Ramco-Gershenson Announces the Closing of Its Purchase of 12 Shopping Centers

  Ramco-Gershenson Announces the Closing of Its Purchase of 12 Shopping
  Centers

Business Wire

FARMINGTON HILLS, Mich. -- March 25, 2013

Ramco-Gershenson Properties Trust (NYSE:RPT) (“the Company”) today announced
that it has closed the acquisition of its partner’s ownership interest in 12
shopping centers owned by Ramco/Lion Venture LP for approximately $151.9
million in cash and the assumption of its partner’s pro-rata share of debt of
approximately $104.9 million. With the completion of this acquisition, the
Company now owns 100% of the shopping centers, which are located in Florida
and Michigan.

“We are pleased to close this acquisition so quickly,” said Dennis Gershenson,
President and Chief Executive Officer. “The size of the transaction, the
quality of the assets, and the potential for significant future value creation
are all positives for our shareholders. In addition, we are continuing our
joint venture relationship with Clarion Partners with the goal of acquiring
additional high quality shopping centers in strong metropolitan markets over
the next several years.”

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYSE:RPT) is a fully integrated,
self-administered, publicly-traded real estate investment trust (REIT) based
in Farmington Hills, Michigan. The Company’s business is the ownership and
management of multi-anchor shopping centers in strategic, quality of life
markets throughout the Eastern, Midwestern and Central United States. At
December 31, 2012, the Company owned interests in and managed a portfolio of
78 shopping centers and one office building with approximately 15.0 million
square feet of gross leasable area owned by the Company or its joint ventures.
The properties are located in Michigan, Florida, Ohio, Georgia, Missouri,
Colorado, Wisconsin, Illinois, Indiana, New Jersey, Virginia, Maryland, and
Tennessee. At December 31, 2012, the Company’s core operating portfolio was
94.6% leased. For additional information regarding Ramco-Gershenson Properties
Trust visit the Company's website at www.rgpt.com.

This press release may contain forward-looking statements that represent the
Company’s expectations and projections for the future. Management of
Ramco-Gershenson believes the expectations reflected in any forward-looking
statements made in this press release are based on reasonable assumptions.
Certain factors could occur that might cause actual results to vary, including
deterioration in national economic conditions, weakening of real estate
markets, decreases in the availability of credit, increases in interest rates,
adverse changes in the retail industry, our continuing to ability to qualify
as a REIT and other factors discussed in the Company’s reports filed with the
Securities and Exchange Commission.

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Contact:

Ramco-Gershenson Properties Trust
Dawn Hendershot, 248-592-6202
Director of Investor Relations and Corporate Communications
 
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