EX-22 2 adc-20250331xex22.htm EX-22

Exhibit 22

AGREE REALTY CORPORATION

List of Guarantor Subsidiaries

The 2028, 2030, 2032, 2033 and 2034 Senior Unsecured Public Notes are fully and unconditionally guaranteed by Agree Realty Corporation and certain of the following wholly owned subsidiaries of the Operating Partnership as of April 22, 2025:

Guarantor

Jurisdiction of Organization

Agree 117 Mission, LLC

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Michigan

Agree 2016, LLC

Delaware

Agree Absecon Urban Renewal, LLC

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New Jersey

Agree Central, LLC

Delaware

Agree Chapel Hill NC, LLC

Delaware

Agree Columbia SC, LLC

Delaware

Agree Construction Management, LLC

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Delaware

Agree Convenience No. 1, LLC

Delaware

Agree CW, LLC

Delaware

Agree Dallas Forest Drive, LLC

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Texas

Agree DT Jacksonville NC, LLC

Delaware

Agree Farmington NM, LLC

Delaware

Agree Fort Walton Beach, LLC

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Florida

Agree Grandview Heights OH, LLC

Delaware

Agree Greenwich CT, LLC

Delaware

Agree Lebanon NH, LLC

Delaware

Agree Littleton CO, LLC

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Delaware

Agree Madison AL, LLC

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Michigan

Agree Marietta, LLC

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Georgia

Agree M-59, LLC

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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

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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

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Illinois

Agree St Petersburg, LLC

Florida

Agree Stores, LLC

Delaware

Agree Tallahassee, LLC

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Florida

Agree TK, LLC

Delaware

Agree Wawa Baltimore, LLC

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Maryland

Agree Walker, LLC

​

Michigan

Agree Wilmington, LLC

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North Carolina

AR Land CA, LLC

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Delaware

AR Land East, LLC

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Delaware

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AR Land West, LLC

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Delaware

BB Farmington NM, LLC

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Delaware

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

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Delaware

Pachyderm Waite Park MN, LLC

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Delaware

Paint PA, LLC

​

Delaware

Safari Properties II, LLC

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Delaware

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