awards	(51,024)
Forfeited, Weighted average grant date fair value	$ 11.59
Vested, Awards	(510,926)
Vested, Weighted average grant date fair value	$ 9.74
Outstanding, Ending Balance, Awards	1,405,281	1,674,892
Outstanding weighted average, End of Period	$ 7.00	$ 7.26

XML

Income Taxes (Details 4) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Income tax benefit pertaining to income from continuing operations
Tax (provision) benefit at federal rate related to continuing operations	$ (2,162)	$ 5,141	$ 8,574
State tax (provision) benefit, net of federal (provision) benefit	(521)	(2,320)	1,849
Non-deductible permanent items, net	(54)	(58)	(1,652)
Change in valuation allowance	1,853	(6,108)	16,269
Foreign taxes, net	(96)	(211)	342
Other	78	251	(340)
Income tax (provision) benefit	$ 902	$ 3,305	$ (25,042)

XML

Subsequent Events (Details Textual) (USD $) In Thousands, unless otherwise specified	2 Months Ended	12 Months Ended
	Feb. 28, 2012 sqft IndustrialProperty	Dec. 31, 2011 sqft
Subsequent Events (Textual) [Abstract]
Number of industrial property sold	0
Area of industrial property	400,000	66,300,000
Ownership percentage purchased	85.00%	85.00%
Cash Paid in Acquisition	$ 8,324	$ 5,277
Mortgage loan payable assumed in conjunction with a property acquisition	12,026	24,417
Number of industrial property acquired	1
Amount of repurchased and retired senior unsecured notes maturing in two thousand twenty eight	430
Amount of payment of senior unsecured notes maturing in two thousand twenty eight	$ 406

XML

Indebtedness (Details 2) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Mortgage loans paid off and retired prior to maturity
Loan Principal Paid Off	$ 62,662
Loss on Early Retirement of Debt	(2,128)
Maturity Date September 1, 2012 [Member]
Mortgage loans paid off and retired prior to maturity
Loan Principal Paid Off	14,520
Interest Rate	6.75%
Payoff Date	Feb. 10, 2011
Maturity Date	Sep. 01, 2012
Loss on Early Retirement of Debt	(213)
Maturity Date December 1, 2014 [Member]
Mortgage loans paid off and retired prior to maturity
Loan Principal Paid Off	18,662
Interest Rate	7.50%
Payoff Date	Mar. 20, 2011
Maturity Date	Dec. 01, 2014
Loss on Early Retirement of Debt	(813)
Maturity Date October 1, 2014 [Member]
Mortgage loans paid off and retired prior to maturity
Loan Principal Paid Off	27,389
Interest Rate	7.50%
Payoff Date	Apr. 01, 2011
Maturity Date	Oct. 01, 2014
Loss on Early Retirement of Debt	(1,104)
Maturity Date January 1, 2012 [Member]
Mortgage loans paid off and retired prior to maturity
Loan Principal Paid Off	2,091
Interest Rate	7.54%
Payoff Date	Nov. 30, 2011
Maturity Date	Jan. 01, 2012
Loss on Early Retirement of Debt	$ 2

XML

Future Rental Revenues (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011
Minimum lease payments receivable, excluding tenant reimbursements of expenses, under non-cancelable operating leases
2012	$ 239,347
2013	196,288
2014	157,012
2015	125,439
2016	94,840
Thereafter	326,295
Total	$ 1,139,221

XML

Derivatives (Details Textual) (USD $) In Thousands, unless otherwise specified	12 Months Ended		3 Months Ended	12 Months Ended			12 Months Ended	1 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011 Series F Preferred Stock [Member]	Dec. 31, 2011 Series F Preferred Stock [Member]	Dec. 31, 2010 Series F Preferred Stock [Member]	Oct. 31, 2008 Series F Preferred Stock [Member]	Dec. 31, 2010 Land Development [Member]	Aug. 31, 2010 Land Development [Member] Mark-to-Market on Interest Rate Protection Agreements (OCI) [Member]	Dec. 31, 2010 Land Development [Member] Mark-to-Market on Interest Rate Protection Agreements (OCI) [Member]
Derivatives (Textual) [Abstract]
Minimum fixed coupon rate of preferred stock			2.375%	2.375%
Number of years of U.S treasury rate one			30 years	30 years
Number of years of U.S treasury rate two			10 years	10 years
LIBOR rate			3-month LIBOR Rate	3-month LIBOR Rate
New coupon rate of preferred stock			5.365%	5.365%
Notional value of interest rate swap agreement						$ 50,000
Treasury Rate				5.2175%
Outstanding payable due on Series F Agreement			280	280	194
Mark-to-Market on Interest Rate Protection Agreements, unrealized gain							1,137
Percentage of unrealized gain									10.00%
Mark-to-Market on Interest Rate Protection Agreements, income tax provision							414
Write off of interest rate protection agreements								1,625
Percentage of unrealized loss related to interest rate protection agreements								10.00%
Settlements payments of market to market gains or losses				574	492
Amortization Reclassified from OCI into Income				2,255
Derivatives (Additional Textual) [Abstract]
Unrealized market to market loss on interest rate protection agreement	$ 1,718	$ 1,107
Number of years of Long dated Treasuries	30 years

XML

Stock Based Compensation (Details Textual) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 Y	Dec. 31, 2010	Dec. 31, 2009
Share-based Compensation Additional (Textual) [Abstract]
Shares authorized under Stock incentive plan	11,500,000
Share available under stock incentive plans	1,900,000
Matching contribution in profit sharing plan	$ 197	$ 194	$ 0
Amortization related to restricted stock awards	3,759	6,040	13,015
Restricted stock awards to directors	0	0	35,145
Fair value of restricted stock awards to directors	0	0	149
Amount capitalized in development activities	0	0	45
Unearned compensation related to unvested restricted stock awards	5,141
Weighted average period during which unrecognized compensation is expected to be incurred	0.79
Restricted stock granted to chief executive officer			1,000,000
Cash awards granted to management member	1,810	688	792
Number of service period over which service awards amortized			4 years
Restricted Unit Awards [Member]
Share Based Compensation (Textual) [Abstract]
Fair value at grant date of restricted stock	3,248	3,336	7,406
Vesting period of stock awards granted to employees, minimum	3 years
Vesting period of stock awards granted to employees, maximum	4 years
Stock awards granted to directors	5 years
Restricted stock and unit awards to employees	292,339	573,198	1,473,600
Service Awards [Member]
Share Based Compensation (Textual) [Abstract]
Number of installment of restricted stock units			4
Restricted stock and unit awards to employees			600,000
Performance Awards I [Member]
Share Based Compensation (Textual) [Abstract]
Number of installment of restricted stock units			4
Restricted stock and unit awards to employees			400,000
Restricted stock to be vest up to first installment			100,000
Restricted stock to be vest up to second installment			200,000
Restricted stock to be vest up to third installment			300,000
Restricted stock to be vest up to fourth installment			400,000
Performance Awards II [Member]
Share Based Compensation (Textual) [Abstract]
Fair value at grant date of restricted stock			1,392
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued	39,100
Restricted stock unit granted to management members			473,600
Restricted Stock [Member] | Chief Executive Officer [Member]
Share Based Compensation (Textual) [Abstract]
Fair value at grant date of restricted stock			$ 6,014
Service And Performance Awards One [Member]
Share Based Compensation (Textual) [Abstract]
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued	525,000

XML

Commitments and Contingencies (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011
Future minimum rental payments under the terms of all non-cancelable ground and operating leases
2012	$ 1,892
2013	1,724
2014	1,448
2015	1,319
2016	1,321
Thereafter	28,052
Total	$ 35,756

XML

Stock Based Compensation (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Stock option transactions
Share-based Payment Award, Options, Outstanding, Number, Beginning Balance	98,701
Weighted Average Exercise Price, Beginning of Period	$ 32.34
Aggregate Intrinsic Value, Beginning of Period	$ 0
Expired or Terminated, Options	(73,500)
Expired or Terminated, Weighted average exercise price	$ 32.61
Share-based Payment Award, Options, Outstanding, Number, Ending Balance	25,201
Weighted Average Exercise Price, End of Period	$ 31.57
Aggregate Intrinsic Value, Ending of Period	$ 0

XML

Income Taxes (Details 2) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Deferred tax assets (liabilities) for the taxable REIT subsidiaries
Investments in Joint Ventures	$ 15	$ 47
Fixed assets	0	1,863
Prepaid rent	45	71
Restricted stock	43	99
Capitalized Interest	0	626
Impairment of Real Estate	5,683	10,196
Foreign net operating loss carrying forward	828	706
Valuation Allowance	(5,078)	(9,301)	1,299
Other	483	569
Total Deferred Tax Assets, net of allowance	2,019	4,876
Straight line rent	(85)	(510)
Fixed assets	(1,946)	(3,397)
Other	(108)	(106)
Total deferred tax liabilities	(2,139)	(4,013)
Total net deferred tax (liability )asset	$ (120)	$ 863	$ 776

XML

Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

FIRST INDUSTRIAL REALTY TRUST, INC.

SCHEDULE III:

REAL ESTATE AND ACCUMULATED DEPRECIATION

As of December 31, 2011

(Dollars in thousand)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
Atlanta
4250 River Green Parkway	Duluth, GA	$	—	$	264	$	1,522	$	(67	)	$	214	$	1,505	$	1,719	$	710		1994		(l	)
3450 Corporate Parkway	Duluth, GA		—		506		2,904		(823	)		284		2,303		2,587		1,214		1994		(l	)
1650 Highway 155	McDonough, GA		—		788		4,544		(1,205	)		365		3,762		4,127		2,073		1994		(l	)
1665 Dogwood Drive	Conyers, GA		—		635		3,662		587			635		4,249		4,884		1,789		1994		(l	)
1715 Dogwood	Conyers, GA		—		288		1,675		783			228		2,518		2,746		893		1994		(l	)
11235 Harland Drive	Covington, GA		—		125		739		169			125		908		1,033		377		1994		(l	)
4051 Southmeadow Parkway	Atlanta, GA		—		726		4,130		875			726		5,005		5,731		2,002		1994		(l	)
4071 Southmeadow Parkway	Atlanta, GA		—		750		4,460		1,631			828		6,013		6,841		2,435		1994		(l	)
4081 Southmeadow Parkway	Atlanta, GA		—		1,012		5,918		1,651			1,157		7,424		8,581		3,048		1994		(l	)
5570 Tulane Dr (d)	Atlanta, GA		2,281		527		2,984		990			546		3,955		4,501		1,369		1996		(l	)
955 Cobb Place	Kennesaw, GA		3,018		780		4,420		754			804		5,150		5,954		2,010		1997		(l	)
1005 Sigman Road	Conyers, GA		2,118		566		3,134		433			574		3,559		4,133		1,034		1999		(l	)
2050 East Park Drive	Conyers, GA		—		452		2,504		143			459		2,640		3,099		799		1999		(l	)
1256 Oakbrook Drive	Norcross, GA		1,243		336		1,907		210			339		2,114		2,453		523		2001		(l	)
1265 Oakbrook Drive	Norcross, GA		1,170		307		1,742		259			309		1,999		2,308		510		2001		(l	)
1280 Oakbrook Drive	Norcross, GA		1,211		281		1,592		313			283		1,903		2,186		550		2001		(l	)
1300 Oakbrook Drive	Norcross, GA		1,699		420		2,381		267			423		2,645		3,068		685		2001		(l	)
1325 Oakbrook Drive	Norcross, GA		1,349		332		1,879		224			334		2,101		2,435		526		2001		(l	)
1351 Oakbrook Drive	Norcross, GA		—		370		2,099		(992	)		146		1,331		1,477		584		2001		(l	)
1346 Oakbrook Drive	Norcross, GA		—		740		4,192		(715	)		352		3,865		4,217		1,312		2001		(l	)
1412 Oakbrook Drive	Norcross, GA		—		313		1,776		(1,053	)		101		935		1,036		438		2001		(l	)
3060 South Park Blvd	Ellenwood, GA		—		1,600		12,464		1,590			1,604		14,050		15,654		3,469		2003		(l	)
Greenwood Industrial Park	McDonough, GA		4,580		1,550		—		7,485			1,550		7,485		9,035		1,384		2004		(l	)
46 Kent Drive	Cartersville GA		1,779		794		2,252		6			798		2,254		3,052		556		2005		(l	)
100 Dorris Williams	Villa Rica GA		1,640		401		3,754		(749	)		406		3,000		3,406		548		2005		(l	)
605 Stonehill Drive	Atlanta, GA		1,571		485		1,979		(38	)		490		1,936		2,426		1,155		2005		(l	)
5095 Phillip Lee Drive	Atlanta, GA		4,982		735		3,627		588			740		4,210		4,950		1,763		2005		(l	)
6514 Warren Drive	Norcross, GA		—		510		1,250		(61	)		513		1,186		1,699		271		2005		(l	)
6544 Warren Drive	Norcross, GA		—		711		2,310		284			715		2,590		3,305		570		2005		(l	)
5356 E. Ponce De Leon	Stone Mountain, GA		2,765		604		3,888		208			610		4,090		4,700		1,498		2005		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
5390 E. Ponce De Leon	Stone Mountain, GA		—		397		1,791		21			402		1,807		2,209		483		2005		(l	)
195 & 197 Collins Boulevard	Athens, GA		—		1,410		5,344		(1,742	)		989		4,023		5,012		2,520		2005		(l	)
1755 Enterprise Drive	Buford, GA		1,529		712		2,118		(10	)		716		2,104		2,820		568		2006		(l	)
4555 Atwater Court	Buford, GA		2,582		881		3,550		567			885		4,113		4,998		1,191		2006		(l	)
80 Liberty Industrial Parkway	McDonough, GA		—		756		3,695		(1,333	)		467		2,651		3,118		743		2007		(l	)
596 Bonnie Valentine	Pendergrass, GA		—		2,580		21,730		2,585			2,594		24,301		26,895		3,435		2007		(l	)
11415 Old Roswell Road	Alpharetta, GA		—		2,403		1,912		491			2,428		2,378		4,806		476		2008		(l	)
Baltimore
1820 Portal	Baltimore, MD		—		884		4,891		1,025			899		5,901		6,800		1,839		1998		(l	)
9700 Martin Luther King Hwy	Lanham, MD		—		700		1,920		377			700		2,297		2,997		530		2003		(l	)
9730 Martin Luther King Hwy	Lanham, MD		—		500		955		418			500		1,373		1,873		452		2003		(l	)
4621 Boston Way	Lanham, MD		—		1,100		3,070		298			1,100		3,368		4,468		839		2003		(l	)
4720 Boston Way	Lanham, MD		—		1,200		2,174		497			1,200		2,671		3,871		640		2003		(l	)
22520 Randolph Drive	Dulles, VA		7,745		3,200		8,187		(150	)		3,208		8,029		11,237		1,815		2004		(l	)
22630 Dulles Summit Court	Dulles, VA		—		2,200		9,346		(20	)		2,206		9,320		11,526		2,117		2004		(l	)
4201 Forbes Boulevard	Lanham, MD		—		356		1,823		341			375		2,145		2,520		573		2005		(l	)
4370-4383 Lottsford Vista Rd.	Lanham, MD		—		279		1,358		220			296		1,561		1,857		429		2005		(l	)
4400 Lottsford Vista Rd.	Lanham, MD		—		351		1,955		229			372		2,163		2,535		525		2005		(l	)
4420 Lottsford Vista Road	Lanham, MD		—		539		2,196		241			568		2,408		2,976		643		2005		(l	)
11204 McCormick Road	Hunt Valley, MD		—		1,017		3,132		51			1,038		3,162		4,200		932		2005		(l	)
11110 Pepper Road	Hunt Valley, MD		—		918		2,529		376			938		2,885		3,823		836		2005		(l	)
11100-11120 Gilroy Road	Hunt Valley, MD		—		901		1,455		(55	)		919		1,382		2,301		334		2005		(l	)
318 Clubhouse Lane	Hunt Valley, MD		—		701		1,691		(47	)		718		1,627		2,345		387		2005		(l	)
10709 Gilroy Road	Hunt Valley, MD		—		913		2,705		(113	)		913		2,592		3,505		889		2005		(l	)
10707 Gilroy Road	Hunt Valley, MD		—		1,111		3,819		55			1,136		3,849		4,985		980		2005		(l	)
38 Loveton Circle	Sparks, MD		—		1,648		2,151		(226	)		1,690		1,883		3,573		493		2005		(l	)
7120-7132 Ambassador Road	Baltimore, MD		—		829		1,329		406			847		1,717		2,564		361		2005		(l	)
7142 Ambassador Road	Hunt Valley, MD		—		924		2,876		2,374			942		5,232		6,174		830		2005		(l	)
7144-7162 Ambassador Road	Baltimore, MD		—		979		1,672		433			1,000		2,084		3,084		759		2005		(l	)
7223-7249 Ambassador Road	Woodlawn, MD		—		1,283		2,674		(40	)		1,311		2,606		3,917		877		2005		(l	)
7200 Rutherford Road	Baltimore, MD		—		1,032		2,150		242			1,054		2,370		3,424		635		2005		(l	)
2700 Lord Baltimore Road	Baltimore, MD		—		875		1,826		1,107			897		2,911		3,808		955		2005		(l	)
1225 Bengies Road	Baltimore, MD		—		2,640		270		14,660			2,823		14,747		17,570		2,028		2008		(l	)
Central Pennsylvania
1214-B Freedom Road	Cranberry Township, PA		1,362		31		994		613			200		1,438		1,638		1,099		1994		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
401 Russell Drive	Middletown, PA		1,240		262		857		1,755			287		2,587		2,874		1,755		1994		(l	)
2700 Commerce Drive	Middletown, PA		—		196		997		856			206		1,843		2,049		1,214		1994		(l	)
2701 Commerce Drive	Middletown, PA		1,883		141		859		1,263			164		2,099		2,263		1,245		1994		(l	)
2780 Commerce Drive	Middletown, PA		1,682		113		743		1,165			209		1,812		2,021		1,238		1994		(l	)
350 Old Silver Spring Road	Mechanicsburg, PA		—		510		2,890		6,396			541		9,255		9,796		3,020		1997		(l	)
16522 Hunters Green Parkway	Hagerstown, MD		12,962		1,390		13,104		3,893			1,863		16,524		18,387		3,480		2003		(l	)
18212 Shawley Drive	Hagerstown, MD		6,748		1,000		5,847		1,198			1,016		7,029		8,045		1,699		2004		(l	)
37 Valleyview Business Park	Jessup, PA		2,926		542		—		2,974			532		2,984		3,516		523		2004		(l	)
301 Railroad Avenue	Shiremanstown, PA		—		1,181		4,447		2,412			1,328		6,712		8,040		1,870		2005		(l	)
431 Railroad Avenue	Shiremanstown, PA		8,882		1,293		7,164		2,063			1,341		9,179		10,520		2,697		2005		(l	)
6951 Allentown Blvd	Harrisburg, PA		—		585		3,176		124			601		3,284		3,885		811		2005		(l	)
320 Museum Road	Washington, PA		—		201		1,819		(162	)		178		1,680		1,858		632		2005		(l	)
1351 Eisenhower Blvd., Bldg 1	Harrisburg, PA		1,920		382		2,343		39			387		2,377		2,764		524		2006		(l	)
1351 Eisenhower Blvd., Bldg 2	Harrisburg, PA		1,417		436		1,587		52			443		1,632		2,075		411		2006		(l	)
1490 Commerce Avenue	Carlisle, PA		—		1,500		—		13,845			2,341		13,004		15,345		1,579		2008		(l	)
600 First Avenue	Gouldsboro, PA		—		7,022		—		58,189			7,019		58,192		65,211		5,010		2008		(l	)
225 Cross Farm Lane	York, PA		18,885		4,718		—		23,567			4,715		23,570		28,285		2,510		2008		(l	)
Chicago
720-730 Landwehr Road	Northbrook, IL		—		521		2,982		1,076			521		4,058		4,579		1,983		1994		(l	)
20W201 101st Street	Lemont, IL		4,149		967		5,554		1,579			968		7,132		8,100		2,712		1994		(l	)
6750 South Sayre Avenue	Bedford Park, IL		—		224		1,309		555			224		1,864		2,088		754		1994		(l	)
585 Slawin Court	Mount Prospect, IL		—		611		3,505		1,644			525		5,235		5,760		2,387		1994		(l	)
2300 Windsor Court	Addison, IL		3,930		688		3,943		1,255			696		5,190		5,886		2,325		1994		(l	)
3505 Thayer Court	Aurora, IL		—		430		2,472		396			430		2,868		3,298		1,208		1994		(l	)
305-311 Era Drive	Northbrook, IL		—		200		1,154		916			205		2,065		2,270		623		1994		(l	)
3150-3160 MacArthur Boulevard	Northbrook, IL		—		429		2,518		135			429		2,653		3,082		1,143		1994		(l	)
365 North Avenue	Carol Stream, IL		6,256		1,042		6,882		2,621			1,073		9,472		10,545		4,093		1994		(l	)
11241 Melrose Street	Franklin Park, IL		—		332		1,931		42			208		2,097		2,305		1,163		1995		(l	)
11939 S Central Avenue	Alsip, IL		—		1,208		6,843		2,633			1,305		9,379		10,684		3,079		1997		(l	)
405 East Shawmut	LaGrange, IL		—		368		2,083		(1,046	)		81		1,324		1,405		830		1997		(l	)
1010-50 Sesame Street	Bensenville, IL		—		979		5,546		2,782			1,048		8,259		9,307		2,698		1997		(l	)
2120-24 Roberts	Broadview, IL		—		220		1,248		219			231		1,456		1,687		501		1998		(l	)
800 Business Center Drive	Mount Prospect, IL		—		631		3,493		328			666		3,786		4,452		1,034		2000		(l	)
580 Slawin Court	Mount Prospect, IL		—		233		1,292		(29	)		162		1,334		1,496		427		2000		(l	)
19W661 101st Street	Lemont, IL		—		1,200		6,643		1,957			1,220		8,580		9,800		2,899		2001		(l	)
175 Wall Street	Glendale Heights, IL		1,497		427		2,363		163			433		2,520		2,953		658		2002		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
800-820 Thorndale Avenue	Bensenville, IL		—		751		4,159		2,336			761		6,485		7,246		2,126		2002		(l	)
251 Airport Road	North Aurora, IL		5,325		983		—		6,711			983		6,711		7,694		1,589		2002		(l	)
1661 Feehanville Drive	Mount Prospect, IL		—		985		5,455		2,243			1,044		7,639		8,683		2,224		2004		(l	)
1850 Touhy & 1158 McCage Ave.	Elk Grove Village, IL		—		1,500		4,842		(95	)		1,514		4,733		6,247		1,175		2004		(l	)
1088-1130 Thorndale Avenue	Bensenville, IL		-		2,103		3,674		249			2,108		3,918		6,026		1,220		2005		(l	)
855-891 Busse Rd.	Bensenville, IL		—		1,597		2,767		(72	)		1,601		2,691		4,292		821		2005		(l	)
1060-1074 W. Thorndale Ave	Bensenville, IL		—		1,704		2,108		298			1,709		2,401		4,110		779		2005		(l	)
400 Crossroads Pkwy	Bolingbrook, IL		5,658		1,178		9,453		927			1,181		10,377		11,558		2,508		2005		(l	)
7609 W. Industrial Drive	Forest Park, IL		—		1,207		2,343		210			1,213		2,547		3,760		833		2005		(l	)
7801 W. Industrial Drive	Forest Park, IL		—		1,215		3,020		240			1,220		3,255		4,475		866		2005		(l	)
825 E. 26th Street	LaGrange, IL		—		1,547		2,078		2,639			1,617		4,647		6,264		1,580		2005		(l	)
725 Kimberly Drive	Carol Stream, IL		—		793		1,395		203			801		1,590		2,391		396		2005		(l	)
17001 S. Vincennes	Thornton, IL		—		497		504		24			513		512		1,025		249		2005		(l	)
1111 Davis Road	Elgin, IL		—		998		1,859		910			1,046		2,721		3,767		1,219		2006		(l	)
2900 W. 166th Street	Markham, IL		—		1,132		4,293		723			1,134		5,014		6,148		1,456		2007		(l	)
555 W. Algonquin Rd	Arlington Heights, IL		1,912		574		741		2,053			579		2,789		3,368		524		2007		(l	)
7000 W. 60th Street	Chicago, IL		—		609		932		237			667		1,111		1,778		575		2007		(l	)
9501 Nevada	Franklin Park, IL		7,568		2,721		5,630		101			2,737		5,715		8,452		930		2008		(l	)
1501 Oakton Street	Elk Grove Village, IL		—		3,369		6,121		139			3,482		6,147		9,629		1,224		2008		(l	)
16500 W. 103rd Street	Woodridge, IL		2,785		744		2,458		405			760		2,848		3,608		526		2008		(l	)
Cincinnati
9900-9970 Princeton	Cincinnati, OH		—		545		3,088		1,443			566		4,510		5,076		1,700		1996		(l	)
2940 Highland Avenue	Cincinnati, OH		—		1,717		9,730		(650	)		1,146		9,651		10,797		4,440		1996		(l	)
4700-4750 Creek Road	Blue Ash, OH		—		1,080		6,118		1,126			1,109		7,215		8,324		2,593		1996		(l	)
901 Pleasant Valley Drive	Springboro, OH		—		304		1,721		(406	)		190		1,429		1,619		609		1998		(l	)
4436 Mulhauser Road	Hamilton, OH		3,813		630		—		5,081			630		5,081		5,711		1,146		2002		(l	)
4438 Mulhauser Road	Hamilton, OH		4,946		779		—		6,738			779		6,738		7,517		1,840		2002		(l	)
420 Wards Corner Road	Loveland, OH		—		600		1,083		695			606		1,772		2,378		487		2003		(l	)
422 Wards Corner Road	Loveland, OH		—		600		1,811		(26	)		592		1,793		2,385		485		2003		(l	)
4663 Dues Drive	Westchester, OH		—		858		2,273		962			875		3,218		4,093		2,104		2005		(l	)
9345 Princeton-Glendale Road	Westchester, OH		1,553		818		1,648		357			840		1,983		2,823		732		2006		(l	)
9525 Glades Drive	Westchester, OH		—		347		1,323		235			355		1,550		1,905		423		2007		(l	)
9776-9876 Windisch Road	Westchester, OH		—		392		1,744		(1	)		394		1,741		2,135		348		2007		(l	)
9810-9822 Windisch Road	Westchester, OH		—		395		2,541		27			397		2,566		2,963		399		2007		(l	)
9842-9862 Windisch Road	Westchester, OH		—		506		3,148		68			508		3,214		3,722		454		2007		(l	)
9872-9898 Windisch Road	Westchester, OH		—		546		3,039		62			548		3,099		3,647		507		2007		(l	)
9902-9922 Windisch Road	Westchester, OH		—		623		4,003		208			627		4,207		4,834		782		2007		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
Cleveland
31311 Emerald Valley Pkwy.	Glenwillow, OH		9,674		681		11,838		968			691		12,796		13,487		2,583		2006		(l	)
30333 Emerald Valley Pkwy.	Glenwillow, OH		4,891		466		5,447		134			475		5,572		6,047		1,321		2006		(l	)
7800 Cochran Road	Glenwillow, OH		7,004		972		7,033		288			991		7,302		8,293		1,692		2006		(l	)
7900 Cochran Road	Glenwillow, OH		5,367		775		6,244		5			792		6,232		7,024		1,256		2006		(l	)
7905 Cochran Road	Glenwillow, OH		—		920		6,174		270			921		6,443		7,364		1,340		2006		(l	)
30600 Carter Street	Solon, OH		—		989		3,042		448			1,022		3,457		4,479		1,661		2006		(l	)
8181 Darrow Road	Twinsburg, OH		7,473		2,478		6,791		1,922			2,496		8,696		11,192		1,713		2008		(l	)
Columbus
3800 Lockbourne Industrial Pkwy	Columbus, OH		—		1,045		6,421		(1,759	)		609		5,098		5,707		2,348		1996		(l	)
3880 Groveport Road	Columbus, OH		—		1,955		12,154		(3,138	)		1,275		9,696		10,971		4,369		1996		(l	)
1819 North Walcutt Road	Columbus, OH		—		637		4,590		(1,190	)		374		3,663		4,037		1,487		1997		(l	)
4115 Leap Road (d)	Hillard, OH		—		756		4,297		1,636			756		5,933		6,689		2,069		1998		(l	)
3300 Lockbourne	Columbus, OH		—		708		3,920		(2,050	)		162		2,416		2,578		1,513		1998		(l	)
1076 Pittsburgh Drive	Delaware, OH		—		2,265		4,733		(49	)		2,184		4,765		6,949		1,220		2005		(l	)
6150 Huntly Road	Columbus, OH		—		920		4,810		(1,733	)		591		3,406		3,997		857		2005		(l	)
4985 Frusta Drive	Obetz, OH		—		318		837		255			326		1,084		1,410		392		2006		(l	)
4600 S. Hamilton Road	Columbus, OH		—		681		5,941		(3,327	)		236		3,059		3,295		915		2006		(l	)
4311 Janitrol Road	Groveport, OH		—		662		4,332		1,419			675		5,738		6,413		1,387		2007		(l	)
Dallas/Fort Worth
2406-2416 Walnut Ridge	Dallas, TX		—		178		1,006		606			172		1,618		1,790		459		1997		(l	)
2401-2419 Walnut Ridge	Dallas, TX		—		148		839		397			142		1,242		1,384		313		1997		(l	)
900-906 Great Southwest Pkwy	Arlington, TX		—		237		1,342		600			270		1,909		2,179		597		1997		(l	)
3000 West Commerce	Dallas, TX		—		456		2,584		1,110			469		3,681		4,150		1,178		1997		(l	)
3030 Hansboro	Dallas, TX		—		266		1,510		(615	)		87		1,074		1,161		646		1997		(l	)
405-407 113th	Arlington, TX		—		181		1,026		581			185		1,603		1,788		494		1997		(l	)
816 111th Street	Arlington, TX		872		251		1,421		132			258		1,546		1,804		558		1997		(l	)
7427 Dogwood Park	Richland Hills, TX		—		96		532		569			102		1,095		1,197		501		1998		(l	)
7348-54 Tower Street	Richland Hills, TX		—		88		489		225			94		708		802		238		1998		(l	)
7339-41 Tower Street	Richland Hills, TX		—		98		541		172			104		707		811		216		1998		(l	)
7437-45 Tower Street	Richland Hills, TX		—		102		563		170			108		727		835		220		1998		(l	)
7331-59 Airport Freeway	Richland Hills, TX		1,758		354		1,958		321			372		2,261		2,633		761		1998		(l	)
7338-60 Dogwood Park	Richland Hills, TX		—		106		587		123			112		704		816		226		1998		(l	)
7450-70 Dogwood Park	Richland Hills, TX		—		106		584		146			112		724		836		250		1998		(l	)
7423-49 Airport Freeway	Richland Hills, TX		1,485		293		1,621		309			308		1,915		2,223		631		1998		(l	)
7400 Whitehall Street	Richland Hills, TX		—		109		603		61			115		658		773		214		1998		(l	)
1602-1654 Terre Colony	Dallas, TX		1,867		458		2,596		810			468		3,396		3,864		941		2000		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
2351-2355 Merritt Drive	Garland, TX		—		101		574		87			92		670		762		212		2000		(l	)
701-735 North Plano Road	Richardson, TX		—		696		3,944		(1,339	)		268		3,033		3,301		1,186		2000		(l	)
2220 Merritt Drive	Garland, TX		—		352		1,993		852			316		2,881		3,197		981		2000		(l	)
2010 Merritt Drive	Garland, TX		—		350		1,981		354			318		2,367		2,685		786		2000		(l	)
2363 Merritt Drive	Garland, TX		—		73		412		72			47		510		557		213		2000		(l	)
2447 Merritt Drive	Garland, TX		—		70		395		(107	)		23		335		358		137		2000		(l	)
2465-2475 Merritt Drive	Garland, TX		—		91		514		35			71		569		640		176		2000		(l	)
2485-2505 Merritt Drive	Garland, TX		—		431		2,440		851			426		3,296		3,722		880		2000		(l	)
2081 Hutton Drive—Bldg 1 (e)	Carrolton, TX		—		448		2,540		(489	)		265		2,234		2,499		704		2001		(l	)
2110 Hutton Drive	Carrolton, TX		—		374		2,117		(355	)		251		1,885		2,136		721		2001		(l	)
2025 McKenzie Drive	Carrolton, TX		1,583		437		2,478		363			442		2,836		3,278		882		2001		(l	)
2019 McKenzie Drive	Carrolton, TX		1,885		502		2,843		557			507		3,395		3,902		1,020		2001		(l	)
1420 Valwood Parkway—Bldg 1 (d)	Carrolton, TX		—		460		2,608		(1,467	)		112		1,489		1,601		797		2001		(l	)
1620 Valwood Parkway (e)	Carrolton, TX		—		1,089		6,173		(1,309	)		605		5,348		5,953		1,829		2001		(l	)
1505 Luna Road—Bldg II	Carrolton, TX		—		167		948		(480	)		68		567		635		254		2001		(l	)
1625 West Crosby Road	Carrolton, TX		—		617		3,498		(732	)		381		3,002		3,383		982		2001		(l	)
2029-2035 McKenzie Drive	Carrolton, TX		1,586		306		1,870		234			306		2,104		2,410		543		2001		(l	)
1840 Hutton Drive (d)	Carrolton, TX		—		811		4,597		(560	)		567		4,281		4,848		1,362		2001		(l	)
1420 Valwood Pkwy—Bldg II	Carrolton, TX		—		373		2,116		300			366		2,423		2,789		616		2001		(l	)
2015 McKenzie Drive	Carrolton, TX		2,629		510		2,891		397			516		3,282		3,798		942		2001		(l	)
2009 McKenzie Drive	Carrolton, TX		2,460		476		2,699		379			481		3,073		3,554		890		2001		(l	)
1505 Luna Road—Bldg I	Carrolton, TX		—		521		2,953		(1,965	)		129		1,380		1,509		735		2001		(l	)
2104 Hutton Drive	Carrolton, TX		—		246		1,393		(422	)		130		1,087		1,217		372		2001		(l	)
900-1100 Avenue S	Grand Prairie, TX		2,679		623		3,528		1,395			629		4,917		5,546		1,267		2002		(l	)
Plano Crossing (f)	Plano, TX		9,699		1,961		11,112		940			1,981		12,032		14,013		2,989		2002		(l	)
7413A-C Dogwood Park	Richland Hills, TX		—		110		623		249			111		871		982		197		2002		(l	)
7450 Tower Street	Richland Hills, TX		—		36		204		103			36		307		343		80		2002		(l	)
7436 Tower Street	Richland Hills, TX		—		57		324		195			58		518		576		98		2002		(l	)
7426 Tower Street	Richland Hills, TX		—		76		429		240			76		669		745		152		2002		(l	)
7427-7429 Tower Street	Richland Hills, TX		—		75		427		130			76		556		632		136		2002		(l	)
2840-2842 Handley Ederville Rd	Richland Hills, TX		—		112		635		51			113		685		798		161		2002		(l	)
7451-7477 Airport Freeway	Richland Hills, TX		1,347		256		1,453		309			259		1,759		2,018		433		2002		(l	)
7450 Whitehall Street	Richland Hills, TX		—		104		591		414			105		1,004		1,109		210		2002		(l	)
3000 Wesley Way	Richland Hills, TX		892		208		1,181		18			211		1,196		1,407		277		2002		(l	)
7451 Dogwood Park	Richland Hills, TX		602		133		753		29			134		781		915		187		2002		(l	)
825-827 Avenue H (d)	Arlington, TX		—		600		3,006		33			604		3,035		3,639		906		2004		(l	)
1013-31 Avenue M	Grand Prairie, TX		-		300		1,504		227			302		1,729		2,031		402		2004		(l	)
1172-84 113th Street (d)	Grand Prairie, TX		2,077		700		3,509		(94	)		704		3,411		4,115		866		2004		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
1200-16 Avenue H (d)	Arlington, TX		1,838		600		2,846		248			604		3,090		3,694		682		2004		(l	)
1322-66 N. Carrier Parkway (e)	Grand Prairie, TX		—		1,000		5,012		131			1,006		5,137		6,143		1,262		2004		(l	)
2401-2407 Centennial Dr	Arlington, TX		2,266		600		2,534		45			604		2,575		3,179		834		2004		(l	)
3111 West Commerce Street	Dallas, TX		—		1,000		3,364		101			1,011		3,454		4,465		1,225		2004		(l	)
9150 North Royal Lane	Irving, TX		—		818		3,767		(1,939	)		344		2,302		2,646		893		2005		(l	)
13800 Senlac Drive	Farmers Ranch, TX		—		823		4,042		(89	)		825		3,951		4,776		837		2005		(l	)
801-831 S Great Southwest Pkwy (g)	Grand Prairie, TX		—		2,581		16,556		(876	)		2,586		15,675		18,261		5,220		2005		(l	)
801-842 Heinz Way	Grand Prairie, TX		2,979		599		3,327		349			601		3,674		4,275		1,206		2005		(l	)
901-937 Heinz Way	Grand Prairie, TX		2,204		493		2,758		(14	)		481		2,756		3,237		1,008		2005		(l	)
3301 Century Circle	Irving, TX		2,578		760		3,856		204			771		4,049		4,820		665		2007		(l	)
First Garland Dist Ctr.	Garland, TX		—		1,912		—		14,941			1,947		14,906		16,853		1,887		2008		(l	)
Denver
4785 Elati	Denver, CO		—		173		981		169			175		1,148		1,323		365		1997		(l	)
4770 Fox Street	Denver, CO		—		132		750		201			134		949		1,083		306		1997		(l	)
3871 Revere	Denver, CO		1,300		361		2,047		282			368		2,322		2,690		786		1997		(l	)
4570 Ivy Street	Denver, CO		1,087		219		1,239		256			220		1,494		1,714		511		1997		(l	)
5855 Stapleton Drive North	Denver, CO		1,339		288		1,630		194			290		1,822		2,112		635		1997		(l	)
5885 Stapleton Drive North	Denver, CO		1,811		376		2,129		350			380		2,475		2,855		902		1997		(l	)
5977-5995 North Broadway	Denver, CO		1,397		268		1,518		306			271		1,821		2,092		605		1997		(l	)
5952-5978 North Broadway	Denver, CO		2,397		414		2,346		831			422		3,169		3,591		1,096		1997		(l	)
4721 Ironton Street	Denver, CO		—		232		1,313		24			236		1,333		1,569		441		1997		(l	)
East 47th Drive—A	Denver, CO		—		441		2,689		(30	)		441		2,659		3,100		953		1997		(l	)
9500 West 49th Street—A	Wheatridge, CO		—		283		1,625		71			287		1,692		1,979		620		1997		(l	)
9500 West 49th Street—B	Wheatridge, CO		—		225		1,272		192			227		1,462		1,689		535		1997		(l	)
9500 West 49th Street—C	Wheatridge, CO		—		600		3,409		114			601		3,522		4,123		1,254		1997		(l	)
9500 West 49th Street—D	Wheatridge, CO		—		246		1,537		400			247		1,936		2,183		694		1997		(l	)
451-591 East 124th Avenue	Littleton, CO		—		383		2,145		96			383		2,241		2,624		704		1997		(l	)
608 Garrison Street	Lakewood, CO		—		265		1,501		419			269		1,916		2,185		677		1997		(l	)
610 Garrison Street	Lakewood, CO		—		264		1,494		445			265		1,938		2,203		659		1997		(l	)
15000 West 6th Avenue	Golden, CO		—		913		5,174		868			918		6,037		6,955		2,089		1997		(l	)
14998 West 6th Avenue Bldg E	Golden, CO		—		565		3,199		342			570		3,536		4,106		1,256		1997		(l	)
14998 West 6th Avenue Bldg F	Englewood, CO		—		269		1,525		104			273		1,625		1,898		561		1997		(l	)
12503 East Euclid Drive	Denver, CO		—		1,208		6,905		364			1,036		7,441		8,477		2,710		1997		(l	)
6547 South Racine Circle	Englewood, CO		2,958		739		4,241		328			739		4,569		5,308		1,657		1997		(l	)
11701 East 53rd Avenue	Denver, CO		—		416		2,355		262			422		2,611		3,033		927		1997		(l	)
5401 Oswego Street	Denver, CO		—		273		1,547		343			278		1,885		2,163		660		1997		(l	)
14818 West 6th Avenue Bldg A	Golden, CO		—		468		2,799		327			468		3,126		3,594		1,174		1997		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
14828 West 6th Avenue Bldg B	Golden, CO		—		503		2,942		214			503		3,156		3,659		1,102		1997		(l	)
445 Bryant Street	Denver, CO		7,196		1,829		10,219		2,848			1,829		13,067		14,896		4,219		1998		(l	)
3811 Joliet	Denver, CO		—		735		4,166		448			752		4,597		5,349		1,566		1998		(l	)
12055 E 49th Ave/4955 Peoria	Denver, CO		—		298		1,688		524			305		2,205		2,510		721		1998		(l	)
4940-4950 Paris	Denver, CO		—		152		861		248			156		1,105		1,261		345		1998		(l	)
4970 Paris	Denver, CO		—		95		537		144			97		679		776		228		1998		(l	)
7367 South Revere Parkway	Englewood, CO		3,327		926		5,124		836			934		5,952		6,886		2,274		1998		(l	)
8200 East Park Meadows Drive (d)	Lone Tree, CO		—		1,297		7,348		1,179			1,304		8,520		9,824		2,467		2000		(l	)
3250 Quentin (d)	Aurora, CO		—		1,220		6,911		657			1,230		7,558		8,788		2,155		2000		(l	)
Highpoint Bus Ctr B	Littleton, CO		—		739		—		3,408			781		3,366		4,147		807		2000		(l	)
1130 W. 124th Ave.	Westminster, CO		—		441		—		3,889			441		3,889		4,330		1,388		2000		(l	)
1070 W. 124th Ave.	Westminster, CO		—		374		—		2,792			374		2,792		3,166		680		2000		(l	)
1020 W. 124th Ave.	Westminster, CO		—		374		—		2,784			374		2,784		3,158		708		2000		(l	)
Jeffco Bus Ctr Phase I	Broomfield, CO		—		312		—		1,395			370		1,337		1,707		329		2001		(l	)
960 W. 124th Ave	Westminster, CO		—		441		—		3,477			442		3,476		3,918		1,037		2001		(l	)
8820 W. 116th Street	Broomfield, CO		—		338		1,918		330			372		2,214		2,586		490		2003		(l	)
8835 W. 116th Street	Broomfield, CO		—		1,151		6,523		1,154			1,304		7,524		8,828		1,575		2003		(l	)
18150 E. 32nd Street	Aurora, CO		1,959		563		3,188		305			572		3,484		4,056		861		2004		(l	)
3400 Fraser Street	Aurora, CO		2,439		616		3,593		(168	)		620		3,421		4,041		716		2005		(l	)
7005 E. 46th Avenue Drive	Denver, CO		1,479		512		2,025		95			517		2,115		2,632		495		2005		(l	)
4001 Salazar Way	Frederick, CO		4,189		1,271		6,508		(88	)		1,276		6,415		7,691		1,364		2006		(l	)
5909-5915 N. Broadway	Denver, CO		952		495		1,268		85			500		1,348		1,848		368		2006		(l	)
555 Corporate Circle	Golden, CO		—		499		2,673		2,156			559		4,769		5,328		684		2006		(l	)
Detroit
1731 Thorncroft	Troy, MI		—		331		1,904		189			331		2,093		2,424		880		1994		(l	)
47461 Clipper	Plymouth Township, MI		—		122		723		66			122		789		911		348		1994		(l	)
238 Executive Drive	Troy, MI		—		52		173		514			100		639		739		566		1994		(l	)
449 Executive Drive	Troy, MI		—		125		425		1,057			218		1,389		1,607		1,195		1994		(l	)
501 Executive Drive	Troy, MI		—		71		236		600			129		778		907		582		1994		(l	)
451 Robbins Drive	Troy, MI		—		96		448		889			192		1,241		1,433		1,105		1994		(l	)
1095 Crooks Road	Troy, MI		—		331		1,017		2,271			360		3,259		3,619		2,057		1994		(l	)
1416 Meijer Drive	Troy, MI		—		94		394		516			121		883		1,004		806		1994		(l	)
1624 Meijer Drive	Troy, MI		—		236		1,406		1,055			373		2,324		2,697		1,852		1994		(l	)
1972 Meijer Drive	Troy, MI		—		315		1,301		738			372		1,982		2,354		1,531		1994		(l	)
1621 Northwood Drive	Troy, MI		—		85		351		1,014			215		1,235		1,450		1,158		1994		(l	)
1707 Northwood Drive	Troy, MI		—		95		262		1,316			239		1,434		1,673		1,178		1994		(l	)
1788 Northwood Drive	Troy, MI		—		50		196		483			103		626		729		560		1994		(l	)
1821 Northwood Drive	Troy, MI		—		132		523		855			220		1,290		1,510		1,165		1994		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
1826 Northwood Drive	Troy, MI		—		55		208		472			103		632		735		550		1994		(l	)
1864 Northwood Drive	Troy, MI		—		57		190		489			107		629		736		568		1994		(l	)
2277 Elliott Avenue	Troy, MI		—		48		188		389			29		596		625		546		1994		(l	)
2451 Elliott Avenue	Troy, MI		—		78		319		739			164		972		1,136		902		1994		(l	)
2730 Research Drive	Rochester Hills, MI		—		903		4,215		1,402			903		5,617		6,520		3,937		1994		(l	)
2791 Research Drive	Rochester Hills, MI		—		557		2,731		720			560		3,448		4,008		2,358		1994		(l	)
2871 Research Drive	Rochester Hills, MI		—		324		1,487		570			327		2,054		2,381		1,346		1994		(l	)
3011 Research Drive	Rochester Hills, MI		—		457		2,104		687			457		2,791		3,248		1,941		1994		(l	)
2870 Technology Drive	Rochester Hills, MI		—		275		1,262		292			279		1,550		1,829		1,133		1994		(l	)
2900 Technology Drive	Rochester Hills, MI		—		214		977		562			219		1,534		1,753		856		1994		(l	)
2930 Technology Drive	Rochester Hills, MI		—		131		594		379			138		966		1,104		598		1994		(l	)
2950 Technology Drive	Rochester Hills, MI		—		178		819		381			185		1,193		1,378		820		1994		(l	)
23014 Commerce Drive	Farmington Hills, MI		—		39		203		216			56		402		458		302		1994		(l	)
23028 Commerce Drive	Farmington Hills, MI		—		98		507		285			125		765		890		611		1994		(l	)
23035 Commerce Drive	Farmington Hills, MI		—		71		355		278			93		611		704		487		1994		(l	)
23042 Commerce Drive	Farmintgon Hills, MI		—		67		277		273			89		528		617		444		1994		(l	)
23065 Commerce Drive	Farmington Hills, MI		—		71		408		285			93		671		764		477		1994		(l	)
23079 Commerce Drive	Farmington Hills, MI		—		68		301		290			79		580		659		431		1994		(l	)
23093 Commerce Drive	Farmington Hills, MI		—		211		1,024		805			295		1,745		2,040		1,423		1994		(l	)
23135 Commerce Drive	Farmington Hills, MI		—		146		701		392			158		1,081		1,239		753		1994		(l	)
23163 Commerce Drive	Farmington Hills, MI		—		111		513		341			138		827		965		605		1994		(l	)
23177 Commerce Drive	Farmington Hills, MI		—		175		1,007		566			254		1,494		1,748		1,119		1994		(l	)
23206 Commerce Drive	Farmington Hills, MI		—		125		531		367			137		886		1,023		629		1994		(l	)
23370 Commerce Drive	Farmington Hills, MI		—		59		233		175			66		401		467		372		1994		(l	)
6515 Cobb Drive	Sterling Heights, MI		—		305		1,753		242			305		1,995		2,300		830		1994		(l	)
1451 East Lincoln Avenue	Madison Heights, MI		—		299		1,703		(476	)		148		1,378		1,526		773		1995		(l	)
4400 Purks Drive	Auburn Hills, MI		—		602		3,410		3,300			612		6,700		7,312		2,494		1995		(l	)
32450 N Avis Drive	Madison Heights, MI		—		281		1,590		529			286		2,114		2,400		779		1996		(l	)
12707 Eckles Road	Plymouth Township, MI		—		255		1,445		243			267		1,676		1,943		617		1996		(l	)
9300-9328 Harrison Rd	Romulus, MI		—		147		834		395			154		1,222		1,376		430		1996		(l	)
9330-9358 Harrison Rd	Romulus, MI		—		81		456		271			85		723		808		259		1996		(l	)
28420-28448 Highland Rd	Romulus, MI		—		143		809		268			149		1,071		1,220		370		1996		(l	)
28450-28478 Highland Rd	Romulus, MI		—		81		461		602			85		1,059		1,144		359		1996		(l	)
28421-28449 Highland Rd	Romulus, MI		—		109		617		491			114		1,103		1,217		393		1996		(l	)
28451-28479 Highland Rd	Romulus, MI		—		107		608		380			112		983		1,095		325		1996		(l	)
28825-28909 Highland Rd	Romulus, MI		—		70		395		314			73		706		779		279		1996		(l	)
28933-29017 Highland Rd	Romulus, MI		—		112		634		255			117		884		1,001		295		1996		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
28824-28908 Highland Rd	Romulus, MI		—		134		760		441			140		1,195		1,335		373		1996		(l	)
28932-29016 Highland Rd	Romulus, MI		—		123		694		453			128		1,142		1,270		343		1996		(l	)
9710-9734 Harrison Rd	Romulus, MI		—		125		706		412			130		1,113		1,243		336		1996		(l	)
9740-9772 Harrison Rd	Romulus, MI		—		132		749		311			138		1,054		1,192		354		1996		(l	)
9840-9868 Harrison Rd	Romulus, MI		—		144		815		262			151		1,070		1,221		352		1996		(l	)
9800-9824 Harrison Rd	Romulus, MI		—		117		664		343			123		1,001		1,124		325		1996		(l	)
29265-29285 Airport Dr	Romulus, MI		—		140		794		299			147		1,086		1,233		412		1996		(l	)
29185-29225 Airport Dr	Romulus, MI		—		140		792		502			146		1,288		1,434		400		1996		(l	)
29149-29165 Airport Dr	Romulus, MI		—		216		1,225		248			226		1,463		1,689		550		1996		(l	)
29101-29115 Airport Dr	Romulus, MI		—		130		738		257			136		989		1,125		372		1996		(l	)
29031-29045 Airport Dr	Romulus, MI		—		124		704		130			130		828		958		317		1996		(l	)
29050-29062 Airport Dr	Romulus, MI		—		127		718		230			133		942		1,075		337		1996		(l	)
29120-29134 Airport Dr	Romulus, MI		—		161		912		268			169		1,172		1,341		423		1996		(l	)
29200-29214 Airport Dr	Romulus, MI		—		170		963		292			178		1,247		1,425		458		1996		(l	)
9301-9339 Middlebelt Rd	Romulus, MI		—		124		703		461			130		1,158		1,288		375		1996		(l	)
32975 Capitol Avenue	Livonia, MI		—		135		748		(170	)		77		636		713		273		1998		(l	)
32920 Capitol Avenue	Livonia, MI		—		76		422		(91	)		27		380		407		165		1998		(l	)
11923 Brookfield Avenue	Livonia, MI		—		120		665		(350	)		32		403		435		258		1998		(l	)
11965 Brookfield Avenue	Livonia, MI		—		120		665		(382	)		28		375		403		228		1998		(l	)
13405 Stark Road	Livonia, MI		—		46		254		(3	)		30		267		297		104		1998		(l	)
1170 Chicago Road	Troy, MI		—		249		1,380		(428	)		134		1,067		1,201		523		1998		(l	)
1200 Chicago Road	Troy, MI		—		268		1,483		271			286		1,736		2,022		579		1998		(l	)
450 Robbins Drive	Troy, MI		—		166		920		281			178		1,189		1,367		422		1998		(l	)
1230 Chicago Road	Troy, MI		—		271		1,498		162			289		1,642		1,931		555		1998		(l	)
12886 Westmore Avenue	Livonia, MI		—		190		1,050		(351	)		86		803		889		389		1998		(l	)
33025 Industrial Road	Livonia, MI		—		80		442		(324	)		6		192		198		162		1998		(l	)
47711 Clipper Street	Plymouth Township, MI		—		539		2,983		279			575		3,226		3,801		1,093		1998		(l	)
32975 Industrial Road	Livonia, MI		—		160		887		(192	)		92		763		855		328		1998		(l	)
32985 Industrial Road	Livonia, MI		—		137		761		(329	)		46		523		569		274		1998		(l	)
32995 Industrial Road	Livonia, MI		—		160		887		(388	)		53		606		659		347		1998		(l	)
12874 Westmore Avenue	Livonia, MI		—		137		761		(275	)		58		565		623		281		1998		(l	)
1775 Bellingham	Troy, MI		—		344		1,902		365			367		2,244		2,611		752		1998		(l	)
1785 East Maple	Troy, MI		—		92		507		140			98		641		739		201		1998		(l	)
1807 East Maple	Troy, MI		—		321		1,775		(428	)		191		1,477		1,668		638		1998		(l	)
980 Chicago	Troy, MI		—		206		1,141		224			220		1,351		1,571		443		1998		(l	)
1840 Enterprise Drive	Rochester Hills, MI		—		573		3,170		(2,266	)		49		1,428		1,477		1,069		1998		(l	)
1885 Enterprise Drive	Rochester Hills, MI		—		209		1,158		129			223		1,273		1,496		428		1998		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
1935-55 Enterprise Drive	Rochester Hills, MI		—		1,285		7,144		1,317			1,371		8,375		9,746		2,631		1998		(l	)
5500 Enterprise Court	Warren, MI		—		675		3,737		586			721		4,277		4,998		1,410		1998		(l	)
750 Chicago Road	Troy, MI		—		323		1,790		503			345		2,271		2,616		811		1998		(l	)
800 Chicago Road	Troy, MI		—		283		1,567		366			302		1,914		2,216		636		1998		(l	)
850 Chicago Road	Troy, MI		—		183		1,016		218			196		1,221		1,417		400		1998		(l	)
6833 Center Drive	Sterling Heights, MI		—		467		2,583		204			493		2,761		3,254		954		1998		(l	)
1100 East Mandoline Road	Madison Heights, MI		—		888		4,915		(1,273	)		332		4,198		4,530		1,920		1998		(l	)
1120 John A. Papalas Drive (e)	Lincoln Park, MI		—		366		3,241		141			297		3,451		3,748		1,501		1998		(l	)
4872 S. Lapeer Road	Lake Orion Twsp, MI		—		1,342		5,441		1,307			1,412		6,678		8,090		1,841		1999		(l	)
22701 Trolley Industrial	Taylor, MI		—		795		—		7,326			849		7,272		8,121		2,145		1999		(l	)
1400 Allen Drive	Troy, MI		—		209		1,154		231			212		1,382		1,594		406		2000		(l	)
1408 Allen Drive	Troy, MI		—		151		834		133			153		965		1,118		302		2000		(l	)
1305 Stephenson Hwy	Troy, MI		—		345		1,907		255			350		2,157		2,507		595		2000		(l	)
32505 Industrial Drive	Madison Heights, MI		—		345		1,910		335			351		2,239		2,590		670		2000		(l	)
1799-1813 Northfield Drive (d)	Rochester Hills, MI		—		481		2,665		256			490		2,912		3,402		831		2000		(l	)
28435 Automation Blvd	Wixom, MI		—		621		—		3,742			628		3,735		4,363		711		2004		(l	)
32200 N Avis Drive	Madison Heights, MI		—		503		3,367		(1,325	)		195		2,350		2,545		684		2005		(l	)
100 Kay Industrial Drive	Rion Township, MI		—		677		2,018		273			685		2,283		2,968		633		2005		(l	)
32650 Capitol Avenue	Livonia, MI		—		282		1,128		(500	)		167		743		910		148		2005		(l	)
11800 Sears Drive	Livonia, MI		—		693		1,507		1,195			476		2,919		3,395		1,050		2005		(l	)
1099 Chicago Road	Troy, MI		—		1,277		1,332		(1,470	)		303		836		1,139		594		2005		(l	)
42555 Merrill Road	Sterling Heights, MI		—		1,080		2,300		3,487			1,090		5,777		6,867		1,294		2006		(l	)
200 Northpointe Drive	Orion Township, MI		—		723		2,063		36			734		2,088		2,822		561		2006		(l	)
Houston
2102-2314 Edwards Street	Houston, TX		—		348		1,973		1,937			382		3,876		4,258		1,141		1997		(l	)
3351 Rauch St	Houston, TX		—		272		1,541		553			278		2,088		2,366		656		1997		(l	)
3851 Yale St	Houston, TX		2,049		413		2,343		359			425		2,690		3,115		925		1997		(l	)
3337-3347 Rauch Street	Houston, TX		—		227		1,287		447			233		1,728		1,961		522		1997		(l	)
8505 N Loop East	Houston, TX		1,723		439		2,489		638			449		3,117		3,566		1,001		1997		(l	)
4749-4799 Eastpark Dr	Houston, TX		2,556		594		3,368		1,330			611		4,681		5,292		1,525		1997		(l	)
4851 Homestead Road	Houston, TX		3,212		491		2,782		1,367			504		4,136		4,640		1,280		1997		(l	)
3365-3385 Rauch Street	Houston, TX		1,707		284		1,611		699			290		2,304		2,594		781		1997		(l	)
5050 Campbell Road	Houston, TX		1,700		461		2,610		448			470		3,049		3,519		1,073		1997		(l	)
4300 Pine Timbers	Houston, TX		—		489		2,769		725			499		3,484		3,983		1,225		1997		(l	)
2500-2530 Fairway Park Drive	Houston, TX		3,427		766		4,342		1,985			792		6,301		7,093		1,859		1997		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
6550 Longpointe	Houston, TX		1,407		362		2,050		501			370		2,543		2,913		881		1997		(l	)
1815 Turning Basin Dr	Houston, TX		1,911		487		2,761		708			531		3,425		3,956		1,181		1997		(l	)
1819 Turning Basin Dr	Houston, TX		—		231		1,308		478			251		1,766		2,017		552		1997		(l	)
1805 Turning Basin Drive	Houston, TX		2,246		564		3,197		888			616		4,033		4,649		1,391		1997		(l	)
9835A Genard Road	Houston, TX		—		1,505		8,333		3,170			1,581		11,427		13,008		3,182		1999		(l	)
9835B Genard Road	Houston, TX		—		245		1,357		646			256		1,992		2,248		628		1999		(l	)
11505 State Highway 225	LaPorte City, TX		4,573		940		4,675		606			940		5,281		6,221		1,281		2005		(l	)
1500 E. Main Street	Houston, TX		—		201		1,328		(26	)		204		1,299		1,503		577		2005		(l	)
700 Industrial Blvd	Sugar Land, TX		3,471		608		3,679		336			617		4,006		4,623		764		2007		(l	)
7230-7238 Wynnwood	Houston, TX		—		254		764		90			259		849		1,108		270		2007		(l	)
7240-7248 Wynnwood	Houston, TX		—		271		726		61			276		782		1,058		257		2007		(l	)
7250-7260 Wynnwood	Houston, TX		—		200		481		35			203		513		716		155		2007		(l	)
7967 Blankenship	Houston, TX		—		307		1,166		220			307		1,386		1,693		180		2010		(l	)
8800 City Park Look East	Houston, TX		24,242		3,717		19,237		1			3,717		19,237		22,954		646		2013		(l	)
6400 Long Point	Houston, TX		—		188		898		(6	)		188		892		1,080		266		2007		(l	)
12705 S. Kirkwood, Ste 100-150	Stafford, TX		—		154		626		81			155		706		861		146		2007		(l	)
12705 S. Kirkwood, Ste 200-220	Stafford, TX		—		404		1,698		248			393		1,957		2,350		473		2007		(l	)
8850 Jameel	Houston, TX		—		171		826		84			171		910		1,081		252		2007		(l	)
8800 Jameel	Houston, TX		—		163		798		(142	)		124		695		819		172		2007		(l	)
8700 Jameel	Houston, TX		—		170		1,020		(109	)		120		961		1,081		288		2007		(l	)
8600 Jameel	Houston, TX		—		163		818		52			163		870		1,033		186		2007		(l	)
Indianapolis
2900 N Shadeland Avenue	Indianapolis, IN		—		2,057		13,565		3,478			2,057		17,043		19,100		6,687		1996		(l	)
1445 Brookville Way	Indianapolis, IN		—		459		2,603		992			476		3,578		4,054		1,257		1996		(l	)
1440 Brookville Way	Indianapolis, IN		—		665		3,770		894			685		4,644		5,329		1,929		1996		(l	)
1240 Brookville Way	Indianapolis, IN		—		247		1,402		335			258		1,726		1,984		684		1996		(l	)
1345 Brookville Way	Indianapolis, IN		—		586		3,321		686			601		3,992		4,593		1,565		1996		(l	)
1350 Brookville Way	Indianapolis, IN		—		205		1,161		340			212		1,494		1,706		612		1996		(l	)
1341 Sadlier Circle E Dr	Indianapolis, IN		—		131		743		215			136		953		1,089		370		1996		(l	)
1322-1438 Sadlier Circle E Dr	Indianapolis, IN		—		145		822		293			152		1,108		1,260		409		1996		(l	)
1327-1441 Sadlier Circle E Dr	Indianapolis, IN		—		218		1,234		459			225		1,686		1,911		569		1996		(l	)
1304 Sadlier Circle E Dr	Indianapolis, IN		—		71		405		188			75		589		664		214		1996		(l	)
1402 Sadlier Circle E Dr	Indianapolis, IN		—		165		934		369			171		1,297		1,468		479		1996		(l	)
1504 Sadlier Circle E Dr	Indianapolis, IN		—		219		1,238		(128	)		115		1,214		1,329		629		1996		(l	)
1365 Sadlier Circle E Dr	Indianapolis, IN		—		121		688		36			91		754		845		311		1996		(l	)
1352-1354 Sadlier Circle E Dr	Indianapolis, IN		—		178		1,008		243			166		1,263		1,429		505		1996		(l	)
1335 Sadlier Circle E Dr	Indianapolis, IN		—		81		460		310			85		766		851		363		1996		(l	)
1327 Sadlier Circle E Dr	Indianapolis, IN		—		52		295		24			33		338		371		147		1996		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
1425 Sadlier Circle E Dr	Indianapolis, IN		—		21		117		37			23		152		175		59		1996		(l	)
6951 E 30th St	Indianapolis, IN		—		256		1,449		194			265		1,634		1,899		631		1996		(l	)
6701 E 30th St	Indianapolis, IN		—		78		443		84			82		523		605		194		1996		(l	)
6737 E 30th St	Indianapolis, IN		1,839		385		2,181		189			398		2,357		2,755		927		1996		(l	)
6555 E 30th St	Indianapolis, IN		—		484		4,760		1,314			484		6,074		6,558		2,336		1996		(l	)
8402-8440 E 33rd St	Indianapolis, IN		—		222		1,260		578			230		1,830		2,060		702		1996		(l	)
8520-8630 E 33rd St	Indianapolis, IN		—		326		1,848		266			281		2,159		2,440		837		1996		(l	)
8710-8768 E 33rd St	Indianapolis, IN		—		175		993		473			180		1,461		1,641		558		1996		(l	)
3316-3346 N. Pagosa Court	Indianapolis, IN		—		325		1,842		438			332		2,273		2,605		827		1996		(l	)
7901 West 21st St.	Indianapolis, IN		—		1,048		6,027		164			1,048		6,191		7,239		2,270		1997		(l	)
1225 Brookville Way	Indianapolis, IN		—		60		—		465			68		457		525		193		1997		(l	)
6751 E 30th St	Indianapolis, IN		2,601		728		2,837		330			741		3,154		3,895		1,124		1997		(l	)
9200 East 146th Street	Noblesville, IN		—		181		1,221		1,011			181		2,232		2,413		692		1998		(l	)
6575 East 30th Street	Indianapolis, IN		1,835		118		—		2,088			128		2,078		2,206		716		1998		(l	)
6585 East 30th Street	Indianapolis, IN		2,743		196		—		3,100			196		3,100		3,296		1,017		1998		(l	)
9210 E. 146th Street	Noblesville, IN		—		66		684		168			54		864		918		281		1998		(l	)
5705-97 Park Plaza Ct.	Indianapolis, IN		—		600		2,194		517			609		2,702		3,311		764		2003		(l	)
9319-9341 Castlegate Drive	Indianapolis, IN		—		530		1,235		1,063			544		2,284		2,828		858		2003		(l	)
1133 Northwest L Street	Richmond, IN		745		201		1,358		(51	)		208		1,300		1,508		438		2006		(l	)
14425 Bergen Blvd	Noblesville, IN		—		647		—		3,861			743		3,765		4,508		680		2007		(l	)
Miami
4700 NW 15th Ave.	Ft. Lauderdale, FL		—		908		1,883		349			912		2,228		3,140		495		2007		(l	)
4710 NW 15th Ave.	Ft. Lauderdale, FL		—		830		2,722		386			834		3,104		3,938		596		2007		(l	)
4720 NW 15th Ave.	Ft. Lauderdale, FL		—		937		2,455		450			942		2,900		3,842		504		2007		(l	)
4740 NW 15th Ave.	Ft. Lauderdale, FL		—		1,107		3,111		350			1,112		3,456		4,568		604		2007		(l	)
4750 NW 15th Ave.	Ft. Lauderdale, FL		—		947		3,079		763			951		3,838		4,789		723		2007		(l	)
4800 NW 15th Ave.	Ft. Lauderdale, FL		—		1,092		3,308		138			1,097		3,441		4,538		626		2007		(l	)
Medley Industrial Center	Medley, FL		—		857		3,428		3,092			864		6,513		7,377		648		2007		(l	)
Pan American Business Park	Medley, FL		—		2,521		—		637			828		2,330		3,158		121		2008		(l	)
Milwaukee
N25 W23255 Paul Road	Pewaukee, WI		1,897		569		3,270		(311	)		414		3,114		3,528		1,429		1994		(l	)
6523 N Sydney Place	Glendale, WI		—		172		976		(16	)		80		1,052		1,132		538		1995		(l	)
5355 South Westridge Drive	New Berlin, WI		5,482		1,630		7,058		(305	)		1,646		6,737		8,383		1,158		2004		(l	)
320-334 W. Vogel Avenue	Milwaukee, WI		—		506		3,199		(168	)		508		3,029		3,537		1,055		2005		(l	)
4950 South 6th Avenue	Milwaukee, WI		—		299		1,565		94			301		1,657		1,958		600		2005		(l	)
1711 Paramount Court	Waukesha, WI		1,316		308		1,762		37			311		1,796		2,107		481		2005		(l	)
17005 W. Ryerson Road	New Berlin, WI		—		403		3,647		(15	)		405		3,630		4,035		1,027		2005		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
W140 N9059 Lilly Road	Menomonee Falls, WI		—		343		1,153		156			366		1,286		1,652		413		2005		(l	)
200 W. Vogel Avenue-Bldg B	Milwaukee, WI		—		301		2,150		—			302		2,149		2,451		759		2005		(l	)
4921 S. 2nd Street	Milwaukee, WI		—		101		713		(233	)		58		523		581		214		2005		(l	)
1500 Peebles Drive	Richland Center, WI		—		1,577		1,018		(289	)		1,528		778		2,306		601		2005		(l	)
16600 West Glendale Ave	New Berlin, WI		2,338		704		1,923		677			715		2,589		3,304		873		2006		(l	)
2905 S. 160th Street	New Berlin, WI		—		261		672		340			265		1,008		1,273		398		2007		(l	)
2855 S. 160th Street	New Berlin, WI		—		221		628		223			225		847		1,072		239		2007		(l	)
2485 Commerce Drive	New Berlin, WI		1,569		483		1,516		268			491		1,776		2,267		515		2007		(l	)
14518 Whittaker Way	Menomonee Falls, WI		—		437		1,082		359			445		1,433		1,878		484		2007		(l	)
Rust-Oleum BTS	Kenosha, WI		14,130		4,100		—		24,034			3,212		24,922		28,134		2,187		2008		(l	)
Menomonee Falls-Barry Land	Menomonee Falls, WI		11,031		1,188		—		16,949			1,204		16,933		18,137		1,388		2008		(l	)
Minneapolis/St. Paul
6201 West 111th Street	Bloomington, MN		4,218		1,358		8,622		5,684			1,499		14,165		15,664		8,945		1994		(l	)
7251-7267 Washington Avenue	Edina, MN		—		129		382		675			182		1,004		1,186		751		1994		(l	)
7301-7325 Washington Avenue	Edina, MN		—		174		391		(34	)		193		338		531		80		1994		(l	)
7101 Winnetka Avenue North	Brooklyn Park, MN		5,887		2,195		6,084		3,908			2,228		9,959		12,187		6,311		1994		(l	)
9901 West 74th Street	Eden Prairie, MN		3,408		621		3,289		3,145			639		6,416		7,055		4,926		1994		(l	)
1030 Lone Oak Road	Eagan, MN		2,614		456		2,703		618			456		3,321		3,777		1,351		1994		(l	)
1060 Lone Oak Road	Eagan, MN		3,385		624		3,700		565			624		4,265		4,889		1,767		1994		(l	)
5400 Nathan Lane	Plymouth, MN		2,962		749		4,461		921			757		5,374		6,131		2,307		1994		(l	)
6655 Wedgewood Road	Maple Grove, MN		7,052		1,466		8,342		3,305			1,466		11,647		13,113		4,487		1994		(l	)
10120 W 76th Street	Eden Prairie, MN		—		315		1,804		1,488			315		3,292		3,607		1,248		1995		(l	)
12155 Nicollet Ave.	Burnsville, MN		—		286		—		1,741			288		1,739		2,027		703		1995		(l	)
4100 Peavey Road	Chaska, MN		—		277		2,261		795			277		3,056		3,333		1,156		1996		(l	)
5205 Highway 169	Plymouth, MN		—		446		2,525		658			578		3,051		3,629		1,258		1996		(l	)
7100-7198 Shady Oak Road	Eden Prairie, MN		4,664		715		4,054		1,970			736		6,003		6,739		2,056		1996		(l	)
7500-7546 Washington Square	Eden Prairie, MN		—		229		1,300		766			235		2,060		2,295		702		1996		(l	)
7550-7586 Washington Square	Eden Prairie, MN		—		153		867		275			157		1,138		1,295		414		1996		(l	)
5240-5300 Valley Industrial Blvd S	Shakopee, MN		—		362		2,049		843			371		2,883		3,254		965		1996		(l	)
500-530 Kasota Avenue SE	Minneapolis, MN		—		415		2,354		1,042			434		3,377		3,811		1,137		1998		(l	)
2530-2570 Kasota Avenue	St. Paul, MN		-		407		2,308		829			441		3,103		3,544		978		1998		(l	)
5775 12th Avenue	Shakopee, MN		—		590		—		5,676			590		5,676		6,266		1,865		1998		(l	)
1157 Valley Park Drive	Shakopee, MN		—		760		—		6,544			888		6,416		7,304		2,025		1999		(l	)
9600 West 76th Street	Eden Prairie, MN		2,275		1,000		2,450		61			1,034		2,477		3,511		643		2004		(l	)
9700 West 76th Street	Eden Prairie, MN		3,253		1,000		2,709		526			1,038		3,197		4,235		810		2004		(l	)
7600 69th Avenue	Greenfield, MN		—		1,500		8,328		1,387			1,510		9,705		11,215		2,559		2004		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
5017 Boone Avenue North	New Hope, MN		2,068		1,000		1,599		(15	)		1,009		1,575		2,584		571		2005		(l	)
2300 West Highway 13	Burnsville, MN		—		2,517		6,069		(3,331	)		1,296		3,959		5,255		2,528		2005		(l	)
1087 Park Place	Shakopee, MN		—		1,195		4,891		(613	)		1,198		4,275		5,473		765		2005		(l	)
5391 12th Avenue SE	Shakopee, MN		4,742		1,392		8,149		(342	)		1,395		7,804		9,199		1,433		2005		(l	)
4701 Valley Industrial Blvd S	Shakopee, MN		—		1,296		7,157		598			1,299		7,752		9,051		2,481		2005		(l	)
316 Lake Hazeltine Drive	Chaska, MN		—		714		944		(111	)		729		818		1,547		232		2006		(l	)
6455 City West Parkway	Eden Prairie, MN		—		659		3,189		(407	)		665		2,776		3,441		562		2006		(l	)
1225 Highway 169 North	Plymouth, MN		—		1,190		1,979		112			1,207		2,074		3,281		581		2006		(l	)
7102 Winnetka Avene North	Brooklyn Park, MN		4,316		1,275		—		6,469			1,343		6,401		7,744		719		2007		(l	)
139 Eva Street	St. Paul, MN		—		2,132		3,105		90			2,175		3,152		5,327		503		2008		(l	)
21900 Dodd Boulevard	Lakeville, MN		9,766		2,289		7,952		(1	)		2,289		7,952		10,241		602		2009		(l	)
Nashville
1621 Heil Quaker Boulevard	Nashville, TN		2,377		413		2,383		1,845			430		4,211		4,641		2,066		1995		(l	)
3099 Barry Drive	Portland, TN		—		418		2,368		(689	)		248		1,849		2,097		912		1996		(l	)
3150 Barry Drive	Portland, TN		—		941		5,333		5,964			981		11,257		12,238		2,685		1996		(l	)
5599 Highway 31 West	Portland, TN		—		564		3,196		(1,577	)		187		1,996		2,183		1,183		1996		(l	)
1931 Air Lane Drive	Nashville, TN		2,452		489		2,785		269			493		3,050		3,543		1,065		1997		(l	)
4640 Cummings Park	Nashville, TN		—		360		2,040		632			365		2,667		3,032		764		1999		(l	)
1740 River Hills Drive	Nashville, TN		2,945		848		4,383		467			888		4,810		5,698		1,445		2005		(l	)
211 Ellery Court	Nashville, TN		3,115		606		3,192		433			616		3,615		4,231		798		2007		(l	)
Rockdale BTS	Gallatin, TN		17,389		1,778		—		24,267			1,778		24,267		26,045		1,992		2008		(l	)
Northern New Jersey
14 World’s Fair Drive	Franklin, NJ		—		483		2,735		602			503		3,317		3,820		1,165		1997		(l	)
12 World’s Fair Drive	Franklin, NJ		—		572		3,240		1,120			593		4,339		4,932		1,470		1997		(l	)
22 World’s Fair Drive	Franklin, NJ		—		364		2,064		639			375		2,692		3,067		1,022		1997		(l	)
26 World’s Fair Drive	Franklin, NJ		—		361		2,048		623			377		2,655		3,032		951		1997		(l	)
24 World’s Fair Drive	Franklin, NJ		—		347		1,968		486			362		2,439		2,801		940		1997		(l	)
20 World’s Fair Drive Lot 13	Sumerset, NJ		—		9		—		2,554			691		1,872		2,563		493		1999		(l	)
45 Route 46	Pine Brook, NJ		—		969		5,491		965			978		6,447		7,425		1,916		2000		(l	)
43 Route 46	Pine Brook, NJ		—		474		2,686		420			479		3,101		3,580		822		2000		(l	)
39 Route 46	Pine Brook, NJ		—		260		1,471		190			262		1,659		1,921		475		2000		(l	)
26 Chapin Road	Pine Brook, NJ		4,891		956		5,415		769			965		6,175		7,140		1,785		2000		(l	)
30 Chapin Road	Pine Brook, NJ		4,689		960		5,440		444			969		5,875		6,844		1,592		2000		(l	)
20 Hook Mountain Road	Pine Brook, NJ		—		1,507		8,542		2,920			1,534		11,435		12,969		3,479		2000		(l	)
30 Hook Mountain Road	Pine Brook, NJ		—		389		2,206		518			396		2,717		3,113		692		2000		(l	)
55 Route 46	Pine Brook, NJ		—		396		2,244		(403	)		314		1,923		2,237		560		2000		(l	)
16 Chapin Rod	Pine Brook, NJ		3,664		885		5,015		529			901		5,528		6,429		1,457		2000		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
20 Chapin Road	Pine Brook, NJ		4,688		1,134		6,426		665			1,154		7,071		8,225		1,997		2000		(l	)
Sayreville Lot 4	Sayreville, NJ		3,515		944		—		4,598			944		4,598		5,542		1,108		2002		(l	)
Sayreville Lot 3	Sayreville, NJ		—		996		—		5,392			996		5,392		6,388		1,010		2003		(l	)
309-319 Pierce Street	Somerset, NJ		3,738		1,300		4,628		689			1,309		5,308		6,617		1,276		2004		(l	)
Philadelphia
230-240 Welsh Pool Road	Exton, PA		—		154		851		374			170		1,209		1,379		315		1998		(l	)
264 Welsh Pool Road	Exton, PA		—		147		811		306			162		1,102		1,264		348		1998		(l	)
254 Welsh Pool Road	Exton, PA		—		75		418		213			91		616		707		210		1998		(l	)
251 Welsh Pool Road	Exton, PA		—		144		796		467			159		1,248		1,407		366		1998		(l	)
151-161 Philips Road	Exton, PA		—		191		1,059		306			229		1,327		1,556		411		1998		(l	)
216 Philips Road	Exton, PA		—		199		1,100		485			220		1,564		1,784		408		1998		(l	)
14 McFadden Road	Palmer, PA		1,652		600		1,349		56			625		1,380		2,005		583		2004		(l	)
2801 Red Lion Road	Philadelphia, PA		—		950		5,916		628			964		6,530		7,494		1,616		2005		(l	)
3240 S. 78th Street	Philadelphia, PA		—		515		1,245		(256	)		423		1,081		1,504		375		2005		(l	)
200 Cascade Drive, Bldg. 1	Allen Town, PA		18,820		2,133		17,562		893			2,769		17,819		20,588		4,084		2007		(l	)
200 Cascade Drive, Bldg. 2	Allen Town, PA		2,487		310		2,268		190			316		2,452		2,768		417		2007		(l	)
6300 Bristol Pike	Levittown, PA		—		1,074		2,642		(107	)		964		2,645		3,609		839		2008		(l	)
2455 Boulevard of Generals	Norristown, PA		3,592		1,200		4,800		1,088			1,226		5,862		7,088		1,205		2008		(l	)
Phoenix
1045 South Edward Drive	Tempe, AZ		—		390		2,160		164			396		2,318		2,714		719		1999		(l	)
50 South 56th Street	Chandler, AZ		—		1,206		3,218		360			1,252		3,532		4,784		850		2004		(l	)
4701 W. Jefferson	Phoenix, AZ		2,650		926		2,195		443			929		2,635		3,564		978		2005		(l	)
7102 W. Roosevelt	Phoenix, AZ		—		1,613		6,451		1,136			1,620		7,580		9,200		2,063		2006		(l	)
4137 West Adams Street	Phoenix, AZ		—		990		2,661		255			1,038		2,868		3,906		626		2006		(l	)
245 W. Lodge	Tempe, AZ		—		898		3,066		(1,891	)		362		1,711		2,073		451		2007		(l	)
1590 E Riverview Dr.	Phoenix, AZ		—		1,293		5,950		396			1,292		6,347		7,639		723		2008		(l	)
14131 N. Rio Vista Dr.	Peoria, AZ		—		2,563		9,388		1,798			2,563		11,186		13,749		1,936		2008		(l	)
8716 W. Ludlow Drive	Peoria, AZ		—		2,709		10,970		1,236			2,709		12,206		14,915		1,547		2008		(l	)
3815 W. Washington St.	Phoenix, AZ		3,975		1,675		4,514		149			1,719		4,619		6,338		522		2008		(l	)
690 91st Avenue	Tolleson, AZ		7,497		1,904		6,805		2,646			1,923		9,432		11,355		1,503		2008		(l	)
Salt Lake City
512 Lawndale Drive (i)	Salt Lake City, UT		—		2,688		15,643		3,343			2,688		18,986		21,674		6,579		1997		(l	)
1270 West 2320 South	West Valley, UT		—		138		784		256			143		1,035		1,178		384		1998		(l	)
1275 West 2240 South	West Valley, UT		—		395		2,241		331			408		2,559		2,967		867		1998		(l	)
1288 West 2240 South	West Valley, UT		—		119		672		111			123		779		902		266		1998		(l	)
2235 South 1300 West	West Valley, UT		—		198		1,120		249			204		1,363		1,567		421		1998		(l	)
1293 West 2200 South	West Valley, UT		—		158		896		118			163		1,009		1,172		335		1998		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
1279 West 2200 South	West Valley, UT		—		198		1,120		296			204		1,410		1,614		485		1998		(l	)
1272 West 2240 South	West Valley, UT		—		336		1,905		387			347		2,281		2,628		741		1998		(l	)
1149 West 2240 South	West Valley, UT		—		217		1,232		158			225		1,382		1,607		455		1998		(l	)
1142 West 2320 South	West Valley, UT		—		217		1,232		73			225		1,297		1,522		449		1998		(l	)
1152 West 2240 South	West Valley, UT		—		1,652		—		2,576			669		3,559		4,228		1,100		2000		(l	)
2323 South 900 W	Salt Lake City, UT		—		886		2,995		218			898		3,201		4,099		1,254		2006		(l	)
1815-1957 South 4650 West	Salt Lake City, UT		7,285		1,707		10,873		273			1,713		11,140		12,853		2,043		2006		(l	)
2100 Alexander Street	West Valley, UT		1,152		376		1,670		(21	)		376		1,649		2,025		266		2007		(l	)
2064 Alexander Street	West Valley, UT		2,125		864		2,771		129			869		2,895		3,764		580		2007		(l	)
Seattle
1901 Raymond Ave SW	Renton, WA		1,833		4,458		2,659		633			4,594		3,156		7,750		473		2008		(l	)
19014 64th Avenue South	Kent, WA		3,179		1,990		3,979		258			2,042		4,186		6,228		707		2008		(l	)
18640 68th Ave. South	Kent, WA		732		1,218		1,950		348			1,258		2,258		3,516		407		2008		(l	)
Puget Sound Terminal 7	Seattle, WA		—		9,139		5,881		1,069			9,340		6,748		16,088		393		2008		(l	)
Southern California
100 West Sinclair	Riverside, CA		—		4,894		3,481		(4,561	)		1,819		1,995		3,814		872		2007		(l	)
14050 Day Street	Moreno Valley, CA		3,582		2,538		2,538		291			2,565		2,801		5,366		445		2008		(l	)
12925 Marlay Avenue	Fontana, CA		9,869		6,072		7,891		711			6,090		8,584		14,674		1,707		2008		(l	)
1944 Vista Bella Way	Rancho Domingue, CA		—		1,746		3,148		730			1,822		3,802		5,624		1,072		2005		(l	)
2000 Vista Bella Way	Rancho Domingue, CA		1,414		817		1,673		301			853		1,938		2,791		488		2005		(l	)
2835 East Ana Street	Rancho Domingue, CA		3,015		1,682		2,750		(227	)		1,772		2,433		4,205		602		2005		(l	)
665 N. Baldwin Park Blvd.	City of Industry, CA		4,585		2,124		5,219		1,587			2,143		6,787		8,930		1,451		2006		(l	)
27801 Avenue Scott	Santa Clarita, CA		—		2,890		7,020		599			2,902		7,607		10,509		1,503		2006		(l	)
2610 & 2660 Columbia St	Torrance, CA		4,715		3,008		5,826		181			3,031		5,984		9,015		1,231		2006		(l	)
433 Alaska Avenue	Torrance, CA		—		681		168		13			684		178		862		66		2006		(l	)
4020 S. Compton Ave	Los Angeles, CA		—		3,800		7,330		71			3,825		7,376		11,201		1,195		2006		(l	)
21730-21748 Marilla St.	Chatsworth, CA		3,154		2,585		3,210		192			2,608		3,379		5,987		718		2007		(l	)
8015 Paramount	Pico Rivera, CA		—		3,616		3,902		61			3,657		3,922		7,579		855		2007		(l	)
3365 E. Slauson	Vernon, CA		—		2,367		3,243		40			2,396		3,254		5,650		748		2007		(l	)
3015 East Ana	Rancho Domingue, CA		—		19,678		9,321		7,490			20,144		16,345		36,489		3,110		2007		(l	)
19067 Reyes Ave	Rancho Domingue, CA		—		9,281		3,920		202			9,381		4,022		13,403		1,057		2007		(l	)
1250 Rancho Conejo Blvd.	Thousand Oaks, CA		—		1,435		779		98			1,441		871		2,312		215		2007		(l	)
1260 Rancho Conejo Blvd.	Thousand Oaks, CA		—		1,353		722		(860	)		675		540		1,215		166		2007		(l	)
1270 Rancho Conejo Blvd.	Thousand Oaks, CA		—		1,224		716		(20	)		1,229		691		1,920		164		2007		(l	)
1280 Rancho Conejo Blvd.	Thousand Oaks, CA		3,062		2,043		3,408		(266	)		2,051		3,134		5,185		399		2007		(l	)
1290 Rancho Conejo Blvd	Thousand Oaks, CA		2,639		1,754		2,949		(230	)		1,761		2,712		4,473		349		2007		(l	)
18201-18291 Santa Fe	Rancho Domingue, CA		10,461		6,720		—		8,949			6,897		8,772		15,669		892		2008		(l	)

