SOUTHFIELD, Mich., May 24 /PRNewswire-FirstCall/ -- Ramco-Gershenson
Properties Trust (NYSE: RPT) announced that, on May 23, 2002, the underwriters
of the Company's recent public offering of common shares of beneficial
interest exercised in full their option to purchase an additional 630,000
common shares to cover over-allotments. The purchase of the shares is expected
to close on Wednesday, May 29, 2002. The underwriters are Deutsche Bank
Securities, McDonald Investments Inc. and Robertson Stephens.
Ramco-Gershenson Properties Trust has a portfolio of 57 shopping centers
totaling approximately 11.2 million square feet of gross leasable area,
consisting of 56 community centers, of which nine are power centers and three
are single tenant properties, as well as one enclosed regional mall. The
Company's centers are located in Michigan, Ohio, Wisconsin, New Jersey,
Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia,
Alabama and Florida. Headquartered in Southfield, Michigan, the Company is a
fully integrated, self-administered, publicly-traded real estate investment
trust (REIT) which owns, develops, acquires, manages and leases community
shopping centers, regional malls and single tenant retail properties,
nationally.
SOURCE Ramco-Gershenson Properties Trust
 back to top
Related links:
http://www.frbinc.com
CONTACT:
Dennis Gershenson, President & CEO, or
Richard Smith, CFO, both of Ramco-Gershenson Properties Trust,
+1-248-350-9900, fax, +1-248-350-9925
|
