Exhibit 12.2

FIRST INDUSTRIAL, LP

Ratio of Earnings to Fixed Charges

(Dollars in Thousands)

	2011			2010			2009			2008			2007
Loss from Continuing Operations Before Equity in Income of Other Real Estate Partnerships, Equity in Income of Joint Ventures and Income Taxes from Continuing Operations		(41,824	)		(157,785	)		(53,618	)		(137,189	)		(135,039	)
Distributions from Other Real Estate Partnerships		11,891			3,494			18,516			49,759			26,249
Distributions from Joint Ventures		1,033			3,032			2,319			1,520			31,365
Gain on Sale of Real Estate		1,370			859			313			12,061			7,879
Interest expense*		95,166			102,953			114,786			113,139			120,894
Rentals Deemed Representative of an Interest Factor		652			1,016			1,394			1,357			1,034
Amortization of Deferred Financing Costs		3,785			3,342			3,006			2,840			3,171
Net Earnings (Loss)		72,073			(43,089	)		86,716			43,487			55,553
Interest expense*		95,166			102,953			114,786			113,139			120,894
Rentals Deemed Representative of an Interest Factor		652			1,016			1,394			1,357			1,034
Capitalized Interest		437			—			281			7,775			8,413
Amortization of Deferred Financing Costs		3,785			3,342			3,006			2,840			3,171
Fixed Charges		100,040			107,311			119,467			125,111			133,512
Ratio of Earnings to Fixed Charges			(b)			(b)			(b)			(b)			(b)

(a) For purposes of computing the ratios of earnings to fixed charges, earnings have been calculated by adding fixed charges (excluding capitalized interest) to income from continuing operations before income taxes allocable to continuing operations. Fixed charges consist of interest costs, whether expensed or capitalized, and amortization of deferred financing costs.

(b) Due to First Industrial L.P.’s (“the Consolidated Operating Partnership”) loss from continuing operations for the years ended December 31, 2011, 2010, 2009, 2008 and 2007, the ratio coverage is less than 1:1. The Consolidated Operating Partnership must generate additional earnings of $27,967, $150,400, $32,751, $81,624 and $77,959 for the years ended December 31, 2011, 2010, 2009, 2008 and 2007 to achieve a ratio coverage of 1:1.

  * Interest Expense includes Discontinued Operations Interest Expense of $63, $268, $653, $713 and $746 for the years ended December 31, 2011, 2010, 2009, 2008 and 2007.