Activist real estate investor Jonathan Litt is urging a national warehouse owner to explore strategic options — including a potential buyout — to eliminate what his firm characterizes as a 30% gap between its share price and the estimated value of its underlying portfolio.
Activist investor Litt urges warehouse REIT to sell properties
Land & Buildings estimates First Industrial Realty Trust trades at 30% discount to value of portfolio
By Ryan Ori
CoStar NewsDecember 4, 2025 | 8:03 P.M.
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IN THIS ARTICLE
- Properties
- First Logistics Center @ I-83
20 Leo Ln, York, PA
- Companies
- First Industrial Realty Trust, Inc.
Real Estate
- Contacts
- Peter Baccile
President and Chief Executive Officer, First Industrial Realty Trust, Inc.