Gladstone Commercial Corp., a real estate investment trust based in McLean, Va., has announced the pricing of 1.0 million shares of 7.75% cumulative redeemable preferred stock at a $25 liquidation preference per share.The industrial and commercial REIT said the underwriters of the series A preferred stock have been granted an option to buy up to 150,000 additional shares to cover any overallotments. Ferris, Baker Watts Inc. was the lead underwriter of the offering. The REIT can be found on the Web at http://www.gladstonecommercial.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry