In 1971, Richard Agree, their 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 several community shopping centers primarily throughout the Midwestern and Southeastern 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). Agree Realty is listed on the New York Stock Exchange under the ticker symbol ADC. Today, Agree Realty is a $10B+ industry leader in the acquisition and development of properties net leased to the foremost retailers in the United States.