Private offering to raise up to $50 million for Gladstone REIT

11/24/2009 | Yahoo!

A McLean, Va., real estate investment trust, Gladstone Commercial Corp., said it anticipates proceeds of up to $50 million from the private offering of a new class of shares. The REIT said the newly created senior common shares will have priority over the existing common stock. Broker-dealers with no obligation to invest in the securities will market the senior shares in a private sale, the company said.

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