First Industrial Realty Trust Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap BlendCompany profile

First Industrial Realty Trust, Inc. is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. As of December 31, 2016, the Company's in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states. The Company's in-service portfolio includes all properties that have reached stabilized occupancy, developed and redeveloped properties and acquired properties that are occupied at acquisition or one year from the acquisition date. The Company's operations are conducted primarily through the First Industrial, L.P. (the Operating Partnership), of which the Company is the sole general partner.

Closing Price
$34.91
Day's Change
0.37 (1.07%)
Bid
--
Ask
--
B/A Size
--
Day's High
35.10
Day's Low
34.48
Volume
(Average)
Volume:
531,581

10-day average volume:
555,259
531,581

Microshare(R) Inc. Closes $5M Investment Including Motley Fool Participation

6:59 am ET February 12, 2019 (Globe Newswire) Print

Following its recent acceptance into Microsoft's coveted Co-Sell program (NASDAQ:MSFT), Microshare Inc. announced the closing of $5 million in investments, with the largest share by the global investment advisor Motley Fool.

Philadelphia-based Microshare, whose unique data management and sharing software enables secure revenue and efficiency models in facilities management, logistics and other sectors, says the new funding will be devoted to scaling successful pilots in Europe and North America, expansion to other global markets, and for platform and product development.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3bf3163d-19ad-4720-a5d5-65ba246c9b4c

"Data is money, and if something is worth money, the first question is 'who owns it,' and the second is 'can I share it for value?'" said Ron Rock, CEO of Microshare. "We started Microshare to leverage our decades of experience in data, so we could help companies begin to manage and monetize it from both their traditional operations and the new explosion of IoT data. We view both the Motley Fool investment and Microsoft's engagement with us as key votes of confidence in our scalable approach."

Motley Fool's investment represents the data firm's first foray into institutional equity, a sign of the upward trajectory anticipated for Microshare's revenue and valuation in the current climate. Industry analysts note that data management firm valuations have jumped of late. Cloud security specialist Rubrik raised $261 million at a $3.3 billion valuation in January, a step-up of well over 2x since 2017. Late last year, Veeam, a Swiss data management firm, raised $500 million from Insight Venture Partners and the Canada Pension Plan Investment Board. Microshare has raised $5 million over the past two years from strategic partners in the US and Europe, including Kerlink (EPA:ALKLK), the leading manufacturer of LoRaWAN(TM) IoT connectivity.

"The growth rate of IoT networks and devices is staggering. We believe Microshare is in a leadership position to create solutions and standards that enable data governance, permissioning, and protection on a real-time basis across different IoT products and platforms," shared John Keeling, Venture Partner at Motley Fool Ventures.

About Microshare, Inc.

Microshare(TM) enables data owners to extract amplified value from digital assets by empowering them to combine data stores for actionable insight, establish and enforce sharing rights to distribute information, and monetize data for new revenue streams and business models -- all with complete audit, compliance and control. Microshare is part of the LoRa Alliance(TM), promoting the LoRaWAN(TM) protocol as the leading open global standard for secure, carrier-grade IoT Low-Power Wide Area Network (LPWAN) connectivity. Microshare has offices in Philadelphia, PA, USA, and in the United Kingdom. More information at https://www.microshare.io.

About Motley Fool

Based in Alexandria, Va., Motley Fool Ventures brings The Motley Fool's investing principles and member community to venture capital. Launched in 2018, Motley Fool Ventures invests in early-stage companies that leverage technology to create a clear competitive advantage in their industry. Its dedicated team, investor community, and robust network aim to provide value to entrepreneurs beyond just capital. To learn more about Motley Fool Ventures, please visit: http://foolventures.com.

Media contact | Michael Moran | mmoran@microshare.io | +1 201-264-5751

https://resource.globenewswire.com/media/2a756d09-fae2-4d82-8641-b5c7c5838ef6/small/microshare-jpg.jpg

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