Exhibit 99.1

       Ramco-Gershenson Confirms Termination of Negotiations with RioCan

     FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Jan. 10, 2007--Ramco-Gershenson
Properties Trust (NYSE:RPT) announced today that it confirms the announcement by
RioCan Real Estate Investment Trust that negotiations between the parties have
been terminated for the formation of a United States platform for investment by
RioCan pursuant to the memorandum of understanding described in Ramco's press
release issued on December 12, 2006.

     "Although I am disappointed that we were unable to facilitate a transaction
that was viable for both parties, I remain bullish on our prospects for 2007,"
said Dennis Gershenson, President and Chief Executive Officer. "The termination
of this agreement will not interrupt our aggressive business plan that focuses
on the acquisition and development of shopping centers through a number of
investment vehicles including our recently announced $450 million joint venture
with Heitman LLC."

     Ramco-Gershenson Properties Trust, headquartered in Farmington Hills,
Michigan, 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. Ramco-Gershenson owns interests in 81 shopping centers totaling
approximately 18.3 million square feet of gross leasable area in Michigan,
Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia,
South Carolina, North Carolina, and Maryland.

     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