Joey Agree, president and CEO of Agree Realty Corp. (NYSE: ADC), participated in a CEO video interview in conjunction with Nareit’s REITworld: 2021 Annual Conference.
Agree discussed the REIT’s RETHINK RETAIL initiative, launched earlier this year, that seeks to challenge misperceptions about the future of brick and mortar retail and position the company as a thought leader in the evolution of omnichannel retail.
“We truly think that retail net lease is the future for a vast majority of sectors in an omnichannel, post-COVID world,” Agree said. He pointed to the flexibility available to retailers from having four sides of a building, and complete vehicular circulation, enabling easy order pick-up, returns, and traditional shopping.
“We see the future of net lease retail as extremely bright really in the context of the accelerated omnichannel initiatives,” Agree said.