GLADSTONE COMMERCIAL CORP

Gladstone Commercial Corporation, incorporated on February 14, 2003, focuses on acquiring, owning, and managing primarily industrial and office properties. The company has elected to be taxed as a REIT for federal income tax purposes. Its common stock, 6.625% Series E Cumulative Redeemable Preferred Stock, and 6.00% Series G Cumulative Redeemable Preferred Stock trade on the Nasdaq Global Select Market under the symbols "GOOD," "GOODN," and "GOODO," respectively. The company's senior common stock and 6.00% Series F Cumulative Redeemable Preferred Stock are not listed on any exchange. Its properties are geographically diversified, and tenants represent a broad range of business sectors and sizes, including private and public companies, many without publicly-rated debt. Gladstone Commercial Corporation historically enters into purchase agreements for real estate with net leases, typically having terms of approximately seven to 20 years and built-in rental rate increases. Under these net leases, the tenant is responsible for most or all operating, maintenance, repair, insurance costs, and real estate taxes. The company actively seeks properties for acquisition or mortgage financing through communication with private equity funds, real estate brokers, and other third parties. It targets secondary growth markets characterized by favorable economic growth trends, diversified industries, and increasing population and employment.