SOUTHFIELD, Mich., Sept. 26 /PRNewswire/ -- Ramco-Gershenson Properties
Trust (NYSE: RPT) announced today that it has entered into an agreement with
Storetrax.com, a web based service that facilitates leasing efforts between
retailers and property owners. Storetrax.com provides continual access to an
up-to-the minute database of retail properties including interactive site
plans, rental information and demographics. As a subscriber to Storetrax.com,
RPT will have the ability to provide detailed information for all of its
properties, twenty-four hours a day, to prospective tenants.
"Storetrax.com is a powerful tool that will support our current leasing
efforts and enhance our ability to achieve wider exposure for our centers,"
said Dennis Gershenson, president and chief executive officer. "As promised
we are moving forward with strategic e-commerce initiatives that utilize
technology to streamline operations and generate income. Our focus will
emphasize those technological advancements that support the needs of our
tenants as well as our Company."
Ramco-Gershenson Properties Trust has a portfolio of 56 shopping centers,
with approximately 11.5 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.
For more information on Ramco-Gershenson Properties Trust via facsimile at
no cost, simply dial 1-800-PRO-INFO and enter the company code RPT or visit
our Website @ http://www.ramcogershenson.com .
SOURCE Ramco-Gershenson Properties Trust
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Related links:
http://www.ramcogershenson.com
CONTACT:
Dennis Gershenson, President & CEO, or
Richard Smith, CFO, both of Ramco-Gershenson Properties Trust,
248-350-9900, or fax, 248-350-9925
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