Gladstone Commercial Grows Industrial Property Base With Acquisition
GOODGladstone mercial (GOOD) ZACKS·2024-09-05 02:40

To expand its property base in targeted thriving markets, Gladstone Commercial Corporation (GOOD) recently announced the acquisition of a Class A industrial manufacturing, distribution and service facility spanning 50,102 square feet in Midland, TX, at a weighted GAAP capitalization rate of 9.94%. The latest buyout is in sync with GOOD's growth strategy of the acquisition of functional assets in strong industrial markets, which are leased to tenants with solid credit profiles. Gladstone Commercial purchased ...