RPT Realty


RPT Realty, formerly known as RAMCO Properties Trust and Ramco-Gershenson Properties Trust, is a publicly traded real estate investment trust that owns and operates open-air shopping centers. As of December 31, 2019, the company owned 49 shopping centers comprising 11.9 million square feet.
Notable properties owned by the company include River City Marketplace in Jacksonville, Florida, in Upper Arlington, Ohio, in Woodbury, Minnesota, and Webster Place in Chicago.

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 stores.
In 1996, the company merged with RPS Realty Trust and became a public company via a reverse merger, 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.
On May 2, 2018, the company changed its name to RAMCO.
On October 31, 2018, the company changed its name to RPT Realty.