SOUTHFIELD, Mich., June 1 /PRNewswire/ --  Ramco-Gershenson Properties
Trust (NYSE: RPT) announced today that it has closed on the purchase of a
78 acre parcel of land in Rossford, Ohio, a suburb of Toledo, for the
development of its newest shopping complex, Crossroads Centre.  This 650,000
square foot development will be strategically located on US-20 adjacent to the
I-75 and I-80/90 expressways.  Site work is scheduled to commence immediately.
The center will be anchored by Home Depot, Target and Giant Eagle supermarket.
Additional anchors are slated to include a craft superstore, a home furnishing
store and an office superstore.  Complimentary retail uses and freestanding
restaurants are planned.  It is expected that a number of merchants will open
in the spring of 2001.
    "As part of our business plan, the Company continues to be committed to
the development of strategically located shopping centers, anchored by strong
national and regional tenants," said Dennis Gershenson, president and chief
executive officer.  "We expect the Crossroads project to be a profitable
addition to our shopping center portfolio."
    The development site is located on one of the most significant growth
corridors in Northwest Ohio and sits at the entrance to the City of Rossford's
1400 acre civic development known as Crossroads of America.  Regional access
to the shopping center is provided by two full interchanges off of I-75.  The
trade area for the center exceeds 15 miles, due to the highway network system.
Additional development by major national employers along the I-75 corridor is
expected to generate over 20,000 new jobs for the area.
    "It's exciting to bring a development of this magnitude to the City of
Rossford," said Richard Gershenson, executive vice president.  "We were
thrilled with the response from the city and look forward to working with them
to develop a first-class shopping center that will positively impact the local
economy while providing Rossford and the greater Toledo area a new hub for
shopping and dining.  Once complete the property will include a number of
nationally recognized anchor stores as well as a variety of other retailers
guaranteeing the area a diverse shopping venue."
    Ramco-Gershenson Properties Trust has a portfolio of 54 shopping centers,
with approximately 10.8 million square feet of gross leasable area, 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).  The Trust owns,
develops, acquires and manages neighborhood and community shopping centers,
regional malls and single tenant retail properties, nationally.
    This press release contains forward-looking statements with respect to the
operation of certain of the Trust's properties.  Management of
Ramco-Gershenson believes the expectations reflected in the forward-looking
statements made in this document are based on reasonable assumptions.  Certain
factors could occur that might cause actual results to vary.  These include
general economic conditions, the strength of key industries in the cities in
which the Trust's properties are located, the performance of the Trust's
tenants at the Trust's properties and elsewhere, and other factors discussed
in the Trust's reports filed with the Securities and Exchange Commission.
    For further information on Ramco-Gershenson Properties Trust via facsimile
at no cost, simply dial 1-800-PRO-INFO and enter the company symbol RPT.

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