SC 13D/A 1 mo636438_sc13da.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------------- SCHEDULE 13D Rule 13d-101 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (AMENDMENT NO. 1)(1) Ramco-Gershenson Properties Trust -------------------------------------------------------------------------------- (Name of Issuer) Common Shares of Beneficial Interest, par value $0.01 per share -------------------------------------------------------------------------------- (Title of Class of Securities) 75145220 -------------------------------------------------------------- (CUSIP Number) Christopher L. O'Dell Morgan Stanley 1221 Avenue of the Americas New York, New York 10020 (212) 761-4000 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 19, 2002 -------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (continued on following pages) (Page 1 of 21 Pages) ----------------------------- ---------------------------- CUSIP NO. 75145220 SCHEDULE 13D PAGE 2 OF 14 ----------------------------- ---------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morgan Stanley Dean Witter & Co. 36-3145972 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS N/A -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) N/A -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The state of organization is Delaware. -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ---------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES 1,721,686 BENEFICIALLY ---------------------------------------------------------------- OWNED BY EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 0 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,721,686 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,721,686 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.3% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO, HC -------------------------------------------------------------------------------- ---------- * See Instructions Before Filling Out! ----------------------------- ---------------------------- CUSIP NO. 75145220 SCHEDULE 13D PAGE 3 OF 14 ----------------------------- ---------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morgan Stanley Investment Management Inc. 13-3040307 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The state of organization is Delaware. -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ---------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES 954,610 BENEFICIALLY ---------------------------------------------------------------- WNED BY EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 0 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 954,610 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 954,610 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.5% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA, CO -------------------------------------------------------------------------------- ---------- * See Instructions Before Filling Out! ----------------------------- ---------------------------- CUSIP NO. 75145220 SCHEDULE 13D PAGE 4 OF 14 ----------------------------- ---------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MS Real Estate Special Situations, Inc. 13-3962641 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION The state of organization is Delaware. -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 ---------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES 767,076 BENEFICIALLY ---------------------------------------------------------------- WNED BY EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 0 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 767,076 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 767,076 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.8% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA, CO -------------------------------------------------------------------------------- ---------- * See Instructions Before Filling Out! ITEM 1. SECURITY AND ISSUER. This Amendment No. 1 to Schedule 13D amends and supplements the Schedule 13D Statement dated November 13, 1998 which was filed with the Securities and Exchange Commission ("SEC") on behalf of Morgan Stanley Dean Witter & Co. ("MSDW"), Morgan Stanley Asset Management Inc. (now known as Morgan Stanley Investment Management Inc. or "MSIM") and The Morgan Stanley Real Estate Special Situations Fund II, L.P., which is no longer a reporting person. This Amendment No.1 reflects the transaction described in Item 4 below, as it relates to MSDW, MSIM and MS Real Estate Special Situations, Inc. ("MSRESSI," and together with MSDW and MSIM, the "Reporting Persons"), the investment adviser to certain clients referred to in Item 4 below. Each capitalized term, not defined in this amendment has the meaning assigned to such term as in the original Schedule 13D. The class of equity securities to which this statement relates is the common shares of beneficial interest, $.01 par value per share ("Common Shares"), of Ramco-Gershenson Properties Trust, a Maryland real estate investment trust (together with its predecessors, the "Issuer"). The principal executive offices of the Issuer are located at 27600 Northwestern Highway, Suite 200, Southfield, Michigan. ITEM 2. IDENTITY AND BACKGROUND Item 2 is hereby amended and supplemented by adding the following: (a) This Schedule 13D is being filed jointly on behalf of the following persons (collectively, the "Reporting Persons"): (1) Morgan Stanley Dean