MCLEAN, Va., July 15, 2013 /PRNewswire/ -- Gladstone
Commercial Corporation (NASDAQ: GOOD) (the "Company") reported
today that it purchased a two-story, 115,200 square foot,
two-tenant office building located in Allen, TX for $15.15
million. Acquisition financing was provided by Synovus Bank
simultaneously with the acquisition.
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"This acquisition highlights our strategic decision to expand
our acquisition focus beyond single tenant properties to
multi-tenant properties with a strong anchor tenant," said Buzz
Cooper, Senior Managing Director of the Company.
Gladstone Commercial Corporation is a real estate investment
trust (REIT) that invests in and owns net leased industrial,
commercial and retail real property and selectively makes long-term
industrial and commercial mortgage loans. The Company currently
owns 85 properties. The Company has paid 102 consecutive
monthly cash distributions on its common stock. Prior to paying
distributions on a monthly basis, the Company paid five consecutive
quarterly cash distributions. The Company has paid 90
consecutive monthly cash distributions on its Series A preferred
stock, 81 consecutive monthly cash distributions on its Series B
preferred stock, 17 consecutive monthly cash distributions on its
Series C preferred stock and 39 consecutive monthly cash
distributions on its Senior Common Stock. The Company has never
skipped, reduced or deferred a monthly distribution since
inception, over nine years ago. Additional information can be found
at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds,
please visit www.gladstone.com.
SOURCE Gladstone Commercial Corporation