Janney Montgomery Scott served as a lead manager on this offering.

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Cliff Booth Head of Investment Banking 215-665-6043 cbooth@janney.com June 23, 2016 - Hercules Capital Inc.

The underwriters were granted a 30-day option to purchase up to an additional $9.0 million of Notes to cover overallotments, which was fully exercised for total gross proceeds of $69.0 million. The Notes are listed on the NASDAQ under the trading symbol "HTGX.

Janney Montgomery Scott served as a lead manager on this offering. May 24, 2016 - Hersha Hospitality Trust (NYSE: HT) ("Hersha" or the "Company") priced its public offering of 7,000,000 shares of 6.

1 Cliff Booth Head of Investment Banking June 23, Hercules Capital Inc. (NYSE: HTGC) ("Hercules" or the "Company") announced the pricing of its public offering of $60.0 million of 6.25% Senior Notes due 2024 (the "Notes"). The underwriters were granted a 30-day option to purchase up to an additional $9.0 million of Notes to cover overallotments, which was fully exercised for total gross proceeds of $69.0 million. The Notes are listed on the NASDAQ under the trading symbol "HTGX." The Company expects to use the net proceeds to fund investments in debt and equity securities and for other general corporate purposes. Janney Montgomery Scott served as a lead manager on this offering. May 24, Hersha Hospitality Trust (NYSE: HT) ("Hersha" or the "Company") priced its public offering of 7,000,000 shares of 6.50% Series D Cumulative Redeemable Perpetual Preferred Stock at $25.00 per share. The underwriters were granted a 30-day option to purchase up to an additional 1,050,000 shares to cover overallotments, which was partially exercised for total gross proceeds of $192.5 million. The Company intends to use the net proceeds from this offering to redeem all of outstanding Series B Preferred Shares and any remaining net proceeds of this offering for general corporate purposes, including future acquisitions. Janney Montgomery Scott served as a co-manager on this transaction. May 20, Gladstone Commercial Corporation (NASDAQ: GOOD) ("Gladstone" or the "Company") priced its registered direct placement of 1,043,725 shares of 7.00% Series D Cumulative Redeemable Preferred Established in 1832, Janney Montgomery Scott LLC is a leading full-service investment banking and financial services firm serving individual, corporate, institutional and government clients. Janney is an independently operated subsidiary of The Penn Mutual Life Insurance Company, one of the 15 largest mutual insurance companies in the nation, and is a member of the New York Stock Exchange, Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. Janney Montgomery Scott LLC 1717 Arch Street Philadelphia, PA

2 Stock at $25.00 per share for total gross proceeds of $26.1 million. The Company intends to use the net proceeds from this offering to redeem all of the 1,540,000 outstanding shares of Series C Preferred Stock, with any remaining proceeds to be used to redeem up to 1,000,000 outstanding shares of Series A Preferred Stock and to redeem up to 1,264,000 outstanding shares of Series B Preferred Stock, and to pay down the Company's line of credit and for other general corporate purposes. Janney Montgomery Scott served as a placement agent on this transaction. May 17, American Homes 4 Rent (NYSE: AMH) ("American Homes" or the "Company") priced its public offering of 9,000,000 shares of 6.50% Series D Cumulative Redeemable Perpetual Preferred Stock at $25.00 per share. The underwriters were granted a 30-day option to purchase up to an additional 1,350,000 shares to cover $258.8 million. The Company intends to use the net proceeds from this offering to repay indebtedness it has incurred or expects to incur under its credit facility, to acquire single-family properties and for general corporate purposes, including repurchases of the Company's securities. Janney Montgomery Scott served as a co-manager on this transaction. May 4, Agree Realty Corporation (NYSE: ADC) ("Agree Realty" or the "Company") announced the pricing of its public offering of 2,500,000 shares of common stock at an offering price of $39.75 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 375,000 shares to cover any overallotments, which was fully exercised for total gross proceeds of $114.3 million. The Company intends to use the net proceeds from this offering to reduce amounts outstanding under the Company's existing $150.0 million unsecured revolving credit facility, to fund property acquisitions and development activity, for working capital and for general corporate purposes. Janney Montgomery Scott served as a senior co-manager on this offering. April 20, Hercules Capital Inc. (NYSE: HTGC) ("Hercules" or the "Company") announced the pricing of its public offering of $65.4 million of 6.25% Senior Notes due 2024 (the "Notes"). The Company also granted the underwriters a 30-day option to purchase up to an additional $9.8 million of Notes to cover any overallotments, which was partially exercised for total gross proceeds of $72.9 million. The Notes are listed on the NASDAQ under the trading symbol "HTGX." The Company expects to use the net proceeds from this offering to fund investments in debt and equity securities and for other general corporate purposes. Janney Montgomery Scott served as a co-manager on this offering. April 20, Pontus Capital ("Pontus" or the "Company") completed the acquisition of a portfolio of 61 bank branches leased to a diverse group of primarily investment grade tenants for approximately $140.0 million. The properties are located across eight states including Florida, California, North Carolina, Georgia, South Carolina, New Jersey, Virginia and Arkansas. Janney Montgomery Scott served as an advisor on this transaction. April 20, Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("Bluerock" or the "Company") priced its public offering of 2,000,000 shares of 8.25% Series A Cumulative Redeemable Preferred Stock at $25.00 per share. The underwriters were granted a 30-day option to purchase up to an additional 300,000 shares to cover $57.5 million. The Company will use the net proceeds from this offering for future multifamily acquisitions and investments as well as other general corporate and working-capital purposes, which may include

