Ramco-Gershenson Properties Trust
|Public (NYSE: RPT)|
|Industry||real estate investment trusts|
|Genre||regional community shopping centers|
|Founded||1950, public 1996|
|Founder||Aaron & William Gershenson|
|Headquarters||Farmington Hills, Michigan, U.S.|
Number of locations
|Michigan, Florida, Georgia, Ohio, Wisconsin, Illinois, Indiana, Maryland, Virginia, Kentucky, Missouri, Minnesota, Colorado|
|Stephen R. Blank, Chairman
Dennis Gershenson, President & CEO
Number of employees
Ramco-Gershenson Properties Trust (R-G) is a fully integrated real estate investment trust (REIT). As of December 31, 2016, the Company owned interests and managed a portfolio of 65 shopping centers comprising approximately 14,800,000 square feet (1,370,000 m2) of gross leasable area, primarily located in the 40 largest metropolitan markets in the United States. The company is headquartered in Farmington Hills, Michigan and employs 130 people. Ramco-Gershenson is publicly traded on the NYSE under the symbol RPT.
The A & W Management Company was founded in 1950 by Aaron & William Gershenson. They developed more than 70 shopping centers in the Midwest over nearly half a century. The original founders stepped down in 1975, succeeded by William's sons and one unrelated associate. The company was renamed, Ramco-Gershenson, Inc.
The company and 22 key properties merged with RPS Realty Trust on May 1, 1996. The resulting company was named, Ramco-Gershenson Properties Trust and has expanded by both asset management and acquisition.