Mr. Gladstone is our Founder and has served as Chief Executive Officer and Chairman of the Board since our inception in 2003. He also founded and continues to serve as Chief Executive Officer and Chairman of the board of directors of our affiliates, including Gladstone Capital Corporation (“Gladstone Capital”), Gladstone Investment Corporation (“Gladstone Investment”), Gladstone Land Corporation (“Gladstone Land”), our Adviser, and our Administrator. Mr. Gladstone additionally serves on the board of managers of our affiliated broker-dealer, Gladstone Securities, LLC (“Gladstone Securities”). Prior to founding the Company, Mr. Gladstone served as either Chairman or Vice Chairman of the board of directors of American Capital, Ltd. (Nasdaq: ACAS), a publicly-traded leveraged buyout fund and mezzanine debt finance company, from 1997 to 2001. From 1974 to 1997, Mr. Gladstone held various positions, including Chairman and Chief Executive Officer, with Allied Capital Corporation (NYSE: ALD), Allied Capital Corporation II, Allied Capital Lending Corporation and Allied Capital Advisors, Inc., a registered investment adviser that managed the Allied companies. The Allied companies were the largest group of publicly-traded mezzanine debt funds in the United States and were managers of two private venture capital limited partnerships. From 1991 to 1997, Mr. Gladstone served either as Chairman of the board of directors or President of Allied Capital Commercial Corporation, a publicly-traded REIT that invested in real estate loans to small and medium-sized businesses, managed by Allied Capital Advisors, Inc. He managed the growth of Allied Capital Commercial from no assets at the time of its initial public offering to $385 million in assets at the time it merged into Allied Capital Corporation in 1997. From 1992 to 1997, Mr. Gladstone served as a Director, President and Chief Executive Officer of Business Mortgage Investors, a privately-held mortgage REIT managed by Allied Capital Advisors, which invested in real estate loans to small and medium-sized businesses. Mr. Gladstone is also a past Director of Capital Automotive REIT, a real estate investment trust that purchases and net leases real estate to automobile dealerships. Mr. Gladstone served as a Director of The Riggs National Corporation (the parent of Riggs Bank) from 1993 to May 1997 and of Riggs Bank from 1991 to 1993. He served as a Trustee of the George Washington University and currently is Trustee Emeritus. He is a past Member of the Listings and Hearings Committee of the National Association of Securities Dealers, Inc. Mr. Gladstone was the Founder and Managing Member of The Capital Investors, LLC, a group of angel investors, and is currently a Member Emeritus. Mr. Gladstone holds an MBA from the Harvard Business School, an MA from American University and a BA from the University of Virginia. Mr. Gladstone has co-authored two books on financing for small and medium-sized businesses, Venture Capital Handbook and Venture Capital Investing.

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Mr. Cutlip was appointed our President in June 2012. Prior to his appointment, Mr. Cutlip was Managing Director of the Southeast and Mid-Atlantic Regions with Sealy & Company, LLC, a vertically integrated real estate operating company. Mr. Cutlip was also a founding principal of Attentus Advisors, a real estate advisory consulting firm, in January 2009. From March 2006 to December 2008, Mr. Cutlip was a Managing Director and then Executive Vice President of North American Operations with First Industrial Realty Trust, Inc., a publicly traded industrial real estate investment trust. Previous to that, Mr. Cutlip held various management positions with Highwoods Properties, Inc. and Duke-Weeks Realty Corporation, both publicly traded real estate investment trusts. Mr. Cutlip has over 27 years of experience sourcing acquisitions, underwriting transactions, negotiating and executing development transactions, and overseeing asset management plan execution. He is currently a member of the National Association of Industrial and Office Properties (“NAIOP”), a trade association for developers, owners and investors in industrial office and related commercial real estate. At NAIOP he has held a number of positions, including, National Chairman in 2006, Chairman of NAIOP Research Foundation in 2011 and as a member of the NAIOP Commercial Real Estate Credit and Capital Advisory Board in 2011. He is also currently a member of NAIOP’s Industrial Forum. Mr. Cutlip received a Bachelors of Science in Civil Engineering from the US Air Force Academy, an MS in Civil Engineering from Vanderbilt University and an MBA in Finance from University of Southern California.

