EXHIBIT 99.1


                             RAMCO-GERSHENSON SELLS
                         HICKORY CORNERS SHOPPING CENTER
                           IN HICKORY, NORTH CAROLINA

Southfield, Mich. - RAMCO-GERSHENSON PROPERTIES TRUST (NYSE:RPT) announced today
that it has closed on the sale of Hickory Corners, a 178,000 square foot
community shopping center located in Hickory, North Carolina. The shopping
center was sold for approximately $10.7 million, which represents a
capitalization rate of 9.9%.

"We purchased Hickory Corners in 1997 as part of a portfolio acquisition. Since
that time we have increased the value of the property through the addition of an
Office Max store and the expansion of the Food Lion Supermarket. Based on the
value we have added, the size of the Hickory trade area and the sales
capitalization rate achieved, the disposition of this center fit our long term
strategy", said Dennis Gershenson, Chief Executive Officer. "The proceeds will
ultimately be redeployed to fund future acquisitions and redevelopments that
will produce higher returns for our shareholders."

Ramco-Gershenson Properties Trust has a portfolio of 56 shopping centers
totaling approximately 11.2 million square feet of gross leasable area,
consisting of 55 community centers, of which nine are power centers and three
are single tenant properties, as well as one enclosed regional mall. The
Company's centers are located in Michigan, Ohio, Wisconsin, New Jersey,
Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia, Alabama
and Florida. Headquartered in Southfield, Michigan, the Company is a fully
integrated, self-administered, publicly-traded real estate investment trust
(REIT) which owns, develops, acquires, manages and leases community shopping
centers, regional malls and single tenant retail properties, nationally.

This press release contains forward-looking statements with respect to the
operation of certain of the Trust's properties. Management of Ramco-Gershenson
believes the expectations reflected in the forward-looking statements made in
this document are based on reasonable assumptions. Certain factors could occur
that might cause actual results to vary. These include general economic
conditions, the strength of key industries in the cities in which the Trust's
properties are located, the performance of the Trust's tenants at the Trust's
properties and elsewhere, and other factors discussed in the Trust's reports
filed with the Securities and Exchange Commission.

     FOR FURTHER INFORMATION ON RAMCO-GERSHENSON PROPERTIES TRUST VISIT OUR
                       WEBSITE @ WWW.RAMCO-GERSHENSON.COM

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