We represented Gladstone Commercial Corporation in connection with its public offering of 1,540,000 shares of 7.125% Series C cumulative term preferred stock (which includes partial exercise of the over-allotment option) for gross proceeds of $38.5 million. The underwriter was Jefferies & Company, Inc.
Gladstone Commercial Corporation (NASDAQ: GOOD) 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.