BLOOMFIELD HILLS, Mich.,
Nov. 12, 2015 /PRNewswire/ -- Agree Realty
Corporation (NYSE: ADC) (the "Company") announced today that
the Company has promoted Laith
Hermiz to Chief Operating Officer. Mr. Hermiz has been
an integral member of the Company's Leadership Team since 2010 and
his responsibilities have included the implementation and direction
of development and redevelopment activities, dispositions, and
long-term asset management strategies.
The Company has also announced Daniel
Ravid has joined the Company as Chief Administrative Officer
and Treasurer. Mr. Ravid has 26 years of experience in
business management, strategy, accounting, finance, and compliance
and has held various executive management roles in high-growth
middle market companies, as well as positions at FTI Consulting and
Pricewaterhouse Coopers. He has been working with the Company on a
consulting basis over the course of the last two years. He
will oversee the Company's accounting, treasury, and human
resources activities. Mr. Ravid has an MBA from the
University of Michigan and is a
Certified Public Accountant.
"I am extremely pleased to be able to make both of these
announcements today. Laith and Dan are first-class executives
with tremendous leadership and managerial experience. Laith
has been a key part of our Company's success since he joined in
2010 and his efforts, sacrifice, and ownership-mentality personify
the culture of our organization," said Joey Agree, President and
Chief Executive Officer of Agree Realty Corporation. "Dan has
been supporting our team in the construction of our internal
platforms for over two years and we are excited to have him join
our organization in this new position as we look to continue to
build upon our recent success."
About Agree Realty Corporation
Agree Realty
Corporation is primarily engaged in the acquisition and development
of properties net leased to industry leading retail tenants.
As of September 30, 2015, the Company
owned and operated a portfolio of 264 properties, located in 41
states and containing approximately 4.8 million square feet of
gross leasable space. The common stock of Agree Realty
Corporation is listed on the New York Stock Exchange under the
symbol "ADC".
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SOURCE Agree Realty Corporation