									(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
					(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																		Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location		(a)											Building and
Building Address	(City/State)		Encumbrances		Land		Buildings					Land		Improvements		Total
			(Dollars in thousands)
1011 Rancho Conejo		Thousand Oaks, CA		5,784		7,717		2,518		(186	)		7,752		2,296		10,048		556		2008		(l	)
2300 Corporate Center Drive		Thousand Oaks, CA		—		6,506		4,885		(5,725	)		3,236		2,430		5,666		541		2008		(l	)
20700 Denker Avenue		Rancho Domingue, CA		5,614		5,767		2,538		1,456			5,964		3,798		9,762		864		2008		(l	)
18408 Laurel Park Road		Rancho Domingue, CA		—		2,850		2,850		643			2,874		3,469		6,343		470		2008		(l	)
19021 S. Reyes Ave.		Rancho Domingue, CA		—		8,183		7,501		733			8,545		7,872		16,417		821		2008		(l	)
16275 Technology Drive		San Diego, CA		—		2,848		8,641		(198	)		2,859		8,432		11,291		1,660		2005		(l	)
6305 El Camino Real		Carlsbad, CA		—		1,590		6,360		7,563			1,590		13,923		15,513		2,073		2006		(l	)
2325 Camino Vida Roble		Carlsbad, CA		2,026		1,441		1,239		464			1,446		1,698		3,144		353		2006		(l	)
2335 Camino Vida Roble		Carlsbad, CA		1,126		817		762		133			821		891		1,712		232		2006		(l	)
2345 Camino Vida Roble		Carlsbad, CA		795		562		456		87			565		540		1,105		157		2006		(l	)
2355 Camino Vida Roble		Carlsbad, CA		582		481		365		57			483		420		903		120		2006		(l	)
2365 Camino Vida Roble		Carlsbad, CA		1,226		1,098		630		3			1,102		629		1,731		199		2006		(l	)
2375 Camino Vida Roble		Carlsbad, CA		1,531		1,210		874		199			1,214		1,069		2,283		317		2006		(l	)
6451 El Camino Real		Carlsbad, CA		—		2,885		1,931		507			2,895		2,428		5,323		573		2006		(l	)
8572 Spectrum Lane		San Diego, CA		2,261		806		3,225		429			807		3,653		4,460		556		2007		(l	)
13100 Gregg Street		Poway, CA		—		1,040		4,160		474			1,073		4,601		5,674		948		2007		(l	)
Southern New Jersey
8 Springdale Road		Cherry Hill, NJ		—		258		1,436		782			258		2,218		2,476		764		1998		(l	)
111 Whittendale Drive		Morrestown, NJ		1,841		522		2,916		195			522		3,111		3,633		891		2000		(l	)
7851 Airport Highway		Pennsauken, NJ		—		160		508		381			162		887		1,049		194		2003		(l	)
103 Central		Mt. Laurel, NJ		—		610		1,847		1,027			619		2,865		3,484		710		2003		(l	)
7890 Airport Hwy/7015 Central		Pennsauken, NJ		1,295		300		989		511			425		1,375		1,800		619		2006		(l	)
600 Creek Road		Delanco, NJ		—		2,125		6,504		(1,905	)		1,557		5,167		6,724		2,045		2007		(l	)
1070 Thomas Busch Mem Hwy		Pennsauken, NJ		2,685		1,054		2,278		84			1,084		2,332		3,416		502		2007		(l	)
St. Louis
8921-8971 Fost Avenue		Hazelwood, MO		—		431		2,479		888			431		3,367		3,798		1,284		1994		(l	)
9043-9083 Frost Avenue		Hazelwood, MO		—		319		1,838		2,243			319		4,081		4,400		1,181		1994		(l	)
10431-10449 Midwest Industrial Blvd		Olivette, MO		1,335		237		1,360		403			237		1,763		2,000		720		1994		(l	)
10751 Midwest Industrial Boulevard		Olivette, MO		—		193		1,119		259			194		1,377		1,571		526		1994		(l	)
6951 N Hanley (d)		Hazelwood, MO		—		405		2,295		2,001			419		4,282		4,701		1,416		1996		(l	)
1067 Warson-Bldg A		St. Louis, MO		—		246		1,359		881			251		2,235		2,486		524		2002		(l	)
1067 Warson-Bldg B		St. Louis, MO		—		380		2,103		1,889			388		3,984		4,372		993		2002		(l	)
1067 Warson-Bldg C		St. Louis, MO		—		303		1,680		1,476			310		3,149		3,459		839		2002		(l	)
1067 Warson-Bldg D		St. Louis, MO		—		353		1,952		1,024			360		2,969		3,329		916		2002		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																	Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed		Depreciable Lives (Years)
	Location	(a)											Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land		Improvements		Total
		(Dollars in thousands)
6821-6857 Hazelwood Avenue	Berkeley, MO		4,836		985		6,205		678			985		6,883		7,868		1,755		2003		(l	)
13701 Rider Trail North	Earth City, MO		—		800		2,099		714			804		2,809		3,613		720		2003		(l	)
1908-2000 Innerbelt (d)	Overland, MO		7,980		1,590		9,026		966			1,591		9,991		11,582		2,878		2004		(l	)
9060 Latty Avenue	Berkeley, MO		—		687		1,947		(223	)		694		1,717		2,411		1,070		2006		(l	)
21-25 Gateway Commerce Center	Edwardsville, IL		23,091		1,874		31,958		191			1,928		32,095		34,023		4,883		2006		(l	)
6647 Romiss Court	St. Louis, MO		—		230		681		72			241		742		983		193		2008		(l	)
Tampa
5313 Johns Road	Tampa, FL		—		204		1,159		178			257		1,284		1,541		443		1997		(l	)
5525 Johns Road	Tampa, FL		—		192		1,086		424			200		1,502		1,702		635		1997		(l	)
5709 Johns Road	Tampa, FL		—		192		1,086		163			200		1,241		1,441		444		1997		(l	)
5711 Johns Road	Tampa, FL		—		243		1,376		176			255		1,540		1,795		560		1997		(l	)
5453 W Waters Avenue	Tampa, FL		—		71		402		134			82		525		607		182		1997		(l	)
5455 W Waters Avenue	Tampa, FL		—		307		1,742		806			326		2,529		2,855		822		1997		(l	)
5553 W Waters Avenue	Tampa, FL		—		307		1,742		447			326		2,170		2,496		784		1997		(l	)
5501 W Waters Avenue	Tampa, FL		—		215		871		301			242		1,145		1,387		397		1997		(l	)
5503 W Waters Avenue	Tampa, FL		—		98		402		289			110		679		789		241		1997		(l	)
5555 W Waters Avenue	Tampa, FL		—		213		1,206		237			221		1,435		1,656		546		1997		(l	)
5557 W Waters Avenue	Tampa, FL		—		59		335		44			62		376		438		130		1997		(l	)
5463 W Waters Avenue	Tampa, FL		—		497		2,751		667			560		3,355		3,915		1,163		1998		(l	)
5461 W Waters	Tampa, FL		—		261		—		1,567			265		1,563		1,828		585		1998		(l	)
5481 W. Waters Avenue	Tampa, FL		—		558		—		2,497			561		2,494		3,055		778		1999		(l	)
4515-4519 George Road	Tampa, FL		2,528		633		3,587		767			640		4,347		4,987		1,162		2001		(l	)
6089 Johns Road	Tampa, FL		910		180		987		122			186		1,103		1,289		306		2004		(l	)
6091 Johns Road	Tampa, FL		676		140		730		98			144		824		968		247		2004		(l	)
6103 Johns Road	Tampa, FL		1,108		220		1,160		146			226		1,300		1,526		389		2004		(l	)
6201 Johns Road	Tampa, FL		1,029		200		1,107		168			205		1,270		1,475		393		2004		(l	)
6203 Johns Road	Tampa, FL		1,286		300		1,460		116			311		1,565		1,876		569		2004		(l	)
6205 Johns Road	Tampa, FL		1,280		270		1,363		120			278		1,475		1,753		333		2004		(l	)
6101 Johns Road	Tampa, FL		805		210		833		127			216		954		1,170		348		2004		(l	)
4908 Tampa West Blvd	Tampa, FL		—		2,622		8,643		(820	)		2,635		7,810		10,445		1,821		2005		(l	)
7201-7245 Bryan Dairy Road (d)	Largo, FL		—		1,895		5,408		(1,434	)		1,365		4,504		5,869		878		2006		(l	)
11701 Belcher Road South	Largo, FL		—		1,657		2,768		(1,516	)		852		2,057		2,909		624		2006		(l	)
4900-4914 Creekside Drive (h)	Clearwater, FL		—		3,702		7,338		(3,046	)		2,221		5,773		7,994		1,913		2006		(l	)
12345 Starkey Road	Largo, FL		—		898		2,078		(462	)		599		1,915		2,514		594		2006		(l	)
Toronto
114 Packham Rd	Stratford, ON		—		1,000		3,526		527			1,012		4,041		5,053		1,624		2007		(l	)

								(c) Costs Capitalized Subsequent to Acquisition or Completion and Valuation Provision
				(b) Initial Cost							Gross Amount Carried At Close of Period 12/31/11
																			Accumulated Depreciation 12/31/2011		Year Acquired/ Constructed			Depreciable Lives (Years)
	Location	(a)												Building and
Building Address	(City/State)	Encumbrances		Land		Buildings					Land			Improvements			Total
		(Dollars in thousands)
Other
5050 Kendrick Court	Grand Rapids, MI		—		1,721		11,433		(2,219	)		988			9,947			10,935		6,764		1994			(l	)
2250 Delaware Ave.	Des Moines, IA		—		277		1,609		(63	)		173			1,650			1,823		711		1998			(l	)
9601A Dessau Road	Austin, TX		1,209		255		—		1,782			366			1,671			2,037		505		1999			(l	)
9601C Dessau Road	Austin, TX		1,443		248		—		2,185			355			2,078			2,433		997		1999			(l	)
9601B Dessau Road	Austin, TX		1,246		248		—		1,852			355			1,745			2,100		588		2000			(l	)
6266 Hurt Road	Horn Lake, MS		—		427		—		4,013			387			4,053			4,440		614		2004			(l	)
6301 Hazeltine National Drive	Orlando, FL		3,959		909		4,613		286			920			4,888			5,808		1,327		2005			(l	)
12626 Silicon Drive	San Antonio, TX		3,132		768		3,448		158			779			3,595			4,374		1,084		2005			(l	)
3100 Pinson Valley Parkway	Birmingham, AL		—		303		742		(215	)		225			605			830		206		2005			(l	)
10330 I Street	Omaha, NE		—		1,808		8,340		(1,457	)		1,619			7,072			8,691		2,147		2006			(l	)
3200 Pond Station	Jefferson County, KY		—		2,074		—		9,681			2,120			9,635			11,755		1,136		2007			(l	)
Ozburn Hessey Logistics	Winchester, VA		8,036		2,320		—		10,855			2,401			10,774			13,175		1,228		2007			(l	)
Pure Fishing BTS	Kansas City, MO		11,856		4,152		—		13,605			4,228			13,529			17,757		1,088		2008			(l	)
3730 Wheeler Avenue	Fort Smith, AR		—		720		2,800		(561	)		589			2,370			2,959		554		2006			(l	)
600 Greene Drive	Greenville, KY		—		294		8,570		3			296			8,571			8,867		2,924		2008			(l	)
Redevelopments / Developements / Developable Land
Redevelopments / Developments / Developable Land (j)			—		132,787		1,154		(954	)(m)		118,854			14,133			132,987		1,221
Total		$	689,895	$	687,614	$	1,799,497	$	600,160		$	654,951	(k)	$	2,432,314	(k)	$	3,087,265	$	695,931		(k	)

NOTES:

(a) See description of encumbrances in Note 6 to Notes to Consolidated Financial Statements.

(b) Initial cost for each respective property is tangible purchase price allocated in accordance with FASB’s guidance on business combinations.

(c) Improvements are net of write-off of fully depreciated assets and impairment of real estate.

(d) Comprised of two properties.

(e) Comprised of three properties.

(f) Comprised of four properties.

(g) Comprised of five properties.

(h) Comprised of eight properties.

(i) Comprised of 27 properties.

(j) These properties represent developable land and redevelopments that have not been placed in service and land parcels for which we receive ground lease income.

(k)

	Amounts Included in Real Estate Held for Sale			Amounts Within Net Investment in Real Estate			Gross Amount Carried At Close of Period December 31, 2011
Land	$	16,880		$	638,071		$	654,951
Buildings & Improvements		106,069			2,326,245			2,432,314
Accumulated Depreciation		(37,202	)		(658,729	)		(695,931	)
Subtotal		85,747			2,305,587			2,391,334
Construction in Progress		5			27,780			27,785
Net Investment in Real Estate		85,752			2,333,367			2,419,119
Leasing Commissions, Net, Deferred Leasing Intangibles, Net and Deferred Rent Receivable, Net		5,907
Total at December 31, 2011	$	91,659

(l) Depreciation is computed based upon the following estimated lives:

Buildings and Improvements and Land Improvements	3 to 50 years
Tenant Improvements, Leasehold Improvements	Life of lease

(m) Includes foreign currency translation adjustments.

At December 31, 2011, the aggregate cost of land and buildings and equipment for federal income tax purpose was approximately $3.1 billion (excluding construction in progress).

The changes in total real estate assets, including real estate held for sale, for the three years ended December 31, 2011 are as follows:

	2011			2010			2009
	(Dollars in thousands)
Balance, Beginning of Year	$	3,140,649		$	3,351,626		$	3,406,729
Acquisition of Real Estate Assets		22,953			17,595			208
Construction Costs and Improvements		72,822			49,881			54,650
Disposition of Real Estate Assets		(91,312	)		(50,929	)		(73,015	)
Impairment of Real Estate		2,661			(194,552	)		(6,934	)
Write-off of Fully Depreciated Assets		(32,723	)		(32,972	)		(30,012	)
Balance, End of Year	$	3,115,050		$	3,140,649		$	3,351,626

The changes in accumulated depreciation, including accumulated depreciation for real estate held for sale, for the three years ended December 31, 2011 are as follows:

	2011			2010			2009
Balance, Beginning of Year	$	663,310		$	597,461		$	524,865
Depreciation for Year		95,931			104,175			112,241
Disposition of Assets		(30,587	)		(5,354	)		(9,633	)
Write-off of Fully Depreciated Assets		(32,723	)		(32,972	)		(30,012	)
Balance, End of Year	$	695,931		$	663,310		$	597,461

XML

Investment in Real Estate (Details 3) (Fair Value, Measurements, Nonrecurring [Member], USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Long-lived Assets Held for Sale	$ 52,057	$ 288,369
Long-lived Assets Held and Used	22,090	3,905
Long-lived Assets Held for Sale	(6,121)	(193,226)
Long-lived Assets Held and Used	(896)	(1,326)
Long-lived Assets impairment	(7,017)	(194,552)
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Long-lived Assets Held for Sale	0	0
Long-lived Assets Held and Used	0	0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Long-lived Assets Held for Sale	0	0
Long-lived Assets Held and Used	0	0
Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Long-lived Assets Held for Sale	52,057	288,369
Long-lived Assets Held and Used	$ 22,090	$ 3,905

XML

Basis of Presentation (Details Textual)	Dec. 31, 2011	Dec. 31, 2010
Basis of Presentation (Textual) [Abstract]
Common ownership interest	94.30%	92.80%
Noncontrolling interest represents the aggregate partnership interest in the Operating Partnership held by the limited partners	5.70%	7.20%

XML

Restructuring Costs (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Pre-tax restructuring costs:
Employee severance and benefits		$ 525	$ 5,186
Termination of certain office leases	1,200	647	1,867
Other	353	686	753
Total restructuring costs	1,553	1,858	7,806
Included in Accounts Payable, Accrued Expenses and Other Liabilities, Net related to severance Obligations, remaining lease payments and other costs incurred but not yet paid	1,959	1,574	2,884
Summarization of Restructuring Costs Details (Textual) [Abstract]
Non cash costs representing accelerated recognition of restricted stock expense	$ 0	$ 156	$ 2,931

XML

Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2011

Stock-based Compensation [Abstract]

Stock option transactions

	Options			Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding at December 31, 2010		98,701		$	32.34	$	—
Expired or Terminated		(73,500	)	$	32.61
Outstanding at December 31, 2011		25,201		$	31.57	$	—

Outstanding and exercisable options

	Number Outstanding and Exercisable	Remaining Contractual  Life		Exercise Price
January 2002 Grants	15,201		0.04	$	30.53
May 2002 Grants	10,000		0.37	$	33.15

Summary of restricted stock award and restricted stock unit award transactions

	Awards			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2010		1,674,892		$	7.26
Issued		292,339		$	11.11
Forfeited		(51,024	)	$	11.59
Vested		(510,926	)	$	9.74
Outstanding at December 31, 2011		1,405,281		$	7.00

Fair value of the performance awards I and the performance awards II at issuance

	Performance Awards I			Performance Awards II
Expected dividend yield		0.0	%		0.0	%
Expected stock volatility		57.18% to 119.55	%		76.29% to 162.92	%
Risk-free interest rate		0.40% to 1.84	%		0.43% to 2.38	%
Expected life (years)		1-4			1-4
Grant Date Fair value	$	4.49		$	2.94

XML

Investments in Joint Ventures (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Condensed combined balance sheets
Gross Real Estate Investment			$ 41,258
Less: Accumulated Depreciation	(658,729)	(509,634)
Net Investment in Real Estate	2,333,367	2,109,133
Total Assets	2,666,657	2,750,054
Debt	1,483,803
Total Liabilities and Equity	2,666,657	2,750,054
Carrying Value of the Company's investments in Joint Ventures	1,674	2,451
Corporate Joint Venture [Member]
Condensed combined balance sheets
Gross Real Estate Investment	155,555	210,567
Less: Accumulated Depreciation	(41,342)	(47,286)
Net Investment in Real Estate	114,213	163,281
Other Assets	23,364	33,351
Total Assets	137,577	196,632
Debt	112,261	157,431
Other Liabilities	5,779	10,849
Equity	19,537	28,352
Total Liabilities and Equity	137,577	196,632
Company's share of Equity	3,029	4,344
Basis Differentials	(1,564)	(2,089)
Carrying Value of the Company's investments in Joint Ventures	$ 1,465	$ 2,255

XML

Earnings Per Share (EPS) (Details 1) (Non Participating Securities [Member]) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Restricted Unit Awards [Member]
Awards were anti-dilutive and could be dilutive in future periods
Number of Awards Outstanding to Non Participation Securities	731,900	1,012,800	1,218,800
Options [Member]
Awards were anti-dilutive and could be dilutive in future periods
Number of Awards Outstanding to Non Participation Securities	25,201	98,701	139,700

XML

Indebtedness (Details Textual) (USD $) In Thousands, unless otherwise specified	1 Months Ended		12 Months Ended					12 Months Ended							1 Months Ended
	Dec. 31, 2010	Apr. 30, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Sep. 20, 2011 sqft	Sep. 15, 2011	Dec. 31, 2011 Mortgage Financing I - VIII [Member]	Dec. 31, 2011 Mortgage Financing X [Member]	Dec. 31, 2011 Senior unsecured notes [Member]	Dec. 31, 2010 Senior unsecured notes [Member]	Dec. 31, 2011 Unsecured Credit Facility [Member]	Dec. 31, 2010 Unsecured Credit Facility [Member]	Oct. 22, 2010 Unsecured Credit Facility [Member] Revolving Line of Credit [Member]	Jun. 30, 2011 Unsecured Credit Facility [Member] Term Loan [Member]	Oct. 22, 2010 Unsecured Credit Facility [Member] Term Loan [Member]
Indebtedness (Textual) [Abstract]
Percentage of outstanding balance for calculating prepayment premium								1.00%
Prohibition period for principal prepayments of mortgage financings after loan origination								12 months	3 months
Loss on Early Retirement of Debt			$ (5,459)	$ (4,304)	$ 34,562					$ (2,012)	$ (4,096)
Principal amount of senior notes repurchased										112,757	264,796
Unamortized debt issue discount										135	1,707
Permanent repayment on term loan for unsecured credit facility			234,307	259,018	336,196										100,000
Amount of Unsecured Revolving Credit Agreement replacing Old Credit Facility			450,000											200,000		200,000
Loss recognized on retirement of debt			147										191
Unamortized deferred financing cost, wrote off	1,172
Unsecured credit facility maturity date								Jun. 01, 2018	Oct. 01, 2021			Sep. 28, 2012
Weighted average interest rate												2.385%
Increase in borrowing capacity under Unsecured Credit Facility												500,000
Additional Indebtedness (Textual) [Abstract]
Mortgage loan payable on real estate held for sale	1,008			1,008
Unamortized premiums	48			48
Carrying value of industrial properties held under mortgage and other loan			889,722
Letter of credit, amount			537
Purchase price senior unsecured notes			110,667	265,858
Unamortized loan commitment and origination fee and unamortized discounts or premium			717	519
Unamortized settlement amount of interest rate protection agreements			3,250	(183)
Professional service fee			0	991
Basis point in addition to LIBOR Interest rate under Unsecured Credit Facility			2.10%
Amount of exchangeable notes at maturity							128,900
Area of property transferred						400,000
Escrow balance						1,845
Non-recourse mortgage loan						5,040
Amount of secured mortgage debt, prepaid and retired	12,970	1,654
Prepayment fees (secured mortgage debt)		$ 17

XML

Investment in Real Estate (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 M	Dec. 31, 2010 M
In-Place Leases [Member]
Summary of intangible assets subject to amortization in the period of acquisition
Acquired finite lived intangible asset, fair value	$ 2,511	$ 1,782
Acquired finite lived intangible asset, weighted average life	56	100
Above Market Leases [Member]
Summary of intangible assets subject to amortization in the period of acquisition
Acquired finite lived intangible asset, fair value	2,883	239
Acquired finite lived intangible asset, weighted average life	56	88
Tenant Relationships [Member]
Summary of intangible assets subject to amortization in the period of acquisition
Acquired finite lived intangible asset, fair value	$ 1,553	$ 1,881
Acquired finite lived intangible asset, weighted average life	116	165

XML

Basis of Presentation

12 Months Ended

Dec. 31, 2011

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

2. Basis of Presentation

First Industrial Realty Trust, Inc. is the sole general partner of the Operating Partnership, with an approximate 94.3% and 92.8% common ownership interest at December 31, 2011 and 2010, respectively. Noncontrolling interest at December 31, 2011 and 2010 of 5.7% and 7.2%, respectively, represents the aggregate partnership interest in the Operating Partnership held by the limited partners thereof.

Our consolidated financial statements at December 31, 2011 and 2010 and for each of the years ended December 31, 2011, 2010 and 2009 include the accounts and operating results of the Company and our subsidiaries. Such financial statements present our noncontrolling equity interests in our Joint Ventures under the equity method of accounting. All intercompany transactions have been eliminated in consolidation.

XML

Stockholders' Equity (Details)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Class of Stock [Line Items]
Common Stock, Shares, Outstanding, Beginning Balance	68,841,296	61,845,214	44,652,182
Issuance of Common Stock including Issuance of Restricted Stock Units	17,646,586	6,518,736	16,874,884
Issuance of Restricted Stock Shares	292,339	573,198	35,145
Repurchase and Retirement of Restricted Stock Shares	(98,603)	(123,438)	(132,463)
Common Stock, Shares, Outstanding, Ending Balance	86,807,402	68,841,296	61,845,214
Convertible Common Stock [Member]
Class of Stock [Line Items]
Conversion of Operating Partnership Units	125,784	27,586	415,466

XML

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2011 Y
Buildings and Improvements [Member]
Depreciation Expense on the Useful Lives
Property, Plant and Equipment, Useful Life, Minimum	8
Property, Plant and Equipment, Useful Life, Maximum	50
Land Improvements [Member]
Depreciation Expense on the Useful Lives
Property, Plant and Equipment, Useful Life, Minimum	3
Property, Plant and Equipment, Useful Life, Maximum	20
Furniture, Fixtures and Equipment [Member]
Depreciation Expense on the Useful Lives
Property, Plant and Equipment, Useful Life, Minimum	5
Property, Plant and Equipment, Useful Life, Maximum	10

XML

Investments in Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2011

Investments in Joint Ventures [Abstract]

Condensed Combined Balance Sheets

	December 31, 2011			December 31, 2010
Condensed Combined Balance Sheets
Gross Real Estate Investment	$	155,555		$	210,567
Less: Accumulated Depreciation		(41,342	)		(47,286	)
Net Real Estate		114,213			163,281
Other Assets		23,364			33,351
Total Assets	$	137,577		$	196,632
Debt	$	112,261		$	157,431
Other Liabilities		5,779			10,849
Equity		19,537			28,352
Total Liabilities and Equity	$	137,577		$	196,632
Company’s share of Equity	$	3,029		$	4,344
Basis Differentials(1)		(1,564	)		(2,089	)
Carrying Value of the Company’s investments in Joint Ventures	$	1,465		$	2,255

Condensed Combined Statements of Operations

	Year Ended December 31,
	2011		2010			2009
Condensed Combined Statements of Operations
Total Revenues	$	16,799	$	55,894		$	85,426
Expenses:
Operating and Other		3,114		23,862			41,359
Interest		7,791		28,622			39,749
Depreciation and Amortization		7,312		27,202			47,487
Impairment of Real Estate		—		3,268			150,804
Total Expenses		18,217		82,954			279,399
Income from Discontinued Operations (Including Gain on Sale of Real Estate of $3,137, $2,761 and $1,177 for the years ended December 31, 2011, 2010 and 2009, respectively)		2,674		1,942			1,799
Gain on Sale of Real Estate		—		808			8,603
Net Income (Loss)	$	1,256	$	(24,310	)	$	(183,571	)
Company’s Share of Net Income (Loss)	$	980	$	675		$	(1,276	)
Impairment on the Company’s Investments in Joint Ventures		—		—			(5,194	)
Equity in Income (Loss) of Joint Ventures	$	980	$	675		$	(6,470	)

XML

Investment in Real Estate (Tables)

12 Months Ended

Dec. 31, 2011

Investment in Real Estate [Abstract]

Summary of intangible assets subject to amortization in the period of acquisition

	Year Ended December 31, 2011		Year Ended December 31, 2010
In-Place Leases	$	2,511	$	1,782
Above Market Leases	$	2,883	$	239
Tenant Relationships	$	1,553	$	1,881

	Year Ended December 31, 2011		Year Ended December 31, 2010
In-Place Leases		56		100
Above Market Leases		56		88
Tenant Relationships		116		165

Summary regarding the industrial properties included in our discontinued operations

	Year Ended December 31,
	2011			2010			2009
Total Revenues	$	19,932		$	27,481		$	36,850
Property Expenses		(8,658	)		(11,821	)		(14,966	)
Impairment of Real Estate		(6,146	)		(81,648	)		(1,317	)
Depreciation and Amortization		(2,145	)		(11,273	)		(17,992	)
Interest Expense		(63	)		(268	)		(653	)
Gain on Sale of Real Estate		20,419			11,092			24,206
Provision for Income Taxes		(1,246	)		—			(1,846	)
Income (Loss) from Discontinued Operations	$	22,093		$	(66,437	)	$	24,282

Net non-cash impairment charges

	Year Ended December  31, 2011			Year Ended December  31, 2010			Year Ended December  31, 2009
Operating Properties—Held for Sale and Sold Assets	$	(6,146	)	$	(81,648	)	$	(1,317	)
Impairment—Discontinued Operations	$	(6,146	)	$	(81,648	)	$	(1,317	)
Land Parcels—Held for Sale and Sold Assets	$	5,879		$	(8,275	)	$	—
Operating Properties—Held for Use		1,687			(90,204	)		(5,617	)
Land Parcels—Held for Use		1,241			(14,425	)		—
Impairment—Continuing Operations	$	8,807		$	(112,904	)	$	(5,617	)
Total Net Impairment	$	2,661		$	(194,552	)	$	(6,934	)

Fair Value Measurements on a Non-Recurring Basis

			Fair Value Measurements on a Non-Recurring Basis Using:
Description	Year Ended December 31, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total Impairment
Long-lived Assets Held for Sale*	$	52,057		—		—	$	52,057	$	(6,121	)
Long-lived Assets Held and Used*	$	22,090		—		—	$	22,090		(896	)
									$	(7,017	)

			Fair Value Measurements on a Non-Recurring Basis Using:
Description	Year Ended December  31, 2010		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total Impairment
Long-lived Assets Held for Sale	$	288,369		—		—	$	288,369	$	(193,226	)
Long-lived Assets Held and Used	$	3,905		—		—	$	3,905		(1,326	)
									$	(194,552	)

XML

Indebtedness (Details 1) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 IndustrialProperty sqft
Mortgage loans obtained
Loan Principal	$ 280,317
Property Carrying Value	319,685
Mortgage Financing I - VIII [Member]
Mortgage loans obtained
Loan Principal	178,300
Interest Rate	4.45%
Origination/Assumption Date	May 02, 2011
Maturity Date	Jun. 01, 2018
Amortization Period	30 years
Number of Industrial Properties Collateralizing Mortgage	32
Gross Leaseable Area	5,900,000
Property Carrying Value	206,291
Mortgage Financing IX [Member]
Mortgage loans obtained
Loan Principal	24,417
Interest Rate	5.579%
Origination/Assumption Date	May 26, 2011
Maturity Date	Feb. 01, 2016
Amortization Period	30 years
Number of Industrial Properties Collateralizing Mortgage	1
Gross Leaseable Area	700,000
Property Carrying Value	28,991
Mortgage Financing X [Member]
Mortgage loans obtained
Loan Principal	77,600
Interest Rate	4.85%
Origination/Assumption Date	Sep. 23, 2011
Maturity Date	Oct. 01, 2021
Amortization Period	30 years
Number of Industrial Properties Collateralizing Mortgage	24
Gross Leaseable Area	2,300,000
Property Carrying Value	$ 84,403

XML

Summary of Significant Accounting Policies (Details 1) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Deferred Leasing Intangibles included in Total Assets
Total Deferred Leasing Intangibles, Net	$ 38,037	$ 39,718
Total included in Other Liabilities
Below Market Leases	16,567	18,519
Total Deferred Leasing Intangibles, Net	16,567	18,519
In-Place Leases [Member]
Deferred Leasing Intangibles included in Total Assets
Total Deferred Leasing Intangibles, Net	19,587	21,951
Above Market Leases [Member]
Deferred Leasing Intangibles included in Total Assets
Total Deferred Leasing Intangibles, Net	5,888	3,948
Tenant Relationships [Member]
Deferred Leasing Intangibles included in Total Assets
Total Deferred Leasing Intangibles, Net	$ 12,562	$ 13,819

XML

Indebtedness (Tables)

12 Months Ended

Dec. 31, 2011

Extinguishment of Debt [Line Items]

Information regarding indebtedness

	Outstanding Balance at						Interest Rate at December 31, 2011	Effective Interest Rate at Issuance	Maturity Date
	December 31, 2011			December 31, 2010
Mortgage and Other Loans Payable, Net*	$	690,256		$	486,055		4.45% – 9.25%	4.45% – 9.25%	January 2013 – October 2021
Unamortized Premiums*		(305	)		(358	)
Mortgage and Other Loans Payable, Gross*	$	689,951		$	485,697
Senior Unsecured Notes, Net
2016 Notes	$	159,455		$	159,899		5.750%	5.91%	01/15/16
2017 Notes		59,600			87,195		7.500%	7.52%	12/01/17
2027 Notes		6,065			13,559		7.150%	7.11%	05/15/27
2028 Notes		124,894			189,869		7.600%	8.13%	07/15/28
2012 Notes		61,817			61,774		6.875%	6.85%	04/15/12
2032 Notes		34,683			34,667		7.750%	7.87%	04/15/32
2014 Notes		86,997			86,792		6.420%	6.54%	06/01/14
2011 Exchangeable Notes		—			128,137		N/A	N/A	09/15/11
2017 II Notes		106,716			117,637		5.950%	6.37%	05/15/17
Subtotal	$	640,227		$	879,529
Unamortized Discounts		4,625			6,980
Senior Unsecured Notes, Gross	$	644,852		$	886,509
Unsecured Credit Facility	$	149,000		$	376,184		2.385%	2.385%	12/12/14

* Excludes $1,008 of Mortgage Loan Payable on Real Estate Held for Sale which is net of $48 of unamortized premiums as of December 31, 2010.

Mortgage Loans Obtained [Table Text Block]

Mortgage Financing	Loan Principal		Interest Rate			Origination/Assumption Date	Maturity Date	Amortization Period		Number of Industrial Properties Collateralizing Mortgage		GLA (In millions)		Property Carrying Value at December 31, 2011
I - VIII	$	178,300		4.45	%	May 2, 2011	June 2018		30-year		32		5.9	$	206,291
IX		24,417		5.579	%	May 26, 2011	February 2016		30-year		1		0.7		28,991
X-XX		77,600		4.85	%	September 23, 2011	October 2021		30-year		24		2.3		84,403
	$	280,317												$	319,685

Summary of the stated maturities and scheduled principal payments

	Amount
2012	$	74,518
2013		13,164
2014		305,063
2015		62,088
2016		293,467
Thereafter		735,503
Total	$	1,483,803

Summary of fair value indebtedness

	December 31, 2011				December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Mortgage and Other Loans Payable, including mortgages Held for Sale	$	690,256	$	743,419	$	487,063	$	548,696
Senior Unsecured Debt		640,227		630,622		879,529		851,771
Unsecured Credit Facility		149,000		149,000		376,184		376,184
Total	$	1,479,483	$	1,523,041	$	1,742,776	$	1,776,651

Mortgages [Member]

Extinguishment of Debt [Line Items]

Early extinguishment of mortgage loans and senior unsecured notes

Loan Principal Paid Off	Interest Rate			Payoff Date	Maturity Date	(Loss) Gain on Retirement  of Debt
$14,520		6.75	%	February 10, 2011	September 2012	$	(213	)
18,662		7.50	%	March 9, 2011	December 2014		(813	)
27,389		7.50	%	April 1, 2011	October 2014		(1,104	)
2,091		7.54	%	November 30, 2011	January 2012		2
$62,662						$	(2,128	)

Senior unsecured notes [Member]

Extinguishment of Debt [Line Items]

Early extinguishment of mortgage loans and senior unsecured notes

	Principal Amount Repurchased				Purchase Price
	For the Year Ended December 31, 2011		For the Year Ended December 31, 2010		For the Year Ended December 31, 2011		For the Year Ended December 31, 2010
2011 Notes	$	—	$	143,498	$	—	$	147,723
2011 Exchangeable Notes		—		18,000		—		17,936
2012 Notes		—		82,236		—		82,235
2014 Notes		1,144		21,062		1,143		17,964
2016 Notes		500		—		475		—
2017 Notes		27,619		—		27,506		—
2017 II Notes		10,969		—		10,182		—
2027 Notes		7,500		—		7,500		—
2028 Notes		65,025		—		63,861		—
	$	112,757	$	264,796	$	110,667	$	265,858

XML

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2011

Stockholders' Equity [Abstract]

Common stock outstanding, including unvested restricted shares of common stock

	Shares of Common Stock Outstanding
Balance at December 31, 2008		44,652,182
Issuance of Common Stock, including Issuance of Restricted Stock Units		16,874,884
Issuance of Restricted Stock Shares		35,145
Repurchase and Retirement of Restricted Stock Shares		(132,463	)
Conversion of Operating Partnership Units		415,466
Balance at December 31, 2009		61,845,214
Issuance of Common Stock, including Issuance of Restricted Stock Units		6,518,736
Issuance of Restricted Stock Shares		573,198
Repurchase and Retirement of Restricted Stock Shares		(123,438	)
Conversion of Operating Partnership Units		27,586
Balance at December 31, 2010		68,841,296
Issuance of Common Stock, including Issuance of Restricted Stock Units		17,646,586
Issuance of Restricted Stock Shares		292,339
Repurchase and Retirement of Restricted Stock Shares		(98,603	)
Conversion of Operating Partnership Units		125,784
Balance at December 31, 2011		86,807,402

Dividend Distributions

	Year Ended 2011				Year Ended 2010				Year Ended 2009
	Dividend/ Distribution per Share/ Unit		Total Dividend/ Distribution		Dividend/ Distribution per Share/ Unit		Total Dividend/ Distribution		Dividend/ Distribution per Share/ Unit		Total Dividend/ Distribution
Common Stock/Operating Partnership Units	$	0.0000	$	—	$	0.0000	$	—	$	0.0000	$	—
Series F Preferred Stock	$	6,510.9028	$	3,256	$	6,736.1540	$	3,368	$	6,414.5700	$	3,207
Series G Preferred Stock	$	7,236.0000	$	1,809	$	7,236.0000	$	1,809	$	7,236.0000	$	1,809
Series J Preferred Stock	$	18,125.2000	$	10,875	$	18,125.2000	$	10,875	$	18,125.2000	$	10,875
Series K Preferred Stock	$	18,125.2000	$	3,625	$	18,125.2000	$	3,625	$	18,125.2000	$	3,625

XML

Organization and Formation of Company

12 Months Ended

Dec. 31, 2011

Organization and Formation of Company [Abstract]

Organization and Formation of Company

1. Organization and Formation of Company

First Industrial Realty Trust, Inc. (the “Company”) was organized in the state of Maryland on August 10, 1993. The Company is a real estate investment trust (“REIT”) as defined in the Internal Revenue Code of 1986 (the “Code”). Unless the context otherwise requires, the terms “Company,” “we,” “us,” and “our” refer to First Industrial Realty Trust, Inc., First Industrial, L.P. and their other controlled subsidiaries. We refer to our operating partnership, First Industrial, L.P., as the “Operating Partnership.”

