Gladstone Commercial COO Retirement Spurs Operational Changes

By Bobby Samwell • Saturday, November 16 15:19 • Permanent Link

Gladstone Commercial Corporation (Nasdaq: GOOD) recently announced the retirement of Terry Lee Brubaker as Chief Operating Officer, effective December 2, 2024. Following his departure, Michael LiCalsi, the company’s General Counsel and Secretary, will assume additional operational responsibilities, and a national search will be conducted for a Chief Investment Officer to fill Brubaker’s investment committee responsibilities.

As of September 30, 2024, Gladstone Commercial's real estate portfolio consisted of 135 properties located in 27 states, totaling approximately 16.8 million square feet. This indicates an increase in the company's real estate portfolio from the previous period.

Chairman and Chief Executive Officer, David Gladstone, acknowledged Brubaker’s significant tenure with the company, noting his remarkable contribution to its growth and dedication to the funds and shareholders.

Gladstone Commercial Corporation is a real estate investment trust ("REIT") focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Today the company's shares have moved 0.4% to a price of $16.86. For the full picture, make sure to review Gladstone Commercial's 8-K report.

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