<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF FIRST INDUSTRIAL, L.P. FOR THE THREE MONTHS ENDED
MARCH 31, 1997 AND THE STATEMENT OF OPERATIONS OF FIRST INDUSTRIAL, L.P. FOR
THE THREE MONTHS ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996
<PERIOD-START>                             JAN-01-1997             JAN-01-1996
<PERIOD-END>                               MAR-31-1997             MAR-31-1996
<EXCHANGE-RATE>                                      1                       1
<CASH>                                               0                       0
<SECURITIES>                                         0                       0
<RECEIVABLES>                                    2,044                       0
<ALLOWANCES>                                     (300)                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                 1,744                       0
<PP&E>                                         524,743                       0
<DEPRECIATION>                                (10,867)                       0
<TOTAL-ASSETS>                                 809,042                       0
<CURRENT-LIABILITIES>                         (30,889)                       0
<BONDS>                                      (197,985)                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                   (580,168)                       0
<TOTAL-LIABILITY-AND-EQUITY>                 (809,042)                       0
<SALES>                                              0                       0
<TOTAL-REVENUES>                                18,899                   5,920
<CGS>                                                0                       0
<TOTAL-COSTS>                                  (6,086)                 (1,507)
<OTHER-EXPENSES>                               (4,078)                 (2,192)
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                             (2,349)                   (591)
<INCOME-PRETAX>                                 12,220                   6,126
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                             12,220                   6,126
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                   (821)
<CHANGES>                                            0                       0
<NET-INCOME>                                    12,220                   5,305
<EPS-PRIMARY>                                        0                       0
<EPS-DILUTED>                                        0                       0
        

</TABLE>