Gladstone Commercial (GOOD) Sells Georgia Medical Office Assets

Gladstone Commercial Corporation (GOOD) recently sold its two medical office properties in the Atlanta MSA at a cap rate of 5.97%. The properties, which were leased to Northside Hospital, encompassed 26,331 square feet of space. GOOD shares were up marginally in Friday's regular trading session on the Nasdaq. The REIT realized a leveraged internal rate of return of around 13.2% on the properties, which were acquired as part of an eight-property portfolio transaction in 2007. The move comes as part of Gladst ...