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REITs
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Gladstone Comml (GOOD) acquires $8.3M industrial property in Delaware, OhioGladstone Commercial (GOOD -0.6%) announced it has completed the acquisition of a 157,810 square foot industrial building in Delaware, Ohio for $8.3M. The initial capitalization rate for the acquisition is 7.68%, and the average capitalization rate is 9.18% ----------------------------------- That's a very good Cap rate. REIT yielding 8.54% must be using a lot of leverage to pay that yield. EKS |
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