RPT Realty, formerly known as RAMCO Properties Trust and Ramco-Gershenson Properties Trust, is a publicly traded

real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...

that owns and operates open-air shopping centers. As of August 4, 2021, the company owned 50 shopping centers comprising 12.6 million square feet. Notable properties owned by the company includ
The Shops on Lane Avenue
in Upper Arlington, Ohio
Woodbury Lakes
in Woodbury, Minnesota; Bedford Marketplace in Bedford, Massachusetts; Lakehills Plaza in Austin, Texas; River City Marketplace in Jacksonville, Florida; Mission Bay Plaza in Boca Raton, Florida; The Crossroads in Royal Palm Beach, Florida; Coral Creek Shops in Coconut Creek, Florida.

History

In 1955, Aaron & William Gershenson founded A & W Management Company. In 1975, William Gershenson's four sons, Joel, Dennis, Richard and Bruce Alan, along with associate Mike Ward, took over leadership of the company, with each son responsible for a different division. In the late 1970s and early 1980s, the company developed 35

Kmart Kmart Corporation ( , doing business as Kmart and stylized as kmart) is an American retail company that owns a chain of big box department stores. The company is headquartered in Hoffman Estates, Illinois, United States. The company was inc ...

stores. In 1996, the company merged with RPS Realty Trust and became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( ...

via a

reverse merger A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compa ...

, changing its name to Ramco-Gershenson Properties Trust. In 2004, the company acquired 7 properties for $138.3 million. In 2017, the company was added to the

S&P 600 The S&P SmallCap 600 Index (S&P 600) is a stock market index established by Standard & Poor's. It covers roughly the small-cap range of American stocks, using a capitalization-weighted index. To be included in the index, a stock must have a total ...

. On May 2, 2018, the company changed its name to RAMCO. On October 31, 2018, the company changed its name to RPT Realty.

References

External links

{{DEFAULTSORT:RAMCO Properties 1950 establishments in Michigan Companies based in Oakland County, Michigan Companies listed on the New York Stock Exchange Real estate companies established in 1950 Real estate investment trusts of the United States Shopping center management firms