We began operations on July 1, 1994. Our operations are conducted primarily through the Operating Partnership, of which we are the sole general partner, and through our taxable REIT subsidiaries. We also conduct operations through other partnerships and limited liability companies, the operating data of which, together with that of the Operating Partnership and the taxable REIT subsidiaries, is consolidated with that of the Company as presented herein.

We also own noncontrolling equity interests in, and provide various services to, two joint ventures (the “2003 Net Lease Joint Venture” and the “2007 Europe Joint Venture”). During 2010, we provided various services to, and ultimately disposed of our equity interests in, five joint ventures (the “2005 Development/Repositioning Joint Venture,” the “2005 Core Joint Venture,” the “2006 Net Lease Co-Investment Program,” the “2006 Land/Development Joint Venture,” and the “2007 Canada Joint Venture;” together with the 2003 Net Lease Joint Venture and the 2007 Europe Joint Venture, the “Joint Ventures”). The Joint Ventures are accounted for under the equity method of accounting. Accordingly, the operating data of our Joint Ventures is not consolidated with that of the Company as presented herein. The 2007 Europe Joint Venture does not own any properties. See Note 5 for more information on the Joint Ventures.

As of December 31, 2011, we owned 740 industrial properties located in 26 states in the United States and one province in Canada, containing an aggregate of approximately 66.3 million square feet of gross leasable area (“GLA”).

Any references to the number of buildings and square footage in the financial statement footnotes are unaudited.

XML

Supplemental Information to Statements of Cash Flows (Tables)

12 Months Ended

Dec. 31, 2011

Supplemental Information to Statements of Cash Flows [Abstract]

Cash flow information

	Year Ended December 31, 2011			Year Ended December 31, 2010			Year Ended December 31, 2009
Interest paid, net of capitalized interest	$	100,375		$	105,276		$	115,990
Capitalized Interest	$	437		$	—		$	281
Income Taxes Paid (Refunded)	$	1,876		$	3,663		$	(54,173	)
Supplemental schedule of noncash investing and financing activities:
Distribution payable on preferred stock	$	4,763		$	452		$	452
Exchange of units for common stock:
Noncontrolling interest	$	(1,109	)	$	(316	)	$	(7,817	)
Common stock		1			1			4
Additional paid-in-capital		1,108			315			7,813
	$	—		$	—		$	—
Property Transfer to Lender in Satisfaction of Non-Recourse Mortgage Loan:
Net Investment of Real Estate	$	(3,200	)	$	—		$	—
Prepaid Expenses and Other Assets, Net		(1,987	)		—			—
Mortgage Loan Payable, Net		5,040			—			—
Loss from Retirement of Debt	$	(147	)	$	—		$	—
Mortgage loan payable assumed in conjunction with a property acquisition	$	(24,417	)	$	—		$	—
Notes receivable issued in conjunction with certain property sales	$	7,029		$	168		$	20,645
Write-off of fully depreciated assets	$	(58,357	)	$	(59,485	)	$	(55,089	)

XML

Derivatives (Details 1) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Mark-to-Market on Interest Rate Protection Agreements (OCI) [Member]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Loss Recognized in OCI (Effective Portion)	$ 0	$ 990
Interest Expense [Member]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Amortization Reclassified from OCI into Income	$ (2,166)	$ (2,108)

XML

Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information (Unaudited) [Abstract]

Net loss available to common stockholders and basic and diluted EPS

	Year Ended December 31, 2011
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total Revenues	$	80,186		$	79,386		$	78,586		$	79,677
Equity in Income of Joint Ventures		36			99			772			73
Noncontrolling Interest Allocable to Continuing Operations		877			526			952			798
Loss from Continuing Operations, Net of Income Tax and Noncontrolling Interest		(6,611	)		(3,260	)		(10,450	)		(8,727	)
Income from Discontinued Operations, Net of Income Tax		3,105			3,692			5,947			9,349
Noncontrolling Interest Allocable to Discontinued Operations		(224	)		(236	)		(349	)		(543	)
Gain on Sale of Real Estate, Net of Income Tax		—			—			918			—
Noncontrolling Interest Allocable to Gain on Sale of Real Estate		—			—			(56	)		—
Net (Loss) Income Attributable to First Industrial Realty Trust, Inc.		(3,730	)		196			(3,990	)		79
Preferred Stock Dividends		(4,927	)		(4,947	)		(4,928	)		(4,763	)
Net Loss Available to Common Stockholders	$	(8,657	)	$	(4,751	)	$	(8,918	)	$	(4,684	)
Basic and Diluted Earnings Per Share:
Loss From Continuing Operations Available	$	(0.16	)	$	(0.10	)	$	(0.17	)	$	(0.16	)
Income from Discontinued Operations	$	0.04		$	0.04		$	0.07		$	0.10
Net Loss Available to Common Stockholders	$	(0.12	)	$	(0.06	)	$	(0.10	)	$	(0.05	)
Weighted Average Shares Outstanding		70,639			79,727			85,930			85,941

	Year Ended December 31, 2010
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total Revenues	$	82,709		$	80,756		$	78,186		$	80,127
Equity in (Loss) Income of Joint Ventures		(459	)		582			(398	)		950
Noncontrolling Interest Allocable to Continuing Operations		2,309			1,870			7,419			2,065
Loss from Continuing Operations, Net of Income Tax and Noncontrolling Interest		(21,776	)		(17,308	)		(81,979	)		(20,973	)
Income (Loss) from Discontinued Operations, Net of Income Tax		4,544			4,069			(72,873	)		(2,177	)
Noncontrolling Interest Allocable to Discontinued Operations		(356	)		(309	)		5,664			176
Gain (Loss) on Sale of Real Estate, Net of Income Tax		731			—			(214	)		—
Noncontrolling Interest Allocable to Gain (Loss) on Sale of Real Estate		(57	)		—			17			—
Net Loss Attributable to First Industrial Realty Trust, Inc.		(16,914	)		(13,548	)		(149,385	)		(22,974	)
Preferred Stock Dividends		(4,960	)		(4,979	)		(4,884	)		(4,854	)
Net Loss Available to Common Stockholders	$	(21,874	)	$	(18,527	)	$	(154,269	)	$	(27,828	)
Basic and Diluted Earnings Per Share:
Loss From Continuing Operations Available	$	(0.42	)	$	(0.35	)	$	(1.38	)	$	(0.40	)
Income (Loss) from Discontinued Operations	$	0.07		$	0.06		$	(1.07	)	$	(0.03	)
Net Loss Available to Common Stockholders	$	(0.35	)	$	(0.29	)	$	(2.44	)	$	(0.43	)
Weighted Average Shares Outstanding		61,797			62,838			63,100			64,049

XML

Investments in Joint Ventures (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Condensed combined statements of operations
Total Revenues	$ 79,677	$ 78,586	$ 79,386	$ 80,186	$ 80,127	$ 78,186	$ 80,756	$ 82,709	$ 317,835	$ 321,778	$ 384,572
Expenses:
Interest									100,127	105,898	114,768
Depreciation and Amortization									121,604	125,298	131,871
Impairment of Real Estate					2,387				(8,807)	112,904	5,617
Gain on Sale of Real Estate	0	918	0	0		(214)		731	918	517	231
Net (Loss) Income									(9,190)	(221,619)	4,186
Company's Share of Net Income (Loss)	79	(3,990)	196	(3,730)	(22,974)	(149,385)	(13,548)	(16,914)	(7,445)	(202,821)	5,733
Equity in Income (Loss) of Joint Ventures	73	772	99	36	950	(398)	582	(459)	980	675	(6,470)
Corporate Joint Venture [Member]
Condensed combined statements of operations
Total Revenues									16,799	55,894	85,426
Expenses:
Operating and Other									3,114	23,862	41,359
Interest									7,791	28,622	39,749
Depreciation and Amortization									7,312	27,202	47,487
Impairment of Real Estate										3,268	150,804
Expenses									18,217	82,954	279,399
Income from Discontinued Operations (Including Gain on Sale of Real Estate of $3,137, $2,761 and $1,177 for the years ended December 31, 2011, 2010 and 2009, respectively)									2,674	1,942	1,799
Gain on Sale of Real Estate										808	8,603
Net (Loss) Income									1,256	(24,310)	(183,571)
Company's Share of Net Income (Loss)									980	675	(1,276)
Impairment on the Company Investments in Joint Ventures											(5,194)
Equity in Income (Loss) of Joint Ventures									$ 980	$ 675	$ (6,470)

XML

Income Taxes (Details 3) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Components of Income Tax Benefit Provision
Tax provision (Benefit) associated with income from operations on sold properties which is included in discontinued operations	$ (119)		$ (384)
Tax Provision (Benefit) Associated with Gains and Losses on Sale of Real Estate which is Included in Discontinued Operations	(1,127)		(1,462)
Tax provision (Benefit) associated with gains and losses on the sale of real estate	(452)	(342)	(143)
Income Tax (Provision) Benefit	(450)	(2,963)	25,185
Income tax benefit (provision)	$ (2,148)	$ (3,305)	$ 23,196

XML

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Investment in Real Estate:
Land	$ 638,071	$ 554,829
Buildings and Improvements	2,326,245	2,061,266
Construction in Progress	27,780	2,672
Less: Accumulated Depreciation	(658,729)	(509,634)
Net Investment in Real Estate	2,333,367	2,109,133
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $39,413 and $165,211	91,659	392,291
Cash and Cash Equivalents	10,153	25,963
Restricted Cash	0	117
Tenant Accounts Receivable, Net	3,062	3,064
Investments in Joint Ventures	1,674	2,451
Deferred Rent Receivable, Net	50,033	37,878
Deferred Financing Costs, Net	15,244	15,351
Deferred Leasing Intangibles, Net	38,037	39,718
Prepaid Expenses and Other Assets, Net	123,428	124,088
Total Assets	2,666,657	2,750,054
Indebtedness:
Mortgage and Other Loans Payable, Net	690,256	486,055
Senior Unsecured Debt, Net	640,227	879,529
Unsecured Credit Facility	149,000	376,184
Mortgage Loan Payable on Real Estate Held for Sale, Net, Inclusive of $0 and $6 of Accrued Interest	0	1,014
Accounts Payable, Accrued Expenses and Other Liabilities, Net	71,470	67,326
Deferred Leasing Intangibles, Net	16,567	18,519
Rents Received in Advance and Security Deposits	25,852	27,367
Leasing Intangibles Held for Sale, Net of Accumulated Amortization of $415 and $2,668	690	1,916
Total Liabilities	1,594,062	1,857,910
Commitments and Contingencies
First Industrial Realty Trust, Inc.'s Stockholders' Equity:
Preferred Stock ($0.01 par value, 10,000,000 shares authorized, 500, 250, 600, and 200 shares of Series F, G, J, and K Cumulative Preferred Stock, respectively, issued and outstanding, having a liquidation preference of $100,000 per share ($50,000), $100,000 per share ($25,000), $250,000 per share ($150,000), and $250,000 per share ($50,000), respectively)
Common Stock ($0.01 par value, 150,000,000 and 100,000,000 shares authorized; 91,131,516 and 73,165,410 shares issued; and 86,807,402 and 68,841,296 shares outstanding)	911	732
Additional Paid-in-Capital	1,811,349	1,608,014
Distributions in Excess of Accumulated Earnings	(633,854)	(606,511)
Accumulated Other Comprehensive Loss	(11,712)	(15,339)
Treasury Shares at Cost (4,324,114 shares)	(140,018)	(140,018)
Total First Industrial Realty Trust, Inc.'s Stockholders' Equity	1,026,676	846,878
Noncontrolling Interest	45,919	45,266
Total Equity	1,072,595	892,144
Total Liabilities and Equity	$ 2,666,657	$ 2,750,054

XML

Summary of Significant Accounting Policies (Details 2) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
In-Place Lease and Customer Relationship [Member]
Net amortization expense related to deferred leasing intangibles
2012	$ 6,519
2013	5,457
2014	4,417
2015	3,750
2016	2,394
Above Market Lease and Below Market Lease [Member]
Net amortization expense related to deferred leasing intangibles
2012	763
2013	531
2014	380
2015	371
2016	$ 884

XML

Real Estate and Accumulated Depreciation (Details Textual) (USD $) In Billions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Real Estate and Accumulated Depreciation (Textual) [Abstract]
Tenant Improvements, Leasehold Improvements	Life of lease
Aggregate cost of land and buildings and equipment for federal income tax purpose	$ 3.1
Building And Building Improvements And Land [Member]
Depreciation Expense on the Useful Lives
Property, Plant and Equipment, Useful Life, Minimum	3
Property, Plant and Equipment, Useful Life, Maximum	50

XML

Consolidated Statement of Changes in Stockholders' Equity (USD $) In Thousands	Total	Preferred Stock	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Shares At Cost	Distributions in Excess of Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest [Member]
Balance at Dec. 31, 2008	$ 990,716	$ 0	$ 490	$ 1,398,024	$ (140,018)	$ (370,229)	$ (19,668)	$ 122,117
Issuance of Common Stock, Net of Issuance Costs	83,795		169	83,626
Stock Based Compensation Activity	12,660		(1)	12,662		(1)
Conversion of Units to Common Stock	0		4	7,813				(7,817)
Reallocation - Additional Paid in Capital				49,126				(49,126)
Repurchase of Equity Component of Exchangeable Note	(33)			(33)
Preferred Dividends	(19,516)					(19,516)
Net Income (Loss)	4,186					5,733		(1,547)
Reallocation - Other Comprehensive Income							(931)	931
Other Comprehensive Income	2,439						2,191	248
Balance at Dec. 31, 2009	1,074,247	0	662	1,551,218	(140,018)	(384,013)	(18,408)	64,806
Issuance of Common Stock, Net of Issuance Costs	49,973		64	49,909
Stock Based Compensation Activity	5,741		5	5,736
Conversion of Units to Common Stock	0		1	315				(316)
Reallocation - Additional Paid in Capital				836				(836)
Preferred Dividends	(19,677)					(19,677)
Net Income (Loss)	(221,619)					(202,821)		(18,798)
Reallocation - Other Comprehensive Income							(139)	139
Other Comprehensive Income	3,479						3,208	271
Balance at Dec. 31, 2010	892,144	0	732	1,608,014	(140,018)	(606,511)	(15,339)	45,266
Issuance of Common Stock, Net of Issuance Costs	202,332		174	202,158
Stock Based Compensation Activity	2,759		4	3,088		(333)
Conversion of Units to Common Stock	0		1	1,108				(1,109)
Reallocation - Additional Paid in Capital				(3,019)				3,019
Preferred Dividends	(19,565)					(19,565)
Net Income (Loss)	(9,190)					(7,445)		(1,745)
Reallocation - Other Comprehensive Income							(237)	237
Other Comprehensive Income	4,115						3,864	251
Balance at Dec. 31, 2011	$ 1,072,595	$ 0	$ 911	$ 1,811,349	$ (140,018)	$ (633,854)	$ (11,712)	$ 45,919

XML

Real Estate and Accumulated Depreciation (Details 2) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Change in Total Real Estate Assets
Balance, Beginning of Year	$ 3,140,649	$ 3,351,626	$ 3,406,729
Acquisition of Real Estate Assets	22,953	17,595	208
Construction Costs and Improvements	72,822	49,881	54,650
Disposition of Real Estate Assets	(91,312)	(50,929)	(73,015)
Impairment of Real Estate	2,661	(194,552)	(6,934)
Write-off of Fully Depreciated Assets	(32,723)	(32,972)	(30,012)
Balance, End of Year	$ 3,115,050	$ 3,140,649	$ 3,351,626

XML

Indebtedness (Details 4) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011
Summary of the stated maturities and scheduled principal payments
2012	$ 74,518
2013	13,164
2014	305,063
2015	62,088
2016	293,467
Thereafter	735,503
Total	$ 1,483,803

XML

Restructuring Costs (Tables)

12 Months Ended

Dec. 31, 2011

Restructuring Costs [Abstract]

Summarization of Restructuring Costs

	2011		2010		2009
Pre-tax restructuring costs:
Employee severance and benefits*	$	—	$	525	$	5,186
Termination of certain office leases		1,200		647		1,867
Other		353		686		753
Total restructuring costs	$	1,553	$	1,858	$	7,806
Included in Accounts Payable, Accrued Expenses and Other Liabilities, Net related to severance obligations, remaining lease payments and other costs incurred but not yet paid	$	1,959	$	1,574	$	2,884

XML

Supplemental Information to Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Cash flow information
Interest paid, net of capitalized interest	$ 100,375	$ 105,276	$ 115,990
Capitalized Interest	437		281
Income Taxes Paid (Refunded)	1,876	3,663	(54,173)
Supplemental schedule of noncash investing and financing activities:
Dividends Declared Not Paid	4,763	452	452
Exchange of units for common stock
Conversion of Units to Common Stock	0	0	0
Property Transfer to Lender in Satisfaction of Non-Recourse Mortgage Loan:
Net Investment of Real Estate	(3,200)
Prepaid Expenses and Other Assets, Net	(1,987)
Mortgage Loan Payable, Net	5,040
Loss from Retirement of Debt	(147)
In conjunction with property and land acquisitions, the following liabilities were assumed
Mortgage loan payable assumed in conjunction with a property acquisition	(24,417)
Notes receivable issued in conjunction with certain property sales	7,029	168	20,645
Write-off of fully depreciated assets	(58,357)	(59,485)	(55,089)
Noncontrolling Interest [Member]
Exchange of units for common stock
Conversion of Units to Common Stock	(1,109)	(316)	(7,817)
Common Stock [Member]
Exchange of units for common stock
Conversion of Units to Common Stock	1	1	4
Additional Paid-in Capital [Member]
Exchange of units for common stock
Conversion of Units to Common Stock	$ 1,108	$ 315	$ 7,813

XML

Commitments and Contingencies

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies [Abstract]

Commitments and Contingencies

15. Commitments and Contingencies

Twelve properties have leases granting the tenants options to purchase the property. Such options are exercisable at various times at appraised fair market value or at a fixed purchase price in excess of our depreciated cost of the asset. We have no notice of any exercise of any tenant purchase option.

At December 31, 2011, we had letters of credit outstanding and performance bonds in the aggregate amount of $6,780. These letters of credit expire between February 2012 and July 2013.

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.

Ground and Operating Lease Agreements

For the years ended December 31, 2011, 2010 and 2009, we recognized $1,955, $3,047 and $4,181, respectively, in operating and ground lease expense.

Future minimum rental payments under the terms of all non-cancelable ground and operating leases under which we are the lessee, offset by sub-lease rental payments under non-cancelable operating leases, as of December 31, 2011, are as follows:

2012	$	1,892
2013		1,724
2014		1,448
2015		1,319
2016		1,321
Thereafter		28,052
Total	$	35,756

XML

Future Rental Revenues (Tables)

12 Months Ended

Dec. 31, 2011

Future Rental Revenues [Abstract]

Minimum lease payments receivable, excluding tenant reimbursements of expenses, under non-cancelable operating leases

2012	$	239,347
2013		196,288
2014		157,012
2015		125,439
2016		94,840
Thereafter		326,295
Total	$	1,139,221

XML

Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information (Unaudited) [Abstract]

Quarterly Financial Information (unaudited)

17. Quarterly Financial Information (unaudited)

The following tables summarize our quarterly financial information. The first, second and third fiscal quarters of 2011 and all fiscal quarters in 2010 have been revised in accordance with guidance on accounting for discontinued operations. The results of operations for the fourth quarter of 2010 include $2,387 which should have been recorded as part of the impairment charge recorded during the third quarter in 2010. Management evaluated this impairment charge and believes it is not material to the results of operations of either quarter.

Net loss available to common stockholders and basic and diluted EPS from net loss available to common stockholders has not been affected.

	Year Ended December 31, 2011
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total Revenues	$	80,186		$	79,386		$	78,586		$	79,677
Equity in Income of Joint Ventures		36			99			772			73
Noncontrolling Interest Allocable to Continuing Operations		877			526			952			798
Loss from Continuing Operations, Net of Income Tax and Noncontrolling Interest		(6,611	)		(3,260	)		(10,450	)		(8,727	)
Income from Discontinued Operations, Net of Income Tax		3,105			3,692			5,947			9,349
Noncontrolling Interest Allocable to Discontinued Operations		(224	)		(236	)		(349	)		(543	)
Gain on Sale of Real Estate, Net of Income Tax		—			—			918			—
Noncontrolling Interest Allocable to Gain on Sale of Real Estate		—			—			(56	)		—
Net (Loss) Income Attributable to First Industrial Realty Trust, Inc.		(3,730	)		196			(3,990	)		79
Preferred Stock Dividends		(4,927	)		(4,947	)		(4,928	)		(4,763	)
Net Loss Available to Common Stockholders	$	(8,657	)	$	(4,751	)	$	(8,918	)	$	(4,684	)
Basic and Diluted Earnings Per Share:
Loss From Continuing Operations Available	$	(0.16	)	$	(0.10	)	$	(0.17	)	$	(0.16	)
Income from Discontinued Operations	$	0.04		$	0.04		$	0.07		$	0.10
Net Loss Available to Common Stockholders	$	(0.12	)	$	(0.06	)	$	(0.10	)	$	(0.05	)
Weighted Average Shares Outstanding		70,639			79,727			85,930			85,941

	Year Ended December 31, 2010
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Total Revenues	$	82,709		$	80,756		$	78,186		$	80,127
Equity in (Loss) Income of Joint Ventures		(459	)		582			(398	)		950
Noncontrolling Interest Allocable to Continuing Operations		2,309			1,870			7,419			2,065
Loss from Continuing Operations, Net of Income Tax and Noncontrolling Interest		(21,776	)		(17,308	)		(81,979	)		(20,973	)
Income (Loss) from Discontinued Operations, Net of Income Tax		4,544			4,069			(72,873	)		(2,177	)
Noncontrolling Interest Allocable to Discontinued Operations		(356	)		(309	)		5,664			176
Gain (Loss) on Sale of Real Estate, Net of Income Tax		731			—			(214	)		—
Noncontrolling Interest Allocable to Gain (Loss) on Sale of Real Estate		(57	)		—			17			—
Net Loss Attributable to First Industrial Realty Trust, Inc.		(16,914	)		(13,548	)		(149,385	)		(22,974	)
Preferred Stock Dividends		(4,960	)		(4,979	)		(4,884	)		(4,854	)
Net Loss Available to Common Stockholders	$	(21,874	)	$	(18,527	)	$	(154,269	)	$	(27,828	)
Basic and Diluted Earnings Per Share:
Loss From Continuing Operations Available	$	(0.42	)	$	(0.35	)	$	(1.38	)	$	(0.40	)
Income (Loss) from Discontinued Operations	$	0.07		$	0.06		$	(1.07	)	$	(0.03	)
Net Loss Available to Common Stockholders	$	(0.35	)	$	(0.29	)	$	(2.44	)	$	(0.43	)
Weighted Average Shares Outstanding		61,797			62,838			63,100			64,049

XML

Earnings Per Share (EPS) (Details Textual) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Earnings Per Share (EPS) (Textual) [Abstract]
Unvested Restricted Stock Awards Outstanding	673,381	662,092	355,645

XML

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (Loss) Income	$ (9,190)	$ (221,619)	$ 4,186
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operating Activities:
Depreciation	95,931	104,175	112,241
Amortization of Deferred Financing Costs	3,963	3,473	3,030
Other Amortization	36,390	41,024	52,646
Impairment of Real Estate, Net	(2,661)	194,552	6,934
Provision for Bad Debt	1,110	1,880	3,259
Equity in (Income) Loss of Joint Ventures	(980)	(675)	6,470
Distributions from Joint Venture	1,033	3,032	2,319
Gain on Sale of Real Estate	(21,789)	(11,951)	(24,580)
Gain on Sale of Joint Venture Interests		(11,226)
Gain on Change in Control of Interests	(689)
Loss (Gain) on Retirement of Debt	5,459	4,304	(34,562)
Prepayment Premiums Associated with Retirement of Debt	(1,268)
Mark-to-Market Loss (Gain) on Interest Rate Protection Agreements	1,718	1,107	(3,667)
Decrease in Developments for Sale Costs			812
(Increase) Decrease in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net	(2,933)	(1,580)	51,641
Increase in Deferred Rent Receivable	(7,733)	(7,041)	(8,350)
Decrease in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits	(5,684)	(9,411)	(27,631)
Decrease (Increase) in Restricted Cash	117	(15)	7
Payments of Premiums and Discounts Associated with Senior Unsecured Notes	(5,260)	(6,840)	(2,576)
Net Cash Provided by Operating Activities	87,534	83,189	142,179
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of and Additions to Investment in Real Estate and Lease Costs	(90,524)	(89,736)	(75,947)
Net Proceeds from Sales of Investments in Real Estate	75,953	68,046	74,982
Contributions to and Investments in Joint Ventures	(155)	(777)	(3,742)
Distributions and Sale Proceeds from Joint Venture Interests	650	11,519	6,333
Repayments of Notes Receivable	10,394	1,460	3,151
Increase in Lender Escrows	(97)	(435)
Net Cash (Used in) Provided by Investing Activities	(3,779)	(9,923)	4,777
CASH FLOWS FROM FINANCING ACTIVITIES:
Debt and Equity Issuance Costs	(7,162)	(4,544)	(8,322)
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount	202,845	50,087	84,465
Repurchase and Retirement of Restricted Stock	(1,001)	(298)	(739)
Payments on Interest Rate Swap Agreement	(489)	(450)	(320)
Settlement of Interest Rate Protection Agreements			(7,491)
Repayments on Senior Unsecured Notes	(234,307)	(259,018)	(336,196)
Dividends/Distributions			(12,614)
Preferred Stock Dividends	(15,254)	(19,677)	(20,296)
Repayments on Mortgage and Other Loans Payable	(71,983)	(20,872)	(13,513)
Proceeds from Origination of Mortgage Loans Payable	255,900	105,580	339,783
Proceeds from Unsecured Credit Facility	390,500	69,097	180,000
Repayments on Unsecured Credit Facility	(618,553)	(149,280)	(172,000)
Costs Associated with the Retirement of Debt		(1,008)
Repurchase of Equity Component Exchangeable Notes			(33)
Net Cash (Used in) Provided by Financing Activities	(99,504)	(230,383)	32,724
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents	(61)	137	81
Net (Decrease) Increase in Cash and Cash Equivalents	(15,749)	(157,117)	179,680
Cash and Cash Equivalents, Beginning of Year	25,963	182,943	3,182
Cash and Cash Equivalents, End of Year	$ 10,153	$ 25,963	$ 182,943

XML

Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011 Series F Preferred Stock [Member]	Dec. 31, 2010 Series F Preferred Stock [Member]	Dec. 31, 2011 Series G Preferred Stock [Member]	Dec. 31, 2010 Series G Preferred Stock [Member]	Dec. 31, 2011 Series J Preferred Stock [Member]	Dec. 31, 2010 Series J Preferred Stock [Member]	Dec. 31, 2011 Series K Preferred Stock [Member]	Dec. 31, 2010 Series K Preferred Stock [Member]
Investment in Real Estate:
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization	$ 39,413	$ 165,211
Indebtedness:
Accrued Interest Mortgage Loan Payable	0	6
Deferred Leasing Intangibles, Accumulated Amortization	415	2,668
First Industrial Realty Trust, Inc.'s Stockholders' Equity:
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued			500	500	250	250	600	600	200	200
Preferred Stock, shares outstanding			500	500	250	250	600	600	200	200
Preferred Stock, liquidation preference per share			$ 100,000	$ 100,000	$ 100,000	$ 100,000	$ 250,000	$ 250,000	$ 250,000	$ 250,000
Preferred Stock liquidation preference value			$ (50,000)	$ (50,000)	$ (25,000)	$ (25,000)	$ (150,000)	$ (150,000)	$ (50,000)	$ (50,000)
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	150,000,000	100,000,000
Common Stock, shares issued	91,131,516	73,165,410
Common Stock, shares outstanding	86,807,402	68,841,296
Treasury Shares at cost, shares	4,324,114	4,324,114

XML

Income Taxes

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income Taxes

10. Income Taxes

For income tax purposes, distributions paid to common shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. We did not pay common share distributions for the years ended December 31, 2011, 2010 and 2009.

For income tax purposes, distributions paid to preferred shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. For the years ended December 31, 2011, 2010 and 2009, the preferred distributions per depositary share were classified as follows:

Series J Preferred Stock	2011		As a Percentage of Distributions			2010 (As Amended)		As a Percentage of Distributions			2009		As a Percentage of Distributions
Ordinary income	$	0.3130		23.02	%	$	1.4652		80.84	%	$	—		0.00	%
Long-term capital gains		—		0.00	%		—		0.00	%		1.3697		75.57	%
Unrecaptured Section 1250 gain		—		0.00	%		0.2423		13.37	%		0.4428		24.43	%
Return of Capital		1.0402		76.52	%		—		0.00	%		—		0.00	%
Qualified Dividends		0.0062		0.46	%		0.1050		5.79	%		—		0.00	%
	$	1.3594		100.00	%	$	1.8125		100.00	%	$	1.8125		100.00	%

Series K Preferred Stock	2011		As a Percentage of Distributions			2010 (As Amended)		As a Percentage of Distributions			2009		As a Percentage of Distributions
Ordinary income	$	0.3130		23.02	%	$	1.4652		80.84	%	$	—		0.00	%
Long-term capital gains		—		0.00	%		—		0.00	%		1.3697		75.57	%
Unrecaptured Section 1250 gain		—		0.00	%		0.2423		13.37	%		0.4428		24.43	%
Return of Capital		1.0402		76.52	%		—		0.00	%		—		0.00	%
Qualified Dividends		0.0062		0.46	%		0.1050		5.79	%		—		0.00	%
	$	1.3594		100.00	%	$	1.8125		100.00	%	$	1.8125		100.00	%

The 2010 tax characterization of preferred dividends disclosed in this footnote in the 2010 Form 10-K contained an error. The impact of the error affects the treatment of our preferred distributions for tax purposes only. The correction results in an increase in the ordinary income classification of $1.4529, an increase in the qualified dividend classification of $0.0222, an increase in the unrecaptured Section 1250 gain classification of $0.0706, and a decrease in the amount of distributions classified as return of capital of ($1.5457), all per depository share of our Series J and Series K preferred shares.

The components of income tax (provision) benefit for the years ended December 31, 2011, 2010 and 2009 are comprised of the following:

	2011			2010			2009
Current:
Federal	$	(622	)	$	(893	)	$	38,682
State		(502	)		(2,372	)		1,772
Foreign		(41	)		(95	)		(835	)
Deferred:
Federal.		(284	)		163			(15,816	)
State		(2	)		40			(616	)
Foreign.		(697	)		(148	)		9
	$	(2,148	)	$	(3,305	)	$	23,196

On August 24, 2009, we received a private letter ruling from the IRS granting favorable loss treatment under Sections 331 and 336 of the Code on the tax liquidation of one of our old taxable REIT subsidiaries. As a result, we completed a transaction on September 1, 2009 whereby approximately 75% of the assets formerly held by this taxable REIT subsidiary are now held by a limited liability company which is wholly owned by the Operating Partnership. The remaining 25% of the assets are now held by a partnership for federal income tax purposes, and is 99% owned by one of our taxable REIT subsidiaries formed in 2009. On November 6, 2009, legislation was signed that allows businesses with net operating losses for 2008 or 2009 to carry back those losses for up to five years. As a result, we received a refund from the IRS of $40,418 in the fourth quarter of 2009 due to the tax liquidation of one of our old taxable REIT subsidiaries.

Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following as of December 31, 2011 and 2010:

	2011			2010
Investments in Joint Ventures	$	15		$	47
Fixed assets		—			1,863
Prepaid rent		45			71
Restricted stock		43			99
Capitalized Interest		—			626
Impairment of Real Estate		5,683			10,196
Foreign net operating loss carrying forward		828			706
Valuation Allowance		(5,078	)		(9,301	)
Other		483			569
Total deferred tax assets, net of allowance	$	2,019		$	4,876
Straight-line rent		(85	)		(510	)
Fixed assets		(1,946	)		(3,397	)
Other		(108	)		(106	)
Total deferred tax liabilities	$	(2,139	)	$	(4,013	)
Total net deferred tax (liability) asset	$	(120	)	$	863

A valuation allowance is recorded if we believe it is more likely than not that all or some portion of our deferred tax assets will not be realized. We do not have projections of future taxable income in the taxable REIT subsidiaries significant enough to allow us to realize our deferred tax assets. Therefore, we have recorded a valuation allowance against our deferred tax assets. An increase or decrease in the valuation allowance that results from a change in circumstances, and which causes a change in our judgment about the realizability of the related deferred tax assets, is included in the current tax provision.

As of December 31, 2011 and 2010, we had net deferred tax (liability) assets of $(120) and $863, after valuation allowances of $5,078 and $9,301, respectively. The decrease in the valuation allowance of $4,223 from December 31, 2010 to December 31, 2011 is primarily related to a decrease in net deferred tax assets and liabilities due to sales of property. As of December 31, 2010 and 2009, we had net deferred tax assets of $863 and $776, after valuation allowances of $9,301 and $1,299, respectively. The increase in the valuation allowance of $8,002 from December 31, 2009 to December 31, 2010 is primarily related to an increase in net deferred tax assets due to the impairment of real estate.

The components of income tax (provision) benefit for the years ended December 31, 2011, 2010 and 2009 are as follows:

	2011			2010			2009
Tax provision associated with income from operations on sold properties which is included in discontinued operations	$	(119	)	$	—		$	(384	)
Tax provision associated with gains and losses on the sale of real estate which is included in discontinued operations		(1,127	)		—			(1,462	)
Tax provision associated with gains and losses on the sale of real estate		(452	)		(342	)		(143	)
Income tax (provision) benefit		(450	)		(2,963	)		25,185
Income tax (provision) benefit	$	(2,148	)	$	(3,305	)	$	23,196

The income tax (provision) benefit pertaining to income from continuing operations and gain on sale of real estate differs from the amounts computed by applying the applicable federal statutory rate as follows:

	2011			2010			2009
Tax (provision) benefit at federal rate related to continuing operations	$	(2,162	)	$	5,141		$	8,574
State tax (provision) benefit, net of federal (provision) benefit		(521	)		(2,320	)		1,849
Non-deductible permanent items, net		(54	)		(58	)		(1,652	)
Change in valuation allowance		1,853			(6,108	)		16,269
Foreign taxes, net		(96	)		(211	)		342
Other		78			251			(340	)
Net income tax (provision) benefit	$	(902	)	$	(3,305	)	$	25,042

Michigan Tax Issue

As of December 31, 2008, we had paid approximately $1,400 (representing tax and interest for the years 1997-2000) to the State of Michigan regarding business loss carryforwards the appropriateness of which was the subject of litigation initiated by us. On December 11, 2007, the Michigan Court of Claims rendered a decision against us regarding the business loss carryforwards. Also, the court ruled against us on an alternative position involving Michigan’s Capital Acquisition Deduction. We filed an appeal to the Michigan Appeals Court in January 2008; however, as a result of the lower court’s decision, an additional approximately $800 (representing tax and interest for the year 2001) had been accrued through June 30, 2009 for both tax and financial statement purposes. On August 18, 2009, the Michigan Appeals Court issued a decision in our favor on the business loss carryforward issue. The Michigan Department of Treasury appealed the decision to the Michigan Supreme Court on September 29, 2009; however, we believed there was a very low probability that the Michigan Supreme Court would accept the case. Therefore, in September 2009 we reversed our accrual of $800 (related to the 2001 tax year) and set up a receivable of $1,400 for the amount paid in 2006 (related to the 1997-2000 tax years), resulting in an aggregate reversal of prior tax expense of approximately $2,200. On April 23, 2010, the Michigan Supreme Court reversed the decision of the Michigan Appeals Court and reinstated the decision of the Michigan Court of Claims. Based on the most recent ruling of the Michigan Supreme Court, we reversed the receivable of $1,400 and paid approximately $800, for a total of approximately $2,200 of tax expense for the year ended December 31, 2010, which is included in continuing operations.

XML

Real Estate and Accumulated Depreciation (Details 1) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Investment in Real Estate
Land	$ 654,951
Building & improvements	2,432,314
Accumulated Depreciation	(695,931)
Subtotal	2,391,334
Construction in Progress	27,785
Net Investment in Real Estate	2,419,119
Total at December 31, 2011	91,659	392,291
Amounts within net investment in real estate
Land, net Investment in real estate	638,071	554,829
Buildings & Improvements, net Investment in real estate	2,326,245	2,061,266
Less: Accumulated Depreciation	(658,729)	(509,634)
Subtotal, net Investment in real estate	2,305,587
Construction in Progress, net Investment in real estate	27,780	2,672
Net Investment in Real Estate	2,333,367	2,109,133
Assets Held-for-sale [Member]
Investment in Real Estate
Land	16,880
Building & improvements	106,069
Accumulated Depreciation	(37,202)
Subtotal	85,747
Construction in Progress	5
Net Investment in Real Estate	85,752
Leasing Commissions, Net, Deferred Leasing Intangibles, Net and Deferred Rent Receivable, Net	$ 5,907

XML

Quarterly Financial Information (Unaudited) (Details Textual) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Quarterly Financial Information (Textual) [Abstract]
Impairment of Real Estate	$ 2,387	$ (8,807)	$ 112,904	$ 5,617

XML

Document and Entity Information (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Feb. 28, 2012	Jun. 30, 2011
Document and Entity Information [Abstract]
Entity Registrant Name	FIRST INDUSTRIAL REALTY TRUST INC
Entity Central Index Key	0000921825
Document Type	10-K
Document Period End Date	Dec. 31, 2011
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 986.0
Entity Common Stock, Shares Outstanding		86,733,657

XML

Restructuring Costs

12 Months Ended

Dec. 31, 2011

Restructuring Costs [Abstract]

Restructuring Costs

11. Restructuring Costs

We committed to a plan to reduce organizational and overhead costs in October 2008 and subsequently modified that plan during 2011, 2010 and 2009 with the goal of further reducing these costs. The following summarizes our restructuring costs for each of the years ended December 31:

	2011		2010		2009
Pre-tax restructuring costs:
Employee severance and benefits*	$	—	$	525	$	5,186
Termination of certain office leases		1,200		647		1,867
Other		353		686		753
Total restructuring costs	$	1,553	$	1,858	$	7,806
Included in Accounts Payable, Accrued Expenses and Other Liabilities, Net related to severance obligations, remaining lease payments and other costs incurred but not yet paid	$	1,959	$	1,574	$	2,884

* Includes $0, $156, and $2,931, respectively, of non-cash costs which represents the accelerated recognition of restricted stock expense for certain employees for the years ended December 31, 2011, 2010 and 2009.

XML

Stock Based Compensation (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2009 Years
Performance Awards I [Member]
Fair value of the performance awards I and the performance awards II at issuance
Expected dividend yield	0.00%
Expected stock volatility, Minimum	57.18%
Expected stock volatility, Maximum	119.55%
Risk-free interest rate, Minimum	0.40%
Risk-free interest rate, Maximum	1.84%
Expected life (years), Minimum	1
Expected life (years), Maximum	4
Grant Date Fair value	$ 4.49
Performance Awards II [Member]
Fair value of the performance awards I and the performance awards II at issuance
Expected dividend yield	0.00%
Expected stock volatility, Minimum	76.29%
Expected stock volatility, Maximum	162.92%
Risk-free interest rate, Minimum	0.43%
Risk-free interest rate, Maximum	2.38%
Expected life (years), Minimum	1
Expected life (years), Maximum	4
Grant Date Fair value	$ 2.94

XML

Quarterly Financial Information (Unaudited) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Summary of quarterly financial information
Total Revenues	$ 79,677	$ 78,586	$ 79,386	$ 80,186	$ 80,127	$ 78,186	$ 80,756	$ 82,709	$ 317,835	$ 321,778	$ 384,572
Equity in (Loss) Income of Joint Ventures	73	772	99	36	950	(398)	582	(459)	980	675	(6,470)
Noncontrolling Interest Allocable to Continuing Operations	798	952	526	877	2,065	7,419	1,870	2,309	3,097	13,623	4,019
(Loss) Income from Continuing Operations, Net of Income Tax and Noncontrolling Interest	(8,727)	(10,450)	(3,260)	(6,611)	(20,973)	(81,979)	(17,308)	(21,776)
(Loss) Income from Discontinued Operations, Net of Income Tax Provision	9,349	5,947	3,692	3,105	(2,177)	(72,873)	4,069	4,544	22,093	(66,437)	24,282
Noncontrolling Interest Allocable to Discontinued Operations	(543)	(349)	(236)	(224)	176	5,664	(309)	(356)	(1,352)	5,175	(2,472)
Gain on Sale of Real Estate, Net of Income Tax Provision	0	918	0	0		(214)		731	918	517	231
Noncontrolling Interest Allocable to Gain (Loss) on Sale of Real Estate	0	(56)	0	0		17		(57)
Net (Loss) Income Attributable to First Industrial Realty Trust, Inc	79	(3,990)	196	(3,730)	(22,974)	(149,385)	(13,548)	(16,914)	(7,445)	(202,821)	5,733
Less: Preferred Dividends	(4,763)	(4,928)	(4,947)	(4,927)	(4,854)	(4,884)	(4,979)	(4,960)	(19,565)	(19,677)	(19,516)
Net Loss Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$ (4,684)	$ (8,918)	$ (4,751)	$ (8,657)	$ (27,828)	$ (154,269)	$ (18,527)	$ (21,874)	$ (27,010)	$ (222,498)	$ (13,783)
Basic and Diluted EPS:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$ (0.16)	$ (0.17)	$ (0.1)	$ (0.16)	$ (0.40)	$ (1.38)	$ (0.35)	$ (0.42)	$ (0.59)	$ (2.56)	$ (0.73)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.'s Common Stockholders	$ 0.10	$ 0.07	$ 0.04	$ 0.04	$ (0.03)	$ (1.07)	$ 0.06	$ 0.07	$ 0.26	$ (0.97)	$ 0.45
Net (Loss) Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$ (0.05)	$ (0.10)	$ (0.06)	$ (0.12)	$ (0.43)	$ (2.44)	$ (0.29)	$ (0.35)	$ (0.34)	$ (3.53)	$ (0.28)
Weighted Average Shares Outstanding	85,941	85,930	79,727	70,639	64,049	63,100	62,838	61,797	80,616	62,953	48,695

XML

Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Revenues:
Rental Income	$ 243,478	$ 242,213	$ 246,027
Tenant Recoveries and Other Income	74,357	78,696	83,588
Construction Revenues		869	54,957
Total Revenues	317,835	321,778	384,572
Expenses:
Property Expenses	108,590	108,651	111,280
General and Administrative	20,638	26,589	37,835
Restructuring Costs	1,553	1,858	7,806
Impairment of Real Estate	(8,807)	112,904	5,617
Depreciation and Other Amortization	121,604	125,298	131,871
Construction Expenses		507	52,720
Total Expenses	243,578	375,807	347,129
Other Income (Expense):
Interest Income	3,922	4,364	3,084
Interest Expense	(100,127)	(105,898)	(114,768)
Amortization of Deferred Financing Costs	(3,963)	(3,473)	(3,030)
Mark-to-Market (Loss) Gain on Interest Rate Protection Agreements	(1,718)	(1,107)	3,667
(Loss) Gain From Retirement of Debt	(5,459)	(4,304)	34,562
Foreign Currency Exchange Loss	(332)	(190)
Total Other Income (Expense)	(107,677)	(110,608)	(76,485)
Loss From Continuing Operations Before Equity in Income (Loss) of Joint Ventures, Gain on Sale of Joint Venture Interests, Gain on Change in Control of Interests and Income Tax (Provision) Benefit	(33,420)	(164,637)	(39,042)
Equity in Income (Loss) of Joint Ventures	980	675	(6,470)
Gain on Sale of Joint Venture Interests		11,226
Gain on Change in Control of Interests	689
Income Tax (Provision) Benefit	(450)	(2,963)	25,185
Loss from Continuing Operations	(32,201)	(155,699)	(20,327)
Discontinued Operations:
Income (Loss) Attributable to Discontinued Operations	2,920	(77,529)	1,922
Gain on Sale of Real Estate	20,419	11,092	24,206
Provision for Income Taxes Allocable to Discontinued Operations	(1,246)		(1,846)
Total Discontinued Operations	22,093	(66,437)	24,282
(Loss) Income Before Gain on Sale of Real Estate	(10,108)	(222,136)	3,955
Gain on Sale of Real Estate	1,370	859	374
Provision for Income Taxes Allocable to Gain on Sale of Real Estate	(452)	(342)	(143)
Net (Loss) Income	(9,190)	(221,619)	4,186
Less: Net Loss Attributable to the Noncontrolling Interest	1,745	18,798	1,547
Net (Loss) Income Attributable to First Industrial Realty Trust, Inc	(7,445)	(202,821)	5,733
Less: Preferred Dividends	(19,565)	(19,677)	(19,516)
Net Loss Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$ (27,010)	$ (222,498)	$ (13,783)
Basic and Diluted Earnings Per Share:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$ (0.59)	$ (2.56)	$ (0.73)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.'s Common Stockholders	$ 0.26	$ (0.97)	$ 0.45
Net Loss Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$ (0.34)	$ (3.53)	$ (0.28)
Distributions Per Share	$ 0.00	$ 0.00	$ 0.00
Weighted Average Shares Outstanding	80,616	62,953	48,695

XML

Investments in Joint Ventures

12 Months Ended

Dec. 31, 2011

Investments in Joint Ventures [Abstract]

Investments in Joint Ventures

5. Investments in Joint Ventures

On May 16, 2003, we entered into the 2003 Net Lease Joint Venture with an institutional investor to invest in industrial properties. We own a 15% equity interest in and provide property management services to the 2003 Net Lease Joint Venture. As of December 31, 2011, the 2003 Net Lease Joint Venture owned seven industrial properties comprising approximately 3.4 million square feet of GLA (see Note 16 for subsequent events). The 2003 Net Lease Joint Venture is considered a variable interest entity, however, we continue to conclude that we are not the primary beneficiary of this venture. As of December 31, 2011, our investment in the 2003 Net Lease Joint Venture is $1,674. Our maximum exposure to loss is currently equal to our investment balance. On May 26, 2011, we acquired the 85% equity interest in one property from the institutional investor in the 2003 Net Lease Joint Venture (see Note 4).

During December 2007, we entered into the 2007 Europe Joint Venture with an institutional investor to invest in, own, develop, redevelop and operate industrial properties. We continue to hold our 10% equity interest in the 2007 Europe Joint Venture. As of December 31, 2011, the 2007 Europe Joint Venture did not own any properties.

On August 5, 2010, we sold our interests in the 2005 Development/Repositioning Joint Venture, the 2005 Core Joint Venture, the 2006 Land/Development Joint Venture and the 2007 Canada Joint Venture to our joint venture partner generating sale proceeds of approximately $5.0 million. In connection with the sale, we wrote off our carrying value for the 2005 Development/Repositioning Joint Venture, the 2005 Core Joint Venture, the 2006 Land/Development Joint Venture and the 2007 Canada Joint Venture as well as $1,625 of unrealized loss recorded in Other Comprehensive Income (see Note 14). We recorded an $11,226 gain related to the sale, which is included in Gain on Sale of Joint Venture Interests for the year ended December 31, 2010. As a result of this sale, we no longer serve as asset manager for these ventures. Pursuant to the sale agreement, we were entitled to proceeds related to sales of certain assets (the “Sale Assets”), if the sale of such assets was consummated by a stated timeframe. Three of the Sale Assets closed between August 6, 2010 and December 31, 2010 and we earned approximately $2,700, which is included in the Gain on Sale of Joint Venture Interests for the year ended December 31, 2010. Additionally, we were entitled to earn leasing, development and disposition fees related to certain assets identified at the time of sale within the sale agreement. On June 11, 2010, we purchased an industrial property from the 2005 Development/Repositioning Joint Venture for a purchase price of $14,627.

On March 21, 2006, we entered into the 2006 Net Lease Co-Investment Program with an institutional investor to invest in industrial properties. We owned a 15% equity interest in and provided property management, asset management and leasing management services to the 2006 Net Lease Co-Investment Program. Pursuant to the buy/sell provision in the 2006 Net Lease Co-Investment Program’s governing agreement that our counterparty exercised on May 25, 2010, we sold our interest in the real estate property assets in the 2006 Net Lease Co-Investment Program to our counterparty and received $4,541 in net proceeds. In connection with the sale, we wrote off our carrying value for the 2006 Net Lease Co-Investment Program and recorded a $852 gain, which is included in Equity in Income (Loss) of Joint Ventures.

During July 2007, we entered into a management arrangement with an institutional investor to provide property management, leasing, acquisition, disposition and portfolio management services for three industrial properties (the “July 2007 Fund”). We do not own an equity interest in the July 2007 Fund, however we are entitled to incentive payments if certain economic thresholds related to the industrial properties are achieved. Effective September 2, 2009, we ceased to provide any services for two of the industrial properties in the July 2007 Fund. We received a one-time fee of approximately $866 in 2009 from the termination of the management agreement. Effective May 24, 2010, we ceased to provide any services to the remaining industrial property in the July 2007 Fund.

At December 31, 2011 and 2010, we have receivables from the Joint Ventures (and/or our former Joint Venture partners) in the aggregate amount of $137 and $2,857, respectively. These receivable amounts are included in Prepaid Expenses and Other Assets, Net. During the years ended December 31, 2011, 2010 and 2009, we recognized fees of $970, $4,952 and $11,174, respectively, from our Joint Ventures.

The combined summarized financial information of the investments in Joint Ventures is as follows:

	December 31, 2011			December 31, 2010
Condensed Combined Balance Sheets
Gross Real Estate Investment	$	155,555		$	210,567
Less: Accumulated Depreciation		(41,342	)		(47,286	)
Net Real Estate		114,213			163,281
Other Assets		23,364			33,351
Total Assets	$	137,577		$	196,632
Debt	$	112,261		$	157,431
Other Liabilities		5,779			10,849
Equity		19,537			28,352
Total Liabilities and Equity	$	137,577		$	196,632
Company’s share of Equity	$	3,029		$	4,344
Basis Differentials(1)		(1,564	)		(2,089	)
Carrying Value of the Company’s investments in Joint Ventures	$	1,465		$	2,255

(1) This amount represents the aggregate difference between our historical cost basis and the basis reflected at the joint venture level. Basis differentials are primarily comprised of impairments we recorded to reduce certain of our investments in the 2003 Net Lease Joint Venture to fair value and certain deferred fees which are not reflected at the joint venture level.

	Year Ended December 31,
	2011		2010			2009
Condensed Combined Statements of Operations
Total Revenues	$	16,799	$	55,894		$	85,426
Expenses:
Operating and Other		3,114		23,862			41,359
Interest		7,791		28,622			39,749
Depreciation and Amortization		7,312		27,202			47,487
Impairment of Real Estate		—		3,268			150,804
Total Expenses		18,217		82,954			279,399
Income from Discontinued Operations (Including Gain on Sale of Real Estate of $3,137, $2,761 and $1,177 for the years ended December 31, 2011, 2010 and 2009, respectively)		2,674		1,942			1,799
Gain on Sale of Real Estate		—		808			8,603
Net Income (Loss)	$	1,256	$	(24,310	)	$	(183,571	)
Company’s Share of Net Income (Loss)	$	980	$	675		$	(1,276	)
Impairment on the Company’s Investments in Joint Ventures		—		—			(5,194	)
Equity in Income (Loss) of Joint Ventures	$	980	$	675		$	(6,470	)

XML

Investment in Real Estate

12 Months Ended

Dec. 31, 2011

Investment in Real Estate [Abstract]

Investment in Real Estate

4. Investment in Real Estate

Acquisitions

In 2009, we acquired one land parcel. The purchase price of the land parcel was approximately $208, excluding costs incurred in conjunction with the acquisition of the land parcel. We also substantially completed the development of two industrial properties comprising approximately 1.1 million square feet of GLA at a cost of approximately $41,258. We reclassed the costs of the substantially completed developments from construction in progress to building, tenant improvements and leasing commissions.

In 2010, we acquired three industrial properties comprising, in the aggregate, approximately 0.5 million square feet of GLA, including one industrial property purchased from the 2005 Development/Repositioning Joint Venture (see Note 5). The purchase price of these acquisitions totaled approximately $22,408 excluding costs incurred in conjunction with the acquisition of the industrial properties.

In 2011, we acquired one industrial property comprising approximately 0.7 million square feet of GLA in connection with the purchase of the 85% equity interest in one property from the institutional investor in the 2003 Net Lease Joint Venture (see Note 5). The gross agreed-upon fair value for the real estate was $30,625, excluding costs incurred in conjunction with the acquisition of the industrial property. The acquisition was funded through the assumption of a mortgage loan, whose carrying value approximated fair market value, in the amount of $24,417 and a cash payment of $5,277 (85% of the net fair value of the acquisition). We accounted for this transaction as a step acquisition utilizing the purchase method of accounting. Due to the change in control that occurred, we recorded a gain of approximately $689 related to the difference between our carrying value and fair value of our equity interest on the acquisition date.

Intangible Assets Subject To Amortization in the Period of Acquisition

The fair value at the date of acquisition of in-place leases, above market leases and tenant relationships recorded due to real estate properties acquired for the years ended December 31, 2011 and 2010, which is recorded as deferred leasing intangibles, is as follows:

	Year Ended December 31, 2011		Year Ended December 31, 2010
In-Place Leases	$	2,511	$	1,782
Above Market Leases	$	2,883	$	239
Tenant Relationships	$	1,553	$	1,881

The weighted average life in months of in-place leases, above market leases and tenant relationships recorded at the time of acquisition at the time of acquisition as a result of the real estate properties acquired for the years ended December 31, 2011 and 2010 is as follows:

	Year Ended December 31, 2011		Year Ended December 31, 2010
In-Place Leases		56		100
Above Market Leases		56		88
Tenant Relationships		116		165

Sales and Discontinued Operations

In 2009, we sold 15 industrial properties comprising approximately 1.9 million square feet of GLA and several land parcels. Gross proceeds from the sales of the 15 industrial properties and several land parcels were approximately $100,194. The gain on sale of real estate was approximately $24,580, of which $24,206 is shown in discontinued operations. The 15 sold industrial properties meet the criteria to be included in discontinued operations. Therefore the results of operations and gain on sale of real estate for the 15 sold industrial properties are included in discontinued operations. The results of operations and gain on sale of real estate for the several land parcels that do not meet the criteria to be included in discontinued operations are included in continuing operations.

In 2010, we sold 13 industrial properties comprising approximately 1.1 million square feet of GLA and several land parcels. Gross proceeds from the sales of the 13 industrial properties and several land parcels were approximately $71,019. The gain on sale of real estate was approximately $11,951, of which $11,092 is shown in discontinued operations. The 13 sold industrial properties and one land parcel that received ground rental revenues meet the criteria to be included in discontinued operations. Therefore the results of operations and gain on sale of real estate for the 13 sold industrial properties and one land parcel that received ground rental revenues are included in discontinued operations. The results of operations and gain on sale of real estate for the several land parcels that do not meet the criteria to be included in discontinued operations are included in continuing operations.

In 2011, we sold 36 industrial properties comprising approximately 2.9 million square feet of GLA and one land parcel. Gross proceeds from the sales of the 36 industrial properties and one land parcel were approximately $86,643. Included in the 36 industrial properties sold is one industrial property totaling approximately 0.4 million square feet of GLA that we transferred title to a lender in satisfaction of a non-recourse mortgage loan (See Note 6). The gain on sale of real estate was approximately $21,789, of which $20,419 is shown in discontinued operations. The 36 sold industrial properties meet the criteria to be included in discontinued operations. Therefore the results of operations and gain on sale of real estate for the 36 sold industrial properties are included in discontinued operations. The results of operations and gain on sale of real estate for the one land parcel that does not meet the criteria to be included in discontinued operations are included in continuing operations.

At December 31, 2011, we had 46 industrial properties comprising approximately 4.8 million square feet of GLA held for sale. The results of operations of the 46 industrial properties held for sale at December 31, 2011 are included in discontinued operations. There can be no assurance that such industrial properties held for sale will be sold.

The following table discloses certain information for the years ended December 31, 2011, 2010 and 2009 regarding the industrial properties included in our discontinued operations.

	Year Ended December 31,
	2011			2010			2009
Total Revenues	$	19,932		$	27,481		$	36,850
Property Expenses		(8,658	)		(11,821	)		(14,966	)
Impairment of Real Estate		(6,146	)		(81,648	)		(1,317	)
Depreciation and Amortization		(2,145	)		(11,273	)		(17,992	)
Interest Expense		(63	)		(268	)		(653	)
Gain on Sale of Real Estate		20,419			11,092			24,206
Provision for Income Taxes		(1,246	)		—			(1,846	)
Income (Loss) from Discontinued Operations	$	22,093		$	(66,437	)	$	24,282

At December 31, 2011 and 2010, we had notes receivable outstanding of approximately $55,502 and $58,803, net of a discount of $319 and $383, respectively, which are included as a component of Prepaid Expenses and Other Assets, Net. At December 31, 2011 and 2010, the fair value of the notes receivable was $58,734 and $60,944, respectively. The fair value of our notes receivable was determined by discounting the future cash flows using current rates at which similar loans with similar remaining maturities would be made to other borrowers. The current market rates we utilized were internally estimated; therefore, we have concluded that our determination of fair value of our notes receivable was primarily based upon Level 3 inputs, as defined below.

Impairment Charges

On October 22, 2010, we amended our existing revolving credit facility (See Note 6). In conjunction with the amendment, management identified a pool of real estate assets (the “Non-Strategic Assets”) that it intended to sell. The Non-Strategic Assets originally consisted of 195 industrial properties comprising approximately 16.4 million square feet of GLA and land parcels comprising approximately 724 gross acres. At the time of the amendment, management reassessed the holding period for the Non-Strategic Assets and determined that certain of the industrial properties were impaired, and as such, the Company recorded an aggregate impairment charge of $185,397 for the year ended December 31, 2010.

At December 31, 2011, the Non-Strategic Assets consisted of 133 industrial properties comprising approximately 11.3 million square feet of GLA and land parcels comprising approximately 359 gross acres. Forty-six industrial properties comprising approximately 4.8 million square feet of GLA and land parcels comprising approximately 61 acres of the Non-Strategic Assets were classified as held for sale as of December 31, 2011. The net impairment charges for assets that qualify to be classified as held for sale at December 31, 2011 were calculated as the difference of the carrying value of the properties and land parcels over the fair value less costs to sell. The net impairment charges recorded during year ended December 31, 2011 are due to updated fair market values for certain of the Non-Strategic Assets whose estimated fair market values have changed since December 31, 2010. On the date an asset no longer qualifies to be classified as held for sale, the carrying value must be reestablished at the lower of the estimated fair market value of the asset or the carrying value of the asset prior to held for sale classification, adjusted for any depreciation and amortization that would have been recorded if the asset had not been classified as held for sale. Impairment has been reversed and/or catch-up depreciation and amortization has been recorded during year ended December 31, 2011, if applicable, for these assets that are no longer classified as held for sale.

