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Gladstone Commercial profitably exits Phoenix healthcare deal

  • The company chose not to exercise its option to purchase the facility following development of the 81K square-foot transitional care facility.
  • With the exit fee, Gladstone (NASDAQ:GOOD) earned an IRR of 22% on its $5.9M investment.
  • This was the first in Gladstone's new program to partner with developers on build-to-suit projects.
  • Source: Press Release

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