SOUTHFIELD, Mich., June 30 /PRNewswire/ -- Ramco-Gershenson Properties
Trust (NYSE: RPT) announced today that it has signed a lease with Publix
Supermarkets to build a new 51,420 square foot store at Sunshine Plaza, a
250,000 square foot community shopping center in Tamarac, Florida.  Publix's
existing 37,000 square foot store will be demolished to make way for the
expanded facility.  An exterior renovation of the existing shopping center is
also planned.  The redevelopment of the center is scheduled to be complete in
the spring of 2001.
    "The expansion of Publix and the renovation of the center will solidify
Sunshine Plaza as one of the dominant retail destinations in the area", said
Dennis Gershenson, president and chief executive officer.  "We are pleased to
be providing the greater Tamarac region this up to date shopping venue."
    Sunshine Plaza is located at the intersection of US Highway 441 and
Commercial Boulevard approximately 7 miles northwest of downtown Fort
Lauderdale.  The center's trade area is expansive and extends approximately
9 miles.  Current estimates project household income to increase by 19% over
the next five years.  The population base is expected to increase
approximately 7% to over 450,000 persons in a 5-mile radius for that same
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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