Ramco-Gershenson Properties Trust (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company’s primary business is the ownership and management of regional dominant and urban-oriented, infill shopping centers in key growth markets in the 40 largest metropolitan markets in the United States. At June 30, 2017, the Company owned interests in and managed a portfolio of 64 shopping centers, one property held for sale and two joint venture properties. At June 30, 2017, the Company’s consolidated portfolio was 93.7% leased. Ramco-Gershenson is a fully-integrated qualified REIT that is self-administered and self-managed.
View Our Leadership Team and Trustees
Throughout its history, the Gershenson organization established a strong foundation in the shopping center industry. It was responsible for the development of over 70 shopping centers primarily in the Midwestern United States. In 1975 William Gershenson’s four sons; Joel, Dennis, Richard and Bruce, and associate Mike Ward assumed leadership responsibility of Ramco-Gershenson, Inc.
On May 1, 1996, Ramco-Gershenson, Inc. and 22 of its primary shopping centers merged with RPS Realty Trust to form Ramco-Gershenson Properties Trust. Today, Ramco-Gershenson Properties Trust carries on the tradition of excellence passed down through the generations. Each of its senior management team members have over 28 years experience in the shopping center industry. RPT’s ongoing business strategy includes building shareholder value through the proactive management of assets as well as the selective development and acquisition of shopping centers.
Looking To The Future
Our tradition of excellence is what has defined us over the past 20 years. As we look to the future, it is our vision and commitment to providing the ultimate customer experience that will ensure our shopping centers remain the go-to retail destinations of choice. Our portfolio primarily consists of urban-oriented and grocery-anchored shopping centers in key growth markets in the top 40 MSAs. Our innovative approach to placemaking and our one-of-a-kind Community First programming drives traffic, engages customers and builds loyalty.