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Harrison Street Securities, LLC
> ADC
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2016 | AGREE REALTY CORP | ADC | 7,943 | 759 | 393,000 | 46,000 | $49.48 |
| 06/30/2016 | AGREE REALTY CORP | ADC | 7,184 | -4,510 | 347,000 | -103,000 | $48.30 |
| 03/31/2016 | AGREE REALTY CORP | ADC | 11,694 | 11,694 | 450,000 | 450,000 | $38.48 |
| 12/31/2015 | AGREE REALTY CORP | ADC | 10,667 | -10,800 | 363,000 | -278,000 | $34.03 |
| 09/30/2015 | AGREE REALTY CORP | ADC | 21,467 | -115,738 | 641,000 | -3,361,000 | $29.86 |
| 06/30/2015 | AGREE REALTY CORP | ADC | 137,205 | -14,796 | 4,002,000 | -1,009,000 | $29.17 |
| 03/31/2015 | AGREE REALTY CORP | ADC | 152,001 | 152,001 | 5,011,000 | 5,011,000 | $32.97 |
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