Ramco-Gershenson Properties Trust
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| Public (NYSE: RPT) | |
| Industry | real estate investment trusts |
| Genre | regional community shopping centers |
| Founded | 1950, public 1996 |
| Founder | Aaron & William Gershenson |
| Headquarters | Farmington Hills, Michigan, U.S. |
Number of locations | 66 |
Area served | Michigan, Florida, Georgia, Ohio, Wisconsin, Illinois, Indiana, Maryland, Virginia, Kentucky, Missouri, Minnesota, Colorado |
Key people |
Stephen R. Blank, Chairman Dennis Gershenson, President & CEO |
Number of employees | 130 |
| Website | www.rgpt.com |
Ramco-Gershenson Properties Trust (R-G) is a fully integrated real estate investment trust (REIT). As of September 30, 2016, the Company owned interests and managed a portfolio of 66 shopping centers comprising approximately 14,800,000 square feet (1,370,000 m2) of gross leasable area, primarily located in large metropolitan markets in the central United States. The company is headquartered in Farmington Hills, Michigan and employs 130 people. Ramco-Gershenson is publicly traded on the NYSE under the symbol RPT.
History
The A & W Management Company was founded in 1950 by Aaron & William Gershenson. They developed more than 70 shopping centers in the Midwest over nearly half a century. The original founders stepped down in 1975, succeeded by William's sons and one unrelated associate. The company was renamed, Ramco-Gershenson, Inc.
The company and 22 key properties merged with RPS Realty Trust on May 1, 1996. The resulting company was named, Ramco-Gershenson Properties Trust and has expanded by both asset management and acquisition.