SOUTHFIELD, Mich., June 21 /PRNewswire/ -- Ramco-Gershenson Properties
Trust (NYSE: RPT) announced today that it has signed a lease with Hobby Lobby
for a 55,000 square foot craft and hobby superstore at Conyers Crossing, a
170,000 square foot community shopping center located in Conyers, Georgia.
Hobby Lobby will occupy the space vacated by Upton's department store and will
join Kmart as an anchor at the center.  Retrofitting the store is expected to
commence this summer.
    "The signing of the Hobby Lobby lease demonstrates our management team's
ability to react to vacancies, quickly replacing them with strong, national or
regional retailers," said Dennis Gershenson, president and chief executive
officer.   "Hobby Lobby's addition to Conyers Crossing will complement the
existing retail mix and provide an exciting shopping destination for the
area."
    Conyers Crossing is located on the southwest corner of the intersection of
Georgia Highway 20/138 and Interstate 20.  Due to its strategic location,
Conyers Crossing draws from an extensive trade area.  The population base for
the area is projected to increase 10% over the next five years, while income
levels are estimated to grow 21% during the same time period.
     Ramco-Gershenson Properties Trust has a portfolio of 55 shopping centers,
with approximately 10.9 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 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.

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