AGREE REALTY CORPORATION (NYSE:ADC) Files An 8-K Other EventsItem 8.01 Other Events.
On July 28, 2017, Agree Realty Corporation, a Maryland corporation (the "Company") filed with the Securities and Exchange Commission ("SEC") a prospectus supplement, dated July 28, 2017, to Rule 424(b) under the Securities Act of 1933, as amended, (the "ATM Prospectus"), relating to the offer and sale of common shares remaining unsold under the Company's existing at-the-market equity offering program. The ATM Prospectus was filed as a result of the Company filing with the SEC a new shelf registration statement on Form S-3 ASR (No. 333-218476) on June 2, 2017, which became immediately effective upon filing and replaced the Company's previously filed shelf registration statement on Form S-3. An opinion of Ballard Spahr LLP with respect to the validity of common shares that may be offered and sold to the ATM Prospectus and the accompanying prospectus is filed herewith as Exhibit 5.1.
| Exhibit | Description | |
| 5.1 | Opinion of Ballard Spahr LLP regarding legality of the shares. | |
| 23.1 | Consent of Ballard Spahr LLP (included in Exhibit 5.1). |
AGREE REALTY CORP ExhibitEX-5 2 t1702224_ex5.htm EXHIBIT 5 Exhibit 5 July 28,…To view the full exhibit click here
About AGREE REALTY CORPORATION (NYSE:ADC)
Agree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership), of which it is the sole general partner and in which Agree Realty holds an approximately 98.3% interest. The Company’s portfolio consists of over 280 properties located in over 40 states and totaling approximately 5.2 million square feet of gross leasable area. Its portfolio includes over 275 net lease properties and over three community shopping centers. The Company’s primary tenant is Walgreens Boot Alliance, Inc. (Walgreens), which operates a chain of drugstores in the United States. The Company’s business objective is to generate consistent shareholder returns by investing in and actively managing a diversified portfolio of retail properties net leased to industry tenants.