3 capital improvements at its properties. Janney Montgomery Scott served as a co-lead manager on this transaction. April 15, Newtek Business Services Corp. (NASDAQ: NEWT) ("Newtek" or the "Company") announced the pricing of its public offering of $35.0 million of 7.00% Senior Notes due 2021 (the "Notes"). The Company also granted the underwriters a 30-day option to purchase up to an additional $5.3 million of Notes to cover any overallotments, which was fully exercised for total gross proceeds of $40.3 million. The Company intends to apply to list the Notes on the NASDAQ under the trading symbol "NEWTL." The Company expects to use the net proceeds from this offering to increase its SBA 7(a) lending activity and make direct investments in portfolio companies. It will also pay operating expenses and may pay other expenses and use the proceeds for general working capital. Janney Montgomery Scott served as a co-manager on this offering. April 12, Medallion Financial Corp. (NASDAQ: MFIN) ("Medallion" or the "Company") announced the pricing of its public offering of $30.0 million of 9.00% Senior Notes due 2021 (the "Notes"). The Company also granted the underwriters a 30-day option to purchase up to an additional $4.5 million of Notes to cover any overallotments, which was partially exercised for total gross proceeds of $33.6 million. The Company intends to apply to list the Notes on the NASDAQ under the trading symbol "TAXIL." The Company expects to use the net proceeds from this offering to make loans and other investments in portfolio companies and for general corporate purposes, including repaying borrowings under its revolving credit facilities and expanding its operations. Janney Montgomery Scott served as a lead manager on this offering. April 6, Community Healthcare Trust (NYSE: CHCT) ("Community Healthcare" or the "Company") announced the pricing of its public offering of 4,500,000 shares of common stock at an offering price of $17.75 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares to cover any $91.9 million. The Company intends to use the net proceeds from this offering to repay, in full, all outstanding debt under Company credit facility and to acquire properties under contract. The balance, if any, will be used for general corporate and working capital purposes and possible future acquisitions and development activities. Janney Montgomery Scott served as a co-lead manager on this offering. April 5, City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") settled its public offering of 7,000,000 shares of common stock at an offering price of $11.40 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares to cover any overallotments, which was fully exercised for total proceeds of $91.8 million. The Company intends to use the net proceeds of the offering to repay amounts outstanding under term loan, revolving credit facility and the remainder for general working capital purposes. Janney Montgomery Scott served as a co-lead manager on this offering. -- Hercules Capital, Inc. is the leading and largest specialty finance Company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broadly diversified variety of technology, life sciences and sustainable and renewable technology industries. Since inception (December 2003),

4 Hercules has committed $5.9 billion to 349 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets. The Company's 55 hotels totaling 8,763 rooms are located in New York, Boston, Philadelphia, Washington, DC, Miami and select markets on the West Coast. Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. Gladstone Commercial's real estate portfolio consists of 98 properties located in 24 states, totaling approximately 11.0 million square feet. American Homes 4 Rent is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. The Company is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties. As of March 31, 2016, the Company owned 47,955 single-family properties in selected submarkets in 22 states. Agree Realty Corporation is primarily engaged in the acquisition and development of properties net leased to industry leading retail tenants. The Company currently owns and operates a portfolio of 301 properties, located in 42 states and containing approximately 5.5 million square feet of gross leasable space. Pontus Capital opportunistically invests in and manages real estate secured investments on behalf of its private and institutional investors including in its growing net lease property strategy. As principals, the Pontus management team has acquired over $4 billion of net leased assets nationwide. Bluerock Residential Growth REIT, Inc. is a real estate investment trust that focuses on acquiring a diversified portfolio of Class A institutionalquality apartment properties in demographically attractive growth markets to appeal to the renter by choice. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through improvements to operations and properties. The Company generally invests with strategic regional partners, including some of the best-regarded private owner-operators in the United States, enabling the Company to operate as a local sharpshooter in each of its markets while enhancing its off-market sourcing capabilities. Newtek Business Services Corp. is an internally managed BDC, which along with its controlled portfolio companies, provides a wide range of business services and financial products under the Newtek brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 SMB accounts across all 50 States to help them grow their sales, control their expenses and reduce their risk. Medallion Financial Corp. is a specialty finance Company that originates and services loans in various commercial industries, and its wholly-owned portfolio Company, Medallion Bank, also originates and services consumer loans. The Company and its subsidiaries have lent approximately $7 billion to small businesses. Community Healthcare Trust is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in non-urban markets throughout the United States. The Company has investments

5 of approximately $178.6 million in 46 real estate properties as of March 31, 2016, located in 18 states and total approximately 1,021,000 square feet. City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located in leading markets in the Southern and Western United States. City Office currently owns or has an interest in 3.5 million square feet of office properties. Source: Company Press Releases

4,250,000 Shares of Common Stock

4,250,000 Shares of Common Stock Page 1 of 129 424B5 1 a2232652z424b5.htm 424B5 Use these links to rapidly review the document TABLE OF CONTENTS Table of Contents Filed pursuant to Rule 424(b)(5) Registration Statement No. 333-213614