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Agree Realty closes common stock offering

Single-tenant net-lease real estate investment trust Agree Realty Corp. closed its public offering of 3.5 million shares of common stock at $55.20 apiece.

The offering included a 30-day overallotment option for the underwriters to acquire up to 525,000 additional shares.

Citigroup and Jefferies are acting as joint book-running managers for the offering.