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FARMINGTON HILLS, Mich.--([ BUSINESS WIRE ])--Ramco-Gershenson Properties Trust (the aCompanya) (NYSE:RPT) announced today that it has entered into definitive purchase agreements to acquire four shopping centers in Colorado, Missouri and Wisconsin. The acquisitions are subject to customary closing conditions. The closings of the purchases are expected to occur in late May or early June 2012. It is anticipated that the purchases will be all cash transactions.

"The planned purchase of these four shopping centers reflects our focus on acquiring high-quality assets in trade areas with a superior demographic profile and that have a strong national, credit-quality tenant line-up"

• Harvest Junction North and South are regional community centers in the metropolitan Boulder, Colorado area. The purchase prices for Harvest Junction North and Harvest Junction South are approximately $35.5 million and $33.7 million, respectively. Combined, the two shopping centers encompass 327,875 square feet and feature a dynamic line up of national, creditworthy retailers, including Bed Bath & Beyond, Marshalls, Ross Dress for Less, DSW Shoe Warehouse, Dickas Sporting Goods, Loweas (anchor-owned), Best Buy, Michaels, Staples, ULTA Beauty, Dollar Tree and PETCO. The shopping centers were built in 2006. In addition to the acquisition of Harvest Junction North and South, which are currently 96% leased, the Company is under contract to purchase an additional 14 acres of land adjacent to Harvest Junction North for a purchase price of approximately $2.7 million, for future expansion. Harvest Junction North and South are located at the high traffic intersection of Ken Pratt Boulevard and South Main Street in Longmont, Colorado. The shopping centers are part of a growing and affluent trade area. Over 30% of the households have an average income that exceeds $100,000 and the three-mile population is expected to grow approximately 4% over the next five years.
• Central Plaza is located in metropolitan St. Louis, Missouri. The purchase price for Central Plaza is approximately $21.6 million. A retenanting of the shopping center was completed this year to include a new Ross Dress for Less and buybuy Baby. The 166,468 square foot center is also anchored by Office Max and JoAnn Fabrics. Central Plaza, currently 100% leased, marks the Companyas third acquisition in the metropolitan St. Louis market. Central Plaza is located on the northeast quadrant of Manchester Road and Vlasis Drive, approximately 20 miles west of downtown St. Louis in the suburb of Ballwin. The three-mile trade area population is 78,000 and has an average household income of $102,000.
• Nagawaukee Shopping Center is located in the greater Milwaukee, Wisconsin area. The purchase price for Nagawaukee Shopping Center is approximately $15.1 million. The 113,617 square foot shopping center is anchored by a Kohlas Department Store and complemented by Bath & Body Works, GNC, Mauriceas, the UPS Store and Cost Cutters. The center is also anchored by a 60,000 square foot Sentry Supermarket, which is not part of the acquisition. Nagawaukee Shopping Center is Ramco-Gershensonas third property in the greater Milwaukee area and its fourth asset in the state of Wisconsin. The shopping center is located at the northeast quadrant of Interstate 94 and Highway 83 in Delafield, one of the most affluent suburbs of Milwaukee with an average three-mile household income of $105,000.

The Company also announced the sale of two non-core shopping centers located in Florida, Pelican Plaza and Southbay Shopping Center, which generated net proceeds of approximately $5.4 million.

aThe planned purchase of these four shopping centers reflects our focus on acquiring high-quality assets in trade areas with a superior demographic profile and that have a strong national, credit-quality tenant line-up,a said Dennis Gershenson, President and Chief Executive Officer of Ramco-Gershenson. aAll of the centers are vibrant shopping destinations that will complement our portfolio of dominant, multi-anchored properties. These acquisitions coupled with our recent sales of non-core assets reinforce our goal to concentrate our efforts on quality of life communities that have growing populations with high average household incomes and educational levels, as well as being located in close proximity to thriving industries.a

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYSE:RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. Our primary business is the ownership and management of shopping centers in targeted markets in the Eastern and Midwestern regions of the United States. At March 31, 2012, the Company owned and managed a portfolio of 80 shopping centers and one office building with approximately 14.9 million square feet of gross leasable area owned by the Company or its joint ventures. The properties are located in Michigan, Florida, Ohio, Georgia, Missouri, Wisconsin, Illinois Indiana, New Jersey, Virginia, Maryland, and Tennessee. For additional information regarding Ramco-Gershenson Properties Trust, visit the Company's website at [ www.rgpt.com ].

This press release may contain forward-looking statements that represent the Companyas expectations and projections for the future. Management of Ramco-Gershenson believes the expectations reflected in any forward-looking statements made in this press release are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary, including deterioration in national economic conditions, weakening of real estate markets, decreases in the availability of credit, increases in interest rates, adverse changes in the retail industry, our continuing ability to qualify as a REIT and other factors discussed in the Companyas reports filed with the Securities and Exchange Commission.

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