Capital Partners

First Industrial has built an extensive history of successful, repeat joint venture and co-investment relationships with large-scale institutional partners. First Industrial currently has a capital partnership platform of seven funds across a tiered spectrum of targeted investment strategies.
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Joint Venture Formation Dates

December 2007 FirstCal Canada
June 2007 UBS Core Asset Unleveraged Fund
July 2006 FirstCal 3
March 2006 UBS Net Lease Leveraged Fund
September 2005 FirstCal 2
March 2005 FirstCal 1
May 2003 Kuwait Finance House (KFH) II
December 2001 Kuwait Finance House (KFH) I
 

Our Capital Partners

California State Teachers Retirement System Logo California State Teachers Retirement System (CalSTRS) is the largest U.S. teachers' retirement fund and the second largest public pension fund in the U.S. With a membership of 795,000 teachers, the fund has a primary responsibility to provide retirement related benefits and services to teachers in California's public schools and community colleges. As of January 31, 2009, CalSTRS managed $119 billion in assets.


Joint Ventures with CalSTRS

FirstCal 1- $1.6 billion capacity
Value-add development and redevelopment industrial strategy with a short- to medium-term investment horizon.

FirstCal 2 - $1 billion portfolio
Acquisition of national industrial portfolio with a value-add stabilization strategy. Assets are sold independently or in small portfolios upon stabilization.

FirstCal 3 - $1.6 billion capacity
Opportunistic acquisition of both entitled and unentitled land in growing markets for development of new industrial parks. Focus is on mid- to long-term investment opportunities with development periods up to 10 years.

FirstCal Canada - $285 million capacity
Value-add and opportunistic platform to redevelop and reposition properties as well as acquiring entitled and unentitled land for industrial development in Toronto, Calgary and Edmonton markets.

UBS Logo UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. UBS Wealth Management's business, global in scale, is focused on growth.


Co-Investment Vehicles with UBS

UBS Net Lease Core Fund - $900 million capacity
Core platform for long-term investment in single-tenant, net lease assets, throughout the United States.

UBS Net Lease Core Fund - $505 million capacity
Core platform that targets single-tenant and multi-tenant opportunities in core industrial markets.