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Gladstone Commercial Corporation Announces Expansion Of Its Credit Facility

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Gladstone Commercial Corporation (Nasdaq: GOOD) (the "Company") reported today that it expanded its credit facility from $60.0 million to $75.0 million. The Company also increased the total maximum commitment by $25.0 million to $100.0 million.

"This expansion gives us the ability to continue to increase our portfolio prudently and position us well for growth in 2015," said Bob Cutlip, President of the Company.

Gladstone Commercial Corporation's real estate portfolio now consists of 94 properties located in 23 states, totaling approximately 10.0 million square feet.

Gladstone Commercial Corporation is a real estate investment trust (REIT) that invests in and owns net leased industrial, commercial and retail real property. Additional information can be found at www.gladstonecommerical.com.

Posted-In: News Financing Press Releases

 

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