Ramco-Gershenson Properties Trust (NYSE:RPT) announced today the closing of its underwritten public offering of 5,500,000 newly issued common shares of beneficial interest at $12.10 per share. The Company has also granted the underwriters an option to purchase up to an additional 825,000 common shares of beneficial interest. Ramco-Gershenson received approximately $63.6 million in net proceeds from the offering after deducting the underwriting discount and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds to reduce outstanding borrowings under its revolving credit facility and to fund a portion of the consideration for the acquisition of four shopping centers located in Colorado, Missouri and Wisconsin, which were recently announced, as well as for general corporate purposes. BofA Merrill Lynch, J.P. Morgan and Stifel Nicolaus Weisel acted as joint book-running managers for the offering. Comerica Securities, Inc. and The Huntington Investment Company acted as co-managers. This offering is being made pursuant to an effective shelf registration statement and related prospectus and prospectus supplement filed by the Company with the Securities and Exchange Commission. Copies of the prospectus and prospectus supplement for this offering may be obtained by contacting BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department or by email at email@example.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling 1-866-803-9204; Stifel, Nicolaus & Company, Incorporated, One South Street, 15 th Floor, Baltimore, MD 21202 or by calling (443) 224-1988. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.