Two Texas property buys for Gladstone

|About: Gladstone Commercial Cor... (GOOD)|By:, SA News Editor

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.