Agree Realty Corp., Farmington Hills, Mich., has priced a public offering of 1.7 million shares of common stock at $23.50 per share.The real estate investment trust said the net proceeds are expected to be approximately $37.5 million. The underwriters, led by Friedman, Billings, Ramsey & Co., have been granted an option to purchase up to an additional 255,000 shares to cover any overallotments. The shopping center REIT can be found on the Internet at http://www.agreerealty.com.
Processing Content
