EX-22 3 adc-20230930xex22.htm EX-22

Exhibit 22

AGREE REALTY CORPORATION

List of Guarantor Subsidiaries

The 2028, 2030 and 2033 Senior Unsecured Public Notes are fully and unconditionally guaranteed by Agree Realty Corporation and the following wholly owned subsidiaries of the Operating Partnership as of October 24, 2023:

Guarantor

Jurisdiction of Organization

Agree 117 Mission, LLC

Michigan

Agree 2016, LLC

Delaware

Agree Absecon Urban Renewal, LLC

New Jersey

Agree Central, LLC

Delaware

Agree Chapel Hill NC, LLC

Delaware

Agree Columbia SC, LLC

Delaware

Agree Construction Management, LLC

Delaware

Agree Convenience No. 1, LLC

Delaware

Agree CW, LLC

Delaware

Agree Dallas Forest Drive, LLC

Texas

Agree DT Jacksonville NC, LLC

Delaware

Agree Farmington NM, LLC

Delaware

Agree Fort Walton Beach, LLC

Florida

Agree Grandview Heights OH, LLC

Delaware

Agree Greenwich CT, LLC

Delaware

Agree Lebanon NH, LLC

Delaware

Agree Littleton CO, LLC

Delaware

Agree Madison AL, LLC

Michigan

Agree Marietta, LLC

Georgia

Agree M-59, LLC

Michigan

Agree MCW, LLC

Delaware

Agree Mena AR, LLC

Delaware

Agree NJ, LLC

Delaware

Agree Onaway MI, LLC

Delaware

Agree Orange CT, LLC

Delaware

Agree Oxford Commons AL, LLC

Delaware

Agree Paterson NJ, LLC

Delaware

Agree Roseville CA, LLC

California

Agree SB, LLC

Delaware

Agree Secaucus NJ, LLC

Delaware

Agree Shelf ES PA, LLC

Delaware

Agree Shelf PA, LLC

Delaware

Agree Southfield, LLC

Michigan

Agree Spring Grove, LLC

Illinois

Agree St Petersburg, LLC

Florida

Agree Stores, LLC

Delaware

Agree Tallahassee, LLC

Florida

Agree TK, LLC

Delaware

Agree Wawa Baltimore, LLC

Maryland

Agree Walker, LLC

Michigan

Agree Wilmington, LLC

North Carolina

DD 71, LLC

Delaware

DD Brownsville LLC

North Carolina

DD Hempstead LLC

North Carolina


Lunacorp, LLC

Delaware

Mt. Pleasant Shopping Center, L.L.C.

Michigan

Pachyderm Chattanooga TN, LLC

Delaware

Pachyderm Marietta GA, LLC

Delaware

Pachyderm Myrtle Beach SC, LLC

Delaware

Pachyderm Philadelphia PA, LLC

Delaware

Pachyderm Properties, LLC

Delaware

Pachyderm Riverdale GA, LLC

Delaware

Pachyderm Waite Park MN, LLC

Delaware

Paint PA, LLC

Delaware

Safari Properties II, LLC

Delaware