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 | ​ ​ | 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
AR Land CA, LLC | ​ | Delaware
AR Land East, LLC | ​ | Delaware
​ | ​ | ​

AR Land West, LLC | ​ | Delaware
BB Farmington NM, LLC | ​ | 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 | ​ | Delaware
Pachyderm Waite Park MN, LLC | ​ | Delaware
Paint PA, LLC | ​ | Delaware
Safari Properties II, LLC | ​ | Delaware
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