|Agree Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company's operations are conducted through, directly or indirectly, Agree Limited Partnership (Operating Partnership), of which the Company is the sole general partner, and in which it 96.59% interest as of December 31, 2011. The Company is focused primarily on the ownership, development, acquisition and management of retail properties net leased to national tenants. It specializes in acquiring and developing single tenant net leased retail properties for industry retail. In September 2013, Agree Realty Corporation acquired an 112,230 square foot BJ's Wholesale Club located on Airport Road South in Allentown, Pennsylvania. In January 2014, the Company acquired Cannon Station in Fort Oglethorpe, Georgia. In February 2014, the Company announced the acquisition of two net lease properties and sale of Ironwood Commons shopping center .