EXHIBIT 7.4

JOINT FILING AGREEMENT

Pursuant to Rule 13d-1(k) promulgated under the Securities Act of 1934, as amended, each of Inland American Real Estate Trust, Inc., Inland Investment Advisors, Inc., Inland Real Estate Investment Corporation, The Inland Group, Inc. and Daniel L. Goodwin hereby agree that the Schedule 13D to which this Exhibit 7.4 is attached and any amendments thereto relating to the acquisition or disposition of shares of common stock of Agree Realty Corporation is filed jointly on behalf of each of them.

This agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall be deemed to constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement.

Dated:	June 8, 2009	INLAND AMERICAN REAL ESTATE TRUST, INC.
			/s/ Brenda G. Gujral
		Name:	Brenda G. Gujral
		Title:	President
Dated:	June 8, 2009	INLAND INVESTMENT ADVISORS, INC.
			/s/ Roberta S. Matlin
		Name:	Roberta S. Matlin
		Title:	President
Dated:	June 8, 2009	INLAND REAL ESTATE INVESTMENT CORPORATION
			/s/ Roberta S. Matlin
		Name:	Roberta S. Matlin
		Title:	Senior Vice President
Dated:	June 8, 2009	THE INLAND GROUP, INC.
			/s/ Daniel L. Goodwin
		Name:	Daniel L. Goodwin
		Title:	President
Dated:	June 8, 2009	DANIEL L. GOODWIN
			/s/ Daniel L. Goodwin