In addition to the impairment recorded related to the Non-Strategic Assets, during the three months ended March 31, 2010, we recorded an impairment charge in the amount of $9,155 related to a property comprised of 0.3 million square feet of GLA located in Grand Rapids, Michigan (“Grand Rapids Property”) in connection with the negotiation of a new lease. During the year ended December 31, 2009, we recorded an impairment charge of $6,934 related to a property comprised of 0.2 million square feet of GLA located in the Inland Empire (“Inland Empire Property”) due to adverse conditions in the credit and real estate markets. The non-cash impairment charges related to the Grand Rapids Property and the Inland Empire Property were based upon the difference between the fair value of the properties and their carrying value.

During the years ended December 31, 2011, 2010 and 2009, we recorded the following net non-cash impairment charges:

	Year Ended December  31, 2011			Year Ended December  31, 2010			Year Ended December  31, 2009
Operating Properties—Held for Sale and Sold Assets	$	(6,146	)	$	(81,648	)	$	(1,317	)
Impairment—Discontinued Operations	$	(6,146	)	$	(81,648	)	$	(1,317	)
Land Parcels—Held for Sale and Sold Assets	$	5,879		$	(8,275	)	$	—
Operating Properties—Held for Use		1,687			(90,204	)		(5,617	)
Land Parcels—Held for Use		1,241			(14,425	)		—
Impairment—Continuing Operations	$	8,807		$	(112,904	)	$	(5,617	)
Total Net Impairment	$	2,661		$	(194,552	)	$	(6,934	)

The guidance for the fair value measurement provisions for the impairment of long lived assets recorded at fair value establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets for identical assets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The fair market values were determined using widely accepted valuation techniques including discounted cash flow analyses on expected cash flows, internal valuations of real estate and third party offers.

For operational real estate assets, the most significant assumptions used in the discounted cash flow analyses included the discount rate, projected occupancy levels, rental rates and capital expenditures, and the future exit capitalization rate. For the valuation of land parcels, we reviewed recent comparable sales transactions, to the extent available, or if not available, we considered older comparable transactions, adjusted upward or downward to reflect management’s assumptions about current market conditions. In all cases, members of our management team that were responsible for the individual markets where the land parcels were located determined the internal valuations. Valuations based on third party offers include bona fide contract prices and letter of intent amounts, that we believe are indicative of fair value.

The following tables present information about our assets that were measured at fair value on a non-recurring basis during the years ended December 31, 2011 and 2010. The tables indicate the fair value hierarchy of the valuation techniques we utilized to determine fair value.

			Fair Value Measurements on a Non-Recurring Basis Using:
Description	Year Ended December 31, 2011		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total Impairment
Long-lived Assets Held for Sale*	$	52,057		—		—	$	52,057	$	(6,121	)
Long-lived Assets Held and Used*	$	22,090		—		—	$	22,090		(896	)
									$	(7,017	)

			Fair Value Measurements on a Non-Recurring Basis Using:
Description	Year Ended December  31, 2010		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total Impairment
Long-lived Assets Held for Sale	$	288,369		—		—	$	288,369	$	(193,226	)
Long-lived Assets Held and Used	$	3,905		—		—	$	3,905		(1,326	)
									$	(194,552	)

* Excludes industrial properties and land parcels for which an impairment reversal of $9,678 was recorded during the year ended December 31, 2011, since the related assets are recorded at carrying value, which is lower than estimated fair value at December 31, 2011.

XML

Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events [Abstract]

Subsequent Events

16. Subsequent Events

From January 1, 2012 to February 28, 2012, we acquired one industrial property comprising approximately 0.4 million square feet of GLA in connection with the purchase of the 85% equity interest in one property from the institutional investor in the 2003 Net Lease Joint Venture. The acquisition was funded through the assumption of a mortgage loan in the amount of $12,026, which was subsequently paid off at closing and a cash payment of $8,324. We will account for this transaction as a step acquisition utilizing the purchase method of accounting. There were no industrial properties sold during this time.

From January 1, 2012 to February 28, 2012, we repurchased and retired $430 of our senior unsecured notes maturing in 2028 for a payment of $406.

XML

Future Rental Revenues

12 Months Ended

Dec. 31, 2011

Future Rental Revenues [Abstract]

Future Rental Revenues

12. Future Rental Revenues

Our properties are leased to tenants under net and semi-net operating leases. Minimum lease payments receivable, excluding tenant reimbursements of expenses, under non-cancelable operating leases in effect as of December 31, 2011 are approximately as follows:

2012	$	239,347
2013		196,288
2014		157,012
2015		125,439
2016		94,840
Thereafter		326,295
Total	$	1,139,221

XML

Derivatives (Details 2) (Series F Preferred Stock [Member], USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Fair value liabilities measured on recurring basis
Fair Value of Liabilities	$ (1,667)	$ (523)
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair value liabilities measured on recurring basis
Fair Value of Liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair value liabilities measured on recurring basis
Fair Value of Liabilities	0	0
Fair Value, Measurements, Recurring [Member] | Unobservable Inputs (Level 3) [Member]
Fair value liabilities measured on recurring basis
Fair Value of Liabilities	$ (1,667)	$ (523)

XML

Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2011

Supplemental Information to Statements of Cash Flows [Abstract]

Supplemental Information to Statements of Cash Flows

8. Supplemental Information to Statements of Cash Flows

Supplemental disclosure of cash flow information:

	Year Ended December 31, 2011			Year Ended December 31, 2010			Year Ended December 31, 2009
Interest paid, net of capitalized interest	$	100,375		$	105,276		$	115,990
Capitalized Interest	$	437		$	—		$	281
Income Taxes Paid (Refunded)	$	1,876		$	3,663		$	(54,173	)
Supplemental schedule of noncash investing and financing activities:
Distribution payable on preferred stock	$	4,763		$	452		$	452
Exchange of units for common stock:
Noncontrolling interest	$	(1,109	)	$	(316	)	$	(7,817	)
Common stock		1			1			4
Additional paid-in-capital		1,108			315			7,813
	$	—		$	—		$	—
Property Transfer to Lender in Satisfaction of Non-Recourse Mortgage Loan:
Net Investment of Real Estate	$	(3,200	)	$	—		$	—
Prepaid Expenses and Other Assets, Net		(1,987	)		—			—
Mortgage Loan Payable, Net		5,040			—			—
Loss from Retirement of Debt	$	(147	)	$	—		$	—
Mortgage loan payable assumed in conjunction with a property acquisition	$	(24,417	)	$	—		$	—
Notes receivable issued in conjunction with certain property sales	$	7,029		$	168		$	20,645
Write-off of fully depreciated assets	$	(58,357	)	$	(59,485	)	$	(55,089	)

XML

Indebtedness (Details 5) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Fair value of indebtedness
Mortgage and Other Loans Payable, including mortgages Held for Sale (Carrying Amount)	$ 690,256	$ 487,063
Mortgage and Other Loans Payable, including mortgages Held for Sale (Fair Value)	743,419	548,696
Senior Unsecured Debt (Carrying Amount)	640,227	879,529
Senior Unsecured Debt (Fair Value)	630,622	851,771
Unsecured Credit Facility (Carrying Amount)	149,000	376,184
Unsecured Credit Facility (Fair Value)	149,000	376,184
Total (Carrying Amount)	1,479,483	1,742,776
Total ((Fair Value)	$ 1,523,041	$ 1,776,651

XML

Indebtedness

12 Months Ended

Dec. 31, 2011

Indebtedness [Abstract]

Indebtedness

6. Indebtedness

The following table discloses certain information regarding our indebtedness:

	Outstanding Balance at						Interest Rate at December 31, 2011	Effective Interest Rate at Issuance	Maturity Date
	December 31, 2011			December 31, 2010
Mortgage and Other Loans Payable, Net*	$	690,256		$	486,055		4.45% – 9.25%	4.45% – 9.25%	January 2013 – October 2021
Unamortized Premiums*		(305	)		(358	)
Mortgage and Other Loans Payable, Gross*	$	689,951		$	485,697
Senior Unsecured Notes, Net
2016 Notes	$	159,455		$	159,899		5.750%	5.91%	01/15/16
2017 Notes		59,600			87,195		7.500%	7.52%	12/01/17
2027 Notes		6,065			13,559		7.150%	7.11%	05/15/27
2028 Notes		124,894			189,869		7.600%	8.13%	07/15/28
2012 Notes		61,817			61,774		6.875%	6.85%	04/15/12
2032 Notes		34,683			34,667		7.750%	7.87%	04/15/32
2014 Notes		86,997			86,792		6.420%	6.54%	06/01/14
2011 Exchangeable Notes		—			128,137		N/A	N/A	09/15/11
2017 II Notes		106,716			117,637		5.950%	6.37%	05/15/17
Subtotal	$	640,227		$	879,529
Unamortized Discounts		4,625			6,980
Senior Unsecured Notes, Gross	$	644,852		$	886,509
Unsecured Credit Facility	$	149,000		$	376,184		2.385%	2.385%	12/12/14

* Excludes $1,008 of Mortgage Loan Payable on Real Estate Held for Sale which is net of $48 of unamortized premiums as of December 31, 2010.

Mortgage and Other Loans Payable, Net

During the year ended December 31, 2011, we originated or assumed the following mortgage loans:

Mortgage Financing	Loan Principal		Interest Rate			Origination/Assumption Date	Maturity Date	Amortization Period		Number of Industrial Properties Collateralizing Mortgage		GLA (In millions)		Property Carrying Value at December 31, 2011
I - VIII	$	178,300		4.45	%	May 2, 2011	June 2018		30-year		32		5.9	$	206,291
IX		24,417		5.579	%	May 26, 2011	February 2016		30-year		1		0.7		28,991
X-XX		77,600		4.85	%	September 23, 2011	October 2021		30-year		24		2.3		84,403
	$	280,317												$	319,685

For Mortgage Financings I through VIII and Mortgage Financings X through XX, principal prepayments are prohibited for 12 months after loan origination, after which prepayment premiums are calculated at the greater of yield maintenance or 1% of the outstanding balance. For Mortgage Financing IX, principal prepayments are prohibited until three months prior to maturity, but defeasance is allowed subject to certain conditions.

During the year ended December 31, 2011, we paid off and retired prior to maturity the following mortgage loans:

Loan Principal Paid Off	Interest Rate			Payoff Date	Maturity Date	(Loss) Gain on Retirement  of Debt
$14,520		6.75	%	February 10, 2011	September 2012	$	(213	)
18,662		7.50	%	March 9, 2011	December 2014		(813	)
27,389		7.50	%	April 1, 2011	October 2014		(1,104	)
2,091		7.54	%	November 30, 2011	January 2012		2
$62,662						$	(2,128	)

On September 20, 2011, we transferred title to a property totaling approximately 0.4 million square feet of GLA and an escrow balance in the amount of $1,845 to a lender in satisfaction of a $5,040 non-recourse mortgage loan. We recognized a $147 loss related to the transaction, which is included in loss on retirement of debt for the year ended December 31, 2011.

On April 30, 2010, we prepaid and retired our secured mortgage debt maturing in September 2024 in the amount of $1,654, excluding a prepayment fee of $17, which is included in Loss from Retirement of Debt.

On December 1, 2010, we paid off and retired our secured mortgage debt maturing in December 2010 in the amount of $12,970.

As of December 31, 2011, mortgage and other loans payable are collateralized by, and in some instances cross-collateralized by, industrial properties with a net carrying value of $889,722 and one letter of credit in the amount of $537. We believe the Operating Partnership and the Company were in compliance with all covenants relating to mortgage loans payable as of December 31, 2011.

Senior Unsecured Notes, Net

During the years ended December 31, 2011 and December 31, 2010, we repurchased and retired the following senior unsecured notes prior to maturity:

	Principal Amount Repurchased				Purchase Price
	For the Year Ended December 31, 2011		For the Year Ended December 31, 2010		For the Year Ended December 31, 2011		For the Year Ended December 31, 2010
2011 Notes	$	—	$	143,498	$	—	$	147,723
2011 Exchangeable Notes		—		18,000		—		17,936
2012 Notes		—		82,236		—		82,235
2014 Notes		1,144		21,062		1,143		17,964
2016 Notes		500		—		475		—
2017 Notes		27,619		—		27,506		—
2017 II Notes		10,969		—		10,182		—
2027 Notes		7,500		—		7,500		—
2028 Notes		65,025		—		63,861		—
	$	112,757	$	264,796	$	110,667	$	265,858

In connection with these repurchases prior to maturity, we recognized $2,012 and $4,096 as loss from retirement of debt for the years ended December 31, 2011 and December 31, 2010, respectively, which is the difference between the repurchase price of $110,667 and $265,858, respectively, and the principal amount retired of $112,757 and $264,796, respectively, net of the pro rata write off of the unamortized debt issue discount, the unamortized loan fees, the unamortized settlement amount of the interest rate protection agreements and the professional services fees related to the repurchases of $135, $717, $3,250 and $0, respectively, and $1,707, $519, $(183) and $991 respectively.

On September 15, 2011, we paid off and retired our 2011 Exchangeable Notes, at maturity, in the amount of $128,900.

The indentures governing our senior unsecured notes contain certain covenants, including limitations on incurrence of debt and debt service coverage. We believe the Operating Partnership and the Company were in compliance with all covenants relating to senior unsecured debt as of December 31, 2011. However, these financial covenants are complex and there can be no assurance that these provisions would not be interpreted by our noteholders in a manner that could impose and cause us to incur material costs.

Unsecured Credit Facility

We have maintained an unsecured credit facility since 1997. Effective October 22, 2010, we amended our existing revolving credit facility to provide for a $200,000 term loan and a $200,000 revolving line of credit (together the “Old Credit Facility”). The Old Credit Facility was to mature on September 28, 2012. In connection with the amendment of the Old Credit Facility, we wrote off $191 of unamortized deferred financing costs associated with the decreased capacity of the agreement, which is included in Loss from Retirement of Debt for the year ended December 31, 2010. During June 2011, we made a permanent repayment of $100,000 on the term loan of our Old Credit Facility.

During December 2011, we entered into a new $450,000 unsecured revolving credit agreement (the “Unsecured Credit Facility”) which replaced the Old Credit Facility. We may request that the borrowing capacity under the Unsecured Credit Facility be increased to $500,000, subject to certain restrictions. We wrote off $1,172 of unamortized deferred financing costs reflected in Loss from Retirement of Debt for the year ended December 31, 2011 related to the Old Credit Facility. The Unsecured Credit Facility provides for interest only payments initially at LIBOR plus 210 basis points or at a base rate plus 210 basis points, at our election, based on our leverage ratio. The Unsecured Credit Facility matures on December 12, 2014, unless extended an additional one year at our election, subject to certain conditions. At December 31, 2011, borrowings under the Unsecured Credit Facility bore interest at a weighted average interest rate of 2.385%.

The Unsecured Credit Facility contains certain covenants, including limitations on incurrence of debt and debt service coverage. Under the Unsecured Credit Facility, an event of default can also 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 agreement. We believe that we were in compliance with all covenants relating to the Unsecured Credit Facility as of December 31, 2011. However, these financial covenants are complex and there can be no assurance that these provisions would not be interpreted by our lenders in a manner that could impose and cause us to incur material costs.

The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years ending December 31, and thereafter:

	Amount
2012	$	74,518
2013		13,164
2014		305,063
2015		62,088
2016		293,467
Thereafter		735,503
Total	$	1,483,803

Fair Value

At December 31, 2011 and 2010, the fair value of our indebtedness was as follows:

	December 31, 2011				December 31, 2010
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Mortgage and Other Loans Payable, including mortgages Held for Sale	$	690,256	$	743,419	$	487,063	$	548,696
Senior Unsecured Debt		640,227		630,622		879,529		851,771
Unsecured Credit Facility		149,000		149,000		376,184		376,184
Total	$	1,479,483	$	1,523,041	$	1,742,776	$	1,776,651

The fair values of our mortgage loans payable and other loans payable were determined by discounting the future cash flows using the current rates at which similar loans would be made based upon similar leverage levels and similar remaining maturities. The current market rates we utilized were internally estimated; therefore, we have concluded that our determination of fair value for our mortgage and other loans payable was primarily based upon Level 3 inputs. The fair value of the senior unsecured notes was determined by quoted market prices (Level 1) or, for certain senior unsecured notes that are thinly traded, were based upon transactions for senior unsecured notes with comparable maturities (Level 2). The fair value of the Unsecured Credit Facility 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. The current market rate utilized for our Unsecured Credit Facility was internally estimated; therefore, we have concluded that our determination of fair value was primarily based upon Level 3 inputs.

XML

Stockholders' Equity

12 Months Ended

Dec. 31, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

7. Stockholders’ Equity

Preferred Stock

On May 27, 2004, we issued 50,000 Depositary Shares, each representing 1/100th of a share of our 6.236%, $0.01 par value, Series F Flexible Cumulative Redeemable Preferred Stock (the “Series F Preferred Stock”), at an initial offering price of $1,000.00 per Depositary Share. Dividends on the Series F Preferred Stock are cumulative from the date of initial issuance and are payable quarterly in arrears. The coupon rate of our Series F Preferred Stock resets every quarter at 2.375% plus the greater of (i) the 30 year Treasury CMT Rate, (ii) the 10 year Treasury CMT Rate or (iii) 3-month LIBOR. For the fourth quarter of 2011, the coupon rate was 5.365%. With respect to the payment of dividends and amounts upon liquidation, dissolution or winding up, the Series F Preferred Stock ranks senior to payments on our Common Stock and pari passu with our Series G Preferred Stock (hereinafter defined), Series J Preferred Stock (hereinafter defined) and Series K Preferred Stock (hereinafter defined). In October 2008, we entered into an interest rate swap agreement to mitigate our exposure to floating interest rates related to the forecasted reset rate of the coupon rate of our Series F Preferred Stock (see Note 14 for further information on the agreement).

On May 27, 2004, we issued 25,000 Depositary Shares, each representing 1/100th of a share of our 7.236%, $0.01 par value, Series G Flexible Cumulative Redeemable Preferred Stock (the “Series G Preferred Stock”), at an initial offering price of $1,000.00 per Depositary Share. Dividends on the Series G Preferred Stock are cumulative from the date of initial issuance and are payable semi-annually in arrears for the period from the date of original issuance of the Series G Preferred Stock through March 31, 2014 (the “Series G Initial Fixed Rate Period”), commencing on September 30, 2004, at a rate of 7.236% per annum of the liquidation preference (the “Series G Initial Distribution Rate”) (equivalent to $72.36 per Depositary Share). On or after March 31, 2014, the Series G Initial Distribution Rate is subject to reset, at our option, subject to certain conditions and parameters, at fixed or floating rates and periods. Fixed rates and periods will be determined through a remarketing procedure. Floating rates during floating rate periods will equal 2.500% (the initial credit spread), plus the greater of (i) the 3-month LIBOR, (ii) the 10 year Treasury CMT Rate, and (iii) the 30 year Treasury CMT Rate, reset quarterly. Dividends on the Series G Preferred Stock are payable semi-annually in arrears for fixed rate periods subsequent to the Series G Initial Fixed Rate Period and quarterly in arrears for floating rate periods. With respect to the payment of dividends and amounts upon liquidation, dissolution or winding up, the Series G Preferred Stock ranks senior to payments on our Common Stock and pari passu with our Series F Preferred Stock, Series J Preferred Stock (hereinafter defined) and Series K Preferred Stock (hereinafter defined).

On January 13, 2006, we issued 6,000,000 Depositary Shares, each representing 1/10,000th of a share of our 7.25%, $.01 par value, Series J Cumulative Redeemable Preferred Stock (the “Series J Preferred Stock”), at an initial offering price of $25.00 per Depositary Share. The Series J Preferred Stock is redeemable in whole or in part, at our option, at a cash redemption price of $25.00 per depositary share. Dividends on the Series J Preferred Stock, represented by the Depositary Shares, are cumulative from the date of initial issuance and are payable quarterly in arrears. However, during any period that both (i) the depositary shares are not listed on the NYSE or AMEX, or quoted on NASDAQ, and (ii) we are not subject to the reporting requirements of the Exchange Act, but the preferred shares are outstanding, we will increase the dividend on the preferred shares to a rate of 8.25% of the liquidation preference per year. With respect to the payment of dividends and amounts upon liquidation, dissolution or winding up, the Series J Preferred Stock ranks senior to payments on our Common Stock and pari passu with our Series F Preferred Stock, Series G Preferred Stock and Series K Preferred Stock (hereinafter defined).

On August 21, 2006, we issued 2,000,000 Depositary Shares, each representing 1/10,000th of a share of our 7.25%, $.01 par value, Series K Flexible Cumulative Redeemable Preferred Stock (the “Series K Preferred Stock”), at an initial offering price of $25.00 per Depositary Share. The Series K Preferred Stock is redeemable in whole or in part, at our option, at a cash redemption price of $25.00 per depositary share. Dividends on the Series K Preferred Stock, represented by the Depositary Shares, are cumulative from the date of initial issuance and are payable quarterly in arrears. With respect to the payment of dividends and amounts upon liquidation, dissolution or winding up, the Series K Preferred Stock ranks senior to payments on our Common Stock and pari passu with our Series F Preferred Stock, Series G Preferred Stock and Series J Preferred Stock.

All series of preferred stock have no stated maturity (although we may redeem all such preferred stock on or following their optional redemption dates at our option, in whole or in part).

Shares of Common Stock

For the years ended December 31, 2011, 2010 and 2009, 125,784, 27,586, and 415,466 shares of common stock, respectively, were converted from an equivalent number of units of limited partnership interests in the Operating Partnership (“Units”), resulting in a reclassification of $1,109, $316 and $7,817, respectively, of Noncontrolling Interest to First Industrial Realty Trust Inc.’s Stockholders’ Equity.

On May 12, 2011, 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 100 million to 150 million shares.

On May 31, 2011, we announced an underwritten public offering of 8,400,000 shares of the Company’s common stock at a price of $12.15 per share to the public. Gross offering proceeds upon settlement on June 6, 2011 were $102,060 in the aggregate. Proceeds to us, net of underwriter’s discount of $1,176 and total expenses of $138, were approximately $100,746.

On March 3, 2011, we announced an underwritten public offering of 8,900,000 shares of the Company’s common stock at a price of $11.40 per share to the public. Gross offering proceeds upon settlement on March 4, 2011 were $101,460 in the aggregate. Proceeds to us, net of underwriter’s discount of $890 and total expenses of $166, were approximately $100,404.

On October 5, 2009, the Company sold in an underwritten public offering 13,635,700 shares of its common stock at a price of $5.25 per share. Gross offering proceeds from the issuance were $71,587 in the aggregate. Proceeds to the Company, net of underwriters’ discount of $3,042 and total expenses of $765, were approximately $67,780.

On February 28, 2011, we entered into distribution agreements with sales agents to sell up to 10,000,000 shares of the Company’s common stock, for up to $100,000 aggregate gross sale proceeds, from time to time in “at-the-market” offerings (the “ATM”). During the year ended December 31, 2011, we issued 115,856 shares of the Company’s common stock under the ATM resulting in proceeds to us of approximately $1,391, net of $28 paid to the sales agent. Under the terms of the ATM, sales are to be made primarily in transactions that are deemed to be “at-the-market” offerings, including sales made directly on the New York Stock Exchange or sales made through a market maker other than on an exchange or by privately negotiated transactions.

On May 4, 2010, we entered into distribution agreements with sales agents to sell up to 10,000,000 shares of the Company’s common stock from time to time in “at-the-market” offerings (the “Original ATM”). During the year ended December 31, 2010, we issued 5,469,767 shares of the Company’s common stock under the Original ATM for approximately $44,117, net of $900 paid to the sales agent. Under the terms of the Original ATM, sales were made primarily in transactions that were deemed to be “at-the-market” offerings, including sales made directly on the New York Stock Exchange or sales made through a market maker other than on an exchange or by privately negotiated transactions. On December 31, 2010, we concluded the Original ATM as a result of the expiration of the distribution agreements with our sales agents.

On August 8, 2008, the Company’s Dividend Reinvestment and Direct Stock Purchase Plan (“DRIP”) became effective. Under the terms of the DRIP, stockholders who participate may reinvest all or part of their dividends in additional common stock of the Company at a discount from the market price, at our discretion, when the shares are issued and sold directly by us from authorized but unissued shares of the Company’s common stock. Stockholders and non-stockholders may also purchase additional shares at a discounted price, at our discretion, when the shares are issued and sold directly by us from authorized but unissued shares of the Company’s common stock, by making optional cash payments, subject to certain dollar thresholds. During the year ended December 31, 2011, we did not issue any shares of the Company’s common stock under the direct stock purchase component of the DRIP. During the year ended December 31, 2010, we issued 875,402 shares of the Company’s common stock under the direct stock purchase component of the DRIP for approximately $5,970. During the year ended December 31, 2009, the Company issued 3,034,120 shares under the direct stock purchase component of the DRIP for $15,920.

During the years ended December 31, 2010 and 2009, we awarded 23,567 and 50,445 shares, respectively, of common stock to certain directors. The common stock shares had a fair value of approximately $128 and $240, respectively, upon issuance.

The following table is a roll-forward of our shares of common stock outstanding, including unvested restricted shares of common stock (see Note 13), for the three years ended December 31, 2011:

	Shares of Common Stock Outstanding
Balance at December 31, 2008		44,652,182
Issuance of Common Stock, including Issuance of Restricted Stock Units		16,874,884
Issuance of Restricted Stock Shares		35,145
Repurchase and Retirement of Restricted Stock Shares		(132,463	)
Conversion of Operating Partnership Units		415,466
Balance at December 31, 2009		61,845,214
Issuance of Common Stock, including Issuance of Restricted Stock Units		6,518,736
Issuance of Restricted Stock Shares		573,198
Repurchase and Retirement of Restricted Stock Shares		(123,438	)
Conversion of Operating Partnership Units		27,586
Balance at December 31, 2010		68,841,296
Issuance of Common Stock, including Issuance of Restricted Stock Units		17,646,586
Issuance of Restricted Stock Shares		292,339
Repurchase and Retirement of Restricted Stock Shares		(98,603	)
Conversion of Operating Partnership Units		125,784
Balance at December 31, 2011		86,807,402

Dividends/Distributions

The coupon rate of our Series F Preferred Stock resets every quarter at 2.375% plus the greater of (i) the 30 year Treasury CMT Rate, (ii) the 10 year Treasury CMT Rate or (iii) 3-month LIBOR. For the fourth quarter of 2011, the new coupon rate was 5.365%. See Note 14 for additional derivative information related to the Series F Preferred Stock coupon rate reset.

The following table summarizes dividends/distributions declared for the past three years:

	Year Ended 2011				Year Ended 2010				Year Ended 2009
	Dividend/ Distribution per Share/ Unit		Total Dividend/ Distribution		Dividend/ Distribution per Share/ Unit		Total Dividend/ Distribution		Dividend/ Distribution per Share/ Unit		Total Dividend/ Distribution
Common Stock/Operating Partnership Units	$	0.0000	$	—	$	0.0000	$	—	$	0.0000	$	—
Series F Preferred Stock	$	6,510.9028	$	3,256	$	6,736.1540	$	3,368	$	6,414.5700	$	3,207
Series G Preferred Stock	$	7,236.0000	$	1,809	$	7,236.0000	$	1,809	$	7,236.0000	$	1,809
Series J Preferred Stock	$	18,125.2000	$	10,875	$	18,125.2000	$	10,875	$	18,125.2000	$	10,875
Series K Preferred Stock	$	18,125.2000	$	3,625	$	18,125.2000	$	3,625	$	18,125.2000	$	3,625

XML

Earnings Per Share (EPS)

12 Months Ended

Dec. 31, 2011

Earnings Per Share (EPS) [Abstract]

Earnings Per Share ("EPS")

9. Earnings Per Share (“EPS”)

The computation of basic and diluted EPS is presented below:

	Year Ended December 31, 2011			Year Ended December 31, 2010			Year Ended December 31, 2009
Numerator:
Loss from Continuing Operations	$	(32,201	)	$	(155,699	)	$	(20,327	)
Gain on Sale of Real Estate, Net of Income Tax Provision		918			517			231
Noncontrolling Interest Allocable to Continuing Operations		3,097			13,623			4,019
Loss from Continuing Operations Attributable to First Industrial Realty Trust, Inc.		(28,186	)		(141,559	)		(16,077	)
Preferred Stock Dividends		(19,565	)		(19,677	)		(19,516	)
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(47,751	)	$	(161,236	)	$	(35,593	)
Income (Loss) from Discontinued Operations, Net of Income Tax Provision	$	22,093		$	(66,437	)	$	24,282
Noncontrolling Interest Allocable to Discontinued Operations		(1,352	)		5,175			(2,472	)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.	$	20,741		$	(61,262	)	$	21,810
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(27,010	)	$	(222,498	)	$	(13,783	)
Denominator:
Weighted Average Shares—Basic and Diluted		80,616,000			62,952,565			48,695,317
Basic and Diluted EPS:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.59	)	$	(2.56	)	$	(0.73	)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.26		$	(0.97	)	$	0.45
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.34	)	$	(3.53	)	$	(0.28	)

Participating securities include 673,381, 662,092 and 355,645 of unvested restricted stock awards outstanding at December 31, 2011, 2010 and 2009 respectively, which participate in non-forfeitable dividends of the Company. Participating security holders are not obligated to share in losses, therefore, none of the net loss attributable to First Industrial Realty Trust, Inc. was allocated to participating securities for the years ended December 31, 2011, 2010 and 2009.

The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the years ended December 31, 2011, 2010 and 2009 as the effect of stock options and restricted unit awards (that do not participate in non-forfeitable dividends of the Company) was excluded as its inclusion would have been antidilutive to the loss from continuing operations available to First Industrial Realty Trust, Inc.’s common stockholders. The following awards were anti-dilutive and could be dilutive in future periods:

	Number of Awards Outstanding At December 31, 2011		Number of Awards Outstanding At December 31, 2010		Number of Awards Outstanding At December 31, 2009
Non-Participating Securities:
Restricted Unit Awards		731,900		1,012,800		1,218,800
Options		25,201		98,701		139,700

XML

Stockholders' Equity (Details Textual) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended								3 Months Ended	12 Months Ended			3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended			12 Months Ended			12 Months Ended			1 Months Ended								12 Months Ended								12 Months Ended			12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	May 31, 2011	Mar. 03, 2011	Oct. 05, 2009	Feb. 28, 2011 Maximum [Member]	May 04, 2010 Maximum [Member]	Dec. 31, 2011 Series F Preferred Stock [Member]	Dec. 31, 2011 Series F Preferred Stock [Member]	Dec. 31, 2010 Series F Preferred Stock [Member]	May 27, 2004 Series F Preferred Stock [Member]	Dec. 31, 2011 Series F Cumulative Preferred Stock [Member]	Dec. 31, 2011 Series G Cumulative Preferred Stock [Member]	Dec. 31, 2011 Series G Preferred Stock [Member]	Dec. 31, 2011 Series G Preferred Stock [Member]	Dec. 31, 2010 Series G Preferred Stock [Member]	May 27, 2004 Series G Preferred Stock [Member]	Dec. 31, 2011 Series J Preferred Stock [Member]	Dec. 31, 2010 Series J Preferred Stock [Member]	Jan. 13, 2006 Series J Preferred Stock [Member]	Dec. 31, 2011 Series K Preferred Stock [Member]	Dec. 31, 2010 Series K Preferred Stock [Member]	Aug. 21, 2006 Series K Preferred Stock [Member]	Jun. 30, 2011 Common Stock [Member]	Mar. 31, 2011 Common Stock [Member]	Oct. 31, 2009 Common Stock [Member]	Jun. 06, 2011 Common Stock [Member]	May 31, 2011 Common Stock [Member]	Mar. 04, 2011 Common Stock [Member]	Mar. 03, 2011 Common Stock [Member]	Oct. 05, 2009 Common Stock [Member]	Dec. 31, 2011 Convertible Common Stock [Member]	Dec. 31, 2010 Convertible Common Stock [Member]	Dec. 31, 2009 Convertible Common Stock [Member]	Dec. 31, 2011 ATM [Member]	Dec. 31, 2010 ATM [Member]	Dec. 31, 2011 ATM [Member] Common Stock [Member]	Dec. 31, 2010 ATM [Member] Common Stock [Member]	Feb. 28, 2011 ATM [Member] Common Stock [Member]	Dec. 31, 2010 DRIP [Member]	Dec. 31, 2009 DRIP [Member]	Dec. 31, 2011 DRIP [Member]	Dec. 31, 2010 DRIP [Member] Common Stock [Member]	Dec. 31, 2009 DRIP [Member] Common Stock [Member]
Stockholders' Equity (Textual) [Abstract]
Issue date of depositary shares												May 27, 2004						May 27, 2004			Jan. 13, 2006			Aug. 21, 2006
Depositary Shares issued									500	500	500	50,000			250	250	250	25,000	600	600	6,000,000	200	200	2,000,000
Part of each shares issued												0.01						0.01			0.0001			0.0001
Par value of each depository shares	$ 0.01	$ 0.01										$ 0.01						$ 0.01			$ 0.01			$ 0.01
Initial offering price per depository share												$ 1,000.00						$ 1,000.00			$ 25.00			$ 25.00
Redemption price per share																			$ 25.00			$ 25.00
Preferred stock dividend exception rate																			8.25%
Minimum fixed coupon rate of preferred stock													2.375%
Dividend equivalent to per depositary share																$ 72.36
Share percentage of per depositary share										6.236%				7.236%		7.236%			7.25%			7.25%
Floating rates during floating rate periods															2.50%
Number of years of U.S treasury rate one									30 years	30 years					30 years
Number of years of U.S treasury rate two									10 years	10 years					10 years
LIBOR rate									3-month LIBOR Rate	3-month LIBOR Rate					3-month LIBOR Rate
New coupon rate of preferred stock									5.365%	5.365%			5.365%
Shares of common stock																																	125,784	27,586	415,466
Operating Partnership Units resulted in reclassification	$ 0	$ 0	$ 0																														$ 1,109	$ 316	$ 7,817
Underwritten public offering																													8,400,000		8,900,000	13,635,700
Gross offering proceeds upon settlement																												102,060		101,460		71,587
Stock issuance costs related to underwriter																									1,176	890	3,042
Total expenses related to underwriting																									138	166	765
Net proceeds from underwriting																									100,746	100,404	67,780
Shares of Company Stock Issuable under an At-the-Market Offering							10,000,000	10,000,000
Aggregate gross sale proceeds																																								100,000
Issuance of company common stock																																				115,856	5,469,767				875,402	3,034,120	0
Proceeds from Common Stock Issuance ATM or DRIP																																				1,391	44,117				5,970	15,920
Sale agent commission																																						28	900
Shares awarded to directors																																												23,567	50,445
Common stock approx fair value																																									$ 128	$ 240
Stockholders' Equity (Additional Textual) [Abstract]
Previous common stock authorized for issuance		100,000,000
Common stock authorized for issuance	150,000,000	100,000,000
Common stock price per share				$ 12.15	$ 11.40	$ 5.25

XML

Derivatives (Details 3) (USD $) In Thousands, unless otherwise specified				12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011 Mark-to-Market on Series F Agreement [Member]	Dec. 31, 2010 Mark-to-Market on Series F Agreement [Member]
Reconciliation of liabilities classified as Level 3
Ending asset balance			$ 93
Ending liability balance	(1,667)	(523)
Unrealized losses
Mark-to-Market on Series F Agreement				(1,144)	(616)
Ending liability balance	$ (1,667)	$ (523)

XML

Earnings Per Share (EPS) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Numerator:
Loss from Continuing Operations									$ (32,201)	$ (155,699)	$ (20,327)
Gain on Sale of Real Estate, Net of Income Tax Provision	0	918	0	0		(214)		731	918	517	231
Noncontrolling Interest Allocable to Continuing Operations	798	952	526	877	2,065	7,419	1,870	2,309	3,097	13,623	4,019
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.									(28,186)	(141,559)	(16,077)
Less: Preferred Dividends	(4,763)	(4,928)	(4,947)	(4,927)	(4,854)	(4,884)	(4,979)	(4,960)	(19,565)	(19,677)	(19,516)
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.s Common Stockholders									(47,751)	(161,236)	(35,593)
(Loss) Income from Discontinued Operations, Net of Income Tax Provision	9,349	5,947	3,692	3,105	(2,177)	(72,873)	4,069	4,544	22,093	(66,437)	24,282
Noncontrolling Interest Allocable to Discontinued Operations	(543)	(349)	(236)	(224)	176	5,664	(309)	(356)	(1,352)	5,175	(2,472)
(Loss) Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.									20,741	(61,262)	21,810
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$ (4,684)	$ (8,918)	$ (4,751)	$ (8,657)	$ (27,828)	$ (154,269)	$ (18,527)	$ (21,874)	$ (27,010)	$ (222,498)	$ (13,783)
Denominator:
Weighted Average Shares Outstanding	85,941	85,930	79,727	70,639	64,049	63,100	62,838	61,797	80,616	62,953	48,695
Basic and Diluted EPS:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$ (0.16)	$ (0.17)	$ (0.1)	$ (0.16)	$ (0.40)	$ (1.38)	$ (0.35)	$ (0.42)	$ (0.59)	$ (2.56)	$ (0.73)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.'s Common Stockholders	$ 0.10	$ 0.07	$ 0.04	$ 0.04	$ (0.03)	$ (1.07)	$ 0.06	$ 0.07	$ 0.26	$ (0.97)	$ 0.45
Net (Loss) Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$ (0.05)	$ (0.10)	$ (0.06)	$ (0.12)	$ (0.43)	$ (2.44)	$ (0.29)	$ (0.35)	$ (0.34)	$ (3.53)	$ (0.28)

XML

Stockholders' Equity (Details 1) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Dividend/Distribution per Share/ Unit, common stock									$ 0.00	$ 0.00	$ 0.00
Total Dividend/Distribution, preferred stock	$ 4,763	$ 4,928	$ 4,947	$ 4,927	$ 4,854	$ 4,884	$ 4,979	$ 4,960	$ 19,565	$ 19,677	$ 19,516
Series F Preferred Stock [Member]
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Dividend/Distribution per Share/ Unit, preferred stock									$ 6,511	$ 6,736	$ 6,415
Total Dividend/Distribution, preferred stock									3,256	3,368	3,207
Series G Preferred Stock [Member]
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Dividend/Distribution per Share/ Unit, preferred stock									$ 7,236	$ 7,236	$ 7,236
Total Dividend/Distribution, preferred stock									1,809	1,809	1,809
Series J Preferred Stock [Member]
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Dividend/Distribution per Share/ Unit, preferred stock									$ 18,125	$ 18,125	$ 18,125
Total Dividend/Distribution, preferred stock									10,875	10,875	10,875
Series K Preferred Stock [Member]
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]
Dividend/Distribution per Share/ Unit, preferred stock									$ 18,125	$ 18,125	$ 18,125
Total Dividend/Distribution, preferred stock									$ 3,625	$ 3,625	$ 3,625

