In 1971, Richard Agree, our Executive Chairman of the Board of Directors founded Agree Development Company, the predecessor to Agree Realty Corporation. Over its 23 year history, Agree developed over 40 community shopping centers primarily throughout the Midwestern and Southeast United States.
With an Initial Public Offering of 2.5 million shares in 1994, Agree Realty Corporation commenced operations as a publicly traded Real Estate Investment Trust (REIT). Follow-on equity offerings have subsequently been issued in 1997, 2003, 2005, 2010, 2012, 2013, 2014, 2015 and 2016. Agree Realty is listed on the New York Stock Exchange under the ticker symbol ADC.
Agree Realty Corporation (NYSE: ADC) is a fully-integrated, self-administered, and self-managed REIT focused on the development and acquisition of net lease retail properties throughout the United States. Our growing portfolio of industry leading retailers consists of 345 assets in 43 states, containing approximately 6.7 million square feet of gross leasable space.
Agree’s disciplined and focused investment strategy, its institutional access to capital, and the Company’s industry-wide relationships, consistently produce high-quality opportunities with superior risk adjusted returns.
The Agree Team’s expertise and strategic execution seeks to maximize value for all stakeholders. Our innovative development and acquisition strategies, adaptive real estate technology, and extensive capabilities are relied upon by our industry leading partners, including Walgreens, McDonalds, JP Morgan Chase, PNC and Wawa.
Building upon the foundation of excellence established throughout the past four decades, Agree Realty continues to be a market leader in the net lease space.