CHICAGO, Nov. 7, 2017 /PRNewswire/ -- First Industrial
Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner,
operator and developer of industrial real estate, announced today
that Denise Olsen has joined its
board of directors and will serve as a member of its audit
committee. Ms. Olsen is senior managing director and a member of
the investment committee of GEM Realty Capital, an integrated real
estate investment firm that invests in private market assets and
publicly traded securities.
Ms. Olsen oversees business development for GEM Realty
Capital. In addition, she is responsible for investor
relations, reporting and communications for the
firm. Previously, she was vice president at EVEREN Securities
serving in their Real Estate Corporate Finance group. Prior to
that, Ms. Olsen served in various capacities at JMB Realty
Corporation, including senior portfolio manager of corporate
mixed-use developments and as a member of the acquisitions
group.
"Denise brings significant investment and operational experience
from both the private and publicly traded real estate realms that
will benefit our organization and our shareholders," said
Bruce W. Duncan, chairman of the
board of directors of First Industrial. "We look forward to her
counsel and contributions to the continuing growth and progress of
our Company."
Ms. Olsen is an executive committee member of The Samuel Zell
and Robert Lurie Real Estate Center at the Wharton School at the
University of Pennsylvania. She also
serves on the investment committee of The Harry and Jeanette
Weinberg Foundation. She received her Bachelor of Science in
Economics from the Wharton School at the University of
Pennsylvania.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading
fully integrated owner, operator, and developer of industrial real
estate with a track record of providing industry leading customer
service to multinational corporations and regional customers.
Across major markets in the United
States, our local market experts manage, lease, buy,
(re)develop, and sell bulk and regional distribution centers, light
industrial, and other industrial facility types. In total, we own
and have under development approximately 65.5 million square feet
of industrial space as of September 30,
2017. For more information, please visit us at
www.firstindustrial.com.
Forward-Looking Information
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934. We intend for
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are based on certain assumptions and describe our future
plans, strategies and expectations, and are generally identifiable
by use of the words "believe," "expect," "plan," "intend,"
"anticipate," "estimate," "project," "seek," "target," "potential,"
"focus," "may," "will," "should" or similar words. Although we
believe the expectations reflected in forward-looking statements
are based upon reasonable assumptions, we can give no assurance
that our expectations will be attained or that results will not
materially differ. Factors which could have a materially adverse
effect on our operations and future prospects include, but are not
limited to: changes in national, international, regional and local
economic conditions generally and real estate markets specifically;
changes in legislation/regulation (including changes to laws
governing the taxation of real estate investment trusts) and
actions of regulatory authorities; our ability to qualify and
maintain our status as a real estate investment trust; the
availability and attractiveness of financing (including both public
and private capital) and changes in interest rates; the
availability and attractiveness of terms of additional debt
repurchases; changes in our credit agency ratings; our ability to
comply with applicable financial covenants; our competitive
environment; changes in supply, demand and valuation of industrial
properties and land in our current and potential market areas;
difficulties in identifying and consummating acquisitions and
dispositions; our ability to manage the integration of properties
we acquire; potential liability relating to environmental matters;
defaults on or non-renewal of leases by our tenants; decreased
rental rates or increased vacancy rates; higher-than-expected real
estate construction costs and delays in development or lease-up
schedules; changes in general accounting principles, policies and
guidelines applicable to real estate investment trusts; and other
risks and uncertainties described under the heading "Risk Factors"
and elsewhere in our annual report on Form 10-K for the year ended
December 31, 2016, as well as those
risks and uncertainties discussed from time to time in our other
Exchange Act reports and in our other public filings with the SEC.
We caution you not to place undue reliance on forward-looking
statements, which reflect our outlook only and speak only as of the
date of this press release or the dates indicated in the
statements. We assume no obligation to update or supplement
forward-looking statements. For further information on these and
other factors that could impact us and the statements contained
herein, reference should be made to our filings with the SEC.
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SOURCE First Industrial Realty Trust, Inc.