8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): January 8, 2007



                        RAMCO-GERSHENSON PROPERTIES TRUST
                        ---------------------------------
             (Exact name of registrant as specified in its Charter)



          Maryland                      1-10093                   13-6908486
- ----------------------------          ------------           -------------------
(State or other jurisdiction          (Commission               (IRS Employer
      of incorporation)               File Number)           Identification No.)


31500 Northwestern Highway, Suite 300, Farmington Hills, Michigan 48334
- -----------------------------------------------------------------------
          (Address of principal executive offices) (Zip Code)

        Registrant's telephone number, including area code     (248) 350-9900
                                                            --------------------

                                 Not applicable
                                 --------------
          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



Item 8.01 Other Events.

On January 8, 2007, Ramco-Gershenson Properties Trust issued a press release
announcing the formation of a $450 million joint venture. A copy of such press
release is filed herewith as Exhibit 99.1 and is incorporated by reference
herein.


Item 9.01 Financial Statements and Exhibits

(d)  Exhibits.

     Exhibit    Description
     -------    -----------

      99.1      Press release, dated January 8, 2007, entitled "Ramco-Gershenson
                Announces $450 Million Joint Venture to Acquire Midwest and
                Mid-Atlantic Shopping Centers."











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                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        RAMCO-GERSHENSON PROPERTIES TRUST


Date: January 8, 2007                   By:  /s/ Richard J. Smith
                                            ------------------------------------
                                            Richard J. Smith
                                            Chief Financial Officer









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Exhibit    Description
- -------    -----------

 99.1      Press release, dated January 8, 2007, entitled "Ramco-Gershenson
           Announces $450 Million Joint Venture to Acquire Midwest and
           Mid-Atlantic Shopping Centers."











                                        4

EX-99.1

                                                                    Exhibit 99.1

   Ramco-Gershenson Announces $450 Million Joint Venture to Acquire
              Midwest and Mid-Atlantic Shopping Centers


    FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Jan. 8,
2007--Ramco-Gershenson Properties Trust (NYSE:RPT) announced today
that it has formed a joint venture (the Venture) with an investor
advised by Heitman LLC. The Venture will acquire up to $450 million of
core and core-plus community shopping centers located in the
Midwestern and Mid-Atlantic United States. Ramco-Gershenson and the
Investor will hold a 20% and 80% equity interest in the Venture,
respectively. The leverage on the acquired assets is expected to be
65%. In addition, Ramco will contribute three of its core shopping
centers to the Venture for approximately $125.0 million. The Venture
has 24 months to acquire the balance of the program commitment.
Deutsche Bank Securities Inc. acted as a financial advisor to Ramco
for the transaction.

    Ramco-Gershenson will manage the Venture and its properties and
will receive fees for its services. Ramco expects the Venture to
enhance its presence and operating efficiencies in the named markets.

    "We are very excited about the formation of this joint venture,
which covers a well defined area of the country and is not in conflict
with our other ventures," said Dennis Gershenson, President and Chief
Executive Officer. "We know the Midwest and Mid-Atlantic markets well
and are positioned to significantly expand our presence there. We are
confident that we have staffed our organization appropriately for the
successful execution of this transaction as well as our other
partnership commitments."

    About Ramco-Gershenson Properties Trust

    Ramco-Gershenson Properties Trust owns interests in 81 shopping
centers totaling approximately 18.3 million square feet of gross
leasable area, consisting of 80 community centers and one enclosed
regional mall. The Company's centers are located in Michigan, Florida,
Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia,
South Carolina, North Carolina, and Maryland. Headquartered in
Farmington Hills, Michigan, the Company 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.

    About Heitman LLC

    Heitman LLC, founded in 1966 and headquartered in Chicago, manages
approximately $16.5 billion in assets invested directly and indirectly
in real estate in the US, Europe and Asia. The firm's clients include
US and international institutions, pension plans, endowments and
foundations, and individual investors.

    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 Company's filings with
the U.S. Securities and Exchange Commission and other publicly
available information regarding the Company. Management of
Ramco-Gershenson believes that expectations reflected in
forward-looking statements are based on reasonable assumptions.
Certain factors could occur that might cause actual results to vary.
These include general economic conditions, the strength of key
industries in the cities in which the Company's properties are
located, the performance of tenants at the Company's properties as
well as other factors.

    For further information on Ramco-Gershenson Properties Trust visit
the Company's Website at www.rgpt.com


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