SOUTHFIELD, Mich., Nov. 30 /PRNewswire/ -- Ramco-Gershenson Properties
Trust (NYSE: RPT) today announced the opening of COSTCO Wholesale in 147,000
square feet, Best Buy in 46,000 square feet and Ethan Allen in 16,000 square
feet at its Auburn Mile shopping center in Auburn Hills, Michigan.  Additional
retailers currently open include anchor stores Meijer, Target and JoAnn etc.
The final phase of this project is expected to be completed next year.
    Auburn Mile is a 650,000 square foot shopping center fronting a one-mile
stretch of the I-75 expressway in Metropolitan Detroit and is situated
directly across the highway from The Taubman Company's Great Lakes Crossing
Mall.  Access to the center is provided by two full interchanges at Baldwin
and Joslyn Roads.
    "We are pleased that these national retailers were able to open in time
for the 2000 holiday shopping season", said Dennis Gershenson, president and
chief executive officer.  "We are also pleased that construction of this
development is nearing completion providing the area a diverse shopping
venue."
    Ramco-Gershenson Properties Trust has a portfolio of 56 shopping centers,
with approximately 11.7 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 further information on Ramco-Gershenson Properties Trust via facsimile
at no cost, dial 1-800-PRO-INFO and enter the company symbol RPT.

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