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31500 Northwestern Hwy., Ste. 300 Farmington Hills, MI 48334 MI Tel. 248-350-9900 Fax 248-350-9925 |
Type: Public
On the web:
http://www.ramcogershenson.com
Employees:
106
Employee growth: (15.9%)
Ramco-Gershenson Properties Trust makes no bones about horning in on the retail world. A self-administered real estate investment trust (REIT), it owns, develops, and manages a property portfolio of about 90 shopping centers in about a dozen states east of the Mississippi River. The REIT's properties contain approximately 20 million sq. ft. of leasable space in the Midwest, mid-Atlantic, and Southeast. Nearly all of its assets are community shopping centers in metropolitan areas, anchored by grocery or big-box stores. The REIT also owns one enclosed regional mall and one single-tenant property, and has a handful of projects under development.
Key numbers for fiscal year ending December, 2011:
Sales: $121.3M
One year growth: 1.3%
Net income: ($26.8)M
Officers:
Chairman, President, and CEO: Dennis E. Gershenson
EVP Development and New Business Initiatives: Thomas W. Litzler
VP Development and Redevelopment: Peter J. DeBenedictis
Competitors:
CBL & Associates Properties
DDR
Kimco Realty