Ramco-Gershenson Properties Trust is a real estate investment trust that conducts substantially all of its business, and holds substantially all of its interests in its properties, through its operating partnership, Ramco-Gershenson Properties, L.P., either directly or indirectly through partnerships or limited liability companies that hold fee title to the properties. The Company is engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers in the Midwestern, Southeastern and Mid-Atlantic regions of the United States. As of December 31, 2001, the Company had a portfolio of 57 shopping centers, with more than 11.4 million square feet of gross leasable area (GLA), located in 12 states. The Company's properties consist of 56 community shopping centers, nine of which are power centers and three of which are single tenant facilities. The Company also owns one enclosed regional mall.