Witter & Co., a Delaware corporation; (2) Morgan Stanley Investment Management Inc., a Delaware corporation; and (3) MS Real Estate Special Situations, Inc., a Delaware corporation. (b) MS Real Estate Special Situations, Inc. is a Delaware corporation with its principal business and offices located at 1585 Broadway, New York, New York, 10036. (c) Set forth in Schedule A is the name, citizenship, business or residence address and present principal occupation or employment, as well as the name and address of any corporation or other organization in which such occupation or employment is conducted, of each of the directors and executive officers of MSDW, as of the date hereof. Set forth in Schedule B is the name, citizenship, business or residence address and present principal occupation or employment, as well as the name, principal business and address of any corporation or other organization in which such occupation or employment is conducted, of each of the directors and executive officers of MSIM, as of the date hereof. Set forth in Schedule C is the name, citizenship, business or residence address and present principal occupation or employment, as well as the name, principal business and address of any corporation or other organization in which such occupation or employment is conducted, of each of the directors and executive officers of MSRESSI, as of the date hereof. (d) None of the Reporting Persons, including MSRESSI, nor, to the knowledge of the Reporting Persons, any of the other persons listed on Schedules A, B and C attached hereto has been convicted in a criminal proceeding in the past five years (excluding traffic violations or similar misdemeanors). (e) During the past five years, none of the Reporting Persons, including MSRESSI, nor, to the knowledge of the Reporting Persons, any of the other persons listed on Schedules A, B and C attached hereto was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 4. PURPOSE OF TRANSACTION. Item 4 is hereby amended and supplemented by adding the following: On March 14, 2002 the Issuer, MSRESSI and the other selling shareholders entered into a Stock Redemption Agreement ("Agreement") by which the Issuer will redeem from MSRESSI and the other selling shareholders 1,200,000 shares of Series A Convertible Preferred Shares ("Preferred Shares"), par value $0.01 per share (representing 1,714,286 Common Shares) for $22.0204 per share, subject to market price adjustments and other conditions described in the Agreement attached hereto as Exhibit 7. If the transaction proposed in the Agreement is consummated, the Issuer will redeem all Preferred Shares then held by the Reporting Persons. The foregoing does not purport to be a complete description of the terms of the Stock Redemption Agreement and is qualified in its entirety by reference to Exhibit 7 hereof, which is incorporated by reference hereof. Except as described above, as of the date of this Amendment No. 1 to Schedule 13D, the Reporting Persons have no present plans or proposals of a type requiring disclosure under Item 4 of Schedule 13D. MSDW is filing solely in its capacity as parent company and indirect beneficial owner of securities held by its business units. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended and supplemented by adding the following: MSRESSI, for the purpose of Rule 13d-3 promulgated under the Exchange Act, beneficially owns 767,076 Common Shares representing approximately 10.8% of the outstanding Shares (based on 7,088,926 Common Shares reported by the Company as outstanding on March 13, 2002 in its report on Form 10-K for the fiscal year ended December 31, 2001); The response to Item 4 is incorporated herein by reference. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Item 6 is hereby amended and supplemented by adding the following: The response to Item 4 is incorporated herein by reference. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Item 7 is hereby amended and supplemented by adding the following: Exhibit 7: Stock Redemption Agreement by and among Ramco-Gershenson Properties, L.P., the Issuer, Morgan Stanley Real Estate Special Situations Fund II, L.P., MS Special Funds Pte. Ltd., Stichting Pensioenfonds ABP, Stichting Bedrijfspensioenfonds voor de Metaal en Technische Bedrijfstakken, The Morgan Stanley Real Estate Special Situations Fund I, L.P. and MS Real Estate Special Situations, Inc. dated as of March 14, 2002. Exhibit 8. Joint Filing Agreement SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 19, 2002 MORGAN STANLEY DEAN WITTER & CO. By: /s/ Robert G. Koppenol -------------------------------------------- Robert G. Koppenol Authorized Signatory MORGAN STANLEY INVESTMENT MANAGEMENT INC. By: /s/ Richard A. Schultz -------------------------------------------- Richard A. Schultz Authorized Signatory MS REAL ESTATE SPECIAL SITUATIONS, INC. By: /s/ Richard A. Schultz -------------------------------------------- Richard A. Schultz Vice President EXHIBIT INDEX EXHIBIT NO. DESCRIPTION ----------- ------------------------------------------------------------------ 7. Stock Redemption Agreement by and among Ramco-Gershenson Properties, L.P., the Issuer, Morgan Stanley Real Estate Special Situations Fund II, L.P., MS Special Funds Pte. Ltd., Stichting Pensioenfonds ABP, Stichting Bedrijfspensioenfonds voor de Metaal en Technische Bedrijfstakken, The Morgan Stanley Real Estate Special Situations Fund I, L.P. and MS Real Estate Special Situations, Inc. dated as of March 14, 2002. 