First Industrial Realty Trust, Inc. (NYSE:FR)'s Co-Founder, Johannson L. Yap recently stated, "I mean acquisitions has been -- the yield's been coming down because the markets have been more competitive. And so that's no news to anyone. So again, we are pleased with our acquisitions. The Orlando deal was a bolt on. Miami is severely land constrained. So we like the higher rate of -- growth rate of those rents there and absolutely, X 7, quality, quality, crossed up. In South Jersey close to our First Lawrence, that's a great one-off. So but, as you still see though, Dave, our -- the majority of our investments continues to be development and there we're very, very pleased with the overall 7.1% expected return. If you put in developments place in service, developments under construction, and basically, all of that, and --because that will provide a lot of the shareholder return. We're not sellers of those, but values of those
properties should be high 4s to 5s, and so you can just compete the margin on those development. So we're pleased for that. Going forward, you know we'll continue our -- we have a platform out there. We're going to continue to look for areas where we can serve unmet demand and build. And so -- but when we get to those projects we'll let you know."
First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate company. The Company owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the Company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The Company owns approximately 428 industrial properties, of which 422 are classified as in-service. The 422 in-service industrial properties contained an aggregate of approximately 64.9 million square feet of gross leasable area (GLA) in 18 states, with a diverse base of tenants engaged in a wide variety of businesses, including e-commerce, third-party logistics and transportation, consumer and other manufactured products, retail and consumer services, food and beverage, lumber and building materials, wholesale goods, health services, governmental and other.
FIRST INDUSTRIAL REALTY TRUST, INC. 
