Chairman and Chief Executive Officer

David J. Gladstone

Mr. Gladstone is the founder of Gladstone Capital Corporation and has been our Chief Executive Officer since inception. From August 1997 to August 2001, Mr. Gladstone served as Chairman or Vice Chairman of American Capital Strategies, a publicly-traded leveraged buyout fund and mezzanine debt finance company. From 1974 to February 1997, Mr. Gladstone held various positions, including Chairman and Chief Executive Officer, with Allied Capital Corporation, Allied Capital Corporation II, Allied Capital Lending Corporation, Allied Capital Commercial Corporation and Allied Capital Advisors Inc. The Allied companies were the largest group of publicly-traded mezzanine debt funds and were managers of two private venture capital limited partnerships. From 1992 to 1997, Mr. Gladstone served as a Director, President and Chief Executive Officer of Business Mortgage Investors, a private mortgage REIT managed by Allied Capital. 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 has served as a Trustee of The George Washington University and currently is a Trustee Emeritus. He is a past member of the Listings and Hearings Committee of the National Association of Securities Dealers, Inc. He is a past member of the Advisory Committee to the Women's Growth Capital Fund, a venture capital firm that finances women-owned small businesses. Mr. Gladstone was the managing member of The Capital Investors, a group of angel investors, and is currently a member Emeritus. He is also the Chairman and owner of Gladstone Land Corporation a private land holding company in California. Mr. Gladstone is also a past Director of Capital Automotive REIT, a real estate investment trust. Mr. Gladstone holds a MBA degree from the Harvard Business School, a 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 published by Prentice Hall.

The board of directors welcomes communications from the Company's stockholders. All communications should be sent directly to the Investor Relations Department. Upon receipt of stockholder correspondence, the Investor Relations Manager will review such correspondence with the Chairman of the Board. On a monthly basis those letters deemed to be of a serious nature by the Chairman of the Board and the Investor Relations Manager will be forwarded to the Chairman of the Ethics Committee for review and resolution, or brought before the full Board for review and resolution. Stockholders may send communications to the Board of Directors, through the Investor Relations Department to the following address: The Board of Directors of Gladstone Commercial Corporation Attn: Investor Relations Manager 1521 Westbranch Drive, Suite 200 McLean, VA 22102