Ramco-Gershenson Properties Trust is a real estate investment trust (REIT). The Company’s primary business is the ownership and management of shopping centers located in in the Eastern and Midwestern United States markets. As of December 31, 2010, it owned interests in 89 shopping centers and one office building that consisted of approximately 20.3 million square feet, of which 15.6 million square feet is owned directly by the Company and its real estate joint ventures partnerships. The Company also owned interests in various parcels of land held for development or for sale, the majority of which are adjacent to certain of its existing developed properties. The Company conducts all of its business through its operating partnership, Ramco-Gershenson Properties, L.P. (the Operating Partnership). As general partner of the Operating Partnership, the Company manages and conducts the business of the Operating Partnership.