Gladstone Commercial Corporation is a real estate investment trust that acquires, owns, and manages primarily industrial and office properties across the United States, generating substantially all revenues from long-term net leases that typically run 7 to 20 years with built-in rent escalations. The company targets secondary growth markets with tenants ranging from small private companies to large public corporations, with tenants bearing most operating costs under the lease structure. Gladstone finances its acquisitions through a combination of equity, non-recourse mortgage debt, long-term private debt, and a revolving credit facility, with the objective of generating steady rental income to fund operations and pay regular cash distributions to its stockholders.