XML

Real Estate and Accumulated Depreciation (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Real estate and accumulated depreciation [Abstract]
Encumbrances	$ 689,895
Initial Cost of Land	687,614
Building and improvements	1,799,497
Costs capitalized subsequent to acquisition or completion and valuation provision	600,160
Land	654,951
Building and improvements	2,432,314
Total	3,087,265
Accumulated depreciation 12/31/2011	695,931
4250 River Green Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Duluth, GA
Encumbrances	0
Initial Cost of Land	264
Building and improvements	1,522
Costs capitalized subsequent to acquisition or completion and valuation provision	(67)
Land	214
Building and improvements	1,505
Total	1,719
Accumulated depreciation 12/31/2011	710
Year acquired/constructed	1994
3450 Corporate Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Duluth, GA
Encumbrances	0
Initial Cost of Land	506
Building and improvements	2,904
Costs capitalized subsequent to acquisition or completion and valuation provision	(823)
Land	284
Building and improvements	2,303
Total	2,587
Accumulated depreciation 12/31/2011	1,214
Year acquired/constructed	1994
1650 Highway 155 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	McDonough, GA
Encumbrances	0
Initial Cost of Land	788
Building and improvements	4,544
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,205)
Land	365
Building and improvements	3,762
Total	4,127
Accumulated depreciation 12/31/2011	2,073
Year acquired/constructed	1994
1665 Dogwood Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Conyers, GA
Encumbrances	0
Initial Cost of Land	635
Building and improvements	3,662
Costs capitalized subsequent to acquisition or completion and valuation provision	587
Land	635
Building and improvements	4,249
Total	4,884
Accumulated depreciation 12/31/2011	1,789
Year acquired/constructed	1994
1715 Dogwood [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Conyers, GA
Encumbrances	0
Initial Cost of Land	288
Building and improvements	1,675
Costs capitalized subsequent to acquisition or completion and valuation provision	783
Land	228
Building and improvements	2,518
Total	2,746
Accumulated depreciation 12/31/2011	893
Year acquired/constructed	1994
11235 Harland Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Covington, GA
Encumbrances	0
Initial Cost of Land	125
Building and improvements	739
Costs capitalized subsequent to acquisition or completion and valuation provision	169
Land	125
Building and improvements	908
Total	1,033
Accumulated depreciation 12/31/2011	377
Year acquired/constructed	1994
4051 Southmeadow Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Atlanta, GA
Encumbrances	0
Initial Cost of Land	726
Building and improvements	4,130
Costs capitalized subsequent to acquisition or completion and valuation provision	875
Land	726
Building and improvements	5,005
Total	5,731
Accumulated depreciation 12/31/2011	2,002
Year acquired/constructed	1994
4071 Southmeadow Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Atlanta, GA
Encumbrances	0
Initial Cost of Land	750
Building and improvements	4,460
Costs capitalized subsequent to acquisition or completion and valuation provision	1,631
Land	828
Building and improvements	6,013
Total	6,841
Accumulated depreciation 12/31/2011	2,435
Year acquired/constructed	1994
4081 Southmeadow Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Atlanta, GA
Encumbrances	0
Initial Cost of Land	1,012
Building and improvements	5,918
Costs capitalized subsequent to acquisition or completion and valuation provision	1,651
Land	1,157
Building and improvements	7,424
Total	8,581
Accumulated depreciation 12/31/2011	3,048
Year acquired/constructed	1994
5570 Tulane Dr (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Atlanta, GA
Encumbrances	2,281
Initial Cost of Land	527
Building and improvements	2,984
Costs capitalized subsequent to acquisition or completion and valuation provision	990
Land	546
Building and improvements	3,955
Total	4,501
Accumulated depreciation 12/31/2011	1,369
Year acquired/constructed	1996
955 Cobb Place [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Kennesaw, GA
Encumbrances	3,018
Initial Cost of Land	780
Building and improvements	4,420
Costs capitalized subsequent to acquisition or completion and valuation provision	754
Land	804
Building and improvements	5,150
Total	5,954
Accumulated depreciation 12/31/2011	2,010
Year acquired/constructed	1997
1005 Sigman Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Conyers, GA
Encumbrances	2,118
Initial Cost of Land	566
Building and improvements	3,134
Costs capitalized subsequent to acquisition or completion and valuation provision	433
Land	574
Building and improvements	3,559
Total	4,133
Accumulated depreciation 12/31/2011	1,034
Year acquired/constructed	1999
2050 East Park Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Conyers, GA
Encumbrances	0
Initial Cost of Land	452
Building and improvements	2,504
Costs capitalized subsequent to acquisition or completion and valuation provision	143
Land	459
Building and improvements	2,640
Total	3,099
Accumulated depreciation 12/31/2011	799
Year acquired/constructed	1999
1256 Oakbrook Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	1,243
Initial Cost of Land	336
Building and improvements	1,907
Costs capitalized subsequent to acquisition or completion and valuation provision	210
Land	339
Building and improvements	2,114
Total	2,453
Accumulated depreciation 12/31/2011	523
Year acquired/constructed	2001
1265 Oakbrook Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	1,170
Initial Cost of Land	307
Building and improvements	1,742
Costs capitalized subsequent to acquisition or completion and valuation provision	259
Land	309
Building and improvements	1,999
Total	2,308
Accumulated depreciation 12/31/2011	510
Year acquired/constructed	2001
1280 Oakbrook Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	1,211
Initial Cost of Land	281
Building and improvements	1,592
Costs capitalized subsequent to acquisition or completion and valuation provision	313
Land	283
Building and improvements	1,903
Total	2,186
Accumulated depreciation 12/31/2011	550
Year acquired/constructed	2001
1300 Oakbrook Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	1,169
Initial Cost of Land	420
Building and improvements	2,381
Costs capitalized subsequent to acquisition or completion and valuation provision	267
Land	423
Building and improvements	2,645
Total	3,068
Accumulated depreciation 12/31/2011	685
Year acquired/constructed	2001
1325 Oakbrook Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	1,349
Initial Cost of Land	332
Building and improvements	1,879
Costs capitalized subsequent to acquisition or completion and valuation provision	224
Land	334
Building and improvements	2,101
Total	2,435
Accumulated depreciation 12/31/2011	526
Year acquired/constructed	2001
1351 Oakbrook Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	0
Initial Cost of Land	370
Building and improvements	2,099
Costs capitalized subsequent to acquisition or completion and valuation provision	(992)
Land	146
Building and improvements	1,331
Total	1,477
Accumulated depreciation 12/31/2011	584
Year acquired/constructed	2001
1346 Oakbrook Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	0
Initial Cost of Land	740
Building and improvements	4,192
Costs capitalized subsequent to acquisition or completion and valuation provision	(715)
Land	352
Building and improvements	3,865
Total	4,217
Accumulated depreciation 12/31/2011	1,312
Year acquired/constructed	2001
1412 Oakbrook Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	0
Initial Cost of Land	313
Building and improvements	1,776
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,053)
Land	101
Building and improvements	935
Total	1,036
Accumulated depreciation 12/31/2011	438
Year acquired/constructed	2001
3060 South Park Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Ellenwood, GA
Encumbrances	0
Initial Cost of Land	1,600
Building and improvements	12,464
Costs capitalized subsequent to acquisition or completion and valuation provision	1,590
Land	1,604
Building and improvements	14,050
Total	15,654
Accumulated depreciation 12/31/2011	3,469
Year acquired/constructed	2003
Greenwood Industrial Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	McDonough, GA
Encumbrances	4,580
Initial Cost of Land	1,550
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	7,485
Land	1,550
Building and improvements	7,485
Total	9,035
Accumulated depreciation 12/31/2011	1,384
Year acquired/constructed	2004
46 Kent Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Cartersville GA
Encumbrances	1,779
Initial Cost of Land	794
Building and improvements	2,252
Costs capitalized subsequent to acquisition or completion and valuation provision	6
Land	798
Building and improvements	2,254
Total	3,052
Accumulated depreciation 12/31/2011	556
Year acquired/constructed	2005
100 Dorris Williams [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Villa Rica GA
Encumbrances	1,640
Initial Cost of Land	401
Building and improvements	3,754
Costs capitalized subsequent to acquisition or completion and valuation provision	(749)
Land	406
Building and improvements	3,000
Total	3,406
Accumulated depreciation 12/31/2011	548
Year acquired/constructed	2005
605 Stonehill Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Atlanta, GA
Encumbrances	1,571
Initial Cost of Land	485
Building and improvements	1,979
Costs capitalized subsequent to acquisition or completion and valuation provision	(38)
Land	490
Building and improvements	1,936
Total	2,426
Accumulated depreciation 12/31/2011	1,155
Year acquired/constructed	2005
5095 Phillip Lee Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Atlanta, GA
Encumbrances	4,982
Initial Cost of Land	735
Building and improvements	3,627
Costs capitalized subsequent to acquisition or completion and valuation provision	588
Land	740
Building and improvements	4,210
Total	4,950
Accumulated depreciation 12/31/2011	1,763
Year acquired/constructed	2005
6514 Warren Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	0
Initial Cost of Land	510
Building and improvements	1,250
Costs capitalized subsequent to acquisition or completion and valuation provision	(61)
Land	513
Building and improvements	1,186
Total	1,699
Accumulated depreciation 12/31/2011	271
Year acquired/constructed	2005
6544 Warren Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norcross, GA
Encumbrances	0
Initial Cost of Land	711
Building and improvements	2,310
Costs capitalized subsequent to acquisition or completion and valuation provision	284
Land	715
Building and improvements	2,590
Total	3,305
Accumulated depreciation 12/31/2011	570
Year acquired/constructed	2005
5356 E. Ponce De Leon [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Stone Mountain, GA
Encumbrances	2,765
Initial Cost of Land	604
Building and improvements	3,888
Costs capitalized subsequent to acquisition or completion and valuation provision	208
Land	610
Building and improvements	4,090
Total	4,700
Accumulated depreciation 12/31/2011	1,498
Year acquired/constructed	2005
5390 E. Ponce De Leon [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Stone Mountain, GA
Encumbrances	0
Initial Cost of Land	397
Building and improvements	1,791
Costs capitalized subsequent to acquisition or completion and valuation provision	21
Land	402
Building and improvements	1,807
Total	2,209
Accumulated depreciation 12/31/2011	483
Year acquired/constructed	2005
195 & 197 Collins Boulevard [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Athens, GA
Encumbrances	0
Initial Cost of Land	1,410
Building and improvements	5,344
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,742)
Land	989
Building and improvements	4,023
Total	5,012
Accumulated depreciation 12/31/2011	2,520
Year acquired/constructed	2005
1755 Enterprise Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Buford, GA
Encumbrances	1,529
Initial Cost of Land	712
Building and improvements	2,118
Costs capitalized subsequent to acquisition or completion and valuation provision	(10)
Land	716
Building and improvements	2,104
Total	2,820
Accumulated depreciation 12/31/2011	568
Year acquired/constructed	2006
4555 Atwater Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Buford, GA
Encumbrances	2,582
Initial Cost of Land	881
Building and improvements	3,550
Costs capitalized subsequent to acquisition or completion and valuation provision	567
Land	885
Building and improvements	4,113
Total	4,998
Accumulated depreciation 12/31/2011	1,191
Year acquired/constructed	2006
80 Liberty Industrial Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	McDonough, GA
Encumbrances	0
Initial Cost of Land	756
Building and improvements	3,695
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,333)
Land	467
Building and improvements	2,651
Total	3,118
Accumulated depreciation 12/31/2011	743
Year acquired/constructed	2007
596 Bonnie Valentine [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pendergrass, GA
Encumbrances	0
Initial Cost of Land	2,580
Building and improvements	21,730
Costs capitalized subsequent to acquisition or completion and valuation provision	2,585
Land	2,594
Building and improvements	24,301
Total	26,895
Accumulated depreciation 12/31/2011	3,435
Year acquired/constructed	2007
11415 Old Roswell Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Alpharetta, GA
Encumbrances	0
Initial Cost of Land	2,403
Building and improvements	1,912
Costs capitalized subsequent to acquisition or completion and valuation provision	491
Land	2,428
Building and improvements	2,378
Total	4,806
Accumulated depreciation 12/31/2011	476
Year acquired/constructed	2008
1820 Portal [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Baltimore, MD
Initial Cost of Land	884
Building and improvements	4,891
Costs capitalized subsequent to acquisition or completion and valuation provision	1,025
Land	899
Building and improvements	5,901
Total	6,800
Accumulated depreciation 12/31/2011	1,839
Year acquired/constructed	1998
9700 Martin Luther King Hwy [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lanham, MD
Initial Cost of Land	700
Building and improvements	1,920
Costs capitalized subsequent to acquisition or completion and valuation provision	377
Land	700
Building and improvements	2,297
Total	2,997
Accumulated depreciation 12/31/2011	530
Year acquired/constructed	2003
9730 Martin Luther King Hwy [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lanham, MD
Initial Cost of Land	500
Building and improvements	955
Costs capitalized subsequent to acquisition or completion and valuation provision	418
Land	500
Building and improvements	1,373
Total	1,873
Accumulated depreciation 12/31/2011	452
Year acquired/constructed	2003
4621 Boston Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lanham, MD
Initial Cost of Land	1,100
Building and improvements	3,070
Costs capitalized subsequent to acquisition or completion and valuation provision	298
Land	1,100
Building and improvements	3,368
Total	4,468
Accumulated depreciation 12/31/2011	839
Year acquired/constructed	2003
4720 Boston Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lanham, MD
Initial Cost of Land	1,200
Building and improvements	2,174
Costs capitalized subsequent to acquisition or completion and valuation provision	497
Land	1,200
Building and improvements	2,671
Total	3,871
Accumulated depreciation 12/31/2011	640
Year acquired/constructed	2003
22520 Randolph Drive Dulles [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Dulles, VA
Encumbrances	7,745
Initial Cost of Land	3,200
Building and improvements	8,187
Costs capitalized subsequent to acquisition or completion and valuation provision	(150)
Land	3,208
Building and improvements	8,029
Total	11,237
Accumulated depreciation 12/31/2011	1,815
Year acquired/constructed	2004
22630 Dulles Summit Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Dulles, VA
Initial Cost of Land	2,200
Building and improvements	9,346
Costs capitalized subsequent to acquisition or completion and valuation provision	(20)
Land	2,206
Building and improvements	9,320
Total	11,526
Accumulated depreciation 12/31/2011	2,117
Year acquired/constructed	2004
4201 Forbes Boulevard [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lanham, MD
Initial Cost of Land	356
Building and improvements	1,823
Costs capitalized subsequent to acquisition or completion and valuation provision	341
Land	375
Building and improvements	2,145
Total	2,520
Accumulated depreciation 12/31/2011	573
Year acquired/constructed	2005
4370-4383 Lottsford Vista Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lanham, MD
Initial Cost of Land	279
Building and improvements	1,358
Costs capitalized subsequent to acquisition or completion and valuation provision	220
Land	296
Building and improvements	1,561
Total	1,857
Accumulated depreciation 12/31/2011	429
Year acquired/constructed	2005
4400 Lottsford Vista Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lanham, MD
Initial Cost of Land	351
Building and improvements	1,955
Costs capitalized subsequent to acquisition or completion and valuation provision	229
Land	372
Building and improvements	2,163
Total	2,535
Accumulated depreciation 12/31/2011	525
Year acquired/constructed	2005
4420 Lottsford Vista Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lanham, MD
Initial Cost of Land	539
Building and improvements	2,196
Costs capitalized subsequent to acquisition or completion and valuation provision	241
Land	568
Building and improvements	2,408
Total	2,976
Accumulated depreciation 12/31/2011	643
Year acquired/constructed	2005
11204 McCormick Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hunt Valley, MD
Initial Cost of Land	1,017
Building and improvements	3,132
Costs capitalized subsequent to acquisition or completion and valuation provision	51
Land	1,038
Building and improvements	3,162
Total	4,200
Accumulated depreciation 12/31/2011	932
Year acquired/constructed	2005
11110 Pepper Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hunt Valley, MD
Initial Cost of Land	918
Building and improvements	2,529
Costs capitalized subsequent to acquisition or completion and valuation provision	376
Land	938
Building and improvements	2,885
Total	3,823
Accumulated depreciation 12/31/2011	836
Year acquired/constructed	2005
11100-11120 Gilroy Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hunt Valley, MD
Initial Cost of Land	901
Building and improvements	1,455
Costs capitalized subsequent to acquisition or completion and valuation provision	(55)
Land	919
Building and improvements	1,382
Total	2,301
Accumulated depreciation 12/31/2011	334
Year acquired/constructed	2005
318 Clubhouse Lane [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hunt Valley, MD
Initial Cost of Land	701
Building and improvements	1,691
Costs capitalized subsequent to acquisition or completion and valuation provision	(47)
Land	718
Building and improvements	1,627
Total	2,345
Accumulated depreciation 12/31/2011	387
Year acquired/constructed	2005
10709 Gilroy Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hunt Valley, MD
Initial Cost of Land	913
Building and improvements	2,705
Costs capitalized subsequent to acquisition or completion and valuation provision	(113)
Land	913
Building and improvements	2,592
Total	3,505
Accumulated depreciation 12/31/2011	889
Year acquired/constructed	2005
10707 Gilroy Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hunt Valley, MD
Initial Cost of Land	1,111
Building and improvements	3,819
Costs capitalized subsequent to acquisition or completion and valuation provision	55
Land	1,136
Building and improvements	3,849
Total	4,985
Accumulated depreciation 12/31/2011	980
Year acquired/constructed	2005
38 Loveton Circle [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Sparks, MD
Initial Cost of Land	1,648
Building and improvements	2,151
Costs capitalized subsequent to acquisition or completion and valuation provision	(226)
Land	1,690
Building and improvements	1,883
Total	3,573
Accumulated depreciation 12/31/2011	493
Year acquired/constructed	2005
7120-7132 Ambassador Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Baltimore, MD
Initial Cost of Land	829
Building and improvements	1,329
Costs capitalized subsequent to acquisition or completion and valuation provision	406
Land	847
Building and improvements	1,717
Total	2,564
Accumulated depreciation 12/31/2011	361
Year acquired/constructed	2005
7142 Ambassador Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hunt Valley, MD
Initial Cost of Land	924
Building and improvements	2,876
Costs capitalized subsequent to acquisition or completion and valuation provision	2,374
Land	942
Building and improvements	5,232
Total	6,174
Accumulated depreciation 12/31/2011	830
Year acquired/constructed	2005
7144-7162 Ambassador Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Baltimore, MD
Initial Cost of Land	979
Building and improvements	1,672
Costs capitalized subsequent to acquisition or completion and valuation provision	433
Land	1,000
Building and improvements	2,084
Total	3,084
Accumulated depreciation 12/31/2011	759
Year acquired/constructed	2005
7223-7249 Ambassador Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Woodlawn, MD
Initial Cost of Land	1,283
Building and improvements	2,674
Costs capitalized subsequent to acquisition or completion and valuation provision	(40)
Land	1,311
Building and improvements	2,606
Total	3,917
Accumulated depreciation 12/31/2011	877
Year acquired/constructed	2005
7200 Rutherford Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Baltimore, MD
Initial Cost of Land	1,032
Building and improvements	2,150
Costs capitalized subsequent to acquisition or completion and valuation provision	242
Land	1,054
Building and improvements	2,370
Total	3,424
Accumulated depreciation 12/31/2011	635
Year acquired/constructed	2005
2700 Lord Baltimore Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Baltimore, MD
Initial Cost of Land	875
Building and improvements	1,826
Costs capitalized subsequent to acquisition or completion and valuation provision	1,107
Land	897
Building and improvements	2,911
Total	3,808
Accumulated depreciation 12/31/2011	955
Year acquired/constructed	2005
1225 Bengies Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Baltimore, MD
Initial Cost of Land	2,640
Building and improvements	270
Costs capitalized subsequent to acquisition or completion and valuation provision	14,660
Land	2,823
Building and improvements	14,747
Total	17,570
Accumulated depreciation 12/31/2011	2,028
Year acquired/constructed	2008
1214-B Freedom Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Cranberry Township, PA
Encumbrances	1,362
Initial Cost of Land	31
Building and improvements	994
Costs capitalized subsequent to acquisition or completion and valuation provision	613
Land	200
Building and improvements	1,438
Total	1,638
Accumulated depreciation 12/31/2011	1,099
Year acquired/constructed	1994
401 Russell Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Middletown, PA
Encumbrances	1,240
Initial Cost of Land	262
Building and improvements	857
Costs capitalized subsequent to acquisition or completion and valuation provision	1,755
Land	287
Building and improvements	2,587
Total	2,874
Accumulated depreciation 12/31/2011	1,755
Year acquired/constructed	1994
2700 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Middletown, PA
Initial Cost of Land	196
Building and improvements	997
Costs capitalized subsequent to acquisition or completion and valuation provision	856
Land	206
Building and improvements	1,843
Total	2,049
Accumulated depreciation 12/31/2011	1,214
Year acquired/constructed	1994
2701 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Middletown, PA
Encumbrances	1,883
Initial Cost of Land	141
Building and improvements	859
Costs capitalized subsequent to acquisition or completion and valuation provision	1,263
Land	164
Building and improvements	2,099
Total	2,263
Accumulated depreciation 12/31/2011	1,245
Year acquired/constructed	1994
2780 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Middletown, PA
Encumbrances	1,682
Initial Cost of Land	113
Building and improvements	743
Costs capitalized subsequent to acquisition or completion and valuation provision	1,165
Land	209
Building and improvements	1,812
Total	2,021
Accumulated depreciation 12/31/2011	1,238
Year acquired/constructed	1994
350 Old Silver Spring Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Mechanicsburg, PA
Initial Cost of Land	510
Building and improvements	2,890
Costs capitalized subsequent to acquisition or completion and valuation provision	6,396
Land	541
Building and improvements	9,255
Total	9,796
Accumulated depreciation 12/31/2011	3,020
Year acquired/constructed	1997
16522 Hunters Green Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hagerstown, MD
Encumbrances	12,962
Initial Cost of Land	1,390
Building and improvements	13,104
Costs capitalized subsequent to acquisition or completion and valuation provision	3,893
Land	1,863
Building and improvements	16,524
Total	18,387
Accumulated depreciation 12/31/2011	3,480
Year acquired/constructed	2003
18212 Shawley Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hagerstown, MD
Encumbrances	6,748
Initial Cost of Land	1,000
Building and improvements	5,847
Costs capitalized subsequent to acquisition or completion and valuation provision	1,198
Land	1,016
Building and improvements	7,029
Total	8,045
Accumulated depreciation 12/31/2011	1,699
Year acquired/constructed	2004
37 Valleyview Business Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Jessup, PA
Encumbrances	2,926
Initial Cost of Land	542
Costs capitalized subsequent to acquisition or completion and valuation provision	2,974
Land	532
Building and improvements	2,984
Total	3,516
Accumulated depreciation 12/31/2011	523
Year acquired/constructed	2004
301 Railroad Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Shiremanstown, PA
Initial Cost of Land	1,181
Building and improvements	4,447
Costs capitalized subsequent to acquisition or completion and valuation provision	2,412
Land	1,328
Building and improvements	6,712
Total	8,040
Accumulated depreciation 12/31/2011	1,870
Year acquired/constructed	2005
431 Railroad Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Shiremanstown, PA
Encumbrances	8,882
Initial Cost of Land	1,293
Building and improvements	7,164
Costs capitalized subsequent to acquisition or completion and valuation provision	2,063
Land	1,341
Building and improvements	9,179
Total	10,520
Accumulated depreciation 12/31/2011	2,697
Year acquired/constructed	2005
6951 Allentown Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Harrisburg, PA
Initial Cost of Land	585
Building and improvements	3,176
Costs capitalized subsequent to acquisition or completion and valuation provision	124
Land	601
Building and improvements	3,284
Total	3,885
Accumulated depreciation 12/31/2011	811
Year acquired/constructed	2005
320 Museum Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Washington, PA
Initial Cost of Land	201
Building and improvements	1,819
Costs capitalized subsequent to acquisition or completion and valuation provision	(162)
Land	178
Building and improvements	1,680
Total	1,858
Accumulated depreciation 12/31/2011	632
Year acquired/constructed	2005
1351 Eisenhower Blvd., Bldg 1 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Harrisburg, PA
Encumbrances	1,920
Initial Cost of Land	382
Building and improvements	2,343
Costs capitalized subsequent to acquisition or completion and valuation provision	39
Land	387
Building and improvements	2,377
Total	2,764
Accumulated depreciation 12/31/2011	524
Year acquired/constructed	2006
1351 Eisenhower Blvd., Bldg 2 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Harrisburg, PA
Encumbrances	1,417
Initial Cost of Land	436
Building and improvements	1,587
Costs capitalized subsequent to acquisition or completion and valuation provision	52
Land	443
Building and improvements	1,632
Total	2,075
Accumulated depreciation 12/31/2011	411
Year acquired/constructed	2006
1490 Commerce Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlisle, PA
Initial Cost of Land	1,500
Costs capitalized subsequent to acquisition or completion and valuation provision	13,845
Land	2,341
Building and improvements	13,004
Total	15,345
Accumulated depreciation 12/31/2011	1,579
Year acquired/constructed	2008
600 First Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Gouldsboro, PA
Initial Cost of Land	7,022
Costs capitalized subsequent to acquisition or completion and valuation provision	58,189
Land	7,019
Building and improvements	58,192
Total	65,211
Accumulated depreciation 12/31/2011	5,010
Year acquired/constructed	2008
225 Cross Farm Lane [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	York, PA
Encumbrances	18,885
Initial Cost of Land	4,718
Costs capitalized subsequent to acquisition or completion and valuation provision	23,567
Land	4,715
Building and improvements	23,570
Total	28,285
Accumulated depreciation 12/31/2011	2,510
Year acquired/constructed	2008
720-730 Landwehr Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Northbrook, IL
Initial Cost of Land	521
Building and improvements	2,982
Costs capitalized subsequent to acquisition or completion and valuation provision	1,076
Land	521
Building and improvements	4,058
Total	4,579
Accumulated depreciation 12/31/2011	1,983
Year acquired/constructed	1994
20W201 101st Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lemont, IL
Encumbrances	4,149
Initial Cost of Land	967
Building and improvements	5,554
Costs capitalized subsequent to acquisition or completion and valuation provision	1,579
Land	968
Building and improvements	7,132
Total	8,100
Accumulated depreciation 12/31/2011	2,712
Year acquired/constructed	1994
6750 South Sayre Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Bedford Park, IL
Initial Cost of Land	224
Building and improvements	1,309
Costs capitalized subsequent to acquisition or completion and valuation provision	555
Land	224
Building and improvements	1,864
Total	2,088
Accumulated depreciation 12/31/2011	754
Year acquired/constructed	1994
585 Slawin Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Mount Prospect, IL
Initial Cost of Land	611
Building and improvements	3,505
Costs capitalized subsequent to acquisition or completion and valuation provision	1,644
Land	525
Building and improvements	5,235
Total	5,760
Accumulated depreciation 12/31/2011	2,387
Year acquired/constructed	1994
2300 Windsor Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Addison, IL
Encumbrances	3,930
Initial Cost of Land	688
Building and improvements	3,943
Costs capitalized subsequent to acquisition or completion and valuation provision	1,255
Land	696
Building and improvements	5,190
Total	5,886
Accumulated depreciation 12/31/2011	2,325
Year acquired/constructed	1994
3505 Thayer Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Aurora, IL
Initial Cost of Land	430
Building and improvements	2,472
Costs capitalized subsequent to acquisition or completion and valuation provision	396
Land	430
Building and improvements	2,868
Total	3,298
Accumulated depreciation 12/31/2011	1,208
Year acquired/constructed	1994
305-311 Era Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Northbrook, IL
Initial Cost of Land	200
Building and improvements	1,154
Costs capitalized subsequent to acquisition or completion and valuation provision	916
Land	205
Building and improvements	2,065
Total	2,270
Accumulated depreciation 12/31/2011	623
Year acquired/constructed	1994
3150-3160 MacArthur Boulevard [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Northbrook, IL
Initial Cost of Land	429
Building and improvements	2,518
Costs capitalized subsequent to acquisition or completion and valuation provision	135
Land	429
Building and improvements	2,653
Total	3,082
Accumulated depreciation 12/31/2011	1,143
Year acquired/constructed	1994
365 North Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carol Stream, IL
Encumbrances	6,256
Initial Cost of Land	1,042
Building and improvements	6,882
Costs capitalized subsequent to acquisition or completion and valuation provision	2,621
Land	1,073
Building and improvements	9,472
Total	10,545
Accumulated depreciation 12/31/2011	4,093
Year acquired/constructed	1994
11241 Melrose Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Franklin Park, IL
Initial Cost of Land	332
Building and improvements	1,931
Costs capitalized subsequent to acquisition or completion and valuation provision	42
Land	208
Building and improvements	2,097
Total	2,305
Accumulated depreciation 12/31/2011	1,163
Year acquired/constructed	1995
11939 S Central Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Alsip, IL
Initial Cost of Land	1,208
Building and improvements	6,843
Costs capitalized subsequent to acquisition or completion and valuation provision	2,633
Land	1,305
Building and improvements	9,379
Total	10,684
Accumulated depreciation 12/31/2011	3,079
Year acquired/constructed	1997
405 East Shawmut [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	LaGrange, IL
Initial Cost of Land	368
Building and improvements	2,083
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,046)
Land	81
Building and improvements	1,324
Total	1,405
Accumulated depreciation 12/31/2011	830
Year acquired/constructed	1997
1010-50 Sesame Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Bensenville, IL
Initial Cost of Land	979
Building and improvements	5,546
Costs capitalized subsequent to acquisition or completion and valuation provision	2,782
Land	1,048
Building and improvements	8,259
Total	9,307
Accumulated depreciation 12/31/2011	2,698
Year acquired/constructed	1997
2120-24 Roberts [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Broadview, IL
Initial Cost of Land	220
Building and improvements	1,248
Costs capitalized subsequent to acquisition or completion and valuation provision	219
Land	231
Building and improvements	1,456
Total	1,687
Accumulated depreciation 12/31/2011	501
Year acquired/constructed	1998
800 Business Center Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Mount Prospect, IL
Initial Cost of Land	631
Building and improvements	3,493
Costs capitalized subsequent to acquisition or completion and valuation provision	328
Land	666
Building and improvements	3,786
Total	4,452
Accumulated depreciation 12/31/2011	1,034
Year acquired/constructed	2000
580 Slawin Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Mount Prospect, IL
Initial Cost of Land	233
Building and improvements	1,292
Costs capitalized subsequent to acquisition or completion and valuation provision	(29)
Land	162
Building and improvements	1,334
Total	1,496
Accumulated depreciation 12/31/2011	427
Year acquired/constructed	2000
19W661 101st Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lemont, IL
Initial Cost of Land	1,200
Building and improvements	6,643
Costs capitalized subsequent to acquisition or completion and valuation provision	1,957
Land	1,220
Building and improvements	8,580
Total	9,800
Accumulated depreciation 12/31/2011	2,899
Year acquired/constructed	2001
175 Wall Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Glendale Heights, IL
Encumbrances	1,497
Initial Cost of Land	427
Building and improvements	2,363
Costs capitalized subsequent to acquisition or completion and valuation provision	163
Land	433
Building and improvements	2,520
Total	2,953
Accumulated depreciation 12/31/2011	658
Year acquired/constructed	2002
800-820 Thorndale Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Bensenville, IL
Initial Cost of Land	751
Building and improvements	4,159
Costs capitalized subsequent to acquisition or completion and valuation provision	2,336
Land	761
Building and improvements	6,485
Total	7,246
Accumulated depreciation 12/31/2011	2,126
Year acquired/constructed	2002
251 Airport Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	North Aurora, IL
Encumbrances	5,325
Initial Cost of Land	983
Costs capitalized subsequent to acquisition or completion and valuation provision	6,711
Land	983
Building and improvements	6,711
Total	7,694
Accumulated depreciation 12/31/2011	1,589
Year acquired/constructed	2002
1661 Feehanville Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Mount Prospect, IL
Initial Cost of Land	985
Building and improvements	5,455
Costs capitalized subsequent to acquisition or completion and valuation provision	2,243
Land	1,044
Building and improvements	7,639
Total	8,683
Accumulated depreciation 12/31/2011	2,224
Year acquired/constructed	2004
1850 Touhy & 1158 McCage Ave. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Elk Grove Village, IL
Initial Cost of Land	1,500
Building and improvements	4,842
Costs capitalized subsequent to acquisition or completion and valuation provision	(95)
Land	1,514
Building and improvements	4,733
Total	6,247
Accumulated depreciation 12/31/2011	1,175
Year acquired/constructed	2004
1088-1130 Thorndale Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Bensenville, IL
Initial Cost of Land	2,103
Building and improvements	3,674
Costs capitalized subsequent to acquisition or completion and valuation provision	249
Land	2,108
Building and improvements	3,918
Total	6,026
Accumulated depreciation 12/31/2011	1,220
Year acquired/constructed	2005
855-891 Busse Rd. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Bensenville, IL
Initial Cost of Land	1,597
Building and improvements	2,767
Costs capitalized subsequent to acquisition or completion and valuation provision	(72)
Land	1,601
Building and improvements	2,691
Total	4,292
Accumulated depreciation 12/31/2011	821
Year acquired/constructed	2005
1060-1074 W. Thorndale [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Bensenville, IL
Initial Cost of Land	1,704
Building and improvements	2,108
Costs capitalized subsequent to acquisition or completion and valuation provision	298
Land	1,709
Building and improvements	2,401
Total	4,110
Accumulated depreciation 12/31/2011	779
Year acquired/constructed	2005
400 Crossroads Pkwy [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Bolingbrook, IL
Encumbrances	5,658
Initial Cost of Land	1,178
Building and improvements	9,453
Costs capitalized subsequent to acquisition or completion and valuation provision	927
Land	1,181
Building and improvements	10,377
Total	11,558
Accumulated depreciation 12/31/2011	2,508
Year acquired/constructed	2005
7609 W. Industrial Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Forest Park, IL
Initial Cost of Land	1,207
Building and improvements	2,343
Costs capitalized subsequent to acquisition or completion and valuation provision	210
Land	1,213
Building and improvements	2,547
Total	3,760
Accumulated depreciation 12/31/2011	833
Year acquired/constructed	2005
7801 W. Industrial Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Forest Park, IL
Initial Cost of Land	1,215
Building and improvements	3,020
Costs capitalized subsequent to acquisition or completion and valuation provision	240
Land	1,220
Building and improvements	3,255
Total	4,475
Accumulated depreciation 12/31/2011	866
Year acquired/constructed	2005
825 E. 26th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	LaGrange, IL
Initial Cost of Land	1,547
Building and improvements	2,078
Costs capitalized subsequent to acquisition or completion and valuation provision	2,639
Land	1,617
Building and improvements	4,647
Total	6,264
Accumulated depreciation 12/31/2011	1,580
Year acquired/constructed	2005
725 Kimberly Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carol Stream, IL
Initial Cost of Land	793
Building and improvements	1,395
Costs capitalized subsequent to acquisition or completion and valuation provision	203
Land	801
Building and improvements	1,590
Total	2,391
Accumulated depreciation 12/31/2011	396
Year acquired/constructed	2005
17001 S. Vincennes [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Thornton, IL
Initial Cost of Land	497
Building and improvements	504
Costs capitalized subsequent to acquisition or completion and valuation provision	24
Land	513
Building and improvements	512
Total	1,025
Accumulated depreciation 12/31/2011	249
Year acquired/constructed	2005
1111 Davis Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Elgin, IL
Initial Cost of Land	998
Building and improvements	1,859
Costs capitalized subsequent to acquisition or completion and valuation provision	910
Land	1,046
Building and improvements	2,721
Total	3,767
Accumulated depreciation 12/31/2011	1,219
Year acquired/constructed	2006
2900 W. 166th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Markham, IL
Initial Cost of Land	1,132
Building and improvements	4,293
Costs capitalized subsequent to acquisition or completion and valuation provision	723
Land	1,134
Building and improvements	5,014
Total	6,148
Accumulated depreciation 12/31/2011	1,456
Year acquired/constructed	2007
555 W. Algonquin Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Arlington Heights, IL
Encumbrances	1,912
Initial Cost of Land	574
Building and improvements	741
Costs capitalized subsequent to acquisition or completion and valuation provision	2,053
Land	579
Building and improvements	2,789
Total	3,368
Accumulated depreciation 12/31/2011	524
Year acquired/constructed	2007
7000 W. 60th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Chicago, IL
Initial Cost of Land	609
Building and improvements	932
Costs capitalized subsequent to acquisition or completion and valuation provision	237
Land	667
Building and improvements	1,111
Total	1,778
Accumulated depreciation 12/31/2011	575
Year acquired/constructed	2007
9501 Nevada [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Franklin Park, IL
Encumbrances	7,568
Initial Cost of Land	2,721
Building and improvements	5,630
Costs capitalized subsequent to acquisition or completion and valuation provision	101
Land	2,737
Building and improvements	5,715
Total	8,452
Accumulated depreciation 12/31/2011	930
Year acquired/constructed	2008
1501 Oakton Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Elk Grove Village, IL
Initial Cost of Land	3,369
Building and improvements	6,121
Costs capitalized subsequent to acquisition or completion and valuation provision	139
Land	3,482
Building and improvements	6,147
Total	9,629
Accumulated depreciation 12/31/2011	1,224
Year acquired/constructed	2008
16500 W. 103rd Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Woodridge, IL
Encumbrances	2,785
Initial Cost of Land	744
Building and improvements	2,458
Costs capitalized subsequent to acquisition or completion and valuation provision	405
Land	760
Building and improvements	2,848
Total	3,608
Accumulated depreciation 12/31/2011	526
Year acquired/constructed	2008
9900-9970 Princeton [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Cincinnati, OH
Initial Cost of Land	545
Building and improvements	3,088
Costs capitalized subsequent to acquisition or completion and valuation provision	1,443
Land	566
Building and improvements	4,510
Total	5,076
Accumulated depreciation 12/31/2011	1,700
Year acquired/constructed	1996
2940 Highland Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Cincinnati, OH
Initial Cost of Land	1,717
Building and improvements	9,730
Costs capitalized subsequent to acquisition or completion and valuation provision	(650)
Land	1,146
Building and improvements	9,651
Total	10,797
Accumulated depreciation 12/31/2011	4,440
Year acquired/constructed	1996
4700-4750 Creek Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Blue Ash, OH
Initial Cost of Land	1,080
Building and improvements	6,118
Costs capitalized subsequent to acquisition or completion and valuation provision	1,126
Land	1,109
Building and improvements	7,215
Total	8,324
Accumulated depreciation 12/31/2011	2,593
Year acquired/constructed	1996
901 Pleasant Valley Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Springboro, OH
Initial Cost of Land	304
Building and improvements	1,721
Costs capitalized subsequent to acquisition or completion and valuation provision	(406)
Land	190
Building and improvements	1,429
Total	1,619
Accumulated depreciation 12/31/2011	609
Year acquired/constructed	1998
4436 Mulhauser Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hamilton, OH
Encumbrances	3,813
Initial Cost of Land	630
Costs capitalized subsequent to acquisition or completion and valuation provision	5,081
Land	630
Building and improvements	5,081
Total	5,711
Accumulated depreciation 12/31/2011	1,146
Year acquired/constructed	2002
4438 Mulhauser Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hamilton, OH
Encumbrances	4,946
Initial Cost of Land	779
Costs capitalized subsequent to acquisition or completion and valuation provision	6,738
Land	779
Building and improvements	6,738
Total	7,517
Accumulated depreciation 12/31/2011	1,840
Year acquired/constructed	2002
420 Wards Corner Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Loveland, OH
Initial Cost of Land	600
Building and improvements	1,083
Costs capitalized subsequent to acquisition or completion and valuation provision	695
Land	606
Building and improvements	1,772
Total	2,378
Accumulated depreciation 12/31/2011	487
Year acquired/constructed	2003
422 Wards Corner Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Loveland, OH
Initial Cost of Land	600
Building and improvements	1,811
Costs capitalized subsequent to acquisition or completion and valuation provision	(26)
Land	592
Building and improvements	1,793
Total	2,385
Accumulated depreciation 12/31/2011	485
Year acquired/constructed	2003
4663 Dues Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westchester, OH
Initial Cost of Land	858
Building and improvements	2,273
Costs capitalized subsequent to acquisition or completion and valuation provision	962
Land	875
Building and improvements	3,218
Total	4,093
Accumulated depreciation 12/31/2011	2,104
Year acquired/constructed	2005
9345 Princeton-Glendale [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westchester, OH
Encumbrances	1,553
Initial Cost of Land	818
Building and improvements	1,648
Costs capitalized subsequent to acquisition or completion and valuation provision	357
Land	840
Building and improvements	1,983
Total	2,823
Accumulated depreciation 12/31/2011	732
Year acquired/constructed	2006
9525 Glades Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westchester, OH
Initial Cost of Land	347
Building and improvements	1,323
Costs capitalized subsequent to acquisition or completion and valuation provision	235
Land	355
Building and improvements	1,550
Total	1,905
Accumulated depreciation 12/31/2011	423
Year acquired/constructed	2007
9776-9876 Windisch Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westchester, OH
Initial Cost of Land	392
Building and improvements	1,744
Costs capitalized subsequent to acquisition or completion and valuation provision	(1)
Land	394
Building and improvements	1,741
Total	2,135
Accumulated depreciation 12/31/2011	348
Year acquired/constructed	2007
9810-9822 Windisch Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westchester, OH
Initial Cost of Land	395
Building and improvements	2,541
Costs capitalized subsequent to acquisition or completion and valuation provision	27
Land	397
Building and improvements	2,566
Total	2,963
Accumulated depreciation 12/31/2011	399
Year acquired/constructed	2007
9842-9862 Windisch Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westchester, OH
Initial Cost of Land	506
Building and improvements	3,148
Costs capitalized subsequent to acquisition or completion and valuation provision	68
Land	508
Building and improvements	3,214
Total	3,722
Accumulated depreciation 12/31/2011	454
Year acquired/constructed	2007
9872-9898 Windisch Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westchester, OH
Encumbrances	0
Initial Cost of Land	546
Building and improvements	3,039
Costs capitalized subsequent to acquisition or completion and valuation provision	62
Land	548
Building and improvements	3,099
Total	3,647
Accumulated depreciation 12/31/2011	507
Year acquired/constructed	2007
9902-9922 Windisch Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westchester, OH
Encumbrances	0
Initial Cost of Land	623
Building and improvements	4,003
Costs capitalized subsequent to acquisition or completion and valuation provision	208
Land	627
Building and improvements	4,207
Total	4,834
Accumulated depreciation 12/31/2011	782
Year acquired/constructed	2007
31311 Emerald Valley Pkwy [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Glenwillow, OH
Encumbrances	9,674
Initial Cost of Land	681
Building and improvements	11,838
Costs capitalized subsequent to acquisition or completion and valuation provision	968
Land	691
Building and improvements	12,796
Total	13,487
Accumulated depreciation 12/31/2011	2,583
Year acquired/constructed	2006
30333 Emerald Valley Pkwy [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Glenwillow, OH
Encumbrances	4,891
Initial Cost of Land	466
Building and improvements	5,447
Costs capitalized subsequent to acquisition or completion and valuation provision	134
Land	475
Building and improvements	5,572
Total	6,047
Accumulated depreciation 12/31/2011	1,321
Year acquired/constructed	2006
7800 Cochran Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Glenwillow, OH
Encumbrances	7,004
Initial Cost of Land	972
Building and improvements	7,033
Costs capitalized subsequent to acquisition or completion and valuation provision	288
Land	991
Building and improvements	7,302
Total	8,293
Accumulated depreciation 12/31/2011	1,692
Year acquired/constructed	2006
7900 Cochran Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Glenwillow, OH
Encumbrances	5,367
Initial Cost of Land	775
Building and improvements	6,244
Costs capitalized subsequent to acquisition or completion and valuation provision	5
Land	792
Building and improvements	6,232
Total	7,024
Accumulated depreciation 12/31/2011	1,256
Year acquired/constructed	2006
7905 Cochran Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Glenwillow, OH
Encumbrances	0
Initial Cost of Land	920
Building and improvements	6,174
Costs capitalized subsequent to acquisition or completion and valuation provision	270
Land	921
Building and improvements	6,443
Total	7,364
Accumulated depreciation 12/31/2011	1,340
Year acquired/constructed	2006
30600 Carter Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Solon, OH
Encumbrances	0
Initial Cost of Land	989
Building and improvements	3,042
Costs capitalized subsequent to acquisition or completion and valuation provision	448
Land	1,022
Building and improvements	3,457
Total	4,479
Accumulated depreciation 12/31/2011	1,661
Year acquired/constructed	2006
8181 Darrow Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Twinsburg, OH
Encumbrances	7,473
Initial Cost of Land	2,478
Building and improvements	6,791
Costs capitalized subsequent to acquisition or completion and valuation provision	1,922
Land	2,496
Building and improvements	8,696
Total	11,192
Accumulated depreciation 12/31/2011	1,713
Year acquired/constructed	2008
3800 Lockbourne Industrial Pkwy [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Columbus, OH
Encumbrances	0
Initial Cost of Land	1,045
Building and improvements	6,421
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,759)
Land	609
Building and improvements	5,098
Total	5,707
Accumulated depreciation 12/31/2011	2,348
Year acquired/constructed	1996
3800 Groveport Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Columbus, OH
Encumbrances	0
Initial Cost of Land	1,955
Building and improvements	12,154
Costs capitalized subsequent to acquisition or completion and valuation provision	(3,138)
Land	1,275
Building and improvements	9,696
Total	10,971
Accumulated depreciation 12/31/2011	4,369
Year acquired/constructed	1996
1819 North Walcutt Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Columbus, OH
Encumbrances	0
Initial Cost of Land	637
Building and improvements	4,590
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,190)
Land	374
Building and improvements	3,663
Total	4,037
Accumulated depreciation 12/31/2011	1,487
Year acquired/constructed	1997
4115 Leap Road (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hillard, OH
Encumbrances	0
Initial Cost of Land	756
Building and improvements	4,297
Costs capitalized subsequent to acquisition or completion and valuation provision	1,636
Land	756
Building and improvements	5,933
Total	6,689
Accumulated depreciation 12/31/2011	2,069
Year acquired/constructed	1998
3300 Lockbourne [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Columbus, OH
Encumbrances	0
Initial Cost of Land	708
Building and improvements	3,920
Costs capitalized subsequent to acquisition or completion and valuation provision	(2,050)
Land	162
Building and improvements	2,416
Total	2,578
Accumulated depreciation 12/31/2011	1,513
Year acquired/constructed	1998
1076 Pittsburg Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Delaware, OH
Encumbrances	0
Initial Cost of Land	2,265
Building and improvements	4,733
Costs capitalized subsequent to acquisition or completion and valuation provision	(49)
Land	2,184
Building and improvements	4,765
Total	6,949
Accumulated depreciation 12/31/2011	1,220
Year acquired/constructed	2005
6150 Huntly Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Columbus, OH
Encumbrances	0
Initial Cost of Land	920
Building and improvements	4,810
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,733)
Land	591
Building and improvements	3,406
Total	3,997
Accumulated depreciation 12/31/2011	857
Year acquired/constructed	2005
4985 Frusta Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Obetz, OH
Encumbrances	0
Initial Cost of Land	318
Building and improvements	837
Costs capitalized subsequent to acquisition or completion and valuation provision	255
Land	326
Building and improvements	1,084
Total	1,410
Accumulated depreciation 12/31/2011	392
Year acquired/constructed	2006
4600 S. Hamilton Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Columbus, OH
Encumbrances	0
Initial Cost of Land	681
Building and improvements	5,941
Costs capitalized subsequent to acquisition or completion and valuation provision	(3,327)
Land	236
Building and improvements	3,059
Total	3,295
Accumulated depreciation 12/31/2011	915
Year acquired/constructed	2006
4311 Janitrol Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Groveport, OH
Encumbrances	0
Initial Cost of Land	662
Building and improvements	4,332
Costs capitalized subsequent to acquisition or completion and valuation provision	1,419
Land	675
Building and improvements	5,738
Total	6,413
Accumulated depreciation 12/31/2011	1,387
Year acquired/constructed	2007
2406-2416 Walnut Ridge [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Dallas, TX
Encumbrances	0
Initial Cost of Land	178
Building and improvements	1,006
Costs capitalized subsequent to acquisition or completion and valuation provision	606
Land	172
Building and improvements	1,618
Total	1,790
Accumulated depreciation 12/31/2011	459
Year acquired/constructed	1997
2401-2419 Walnut Ridge [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Dallas, TX
Encumbrances	0
Initial Cost of Land	148
Building and improvements	839
Costs capitalized subsequent to acquisition or completion and valuation provision	397
Land	142
Building and improvements	1,242
Total	1,384
Accumulated depreciation 12/31/2011	313
Year acquired/constructed	1997
900-906 Great Southwest Pkwy [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Arlington, TX
Encumbrances	0
Initial Cost of Land	237
Building and improvements	1,342
Costs capitalized subsequent to acquisition or completion and valuation provision	600
Land	270
Building and improvements	1,909
Total	2,179
Accumulated depreciation 12/31/2011	597
Year acquired/constructed	1997
3000 West Commerce [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Dallas, TX
Encumbrances	0
Initial Cost of Land	456
Building and improvements	2,584
Costs capitalized subsequent to acquisition or completion and valuation provision	1,110
Land	469
Building and improvements	3,681
Total	4,150
Accumulated depreciation 12/31/2011	1,178
Year acquired/constructed	1997
3030 Hansboro [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Dallas, TX
Encumbrances	0
Initial Cost of Land	266
Building and improvements	1,510
Costs capitalized subsequent to acquisition or completion and valuation provision	(615)
Land	87
Building and improvements	1,074
Total	1,161
Accumulated depreciation 12/31/2011	646
Year acquired/constructed	1997
405-407 113th [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Arlington, TX
Encumbrances	0
Initial Cost of Land	181
Building and improvements	1,026
Costs capitalized subsequent to acquisition or completion and valuation provision	581
Land	185
Building and improvements	1,603
Total	1,788
Accumulated depreciation 12/31/2011	494
Year acquired/constructed	1997
816 111th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Arlington, TX
Encumbrances	872
Initial Cost of Land	251
Building and improvements	1,421
Costs capitalized subsequent to acquisition or completion and valuation provision	132
Land	258
Building and improvements	1,546
Total	1,804
Accumulated depreciation 12/31/2011	558
Year acquired/constructed	1997
7427 Dogwood Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	96
Building and improvements	532
Costs capitalized subsequent to acquisition or completion and valuation provision	569
Land	102
Building and improvements	1,095
Total	1,197
Accumulated depreciation 12/31/2011	501
Year acquired/constructed	1998
7348-54 Tower Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	88
Building and improvements	489
Costs capitalized subsequent to acquisition or completion and valuation provision	225
Land	94
Building and improvements	708
Total	802
Accumulated depreciation 12/31/2011	238
Year acquired/constructed	1998
7339-41 Tower Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	98
Building and improvements	541
Costs capitalized subsequent to acquisition or completion and valuation provision	172
Land	104
Building and improvements	707
Total	811
Accumulated depreciation 12/31/2011	216
Year acquired/constructed	1998
7437-45 Tower Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	102
Building and improvements	563
Costs capitalized subsequent to acquisition or completion and valuation provision	170
Land	108
Building and improvements	727
Total	835
Accumulated depreciation 12/31/2011	220
Year acquired/constructed	1998
7331-59 Airport Freeway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	1,758
Initial Cost of Land	354
Building and improvements	1,958
Costs capitalized subsequent to acquisition or completion and valuation provision	321
Land	372
Building and improvements	2,261
Total	2,633
Accumulated depreciation 12/31/2011	761
Year acquired/constructed	1998
7338-60 Dogwood Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	106
Building and improvements	587
Costs capitalized subsequent to acquisition or completion and valuation provision	123
Land	112
Building and improvements	704
Total	816
Accumulated depreciation 12/31/2011	226
Year acquired/constructed	1998
7450-70 Dogwood Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	106
Building and improvements	584
Costs capitalized subsequent to acquisition or completion and valuation provision	146
Land	112
Building and improvements	724
Total	836
Accumulated depreciation 12/31/2011	250
Year acquired/constructed	1998
7423-49 Airport Freeway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	1,485
Initial Cost of Land	293
Building and improvements	1,621
Costs capitalized subsequent to acquisition or completion and valuation provision	309
Land	308
Building and improvements	1,915
Total	2,223
Accumulated depreciation 12/31/2011	631
Year acquired/constructed	1998
7400 Whitehall Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	109
Building and improvements	603
Costs capitalized subsequent to acquisition or completion and valuation provision	61
Land	115
Building and improvements	658
Total	773
Accumulated depreciation 12/31/2011	214
Year acquired/constructed	1998
1602-1654 Terre Colony [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Dallas, TX
Encumbrances	1,867
Initial Cost of Land	458
Building and improvements	2,596
Costs capitalized subsequent to acquisition or completion and valuation provision	810
Land	468
Building and improvements	3,396
Total	3,864
Accumulated depreciation 12/31/2011	941
Year acquired/constructed	2000
2351-2355 Merritt Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Garland, TX
Encumbrances	0
Initial Cost of Land	101
Building and improvements	574
Costs capitalized subsequent to acquisition or completion and valuation provision	87
Land	92
Building and improvements	670
Total	762
Accumulated depreciation 12/31/2011	212
Year acquired/constructed	2000
701-735 North Plano Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richardson, TX
Encumbrances	0
Initial Cost of Land	696
Building and improvements	3,944
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,339)
Land	268
Building and improvements	3,033
Total	3,301
Accumulated depreciation 12/31/2011	1,186
Year acquired/constructed	2000
2220 Merritt Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Garland, TX
Encumbrances	0
Initial Cost of Land	352
Building and improvements	1,993
Costs capitalized subsequent to acquisition or completion and valuation provision	852
Land	316
Building and improvements	2,881
Total	3,197
Accumulated depreciation 12/31/2011	981
Year acquired/constructed	2000
2010 Merritt Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Garland, TX
Encumbrances	0
Initial Cost of Land	350
Building and improvements	1,981
Costs capitalized subsequent to acquisition or completion and valuation provision	354
Land	318
Building and improvements	2,367
Total	2,685
Accumulated depreciation 12/31/2011	786
Year acquired/constructed	2000
2363 Merritt Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Garland, TX
Encumbrances	0
Initial Cost of Land	73
Building and improvements	412
Costs capitalized subsequent to acquisition or completion and valuation provision	72
Land	47
Building and improvements	510
Total	557
Accumulated depreciation 12/31/2011	213
Year acquired/constructed	2000
2081 Hutton Drive-Bldg 1 (e) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	448
Building and improvements	2,540
Costs capitalized subsequent to acquisition or completion and valuation provision	(489)
Land	265
Building and improvements	2,234
Total	2,499
Accumulated depreciation 12/31/2011	704
Year acquired/constructed	2001
2465-2475 Merritt Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Garland, TX
Encumbrances	0
Initial Cost of Land	91
Building and improvements	514
Costs capitalized subsequent to acquisition or completion and valuation provision	35
Land	71
Building and improvements	569
Total	640
Accumulated depreciation 12/31/2011	176
Year acquired/constructed	2000
2447 Merritt Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Garland, TX
Encumbrances	0
Initial Cost of Land	70
Building and improvements	395
Costs capitalized subsequent to acquisition or completion and valuation provision	(107)
Land	23
Building and improvements	335
Total	358
Accumulated depreciation 12/31/2011	137
Year acquired/constructed	2000
2104 Hutton Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	246
Building and improvements	1,393
Costs capitalized subsequent to acquisition or completion and valuation provision	(422)
Land	130
Building and improvements	1,087
Total	1,217
Accumulated depreciation 12/31/2011	372
Year acquired/constructed	2001
2485-2505 Merritt Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Garland, TX
Encumbrances	0
Initial Cost of Land	431
Building and improvements	2,440
Costs capitalized subsequent to acquisition or completion and valuation provision	851
Land	426
Building and improvements	3,296
Total	3,722
Accumulated depreciation 12/31/2011	880
Year acquired/constructed	2000
1620 Valwood Parkway (e) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	1,089
Building and improvements	6,173
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,309)
Land	605
Building and improvements	5,348
Total	5,953
Accumulated depreciation 12/31/2011	1,829
Year acquired/constructed	2001
2110 Hutton Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	374
Building and improvements	2,117
Costs capitalized subsequent to acquisition or completion and valuation provision	(355)
Land	251
Building and improvements	1,885
Total	2,136
Accumulated depreciation 12/31/2011	721
Year acquired/constructed	2001
2025 McKenzie Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	1,583
Initial Cost of Land	437
Building and improvements	2,478
Costs capitalized subsequent to acquisition or completion and valuation provision	363
Land	442
Building and improvements	2,836
Total	3,278
Accumulated depreciation 12/31/2011	882
Year acquired/constructed	2001
2019 McKenzie Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	1,885
Initial Cost of Land	502
Building and improvements	2,843
Costs capitalized subsequent to acquisition or completion and valuation provision	557
Land	507
Building and improvements	3,395
Total	3,902
Accumulated depreciation 12/31/2011	1,020
Year acquired/constructed	2001
1420 Valwood Parkway- Bldg 1 (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	460
Building and improvements	2,608
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,467)
Land	112
Building and improvements	1,489
Total	1,601
Accumulated depreciation 12/31/2011	797
Year acquired/constructed	2001
1625 West Crosby Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	617
Building and improvements	3,498
Costs capitalized subsequent to acquisition or completion and valuation provision	(732)
Land	381
Building and improvements	3,002
Total	3,383
Accumulated depreciation 12/31/2011	982
Year acquired/constructed	2001
1505 Luna Road-Bldg II [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	167
Building and improvements	948
Costs capitalized subsequent to acquisition or completion and valuation provision	(480)
Land	68
Building and improvements	567
Total	635
Accumulated depreciation 12/31/2011	254
Year acquired/constructed	2001
1840 Hutton Drive (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	811
Building and improvements	4,597
Costs capitalized subsequent to acquisition or completion and valuation provision	(560)
Land	567
Building and improvements	4,281
Total	4,848
Accumulated depreciation 12/31/2011	1,362
Year acquired/constructed	2001
2029-2035 McKenzie Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	1,586
Initial Cost of Land	306
Building and improvements	1,870
Costs capitalized subsequent to acquisition or completion and valuation provision	234
Land	306
Building and improvements	2,104
Total	2,410
Accumulated depreciation 12/31/2011	543
Year acquired/constructed	2001
1420 Valwood Parkway-Bldg II [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	373
Building and improvements	2,116
Costs capitalized subsequent to acquisition or completion and valuation provision	300
Land	366
Building and improvements	2,423
Total	2,789
Accumulated depreciation 12/31/2011	616
Year acquired/constructed	2001
2009 McKenzie Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	2,460
Initial Cost of Land	476
Building and improvements	2,699
Costs capitalized subsequent to acquisition or completion and valuation provision	379
Land	481
Building and improvements	3,073
Total	3,554
Accumulated depreciation 12/31/2011	890
Year acquired/constructed	2001
2015 McKenzie Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	2,629
Initial Cost of Land	510
Building and improvements	2,891
Costs capitalized subsequent to acquisition or completion and valuation provision	397
Land	516
Building and improvements	3,282
Total	3,798
Accumulated depreciation 12/31/2011	942
Year acquired/constructed	2001
1505 Luna Road-Bldg I [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carrolton, TX
Encumbrances	0
Initial Cost of Land	521
Building and improvements	2,953
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,965)
Land	129
Building and improvements	1,380
Total	1,509
Accumulated depreciation 12/31/2011	735
Year acquired/constructed	2001
900-1100 Avenue S [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Grand Prairie, TX
Encumbrances	2,679
Initial Cost of Land	623
Building and improvements	3,528
Costs capitalized subsequent to acquisition or completion and valuation provision	1,395
Land	629
Building and improvements	4,917
Total	5,546
Accumulated depreciation 12/31/2011	1,267
Year acquired/constructed	2002
Plano Crossing (f) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Plano, TX
Encumbrances	9,699
Initial Cost of Land	1,961
Building and improvements	11,112
Costs capitalized subsequent to acquisition or completion and valuation provision	940
Land	1,981
Building and improvements	12,032
Total	14,013
Accumulated depreciation 12/31/2011	2,989
Year acquired/constructed	2002
7413A-C Dogwood Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	110
Building and improvements	623
Costs capitalized subsequent to acquisition or completion and valuation provision	249
Land	111
Building and improvements	871
Total	982
Accumulated depreciation 12/31/2011	197
Year acquired/constructed	2002
7450 Tower Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	36
Building and improvements	204
Costs capitalized subsequent to acquisition or completion and valuation provision	103
Land	36
Building and improvements	307
Total	343
Accumulated depreciation 12/31/2011	80
Year acquired/constructed	2002
7436 Tower Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	57
Building and improvements	324
Costs capitalized subsequent to acquisition or completion and valuation provision	195
Land	58
Building and improvements	518
Total	576
Accumulated depreciation 12/31/2011	98
Year acquired/constructed	2002
7426 Tower Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	76
Building and improvements	429
Costs capitalized subsequent to acquisition or completion and valuation provision	240
Land	76
Building and improvements	669
Total	745
Accumulated depreciation 12/31/2011	152
Year acquired/constructed	2002
7427-7429 Tower Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	75
Building and improvements	427
Costs capitalized subsequent to acquisition or completion and valuation provision	130
Land	76
Building and improvements	556
Total	632
Accumulated depreciation 12/31/2011	136
Year acquired/constructed	2002
2840-2842 Handley Ederville Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	112
Building and improvements	635
Costs capitalized subsequent to acquisition or completion and valuation provision	51
Land	113
Building and improvements	685
Total	798
Accumulated depreciation 12/31/2011	161
Year acquired/constructed	2002
7451-7477 Airport Freeway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	1,347
Initial Cost of Land	256
Building and improvements	1,453
Costs capitalized subsequent to acquisition or completion and valuation provision	309
Land	259
Building and improvements	1,759
Total	2,018
Accumulated depreciation 12/31/2011	433
Year acquired/constructed	2002
7450 Whitehall Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	0
Initial Cost of Land	104
Building and improvements	591
Costs capitalized subsequent to acquisition or completion and valuation provision	414
Land	105
Building and improvements	1,004
Total	1,109
Accumulated depreciation 12/31/2011	210
Year acquired/constructed	2002
3000 Wesley Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	892
Initial Cost of Land	208
Building and improvements	1,181
Costs capitalized subsequent to acquisition or completion and valuation provision	18
Land	211
Building and improvements	1,196
Total	1,407
Accumulated depreciation 12/31/2011	277
Year acquired/constructed	2002
7451 Dogwood Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Hills, TX
Encumbrances	602
Initial Cost of Land	133
Building and improvements	753
Costs capitalized subsequent to acquisition or completion and valuation provision	29
Land	134
Building and improvements	781
Total	915
Accumulated depreciation 12/31/2011	187
Year acquired/constructed	2002
825-827 Avenue H (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Arlington, TX
Encumbrances	0
Initial Cost of Land	600
Building and improvements	3,006
Costs capitalized subsequent to acquisition or completion and valuation provision	33
Land	604
Building and improvements	3,035
Total	3,639
Accumulated depreciation 12/31/2011	906
Year acquired/constructed	2004
1013-31 Avenue M [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Grand Prairie, TX
Encumbrances	0
Initial Cost of Land	300
Building and improvements	1,504
Costs capitalized subsequent to acquisition or completion and valuation provision	227
Land	302
Building and improvements	1,729
Total	2,031
Accumulated depreciation 12/31/2011	402
Year acquired/constructed	2004
1172-84 113th Street D [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Grand Prairie, TX
Encumbrances	2,077
Initial Cost of Land	700
Building and improvements	3,509
Costs capitalized subsequent to acquisition or completion and valuation provision	(94)
Land	704
Building and improvements	3,411
Total	4,115
Accumulated depreciation 12/31/2011	866
Year acquired/constructed	2004
1200-16 Avenue H (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Arlington, TX
Encumbrances	1,838
Initial Cost of Land	600
Building and improvements	2,846
Costs capitalized subsequent to acquisition or completion and valuation provision	248
Land	604
Building and improvements	3,090
Total	3,694
Accumulated depreciation 12/31/2011	682
Year acquired/constructed	2004
1322-66 N. Carrier Parkway (e) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Grand Prairie, TX
Encumbrances	0
Initial Cost of Land	1,000
Building and improvements	5,012
Costs capitalized subsequent to acquisition or completion and valuation provision	131
Land	1,006
Building and improvements	5,137
Total	6,143
Accumulated depreciation 12/31/2011	1,262
Year acquired/constructed	2004
2401-2407 Centennial [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Arlington, TX
Encumbrances	2,266
Initial Cost of Land	600
Building and improvements	2,534
Costs capitalized subsequent to acquisition or completion and valuation provision	45
Land	604
Building and improvements	2,575
Total	3,179
Accumulated depreciation 12/31/2011	834
Year acquired/constructed	2004
3111 West Commerce [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Dallas, TX
Encumbrances	0
Initial Cost of Land	1,000
Building and improvements	3,364
Costs capitalized subsequent to acquisition or completion and valuation provision	101
Land	1,011
Building and improvements	3,454
Total	4,465
Accumulated depreciation 12/31/2011	1,225
Year acquired/constructed	2004
9150 North Royal Lane [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Irving, TX
Encumbrances	0
Initial Cost of Land	818
Building and improvements	3,767
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,939)
Land	344
Building and improvements	2,302
Total	2,646
Accumulated depreciation 12/31/2011	893
Year acquired/constructed	2005
13800 Senlac Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmers Ranch, TX
Encumbrances	0
Initial Cost of Land	823
Building and improvements	4,042
Costs capitalized subsequent to acquisition or completion and valuation provision	(89)
Land	825
Building and improvements	3,951
Total	4,776
Accumulated depreciation 12/31/2011	837
Year acquired/constructed	2005
801-831 S Great Southwest (g) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Grand Prairie, TX
Encumbrances	0
Initial Cost of Land	2,581
Building and improvements	16,556
Costs capitalized subsequent to acquisition or completion and valuation provision	(876)
Land	2,586
Building and improvements	15,675
Total	18,261
Accumulated depreciation 12/31/2011	5,220
Year acquired/constructed	2005
801-842 Heinz Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Grand Prairie, TX
Encumbrances	2,979
Initial Cost of Land	599
Building and improvements	3,327
Costs capitalized subsequent to acquisition or completion and valuation provision	349
Land	601
Building and improvements	3,674
Total	4,275
Accumulated depreciation 12/31/2011	1,206
Year acquired/constructed	2005
901-937 Heinz Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Grand Prairie, TX
Encumbrances	2,204
Initial Cost of Land	493
Building and improvements	2,758
Costs capitalized subsequent to acquisition or completion and valuation provision	(14)
Land	481
Building and improvements	2,756
Total	3,237
Accumulated depreciation 12/31/2011	1,008
Year acquired/constructed	2005
3301 Century Circle [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Irving, TX
Encumbrances	2,578
Initial Cost of Land	760
Building and improvements	3,856
Costs capitalized subsequent to acquisition or completion and valuation provision	204
Land	771
Building and improvements	4,049
Total	4,820
Accumulated depreciation 12/31/2011	665
Year acquired/constructed	2007
First Garland Dist Ctr.[Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Garland, TX
Encumbrances	0
Initial Cost of Land	1,912
Costs capitalized subsequent to acquisition or completion and valuation provision	14,941
Land	1,947
Building and improvements	14,906
Total	16,853
Accumulated depreciation 12/31/2011	1,887
Year acquired/constructed	2008
4785 Elati [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	173
Building and improvements	981
Costs capitalized subsequent to acquisition or completion and valuation provision	169
Land	175
Building and improvements	1,148
Total	1,323
Accumulated depreciation 12/31/2011	365
Year acquired/constructed	1997
4770 Fox Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	132
Building and improvements	750
Costs capitalized subsequent to acquisition or completion and valuation provision	201
Land	134
Building and improvements	949
Total	1,083
Accumulated depreciation 12/31/2011	306
Year acquired/constructed	1997
3871 Revere [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	1,300
Initial Cost of Land	361
Building and improvements	2,047
Costs capitalized subsequent to acquisition or completion and valuation provision	282
Land	368
Building and improvements	2,322
Total	2,690
Accumulated depreciation 12/31/2011	786
Year acquired/constructed	1997
4570 Ivy Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	1,087
Initial Cost of Land	219
Building and improvements	1,239
Costs capitalized subsequent to acquisition or completion and valuation provision	256
Land	220
Building and improvements	1,494
Total	1,714
Accumulated depreciation 12/31/2011	511
Year acquired/constructed	1997
5855 Stapleton Drive North [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	1,339
Initial Cost of Land	288
Building and improvements	1,630
Costs capitalized subsequent to acquisition or completion and valuation provision	194
Land	290
Building and improvements	1,822
Total	2,112
Accumulated depreciation 12/31/2011	635
Year acquired/constructed	1997
5885 Stapleton Drive North [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	1,811
Initial Cost of Land	376
Building and improvements	2,129
Costs capitalized subsequent to acquisition or completion and valuation provision	350
Land	380
Building and improvements	2,475
Total	2,855
Accumulated depreciation 12/31/2011	902
Year acquired/constructed	1997
5977-5995 North Broadway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	1,397
Initial Cost of Land	268
Building and improvements	1,518
Costs capitalized subsequent to acquisition or completion and valuation provision	306
Land	271
Building and improvements	1,821
Total	2,092
Accumulated depreciation 12/31/2011	605
Year acquired/constructed	1997
5952-5978 North Broadway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	2,397
Initial Cost of Land	414
Building and improvements	2,346
Costs capitalized subsequent to acquisition or completion and valuation provision	831
Land	422
Building and improvements	3,169
Total	3,591
Accumulated depreciation 12/31/2011	1,096
Year acquired/constructed	1997
4721 Ironton Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	232
Building and improvements	1,313
Costs capitalized subsequent to acquisition or completion and valuation provision	24
Land	236
Building and improvements	1,333
Total	1,569
Accumulated depreciation 12/31/2011	441
Year acquired/constructed	1997
East 47th Drive - A [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	441
Building and improvements	2,689
Costs capitalized subsequent to acquisition or completion and valuation provision	(30)
Land	441
Building and improvements	2,659
Total	3,100
Accumulated depreciation 12/31/2011	953
Year acquired/constructed	1997
9500 West 49th Street - A [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Wheatridge, CO
Encumbrances	0
Initial Cost of Land	283
Building and improvements	1,625
Costs capitalized subsequent to acquisition or completion and valuation provision	71
Land	287
Building and improvements	1,692
Total	1,979
Accumulated depreciation 12/31/2011	620
Year acquired/constructed	1997
9500 West 49th Street - B [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Wheatridge, CO
Encumbrances	0
Initial Cost of Land	225
Building and improvements	1,272
Costs capitalized subsequent to acquisition or completion and valuation provision	192
Land	227
Building and improvements	1,462
Total	1,689
Accumulated depreciation 12/31/2011	535
Year acquired/constructed	1997
9500 West 49th Street - C [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Wheatridge, CO
Encumbrances	0
Initial Cost of Land	600
Building and improvements	3,409
Costs capitalized subsequent to acquisition or completion and valuation provision	114
Land	601
Building and improvements	3,522
Total	4,123
Accumulated depreciation 12/31/2011	1,254
Year acquired/constructed	1997
9500 West 49th Street - D [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Wheatridge, CO
Encumbrances	0
Initial Cost of Land	246
Building and improvements	1,537
Costs capitalized subsequent to acquisition or completion and valuation provision	400
Land	247
Building and improvements	1,936
Total	2,183
Accumulated depreciation 12/31/2011	694
Year acquired/constructed	1997
451-591 East 124th Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Littleton, CO
Encumbrances	0
Initial Cost of Land	383
Building and improvements	2,145
Costs capitalized subsequent to acquisition or completion and valuation provision	96
Land	383
Building and improvements	2,241
Total	2,624
Accumulated depreciation 12/31/2011	704
Year acquired/constructed	1997
608 Garrison Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lakewood, CO
Encumbrances	0
Initial Cost of Land	265
Building and improvements	1,501
Costs capitalized subsequent to acquisition or completion and valuation provision	419
Land	269
Building and improvements	1,916
Total	2,185
Accumulated depreciation 12/31/2011	677
Year acquired/constructed	1997
610 Garrison Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lakewood, CO
Encumbrances	0
Initial Cost of Land	264
Building and improvements	1,494
Costs capitalized subsequent to acquisition or completion and valuation provision	445
Land	265
Building and improvements	1,938
Total	2,203
Accumulated depreciation 12/31/2011	659
Year acquired/constructed	1997
15000 West 6th Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Golden, CO
Encumbrances	0
Initial Cost of Land	913
Building and improvements	5,174
Costs capitalized subsequent to acquisition or completion and valuation provision	868
Land	918
Building and improvements	6,037
Total	6,955
Accumulated depreciation 12/31/2011	2,089
Year acquired/constructed	1997
14998 West 6th Avenue Bldg E [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Golden, CO
Encumbrances	0
Initial Cost of Land	565
Building and improvements	3,199
Costs capitalized subsequent to acquisition or completion and valuation provision	342
Land	570
Building and improvements	3,536
Total	4,106
Accumulated depreciation 12/31/2011	1,256
Year acquired/constructed	1997
14998 West 6 th Avenue Bldg F [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Englewood, CO
Encumbrances	0
Initial Cost of Land	269
Building and improvements	1,525
Costs capitalized subsequent to acquisition or completion and valuation provision	104
Land	273
Building and improvements	1,625
Total	1,898
Accumulated depreciation 12/31/2011	561
Year acquired/constructed	1997
12503 East Euclid Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	1,208
Building and improvements	6,905
Costs capitalized subsequent to acquisition or completion and valuation provision	364
Land	1,036
Building and improvements	7,441
Total	8,477
Accumulated depreciation 12/31/2011	2,710
Year acquired/constructed	1997
6547 South Racine Circle [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Englewood, CO
Encumbrances	2,958
Initial Cost of Land	739
Building and improvements	4,241
Costs capitalized subsequent to acquisition or completion and valuation provision	328
Land	739
Building and improvements	4,569
Total	5,308
Accumulated depreciation 12/31/2011	1,657
Year acquired/constructed	1997
11701 East 53rd Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	416
Building and improvements	2,355
Costs capitalized subsequent to acquisition or completion and valuation provision	262
Land	422
Building and improvements	2,611
Total	3,033
Accumulated depreciation 12/31/2011	927
Year acquired/constructed	1997
5401 Oswego Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	273
Building and improvements	1,547
Costs capitalized subsequent to acquisition or completion and valuation provision	343
Land	278
Building and improvements	1,885
Total	2,163
Accumulated depreciation 12/31/2011	660
Year acquired/constructed	1997
14818 West 6th Avenue Bldg A [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Golden, CO
Encumbrances	0
Initial Cost of Land	468
Building and improvements	2,799
Costs capitalized subsequent to acquisition or completion and valuation provision	327
Land	468
Building and improvements	3,126
Total	3,594
Accumulated depreciation 12/31/2011	1,174
Year acquired/constructed	1997
14818 West 6th Avenue Bldg B [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Golden, CO
Encumbrances	0
Initial Cost of Land	503
Building and improvements	2,942
Costs capitalized subsequent to acquisition or completion and valuation provision	214
Land	503
Building and improvements	3,156
Total	3,659
Accumulated depreciation 12/31/2011	1,102
Year acquired/constructed	1997
445 Bryant Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	7,196
Initial Cost of Land	1,829
Building and improvements	10,219
Costs capitalized subsequent to acquisition or completion and valuation provision	2,848
Land	1,829
Building and improvements	13,067
Total	14,896
Accumulated depreciation 12/31/2011	4,219
Year acquired/constructed	1998
3811 Joliet [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	735
Building and improvements	4,166
Costs capitalized subsequent to acquisition or completion and valuation provision	448
Land	752
Building and improvements	4,597
Total	5,349
Accumulated depreciation 12/31/2011	1,566
Year acquired/constructed	1998
12055 E 49th Ave/4955 Peoria [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	298
Building and improvements	1,688
Costs capitalized subsequent to acquisition or completion and valuation provision	524
Land	305
Building and improvements	2,205
Total	2,510
Accumulated depreciation 12/31/2011	721
Year acquired/constructed	1998
4940 - 4950 Paris [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	152
Building and improvements	861
Costs capitalized subsequent to acquisition or completion and valuation provision	248
Land	156
Building and improvements	1,105
Total	1,261
Accumulated depreciation 12/31/2011	345
Year acquired/constructed	1998
4970 Paris [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	0
Initial Cost of Land	95
Building and improvements	537
Costs capitalized subsequent to acquisition or completion and valuation provision	144
Land	97
Building and improvements	679
Total	776
Accumulated depreciation 12/31/2011	228
Year acquired/constructed	1998
7367 South Revere Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Englewood, CO
Encumbrances	3,327
Initial Cost of Land	926
Building and improvements	5,124
Costs capitalized subsequent to acquisition or completion and valuation provision	836
Land	934
Building and improvements	5,952
Total	6,886
Accumulated depreciation 12/31/2011	2,274
Year acquired/constructed	1998
8200 East Park Meadows Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lone Tree, CO
Initial Cost of Land	1,297
Building and improvements	7,348
Costs capitalized subsequent to acquisition or completion and valuation provision	1,179
Land	1,304
Building and improvements	8,520
Total	9,824
Accumulated depreciation 12/31/2011	2,467
Year acquired/constructed	2000
3250 Quentin [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Aurora, CO
Initial Cost of Land	1,220
Building and improvements	6,911
Costs capitalized subsequent to acquisition or completion and valuation provision	657
Land	1,230
Building and improvements	7,558
Total	8,788
Accumulated depreciation 12/31/2011	2,155
Year acquired/constructed	2000
Highpoint Bus Ctr B [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Littleton, CO
Initial Cost of Land	739
Costs capitalized subsequent to acquisition or completion and valuation provision	3,408
Land	781
Building and improvements	3,366
Total	4,147
Accumulated depreciation 12/31/2011	807
Year acquired/constructed	2000
1130 W. 124th Ave. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westminster, CO
Initial Cost of Land	441
Costs capitalized subsequent to acquisition or completion and valuation provision	3,889
Land	441
Building and improvements	3,889
Total	4,330
Accumulated depreciation 12/31/2011	1,388
Year acquired/constructed	2000
1070 W. 124th Ave. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westminster, CO
Initial Cost of Land	374
Costs capitalized subsequent to acquisition or completion and valuation provision	2,792
Land	374
Building and improvements	2,792
Total	3,166
Accumulated depreciation 12/31/2011	680
Year acquired/constructed	2000
1020 W. 124th Ave. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westminster, CO
Initial Cost of Land	374
Costs capitalized subsequent to acquisition or completion and valuation provision	2,784
Land	374
Building and improvements	2,784
Total	3,158
Accumulated depreciation 12/31/2011	708
Year acquired/constructed	2000
Jeffco Bus Ctr Phase I [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Broomfield, CO
Initial Cost of Land	312
Costs capitalized subsequent to acquisition or completion and valuation provision	1,395
Land	370
Building and improvements	1,337
Total	1,707
Accumulated depreciation 12/31/2011	329
Year acquired/constructed	2001
960 W. 124th Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Westminster, CO
Initial Cost of Land	441
Costs capitalized subsequent to acquisition or completion and valuation provision	3,477
Land	442
Building and improvements	3,476
Total	3,918
Accumulated depreciation 12/31/2011	1,037
Year acquired/constructed	2001
8820 W. 116th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Broomfield, CO
Initial Cost of Land	338
Building and improvements	1,918
Costs capitalized subsequent to acquisition or completion and valuation provision	330
Land	372
Building and improvements	2,214
Total	2,586
Accumulated depreciation 12/31/2011	490
Year acquired/constructed	2003
8835 W. 116th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Broomfield, CO
Initial Cost of Land	1,151
Building and improvements	6,523
Costs capitalized subsequent to acquisition or completion and valuation provision	1,154
Land	1,304
Building and improvements	7,524
Total	8,828
Accumulated depreciation 12/31/2011	1,575
Year acquired/constructed	2003
18150 E. 32nd Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Aurora, CO
Encumbrances	1,959
Initial Cost of Land	563
Building and improvements	3,188
Costs capitalized subsequent to acquisition or completion and valuation provision	305
Land	572
Building and improvements	3,484
Total	4,056
Accumulated depreciation 12/31/2011	861
Year acquired/constructed	2004
3400 Fraser Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Aurora, CO
Encumbrances	2,439
Initial Cost of Land	616
Building and improvements	3,593
Costs capitalized subsequent to acquisition or completion and valuation provision	(168)
Land	620
Building and improvements	3,421
Total	4,041
Accumulated depreciation 12/31/2011	716
Year acquired/constructed	2005
7005 E. 46th Avenue Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	1,479
Initial Cost of Land	512
Building and improvements	2,025
Costs capitalized subsequent to acquisition or completion and valuation provision	95
Land	517
Building and improvements	2,115
Total	2,632
Accumulated depreciation 12/31/2011	495
Year acquired/constructed	2005
4001 Salazar Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Frederick, CO
Encumbrances	4,189
Initial Cost of Land	1,271
Building and improvements	6,508
Costs capitalized subsequent to acquisition or completion and valuation provision	(88)
Land	1,276
Building and improvements	6,415
Total	7,691
Accumulated depreciation 12/31/2011	1,364
Year acquired/constructed	2006
5909-5915 N. Broadway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Denver, CO
Encumbrances	952
Initial Cost of Land	495
Building and improvements	1,268
Costs capitalized subsequent to acquisition or completion and valuation provision	85
Land	500
Building and improvements	1,348
Total	1,848
Accumulated depreciation 12/31/2011	368
Year acquired/constructed	2006
555 Corporate Circle [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Golden, CO
Initial Cost of Land	499
Building and improvements	2,673
Costs capitalized subsequent to acquisition or completion and valuation provision	2,156
Land	559
Building and improvements	4,769
Total	5,328
Accumulated depreciation 12/31/2011	684
Year acquired/constructed	2006
1731 Thorncroft [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	331
Building and improvements	1,904
Costs capitalized subsequent to acquisition or completion and valuation provision	189
Land	331
Building and improvements	2,093
Total	2,424
Accumulated depreciation 12/31/2011	880
Year acquired/constructed	1994
47461 Clipper [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Plymouth Township, MI
Initial Cost of Land	122
Building and improvements	723
Costs capitalized subsequent to acquisition or completion and valuation provision	66
Land	122
Building and improvements	789
Total	911
Accumulated depreciation 12/31/2011	348
Year acquired/constructed	1994
238 Executive Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	52
Building and improvements	173
Costs capitalized subsequent to acquisition or completion and valuation provision	514
Land	100
Building and improvements	639
Total	739
Accumulated depreciation 12/31/2011	566
Year acquired/constructed	1994
449 Executive Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	125
Building and improvements	425
Costs capitalized subsequent to acquisition or completion and valuation provision	1,057
Land	218
Building and improvements	1,389
Total	1,607
Accumulated depreciation 12/31/2011	1,195
Year acquired/constructed	1994
501 Executive Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	71
Building and improvements	236
Costs capitalized subsequent to acquisition or completion and valuation provision	600
Land	129
Building and improvements	778
Total	907
Accumulated depreciation 12/31/2011	582
Year acquired/constructed	1994
451 Robbins Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	96
Building and improvements	448
Costs capitalized subsequent to acquisition or completion and valuation provision	889
Land	192
Building and improvements	1,241
Total	1,433
Accumulated depreciation 12/31/2011	1,105
Year acquired/constructed	1994
1095 Crooks Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	331
Building and improvements	1,017
Costs capitalized subsequent to acquisition or completion and valuation provision	2,271
Land	360
Building and improvements	3,259
Total	3,619
Accumulated depreciation 12/31/2011	2,057
Year acquired/constructed	1994
1416 Meijer Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	94
Building and improvements	394
Costs capitalized subsequent to acquisition or completion and valuation provision	516
Land	121
Building and improvements	883
Total	1,004
Accumulated depreciation 12/31/2011	806
Year acquired/constructed	1994
1624 Meijer Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	236
Building and improvements	1,406
Costs capitalized subsequent to acquisition or completion and valuation provision	1,055
Land	373
Building and improvements	2,324
Total	2,697
Accumulated depreciation 12/31/2011	1,852
Year acquired/constructed	1994
1972 Meijer Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	315
Building and improvements	1,301
Costs capitalized subsequent to acquisition or completion and valuation provision	738
Land	372
Building and improvements	1,982
Total	2,354
Accumulated depreciation 12/31/2011	1,531
Year acquired/constructed	1994
1621 Northwood Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	85
Building and improvements	351
Costs capitalized subsequent to acquisition or completion and valuation provision	1,014
Land	215
Building and improvements	1,235
Total	1,450
Accumulated depreciation 12/31/2011	1,158
Year acquired/constructed	1994
1707 Northwood Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	95
Building and improvements	262
Costs capitalized subsequent to acquisition or completion and valuation provision	1,316
Land	239
Building and improvements	1,434
Total	1,673
Accumulated depreciation 12/31/2011	1,178
Year acquired/constructed	1994
1788 Northwood Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Encumbrances	0
Initial Cost of Land	50
Building and improvements	196
Costs capitalized subsequent to acquisition or completion and valuation provision	483
Land	103
Building and improvements	626
Total	729
Accumulated depreciation 12/31/2011	560
Year acquired/constructed	1994
1821 Northwood Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Encumbrances	0
Initial Cost of Land	132
Building and improvements	523
Costs capitalized subsequent to acquisition or completion and valuation provision	855
Land	220
Building and improvements	1,290
Total	1,510
Accumulated depreciation 12/31/2011	1,165
Year acquired/constructed	1994
1826 Northwood Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Encumbrances	0
Initial Cost of Land	55
Building and improvements	208
Costs capitalized subsequent to acquisition or completion and valuation provision	472
Land	103
Building and improvements	632
Total	735
Accumulated depreciation 12/31/2011	550
Year acquired/constructed	1994
1864 Northwood Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Encumbrances	0
Initial Cost of Land	57
Building and improvements	190
Costs capitalized subsequent to acquisition or completion and valuation provision	489
Land	107
Building and improvements	629
Total	736
Accumulated depreciation 12/31/2011	568
Year acquired/constructed	1994
2277 Elliott Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Encumbrances	0
Initial Cost of Land	48
Building and improvements	188
Costs capitalized subsequent to acquisition or completion and valuation provision	389
Land	29
Building and improvements	596
Total	625
Accumulated depreciation 12/31/2011	546
Year acquired/constructed	1994
2451 Elliott Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Encumbrances	0
Initial Cost of Land	78
Building and improvements	319
Costs capitalized subsequent to acquisition or completion and valuation provision	739
Land	164
Building and improvements	972
Total	1,136
Accumulated depreciation 12/31/2011	902
Year acquired/constructed	1994
2730 Research Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Encumbrances	0
Initial Cost of Land	903
Building and improvements	4,215
Costs capitalized subsequent to acquisition or completion and valuation provision	1,402
Land	903
Building and improvements	5,617
Total	6,520
Accumulated depreciation 12/31/2011	3,937
Year acquired/constructed	1994
2791 Research Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Encumbrances	0
Initial Cost of Land	557
Building and improvements	2,731
Costs capitalized subsequent to acquisition or completion and valuation provision	720
Land	560
Building and improvements	3,448
Total	4,008
Accumulated depreciation 12/31/2011	2,358
Year acquired/constructed	1994
2871 Research Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Encumbrances	0
Initial Cost of Land	324
Building and improvements	1,487
Costs capitalized subsequent to acquisition or completion and valuation provision	570
Land	327
Building and improvements	2,054
Total	2,381
Accumulated depreciation 12/31/2011	1,346
Year acquired/constructed	1994
3011 Research Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Encumbrances	0
Initial Cost of Land	457
Building and improvements	2,104
Costs capitalized subsequent to acquisition or completion and valuation provision	687
Land	457
Building and improvements	2,791
Total	3,248
Accumulated depreciation 12/31/2011	1,941
Year acquired/constructed	1994
2870 Technology Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Initial Cost of Land	275
Building and improvements	1,262
Costs capitalized subsequent to acquisition or completion and valuation provision	292
Land	279
Building and improvements	1,550
Total	1,829
Accumulated depreciation 12/31/2011	1,133
Year acquired/constructed	1994
2900 Technology Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Initial Cost of Land	214
Building and improvements	977
Costs capitalized subsequent to acquisition or completion and valuation provision	562
Land	219
Building and improvements	1,534
Total	1,753
Accumulated depreciation 12/31/2011	856
Year acquired/constructed	1994
2930 Technology Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Initial Cost of Land	131
Building and improvements	594
Costs capitalized subsequent to acquisition or completion and valuation provision	379
Land	138
Building and improvements	966
Total	1,104
Accumulated depreciation 12/31/2011	598
Year acquired/constructed	1994
2950 Technology Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Initial Cost of Land	178
Building and improvements	819
Costs capitalized subsequent to acquisition or completion and valuation provision	381
Land	185
Building and improvements	1,193
Total	1,378
Accumulated depreciation 12/31/2011	820
Year acquired/constructed	1994
23014 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	39
Building and improvements	203
Costs capitalized subsequent to acquisition or completion and valuation provision	216
Land	56
Building and improvements	402
Total	458
Accumulated depreciation 12/31/2011	302
Year acquired/constructed	1994
23028 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	98
Building and improvements	507
Costs capitalized subsequent to acquisition or completion and valuation provision	285
Land	125
Building and improvements	765
Total	890
Accumulated depreciation 12/31/2011	611
Year acquired/constructed	1994
23035 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	71
Building and improvements	355
Costs capitalized subsequent to acquisition or completion and valuation provision	278
Land	93
Building and improvements	611
Total	704
Accumulated depreciation 12/31/2011	487
Year acquired/constructed	1994
23042 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmintgon Hills, MI
Initial Cost of Land	67
Building and improvements	277
Costs capitalized subsequent to acquisition or completion and valuation provision	273
Land	89
Building and improvements	528
Total	617
Accumulated depreciation 12/31/2011	444
Year acquired/constructed	1994
23065 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	71
Building and improvements	408
Costs capitalized subsequent to acquisition or completion and valuation provision	285
Land	93
Building and improvements	671
Total	764
Accumulated depreciation 12/31/2011	477
Year acquired/constructed	1994
23079 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	68
Building and improvements	301
Costs capitalized subsequent to acquisition or completion and valuation provision	290
Land	79
Building and improvements	580
Total	659
Accumulated depreciation 12/31/2011	431
Year acquired/constructed	1994
23093 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	211
Building and improvements	1,024
Costs capitalized subsequent to acquisition or completion and valuation provision	805
Land	295
Building and improvements	1,745
Total	2,040
Accumulated depreciation 12/31/2011	1,423
Year acquired/constructed	1994
23135 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	146
Building and improvements	701
Costs capitalized subsequent to acquisition or completion and valuation provision	392
Land	158
Building and improvements	1,081
Total	1,239
Accumulated depreciation 12/31/2011	753
Year acquired/constructed	1994
23163 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	111
Building and improvements	513
Costs capitalized subsequent to acquisition or completion and valuation provision	341
Land	138
Building and improvements	827
Total	965
Accumulated depreciation 12/31/2011	605
Year acquired/constructed	1994
23177 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	175
Building and improvements	1,007
Costs capitalized subsequent to acquisition or completion and valuation provision	566
Land	254
Building and improvements	1,494
Total	1,748
Accumulated depreciation 12/31/2011	1,119
Year acquired/constructed	1994
23206 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	125
Building and improvements	531
Costs capitalized subsequent to acquisition or completion and valuation provision	367
Land	137
Building and improvements	886
Total	1,023
Accumulated depreciation 12/31/2011	629
Year acquired/constructed	1994
23370 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Farmington Hills, MI
Initial Cost of Land	59
Building and improvements	233
Costs capitalized subsequent to acquisition or completion and valuation provision	175
Land	66
Building and improvements	401
Total	467
Accumulated depreciation 12/31/2011	372
Year acquired/constructed	1994
6515 Cobb Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Sterling Heights, MI
Initial Cost of Land	305
Building and improvements	1,753
Costs capitalized subsequent to acquisition or completion and valuation provision	242
Land	305
Building and improvements	1,995
Total	2,300
Accumulated depreciation 12/31/2011	830
Year acquired/constructed	1994
1451 East Lincoln Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Madison Heights, MI
Initial Cost of Land	299
Building and improvements	1,703
Costs capitalized subsequent to acquisition or completion and valuation provision	(476)
Land	148
Building and improvements	1,378
Total	1,526
Accumulated depreciation 12/31/2011	773
Year acquired/constructed	1995
4400 Purks Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Auburn Hills, MI
Initial Cost of Land	602
Building and improvements	3,410
Costs capitalized subsequent to acquisition or completion and valuation provision	3,300
Land	612
Building and improvements	6,700
Total	7,312
Accumulated depreciation 12/31/2011	2,494
Year acquired/constructed	1995
32450 N Avis Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Madison Heights, MI
Initial Cost of Land	281
Building and improvements	1,590
Costs capitalized subsequent to acquisition or completion and valuation provision	529
Land	286
Building and improvements	2,114
Total	2,400
Accumulated depreciation 12/31/2011	779
Year acquired/constructed	1996
12707 Eckles Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Plymouth Township, MI
Initial Cost of Land	255
Building and improvements	1,445
Costs capitalized subsequent to acquisition or completion and valuation provision	243
Land	267
Building and improvements	1,676
Total	1,943
Accumulated depreciation 12/31/2011	617
Year acquired/constructed	1996
9300-9328 Harrison Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	147
Building and improvements	834
Costs capitalized subsequent to acquisition or completion and valuation provision	395
Land	154
Building and improvements	1,222
Total	1,376
Accumulated depreciation 12/31/2011	430
Year acquired/constructed	1996
9330-9358 Harrison Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	81
Building and improvements	456
Costs capitalized subsequent to acquisition or completion and valuation provision	271
Land	85
Building and improvements	723
Total	808
Accumulated depreciation 12/31/2011	259
Year acquired/constructed	1996
28420-28448 Highland Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	143
Building and improvements	809
Costs capitalized subsequent to acquisition or completion and valuation provision	268
Land	149
Building and improvements	1,071
Total	1,220
Accumulated depreciation 12/31/2011	370
Year acquired/constructed	1996
28450-28478 Highland Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	81
Building and improvements	461
Costs capitalized subsequent to acquisition or completion and valuation provision	602
Land	85
Building and improvements	1,059
Total	1,144
Accumulated depreciation 12/31/2011	359
Year acquired/constructed	1996
28421-28449 Highland Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	109
Building and improvements	617
Costs capitalized subsequent to acquisition or completion and valuation provision	491
Land	114
Building and improvements	1,103
Total	1,217
Accumulated depreciation 12/31/2011	393
Year acquired/constructed	1996
28451-28479 Highland Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	107
Building and improvements	608
Costs capitalized subsequent to acquisition or completion and valuation provision	380
Land	112
Building and improvements	983
Total	1,095
Accumulated depreciation 12/31/2011	325
Year acquired/constructed	1996
28825-28909 Highland Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	70
Building and improvements	395
Costs capitalized subsequent to acquisition or completion and valuation provision	314
Land	73
Building and improvements	706
Total	779
Accumulated depreciation 12/31/2011	279
Year acquired/constructed	1996
28933-29017 Highland Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	112
Building and improvements	634
Costs capitalized subsequent to acquisition or completion and valuation provision	255
Land	117
Building and improvements	884
Total	1,001
Accumulated depreciation 12/31/2011	295
Year acquired/constructed	1996
28824-28908 Highland Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	134
Building and improvements	760
Costs capitalized subsequent to acquisition or completion and valuation provision	441
Land	140
Building and improvements	1,195
Total	1,335
Accumulated depreciation 12/31/2011	373
Year acquired/constructed	1996
28932-29016 Highland Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	123
Building and improvements	694
Costs capitalized subsequent to acquisition or completion and valuation provision	453
Land	128
Building and improvements	1,142
Total	1,270
Accumulated depreciation 12/31/2011	343
Year acquired/constructed	1996
9710-9734 Harrison Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	125
Building and improvements	706
Costs capitalized subsequent to acquisition or completion and valuation provision	412
Land	130
Building and improvements	1,113
Total	1,243
Accumulated depreciation 12/31/2011	336
Year acquired/constructed	1996
9740-9772 Harrison Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	132
Building and improvements	749
Costs capitalized subsequent to acquisition or completion and valuation provision	311
Land	138
Building and improvements	1,054
Total	1,192
Accumulated depreciation 12/31/2011	354
Year acquired/constructed	1996
9840-9868 Harrison Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	144
Building and improvements	815
Costs capitalized subsequent to acquisition or completion and valuation provision	262
Land	151
Building and improvements	1,070
Total	1,221
Accumulated depreciation 12/31/2011	352
Year acquired/constructed	1996
9800-9824 Harrison Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	117
Building and improvements	664
Costs capitalized subsequent to acquisition or completion and valuation provision	343
Land	123
Building and improvements	1,001
Total	1,124
Accumulated depreciation 12/31/2011	325
Year acquired/constructed	1996
29265-29285 Airport Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	140
Building and improvements	794
Costs capitalized subsequent to acquisition or completion and valuation provision	299
Land	147
Building and improvements	1,086
Total	1,233
Accumulated depreciation 12/31/2011	412
Year acquired/constructed	1996
29185-29225 Airport Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	140
Building and improvements	792
Costs capitalized subsequent to acquisition or completion and valuation provision	502
Land	146
Building and improvements	1,288
Total	1,434
Accumulated depreciation 12/31/2011	400
Year acquired/constructed	1996
29149-29165 Airport Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	216
Building and improvements	1,225
Costs capitalized subsequent to acquisition or completion and valuation provision	248
Land	226
Building and improvements	1,463
Total	1,689
Accumulated depreciation 12/31/2011	550
Year acquired/constructed	1996
29101-29115 Airport Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	130
Building and improvements	738
Costs capitalized subsequent to acquisition or completion and valuation provision	257
Land	136
Building and improvements	989
Total	1,125
Accumulated depreciation 12/31/2011	372
Year acquired/constructed	1996
29031-29045 Airport Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	124
Building and improvements	704
Costs capitalized subsequent to acquisition or completion and valuation provision	130
Land	130
Building and improvements	828
Total	958
Accumulated depreciation 12/31/2011	317
Year acquired/constructed	1996
29050-29062 Airport Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	127
Building and improvements	718
Costs capitalized subsequent to acquisition or completion and valuation provision	230
Land	133
Building and improvements	942
Total	1,075
Accumulated depreciation 12/31/2011	337
Year acquired/constructed	1996
29120-29134 Airport Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	161
Building and improvements	912
Costs capitalized subsequent to acquisition or completion and valuation provision	268
Land	169
Building and improvements	1,172
Total	1,341
Accumulated depreciation 12/31/2011	423
Year acquired/constructed	1996
29200-29214 Airport Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	170
Building and improvements	963
Costs capitalized subsequent to acquisition or completion and valuation provision	292
Land	178
Building and improvements	1,247
Total	1,425
Accumulated depreciation 12/31/2011	458
Year acquired/constructed	1996
9301-9339 Middlebelt Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Romulus, MI
Initial Cost of Land	124
Building and improvements	703
Costs capitalized subsequent to acquisition or completion and valuation provision	461
Land	130
Building and improvements	1,158
Total	1,288
Accumulated depreciation 12/31/2011	375
Year acquired/constructed	1996
32975 Capitol Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	135
Building and improvements	748
Costs capitalized subsequent to acquisition or completion and valuation provision	(170)
Land	77
Building and improvements	636
Total	713
Accumulated depreciation 12/31/2011	273
Year acquired/constructed	1998
32920 Capitol Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	76
Building and improvements	422
Costs capitalized subsequent to acquisition or completion and valuation provision	(91)
Land	27
Building and improvements	380
Total	407
Accumulated depreciation 12/31/2011	165
Year acquired/constructed	1998
11923 Brookfield Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	120
Building and improvements	665
Costs capitalized subsequent to acquisition or completion and valuation provision	(350)
Land	32
Building and improvements	403
Total	435
Accumulated depreciation 12/31/2011	258
Year acquired/constructed	1998
11965 Brookfield Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	120
Building and improvements	665
Costs capitalized subsequent to acquisition or completion and valuation provision	(382)
Land	28
Building and improvements	375
Total	403
Accumulated depreciation 12/31/2011	228
Year acquired/constructed	1998
13405 Stark Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	46
Building and improvements	254
Costs capitalized subsequent to acquisition or completion and valuation provision	(3)
Land	30
Building and improvements	267
Total	297
Accumulated depreciation 12/31/2011	104
Year acquired/constructed	1998
1170 Chicago Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	249
Building and improvements	1,380
Costs capitalized subsequent to acquisition or completion and valuation provision	(428)
Land	134
Building and improvements	1,067
Total	1,201
Accumulated depreciation 12/31/2011	523
Year acquired/constructed	1998
1200 Chicago Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	268
Building and improvements	1,483
Costs capitalized subsequent to acquisition or completion and valuation provision	271
Land	286
Building and improvements	1,736
Total	2,022
Accumulated depreciation 12/31/2011	579
Year acquired/constructed	1998
450 Robbins Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	166
Building and improvements	920
Costs capitalized subsequent to acquisition or completion and valuation provision	281
Land	178
Building and improvements	1,189
Total	1,367
Accumulated depreciation 12/31/2011	422
Year acquired/constructed	1998
1230 Chicago Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	271
Building and improvements	1,498
Costs capitalized subsequent to acquisition or completion and valuation provision	162
Land	289
Building and improvements	1,642
Total	1,931