8. Joint Filing Agreement SCHEDULE A EXECUTIVE OFFICERS AND DIRECTORS OF MORGAN STANLEY DEAN WITTER & CO. The names of the Directors and the names and titles of the Executive Officers of Morgan Stanley Dean Witter & Co. ("MSDW") and their business addresses and principal occupations are set forth below. If no address is given, the Director's or Executive Officer's business address is that of MSDW at 1585 Broadway, New York, New York 10036. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to MSDW and each individual is a United States citizen. NAME PRESENT PRINCIPAL OCCUPATION --------------------------------- ---------------------------------------- * Philip J. Purcell Chairman of the Board and Chief Executive Officer * Robert G. Scott President and Chief Operating Officer * Robert P. Bauman Retired; former Chief Executive Officer Invensys plc of SmithKline Beecham plc Invensys House, Carlisle Place London SW1P 1BX, ENGLAND * Edward A. Brennan Retired; former Chairman of the Board, 400 North Michigan Avenue, President and Chief Executive Officer of Suite 400 Sears, Roebuck and Co. Chicago, IL 60611 * John E. Jacob Executive Vice President and Chief Anheuser-Busch Companies, Inc. Communications Officer of Anheuser-Busch One Busch Place Companies, Inc. St. Louis, MO 63118 * C. Robert Kidder Chairman of the Board and Chief Borden, Inc. Executive Officer of Borden, Inc. 180 East Broad St. Columbus, OH 43215 * Charles F. Knight Chairman of Emerson Electric Co. Emerson Electric Co. 8000 West Florissant St. Louis, MO 63136 * John W. Madigan Chairman and Chief Executive Officer Tribune Company of Tribune Company 435 North Michigan Avenue, Suite 2300 Chicago, IL 60611 SCHEDULE A NAME PRESENT PRINCIPAL OCCUPATION --------------------------------- ---------------------------------------- * Miles L. Marsh Former Chairman of the Board and Chief W.H. Clark & Associates Executive Officer of Fort James 20 S. Clark St, Suite 2222 Corporation Chicago, IL 60603 * Michael A. Miles Special Limited Partner of Forstmann 1350 Lake Road Little and Co. Lake Forest, IL 60045 * Laura D'Andrea Tyson Dean of the London Business School London Business School Sussex Place, Regent's Park London NW1 4SA, England Stephen S. Crawford Executive Vice President and Chief Financial Officer Roger C. Hochschild Executive Vice President and Chief Strategic and Administrative Officer Donald G. Kempf, Jr. Executive Vice President, Chief Legal Officer & Secretary Tarek F. Abdel-Meguid Head of Worldwide Investment Banking Zoe Cruz Head of Worldwide Fixed Income Division John P. Havens Head of Worldwide Institutional Equities Group Mitchell M. Merin President and COO, Asset Management David W. Nelms President and COO, Discover Financial Services Stephan F. Newhouse Co-President and COO, Institutional Securities Group Vikram S. Pandit Co-President and COO, Institutional Securities Group Joseph R. Perella Chairman of Institutional Securities Group John H. Schaefer President and COO, Individual Investor Group * Director SCHEDULE B EXECUTIVE OFFICERS AND DIRECTORS OF MORGAN STANLEY INVESTMENT MANAGEMENT INC. The names of the Directors and the names and titles of the Executive Officers of Morgan Stanley Investment Management Inc. ("MSIM") and their business addresses and principal occupations are set forth below. If no address is given, the Director's or Executive Officer's business address is that of MSIM at 1221 Avenue of the Americas, New York, New York 10020. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to MSIM and each individual is a United States citizen. NAME PRESENT PRINCIPAL OCCUPATION ---------------------------- ----------------------------------------- * Barton M. Biggs Chairman and Managing Director * Richard B. Worley President & Managing Director * Mitchell M. Merin Joseph J. McAlinden Chief Investment Officer Rajesh K. Gupta Chief Administrative Officer--Investments Ronald E. Robison Chief Operations Officer and Managing Director Arthur J. Lev General Counsel, Principal and Secretary Alexander C. Frank Treasurer * Director SCHEDULE C EXECUTIVE OFFICERS AND DIRECTORS OF MS REAL ESTATE SPECIAL SITUATIONS, INC. The names of the Directors and the names and titles of the Executive Officers of MS Real Estate Special Situations, Inc. ("MSRESSI") and their business addresses and principal occupations are set forth below. If no address is given, the Director's or Executive Officer's business address is that of MSRESSI at 1585 Broadway, New York, New York 10036. Unless otherwise indicated, each occupation set forth opposite an individual's name refers to MSRESSI and each individual is a United States citizen. NAME PRESENT PRINCIPAL OCCUPATION ------------------------------ ----------------------------------------- * Owen D. Thomas Chairman of the Board of MSRESSI and Managing Director of Morgan Stanley & Co. Incorporated * John Timothy Morris President of MSRESSI and Managing Director of Morgan Stanley & Co. Incorporated Michael E. Foster Vice President of MSRESSI and Managing Director of Morgan Stanley & Co. Incorporated Jeffrey K. Gronning Vice President of MSRESSI and Executive Director of Morgan Stanley & Co. Incorporated Richard A. Schultz Vice President of MSRESSI and Morgan Stanley & Co. Incorporated Christopher L. O'Dell Vice President and Secretary of MSRESSI and Vice President of Morgan Stanley & Co. Incorporated * Director