Seeking Alpha

Two Texas property buys for Gladstone

  • Purchased are two Creme de la Creme childcare facilities in Colleyville, TX and Allen, TX for a total price of $10.5M. Gladstone Commercial (GOOD) assumed a $6.3M loan as part of the deal.
  • Senior MD Buzz Cooper: "This acquisition highlights our strategic decision to expand our acquisitions in the south and specifically Dallas, Texas."
  • The company's real estate portfolio is now up to 89 properties across 22 states, and totaling 9.3M square feet.
  • Source: Press Release
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