Mr. Brubaker has served as our Chief Operating Officer and a Director since our inception in 2003, as President from our inception through July 2007, when he assumed the duties of Vice Chairman, and as Secretary from 2003 to October 2012. Mr. Brubaker has also served as the Chief Operating Officer and a Director of our Adviser since its inception in 2003 and was Secretary from 2003 to October 2012. He also served as President of our Adviser from its inception until assuming the duties of Vice Chairman in February 2006. Mr. Brubaker has also served as Chief Operating Officer of our Administrator since its inception in 2005. Mr. Brubaker has served as the Chief Operating Officer and a Director of Gladstone Capital since May 2001 and was Secretary from 2003 to October 2012. He also served as President of Gladstone Capital from May 2001 through April 2004, when he assumed the duties of Vice Chairman. Mr. Brubaker has also been the Vice Chairman, Chief Operating Officer and a Director of Gladstone Investment since its inception in June 2005 and was Secretary from 2003 to October 2012. Mr. Brubaker has also been the Vice Chairman, Chief Operating Officer and a Director of Gladstone Land since its inception in January 2007. In March 1999, Mr. Brubaker founded and, until May 1, 2003, served as Chairman of Heads Up Systems, a company providing processing industries with leading edge technology. From 1996 to 1999, Mr. Brubaker served as Vice President of the paper group for the American Forest & Paper Association. From 1992 to 1995, Mr. Brubaker served as President of Interstate Resources, a pulp and paper company. From 1991 to 1992, Mr. Brubaker served as President of IRI, a radiation measurement equipment manufacturer. From 1981 to 1991, Mr. Brubaker held several management positions at James River Corporation, a forest and paper company, including Vice President of strategic planning from 1981 to 1982, Group Vice President of the Groveton Group and Premium Printing Papers from 1982 to 1990 and Vice President of human resources development in 1991. From 1976 to 1981, Mr. Brubaker was Strategic Planning Manager and Marketing Manager of white papers at Boise Cascade. Previously, Mr. Brubaker was a Senior Engagement Manager at McKinsey & Company from 1972 to 1976. Prior to 1972, Mr. Brubaker was a U.S. Navy fighter pilot. Mr. Brubaker holds an MBA from the Harvard Business School and a BSE from Princeton University.

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Mr. Gerson was appointed our Chief Financial Officer in June 2021 (and previously served as our Interim Chief Financial Officer from March 2021 until June 2021). Mr. Gerson also served as the Treasurer for the Gladstone Companies from February 2006 until January 2012. Prior to rejoining Gladstone Commercial in 2021, Mr. Gerson was most recently the Chief Financial Officer (from February 2013 to August 2020) of Spotted Hawk Development, LLC an Apollo Investment Corporation (Nasdaq:: AINV) portfolio company. Additionally, Mr. Gerson served as Assistant Vice President of Finance at the Bozzuto Group from February 2004 until February 2006 where he led residential real estate development financing matters. From June 1995 through February 2004, Mr. Gerson was Director of Finance at PG&E National Energy Group, a subsidiary of PG&E Corp (NYSE: PCG), where he worked on power plant development financings. Mr. Gerson earned an MBA from the Yale School of Management and a Bachelor of Science in Mechanical Engineering from the United States Naval Academy. He is a CPA in the Commonwealth of Virginia and CFA charterholder. During his time in the United States Navy, Mr. Gerson served as a submarine officer.

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Mr. Beckhorn was appointed our Treasurer in January 2015 and previously served as our Assistant Treasurer from July 2014 until January 2015. Mr. Beckhorn was also appointed Treasurer of Gladstone Land in January 2015 and also served as the Assistant Treasurer of each of the Company and Gladstone Land from July 2014 through January 2015. Mr. Beckhorn was also named Assistant Treasurer of each of Gladstone Capital and Gladstone Investment in January 2015. Mr. Beckhorn joined the Gladstone Companies in January 2013 as Managing Director, Finance. Prior to joining Gladstone, he was a Regional Director (from March 2010 through December 2012) with Heavenrich & Co., an M&A group that serves the senior’s housing industry. Mr. Beckhorn served as a Senior Vice President with Sunrise Senior Living from May 2000 through December 2008, where he secured debt financing to support the company’s development, acquisition, and joint venture activities. Additionally, he worked for the Riggs Bank in a variety of real estate related capacities including Managing Director and Senior Asset Manager for the Multi-Employer Property Trust, spanning from February 1990 through April 2000. Mr. Beckhorn earned an MBA from Duke University’s Fuqua School of Business and a BA from Colgate University.

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Mr. Cooper joined the Gladstone Companies at their inception in June 2001 and operates out of our corporate headquarters in McLean, VA. He currently is a Senior Managing Director of Gladstone Commercial Corporation where he is responsible for identifying, underwriting, managing, and servicing much of the firm’s commercial real estate investment projects with a portfolio of approximately $500 million. He is focused on sourcing and executing net leased real estate acquisitions and sale leaseback investments in the Southeast and Texas. Mr. Cooper has over 30 years of experience sourcing acquisitions, underwriting, negotiating and executing lending and commercial transactions and executing asset management plans. Mr. Cooper is a member of the National Association of Industrial Office Properties (NAIOP).

Prior to joining the firm, Mr. Cooper served as a Senior Vice President or Principal of Allied Capital Corporation and its affiliate funds from 1986 to 2000. At Allied Capital, Mr. Cooper was responsible for originating all forms of commercial real estate loans and servicing a portfolio of over $300 million in debt instruments and mortgages. During his career, he has negotiated and closed all types of commercial real estate transactions and debt instruments. Mr. Cooper received a BA in Sociology and Anthropology from Washington and Lee University.