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

First Industrial Realty Trust, Inc. (NYSE:FR) is the subject of a new 13G filing from Martin Whitman‘s Third Avenue Management. The filing reveals that Mr. Whitman’s firm has sold just under 1.00 million shares of the industrial real estate company this year. In the process, Third Avenue’s ownership of the stock has fallen below the 5% reporting threshold, to 4.91%. Third Avenue owned 6.42 million FR shares at the end of 2015.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Page 1 of 2 SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1 )*

First Industrial Realty Trust, Inc.

(Name of Issuer)

REIT

(Title of Class of Securities)

32054K103

(CUSIP Number)

(Holdings as of February 29,
2016)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

THIRD AVENUE MANAGEMENT LLC
(EIN 01-0690900)

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b)

3.

SEC Use Only

4.

Citizenship or Place of Organization: Third Avenue Management LLC  is a
Limited Liability Company organized under the laws of the State of Delaware.

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5.

Sole Voting Power: 5,465,443

6.

Shared Voting Power: 0

7.

Sole Dispositive Power: 5,465,443

8.

Shared Dispositive Power: 0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person: 5,465,443

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)

11.

Percent of Class Represented by Amount in Row (9): 4.91%

12.

Type of Reporting Person (See Instructions): IA