Exhibit 99.1

                Ramco-Gershenson Completes Redemption
                     of Series C Preferred Shares

    FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--June 1,
2007--Ramco-Gershenson Properties Trust (NYSE:RPT) announced today
that it has completed the redemption of its outstanding 7.95% Series C
Cumulative Convertible Preferred Shares of Beneficial Interest, CUSIP
751452509. In accordance with the terms of the Series C Preferred
Shares, holders had the option to convert each Series C Preferred
Share into one common share of beneficial interest of the Trust prior
to 5:00 p.m. on May 22, 2007. From the date of the redemption notice
until May 22, 2007, 1,856,846 Series C Preferred Shares, or
approximately 98% of all shares outstanding, had been converted into
common shares. The remaining 31,154 Series C Preferred Shares were
redeemed on June 1, 2007, at the redemption price of $28.50 plus
accrued and unpaid dividends for an aggregate payout of approximately
$900,000.

    In addition, the Board of Trustees has declared, and the Trust has
set aside with the transfer agent, a sum sufficient for the payment of
pro rata dividends on the Trust's 9.5% Series B Cumulative Redeemable
Preferred Shares of Beneficial Interest up to June 1, 2007. Holders of
the Series B Preferred Shares will not be paid the pro rata dividend
as of June 1, 2007; instead, such funds will be distributed in
connection with the next dividend payment on the Series B Preferred
Shares.

    "As expected, nearly all of the preferred shareholders took the
opportunity to convert their holdings into our common stock," said
Dennis Gershenson, President and Chief Executive Officer. "We further
anticipate that the approximate 1.9 million common share increase will
improve the liquidity of our shares in the market as well as have a
positive impact on our fixed charge coverage ratio going forward."

    About Ramco-Gershenson Properties Trust

    Ramco-Gershenson Properties Trust, headquartered in Farmington
Hills, Michigan, 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. As of
June 1, 2007, the Trust owns interests in 84 shopping centers totaling
approximately 18.8 million square feet of gross leasable area in
Michigan, Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New
Jersey, Virginia, South Carolina, North Carolina, and Maryland. For
further information on Ramco-Gershenson Properties Trust visit the
Trust's website at www.rgpt.com.

    This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
and should be reviewed in conjunction with the Trust's filings with
the U.S. Securities and Exchange Commission and other publicly
available information regarding the Trust. Management of the Trust
believes that the expectations reflected in 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 general economic conditions, the strength of key industries
in the cities in which the Trust's properties are located, the
performance of Trust's tenants and other factors discussed in the
Trust's reports filed with the Securities and Exchange Commission.

    CONTACT: Ramco-Gershenson Properties Trust
             Dennis Gershenson, President & CEO or Richard Smith, CFO,
             248-350-9900
             FAX: 248-350-9925