XML 49 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Investment in Real Estate (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Summary of Intangible Assets (Liabilities) Subject to Amortization in Period of Acquisition | The fair value at the date of acquisition of in-place leases, tenant relationships, above market leases and below market leases recorded due to the real estate property acquired for the years ended December 31, 2012 and 2011, which is recorded as deferred leasing intangibles, is as follows:
|  | Year Ended December 31, 2012 |  |  | Year Ended December 31, 2011 |
In-Place Leases |  | $ | 1,750 |  |  | $ | 2,511 |
Tenant Relationships |  | $ | 1,012 |  |  | $ | 1,553 |
Above Market Leases |  | $ | — |  |  | $ | 2,883 |
Below Market Leases |  | $ | (102 | ) |  | $ | — |
The weighted average life in months of in-place leases, tenant relationships, above market leases and below market leases recorded at the time of acquisition as a result of the real estate property acquired for the years ended December 31, 2012 and 2011 is as follows:
|  | Year Ended December 31, 2012 |  |  | Year Ended December 31, 2011 |
In-Place Leases |  |  | 118 |  |  |  | 56 |
Tenant Relationships |  |  | 178 |  |  |  | 116 |
Above Market Leases |  |  | N/A |  |  |  | 56 |
Below Market Leases |  |  | 118 |  |  |  | N/A |
Summary Regarding Industrial Properties Included in Discontinued Operations | The following table discloses certain information regarding the industrial properties included in our discontinued operations for the years ended December 31, 2012, 2011 and 2010:
|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Total Revenues |  | $ | 8,701 |  |  | $ | 18,871 |  |  | $ | 25,318 |
Property Expenses |  |  | (3,660 | ) |  |  | (7,589 | ) |  |  | (10,601 | )
Impairment of Real Estate |  |  | (1,410 | ) |  |  | (4,973 | ) |  |  | (66,026 | )
Depreciation and Amortization |  |  | (1,612 | ) |  |  | (4,473 | ) |  |  | (10,306 | )
Interest Expense |  |  | — |  |  |  | (63 | ) |  |  | (268 | )
Gain on Sale of Real Estate |  |  | 12,665 |  |  |  | 20,419 |  |  |  | 11,092 |
Provision for Income Taxes |  |  | — |  |  |  | (1,246 | ) |  |  | — |
Income (Loss) from Discontinued Operations |  | $ | 14,684 |  |  | $ | 20,946 |  |  | $ | (50,791 | )
Net Non-Cash Impairment Charges | During the years ended December 31, 2012, 2011 and 2010, we recorded the following net non-cash impairment charges:
|  | Year Ended December 31, 2012 |  |  | Year Ended December 31, 2011 |  |  | Year Ended December 31, 2010 |
Operating Properties—Held for Sale and Sold Assets |  | $ | 1,410 |  |  | $ | 4,973 |  |  | $ | 66,026 |
Impairment—Discontinued Operations |  | $ | 1,410 |  |  | $ | 4,973 |  |  | $ | 66,026 |
Land Parcels—Sold Assets |  | $ | — |  |  | $ | (5,879 | ) |  | $ | 8,275 |
Operating Properties—Held for Use |  |  | (164 | ) |  |  | (514 | ) |  |  | 105,826 |
Land Parcels—Held for Use |  |  | — |  |  |  | (1,241 | ) |  |  | 14,425 |
Impairment—Continuing Operations |  | $ | (164 | ) |  | $ | (7,634 | ) |  | $ | 128,526 |
Total Net Impairment |  | $ | 1,246 |  |  | $ | (2,661 | ) |  | $ | 194,552 |
Fair Value Measurements on Non-Recurring Basis | The following table presents information about our real estate assets that were measured at fair value on a non-recurring basis during the year ended December 31, 2011. Real estate assets measured at fair value on a non-recurring basis during the year ended December 31, 2012 were either sold or are recorded at carrying value at December 31, 2012. The table indicates the fair value hierarchy of the valuation techniques we utilized to determine fair value.
|  |  |  |  | Fair Value Measurements on a Non-Recurring Basis Using: |
Description |  | Year Ended December 31, 2011 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Unobservable Inputs (Level 3) |  |  | Total Impairment |
Long-lived Assets Held for Sale or Sold* |  | $ | 23,252 |  |  |  | — |  |  |  | — |  |  | $ | 23,252 |  |  | $ | (4,451 | )
Long-lived Assets Held and Used* |  | $ | 50,895 |  |  |  | — |  |  |  | — |  |  | $ | 50,895 |  |  |  | (2,566 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (7,017 | )
* | Excludes industrial properties and land parcels for which an impairment reversal of $9,678 was recorded during the year ended December 31, 2011, since the related assets are recorded at carrying value, which is lower than estimated fair value at December 31, 2011.

X
- Definition Tabular disclosure of impairment charges of long lived assets. + References No definition available. + Details
Name: | fr_ScheduleOfNoncashImpairmentChargesTableTextBlock
Namespace Prefix: | fr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43, 44, 45, 47, 48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration