Gladstone Commercial Corporation (Nasdaq: GOOD) is an equity real estate investment trust (REIT) that invests in single-tenant and anchored multi-tenant net leased industrial properties nationwide. We also invest alongside developers in build-to-suit transactions where a tenant requires a new building. We buy properties with strong tenants of all sizes and our track record of underwriting the credit of middle market businesses is unmatched. We target primary and secondary growth markets that possess favorable economic growth trends, diversified industries, growing populations, and strong employment. Our senior management team, under the guidance of David Gladstone, has over 200 years of combined experience investing in real estate and middle market businesses. We have a track record of success, as exhibited by a history of strong distribution yields, consistent occupancy greater than 95.0%, and 10+ years of paying continuous monthly cash distributions. We are a part of the Gladstone Companies and have three affiliated publicly traded investment companies. Gladstone Capital Corporation (Nasdaq: GLAD) and Gladstone Investment Corporation (Nasdaq: GAIN) are business development companies (BDC) that invest in small and medium sized private businesses in the U.S., with Gladstone Capital historically a debt fund and Gladstone Investment historically a buyout fund. Gladstone Land Corporation (Nasdaq: LAND) is a REIT that invests in farmland located in major agricultural markets in the U.S. Investment Criteria • Transaction Size: $3MM–$50MM • Property Type: Single tenant & anchored multi-tenant industrial • Transaction Type: Acquisition, sale leaseback, build-to-suit, build-to-suit forward purchase, development financing, operating partnership units (UPREIT) • Lease Term: 7+ years • Lease Structure: Absolute Net, Triple Net, Net • Location: Continental U.S., primary & secondary growth markets • Closing Timeframe: 30–60 days