Accumulated depreciation 12/31/2011	555
Year acquired/constructed	1998
12886 Westmore Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	190
Building and improvements	1,050
Costs capitalized subsequent to acquisition or completion and valuation provision	(351)
Land	86
Building and improvements	803
Total	889
Accumulated depreciation 12/31/2011	389
Year acquired/constructed	1998
33025 Industrial Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	80
Building and improvements	442
Costs capitalized subsequent to acquisition or completion and valuation provision	(324)
Land	6
Building and improvements	192
Total	198
Accumulated depreciation 12/31/2011	162
Year acquired/constructed	1998
47711 Clipper Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Plymouth Township,MI
Initial Cost of Land	539
Building and improvements	2,983
Costs capitalized subsequent to acquisition or completion and valuation provision	279
Land	575
Building and improvements	3,226
Total	3,801
Accumulated depreciation 12/31/2011	1,093
Year acquired/constructed	1998
32975 Industrial Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	160
Building and improvements	887
Costs capitalized subsequent to acquisition or completion and valuation provision	(192)
Land	92
Building and improvements	763
Total	855
Accumulated depreciation 12/31/2011	328
Year acquired/constructed	1998
32985 Industrial Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	137
Building and improvements	761
Costs capitalized subsequent to acquisition or completion and valuation provision	(329)
Land	46
Building and improvements	523
Total	569
Accumulated depreciation 12/31/2011	274
Year acquired/constructed	1998
32995 Industrial Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	160
Building and improvements	887
Costs capitalized subsequent to acquisition or completion and valuation provision	(388)
Land	53
Building and improvements	606
Total	659
Accumulated depreciation 12/31/2011	347
Year acquired/constructed	1998
12874 Westmore Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	137
Building and improvements	761
Costs capitalized subsequent to acquisition or completion and valuation provision	(275)
Land	58
Building and improvements	565
Total	623
Accumulated depreciation 12/31/2011	281
Year acquired/constructed	1998
1775 Bellingham [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	344
Building and improvements	1,902
Costs capitalized subsequent to acquisition or completion and valuation provision	365
Land	367
Building and improvements	2,244
Total	2,611
Accumulated depreciation 12/31/2011	752
Year acquired/constructed	1998
1785 East Maple [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	92
Building and improvements	507
Costs capitalized subsequent to acquisition or completion and valuation provision	140
Land	98
Building and improvements	641
Total	739
Accumulated depreciation 12/31/2011	201
Year acquired/constructed	1998
1807 East Maple [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	321
Building and improvements	1,775
Costs capitalized subsequent to acquisition or completion and valuation provision	(428)
Land	191
Building and improvements	1,477
Total	1,668
Accumulated depreciation 12/31/2011	638
Year acquired/constructed	1998
980 Chicago [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	206
Building and improvements	1,141
Costs capitalized subsequent to acquisition or completion and valuation provision	224
Land	220
Building and improvements	1,351
Total	1,571
Accumulated depreciation 12/31/2011	443
Year acquired/constructed	1998
1840 Enterprise Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Initial Cost of Land	573
Building and improvements	3,170
Costs capitalized subsequent to acquisition or completion and valuation provision	(2,266)
Land	49
Building and improvements	1,428
Total	1,477
Accumulated depreciation 12/31/2011	1,069
Year acquired/constructed	1998
1885 Enterprise Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Initial Cost of Land	209
Building and improvements	1,158
Costs capitalized subsequent to acquisition or completion and valuation provision	129
Land	223
Building and improvements	1,273
Total	1,496
Accumulated depreciation 12/31/2011	428
Year acquired/constructed	1998
1935-55 Enterprise Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Initial Cost of Land	285
Building and improvements	7,144
Costs capitalized subsequent to acquisition or completion and valuation provision	1,317
Land	1,371
Building and improvements	8,375
Total	9,746
Accumulated depreciation 12/31/2011	2,631
Year acquired/constructed	1998
5500 Enterprise Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Warren, MI
Initial Cost of Land	675
Building and improvements	3,737
Costs capitalized subsequent to acquisition or completion and valuation provision	586
Land	721
Building and improvements	4,277
Total	4,998
Accumulated depreciation 12/31/2011	1,410
Year acquired/constructed	1998
750 Chicago Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	323
Building and improvements	1,790
Costs capitalized subsequent to acquisition or completion and valuation provision	503
Land	345
Building and improvements	2,271
Total	2,616
Accumulated depreciation 12/31/2011	811
Year acquired/constructed	1998
800 Chicago Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	283
Building and improvements	1,567
Costs capitalized subsequent to acquisition or completion and valuation provision	366
Land	302
Building and improvements	1,914
Total	2,216
Accumulated depreciation 12/31/2011	636
Year acquired/constructed	1998
850 Chicago Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	183
Building and improvements	1,016
Costs capitalized subsequent to acquisition or completion and valuation provision	218
Land	196
Building and improvements	1,221
Total	1,417
Accumulated depreciation 12/31/2011	400
Year acquired/constructed	1998
6833 Center Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Sterling Heights, MI
Initial Cost of Land	467
Building and improvements	2,583
Costs capitalized subsequent to acquisition or completion and valuation provision	204
Land	493
Building and improvements	2,761
Total	3,254
Accumulated depreciation 12/31/2011	954
Year acquired/constructed	1998
1100 East Mandoline Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Madison Heights, MI
Initial Cost of Land	888
Building and improvements	4,915
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,273)
Land	332
Building and improvements	4,198
Total	4,530
Accumulated depreciation 12/31/2011	1,920
Year acquired/constructed	1998
1120 John A. Papalas Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lincoln Park, MI
Initial Cost of Land	366
Building and improvements	3,241
Costs capitalized subsequent to acquisition or completion and valuation provision	141
Land	297
Building and improvements	3,451
Total	3,748
Accumulated depreciation 12/31/2011	1,501
Year acquired/constructed	1998
4872 S. Lapeer Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lake Orion Twsp, MI
Initial Cost of Land	1,342
Building and improvements	5,441
Costs capitalized subsequent to acquisition or completion and valuation provision	1,307
Land	1,412
Building and improvements	6,678
Total	8,090
Accumulated depreciation 12/31/2011	1,841
Year acquired/constructed	1999
22701 Trolley Industrial [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Taylor, MI
Initial Cost of Land	795
Costs capitalized subsequent to acquisition or completion and valuation provision	7,326
Land	849
Building and improvements	7,272
Total	8,121
Accumulated depreciation 12/31/2011	2,145
Year acquired/constructed	1999
1400 Allen Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	209
Building and improvements	1,154
Costs capitalized subsequent to acquisition or completion and valuation provision	231
Land	212
Building and improvements	1,382
Total	1,594
Accumulated depreciation 12/31/2011	406
Year acquired/constructed	2000
1408 Allen Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	151
Building and improvements	834
Costs capitalized subsequent to acquisition or completion and valuation provision	133
Land	153
Building and improvements	965
Total	1,118
Accumulated depreciation 12/31/2011	302
Year acquired/constructed	2000
1305 Stephenson Hwy [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	345
Building and improvements	1,907
Costs capitalized subsequent to acquisition or completion and valuation provision	255
Land	350
Building and improvements	2,157
Total	2,507
Accumulated depreciation 12/31/2011	595
Year acquired/constructed	2000
32505 Industrial Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Madison Heights, MI
Initial Cost of Land	345
Building and improvements	1,910
Costs capitalized subsequent to acquisition or completion and valuation provision	335
Land	351
Building and improvements	2,239
Total	2,590
Accumulated depreciation 12/31/2011	670
Year acquired/constructed	2000
1799-1813 Northfield Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rochester Hills, MI
Initial Cost of Land	481
Building and improvements	2,665
Costs capitalized subsequent to acquisition or completion and valuation provision	256
Land	490
Building and improvements	2,912
Total	3,402
Accumulated depreciation 12/31/2011	831
Year acquired/constructed	2000
28435 Automation Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Wixom, MI
Initial Cost of Land	621
Costs capitalized subsequent to acquisition or completion and valuation provision	3,742
Land	628
Building and improvements	3,735
Total	4,363
Accumulated depreciation 12/31/2011	711
Year acquired/constructed	2004
32200 N Avis Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Madison Heights, MI
Initial Cost of Land	503
Building and improvements	3,367
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,325)
Land	195
Building and improvements	2,350
Total	2,545
Accumulated depreciation 12/31/2011	684
Year acquired/constructed	2005
100 Kay Industrial Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rion Township, MI
Initial Cost of Land	677
Building and improvements	2,018
Costs capitalized subsequent to acquisition or completion and valuation provision	273
Land	685
Building and improvements	2,283
Total	2,968
Accumulated depreciation 12/31/2011	633
Year acquired/constructed	2005
32650 Capitol Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	282
Building and improvements	1,128
Costs capitalized subsequent to acquisition or completion and valuation provision	(500)
Land	167
Building and improvements	743
Total	910
Accumulated depreciation 12/31/2011	148
Year acquired/constructed	2005
11800 Sears Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Livonia, MI
Initial Cost of Land	693
Building and improvements	1,507
Costs capitalized subsequent to acquisition or completion and valuation provision	1,195
Land	476
Building and improvements	2,919
Total	3,395
Accumulated depreciation 12/31/2011	1,050
Year acquired/constructed	2005
1099 Chicago Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Troy, MI
Initial Cost of Land	1,277
Building and improvements	1,332
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,470)
Land	303
Building and improvements	836
Total	1,139
Accumulated depreciation 12/31/2011	594
Year acquired/constructed	2005
42555 Merrill Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Sterling Heights, MI
Initial Cost of Land	1,080
Building and improvements	2,300
Costs capitalized subsequent to acquisition or completion and valuation provision	3,487
Land	1,090
Building and improvements	5,777
Total	6,867
Accumulated depreciation 12/31/2011	1,294
Year acquired/constructed	2006
200 Northpointe Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Orion Township, MI
Initial Cost of Land	723
Building and improvements	2,063
Costs capitalized subsequent to acquisition or completion and valuation provision	36
Land	734
Building and improvements	2,088
Total	2,822
Accumulated depreciation 12/31/2011	561
Year acquired/constructed	2006
2102-2314 Edwards Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Initial Cost of Land	348
Building and improvements	1,973
Costs capitalized subsequent to acquisition or completion and valuation provision	1,937
Land	382
Building and improvements	3,876
Total	4,258
Accumulated depreciation 12/31/2011	1,141
Year acquired/constructed	1997
3351 Rauch St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Initial Cost of Land	272
Building and improvements	1,541
Costs capitalized subsequent to acquisition or completion and valuation provision	553
Land	278
Building and improvements	2,088
Total	2,366
Accumulated depreciation 12/31/2011	656
Year acquired/constructed	1997
3851 Yale St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	2,049
Initial Cost of Land	413
Building and improvements	2,343
Costs capitalized subsequent to acquisition or completion and valuation provision	359
Land	425
Building and improvements	2,690
Total	3,115
Accumulated depreciation 12/31/2011	925
Year acquired/constructed	1997
3337-3347 Rauch Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Initial Cost of Land	227
Building and improvements	1,287
Costs capitalized subsequent to acquisition or completion and valuation provision	447
Land	233
Building and improvements	1,728
Total	1,961
Accumulated depreciation 12/31/2011	522
Year acquired/constructed	1997
8505 N Loop East [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	1,723
Initial Cost of Land	439
Building and improvements	2,489
Costs capitalized subsequent to acquisition or completion and valuation provision	638
Land	449
Building and improvements	3,117
Total	3,566
Accumulated depreciation 12/31/2011	1,001
Year acquired/constructed	1997
4749-4799 Eastpark Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	2,556
Initial Cost of Land	594
Building and improvements	3,368
Costs capitalized subsequent to acquisition or completion and valuation provision	1,330
Land	611
Building and improvements	4,681
Total	5,292
Accumulated depreciation 12/31/2011	1,525
Year acquired/constructed	1997
4851 Homestead Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	3,212
Initial Cost of Land	491
Building and improvements	2,782
Costs capitalized subsequent to acquisition or completion and valuation provision	1,367
Land	504
Building and improvements	4,136
Total	4,640
Accumulated depreciation 12/31/2011	1,280
Year acquired/constructed	1997
3365-3385 Rauch Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	1,707
Initial Cost of Land	284
Building and improvements	1,611
Costs capitalized subsequent to acquisition or completion and valuation provision	699
Land	290
Building and improvements	2,304
Total	2,594
Accumulated depreciation 12/31/2011	781
Year acquired/constructed	1997
5050 Campbell Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	1,700
Initial Cost of Land	461
Building and improvements	2,610
Costs capitalized subsequent to acquisition or completion and valuation provision	448
Land	470
Building and improvements	3,049
Total	3,519
Accumulated depreciation 12/31/2011	1,073
Year acquired/constructed	1997
4300 Pine Timbers [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Initial Cost of Land	489
Building and improvements	2,769
Costs capitalized subsequent to acquisition or completion and valuation provision	725
Land	499
Building and improvements	3,484
Total	3,983
Accumulated depreciation 12/31/2011	1,225
Year acquired/constructed	1997
2500-2530 Fairway Park Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	3,427
Initial Cost of Land	766
Building and improvements	4,342
Costs capitalized subsequent to acquisition or completion and valuation provision	1,985
Land	792
Building and improvements	6,301
Total	7,093
Accumulated depreciation 12/31/2011	1,859
Year acquired/constructed	1997
6550 Longpointe [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	1,407
Initial Cost of Land	362
Building and improvements	2,050
Costs capitalized subsequent to acquisition or completion and valuation provision	501
Land	370
Building and improvements	2,543
Total	2,913
Accumulated depreciation 12/31/2011	881
Year acquired/constructed	1997
1815 Turning Basin Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	1,911
Initial Cost of Land	487
Building and improvements	2,761
Costs capitalized subsequent to acquisition or completion and valuation provision	708
Land	531
Building and improvements	3,425
Total	3,956
Accumulated depreciation 12/31/2011	1,181
Year acquired/constructed	1997
1819 Turning Basin Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Initial Cost of Land	231
Building and improvements	1,308
Costs capitalized subsequent to acquisition or completion and valuation provision	478
Land	251
Building and improvements	1,766
Total	2,017
Accumulated depreciation 12/31/2011	552
Year acquired/constructed	1997
1805 Turning Basin Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	2,246
Initial Cost of Land	564
Building and improvements	3,197
Costs capitalized subsequent to acquisition or completion and valuation provision	888
Land	616
Building and improvements	4,033
Total	4,649
Accumulated depreciation 12/31/2011	1,391
Year acquired/constructed	1997
9835A Genard Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Initial Cost of Land	1,505
Building and improvements	8,333
Costs capitalized subsequent to acquisition or completion and valuation provision	3,170
Land	1,581
Building and improvements	11,427
Total	13,008
Accumulated depreciation 12/31/2011	3,182
Year acquired/constructed	1999
9835B Genard Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	245
Building and improvements	1,357
Costs capitalized subsequent to acquisition or completion and valuation provision	646
Land	256
Building and improvements	1,992
Total	2,248
Accumulated depreciation 12/31/2011	628
Year acquired/constructed	1999
11505 State Highway 225 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	LaPorte City, TX
Encumbrances	4,573
Initial Cost of Land	940
Building and improvements	4,675
Costs capitalized subsequent to acquisition or completion and valuation provision	606
Land	940
Building and improvements	5,281
Total	6,221
Accumulated depreciation 12/31/2011	1,281
Year acquired/constructed	2005
1500 E. Main Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	201
Building and improvements	1,328
Costs capitalized subsequent to acquisition or completion and valuation provision	(26)
Land	204
Building and improvements	1,299
Total	1,503
Accumulated depreciation 12/31/2011	577
Year acquired/constructed	2005
700 Industrial Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Sugar Land, TX
Encumbrances	3,471
Initial Cost of Land	608
Building and improvements	3,679
Costs capitalized subsequent to acquisition or completion and valuation provision	336
Land	617
Building and improvements	4,006
Total	4,623
Accumulated depreciation 12/31/2011	764
Year acquired/constructed	2007
7230-7238 Wynnwood [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	254
Building and improvements	764
Costs capitalized subsequent to acquisition or completion and valuation provision	90
Land	259
Building and improvements	849
Total	1,108
Accumulated depreciation 12/31/2011	270
Year acquired/constructed	2007
7240-7248 Wynnwood [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	271
Building and improvements	726
Costs capitalized subsequent to acquisition or completion and valuation provision	61
Land	276
Building and improvements	782
Total	1,058
Accumulated depreciation 12/31/2011	257
Year acquired/constructed	2007
7250-7260 Wynnwood [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	200
Building and improvements	481
Costs capitalized subsequent to acquisition or completion and valuation provision	35
Land	203
Building and improvements	513
Total	716
Accumulated depreciation 12/31/2011	155
Year acquired/constructed	2007
7967 Blankenship [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	307
Building and improvements	1,166
Costs capitalized subsequent to acquisition or completion and valuation provision	220
Land	307
Building and improvements	1,386
Total	1,693
Accumulated depreciation 12/31/2011	180
Year acquired/constructed	2010
8800 City Park Look East [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	24,242
Initial Cost of Land	3,717
Building and improvements	19,237
Costs capitalized subsequent to acquisition or completion and valuation provision	1
Land	3,717
Building and improvements	19,237
Total	22,954
Accumulated depreciation 12/31/2011	646
Year acquired/constructed	2013
6400 Long Point [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	188
Building and improvements	898
Costs capitalized subsequent to acquisition or completion and valuation provision	(6)
Land	188
Building and improvements	892
Total	1,080
Accumulated depreciation 12/31/2011	266
Year acquired/constructed	2007
12705 S. Kirkwood, Ste 100-150 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Stafford, TX
Encumbrances	0
Initial Cost of Land	154
Building and improvements	626
Costs capitalized subsequent to acquisition or completion and valuation provision	81
Land	155
Building and improvements	706
Total	861
Accumulated depreciation 12/31/2011	146
Year acquired/constructed	2007
12705 S. Kirkwood, Ste 200-220 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Stafford, TX
Encumbrances	0
Initial Cost of Land	404
Building and improvements	1,698
Costs capitalized subsequent to acquisition or completion and valuation provision	248
Land	393
Building and improvements	1,957
Total	2,350
Accumulated depreciation 12/31/2011	473
Year acquired/constructed	2007
8850 Jameel [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	171
Building and improvements	826
Costs capitalized subsequent to acquisition or completion and valuation provision	84
Land	171
Building and improvements	910
Total	1,081
Accumulated depreciation 12/31/2011	252
Year acquired/constructed	2007
8800 Jameel [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	163
Building and improvements	798
Costs capitalized subsequent to acquisition or completion and valuation provision	(142)
Land	124
Building and improvements	695
Total	819
Accumulated depreciation 12/31/2011	172
Year acquired/constructed	2007
8700 Jameel [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	170
Building and improvements	1,020
Costs capitalized subsequent to acquisition or completion and valuation provision	(109)
Land	120
Building and improvements	961
Total	1,081
Accumulated depreciation 12/31/2011	288
Year acquired/constructed	2007
8600 Jameel [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Houston, TX
Encumbrances	0
Initial Cost of Land	163
Building and improvements	818
Costs capitalized subsequent to acquisition or completion and valuation provision	52
Land	163
Building and improvements	870
Total	1,033
Accumulated depreciation 12/31/2011	186
Year acquired/constructed	2007
2900 N Shadeland Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	2,057
Building and improvements	13,565
Costs capitalized subsequent to acquisition or completion and valuation provision	3,478
Land	2,057
Building and improvements	17,043
Total	19,100
Accumulated depreciation 12/31/2011	6,687
Year acquired/constructed	1996
1445 Brookville Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	459
Building and improvements	2,603
Costs capitalized subsequent to acquisition or completion and valuation provision	992
Land	476
Building and improvements	3,578
Total	4,054
Accumulated depreciation 12/31/2011	1,257
Year acquired/constructed	1996
1440 Brookville Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	665
Building and improvements	3,770
Costs capitalized subsequent to acquisition or completion and valuation provision	894
Land	685
Building and improvements	4,644
Total	5,329
Accumulated depreciation 12/31/2011	1,929
Year acquired/constructed	1996
1240 Brookville Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	247
Building and improvements	1,402
Costs capitalized subsequent to acquisition or completion and valuation provision	335
Land	258
Building and improvements	1,726
Total	1,984
Accumulated depreciation 12/31/2011	684
Year acquired/constructed	1996
1345 Brookville Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	586
Building and improvements	3,321
Costs capitalized subsequent to acquisition or completion and valuation provision	686
Land	601
Building and improvements	3,992
Total	4,593
Accumulated depreciation 12/31/2011	1,565
Year acquired/constructed	1996
1350 Brookville Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	205
Building and improvements	1,161
Costs capitalized subsequent to acquisition or completion and valuation provision	340
Land	212
Building and improvements	1,494
Total	1,706
Accumulated depreciation 12/31/2011	612
Year acquired/constructed	1996
1341 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	131
Building and improvements	743
Costs capitalized subsequent to acquisition or completion and valuation provision	215
Land	136
Building and improvements	953
Total	1,089
Accumulated depreciation 12/31/2011	370
Year acquired/constructed	1996
1322-1438 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	145
Building and improvements	822
Costs capitalized subsequent to acquisition or completion and valuation provision	293
Land	152
Building and improvements	1,108
Total	1,260
Accumulated depreciation 12/31/2011	409
Year acquired/constructed	1996
1327-1441 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	218
Building and improvements	1,234
Costs capitalized subsequent to acquisition or completion and valuation provision	459
Land	225
Building and improvements	1,686
Total	1,911
Accumulated depreciation 12/31/2011	569
Year acquired/constructed	1996
1304 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	71
Building and improvements	405
Costs capitalized subsequent to acquisition or completion and valuation provision	188
Land	75
Building and improvements	589
Total	664
Accumulated depreciation 12/31/2011	214
Year acquired/constructed	1996
1402 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	165
Building and improvements	934
Costs capitalized subsequent to acquisition or completion and valuation provision	369
Land	171
Building and improvements	1,297
Total	1,468
Accumulated depreciation 12/31/2011	479
Year acquired/constructed	1996
1504 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	219
Building and improvements	1,238
Costs capitalized subsequent to acquisition or completion and valuation provision	(128)
Land	115
Building and improvements	1,214
Total	1,329
Accumulated depreciation 12/31/2011	629
Year acquired/constructed	1996
1365 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	121
Building and improvements	688
Costs capitalized subsequent to acquisition or completion and valuation provision	36
Land	91
Building and improvements	754
Total	845
Accumulated depreciation 12/31/2011	311
Year acquired/constructed	1996
1352-1354 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	178
Building and improvements	1,008
Costs capitalized subsequent to acquisition or completion and valuation provision	243
Land	166
Building and improvements	1,263
Total	1,429
Accumulated depreciation 12/31/2011	505
Year acquired/constructed	1996
1335 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	81
Building and improvements	460
Costs capitalized subsequent to acquisition or completion and valuation provision	310
Land	85
Building and improvements	766
Total	851
Accumulated depreciation 12/31/2011	363
Year acquired/constructed	1996
1327 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	52
Building and improvements	295
Costs capitalized subsequent to acquisition or completion and valuation provision	24
Land	33
Building and improvements	338
Total	371
Accumulated depreciation 12/31/2011	147
Year acquired/constructed	1996
1425 Sadlier Circle E Dr [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	21
Building and improvements	117
Costs capitalized subsequent to acquisition or completion and valuation provision	37
Land	23
Building and improvements	152
Total	175
Accumulated depreciation 12/31/2011	59
Year acquired/constructed	1996
6951 E 30th St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	256
Building and improvements	1,449
Costs capitalized subsequent to acquisition or completion and valuation provision	194
Land	265
Building and improvements	1,634
Total	1,899
Accumulated depreciation 12/31/2011	631
Year acquired/constructed	1996
6701 E 30th St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	78
Building and improvements	443
Costs capitalized subsequent to acquisition or completion and valuation provision	84
Land	82
Building and improvements	523
Total	605
Accumulated depreciation 12/31/2011	194
Year acquired/constructed	1996
6737 E 30th St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	1,839
Initial Cost of Land	385
Building and improvements	2,181
Costs capitalized subsequent to acquisition or completion and valuation provision	189
Land	398
Building and improvements	2,357
Total	2,755
Accumulated depreciation 12/31/2011	927
Year acquired/constructed	1996
6555 E 30th St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	484
Building and improvements	4,760
Costs capitalized subsequent to acquisition or completion and valuation provision	1,314
Land	484
Building and improvements	6,074
Total	6,558
Accumulated depreciation 12/31/2011	2,336
Year acquired/constructed	1996
8402-8440 E 33rd St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	222
Building and improvements	1,260
Costs capitalized subsequent to acquisition or completion and valuation provision	578
Land	230
Building and improvements	1,830
Total	2,060
Accumulated depreciation 12/31/2011	702
Year acquired/constructed	1996
8520-8630 E 33rd St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	326
Building and improvements	1,848
Costs capitalized subsequent to acquisition or completion and valuation provision	266
Land	281
Building and improvements	2,159
Total	2,440
Accumulated depreciation 12/31/2011	837
Year acquired/constructed	1996
8710-8768 E 33rd St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	175
Building and improvements	993
Costs capitalized subsequent to acquisition or completion and valuation provision	473
Land	180
Building and improvements	1,461
Total	1,641
Accumulated depreciation 12/31/2011	558
Year acquired/constructed	1996
3316-3346 N. Pagosa Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	325
Building and improvements	1,842
Costs capitalized subsequent to acquisition or completion and valuation provision	438
Land	332
Building and improvements	2,273
Total	2,605
Accumulated depreciation 12/31/2011	827
Year acquired/constructed	1996
7901 West 21st St. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	1,048
Building and improvements	6,027
Costs capitalized subsequent to acquisition or completion and valuation provision	164
Land	1,048
Building and improvements	6,191
Total	7,239
Accumulated depreciation 12/31/2011	2,270
Year acquired/constructed	1997
1225 Brookville Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	60
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	465
Land	68
Building and improvements	457
Total	525
Accumulated depreciation 12/31/2011	193
Year acquired/constructed	1997
6751 E 30th St [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	2,601
Initial Cost of Land	728
Building and improvements	2,837
Costs capitalized subsequent to acquisition or completion and valuation provision	330
Land	741
Building and improvements	3,154
Total	3,895
Accumulated depreciation 12/31/2011	1,124
Year acquired/constructed	1997
9200 East 146th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Noblesville, IN
Encumbrances	0
Initial Cost of Land	181
Building and improvements	1,221
Costs capitalized subsequent to acquisition or completion and valuation provision	1,011
Land	181
Building and improvements	2,232
Total	2,413
Accumulated depreciation 12/31/2011	692
Year acquired/constructed	1998
6575 East 30th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	1,835
Initial Cost of Land	118
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	2,088
Land	128
Building and improvements	2,078
Total	2,206
Accumulated depreciation 12/31/2011	716
Year acquired/constructed	1998
6585 East 30th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	2,743
Initial Cost of Land	196
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	3,100
Land	196
Building and improvements	3,100
Total	3,296
Accumulated depreciation 12/31/2011	1,017
Year acquired/constructed	1998
9210 E. 146th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Noblesville, IN
Encumbrances	0
Initial Cost of Land	66
Building and improvements	684
Costs capitalized subsequent to acquisition or completion and valuation provision	168
Land	54
Building and improvements	864
Total	918
Accumulated depreciation 12/31/2011	281
Year acquired/constructed	1998
5705-97 Park Plaza Ct. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	600
Building and improvements	2,194
Costs capitalized subsequent to acquisition or completion and valuation provision	517
Land	609
Building and improvements	2,702
Total	3,311
Accumulated depreciation 12/31/2011	764
Year acquired/constructed	2003
9319-9341 Castlegate Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Indianapolis, IN
Encumbrances	0
Initial Cost of Land	530
Building and improvements	1,235
Costs capitalized subsequent to acquisition or completion and valuation provision	1,063
Land	544
Building and improvements	2,284
Total	2,828
Accumulated depreciation 12/31/2011	858
Year acquired/constructed	2003
1133 Northwest L Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richmond, IN
Encumbrances	45
Initial Cost of Land	201
Building and improvements	1,358
Costs capitalized subsequent to acquisition or completion and valuation provision	(51)
Land	208
Building and improvements	1,300
Total	1,508
Accumulated depreciation 12/31/2011	438
Year acquired/constructed	2006
14425 Bergen Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Noblesville, IN
Encumbrances	0
Initial Cost of Land	647
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	3,861
Land	743
Building and improvements	3,765
Total	4,508
Accumulated depreciation 12/31/2011	680
Year acquired/constructed	2007
100 West Sinclair [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Riverside, CA
Encumbrances	0
Initial Cost of Land	4,894
Building and improvements	3,481
Costs capitalized subsequent to acquisition or completion and valuation provision	(4,561)
Land	1,819
Building and improvements	1,995
Total	3,814
Accumulated depreciation 12/31/2011	872
Year acquired/constructed	2007
14050 Day Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Moreno Valley, CA
Encumbrances	3,582
Initial Cost of Land	2,538
Building and improvements	2,538
Costs capitalized subsequent to acquisition or completion and valuation provision	291
Land	2,565
Building and improvements	2,801
Total	5,366
Accumulated depreciation 12/31/2011	445
Year acquired/constructed	2008
12925 Marlay Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Fontana, CA
Encumbrances	9,869
Initial Cost of Land	6,072
Building and improvements	7,891
Costs capitalized subsequent to acquisition or completion and valuation provision	711
Land	6,090
Building and improvements	8,584
Total	14,674
Accumulated depreciation 12/31/2011	1,707
Year acquired/constructed	2008
1944 Vista Bella Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	0
Initial Cost of Land	1,746
Building and improvements	3,148
Costs capitalized subsequent to acquisition or completion and valuation provision	730
Land	1,822
Building and improvements	3,802
Total	5,624
Accumulated depreciation 12/31/2011	1,072
Year acquired/constructed	2005
2000 Vista Bella Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	1,414
Initial Cost of Land	817
Building and improvements	1,673
Costs capitalized subsequent to acquisition or completion and valuation provision	301
Land	853
Building and improvements	1,938
Total	2,791
Accumulated depreciation 12/31/2011	488
Year acquired/constructed	2005
2835 East Ana Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	3,015
Initial Cost of Land	1,682
Building and improvements	2,750
Costs capitalized subsequent to acquisition or completion and valuation provision	(227)
Land	1,772
Building and improvements	2,433
Total	4,205
Accumulated depreciation 12/31/2011	602
Year acquired/constructed	2005
665 N. Baldwin Park Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	City of Industry, CA
Encumbrances	4,585
Initial Cost of Land	2,124
Building and improvements	5,219
Costs capitalized subsequent to acquisition or completion and valuation provision	1,587
Land	2,143
Building and improvements	6,787
Total	8,930
Accumulated depreciation 12/31/2011	1,451
Year acquired/constructed	2006
27801 Avenue Scott [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Santa Clarita, CA
Encumbrances	0
Initial Cost of Land	2,890
Building and improvements	7,020
Costs capitalized subsequent to acquisition or completion and valuation provision	599
Land	2,902
Building and improvements	7,607
Total	10,509
Accumulated depreciation 12/31/2011	1,503
Year acquired/constructed	2006
2610 & 2660 Columbia [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Torrance, CA
Encumbrances	4,715
Initial Cost of Land	3,008
Building and improvements	5,826
Costs capitalized subsequent to acquisition or completion and valuation provision	181
Land	3,031
Building and improvements	5,984
Total	9,015
Accumulated depreciation 12/31/2011	1,231
Year acquired/constructed	2006
433 Alaska Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Torrance, CA
Encumbrances	0
Initial Cost of Land	681
Building and improvements	168
Costs capitalized subsequent to acquisition or completion and valuation provision	13
Land	684
Building and improvements	178
Total	862
Accumulated depreciation 12/31/2011	66
Year acquired/constructed	2006
4020 S. Compton Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Los Angeles, CA
Encumbrances	0
Initial Cost of Land	3,800
Building and improvements	7,330
Costs capitalized subsequent to acquisition or completion and valuation provision	71
Land	3,825
Building and improvements	7,376
Total	11,201
Accumulated depreciation 12/31/2011	1,195
Year acquired/constructed	2006
21730-21748 Marilla St. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Chatsworth, CA
Encumbrances	3,154
Initial Cost of Land	2,585
Building and improvements	3,210
Costs capitalized subsequent to acquisition or completion and valuation provision	192
Land	2,608
Building and improvements	3,379
Total	5,987
Accumulated depreciation 12/31/2011	718
Year acquired/constructed	2007
8015 Paramount [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pico Rivera, CA
Encumbrances	0
Initial Cost of Land	3,616
Building and improvements	3,902
Costs capitalized subsequent to acquisition or completion and valuation provision	61
Land	3,657
Building and improvements	3,922
Total	7,579
Accumulated depreciation 12/31/2011	855
Year acquired/constructed	2007
3365 E. Slauson [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Vernon, CA
Encumbrances	0
Initial Cost of Land	2,367
Building and improvements	3,243
Costs capitalized subsequent to acquisition or completion and valuation provision	40
Land	2,396
Building and improvements	3,254
Total	5,650
Accumulated depreciation 12/31/2011	748
Year acquired/constructed	2007
3015 East Ana [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	0
Initial Cost of Land	19,678
Building and improvements	9,321
Costs capitalized subsequent to acquisition or completion and valuation provision	7,490
Land	20,144
Building and improvements	16,345
Total	36,489
Accumulated depreciation 12/31/2011	3,110
Year acquired/constructed	2007
19067 Reyes Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	0
Initial Cost of Land	9,281
Building and improvements	3,920
Costs capitalized subsequent to acquisition or completion and valuation provision	202
Land	9,381
Building and improvements	4,022
Total	13,403
Accumulated depreciation 12/31/2011	1,057
Year acquired/constructed	2007
1250 Rancho Conejo Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Thousand Oaks, CA
Encumbrances	0
Initial Cost of Land	1,435
Building and improvements	779
Costs capitalized subsequent to acquisition or completion and valuation provision	98
Land	1,441
Building and improvements	871
Total	2,312
Accumulated depreciation 12/31/2011	215
Year acquired/constructed	2007
1260 Rancho Conejo Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Thousand Oaks, CA
Encumbrances	0
Initial Cost of Land	1,353
Building and improvements	722
Costs capitalized subsequent to acquisition or completion and valuation provision	(860)
Land	675
Building and improvements	540
Total	1,215
Accumulated depreciation 12/31/2011	166
Year acquired/constructed	2007
1270 Rancho Conejo Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Thousand Oaks, CA
Encumbrances	0
Initial Cost of Land	1,224
Building and improvements	716
Costs capitalized subsequent to acquisition or completion and valuation provision	(20)
Land	1,229
Building and improvements	691
Total	1,920
Accumulated depreciation 12/31/2011	164
Year acquired/constructed	2007
1280 Rancho Conejo Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Thousand Oaks, CA
Encumbrances	3,062
Initial Cost of Land	2,043
Building and improvements	3,408
Costs capitalized subsequent to acquisition or completion and valuation provision	(266)
Land	2,051
Building and improvements	3,134
Total	5,185
Accumulated depreciation 12/31/2011	399
Year acquired/constructed	2007
1290 Rancho Conejo Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Thousand Oaks, CA
Encumbrances	2,639
Initial Cost of Land	1,754
Building and improvements	2,949
Costs capitalized subsequent to acquisition or completion and valuation provision	(230)
Land	1,761
Building and improvements	2,712
Total	4,473
Accumulated depreciation 12/31/2011	349
Year acquired/constructed	2007
18201-18291 Santa Fe [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	10,461
Initial Cost of Land	6,720
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	8,949
Land	6,897
Building and improvements	8,772
Total	15,669
Accumulated depreciation 12/31/2011	892
Year acquired/constructed	2008
1011 Rancho Conejo [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Thousand Oaks, CA
Encumbrances	5,784
Initial Cost of Land	7,717
Building and improvements	2,518
Costs capitalized subsequent to acquisition or completion and valuation provision	(186)
Land	7,752
Building and improvements	2,296
Total	10,048
Accumulated depreciation 12/31/2011	556
Year acquired/constructed	2008
2300 Corporate Center Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Thousand Oaks, CA
Encumbrances	0
Initial Cost of Land	6,506
Building and improvements	4,885
Costs capitalized subsequent to acquisition or completion and valuation provision	(5,725)
Land	3,236
Building and improvements	2,430
Total	5,666
Accumulated depreciation 12/31/2011	541
Year acquired/constructed	2008
20700 Denker Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	5,614
Initial Cost of Land	5,767
Building and improvements	2,538
Costs capitalized subsequent to acquisition or completion and valuation provision	1,456
Land	5,964
Building and improvements	3,798
Total	9,762
Accumulated depreciation 12/31/2011	864
Year acquired/constructed	2008
18408 Laurel Park Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	0
Initial Cost of Land	2,850
Building and improvements	2,850
Costs capitalized subsequent to acquisition or completion and valuation provision	643
Land	2,874
Building and improvements	3,469
Total	6,343
Accumulated depreciation 12/31/2011	470
Year acquired/constructed	2008
19021 S. Reyes Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Rancho Domingue, CA
Encumbrances	0
Initial Cost of Land	8,183
Building and improvements	7,501
Costs capitalized subsequent to acquisition or completion and valuation provision	733
Land	8,545
Building and improvements	7,872
Total	16,417
Accumulated depreciation 12/31/2011	821
Year acquired/constructed	2008
4700 NW 15th Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Ft. Lauderdale, FL
Encumbrances	0
Initial Cost of Land	908
Building and improvements	1,883
Costs capitalized subsequent to acquisition or completion and valuation provision	349
Land	912
Building and improvements	2,228
Total	3,140
Accumulated depreciation 12/31/2011	495
Year acquired/constructed	2007
4710 NW 15th Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Ft. Lauderdale, FL
Encumbrances	0
Initial Cost of Land	830
Building and improvements	2,722
Costs capitalized subsequent to acquisition or completion and valuation provision	386
Land	834
Building and improvements	3,104
Total	3,938
Accumulated depreciation 12/31/2011	596
Year acquired/constructed	2007
4720 NW 15th Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Ft. Lauderdale, FL
Encumbrances	0
Initial Cost of Land	937
Building and improvements	2,455
Costs capitalized subsequent to acquisition or completion and valuation provision	450
Land	942
Building and improvements	2,900
Total	3,842
Accumulated depreciation 12/31/2011	504
Year acquired/constructed	2007
4740 NW 15th Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Ft. Lauderdale, FL
Encumbrances	0
Initial Cost of Land	1,107
Building and improvements	3,111
Costs capitalized subsequent to acquisition or completion and valuation provision	350
Land	1,112
Building and improvements	3,456
Total	4,568
Accumulated depreciation 12/31/2011	604
Year acquired/constructed	2007
4750 NW 15th Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Ft. Lauderdale, FL
Encumbrances	0
Initial Cost of Land	947
Building and improvements	3,079
Costs capitalized subsequent to acquisition or completion and valuation provision	763
Land	951
Building and improvements	3,838
Total	4,789
Accumulated depreciation 12/31/2011	723
Year acquired/constructed	2007
4800 NW 15th Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Ft. Lauderdale, FL
Encumbrances	0
Initial Cost of Land	1,092
Building and improvements	3,308
Costs capitalized subsequent to acquisition or completion and valuation provision	138
Land	1,097
Building and improvements	3,441
Total	4,538
Accumulated depreciation 12/31/2011	626
Year acquired/constructed	2007
Medley Industrial Center [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Medley, FL
Encumbrances	0
Initial Cost of Land	857
Building and improvements	3,428
Costs capitalized subsequent to acquisition or completion and valuation provision	3,092
Land	864
Building and improvements	6,513
Total	7,377
Accumulated depreciation 12/31/2011	648
Year acquired/constructed	2007
Pan American Business Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Medley, FL
Encumbrances	0
Initial Cost of Land	2,521
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	637
Land	828
Building and improvements	2,330
Total	3,158
Accumulated depreciation 12/31/2011	121
Year acquired/constructed	2008
N25 W23255 Paul Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pewaukee, WI
Encumbrances	1,897
Initial Cost of Land	569
Building and improvements	3,270
Costs capitalized subsequent to acquisition or completion and valuation provision	(311)
Land	414
Building and improvements	3,114
Total	3,528
Accumulated depreciation 12/31/2011	1,429
Year acquired/constructed	1994
6523 N Sydney Place [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Glendale, WI
Encumbrances	0
Initial Cost of Land	172
Building and improvements	976
Costs capitalized subsequent to acquisition or completion and valuation provision	(16)
Land	80
Building and improvements	1,052
Total	1,132
Accumulated depreciation 12/31/2011	538
Year acquired/constructed	1995
5355 South Westridge Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	New Berlin, WI
Encumbrances	5,482
Initial Cost of Land	1,630
Building and improvements	7,058
Costs capitalized subsequent to acquisition or completion and valuation provision	(305)
Land	1,646
Building and improvements	6,737
Total	8,383
Accumulated depreciation 12/31/2011	1,158
Year acquired/constructed	2004
320-334 W. Vogel Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Milwaukee, WI
Encumbrances	0
Initial Cost of Land	506
Building and improvements	3,199
Costs capitalized subsequent to acquisition or completion and valuation provision	(168)
Land	508
Building and improvements	3,029
Total	3,537
Accumulated depreciation 12/31/2011	1,055
Year acquired/constructed	2005
4950 South 6th Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Milwaukee, WI
Encumbrances	0
Initial Cost of Land	299
Building and improvements	1,565
Costs capitalized subsequent to acquisition or completion and valuation provision	94
Land	301
Building and improvements	1,657
Total	1,958
Accumulated depreciation 12/31/2011	600
Year acquired/constructed	2005
1711 Paramount Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Waukesha, WI
Encumbrances	1,316
Initial Cost of Land	308
Building and improvements	1,762
Costs capitalized subsequent to acquisition or completion and valuation provision	37
Land	311
Building and improvements	1,796
Total	2,107
Accumulated depreciation 12/31/2011	481
Year acquired/constructed	2005
17005 W. Ryerson Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	New Berlin, WI
Encumbrances	0
Initial Cost of Land	403
Building and improvements	3,647
Costs capitalized subsequent to acquisition or completion and valuation provision	(15)
Land	405
Building and improvements	3,630
Total	4,035
Accumulated depreciation 12/31/2011	1,027
Year acquired/constructed	2005
W140 N9059 Lilly Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Menomonee Falls, WI
Encumbrances	0
Initial Cost of Land	343
Building and improvements	1,153
Costs capitalized subsequent to acquisition or completion and valuation provision	156
Land	366
Building and improvements	1,286
Total	1,652
Accumulated depreciation 12/31/2011	413
Year acquired/constructed	2005
200 W. Vogel Avenue-Bldg B [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Milwaukee, WI
Encumbrances	0
Initial Cost of Land	301
Building and improvements	2,150
Costs capitalized subsequent to acquisition or completion and valuation provision	0
Land	302
Building and improvements	2,149
Total	2,451
Accumulated depreciation 12/31/2011	759
Year acquired/constructed	2005
4921 S. 2nd Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Milwaukee, WI
Encumbrances	0
Initial Cost of Land	101
Building and improvements	713
Costs capitalized subsequent to acquisition or completion and valuation provision	(233)
Land	58
Building and improvements	523
Total	581
Accumulated depreciation 12/31/2011	214
Year acquired/constructed	2005
1500 Peebles Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Richland Center, WI
Encumbrances	0
Initial Cost of Land	1,577
Building and improvements	1,018
Costs capitalized subsequent to acquisition or completion and valuation provision	(289)
Land	1,528
Building and improvements	778
Total	2,306
Accumulated depreciation 12/31/2011	601
Year acquired/constructed	2005
16600 West Glendale Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	New Berlin, WI
Encumbrances	2,338
Initial Cost of Land	704
Building and improvements	1,923
Costs capitalized subsequent to acquisition or completion and valuation provision	677
Land	715
Building and improvements	2,589
Total	3,304
Accumulated depreciation 12/31/2011	873
Year acquired/constructed	2006
2905 S. 160th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	New Berlin, WI
Encumbrances	0
Initial Cost of Land	261
Building and improvements	672
Costs capitalized subsequent to acquisition or completion and valuation provision	340
Land	265
Building and improvements	1,008
Total	1,273
Accumulated depreciation 12/31/2011	398
Year acquired/constructed	2007
2855 S.160th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	New Berlin, WI
Encumbrances	0
Initial Cost of Land	221
Building and improvements	628
Costs capitalized subsequent to acquisition or completion and valuation provision	223
Land	225
Building and improvements	847
Total	1,072
Accumulated depreciation 12/31/2011	239
Year acquired/constructed	2007
2485 Commerce Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	New Berlin, WI
Encumbrances	1,569
Initial Cost of Land	483
Building and improvements	1,516
Costs capitalized subsequent to acquisition or completion and valuation provision	268
Land	491
Building and improvements	1,776
Total	2,267
Accumulated depreciation 12/31/2011	515
Year acquired/constructed	2007
14518 Whittaker Way [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Menomonee Falls, WI
Encumbrances	0
Initial Cost of Land	437
Building and improvements	1,082
Costs capitalized subsequent to acquisition or completion and valuation provision	359
Land	445
Building and improvements	1,433
Total	1,878
Accumulated depreciation 12/31/2011	484
Year acquired/constructed	2007
Rust Oleum BTS [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Kenosha, WI
Encumbrances	14,130
Initial Cost of Land	4,100
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	24,034
Land	3,212
Building and improvements	24,922
Total	28,134
Accumulated depreciation 12/31/2011	2,187
Year acquired/constructed	2008
Menomonee Falls-Barry Land [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Menomonee Falls, WI
Encumbrances	11,031
Initial Cost of Land	1,188
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	16,949
Land	1,204
Building and improvements	16,933
Total	18,137
Accumulated depreciation 12/31/2011	1,388
Year acquired/constructed	2008
6201 West 111th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Bloomington, MN
Encumbrances	4,218
Initial Cost of Land	1,358
Building and improvements	8,622
Costs capitalized subsequent to acquisition or completion and valuation provision	5,684
Land	1,499
Building and improvements	14,165
Total	15,664
Accumulated depreciation 12/31/2011	8,945
Year acquired/constructed	1994
7251-7267 Washington Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Edina, MN
Initial Cost of Land	129
Building and improvements	382
Costs capitalized subsequent to acquisition or completion and valuation provision	675
Land	182
Building and improvements	1,004
Total	1,186
Accumulated depreciation 12/31/2011	751
Year acquired/constructed	1994
7301-7325 Washington Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Edina, MN
Initial Cost of Land	174
Building and improvements	391
Costs capitalized subsequent to acquisition or completion and valuation provision	(34)
Land	193
Building and improvements	338
Total	531
Accumulated depreciation 12/31/2011	80
Year acquired/constructed	1994
7101 Winnetka Avenue North [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Brooklyn Park, MN
Encumbrances	5,887
Initial Cost of Land	2,195
Building and improvements	6,084
Costs capitalized subsequent to acquisition or completion and valuation provision	3,908
Land	2,228
Building and improvements	9,959
Total	12,187
Accumulated depreciation 12/31/2011	6,311
Year acquired/constructed	1994
9901 West 74th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eden Prairie, MN
Encumbrances	3,408
Initial Cost of Land	621
Building and improvements	3,289
Costs capitalized subsequent to acquisition or completion and valuation provision	3,145
Land	639
Building and improvements	6,416
Total	7,055
Accumulated depreciation 12/31/2011	4,926
Year acquired/constructed	1994
1030 Lone Oak Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eagan, MN
Encumbrances	2,614
Initial Cost of Land	456
Building and improvements	2,703
Costs capitalized subsequent to acquisition or completion and valuation provision	618
Land	456
Building and improvements	3,321
Total	3,777
Accumulated depreciation 12/31/2011	1,351
Year acquired/constructed	1994
1060 Lone Oak Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eagan, MN
Encumbrances	3,385
Initial Cost of Land	624
Building and improvements	3,700
Costs capitalized subsequent to acquisition or completion and valuation provision	565
Land	624
Building and improvements	4,265
Total	4,889
Accumulated depreciation 12/31/2011	1,767
Year acquired/constructed	1994
5400 Nathan Lane [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Plymouth, MN
Encumbrances	2,962
Initial Cost of Land	749
Building and improvements	4,461
Costs capitalized subsequent to acquisition or completion and valuation provision	921
Land	757
Building and improvements	5,374
Total	6,131
Accumulated depreciation 12/31/2011	2,307
Year acquired/constructed	1994
6655 Wedgewood Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Maple Grove, MN
Encumbrances	7,052
Initial Cost of Land	1,466
Building and improvements	8,342
Costs capitalized subsequent to acquisition or completion and valuation provision	3,305
Land	1,466
Building and improvements	11,647
Total	13,113
Accumulated depreciation 12/31/2011	4,487
Year acquired/constructed	1994
10120 W 76th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eden Prairie, MN
Initial Cost of Land	315
Building and improvements	1,804
Costs capitalized subsequent to acquisition or completion and valuation provision	1,488
Land	315
Building and improvements	3,292
Total	3,607
Accumulated depreciation 12/31/2011	1,248
Year acquired/constructed	1995
12155 Nicollet Ave. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Burnsville, MN
Initial Cost of Land	286
Costs capitalized subsequent to acquisition or completion and valuation provision	1,741
Land	288
Building and improvements	1,739
Total	2,027
Accumulated depreciation 12/31/2011	703
Year acquired/constructed	1995
4100 Peavey Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Chaska, MN
Initial Cost of Land	277
Building and improvements	2,261
Costs capitalized subsequent to acquisition or completion and valuation provision	795
Land	277
Building and improvements	3,056
Total	3,333
Accumulated depreciation 12/31/2011	1,156
Year acquired/constructed	1996
5205 Highway 169 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Plymouth, MN
Initial Cost of Land	446
Building and improvements	2,525
Costs capitalized subsequent to acquisition or completion and valuation provision	658
Land	578
Building and improvements	3,051
Total	3,629
Accumulated depreciation 12/31/2011	1,258
Year acquired/constructed	1996
7100-7198 Shady Oak Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eden Prairie, MN
Encumbrances	4,664
Initial Cost of Land	715
Building and improvements	4,054
Costs capitalized subsequent to acquisition or completion and valuation provision	1,970
Land	736
Building and improvements	6,003
Total	6,739
Accumulated depreciation 12/31/2011	2,056
Year acquired/constructed	1996
7500-7546 Washington Square [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eden Prairie, MN
Initial Cost of Land	229
Building and improvements	1,300
Costs capitalized subsequent to acquisition or completion and valuation provision	766
Land	235
Building and improvements	2,060
Total	2,295
Accumulated depreciation 12/31/2011	702
Year acquired/constructed	1996
7550-7586 Washington Square [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eden Prairie, MN
Initial Cost of Land	153
Building and improvements	867
Costs capitalized subsequent to acquisition or completion and valuation provision	275
Land	157
Building and improvements	1,138
Total	1,295
Accumulated depreciation 12/31/2011	414
Year acquired/constructed	1996
5240-5300 Valley Industrial Blvd S [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Shakopee, MN
Initial Cost of Land	362
Building and improvements	2,049
Costs capitalized subsequent to acquisition or completion and valuation provision	843
Land	371
Building and improvements	2,883
Total	3,254
Accumulated depreciation 12/31/2011	965
Year acquired/constructed	1996
500-530 Kasota Avenue SE [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Minneapolis, MN
Initial Cost of Land	415
Building and improvements	2,354
Costs capitalized subsequent to acquisition or completion and valuation provision	1,042
Land	434
Building and improvements	3,377
Total	3,811
Accumulated depreciation 12/31/2011	1,137
Year acquired/constructed	1998
2530-2570 Kasota Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	St. Paul, MN
Initial Cost of Land	407
Building and improvements	2,308
Costs capitalized subsequent to acquisition or completion and valuation provision	829
Land	441
Building and improvements	3,103
Total	3,544
Accumulated depreciation 12/31/2011	978
Year acquired/constructed	1998
5775 12th Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Shakopee, MN
Initial Cost of Land	590
Costs capitalized subsequent to acquisition or completion and valuation provision	5,676
Land	590
Building and improvements	5,676
Total	6,266
Accumulated depreciation 12/31/2011	1,865
Year acquired/constructed	1998
1157 Valley Park Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Shakopee, MN
Initial Cost of Land	760
Costs capitalized subsequent to acquisition or completion and valuation provision	6,544
Land	888
Building and improvements	6,416
Total	7,304
Accumulated depreciation 12/31/2011	2,025
Year acquired/constructed	1999
9600 West 76th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eden Prairie, MN
Encumbrances	2,275
Initial Cost of Land	1,000
Building and improvements	2,450
Costs capitalized subsequent to acquisition or completion and valuation provision	61
Land	1,034
Building and improvements	2,477
Total	3,511
Accumulated depreciation 12/31/2011	643
Year acquired/constructed	2004
9700 West 76th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eden Prairie, MN
Encumbrances	3,253
Initial Cost of Land	1,000
Building and improvements	2,709
Costs capitalized subsequent to acquisition or completion and valuation provision	526
Land	1,038
Building and improvements	3,197
Total	4,235
Accumulated depreciation 12/31/2011	810
Year acquired/constructed	2004
7600 69th Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Greenfield, MN
Initial Cost of Land	1,500
Building and improvements	8,328
Costs capitalized subsequent to acquisition or completion and valuation provision	1,387
Land	1,510
Building and improvements	9,705
Total	11,215
Accumulated depreciation 12/31/2011	2,559
Year acquired/constructed	2004
5017 Boone Avenue North [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	New Hope, MN
Encumbrances	2,068
Initial Cost of Land	1,000
Building and improvements	1,599
Costs capitalized subsequent to acquisition or completion and valuation provision	(15)
Land	1,009
Building and improvements	1,575
Total	2,584
Accumulated depreciation 12/31/2011	571
Year acquired/constructed	2005
2300 West Highway 13 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Burnsville, MN
Initial Cost of Land	2,517
Building and improvements	6,069
Costs capitalized subsequent to acquisition or completion and valuation provision	(3,331)
Land	1,296
Building and improvements	3,959
Total	5,255
Accumulated depreciation 12/31/2011	2,528
Year acquired/constructed	2005
1087 Park Place [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Shakopee, MN
Initial Cost of Land	1,195
Building and improvements	4,891
Costs capitalized subsequent to acquisition or completion and valuation provision	(613)
Land	1,198
Building and improvements	4,275
Total	5,473
Accumulated depreciation 12/31/2011	765
Year acquired/constructed	2005
5391 12th Avenue SE [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Shakopee, MN
Encumbrances	4,742
Initial Cost of Land	1,392
Building and improvements	8,149
Costs capitalized subsequent to acquisition or completion and valuation provision	(342)
Land	1,395
Building and improvements	7,804
Total	9,199
Accumulated depreciation 12/31/2011	1,433
Year acquired/constructed	2005
4701 Valley Industrial Blvd S [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Shakopee, MN
Initial Cost of Land	1,296
Building and improvements	7,157
Costs capitalized subsequent to acquisition or completion and valuation provision	598
Land	1,299
Building and improvements	7,752
Total	9,051
Accumulated depreciation 12/31/2011	2,481
Year acquired/constructed	2005
316 Lake Hazeltine Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Chaska, MN
Initial Cost of Land	714
Building and improvements	944
Costs capitalized subsequent to acquisition or completion and valuation provision	(111)
Land	729
Building and improvements	818
Total	1,547
Accumulated depreciation 12/31/2011	232
Year acquired/constructed	2006
6455 City West Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Eden Prairie, MN
Initial Cost of Land	659
Building and improvements	3,189
Costs capitalized subsequent to acquisition or completion and valuation provision	(407)
Land	665
Building and improvements	2,776
Total	3,441
Accumulated depreciation 12/31/2011	562
Year acquired/constructed	2006
1225 Highway 169 North [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Plymouth, MN
Initial Cost of Land	1,190
Building and improvements	1,979
Costs capitalized subsequent to acquisition or completion and valuation provision	112
Land	1,207
Building and improvements	2,074
Total	3,281
Accumulated depreciation 12/31/2011	581
Year acquired/constructed	2006
7102 Winnetka Avene North [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Brooklyn Park, MN
Encumbrances	4,316
Initial Cost of Land	1,275
Costs capitalized subsequent to acquisition or completion and valuation provision	6,469
Land	1,343
Building and improvements	6,401
Total	7,744
Accumulated depreciation 12/31/2011	719
Year acquired/constructed	2007
139 Eva Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	St. Paul, MN
Initial Cost of Land	2,132
Building and improvements	3,105
Costs capitalized subsequent to acquisition or completion and valuation provision	90
Land	2,175
Building and improvements	3,152
Total	5,327
Accumulated depreciation 12/31/2011	503
Year acquired/constructed	2008
21900 Dodd Boulevard [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Lakeville, MN
Encumbrances	9,766
Initial Cost of Land	2,289
Building and improvements	7,952
Costs capitalized subsequent to acquisition or completion and valuation provision	(1)
Land	2,289
Building and improvements	7,952
Total	10,241
Accumulated depreciation 12/31/2011	602
Year acquired/constructed	2009
1621 Heil Quaker Boulevard [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Nashville, TN
Encumbrances	2,377
Initial Cost of Land	413
Building and improvements	2,383
Costs capitalized subsequent to acquisition or completion and valuation provision	1,845
Land	430
Building and improvements	4,211
Total	4,641
Accumulated depreciation 12/31/2011	2,066
Year acquired/constructed	1995
3099 Barry Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Portland, TN
Initial Cost of Land	418
Building and improvements	2,368
Costs capitalized subsequent to acquisition or completion and valuation provision	(689)
Land	248
Building and improvements	1,849
Total	2,097
Accumulated depreciation 12/31/2011	912
Year acquired/constructed	1996
3150 Barry Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Portland, TN
Initial Cost of Land	941
Building and improvements	5,333
Costs capitalized subsequent to acquisition or completion and valuation provision	5,964
Land	981
Building and improvements	11,257
Total	12,238
Accumulated depreciation 12/31/2011	2,685
Year acquired/constructed	1996
5599 Highway 31 West [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Portland, TN
Initial Cost of Land	564
Building and improvements	3,196
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,577)
Land	187
Building and improvements	1,996
Total	2,183
Accumulated depreciation 12/31/2011	1,183
Year acquired/constructed	1996
1931 Air Lane Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Nashville, TN
Encumbrances	2,452
Initial Cost of Land	489
Building and improvements	2,785
Costs capitalized subsequent to acquisition or completion and valuation provision	269
Land	493
Building and improvements	3,050
Total	3,543
Accumulated depreciation 12/31/2011	1,065
Year acquired/constructed	1997
4640 Cummings Park [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Nashville, TN
Initial Cost of Land	360
Building and improvements	2,040
Costs capitalized subsequent to acquisition or completion and valuation provision	632
Land	365
Building and improvements	2,667
Total	3,032
Accumulated depreciation 12/31/2011	764
Year acquired/constructed	1999
1740 River Hills Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Nashville, TN
Encumbrances	2,945
Initial Cost of Land	848
Building and improvements	4,383
Costs capitalized subsequent to acquisition or completion and valuation provision	467
Land	888
Building and improvements	4,810
Total	5,698
Accumulated depreciation 12/31/2011	1,445
Year acquired/constructed	2005
211 Ellery Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Nashville, TN
Encumbrances	3,115
Initial Cost of Land	606
Building and improvements	3,192
Costs capitalized subsequent to acquisition or completion and valuation provision	433
Land	616
Building and improvements	3,615
Total	4,231
Accumulated depreciation 12/31/2011	798
Year acquired/constructed	2007
Rockdale BTS [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Gallatin, TN
Encumbrances	17,389
Initial Cost of Land	1,778
Costs capitalized subsequent to acquisition or completion and valuation provision	24,267
Land	1,778
Building and improvements	24,267
Total	26,045
Accumulated depreciation 12/31/2011	1,992
Year acquired/constructed	2008
14 World's Fair Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Franklin, NJ
Initial Cost of Land	483
Building and improvements	2,735
Costs capitalized subsequent to acquisition or completion and valuation provision	602
Land	503
Building and improvements	3,317
Total	3,820
Accumulated depreciation 12/31/2011	1,165
Year acquired/constructed	1997
12 World's Fair Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Franklin, NJ
Initial Cost of Land	572
Building and improvements	3,240
Costs capitalized subsequent to acquisition or completion and valuation provision	1,120
Land	593
Building and improvements	4,339
Total	4,932
Accumulated depreciation 12/31/2011	1,470
Year acquired/constructed	1997
22 World's Fair Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Franklin, NJ
Initial Cost of Land	364
Building and improvements	2,064
Costs capitalized subsequent to acquisition or completion and valuation provision	639
Land	375
Building and improvements	2,692
Total	3,067
Accumulated depreciation 12/31/2011	1,022
Year acquired/constructed	1997
26 World's Fair Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Franklin, NJ
Initial Cost of Land	361
Building and improvements	2,048
Costs capitalized subsequent to acquisition or completion and valuation provision	623
Land	377
Building and improvements	2,655
Total	3,032
Accumulated depreciation 12/31/2011	951
Year acquired/constructed	1997
24 World's Fair Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Franklin, NJ
Initial Cost of Land	347
Building and improvements	1,968
Costs capitalized subsequent to acquisition or completion and valuation provision	486
Land	362
Building and improvements	2,439
Total	2,801
Accumulated depreciation 12/31/2011	940
Year acquired/constructed	1997
20 World's Fair Drive Lot 13 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Sumerset, NJ
Initial Cost of Land	9
Costs capitalized subsequent to acquisition or completion and valuation provision	2,554
Land	691
Building and improvements	1,872
Total	2,563
Accumulated depreciation 12/31/2011	493
Year acquired/constructed	1999
45 Route 46 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Initial Cost of Land	969
Building and improvements	5,491
Costs capitalized subsequent to acquisition or completion and valuation provision	965
Land	978
Building and improvements	6,447
Total	7,425
Accumulated depreciation 12/31/2011	1,916
Year acquired/constructed	2000
43 Route 46 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Initial Cost of Land	474
Building and improvements	2,686
Costs capitalized subsequent to acquisition or completion and valuation provision	420
Land	479
Building and improvements	3,101
Total	3,580
Accumulated depreciation 12/31/2011	822
Year acquired/constructed	2000
39 Route 46 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Initial Cost of Land	260
Building and improvements	1,471
Costs capitalized subsequent to acquisition or completion and valuation provision	190
Land	262
Building and improvements	1,659
Total	1,921
Accumulated depreciation 12/31/2011	475
Year acquired/constructed	2000
26 Chapin Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Encumbrances	4,891
Initial Cost of Land	956
Building and improvements	5,415
Costs capitalized subsequent to acquisition or completion and valuation provision	769
Land	965
Building and improvements	6,175
Total	7,140
Accumulated depreciation 12/31/2011	1,785
Year acquired/constructed	2000
30 Chapin Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Encumbrances	4,689
Initial Cost of Land	960
Building and improvements	5,440
Costs capitalized subsequent to acquisition or completion and valuation provision	444
Land	969
Building and improvements	5,875
Total	6,844
Accumulated depreciation 12/31/2011	1,592
Year acquired/constructed	2000
20 Hook Mountain Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Initial Cost of Land	1,507
Building and improvements	8,542
Costs capitalized subsequent to acquisition or completion and valuation provision	2,920
Land	1,534
Building and improvements	11,435
Total	12,969
Accumulated depreciation 12/31/2011	3,479
Year acquired/constructed	2000
30 Hook Mountain Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Initial Cost of Land	389
Building and improvements	2,206
Costs capitalized subsequent to acquisition or completion and valuation provision	518
Land	396
Building and improvements	2,717
Total	3,113
Accumulated depreciation 12/31/2011	692
Year acquired/constructed	2000
55 Route 46 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Initial Cost of Land	396
Building and improvements	2,244
Costs capitalized subsequent to acquisition or completion and valuation provision	(403)
Land	314
Building and improvements	1,923
Total	2,237
Accumulated depreciation 12/31/2011	560
Year acquired/constructed	2000
16 Chapin Rod [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Encumbrances	3,664
Initial Cost of Land	885
Building and improvements	5,015
Costs capitalized subsequent to acquisition or completion and valuation provision	529
Land	901
Building and improvements	5,528
Total	6,429
Accumulated depreciation 12/31/2011	1,457
Year acquired/constructed	2000
20 Chapin Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pine Brook, NJ
Encumbrances	4,688
Initial Cost of Land	1,134
Building and improvements	6,426
Costs capitalized subsequent to acquisition or completion and valuation provision	665
Land	1,154
Building and improvements	7,071
Total	8,225
Accumulated depreciation 12/31/2011	1,997
Year acquired/constructed	2000
Sayreville Lot 4 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Sayreville, NJ
Encumbrances	3,515
Initial Cost of Land	944
Costs capitalized subsequent to acquisition or completion and valuation provision	4,598
Land	944
Building and improvements	4,598
Total	5,542
Accumulated depreciation 12/31/2011	1,108
Year acquired/constructed	2002
Sayreville Lot 3 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Sayreville, NJ
Initial Cost of Land	996
Costs capitalized subsequent to acquisition or completion and valuation provision	5,392
Land	996
Building and improvements	5,392
Total	6,388
Accumulated depreciation 12/31/2011	1,010
Year acquired/constructed	2003
309-319 Pierce Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Somerset, NJ
Encumbrances	3,738
Initial Cost of Land	1,300
Building and improvements	4,628
Costs capitalized subsequent to acquisition or completion and valuation provision	689
Land	1,309
Building and improvements	5,308
Total	6,617
Accumulated depreciation 12/31/2011	1,276
Year acquired/constructed	2004
230-240 Welsh Pool Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Exton, PA
Initial Cost of Land	154
Building and improvements	851
Costs capitalized subsequent to acquisition or completion and valuation provision	374
Land	170
Building and improvements	1,209
Total	1,379
Accumulated depreciation 12/31/2011	315
Year acquired/constructed	1998
264 Welsh Pool Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Exton, PA
Initial Cost of Land	147
Building and improvements	811
Costs capitalized subsequent to acquisition or completion and valuation provision	306
Land	162
Building and improvements	1,102
Total	1,264
Accumulated depreciation 12/31/2011	348
Year acquired/constructed	1998
254 Welsh Pool Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Exton, PA
Initial Cost of Land	75
Building and improvements	418
Costs capitalized subsequent to acquisition or completion and valuation provision	213
Land	91
Building and improvements	616
Total	707
Accumulated depreciation 12/31/2011	210
Year acquired/constructed	1998
251 Welsh Pool Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Exton, PA
Initial Cost of Land	144
Building and improvements	796
Costs capitalized subsequent to acquisition or completion and valuation provision	467
Land	159
Building and improvements	1,248
Total	1,407
Accumulated depreciation 12/31/2011	366
Year acquired/constructed	1998
151-161 Philips Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Exton, PA
Initial Cost of Land	191
Building and improvements	1,059
Costs capitalized subsequent to acquisition or completion and valuation provision	306
Land	229
Building and improvements	1,327
Total	1,556
Accumulated depreciation 12/31/2011	411
Year acquired/constructed	1998
216 Philips Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Exton, PA
Initial Cost of Land	199
Building and improvements	1,100
Costs capitalized subsequent to acquisition or completion and valuation provision	485
Land	220
Building and improvements	1,564
Total	1,784
Accumulated depreciation 12/31/2011	408
Year acquired/constructed	1998
14 McFadden Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Palmer, PA
Encumbrances	1,652
Initial Cost of Land	600
Building and improvements	1,349
Costs capitalized subsequent to acquisition or completion and valuation provision	56
Land	625
Building and improvements	1,380
Total	2,005
Accumulated depreciation 12/31/2011	583
Year acquired/constructed	2004
2801 Red Lion Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Philadelphia, PA
Initial Cost of Land	950
Building and improvements	5,916
Costs capitalized subsequent to acquisition or completion and valuation provision	628
Land	964
Building and improvements	6,530
Total	7,494
Accumulated depreciation 12/31/2011	1,616
Year acquired/constructed	2005
3240 S. 78th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Philadelphia, PA
Initial Cost of Land	515
Building and improvements	1,245
Costs capitalized subsequent to acquisition or completion and valuation provision	(256)
Land	423
Building and improvements	1,081
Total	1,504
Accumulated depreciation 12/31/2011	375
Year acquired/constructed	2005
200 Cascade Drive, Bldg. 1 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Allen Town, PA
Encumbrances	18,820
Initial Cost of Land	2,133
Building and improvements	17,562
Costs capitalized subsequent to acquisition or completion and valuation provision	893
Land	2,769
Building and improvements	17,819
Total	20,588
Accumulated depreciation 12/31/2011	4,084
Year acquired/constructed	2007
200 Cascade Drive, Bldg. 2 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Allen Town, PA
Encumbrances	2,487
Initial Cost of Land	310
Building and improvements	2,268
Costs capitalized subsequent to acquisition or completion and valuation provision	190
Land	316
Building and improvements	2,452
Total	2,768
Accumulated depreciation 12/31/2011	417
Year acquired/constructed	2007
6300 Bristol Pike [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Levittown, PA
Initial Cost of Land	1,074
Building and improvements	2,642
Costs capitalized subsequent to acquisition or completion and valuation provision	(107)
Land	964
Building and improvements	2,645
Total	3,609
Accumulated depreciation 12/31/2011	839
Year acquired/constructed	2008
2455 Boulevard of Generals [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Norristown, PA
Encumbrances	3,592
Initial Cost of Land	1,200
Building and improvements	4,800
Costs capitalized subsequent to acquisition or completion and valuation provision	1,088
Land	1,226
Building and improvements	5,862
Total	7,088
Accumulated depreciation 12/31/2011	1,205
Year acquired/constructed	2008
1045 South Edward Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tempe, AZ
Encumbrances	0
Initial Cost of Land	390
Building and improvements	2,160
Costs capitalized subsequent to acquisition or completion and valuation provision	164
Land	396
Building and improvements	2,318
Total	2,714
Accumulated depreciation 12/31/2011	719
Year acquired/constructed	1999
50 South 56th Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Chandler, AZ
Encumbrances	0
Initial Cost of Land	1,206
Building and improvements	3,218
Costs capitalized subsequent to acquisition or completion and valuation provision	360
Land	1,252
Building and improvements	3,532
Total	4,784
Accumulated depreciation 12/31/2011	850
Year acquired/constructed	2004
4701 W. Jefferson [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Phoenix, AZ
Encumbrances	2,650
Initial Cost of Land	926
Building and improvements	2,195
Costs capitalized subsequent to acquisition or completion and valuation provision	443
Land	929
Building and improvements	2,635
Total	3,564
Accumulated depreciation 12/31/2011	978
Year acquired/constructed	2005
7102 W. Roosevelt [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Phoenix, AZ
Encumbrances	0
Initial Cost of Land	1,613
Building and improvements	6,451
Costs capitalized subsequent to acquisition or completion and valuation provision	1,136
Land	1,620
Building and improvements	7,580
Total	9,200
Accumulated depreciation 12/31/2011	2,063
Year acquired/constructed	2006
4137 West Adams Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Phoenix, AZ
Encumbrances	0
Initial Cost of Land	990
Building and improvements	2,661
Costs capitalized subsequent to acquisition or completion and valuation provision	255
Land	1,038
Building and improvements	2,868
Total	3,906
Accumulated depreciation 12/31/2011	626
Year acquired/constructed	2006
245 W. Lodge [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tempe, AZ
Encumbrances	0
Initial Cost of Land	898
Building and improvements	3,066
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,891)
Land	362
Building and improvements	1,711
Total	2,073
Accumulated depreciation 12/31/2011	451
Year acquired/constructed	2007
1590 E Riverview Dr. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Phoenix, AZ
Encumbrances	0
Initial Cost of Land	1,293
Building and improvements	5,950
Costs capitalized subsequent to acquisition or completion and valuation provision	396
Land	1,292
Building and improvements	6,347
Total	7,639
Accumulated depreciation 12/31/2011	723
Year acquired/constructed	2008
14131 N. Rio Vista Dr. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Peoria, AZ
Encumbrances	0
Initial Cost of Land	2,563
Building and improvements	9,388
Costs capitalized subsequent to acquisition or completion and valuation provision	1,798
Land	2,563
Building and improvements	11,186
Total	13,749
Accumulated depreciation 12/31/2011	1,936
Year acquired/constructed	2008
8716 W. Ludlow Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Peoria, AZ
Encumbrances	0
Initial Cost of Land	2,709
Building and improvements	10,970
Costs capitalized subsequent to acquisition or completion and valuation provision	1,236
Land	2,709
Building and improvements	12,206
Total	14,915
Accumulated depreciation 12/31/2011	1,547
Year acquired/constructed	2008
3815 W. Washington St. [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Phoenix, AZ
Encumbrances	3,975
Initial Cost of Land	1,675
Building and improvements	4,514
Costs capitalized subsequent to acquisition or completion and valuation provision	149
Land	1,719
Building and improvements	4,619
Total	6,338
Accumulated depreciation 12/31/2011	522
Year acquired/constructed	2008
690 91st Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tolleson, AZ
Encumbrances	7,497
Initial Cost of Land	1,904
Building and improvements	6,805
Costs capitalized subsequent to acquisition or completion and valuation provision	2,646
Land	1,923
Building and improvements	9,432
Total	11,355
Accumulated depreciation 12/31/2011	1,503
Year acquired/constructed	2008
512 Lawndale Drive (i) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Salt Lake City, UT
Encumbrances	0
Initial Cost of Land	2,688
Building and improvements	15,643
Costs capitalized subsequent to acquisition or completion and valuation provision	3,343
Land	2,688
Building and improvements	18,986
Total	21,674
Accumulated depreciation 12/31/2011	6,579
Year acquired/constructed	1997
1270 West 2320 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	138
Building and improvements	784
Costs capitalized subsequent to acquisition or completion and valuation provision	256
Land	143
Building and improvements	1,035
Total	1,178
Accumulated depreciation 12/31/2011	384
Year acquired/constructed	1998
1275 West 2240 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	395
Building and improvements	2,241
Costs capitalized subsequent to acquisition or completion and valuation provision	331
Land	408
Building and improvements	2,559
Total	2,967
Accumulated depreciation 12/31/2011	867
Year acquired/constructed	1998
1288 West 2240 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	119
Building and improvements	672
Costs capitalized subsequent to acquisition or completion and valuation provision	111
Land	123
Building and improvements	779
Total	902
Accumulated depreciation 12/31/2011	266
Year acquired/constructed	1998
2235 South 1300 West [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	198
Building and improvements	1,120
Costs capitalized subsequent to acquisition or completion and valuation provision	249
Land	204
Building and improvements	1,363
Total	1,567
Accumulated depreciation 12/31/2011	421
Year acquired/constructed	1998
1293 West 2200 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	158
Building and improvements	896
Costs capitalized subsequent to acquisition or completion and valuation provision	118
Land	163
Building and improvements	1,009
Total	1,172
Accumulated depreciation 12/31/2011	335
Year acquired/constructed	1998
1279 West 2200 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	198
Building and improvements	1,120
Costs capitalized subsequent to acquisition or completion and valuation provision	296
Land	204
Building and improvements	1,410
Total	1,614
Accumulated depreciation 12/31/2011	485
Year acquired/constructed	1998
1272 West 2240 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	336
Building and improvements	1,905
Costs capitalized subsequent to acquisition or completion and valuation provision	387
Land	347
Building and improvements	2,281
Total	2,628
Accumulated depreciation 12/31/2011	741
Year acquired/constructed	1998
1149 West 2240 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	217
Building and improvements	1,232
Costs capitalized subsequent to acquisition or completion and valuation provision	158
Land	225
Building and improvements	1,382
Total	1,607
Accumulated depreciation 12/31/2011	455
Year acquired/constructed	1998
1142 West 2320 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	217
Building and improvements	1,232
Costs capitalized subsequent to acquisition or completion and valuation provision	73
Land	225
Building and improvements	1,297
Total	1,522
Accumulated depreciation 12/31/2011	449
Year acquired/constructed	1998
1152 West 2240 South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	0
Initial Cost of Land	1,652
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	2,576
Land	669
Building and improvements	3,559
Total	4,228
Accumulated depreciation 12/31/2011	1,100
Year acquired/constructed	2000
2323 South 900 W [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Salt Lake City, UT
Encumbrances	0
Initial Cost of Land	886
Building and improvements	2,995
Costs capitalized subsequent to acquisition or completion and valuation provision	218
Land	898
Building and improvements	3,201
Total	4,099
Accumulated depreciation 12/31/2011	1,254
Year acquired/constructed	2006
1815-1957 South 4650 West [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Salt Lake City, UT
Encumbrances	7,285
Initial Cost of Land	1,707
Building and improvements	10,873
Costs capitalized subsequent to acquisition or completion and valuation provision	273
Land	1,713
Building and improvements	11,140
Total	12,853
Accumulated depreciation 12/31/2011	2,043
Year acquired/constructed	2006
2100 Alexander Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	1,152
Initial Cost of Land	376
Building and improvements	1,670
Costs capitalized subsequent to acquisition or completion and valuation provision	(21)
Land	376
Building and improvements	1,649
Total	2,025
Accumulated depreciation 12/31/2011	266
Year acquired/constructed	2007
2064 Alexander Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	West Valley, UT
Encumbrances	2,125
Initial Cost of Land	864
Building and improvements	2,771
Costs capitalized subsequent to acquisition or completion and valuation provision	129
Land	869
Building and improvements	2,895
Total	3,764
Accumulated depreciation 12/31/2011	580
Year acquired/constructed	2007
16275 Technology Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	San Diego, CA
Encumbrances	0
Initial Cost of Land	2,848
Building and improvements	8,641
Costs capitalized subsequent to acquisition or completion and valuation provision	(198)
Land	2,859
Building and improvements	8,432
Total	11,291
Accumulated depreciation 12/31/2011	1,660
Year acquired/constructed	2005
6305 El Camino Real [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlsbad, CA
Encumbrances	0
Initial Cost of Land	1,590
Building and improvements	6,360
Costs capitalized subsequent to acquisition or completion and valuation provision	7,563
Land	1,590
Building and improvements	13,923
Total	15,513
Accumulated depreciation 12/31/2011	2,073
Year acquired/constructed	2006
2325 Camino Vida Roble [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlsbad, CA
Encumbrances	2,026
Initial Cost of Land	1,441
Building and improvements	1,239
Costs capitalized subsequent to acquisition or completion and valuation provision	464
Land	1,446
Building and improvements	1,698
Total	3,144
Accumulated depreciation 12/31/2011	353
Year acquired/constructed	2006
2335 Camino Vida Roble [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlsbad, CA
Encumbrances	1,126
Initial Cost of Land	817
Building and improvements	762
Costs capitalized subsequent to acquisition or completion and valuation provision	133
Land	821
Building and improvements	891
Total	1,712
Accumulated depreciation 12/31/2011	232
Year acquired/constructed	2006
2345 Camino Vida Roble [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlsbad, CA
Encumbrances	795
Initial Cost of Land	562
Building and improvements	456
Costs capitalized subsequent to acquisition or completion and valuation provision	87
Land	565
Building and improvements	540
Total	1,105
Accumulated depreciation 12/31/2011	157
Year acquired/constructed	2006
2355 Camino Vida Roble [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlsbad, CA
Encumbrances	582
Initial Cost of Land	481
Building and improvements	365
Costs capitalized subsequent to acquisition or completion and valuation provision	57
Land	483
Building and improvements	420
Total	903
Accumulated depreciation 12/31/2011	120
Year acquired/constructed	2006
2365 Camino Vida Roble [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlsbad, CA
Encumbrances	1,226
Initial Cost of Land	1,098
Building and improvements	630
Costs capitalized subsequent to acquisition or completion and valuation provision	3
Land	1,102
Building and improvements	629
Total	1,731
Accumulated depreciation 12/31/2011	199
Year acquired/constructed	2006
2375 Camino Vida Roble [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlsbad, CA
Encumbrances	1,531
Initial Cost of Land	1,210
Building and improvements	874
Costs capitalized subsequent to acquisition or completion and valuation provision	199
Land	1,214
Building and improvements	1,069
Total	2,283
Accumulated depreciation 12/31/2011	317
Year acquired/constructed	2006
6451 El Camino Real [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Carlsbad, CA
Encumbrances	0
Initial Cost of Land	2,885
Building and improvements	1,931
Costs capitalized subsequent to acquisition or completion and valuation provision	507
Land	2,895
Building and improvements	2,428
Total	5,323
Accumulated depreciation 12/31/2011	573
Year acquired/constructed	2006
8572 Spectrum Lane [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	San Diego, CA
Encumbrances	2,261
Initial Cost of Land	806
Building and improvements	3,225
Costs capitalized subsequent to acquisition or completion and valuation provision	429
Land	807
Building and improvements	3,653
Total	4,460
Accumulated depreciation 12/31/2011	556
Year acquired/constructed	2007
13100 Gregg Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Poway, CA
Encumbrances	0
Initial Cost of Land	1,040
Building and improvements	4,160
Costs capitalized subsequent to acquisition or completion and valuation provision	474
Land	1,073
Building and improvements	4,601
Total	5,674
Accumulated depreciation 12/31/2011	948
Year acquired/constructed	2007
1901 Raymond Ave SW [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Renton, WA
Encumbrances	1,833
Initial Cost of Land	4,458
Building and improvements	2,659
Costs capitalized subsequent to acquisition or completion and valuation provision	633
Land	4,594
Building and improvements	3,156
Total	7,750
Accumulated depreciation 12/31/2011	473
Year acquired/constructed	2008
19014 64th Avenue South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Kent, WA
Encumbrances	3,179
Initial Cost of Land	1,990
Building and improvements	3,979
Costs capitalized subsequent to acquisition or completion and valuation provision	258
Land	2,042
Building and improvements	4,186
Total	6,228
Accumulated depreciation 12/31/2011	707
Year acquired/constructed	2008
18640 68th Avenue South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Kent, WA
Encumbrances	732
Initial Cost of Land	1,218
Building and improvements	1,950
Costs capitalized subsequent to acquisition or completion and valuation provision	348
Land	1,258
Building and improvements	2,258
Total	3,516
Accumulated depreciation 12/31/2011	407
Year acquired/constructed	2008
Puget Sound Terminal 7 [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Seattle, WA
Encumbrances	0
Initial Cost of Land	9,139
Building and improvements	5,881
Costs capitalized subsequent to acquisition or completion and valuation provision	1,069
Land	9,340
Building and improvements	6,748
Total	16,088
Accumulated depreciation 12/31/2011	393
Year acquired/constructed	2008
8 Springdale Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Cherry Hill, NJ
Encumbrances	0
Initial Cost of Land	258
Building and improvements	1,436
Costs capitalized subsequent to acquisition or completion and valuation provision	782
Land	258
Building and improvements	2,218
Total	2,476
Accumulated depreciation 12/31/2011	764
Year acquired/constructed	1998
111 Whittendale Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Morrestown, NJ
Encumbrances	1,841
Initial Cost of Land	522
Building and improvements	2,916
Costs capitalized subsequent to acquisition or completion and valuation provision	195
Land	522
Building and improvements	3,111
Total	3,633
Accumulated depreciation 12/31/2011	891
Year acquired/constructed	2000
7851 Airport Highway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pennsauken, NJ
Encumbrances	0
Initial Cost of Land	160
Building and improvements	508
Costs capitalized subsequent to acquisition or completion and valuation provision	381
Land	162
Building and improvements	887
Total	1,049
Accumulated depreciation 12/31/2011	194
Year acquired/constructed	2003
103 Central [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Mt. Laurel, NJ
Encumbrances	0
Initial Cost of Land	610
Building and improvements	1,847
Costs capitalized subsequent to acquisition or completion and valuation provision	1,027
Land	619
Building and improvements	2,865
Total	3,484
Accumulated depreciation 12/31/2011	710
Year acquired/constructed	2003
7890 Airport Hwy/7015 Central [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pennsauken, NJ
Encumbrances	1,295
Initial Cost of Land	300
Building and improvements	989
Costs capitalized subsequent to acquisition or completion and valuation provision	511
Land	425
Building and improvements	1,375
Total	1,800
Accumulated depreciation 12/31/2011	619
Year acquired/constructed	2006
600 Creek Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Delanco, NJ
Encumbrances	0
Initial Cost of Land	2,125
Building and improvements	6,504
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,905)
Land	1,557
Building and improvements	5,167
Total	6,724
Accumulated depreciation 12/31/2011	2,045
Year acquired/constructed	2007
1070 Thomas Busch Mem Highway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Pennsauken, NJ
Encumbrances	2,685
Initial Cost of Land	1,054
Building and improvements	2,278
Costs capitalized subsequent to acquisition or completion and valuation provision	84
Land	1,084
Building and improvements	2,332
Total	3,416
Accumulated depreciation 12/31/2011	502
Year acquired/constructed	2007
8921- 8971 Fost Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hazelwood, MO
Encumbrances	0
Initial Cost of Land	431
Building and improvements	2,479
Costs capitalized subsequent to acquisition or completion and valuation provision	888
Land	431
Building and improvements	3,367
Total	3,798
Accumulated depreciation 12/31/2011	1,284
Year acquired/constructed	1994
9043-9083 Frost Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hazelwood, MO
Encumbrances	0
Initial Cost of Land	319
Building and improvements	1,838
Costs capitalized subsequent to acquisition or completion and valuation provision	2,243
Land	319
Building and improvements	4,081
Total	4,400
Accumulated depreciation 12/31/2011	1,181
Year acquired/constructed	1994
10431-10449 Midwest Industrial Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Olivette, MO
Encumbrances	1,335
Initial Cost of Land	237
Building and improvements	1,360
Costs capitalized subsequent to acquisition or completion and valuation provision	403
Land	237
Building and improvements	1,763
Total	2,000
Accumulated depreciation 12/31/2011	720
Year acquired/constructed	1994
10751 Midwest Industrial Boulevard [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Olivette, MO
Encumbrances	0
Initial Cost of Land	193
Building and improvements	1,119
Costs capitalized subsequent to acquisition or completion and valuation provision	259
Land	194
Building and improvements	1,377
Total	1,571
Accumulated depreciation 12/31/2011	526
Year acquired/constructed	1994
6951 N Hanley (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Hazelwood, MO
Encumbrances	0
Initial Cost of Land	405
Building and improvements	2,295
Costs capitalized subsequent to acquisition or completion and valuation provision	2,001
Land	419
Building and improvements	4,282
Total	4,701
Accumulated depreciation 12/31/2011	1,416
Year acquired/constructed	1996
1067 Warson-Bldg A [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	St. Louis, MO
Encumbrances	0
Initial Cost of Land	246
Building and improvements	1,359
Costs capitalized subsequent to acquisition or completion and valuation provision	359,881
Land	251
Building and improvements	2,235
Total	2,486
Accumulated depreciation 12/31/2011	524
Year acquired/constructed	2002
1067 Warson-Bldg B [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	St. Louis, MO
Encumbrances	0
Initial Cost of Land	380
Building and improvements	2,103
Costs capitalized subsequent to acquisition or completion and valuation provision	1,889
Land	388
Building and improvements	3,984
Total	4,372
Accumulated depreciation 12/31/2011	993
Year acquired/constructed	2002
1067 Warson-Bldg C [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	St. Louis, MO
Encumbrances	0
Initial Cost of Land	303
Building and improvements	1,680
Costs capitalized subsequent to acquisition or completion and valuation provision	1,476
Land	310
Building and improvements	3,149
Total	3,459
Accumulated depreciation 12/31/2011	839
Year acquired/constructed	2002
1067 Warson-Bldg D [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	St. Louis, MO
Encumbrances	0
Initial Cost of Land	353
Building and improvements	1,952
Costs capitalized subsequent to acquisition or completion and valuation provision	1,024
Land	360
Building and improvements	2,969
Total	3,329
Accumulated depreciation 12/31/2011	916
Year acquired/constructed	2002
6821-6857 Hazelwood Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Berkeley, MO
Encumbrances	4,836
Initial Cost of Land	985
Building and improvements	6,205
Costs capitalized subsequent to acquisition or completion and valuation provision	678
Land	985
Building and improvements	6,883
Total	7,868
Accumulated depreciation 12/31/2011	1,755
Year acquired/constructed	2003
13701 Rider Trail North [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Earth City, MO
Encumbrances	0
Initial Cost of Land	800
Building and improvements	2,099
Costs capitalized subsequent to acquisition or completion and valuation provision	714
Land	804
Building and improvements	2,809
Total	3,613
Accumulated depreciation 12/31/2011	720
Year acquired/constructed	2003
1908-2000 Innerbelt (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Overland, MO
Encumbrances	7,980
Initial Cost of Land	1,590
Building and improvements	9,026
Costs capitalized subsequent to acquisition or completion and valuation provision	966
Land	1,591
Building and improvements	9,991
Total	11,582
Accumulated depreciation 12/31/2011	2,878
Year acquired/constructed	2004
9060 Latty Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Berkeley, MO
Encumbrances	0
Initial Cost of Land	687
Building and improvements	1,947
Costs capitalized subsequent to acquisition or completion and valuation provision	(223)
Land	694
Building and improvements	1,717
Total	2,411
Accumulated depreciation 12/31/2011	1,070
Year acquired/constructed	2006
21-25 Gateway Commerce Center [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Edwardsville, IL
Encumbrances	23,091
Initial Cost of Land	1,874
Building and improvements	31,958
Costs capitalized subsequent to acquisition or completion and valuation provision	191
Land	1,928
Building and improvements	32,095
Total	34,023
Accumulated depreciation 12/31/2011	4,883
Year acquired/constructed	2006
6647 Romiss Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	St. Louis, MO
Encumbrances	0
Initial Cost of Land	230
Building and improvements	681
Costs capitalized subsequent to acquisition or completion and valuation provision	72
Land	241
Building and improvements	742
Total	983
Accumulated depreciation 12/31/2011	193
Year acquired/constructed	2008
5313 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	204
Building and improvements	1,159
Costs capitalized subsequent to acquisition or completion and valuation provision	178
Land	257
Building and improvements	1,284
Total	1,541
Accumulated depreciation 12/31/2011	443
Year acquired/constructed	1997
5525 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	192
Building and improvements	1,086
Costs capitalized subsequent to acquisition or completion and valuation provision	424
Land	200
Building and improvements	1,502
Total	1,702
Accumulated depreciation 12/31/2011	635
Year acquired/constructed	1997
5709 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	192
Building and improvements	1,086
Costs capitalized subsequent to acquisition or completion and valuation provision	163
Land	200
Building and improvements	1,241
Total	1,441
Accumulated depreciation 12/31/2011	444
Year acquired/constructed	1997
5711 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	243
Building and improvements	1,376
Costs capitalized subsequent to acquisition or completion and valuation provision	176
Land	255
Building and improvements	1,540
Total	1,795
Accumulated depreciation 12/31/2011	560
Year acquired/constructed	1997
5453 W Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	71
Building and improvements	402
Costs capitalized subsequent to acquisition or completion and valuation provision	134
Land	82
Building and improvements	525
Total	607
Accumulated depreciation 12/31/2011	182
Year acquired/constructed	1997
5455 W Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	307
Building and improvements	1,742
Costs capitalized subsequent to acquisition or completion and valuation provision	806
Land	326
Building and improvements	2,529
Total	2,855
Accumulated depreciation 12/31/2011	822
Year acquired/constructed	1997
5553 W Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	307
Building and improvements	1,742
Costs capitalized subsequent to acquisition or completion and valuation provision	447
Land	326
Building and improvements	2,170
Total	2,496
Accumulated depreciation 12/31/2011	784
Year acquired/constructed	1997
5501 W Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	215
Building and improvements	871
Costs capitalized subsequent to acquisition or completion and valuation provision	301
Land	242
Building and improvements	1,145
Total	1,387
Accumulated depreciation 12/31/2011	397
Year acquired/constructed	1997
5503 W Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	98
Building and improvements	402
Costs capitalized subsequent to acquisition or completion and valuation provision	289
Land	110
Building and improvements	679
Total	789
Accumulated depreciation 12/31/2011	241
Year acquired/constructed	1997
5555 W Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	213
Building and improvements	1,206
Costs capitalized subsequent to acquisition or completion and valuation provision	237
Land	221
Building and improvements	1,435
Total	1,656
Accumulated depreciation 12/31/2011	546
Year acquired/constructed	1997
5557 W Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	59
Building and improvements	335
Costs capitalized subsequent to acquisition or completion and valuation provision	44
Land	62
Building and improvements	376
Total	438
Accumulated depreciation 12/31/2011	130
Year acquired/constructed	1997
5463 W Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	497
Building and improvements	2,751
Costs capitalized subsequent to acquisition or completion and valuation provision	667
Land	560
Building and improvements	3,355
Total	3,915
Accumulated depreciation 12/31/2011	1,163
Year acquired/constructed	1998
5461 W Waters [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	261
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	1,567
Land	265
Building and improvements	1,563
Total	1,828
Accumulated depreciation 12/31/2011	585
Year acquired/constructed	1998
5481 W. Waters Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	558
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	2,497
Land	561
Building and improvements	2,494
Total	3,055
Accumulated depreciation 12/31/2011	778
Year acquired/constructed	1999
4515-4519 George Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	2,528
Initial Cost of Land	633
Building and improvements	3,587
Costs capitalized subsequent to acquisition or completion and valuation provision	767
Land	640
Building and improvements	4,347
Total	4,987
Accumulated depreciation 12/31/2011	1,162
Year acquired/constructed	2001
6089 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	910
Initial Cost of Land	180
Building and improvements	987
Costs capitalized subsequent to acquisition or completion and valuation provision	122
Land	186
Building and improvements	1,103
Total	1,289
Accumulated depreciation 12/31/2011	306
Year acquired/constructed	2004
6091 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	676
Initial Cost of Land	140
Building and improvements	730
Costs capitalized subsequent to acquisition or completion and valuation provision	98
Land	144
Building and improvements	824
Total	968
Accumulated depreciation 12/31/2011	247
Year acquired/constructed	2004
6103 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	1,108
Initial Cost of Land	220
Building and improvements	1,160
Costs capitalized subsequent to acquisition or completion and valuation provision	146
Land	226
Building and improvements	1,300
Total	1,526
Accumulated depreciation 12/31/2011	389
Year acquired/constructed	2004
6201 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	1,029
Initial Cost of Land	200
Building and improvements	1,107
Costs capitalized subsequent to acquisition or completion and valuation provision	168
Land	205
Building and improvements	1,270
Total	1,475
Accumulated depreciation 12/31/2011	393
Year acquired/constructed	2004
6203 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	1,286
Initial Cost of Land	300
Building and improvements	1,460
Costs capitalized subsequent to acquisition or completion and valuation provision	116
Land	311
Building and improvements	1,565
Total	1,876
Accumulated depreciation 12/31/2011	569
Year acquired/constructed	2004
6205 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	1,280
Initial Cost of Land	270
Building and improvements	1,363
Costs capitalized subsequent to acquisition or completion and valuation provision	120
Land	278
Building and improvements	1,475
Total	1,753
Accumulated depreciation 12/31/2011	333
Year acquired/constructed	2004
6101 Johns Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	805
Initial Cost of Land	210
Building and improvements	833
Costs capitalized subsequent to acquisition or completion and valuation provision	127
Land	216
Building and improvements	954
Total	1,170
Accumulated depreciation 12/31/2011	348
Year acquired/constructed	2004
4908 Tampa West Blvd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Tampa, FL
Encumbrances	0
Initial Cost of Land	2,622
Building and improvements	8,643
Costs capitalized subsequent to acquisition or completion and valuation provision	(820)
Land	2,635
Building and improvements	7,810
Total	10,445
Accumulated depreciation 12/31/2011	1,821
Year acquired/constructed	2005
7201 - 7245 Bryan Dairy Road (d) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Largo, FL
Encumbrances	0
Initial Cost of Land	1,895
Building and improvements	5,408
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,434)
Land	1,365
Building and improvements	4,504
Total	5,869
Accumulated depreciation 12/31/2011	878
Year acquired/constructed	2006
11701 Belcher Road South [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Largo, FL
Encumbrances	0
Initial Cost of Land	1,657
Building and improvements	2,768
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,516)
Land	852
Building and improvements	2,057
Total	2,909
Accumulated depreciation 12/31/2011	624
Year acquired/constructed	2006
4900- 4914 Creekside Drive (h) [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Clearwater, FL
Encumbrances	0
Initial Cost of Land	3,702
Building and improvements	7,338
Costs capitalized subsequent to acquisition or completion and valuation provision	(3,046)
Land	2,221
Building and improvements	5,773
Total	7,994
Accumulated depreciation 12/31/2011	1,913
Year acquired/constructed	2006
12345 Starkey Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Largo, FL
Encumbrances	0
Initial Cost of Land	898
Building and improvements	2,078
Costs capitalized subsequent to acquisition or completion and valuation provision	(462)
Land	599
Building and improvements	1,915
Total	2,514
Accumulated depreciation 12/31/2011	594
Year acquired/constructed	2006
114 Packham Rd [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Stratford, ON
Encumbrances	0
Initial Cost of Land	1,000
Building and improvements	3,526
Costs capitalized subsequent to acquisition or completion and valuation provision	527
Land	1,012
Building and improvements	4,041
Total	5,053
Accumulated depreciation 12/31/2011	1,624
Year acquired/constructed	2007
5050 Kendrick Court [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Grand Rapids, MI
Encumbrances	0
Initial Cost of Land	1,721
Building and improvements	11,433
Costs capitalized subsequent to acquisition or completion and valuation provision	(2,219)
Land	988
Building and improvements	9,947
Total	10,935
Accumulated depreciation 12/31/2011	6,764
Year acquired/constructed	1994
2250 Delaware Ave [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Des Moines, IA
Encumbrances	0
Initial Cost of Land	277
Building and improvements	1,609
Costs capitalized subsequent to acquisition or completion and valuation provision	(63)
Land	173
Building and improvements	1,650
Total	1,823
Accumulated depreciation 12/31/2011	711
Year acquired/constructed	1998
9601A Dessau Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Austin, TX
Encumbrances	1,209
Initial Cost of Land	255
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	1,782
Land	366
Building and improvements	1,671
Total	2,037
Accumulated depreciation 12/31/2011	505
Year acquired/constructed	1999
9601C Dessau Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Austin, TX
Encumbrances	1,443
Initial Cost of Land	248
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	2,185
Land	355
Building and improvements	2,078
Total	2,433
Accumulated depreciation 12/31/2011	997
Year acquired/constructed	1999
9601B Dessau Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Austin, TX
Encumbrances	1,246
Initial Cost of Land	248
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	1,852
Land	355
Building and improvements	1,745
Total	2,100
Accumulated depreciation 12/31/2011	588
Year acquired/constructed	2000
6266 Hurt Road [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Horn Lake, MS
Encumbrances	0
Initial Cost of Land	427
Building and improvements	0
Costs capitalized subsequent to acquisition or completion and valuation provision	4,013
Land	387
Building and improvements	4,053
Total	4,440
Accumulated depreciation 12/31/2011	614
Year acquired/constructed	2004
6301 Hazeltine National Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Orlando, FL
Encumbrances	3,959
Initial Cost of Land	909
Building and improvements	4,613
Costs capitalized subsequent to acquisition or completion and valuation provision	286
Land	920
Building and improvements	4,888
Total	5,808
Accumulated depreciation 12/31/2011	1,327
Year acquired/constructed	2005
12626 Silicon Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	San Antonio, TX
Encumbrances	3,132
Initial Cost of Land	768
Building and improvements	3,448
Costs capitalized subsequent to acquisition or completion and valuation provision	158
Land	779
Building and improvements	3,595
Total	4,374
Accumulated depreciation 12/31/2011	1,084
Year acquired/constructed	2005
3100 Pinson Valley Parkway [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Birmingham, AL
Initial Cost of Land	303
Building and improvements	742
Costs capitalized subsequent to acquisition or completion and valuation provision	(215)
Land	225
Building and improvements	605
Total	830
Accumulated depreciation 12/31/2011	206
Year acquired/constructed	2005
10330 I Street [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Omaha, NE
Initial Cost of Land	1,808
Building and improvements	8,340
Costs capitalized subsequent to acquisition or completion and valuation provision	(1,457)
Land	1,619
Building and improvements	7,072
Total	8,691
Accumulated depreciation 12/31/2011	2,147
Year acquired/constructed	2006
3200 Pond Station [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Jefferson County, KY
Initial Cost of Land	2,074
Costs capitalized subsequent to acquisition or completion and valuation provision	9,681
Land	2,120
Building and improvements	9,635
Total	11,755
Accumulated depreciation 12/31/2011	1,136
Year acquired/constructed	2007
Ozburn Hessey Logistics [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Winchester, VA
Encumbrances	8,036
Initial Cost of Land	2,320
Costs capitalized subsequent to acquisition or completion and valuation provision	10,855
Land	2,401
Building and improvements	10,774
Total	13,175
Accumulated depreciation 12/31/2011	1,228
Year acquired/constructed	2007
Pure Fishing BTS [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Kansas City, MO
Encumbrances	11,856
Initial Cost of Land	4,152
Costs capitalized subsequent to acquisition or completion and valuation provision	13,605
Land	4,228
Building and improvements	13,529
Total	17,757
Accumulated depreciation 12/31/2011	1,088
Year acquired/constructed	2008
3730 Wheeler Avenue [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Fort Smith, AR
Encumbrances	0
Initial Cost of Land	720
Building and improvements	2,800
Costs capitalized subsequent to acquisition or completion and valuation provision	(561)
Land	589
Building and improvements	2,370
Total	2,959
Accumulated depreciation 12/31/2011	554
Year acquired/constructed	2006
600 Greene Drive [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	Greenville, KY
Initial Cost of Land	294
Building and improvements	8,570
Costs capitalized subsequent to acquisition or completion and valuation provision	3
Land	296
Building and improvements	8,571
Total	8,867
Accumulated depreciation 12/31/2011	2,924
Year acquired/constructed	2008
Redevelopments / Developements / Developable Land [Member]
Real estate and accumulated depreciation [Abstract]
Location (City/State)	0
Encumbrances	0
Initial Cost of Land	132,787
Building and improvements	1,154
Costs capitalized subsequent to acquisition or completion and valuation provision	(954)
Land	118,854
Building and improvements	14,133
Total	132,987
Accumulated depreciation 12/31/2011	$ 1,221

