This excerpt taken from the GOOD 8-K filed Sep 16, 2008.
Item 8.01 Other Events
On September 15, 2008, Gladstone Commercial Corporation (NASDAQ: GOOD) financed a non-recourse mortgage loan with GE Commercial Mortgage Financial Corporation for $48,015,000 (“GE Loan”), which is collateralized by a total of 15 properties. The term of the GE loan is 24 months, with 3 annual extension options through September 2013. Interest is paid monthly at the rate of 6.85%. The proceeds will be used to repay outstanding indebtedness under the Company's line of credit.
A copy of the press release announcing the transaction is filed as Exhibit 99.1 to this report and is incorporated by reference herein.
This excerpt taken from the GOOD 8-K filed Feb 25, 2008.
Item 8.01 Other Events.
On February 19, 2008, David Dullum, a current member of the Board of Directors of Gladstone Commercial Corporation (the "Company"), accepted the position of Managing Director with the Company’s external investment adviser, Gladstone Management Corporation (the "Adviser"). As a result of Mr. Dullum’s employment by the Adviser, he will no longer be an "independent director" within the meaning of the applicable NASDAQ listing standards, and other applicable rules and regulations of the U.S. Securities and Exchange Commission.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.