Diversified real estate investment trust Gladstone Commercial Corp. received $2.9 million in net proceeds from the sale of 154,073 shares of common stock in the second quarter.

Gladstone Commercial also sold 50,124 shares of its series D preferred stock for net proceeds of $1.2 million during the quarter.

After the quarter, the company generated net proceeds of $1.6 million from the issue of 83,430 common shares.