Ramco-Gershenson Properties
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Ramco-Gershenson Properties is a fully-integrated, self-managed REIT (real estate investment trust) that develops, buys, manages shopping centers in the Midwest, Mid-Atlantic, Southeastern United States.
It's headquartered in Farmington Hills Michigan, and the New York Stock Exchange ticker symbol is RPT. They own 89 shopping centers with 20 million square feet. 88 are community centers and one is a regional mall.
53% of their shopping centers are anchored by a supermarket. Their properties are located in the states of Michigan, Florida, Georgia, Illinois, Ohio, Wisconsin, Indiana, New Jersey, Maryland, North Carolina, South Carolina, Virginia and Tennessee.
This company started in the early 1950s when William and Aaron Gershenson started A & W Management Company. On May 1, 1996, along with 22 of its properties, merged with RPS Realty Trust.
Ramco-Hershenson Properties Portfolio:
Cocoa Commons, Coral Creek Shops, Cypress Points, Kissimmee West, Lantana Shopping Center, Marketplace of Delray, Martin Square, Naples Towne Centre, Martin Square, Pelican Plaza, The Plaza at Delray, Mission Bay Plaza, River Crossing Centre, River City Marketplace, Rivertowne Square, Shenandoah Square, Shoppes of Lakeland, Southbay Shopping Center, Sunshine Plaza, The Crossroads, Treasure Coast Commons, Village Lakes Shopping Center, Village of Oriole Plaza, Vista Plaza, West Broward Shopping Center, Centre at Woodstock, Collins Pointe Plaza, Conyers Crossing, Holcomb Center, Horizon Village, Mays Crossing, Paulding Pavilion, Peachtree Hill, Promenade at Pleasant Hill, Crossroads Centre, OfficeMax Center, Olentangy Plaza, Rossford Pointe, Spring Meadows Place, The Shops on Lane Avenue, Troy Towne Center, The Auburn Mile, Beacon Square, Clinton Pointe, Clinton Valley, Eastridge Commons, Fairlane Meadows, Gratiot Crossing, Hoover Eleven, Lakeshore Marketplace, Madison Center, Millenium Park and New Towne Park.
Ramco-Gershenson Properties Trust is therefore a REIT that concentrates on the economic activity in the center of the U.S., and in Florida. Florida is one state that is likely to continue to have prosperity because of its climate. Its concentration in Michigan also diversifies it.
Next: Simon Property Group -- regional shopping malls
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