SOUTHFIELD, Mich., Sept. 9 /PRNewswire/ -- Ramco-Gershenson Properties
Trust (NYSE: RPT) announced today that on September 8, its Board of Trustees
declared a third quarter dividend of $0.42 per share for the period
July 1, 1999, through September 30, 1999, based on an annual dividend of
$1.68 per share.
    The distribution will be payable on October 19, 1999, to shareholders of
record on September 30, 1999.
    Ramco-Gershenson Properties Trust has a portfolio of 55 shopping centers,
with approximately 10.6 million square feet of gross leasable area, located in
Michigan, Ohio, Wisconsin, New York, 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
expected annual dividend rate.  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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