XML

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Preferred distributions per depositary share

Series J Preferred Stock	2011		As a Percentage of Distributions			2010 (As Amended)		As a Percentage of Distributions			2009		As a Percentage of Distributions
Ordinary income	$	0.3130		23.02	%	$	1.4652		80.84	%	$	—		0.00	%
Long-term capital gains		—		0.00	%		—		0.00	%		1.3697		75.57	%
Unrecaptured Section 1250 gain		—		0.00	%		0.2423		13.37	%		0.4428		24.43	%
Return of Capital		1.0402		76.52	%		—		0.00	%		—		0.00	%
Qualified Dividends		0.0062		0.46	%		0.1050		5.79	%		—		0.00	%
	$	1.3594		100.00	%	$	1.8125		100.00	%	$	1.8125		100.00	%

Series K Preferred Stock	2011		As a Percentage of Distributions			2010 (As Amended)		As a Percentage of Distributions			2009		As a Percentage of Distributions
Ordinary income	$	0.3130		23.02	%	$	1.4652		80.84	%	$	—		0.00	%
Long-term capital gains		—		0.00	%		—		0.00	%		1.3697		75.57	%
Unrecaptured Section 1250 gain		—		0.00	%		0.2423		13.37	%		0.4428		24.43	%
Return of Capital		1.0402		76.52	%		—		0.00	%		—		0.00	%
Qualified Dividends		0.0062		0.46	%		0.1050		5.79	%		—		0.00	%
	$	1.3594		100.00	%	$	1.8125		100.00	%	$	1.8125		100.00	%

Components of income tax (provision) benefit

	2011			2010			2009
Current:
Federal	$	(622	)	$	(893	)	$	38,682
State		(502	)		(2,372	)		1,772
Foreign		(41	)		(95	)		(835	)
Deferred:
Federal.		(284	)		163			(15,816	)
State		(2	)		40			(616	)
Foreign.		(697	)		(148	)		9
	$	(2,148	)	$	(3,305	)	$	23,196

Deferred tax assets (liabilities)

	2011			2010
Investments in Joint Ventures	$	15		$	47
Fixed assets		—			1,863
Prepaid rent		45			71
Restricted stock		43			99
Capitalized Interest		—			626
Impairment of Real Estate		5,683			10,196
Foreign net operating loss carrying forward		828			706
Valuation Allowance		(5,078	)		(9,301	)
Other		483			569
Total deferred tax assets, net of allowance	$	2,019		$	4,876
Straight-line rent		(85	)		(510	)
Fixed assets		(1,946	)		(3,397	)
Other		(108	)		(106	)
Total deferred tax liabilities	$	(2,139	)	$	(4,013	)
Total net deferred tax (liability) asset	$	(120	)	$	863

Components of income tax benefit (provision)

	2011			2010			2009
Tax provision associated with income from operations on sold properties which is included in discontinued operations	$	(119	)	$	—		$	(384	)
Tax provision associated with gains and losses on the sale of real estate which is included in discontinued operations		(1,127	)		—			(1,462	)
Tax provision associated with gains and losses on the sale of real estate		(452	)		(342	)		(143	)
Income tax (provision) benefit		(450	)		(2,963	)		25,185
Income tax (provision) benefit	$	(2,148	)	$	(3,305	)	$	23,196

Income tax benefit pertaining to income from continuing operations and gain on sale of real estate

	2011			2010			2009
Tax (provision) benefit at federal rate related to continuing operations	$	(2,162	)	$	5,141		$	8,574
State tax (provision) benefit, net of federal (provision) benefit		(521	)		(2,320	)		1,849
Non-deductible permanent items, net		(54	)		(58	)		(1,652	)
Change in valuation allowance		1,853			(6,108	)		16,269
Foreign taxes, net		(96	)		(211	)		342
Other		78			251			(340	)
Net income tax (provision) benefit	$	(902	)	$	(3,305	)	$	25,042

XML

Investment In Real Estate (Details Textual) (USD $) In Thousands, unless otherwise specified	2 Months Ended	12 Months Ended				3 Months Ended	12 Months Ended
	Feb. 28, 2012 sqft acre IndustrialProperty	Dec. 31, 2011 sqft acre IndustrialProperty	Dec. 31, 2010 sqft IndustrialProperty	Dec. 31, 2009 sqft IndustrialProperty	Oct. 22, 2010 IndustrialProperty acre	Mar. 31, 2010 Grand Rapids Property [Member] sqft	Dec. 31, 2009 Inland Empire [Member]	Dec. 31, 2011 Discontinued Operations [Member]	Dec. 31, 2010 Discontinued Operations [Member]	Dec. 31, 2009 Discontinued Operations [Member]	Dec. 31, 2011 2003 Net Lease Joint Venture [Member] sqft IndustrialProperty	May 26, 2011 2003 Net Lease Joint Venture [Member]
Additional Investment in Real Estate (Textual) [Abstract]
Ownership percentage purchased	85.00%	85.00%										85.00%
Interest on purchase of equity in property											15.00%
Investments In Real Estate (Additional Textual) [Abstract]
Discounted operations on the sale of real estate		$ 21,789	$ 11,951	$ 24,580				$ 20,419	$ 11,092	$ 24,206
Impairment of Real Estate		2,661	(194,552)	(6,934)		(9,155)	(6,934)
Gross Leasable Area (GLA) of industrial property owned	400,000	66,300,000				300,000	200,000				3,400,000
Investment in Real Estate (Textual) [Abstract]
Purchase price of industrial property		30,625	22,408	208
Number of industrial properties acquired		1	3	2
Square Footage Of Real Estate Property Acquired		700,000	500,000	1,100,000
Square Footage Of Real Estate Property Sold		2,900,000	1,100,000	1,900,000
Approximate cost of GLA				41,258
Carrying value of mortgage loan for funding of acquisition		24,417
Cash Acquired from Acquisition	8,324	5,277
Percentage of consideration paid of net fair value of acquisition		85.00%
Approximate gain due to the difference between carrying value and fair value of acquisition		689
Number of industrial properties Sold		36	13	15
Gross proceed from the sale of industrial properties		86,643	71,019	100,194
Gain on Sale of Real Estate		21,789	11,951	24,580				20,419	11,092	24,206
GLA of Industrial Property transferred to lender		400,000
Number of industrial properties		740									7
Square Footage Of Real Estate Property Held For Sale		4,800,000
Number of operations of industrial properties held for sale		46
Notes receivable outstanding		55,502	58,803
Net discount of notes receivable outstanding		319	383
Fair value of notes receivable		58,734	60,944
Number of industrial properties Non Strategic Assets Held For Sale		46			195
Gross Area of Land Parcels Non Strategic Assets Held for Sale		61			724
Number of industrial properties Non Strategic Assets Other		133
Gross Area of Land Parcels Non Strategic Assets Other		359
Square Footage of Real Estate Property Non Strategic Assets Held for Sale		4,800,000	16,400,000
Square Footage of Real Estate Property Non Strategic Assets Other		11,300,000
Impairment Of Real Estates Non Strategic Assets Held For Sale			185,397
Impairment reversal of industrial properties and land parcels		$ 9,678

XML

Derivatives

12 Months Ended

Dec. 31, 2011

Derivatives [Abstract]

Derivatives

14. Derivatives

Our objectives in using interest rate 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 swaps as part of our interest rate risk management strategy. Interest rate swaps 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 Series F Preferred Stock is subject to a coupon rate reset. The coupon rate resets every quarter at 2.375% plus the greater of i) the 30 year Treasury CMT Rate, ii) the 10 year Treasury CMT Rate or iii) 3-month LIBOR. For the fourth quarter of 2011, the new coupon rate was 5.365% (see Note 7). In October 2008, we entered into an interest rate swap agreement with a notional value of $50,000 to mitigate our exposure to floating interest rates related to the forecasted reset rate of the coupon rate of our Series F Preferred Stock (the “Series F Agreement”). This Series F Agreement fixes the 30-year U.S. Treasury rate at 5.2175%. Accounting guidance for derivatives does not permit hedge accounting treatment related to equity instruments and therefore the mark to market gains or losses related to this agreement are recorded in the statement of operations. For the years ended December 31, 2011 and December 31, 2010, losses of $1,718 and $1,107, respectively, is recognized as Mark-to-Market Loss on Interest Rate Protection Agreements. Quarterly payments are treated as a component of the mark to market gains or losses and for the years ended December 31, 2011 and 2010, which totaled $574 and $492, respectively.

