First Industrial Realty Trust Inc (FR): Third Avenue Sells Nearly 1 Million Shares

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Page 2 of 2 SEC Filing

Item 1.
(a) Name of Issuer:
FIRST INDUSTRIAL REALTY TRUST, INC.
(b) Address of Issuer’s Principal Executive Offices:
311 S. Wacker Drive, Suite 3900,
Chicago, Illinois 60606
Item 2.
(a) Name of Person Filing:  Third Avenue Management LLC (“TAM”).
 (TAM is sometimes referred to hereinafter as Filer)
(b) Address of Principal Business Office or, if none, Residence:
622 Third Avenue, 32nd Floor, New York, NY 10017.
(c) Citizenship: United States of America.
(d) Title of Class of Securities: REIT
(e) CUSIP Number: 32054K103
Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) [   ]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [   ]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [   ]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [   ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f) [   ]

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) [   ]

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [   ]

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [   ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [   ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned: 5,465,443
(b) Percent of class: 4.91%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 5,465,443
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 5,465,443
(iv) Shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Third Avenue Real Estate Value Fund, an investment company registered
under the Investment Company Act of 1940, has the right to receive dividends
from, and the proceeds from the sale of 5,155,031 of the shares reported by
TAM, Third Avenue Real Estate Value Fund UCITS, an umbrella open-ended
investment company authorized by the Irish Financial Services Regulatory
Authority under the European Communities (Undertakings for Collective Investment
in Transferable Securities) Regulations, has the right to receive dividends
from, and the proceeds from the sale of 310,412 of the shares reported by TAM.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable.

Item 8. Identification and Classification of Members of the Group

Not applicable.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certification


By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

March 10, 2016

Date

W. James Hall
Signature

General Counsel
Title

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