Agree Realty Announces Exercise of Underwriters' Overallotment Option

Agree Realty Corporation

(the "Company") today announced the closing of its public offering of 1,725,000 shares of its common stock, including 225,000 shares issued and sold pursuant to the full exercise of the underwriters' over-allotment option, on January 18, 2013.  The shares were issued at a public offering price of $27.25 per share, for a total of $47,006,250 of gross proceeds.