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Nice Profile of Agree Realty

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The Detroit Free Press has a short, but nice, profile of Agree Realty Trust up.

Agree Realty Corp., a 10-person development firm based in Farmington Hills, has built a strong and growing portfolio of small retail centers housing Walgreen's, Meijer, Borders and other retailers who offer consumers the basics of everyday shopping.

That sort of development doesn't generate a lot of headlines in the style of, say, Donald Trump's projects. But the firm's relatively anonymity is just fine with the father-son team that runs the firm, Richard and Joey Agree.

"Our core business is developing brick-and-mortar locations for retailers. It's a bread-and-butter business," Joey Agree, 29, the firm's executive vice president, said recently. "We're able to minimize our risk while having the rewards underlying real estate."

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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