Ramco-Gershenson Properties Trust
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| Public company | |
| Traded as | : RPT S&P 600 component |
| Industry | Real estate investment trust |
| Founded | 1955 |
| Founder | Aaron & William Gershenson |
| Headquarters | Farmington Hills, Michigan |
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Key people
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Stephen R. Blank, Chairman Dennis E. Gershenson, CEO |
| Products | Shopping centers |
| Revenue |
 $0.265 billion (2017) |
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$0.070 billion (2017) |
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| Total assets |
 $2.030 billion (2017) |
| Total equity |
$0.885 billion (2017) |
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Number of employees
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122 (2017) |
| Website | ramcoproperties |
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Footnotes / references |
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RAMCO Properties Trust, formerly known as Ramco-Gershenson Properties Trust, is a real estate investment trust based in Farmington Hills, Michigan that invests in shopping centers. The company's primary business is the ownership and management of dynamic town centers, urban-infill properties and neighborhood shopping centers predominately located in the 15 of the top 40 largest metropolitan markets in the United States. As of December 31, 2017, the company wholly owned and managed 56 shopping centers and owned 3 joint ventures .
The company owns several shopping malls, including Jackson Crossing in Jackson, Michigan. It developed Summit Place Mall and Tel-Twelve Mall in Metro Detroit as well as Hampton Towne Centre in Essexville, Michigan.
In 1955, Aaron & William Gershenson founded A & W Management Company.
In 1975, William Gershenson's 4 sons: Joel, Dennis, Richard and Bruce, along with associate Mike Ward took over leadership of the company, with each son responsible for a different division.
In the late 1970s and early 1980s, the company developed 35 Kmart stores.
In 1996, the company merged with RPS Realty Trust and became a public company via a reverse merger, changing its name to Ramco-Gershenson Properties Trust.
In 2001, the company acquired West Acres Commons Shopping Center for $10.8 million.
In 2004, the company acquired 7 properties for $138.3 million.
In 2012, the company acquired Central Plaza for $21.6 million.
In 2013, the company acquired Deerfield Towne Center for $97 million.
In 2014, the company acquired properties in Minneapolis-St. Paul and Cincinnati for $150 million.
In 2016, the company acquired Centennial Shops for $32.1 million and sold 2 shopping centers in Michigan.
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