Ramco-Gershenson Completes Leasing Phase of Major Redevelopment at Marketplace of Delray Shopping Center in Delray Beach, Florida

FARMINGTON HILLS, Mich.--(Business Wire)--
Ramco-Gershenson Properties Trust(NYSE:RPT) announced today that it has signed
three new lease agreements encompassing 66,125 square feet at the Marketplace of
Delray shopping center in Delray Beach, Florida, which includes the downsizing
of an existing Office Depot and the addition of Ross Dress For Less and Dollar
Tree at the shopping center. Office Depot is reducing the size of its store from
39,776 square feet to 26,500 square feet, consistent with its newer format. This
change, coupled with the termination of another tenancy that was occupying too
much space for its use, allowed the Company to sign Ross Dress For Less in
27,625 square feet and Dollar Tree in 12,000 square feet. The Company expects to
deliver both the Ross and Dollar Tree locations by year-end. The Marketplace of
Delray shopping center is located at the intersection of Military Trail and W.
Atlantic Avenue in Delray Beach, Florida. The demographic profile for the trade
area is very strong with a population base of over 194,000 persons and an
average household income of $82,392.

"The Company saw Office Depot`s desire to downsize as an opportunity to both
broaden the center`s retail mix and increase the credit quality of the income
stream," said Dennis E. Gershenson, Chairman, President and Chief Executive
Officer of Ramco-Gershenson. "Although we had already been working with Ross for
a store at this location, we were able to advance their opening by almost a
year. We reached an agreement and committed to a construction schedule in record
time, which is a testament to our management team`s pro-active response to an
opportunity and a confirmation of our excellent working relationship with this
outstanding national retailer."

ABOUT RAMCO-GERSHENSON PROPERTIES TRUST

Ramco-Gershenson Properties Trust, headquartered in Farmington Hills, Michigan,
is a fully integrated, self-administered, publicly-traded real estate investment
trust (REIT), which owns, develops, acquires, manages and leases community
shopping centers, regional malls and single tenant retail properties,
nationally. The Company owns interests in 89 shopping centers totaling
approximately 19.8 million square feet of gross leasable area in Michigan,
Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia,
South Carolina, North Carolina, Maryland and Illinois. For additional
information regarding Ramco-Gershenson Properties Trust visit the Company's
website at www.rgpt.com.

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 press release 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.

Ramco-Gershenson Properties Trust
Dawn Hendershot
Director of Investor Relations and Corporate Communications
248-592-6202

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