MERRIE FRANKEL - Corporate Board Profile

AGREE REALTY CORP

Filing Date	Source Excerpt
2018-04-03	Merrie S. Frankel has been a Director of our Company since October 2016. Ms. Frankel is currently President of Minerva Realty Consultants, LLC. She serves on the Audit and Compensation (Chair) Committees. She elected to receive her $30,000 fee for service in the form of 635 shares of common stock valued at $47.24 per share, totaling $29,997 in 2017.
2023-03-31	Merrie S. Frankel has been a Director of our Company since October 2016. Ms. Frankel is currently President of Minerva Realty Consultants, LLC ("Minerva"), an independent real estate investment trust ("REIT") and ratings advisory firm that also provides litigation support for REITs, public and private companies and funds. Prior to joining Minerva, Ms. Frankel spent 18 years at Moody’s Investors Service in the Commercial Real Estate Finance Group as Vice President and Senior Credit Officer, where she was responsible for rating REITs and real estate operating companies in the United States and Canada. Prior to her time at Moody’s, she was Senior Vice President and Director of Portfolio Management for the Argo Funds and also held numerous positions within the real estate industry at notable companies including Ernst & Young, Cushman & Wakefield, J.P. Morgan Securities and Salomon Brothers Inc. Ms. Frankel is currently an adjunct professor at Columbia University’s Graduate School of Architecture, Planning and Preservation and New York University’s Schack Institute of Real Estate where she teaches capital markets. She holds J.D. and M.B.A. degrees from Hofstra University Law and Graduate Business School and graduated with a B.A. in English from the University of Pennsylvania with various honors and is admitted to the New York Bar. Among her industry affiliations, she is a Trustee and previously chaired the New York District Council for the Urban Land Institute; on the board of the Financial Women’s Association of New York as a finance committee representative; and a member of the Advisory Committee for Women in PropTech. She recently served as a Treasurer of the New York Women Executives in Real Estate Charitable Fund; a board member and chair of the Audit/Finance committee for the Martha Graham Dance Company; and on the Nareit Editorial Advisory Board. She was cited as one of the “2020 Directors to Watch” by Board and Directors and one of 50 “Women of Influence” for “Real Estate New York” in 2008. The Board has determined that it is in the best interests of our Company and our stockholders for Ms. Frankel, in light of her experience as a senior executive in the real estate and financial services industries, as well as her significant expertise in capital markets, accounting and REITs, to continue to serve as a director of the Board. Merrie Frankel held 1,054 shares of unvested restricted stock as of December 31, 2022. In 2022, Ms. Frankel received $66,000 in fees earned or paid in cash and $66,000 in stock awards.
2024-04-12	Merrie Frankel has been a Director since October 2016. She is President of Minerva Realty Consultants, LLC. In 2023, she received $77,500 in cash fees and $110,000 in stock awards.
2025-04-04	Merrie Frankel has been a Director of our Company since October 2016. The Board has determined that it is in the best interests of our Company and our stockholders for Ms. Frankel, in light of her experience as a senior executive in the real estate and financial services industries, as well as her significant expertise in capital markets, accounting and REITs, to continue to serve as a director of the Board.