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 (“OCI”) 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 will amortize approximately $2,255 into net income by increasing interest expense for interest rate protection agreements we settled in previous periods.

The following is a summary of the terms of our derivatives and their fair values, which are included in Accounts Payable, Accrued Expenses and Other Liabilities, Net on the accompanying consolidated balance sheets:

Hedge Product	Notional Amount		Strike			Trade Date		Maturity Date		Fair Value As of December 31, 2011			Fair Value As of December 31, 2010
Derivatives not designated as hedging instruments:
Series F Agreement*		50,000		5.2175	%		October 2008		October 1, 2013	$	(1,667	)	$	(523	)

* Fair value excludes quarterly settlement payment due on Series F Agreement. As of December 31, 2011 and 2010, the outstanding payable was $280 and $194, respectively.

The following is a summary of the impact of the derivatives in cash flow hedging relationships on the statement of operations and the statement of OCI for the years ended December 31, 2011 and December 31, 2010:

		Year Ended
Interest Rate Products	Location on Statement	December 31, 2011			December 31, 2010
Loss Recognized in OCI (Effective Portion)	Mark-to-Market on Interest Rate Protection Agreements (OCI)	$	—		$	990
Amortization Reclassified from OCI into Earnings	Interest Expense	$	(2,166	)	$	(2,108	)

During 2010, the 2006 Land/Development Joint Venture had interest rate protection agreements outstanding which effectively converted floating rate debt to fixed rate debt on a portion of its total variable debt. The hedge relationships were considered highly effective and as such, for the year ended December 31, 2010, we recorded $1,137 in unrealized gain, representing our 10% share, offset by $414 of income tax provision, which is shown in Mark-to-Market on Interest Rate Protection Agreements, Net of Income Tax, in OCI. In connection with the sale of our equity interest of the 2006 Land/Development Joint Venture on August 5, 2010, we wrote off $1,625 that was recorded in OCI related to our 10% share of unrealized loss related to the interest rate protection agreements.

Our agreements with our derivative counterparties contain provisions where if we default on any of our indebtedness, then we could also be declared in default on our derivative obligations subject to certain thresholds.

The guidance for fair value measurement of financial instruments includes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The following table sets forth our financial liabilities that are accounted for at fair value on a recurring basis as of December 31, 2011 and December 31, 2010:

				Fair Value Measurements at Reporting Date Using:
Description	Fair Value			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Liabilities:
Series F Agreement at December 31, 2011	$	(1,667	)		—		—	$	(1,667	)
Series F Agreement at December 31, 2010	$	(523	)		—		—	$	(523	)

The valuation of the Series F Agreement is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the instrument. This analysis reflects the contractual terms of the agreements including the period to maturity. In adjusting the fair value of the interest rate protection agreements for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements. To comply with the provisions of fair value measurement, we incorporated a credit valuation adjustment (“CVA”) to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. However, assessing significance of inputs is a matter of judgment that should consider a variety of factors. One factor we consider is the CVA and its materiality to the overall valuation of the derivatives on the balance sheet and to their related changes in fair value. We consider the Series F Agreement to be classified as Level 3 in the fair value hierarchy due to a significant number of unobservable inputs. The Series F Agreement swaps a fixed rate 5.2175% for floating rate payments based on 30-year Treasury. No market observable prices exist for long-dated Treasuries. Therefore, we have classified the Series F Agreement in its entirety as a Level 3.

The following table presents a reconciliation of our liabilities classified as Level 3 at December 31, 2011 and December 31, 2010:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Derivatives
Ending asset balance at December 31, 2009	$	93
Total unrealized losses:
Mark-to-Market on Series F Agreement		(616	)
Ending liability balance at December 31, 2010	$	(523	)
Total unrealized losses:
Mark-to-Market on Series F Agreement		(1,144	)
Ending liability balance at December 31, 2011	$	(1,667	)

XML

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2011

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include all cash and liquid investments with an initial maturity of three months or less. The carrying amount approximates fair value due to the short term maturity of these investments.

Restricted Cash

Restricted Cash

At December 31, 2010, restricted cash primarily includes cash held in escrow in connection with mortgage debt requirements. The carrying amount approximates fair value due to the short term maturity of these investments.

Investment in Real Estate and Depreciation

Investment in Real Estate and Depreciation

Investment in Real Estate is carried at cost, less accumulated depreciation and amortization. We review our properties on a continuous basis for impairment and provide a provision if impairments exist. To determine if an impairment may exist, we review our properties and identify those that have had either an event of change or event of circumstances warranting further assessment of recoverability (such as a decrease in occupancy or decline in general market conditions). If further assessment of recoverability is needed, we estimate the future net cash flows expected to result from the use of the property and its eventual disposition on an individual property basis. If the sum of the expected future net cash flows (undiscounted and without interest charges) is less than the carrying amount of the property on an individual property basis, we will recognize an impairment loss based upon the estimated fair value of such property. For properties we consider held for sale, we cease depreciating the properties and value the properties at the lower of depreciated cost or fair value, less costs to dispose. If circumstances arise that were previously considered unlikely, and, as a result, we decide not to sell a property previously classified as held for sale, we will reclassify such property as held and used. Such property is measured at the lower of its carrying amount (adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used) or fair value at the date of the subsequent decision not to sell. To calculate the fair value of properties held for sale, we deduct from the estimated sales price of the property the estimated costs to close the sale. We classify properties as held for sale when all criteria within the Financial Accounting Standards Board’s (the “FASB”) guidance on the impairment or disposal of long-lived assets are met.

Interest costs, real estate taxes, compensation costs of development personnel and other directly related costs incurred during construction periods are capitalized and depreciated commencing with the date the property is substantially completed. Upon substantial completion, we reclassify construction in progress to building, tenant improvements and leasing commissions. Such costs begin to be capitalized to the development projects from the point we are undergoing necessary activities to get the development ready for its intended use and ceases when the development projects are substantially completed and held available for occupancy. Depreciation expense is computed using the straight-line method based on the following useful lives:

	Years
Buildings and Improvements		8 to 50
Land Improvements		3 to 20
Furniture, Fixtures and Equipment		5 to 10

Construction expenditures for tenant improvements, leasehold improvements and leasing commissions (inclusive of compensation costs of personnel attributable to leasing) are capitalized and amortized over the terms of each specific lease. Capitalized compensation costs of personnel attributable to leasing relate to time directly attributable to originating leases with independent third parties that result directly from and are essential to originating those leases and would not have been incurred had these leasing transactions not occurred. Repairs and maintenance are charged to expense when incurred. Expenditures for improvements are capitalized.

Upon acquisition of a property, we allocate the purchase price of the property based upon the fair value of the assets acquired and liabilities assumed, which generally consists of land, buildings, tenant improvements, leasing commissions and intangible assets including in-place leases, above market and below market leases and tenant relationships. We allocate the purchase price to the fair value of the tangible assets of an acquired property by valuing the property as if it were vacant. Acquired above and below market leases are valued based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above market leases and the initial term plus the term of any below market fixed rate renewal options for below market leases. The above market lease values are amortized as a reduction of rental revenue over the remaining term of the respective leases, and the below market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below market fixed rate renewal options of the respective leases.

The purchase price is further allocated to in-place lease values and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with the respective tenant. The value of in-place lease intangibles and tenant relationships, which are included as components of Deferred Leasing Intangibles, Net are amortized over the remaining lease term (and expected renewal periods of the respective lease for tenant relationships) as adjustments to depreciation and other amortization expense. If a tenant terminates its lease early, the unamortized portion of the tenant improvements, leasing commissions, above and below market leases, the in-place lease value and tenant relationships is immediately written off.

Deferred Leasing Intangibles, net of accumulated amortization (exclusive of Deferred Leasing Intangibles held for sale) included in our total assets and total liabilities consist of the following:

	December 31, 2011		December 31, 2010
In-Place Leases	$	19,587	$	21,951
Above Market Leases	$	5,888	$	3,948
Tenant Relationships	$	12,562	$	13,819
Total included in Total Assets	$	38,037	$	39,718
Below Market Leases	$	16,567	$	18,519
Total included in Total Liabilities	$	16,567	$	18,519

Amortization expense related to in-place leases and tenant relationships of deferred leasing intangibles, exclusive of in-place leases and tenant relationships held for sale, was $11,076, $14,185 and $16,162 for the years ended December 31, 2011, 2010, and 2009, respectively. Rental revenues increased by $1,431, $2,857 and $4,273 related to net amortization of above/(below) market leases, exclusive of above/(below) market leases held for sale, for the years ended December 31, 2011, 2010, and 2009, respectively. We will recognize net amortization expense related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2011 and not classified as held for sale, as follows:

	Estimated Amortization of In-Place Leases and Tenant Relationships		Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2012	$	6,519	$	763
2013	$	5,457	$	531
2014	$	4,417	$	380
2015	$	3,750	$	371
2016	$	2,394	$	884

Construction Revenues and Expenses

Construction Revenues and Expenses

Construction revenues and expenses represent revenues earned and expenses incurred in connection with a taxable REIT subsidiary acting as a general contractor or development manager to construct industrial properties and also include revenues and expenses related to the development of properties for third parties. We use the percentage-of-completion contract method to recognize revenue. Using this method, revenues are recorded based on estimates of the percentage of completion of individual contracts. The percentage of completion estimates are based on a comparison of the contract expenditures incurred to the estimated final costs. Changes in job performance, job conditions and estimated profitability may result in revisions to costs and income and are recognized in the period in which the revisions are determined.

Foreign Currency Transactions and Translation

Foreign Currency Transactions and Translation

At December 31, 2011, we owned a land parcel located in Toronto, Canada for which the functional currency was determined to be the Canadian dollar. The assets and liabilities related to this land parcel are translated to U.S. dollars from the Canadian dollar based on the current exchange rate prevailing at each balance sheet date. The income statement accounts related to this land parcel are translated using the average exchange rate for the period. The resulting translation adjustments are included in Accumulated Other Comprehensive Income.

Deferred Financing Costs

Deferred Financing Costs

Deferred financing costs include fees and costs incurred to obtain long-term financing. These fees and costs are being amortized over the terms of the respective loans. Accumulated amortization of deferred financing costs was $13,086 and $16,565 at December 31, 2011 and 2010, respectively. Unamortized deferred financing costs are written-off when debt is retired before the maturity date.

Investments in Joint Ventures

Investments in Joint Ventures

Investments in Joint Ventures represent our noncontrolling equity interests in our Joint Ventures. We account for our Investments in Joint Ventures under the equity method of accounting, as we do not have a majority voting interest, operational control or financial control. Control is determined using accounting standards related to the consolidation of joint ventures and variable interest entities. In order to assess whether consolidation of a variable-interest entity is required, an enterprise is required to qualitatively assess the determination of the primary beneficiary of a variable interest entity (“VIE”) based on whether the entity (1) has the power to direct matters that most significantly impact the activities of the VIE, and (2) has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Additionally, they require an ongoing reconsideration of the primary beneficiary and provide a framework for the events that trigger a reassessment of whether an entity is a VIE.

Under the equity method of accounting, our share of earnings or losses of our Joint Ventures is reflected in income as earned and contributions or distributions increase or decrease our Investments in Joint Ventures as paid or received, respectively. Differences between our carrying value of our Investments in Joint Ventures and our underlying equity of such Joint Ventures are amortized over the respective lives of the underlying assets.

On a continuous basis, we assess whether there are any indicators that the value of our Investments in Joint Ventures may be impaired. An investment is impaired if our estimate of the fair value of the investment is less than the carrying value of the investment, and such decline in fair value is deemed to be other than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the fair value of the investment. Our estimates of fair value for each investment are based on a number of subjective assumptions that are subject to economic and market uncertainties including, among others, demand for space, market rental rates and operating costs, the discount rate used to value the cash flows of the properties, the cap rate used to estimate the terminal value of the underlying properties and the discount rate used to value the Joint Ventures’ debt. As these factors are difficult to predict and are subject to future events that may alter our assumptions, our fair values estimated in the impairment analyses may not be realized.

Stock Based Compensation

Stock Based Compensation

We account for stock based compensation using the modified prospective application method, which requires measurement of compensation cost for all stock-based awards at fair value on the date of grant and recognition of compensation over the service period for awards expected to vest.

Net income, net of preferred dividends, is allocated to common stockholders and participating securities based upon their proportionate share of weighted average shares plus weighted average participating securities. Participating securities are unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents. Certain restricted stock awards and restricted unit awards granted to employees and directors are considered participating securities as they receive non-forfeitable dividend or dividend equivalents at the same rate as common stock. See Note 9 for further disclosure about participating securities.

Revenue Recognition

Revenue Recognition

Rental income is recognized on a straight-line method under which contractual rent increases are recognized evenly over the lease term. Tenant recovery income includes payments from tenants for real estate taxes, insurance and other property operating expenses and is recognized as revenue in the same period the related expenses are incurred by us.

Revenue is generally recognized on payments received from tenants for early lease terminations upon the effective termination of a tenant’s lease and when we have no further obligations under the lease.

Interest income on mortgage loans receivable is recognized based on the accrual method unless a significant uncertainty of collection exists. If a significant uncertainty exists, interest income is recognized as collected.

We provide an allowance for doubtful accounts against the portion of tenant accounts receivable including deferred rent receivable, which is estimated to be uncollectible. Accounts receivable in the consolidated balance sheets are shown net of an allowance for doubtful accounts of $2,675 and $3,001 as of December 31, 2011 and 2010, respectively. Deferred rent receivable in the consolidated balance sheets are shown net of an allowance for doubtful accounts of $2,302 and $1,855 as of December 31, 2011 and 2010, respectively. For accounts receivable we deem uncollectible, we use the direct write-off method.

Gain on Sale of Real Estate

Gain on Sale of Real Estate

Gain on sale of real estate is recognized using the full accrual method, when appropriate. Gains relating to transactions which do not meet the full accrual method of accounting are deferred and recognized when the full accrual method of accounting criteria are met or by using the installment or deposit methods of profit recognition, as appropriate in the circumstances. As the assets are sold, their costs and related accumulated depreciation are written off with resulting gains or losses reflected in net income or loss. Estimated future costs to be incurred by us after completion of each sale are included in the determination of the gain on sales.

Notes Receivable

Notes Receivable

Notes receivable are primarily comprised of mortgage note receivables that we have made in connection with sales of real estate assets. The note receivables are recorded at fair value at the time of issuance. Interest income is accrued as earned. Notes receivable are considered past due based on the contractual terms of the note agreement. On a quarterly basis, we evaluate the collectability of each mortgage note receivable based on various factors which may include payment history, expected fair value of the collateral securing the loan, internal and external credit information and/or economic trends. A loan is considered impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due under the existing contractual terms. When a loan is considered impaired, the amount of the loss accrual is calculated by comparing the carrying amount of the note receivable to the present value of expected future cash flows. Since the majority of our notes receivable are collateralized by a first mortgage, the loans have risk characteristics similar to the risks in owning commercial real estate.

Income Taxes

Income Taxes

We have elected to be taxed as a REIT under the Code. To qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement to distribute at least 90% of our adjusted taxable income to our stockholders. Management intends to continue to adhere to these requirements and to maintain our REIT status. As a REIT, we are entitled to a tax deduction for some or all of the dividends we pay to shareholders. Accordingly, we generally will not be subject to federal income taxes as long as we currently distribute to shareholders an amount equal to or in excess of our taxable income. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes and may not be able to qualify as a REIT for four subsequent taxable years.

REIT qualification reduces, but does not eliminate, the amount of state and local taxes we pay. In addition, our financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal, state and local income taxes. As a REIT, we may also be subject to certain federal excise and franchise taxes if we engage in certain types of transactions. A benefit/provision has been made for federal, state and local income taxes in the accompanying consolidated financial statements. In accordance with FASB’s guidance, the total benefit/provision has been separately allocated to income (loss) from continuing operations, income (loss) from discontinued operations and gain (loss) on sale of real estate. The provision for excise and franchise taxes has been reflected in general and administrative expense in the consolidated statements of operations and has not been separately stated due to its insignificance.

We evaluate tax positions taken in the financial statements on a quarterly basis under the interpretation for accounting for uncertainty in income taxes. As a result of this evaluation, we may recognize a tax benefit from an uncertain tax position only if it is “more-likely-than-not” that the tax position will be sustained on examination by taxing authorities. As of December 31, 2011, we do not have any unrecognized tax benefits.

We file income tax returns in the U.S., and various states and foreign jurisdictions. In general, the statutes of limitations for income tax returns remain open for the years 2008 through 2011. One of our taxable REIT subsidiaries which liquidated in September 2009 is currently under examination by the Internal Revenue Service (“IRS”) for 2008 and for the tax year ended September 1, 2009 during which we received refunds from the IRS of $3,767 and $40,418, respectively.

During 2005, we recorded a $745 franchise tax reserve related to a potential state franchise tax assessment for the 1996-2001 tax years. During the year ended December 31, 2011, we received a refund from the state, representing amounts paid during 2006 related to the 1996-2001 tax years. Based on the refund received and discussions with the taxing authorities, as of December 31, 2011, management believes that it is unlikely that any franchise tax amounts will be assessed by the state for such tax years. As such, during the year ended December 31, 2011, we have reversed $745 of franchise taxes. Franchise taxes are recorded within general and administrative expense.

Earnings Per Share(EPS)

Earnings Per Share (“EPS”)

Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the sum of the weighted average number of common shares outstanding and any dilutive non-participating securities for the period. See Note 9 for further disclosure about EPS.

Derivative Financial Instruments

Derivative Financial Instruments

Historically, we have used interest rate protection agreements (“Agreements”) to fix the interest rate on anticipated offerings of senior unsecured notes or convert floating rate debt to fixed rate debt. Receipts or payments that result from the settlement of Agreements used to fix the interest rate on anticipated offerings of senior unsecured notes are amortized over the life of the derivative or the life of the debt and included in interest expense. Receipts or payments resulting from Agreements used to convert floating rate debt to fixed rate debt are recognized as a component of interest expense. Agreements which qualify for hedge accounting are marked-to-market and any gain or loss that is effective is recognized in other comprehensive income (shareholders’ equity). Agreements which do not qualify for hedge accounting are marked-to-market and any gain or loss is recognized in net income (loss) immediately. Amounts accumulated in other comprehensive income during the hedge period are reclassified to earnings in the same period during which the forecasted transaction or hedged item affects net income (loss). The credit risks associated with Agreements are controlled through the evaluation and monitoring of the creditworthiness of the counterparty. In the event that the counterparty fails to meet the terms of Agreements, our exposure is limited to the current value of the interest rate differential, not the notional amount, and our carrying value of Agreements on the balance sheet. See Note 14 for more information on Agreements.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Financial instruments other than our derivatives include tenant accounts receivable, net, notes receivable, accounts payable, other accrued expenses, mortgage and other loans payable, unsecured credit facility and senior unsecured notes. The fair values of tenant accounts receivable, net, accounts payable and other accrued expenses approximate their carrying or contract values. See Note 6 for the fair values of the mortgage and other loans payable, unsecured credit facility and senior unsecured notes and see Note 4 for the fair value of our notes receivable.

Discontinued Operations

Discontinued Operations

The FASB’s guidance on financial reporting for the disposal of long lived assets requires that the results of operations and gains or losses on the sale of property or property held for sale be presented in discontinued operations if both of the following criteria are met: (a) the operations and cash flows of the property have been (or will be) eliminated from the ongoing operations of the Company as a result of the disposal transaction and (b) we will not have any significant continuing involvement in the operations of the property after the disposal transaction. The guidance also requires prior period results of operations for these properties to be reclassified and presented in discontinued operations in prior consolidated statements of operations.

Segment Reporting

Segment Reporting

Management views the Company as a single segment based on its method of internal reporting.

XML

Real Estate and Accumulated Depreciation (Details 3) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Change in Accumulated Depreciation
Balance, Beginning of Year	$ 663,310	$ 597,461	$ 524,865
Depreciation for Year	95,931	104,175	112,241
Disposition of Assets	(30,587)	(5,354)	(9,633)
Write-off of Fully Depreciated Assets	(32,723)	(32,972)	(30,012)
Balance, End of Year	$ 695,931	$ 663,310	$ 597,461

XML

Investment in Real Estate (Details 2) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Summary of net non-cash impairment charges
Impairment of Real Estate	$ 2,661	$ (194,552)	$ (6,934)
Operating Properties - Held for Sale and Sold Assets [Member]
Summary of net non-cash impairment charges
Impairment of Real Estate	(6,146)	(81,648)	(1,317)
Impairment - Discontinued Operations [Member]
Summary of net non-cash impairment charges
Impairment of Real Estate	(6,146)	(81,648)	(1,317)
Land Parcels - Held for Sale and Sold Assets [Member]
Summary of net non-cash impairment charges
Impairment of Real Estate	5,879	(8,275)
Operating Properties - Held for Use [Member]
Summary of net non-cash impairment charges
Impairment of Real Estate	1,687	(90,204)	(5,617)
Land Parcels - Held for Use [Member]
Summary of net non-cash impairment charges
Impairment of Real Estate	1,241	(14,425)
Impairment - Continuing Operations [Member]
Summary of net non-cash impairment charges
Impairment of Real Estate	$ 8,807	$ (112,904)	$ (5,617)

XML

Organization and Formation of Company (Details Textual)	2 Months Ended	12 Months Ended
	Feb. 28, 2012 sqft IndustrialProperty State Province	Dec. 31, 2011 sqft JointVentures IndustrialProperty State Province
Organization and Formation of Company (Textual) [Abstract]
Industrial property owned		740
Number of states in which industrial properties are located		26
Number of provinces in which industrial properties are located		1
Gross Leasable Area (GLA) of industrial property owned	400,000	66,300,000
Number of Joint Ventures		2
Number of joint ventures in which company disposed off their equity interests		5

XML

Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Consolidated Statements of Comprehensive Income [Abstract]
Net (Loss) Income	$ (9,190)	$ (221,619)	$ 4,186
Mark-to-Market on Interest Rate Protection Agreements, Net of Income Tax Provision		990	(383)
Amortization of Interest Rate Protection Agreements	2,166	2,108	796
Write-off of Unamortized Settlement Amounts of Interest Rate Protection Agreements	3,250	(182)	523
Reclassification of Foreign Exchange Loss on Substantial Liquidation of Foreign Entities, Net of Income Tax Benefit	179
Foreign Currency Translation Adjustment, Net of Tax Benefit (Provision) Benefit	(1,480)	563	1,503
Comprehensive (Loss) Income	(5,075)	(218,140)	6,625
Comprehensive Loss Attributable to Noncontrolling Interest	1,494	18,527	1,299
Comprehensive (Loss) Income Attributable to First Industrial Realty Trust, Inc.	$ (3,581)	$ (199,613)	$ 7,924

XML

Commitments and Contingencies (Details Textual) (USD $) In Thousands, unless otherwise specified	12 Months Ended			3 Months Ended
	Dec. 31, 2011 Property	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011 Minimum [Member]	Dec. 31, 2011 Maximum [Member]
Additional Commitments and Contingencies (Textual) [Abstract]
Expiry date of letter of credit				Febuary 2012	July 2013
Commitments and Contingencies (Textual) [Abstract]
Number leased properties having the options to purchase the property	12
Letters of credit outstanding in aggregate amount	$ 6,780
Operating and ground lease expense	$ 1,955	$ 3,047	$ 4,181

XML

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2011

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

3. Summary of Significant Accounting Policies

In order to conform with generally accepted accounting principles, we are required in preparation of our financial statements to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of December 31, 2011 and 2010, and the reported amounts of revenues and expenses for each of the years ended December 31, 2011, 2010 and 2009. Actual results could differ from those estimates. Certain reclassifications within the footnotes have been made to prior period amounts in order to conform with current period presentation.

Cash and Cash Equivalents

Cash and cash equivalents include all cash and liquid investments with an initial maturity of three months or less. The carrying amount approximates fair value due to the short term maturity of these investments.

Restricted Cash

At December 31, 2010, restricted cash primarily includes cash held in escrow in connection with mortgage debt requirements. The carrying amount approximates fair value due to the short term maturity of these investments.

Investment in Real Estate and Depreciation

Investment in Real Estate is carried at cost, less accumulated depreciation and amortization. We review our properties on a continuous basis for impairment and provide a provision if impairments exist. To determine if an impairment may exist, we review our properties and identify those that have had either an event of change or event of circumstances warranting further assessment of recoverability (such as a decrease in occupancy or decline in general market conditions). If further assessment of recoverability is needed, we estimate the future net cash flows expected to result from the use of the property and its eventual disposition on an individual property basis. If the sum of the expected future net cash flows (undiscounted and without interest charges) is less than the carrying amount of the property on an individual property basis, we will recognize an impairment loss based upon the estimated fair value of such property. For properties we consider held for sale, we cease depreciating the properties and value the properties at the lower of depreciated cost or fair value, less costs to dispose. If circumstances arise that were previously considered unlikely, and, as a result, we decide not to sell a property previously classified as held for sale, we will reclassify such property as held and used. Such property is measured at the lower of its carrying amount (adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used) or fair value at the date of the subsequent decision not to sell. To calculate the fair value of properties held for sale, we deduct from the estimated sales price of the property the estimated costs to close the sale. We classify properties as held for sale when all criteria within the Financial Accounting Standards Board’s (the “FASB”) guidance on the impairment or disposal of long-lived assets are met.

Interest costs, real estate taxes, compensation costs of development personnel and other directly related costs incurred during construction periods are capitalized and depreciated commencing with the date the property is substantially completed. Upon substantial completion, we reclassify construction in progress to building, tenant improvements and leasing commissions. Such costs begin to be capitalized to the development projects from the point we are undergoing necessary activities to get the development ready for its intended use and ceases when the development projects are substantially completed and held available for occupancy. Depreciation expense is computed using the straight-line method based on the following useful lives:

	Years
Buildings and Improvements		8 to 50
Land Improvements		3 to 20
Furniture, Fixtures and Equipment		5 to 10

Construction expenditures for tenant improvements, leasehold improvements and leasing commissions (inclusive of compensation costs of personnel attributable to leasing) are capitalized and amortized over the terms of each specific lease. Capitalized compensation costs of personnel attributable to leasing relate to time directly attributable to originating leases with independent third parties that result directly from and are essential to originating those leases and would not have been incurred had these leasing transactions not occurred. Repairs and maintenance are charged to expense when incurred. Expenditures for improvements are capitalized.

Upon acquisition of a property, we allocate the purchase price of the property based upon the fair value of the assets acquired and liabilities assumed, which generally consists of land, buildings, tenant improvements, leasing commissions and intangible assets including in-place leases, above market and below market leases and tenant relationships. We allocate the purchase price to the fair value of the tangible assets of an acquired property by valuing the property as if it were vacant. Acquired above and below market leases are valued based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above market leases and the initial term plus the term of any below market fixed rate renewal options for below market leases. The above market lease values are amortized as a reduction of rental revenue over the remaining term of the respective leases, and the below market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below market fixed rate renewal options of the respective leases.

The purchase price is further allocated to in-place lease values and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with the respective tenant. The value of in-place lease intangibles and tenant relationships, which are included as components of Deferred Leasing Intangibles, Net are amortized over the remaining lease term (and expected renewal periods of the respective lease for tenant relationships) as adjustments to depreciation and other amortization expense. If a tenant terminates its lease early, the unamortized portion of the tenant improvements, leasing commissions, above and below market leases, the in-place lease value and tenant relationships is immediately written off.

Deferred Leasing Intangibles, net of accumulated amortization (exclusive of Deferred Leasing Intangibles held for sale) included in our total assets and total liabilities consist of the following:

	December 31, 2011		December 31, 2010
In-Place Leases	$	19,587	$	21,951
Above Market Leases	$	5,888	$	3,948
Tenant Relationships	$	12,562	$	13,819
Total included in Total Assets	$	38,037	$	39,718
Below Market Leases	$	16,567	$	18,519
Total included in Total Liabilities	$	16,567	$	18,519

Amortization expense related to in-place leases and tenant relationships of deferred leasing intangibles, exclusive of in-place leases and tenant relationships held for sale, was $11,076, $14,185 and $16,162 for the years ended December 31, 2011, 2010, and 2009, respectively. Rental revenues increased by $1,431, $2,857 and $4,273 related to net amortization of above/(below) market leases, exclusive of above/(below) market leases held for sale, for the years ended December 31, 2011, 2010, and 2009, respectively. We will recognize net amortization expense related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2011 and not classified as held for sale, as follows:

	Estimated Amortization of In-Place Leases and Tenant Relationships		Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2012	$	6,519	$	763
2013	$	5,457	$	531
2014	$	4,417	$	380
2015	$	3,750	$	371
2016	$	2,394	$	884

Construction Revenues and Expenses

Construction revenues and expenses represent revenues earned and expenses incurred in connection with a taxable REIT subsidiary acting as a general contractor or development manager to construct industrial properties and also include revenues and expenses related to the development of properties for third parties. We use the percentage-of-completion contract method to recognize revenue. Using this method, revenues are recorded based on estimates of the percentage of completion of individual contracts. The percentage of completion estimates are based on a comparison of the contract expenditures incurred to the estimated final costs. Changes in job performance, job conditions and estimated profitability may result in revisions to costs and income and are recognized in the period in which the revisions are determined.

Foreign Currency Transactions and Translation

At December 31, 2011, we owned a land parcel located in Toronto, Canada for which the functional currency was determined to be the Canadian dollar. The assets and liabilities related to this land parcel are translated to U.S. dollars from the Canadian dollar based on the current exchange rate prevailing at each balance sheet date. The income statement accounts related to this land parcel are translated using the average exchange rate for the period. The resulting translation adjustments are included in Accumulated Other Comprehensive Income.

Deferred Financing Costs

Deferred financing costs include fees and costs incurred to obtain long-term financing. These fees and costs are being amortized over the terms of the respective loans. Accumulated amortization of deferred financing costs was $13,086 and $16,565 at December 31, 2011 and 2010, respectively. Unamortized deferred financing costs are written-off when debt is retired before the maturity date.

Investments in Joint Ventures

Investments in Joint Ventures represent our noncontrolling equity interests in our Joint Ventures. We account for our Investments in Joint Ventures under the equity method of accounting, as we do not have a majority voting interest, operational control or financial control. Control is determined using accounting standards related to the consolidation of joint ventures and variable interest entities. In order to assess whether consolidation of a variable-interest entity is required, an enterprise is required to qualitatively assess the determination of the primary beneficiary of a variable interest entity (“VIE”) based on whether the entity (1) has the power to direct matters that most significantly impact the activities of the VIE, and (2) has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Additionally, they require an ongoing reconsideration of the primary beneficiary and provide a framework for the events that trigger a reassessment of whether an entity is a VIE.

Under the equity method of accounting, our share of earnings or losses of our Joint Ventures is reflected in income as earned and contributions or distributions increase or decrease our Investments in Joint Ventures as paid or received, respectively. Differences between our carrying value of our Investments in Joint Ventures and our underlying equity of such Joint Ventures are amortized over the respective lives of the underlying assets.

On a continuous basis, we assess whether there are any indicators that the value of our Investments in Joint Ventures may be impaired. An investment is impaired if our estimate of the fair value of the investment is less than the carrying value of the investment, and such decline in fair value is deemed to be other than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the fair value of the investment. Our estimates of fair value for each investment are based on a number of subjective assumptions that are subject to economic and market uncertainties including, among others, demand for space, market rental rates and operating costs, the discount rate used to value the cash flows of the properties, the cap rate used to estimate the terminal value of the underlying properties and the discount rate used to value the Joint Ventures’ debt. As these factors are difficult to predict and are subject to future events that may alter our assumptions, our fair values estimated in the impairment analyses may not be realized.

Stock Based Compensation

We account for stock based compensation using the modified prospective application method, which requires measurement of compensation cost for all stock-based awards at fair value on the date of grant and recognition of compensation over the service period for awards expected to vest.

Net income, net of preferred dividends, is allocated to common stockholders and participating securities based upon their proportionate share of weighted average shares plus weighted average participating securities. Participating securities are unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents. Certain restricted stock awards and restricted unit awards granted to employees and directors are considered participating securities as they receive non-forfeitable dividend or dividend equivalents at the same rate as common stock. See Note 9 for further disclosure about participating securities.

Revenue Recognition

Rental income is recognized on a straight-line method under which contractual rent increases are recognized evenly over the lease term. Tenant recovery income includes payments from tenants for real estate taxes, insurance and other property operating expenses and is recognized as revenue in the same period the related expenses are incurred by us.

Revenue is generally recognized on payments received from tenants for early lease terminations upon the effective termination of a tenant’s lease and when we have no further obligations under the lease.

Interest income on mortgage loans receivable is recognized based on the accrual method unless a significant uncertainty of collection exists. If a significant uncertainty exists, interest income is recognized as collected.

We provide an allowance for doubtful accounts against the portion of tenant accounts receivable including deferred rent receivable, which is estimated to be uncollectible. Accounts receivable in the consolidated balance sheets are shown net of an allowance for doubtful accounts of $2,675 and $3,001 as of December 31, 2011 and 2010, respectively. Deferred rent receivable in the consolidated balance sheets are shown net of an allowance for doubtful accounts of $2,302 and $1,855 as of December 31, 2011 and 2010, respectively. For accounts receivable we deem uncollectible, we use the direct write-off method.

Gain on Sale of Real Estate

Gain on sale of real estate is recognized using the full accrual method, when appropriate. Gains relating to transactions which do not meet the full accrual method of accounting are deferred and recognized when the full accrual method of accounting criteria are met or by using the installment or deposit methods of profit recognition, as appropriate in the circumstances. As the assets are sold, their costs and related accumulated depreciation are written off with resulting gains or losses reflected in net income or loss. Estimated future costs to be incurred by us after completion of each sale are included in the determination of the gain on sales.

Notes Receivable

Notes receivable are primarily comprised of mortgage note receivables that we have made in connection with sales of real estate assets. The note receivables are recorded at fair value at the time of issuance. Interest income is accrued as earned. Notes receivable are considered past due based on the contractual terms of the note agreement. On a quarterly basis, we evaluate the collectability of each mortgage note receivable based on various factors which may include payment history, expected fair value of the collateral securing the loan, internal and external credit information and/or economic trends. A loan is considered impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due under the existing contractual terms. When a loan is considered impaired, the amount of the loss accrual is calculated by comparing the carrying amount of the note receivable to the present value of expected future cash flows. Since the majority of our notes receivable are collateralized by a first mortgage, the loans have risk characteristics similar to the risks in owning commercial real estate.

Income Taxes

We have elected to be taxed as a REIT under the Code. To qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement to distribute at least 90% of our adjusted taxable income to our stockholders. Management intends to continue to adhere to these requirements and to maintain our REIT status. As a REIT, we are entitled to a tax deduction for some or all of the dividends we pay to shareholders. Accordingly, we generally will not be subject to federal income taxes as long as we currently distribute to shareholders an amount equal to or in excess of our taxable income. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes and may not be able to qualify as a REIT for four subsequent taxable years.

REIT qualification reduces, but does not eliminate, the amount of state and local taxes we pay. In addition, our financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal, state and local income taxes. As a REIT, we may also be subject to certain federal excise and franchise taxes if we engage in certain types of transactions. A benefit/provision has been made for federal, state and local income taxes in the accompanying consolidated financial statements. In accordance with FASB’s guidance, the total benefit/provision has been separately allocated to income (loss) from continuing operations, income (loss) from discontinued operations and gain (loss) on sale of real estate. The provision for excise and franchise taxes has been reflected in general and administrative expense in the consolidated statements of operations and has not been separately stated due to its insignificance.

We evaluate tax positions taken in the financial statements on a quarterly basis under the interpretation for accounting for uncertainty in income taxes. As a result of this evaluation, we may recognize a tax benefit from an uncertain tax position only if it is “more-likely-than-not” that the tax position will be sustained on examination by taxing authorities. As of December 31, 2011, we do not have any unrecognized tax benefits.

We file income tax returns in the U.S., and various states and foreign jurisdictions. In general, the statutes of limitations for income tax returns remain open for the years 2008 through 2011. One of our taxable REIT subsidiaries which liquidated in September 2009 is currently under examination by the Internal Revenue Service (“IRS”) for 2008 and for the tax year ended September 1, 2009 during which we received refunds from the IRS of $3,767 and $40,418, respectively.

During 2005, we recorded a $745 franchise tax reserve related to a potential state franchise tax assessment for the 1996-2001 tax years. During the year ended December 31, 2011, we received a refund from the state, representing amounts paid during 2006 related to the 1996-2001 tax years. Based on the refund received and discussions with the taxing authorities, as of December 31, 2011, management believes that it is unlikely that any franchise tax amounts will be assessed by the state for such tax years. As such, during the year ended December 31, 2011, we have reversed $745 of franchise taxes. Franchise taxes are recorded within general and administrative expense.

Earnings Per Share (“EPS”)

Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the sum of the weighted average number of common shares outstanding and any dilutive non-participating securities for the period. See Note 9 for further disclosure about EPS.

Derivative Financial Instruments

Historically, we have used interest rate protection agreements (“Agreements”) to fix the interest rate on anticipated offerings of senior unsecured notes or convert floating rate debt to fixed rate debt. Receipts or payments that result from the settlement of Agreements used to fix the interest rate on anticipated offerings of senior unsecured notes are amortized over the life of the derivative or the life of the debt and included in interest expense. Receipts or payments resulting from Agreements used to convert floating rate debt to fixed rate debt are recognized as a component of interest expense. Agreements which qualify for hedge accounting are marked-to-market and any gain or loss that is effective is recognized in other comprehensive income (shareholders’ equity). Agreements which do not qualify for hedge accounting are marked-to-market and any gain or loss is recognized in net income (loss) immediately. Amounts accumulated in other comprehensive income during the hedge period are reclassified to earnings in the same period during which the forecasted transaction or hedged item affects net income (loss). The credit risks associated with Agreements are controlled through the evaluation and monitoring of the creditworthiness of the counterparty. In the event that the counterparty fails to meet the terms of Agreements, our exposure is limited to the current value of the interest rate differential, not the notional amount, and our carrying value of Agreements on the balance sheet. See Note 14 for more information on Agreements.

Fair Value of Financial Instruments

Financial instruments other than our derivatives include tenant accounts receivable, net, notes receivable, accounts payable, other accrued expenses, mortgage and other loans payable, unsecured credit facility and senior unsecured notes. The fair values of tenant accounts receivable, net, accounts payable and other accrued expenses approximate their carrying or contract values. See Note 6 for the fair values of the mortgage and other loans payable, unsecured credit facility and senior unsecured notes and see Note 4 for the fair value of our notes receivable.

Discontinued Operations

The FASB’s guidance on financial reporting for the disposal of long lived assets requires that the results of operations and gains or losses on the sale of property or property held for sale be presented in discontinued operations if both of the following criteria are met: (a) the operations and cash flows of the property have been (or will be) eliminated from the ongoing operations of the Company as a result of the disposal transaction and (b) we will not have any significant continuing involvement in the operations of the property after the disposal transaction. The guidance also requires prior period results of operations for these properties to be reclassified and presented in discontinued operations in prior consolidated statements of operations.

Segment Reporting

Management views the Company as a single segment based on its method of internal reporting.

XML

Indebtedness (Details 3) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased	$ 112,757	$ 264,796
Purchase Price	110,667	265,858
2011 Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased		143,498
Purchase Price		147,723
2011 Exchangeable Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased		18,000
Purchase Price		17,936
2012 Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased		82,236
Purchase Price		82,235
2014 Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased	1,144	21,062
Purchase Price	1,143	17,964
2016 Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased	500
Purchase Price	475
2017 Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased	27,619
Purchase Price	27,506
2017 II Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased	10,969
Purchase Price	10,182
2027 Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased	7,500
Purchase Price	7,500
2028 Notes [Member]
Repurchased And Retired Senior Unsecured Notes Prior To Maturity
Principal Amount Repurchased	65,025
Purchase Price	$ 63,861

XML

Derivatives (Details) (Not Designated as Hedging Instrument [Member], USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Not Designated as Hedging Instrument [Member]
Summary of derivatives and their fair values
Notional Amount	$ 50,000
Strike	5.2175%
Trade Date	Oct. 01, 2008
Maturity Date	Oct. 01, 2013
Fair Value of Derivative Liabilities	$ (1,667)	$ (523)

XML

Income Taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Series J Preferred Stock [Member]
Preferred distributions per depositary share
Ordinary income	$ 0.3130	$ 1.4652
Ordinary Income as a percentage of distributions	23.02%	80.84%	0.00%
Long term capital gains			$ 1.3697
Long term capital gains as percentage of distributions	0.00%	0.00%	75.57%
Unrecaptured Section 1250 gain		$ 0.2423	$ 0.4428
Unrecaptured section 1250 gain as percentage of distributions	0.00%	13.37%	24.43%
Return of Capital	$ 1.0402
Return of capital as percentage of distributions	76.52%	0.00%	0.00%
Qualified Dividends	$ 0.0062	$ 0.1050
Qualified dividends as percentage of distributions	0.46%	5.79%	0.00%
Preferred distributions per depositary share	$ 1.3594	$ 1.8125	$ 1.8125
Preferred distributions, percentage	100.00%	100.00%	100.00%
Series K Preferred Stock [Member]
Preferred distributions per depositary share
Ordinary income	$ 0.3130	$ 1.4652
Ordinary Income as a percentage of distributions	23.02%	80.84%	0.00%
Long term capital gains			$ 1.3697
Long term capital gains as percentage of distributions	0.00%	0.00%	75.57%
Unrecaptured Section 1250 gain		$ 0.2423	$ 0.4428
Unrecaptured section 1250 gain as percentage of distributions	0.00%	13.37%	24.43%
Return of Capital	$ 1.0402
Return of capital as percentage of distributions	76.52%	0.00%	0.00%
Qualified Dividends	$ 0.0062	$ 0.1050
Qualified dividends as percentage of distributions	0.46%	5.79%	0.00%
Preferred distributions per depositary share	$ 1.3594	$ 1.8125	$ 1.8125
Preferred distributions, percentage	100.00%	100.00%	100.00%

XML

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2011

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Depreciation Expense on the Useful Lives

	Years
Buildings and Improvements		8 to 50
Land Improvements		3 to 20
Furniture, Fixtures and Equipment		5 to 10

Deferred Leasing Intangibles Included in Total Assets

	December 31, 2011		December 31, 2010
In-Place Leases	$	19,587	$	21,951
Above Market Leases	$	5,888	$	3,948
Tenant Relationships	$	12,562	$	13,819
Total included in Total Assets	$	38,037	$	39,718

Deferred Leasing Intangibles Included in Total Liabilities

Below Market Leases	$	16,567	$	18,519
Total included in Total Liabilities	$	16,567	$	18,519

Net amortization expense related to deferred leasing intangibles

	Estimated Amortization of In-Place Leases and Tenant Relationships		Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases
2012	$	6,519	$	763
2013	$	5,457	$	531
2014	$	4,417	$	380
2015	$	3,750	$	371
2016	$	2,394	$	884

XML

Income Taxes (Details Textual) (USD $) In Thousands, except Per Share data, unless otherwise specified	1 Months Ended			12 Months Ended
	Nov. 30, 2009	Sep. 30, 2009	Sep. 30, 2008	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Jun. 30, 2009	Dec. 31, 2008
Preferred distributions per depositary share
Ordinary Income Per Depositary Share Increase Decrease					$ 1.4529
Qualified Dividends Per Depositary Share Increase Decrease					$ 0.0222
Unrecaptured Section Gain Per Depositary Share Increase Decrease					$ 0.0706
Return Of Capital Per Depositary Share Increase Decrease					$ (1.5457)
Income Taxes (Additional Textual) [Abstract]
Percentage of assets held by old taxable REIT subsidiaries		75.00%
Percentage of assets held by limited liability company		25.00%
Percentage of company owned by taxable REIT subsidiaries for tax purpose		99.00%
Period of carry back net operating losses	Up to 5 Years
Received refund from IRS due to the tax liquidation of the taxable REIT subsidiaries		$ 40,418	$ 3,767			$ 40,418
Net deferred tax assets				(120)	863	776
Valuation Allowance				(5,078)	(9,301)	1,299
Increase decrease in net deferred tax assets and liabilities due to sales of property				(4,223)	8,002
Tax and interest								1,400
Tax and interest accrued		800					800
Reversal of income tax receivables					2,200
Recognized Tax expenses					1,400
Reversal of accrual tax benefit		800
Reversal of receivable					1,400
Reversal of prior tax expanse					$ 2,200

XML

Derivatives (Tables)

12 Months Ended

Dec. 31, 2011

Derivatives [Abstract]

Summary of derivatives and fair values

Hedge Product	Notional Amount		Strike			Trade Date		Maturity Date		Fair Value As of December 31, 2011			Fair Value As of December 31, 2010
Derivatives not designated as hedging instruments:
Series F Agreement*		50,000		5.2175	%		October 2008		October 1, 2013	$	(1,667	)	$	(523	)

* Fair value excludes quarterly settlement payment due on Series F Agreement. As of December 31, 2011 and 2010, the outstanding payable was $280 and $194, respectively.

Summary of the impact of the derivatives in cash flow hedging relationships on the statement of operations and the statement of OCI

		Year Ended
Interest Rate Products	Location on Statement	December 31, 2011			December 31, 2010
Loss Recognized in OCI (Effective Portion)	Mark-to-Market on Interest Rate Protection Agreements (OCI)	$	—		$	990
Amortization Reclassified from OCI into Earnings	Interest Expense	$	(2,166	)	$	(2,108	)

Fair Value on a recurring basis

				Fair Value Measurements at Reporting Date Using:
Description	Fair Value			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Liabilities:
Series F Agreement at December 31, 2011	$	(1,667	)		—		—	$	(1,667	)
Series F Agreement at December 31, 2010	$	(523	)		—		—	$	(523	)

Reconciliation of liabilities classified as Level 3

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Derivatives
Ending asset balance at December 31, 2009	$	93
Total unrealized losses:
Mark-to-Market on Series F Agreement		(616	)
Ending liability balance at December 31, 2010	$	(523	)
Total unrealized losses:
Mark-to-Market on Series F Agreement		(1,144	)
Ending liability balance at December 31, 2011	$	(1,667	)

XML

Stock Based Compensation

12 Months Ended

Dec. 31, 2011

Stock-based Compensation [Abstract]

Stock Based Compensation

13. Stock Based Compensation

We maintain five stock incentive plans (the “Stock Incentive Plans”) which are administered by the Compensation Committee of the Board of Directors. There are 11.5 million shares authorized for issuance under the Stock Incentive Plans. Only officers, certain employees, our Independent Directors and our affiliates generally are eligible to participate in the Stock Incentive Plans.

The Stock Incentive Plans authorize (i) the grant of stock options that qualify as incentive stock options under Section 422 of the Code, (ii) the grant of stock options that do not so qualify, (iii) restricted stock/Unit awards (including awards subject to performance conditions), and (iv) dividend equivalent rights. The exercise price of the stock options is determined by the Compensation Committee. Special provisions apply to awards granted under the Stock Incentive Plans in the event of a change in control in the Company. As of December 31, 2011, awards covering 1.9 million shares of common stock were available to be granted under the Stock Incentive Plans.

At December 31, 2011, all outstanding stock options are vested. Stock option transactions for the year ended December 31, 2011 are summarized as follows:

	Options			Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding at December 31, 2010		98,701		$	32.34	$	—
Expired or Terminated		(73,500	)	$	32.61
Outstanding at December 31, 2011		25,201		$	31.57	$	—

The following table summarizes currently outstanding and exercisable options as of December 31, 2011:

	Number Outstanding and Exercisable	Remaining Contractual  Life		Exercise Price
January 2002 Grants	15,201		0.04	$	30.53
May 2002 Grants	10,000		0.37	$	33.15

In September 1994, the Board of Directors approved and we adopted a 401(k)/Profit Sharing Plan. Under our 401(k)/Profit Sharing Plan, all eligible employees may participate by making voluntary contributions. We may make, but are not required to make, matching contributions. For the years ended December 31, 2011, 2010 and 2009, matching contributions of $197, $194 and $0, respectively were recorded.

For the years ended December 31, 2011, 2010 and 2009, we awarded 292,339, 573,198 and 1,473,600 restricted stock and unit awards to our employees having a fair value at grant date of $3,248, $3,336 and $7,406, respectively. We also awarded 0, 0 and 35,145 restricted stock awards to our directors having a fair value at grant date of $0, $0 and $149 respectively. Restricted stock awards granted to employees generally vest over a period of three to four years and restricted stock awards granted to directors generally vest over a period of five years. For the years ended December 31, 2011, 2010 and 2009, we recognized $3,759, $6,040 and $13,015 in restricted stock amortization related to restricted stock and unit awards, of which $0, $0 and $45, respectively, was capitalized in connection with development activities. At December 31, 2011, we have $5,141 in unearned compensation related to unvested restricted stock awards. The weighted average period that the unrecognized compensation is expected to be incurred is 0.79 years.

Restricted stock award and restricted stock unit award transactions for the year ended December 31, 2011 are summarized as follows:

	Awards			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2010		1,674,892		$	7.26
Issued		292,339		$	11.11
Forfeited		(51,024	)	$	11.59
Vested		(510,926	)	$	9.74
Outstanding at December 31, 2011		1,405,281		$	7.00

During the year ended December 31, 2009, we made a grant of 1,000,000 restricted stock units to our Chief Executive Officer. These restricted stock units had a fair value of approximately $6,014 on the date of issuance. Of these restricted stock units, a total of 600,000 (the “Service Awards”) vest in four equal installments on the first, second, third and fourth year anniversary of December 31, 2008, and a total of 400,000 (the “Performance Awards I”) vest in four installments of up to 100,000 on the first, up to 200,000 on the second, up to 300,000 on the third and up to 400,000 on the fourth year anniversary of December 31, 2008, to the extent certain market conditions are met. The market conditions are met when certain stock price levels are achieved and maintained for certain time periods between the award issuance date and December 31, 2013. Both the Service Awards and Performance Awards I require the Chief Executive Officer to be employed by the Company at the applicable vesting dates, subject to certain clauses in the award agreement. The Service Awards are amortized over the four year service period. The Performance Awards I are amortized over the service period of each installment. As of December 31, 2011, there have been 525,000 Service and Performance Awards I issued.

During the year ended December 31, 2009, we made a grant of 473,600 restricted stock units to certain members of management (the “Performance Awards II”). The Performance Awards II had a fair value of approximately $1,392 on the date of issuance and will vest in four installments on the first, second, third and fourth anniversary of June 30, 2009, to the extent certain service periods and market conditions are both met. The market conditions are met when certain stock price levels are achieved and maintained for certain time periods between the award issuance date and June 30, 2014. The Performance Awards II are amortized over the service period of each installment. In conjunction with the issuance of the Performance Awards II, the members of management were also granted cash awards with a fair value of $792. The cash awards vested on June 30, 2010 and compensation expense was recognized on a straight-line basis over the service period. In order to receive the Performance Awards II, the members of management are required to be employed by the Company at the applicable vesting dates, subject to certain clauses in the award agreements. As of December 31, 2011, there have been 39,100 Performance Awards II issued.

The fair value of the Performance Awards I and the Performance Awards II at issuance was determined using a Monte Carlo simulation model with the following assumptions:

	Performance Awards I			Performance Awards II
Expected dividend yield		0.0	%		0.0	%
Expected stock volatility		57.18% to 119.55	%		76.29% to 162.92	%
Risk-free interest rate		0.40% to 1.84	%		0.43% to 2.38	%
Expected life (years)		1-4			1-4
Grant Date Fair value	$	4.49		$	2.94

During the years ended December 31, 2011 and December 31, 2010, certain members of management were granted cash awards with a fair value of $1,810 and $688, respectively. The cash awards vest on June 30, 2012 and June 30, 2011, respectively, and compensation expense is recognized on a straight-line basis over the service period. In order to receive the cash awards, the members of management are required to be employed by the Company at the vesting date, subject to certain clauses of the award agreements.