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): October 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
    (17 CFR 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 October 8, 2007, Ramco-Gershenson Properties Trust issued a press release
announcing that it will redeem all of its outstanding 9.5% Series B Cumulative
Redeemable Preferred Shares of Beneficial Interest on November 12, 2007. The
shares will be redeemed at $25.00 per share, plus accrued and unpaid dividends
to the redemption date without interest. A copy of the October 8, 2007 press
release is filed herewith as Exhibit 99.1 and is hereby incorporated by
reference.

Item 9.01         Financial Statements and Exhibits

(d)      Exhibits.

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

           99.1            Press release, dated October 8, 2007, entitled
                           "Ramco-Gershenson Announces Redemption of Its 9.5%
                           Series B Cumulative Redeemable Preferred Shares of
                           Beneficial Interest."

                                       2


                                   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:  October 9, 2007               By: /s/ Richard J. Smith
                                         Richard J. Smith
                                         Chief Financial Officer

                                       3


                                  EXHIBIT INDEX

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

  99.1                     Press release, dated October 8, 2007, entitled
                           "Ramco-Gershenson Announces Redemption of Its 9.5%
                           Series B Cumulative Redeemable Preferred Shares of
                           Beneficial Interest."

                                       4

EX-99.1

                                                                    Exhibit 99.1

 Ramco-Gershenson Announces Redemption of Its 9.5% Series B Cumulative
           Redeemable Preferred Shares of Beneficial Interest

    FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Oct. 8,
2007--Ramco-Gershenson Properties Trust (NYSE:RPT) announced today
that it will redeem all of its outstanding 9.5% Series B Cumulative
Redeemable Preferred Shares of Beneficial Interest, CUSIP 751452400,
(NYSE:RPT.PRB) on November 12, 2007. The 1,000,000 Series B Preferred
Shares will be redeemed at $25.00 per share, plus accrued and unpaid
dividends to the redemption date without interest. From the redemption
date forward, dividends on the Series B Preferred Shares will no
longer accrue and holders of the Series B Preferred Shares will have
no rights as such holders other than the right to receive the
redemption price, without interest, upon surrender of the Series B
Preferred Shares.

    Payment of the redemption price will be made upon presentation and
surrender of the share certificates of the Series B Preferred Shares
to the paying agent, American Stock Transfer and Trust Company
("AST"), 59 Maiden Lane, New York, NY 10038. For further information,
record holders of the Series B Preferred Shares should contact AST
during its normal business hours at 1-800-937-5449. Holders with
Series B Preferred Shares being held at a bank, brokerage firm or
other nominee should contact such entity with any questions. The
official notice of the redemption is being sent today to record
holders of the Series B Preferred Shares.

    "Given the dividend yield of the Series B Preferred Shares, it
makes sense for us to redeem them at the earliest possible date," said
Dennis Gershenson, President and Chief Executive Officer. "The
redemption of these shares, as well as the redemption of the Series C
Preferred Shares in June of 2007, will have a positive impact on our
fixed charge coverage ratios."

    About Ramco-Gershenson Properties Trust

    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. The
Trust owns interests in 86 shopping centers totaling approximately
19.2 million square feet of gross leasable area in Michigan, Florida,
Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia,
South Carolina, North Carolina, and Maryland. For further information
on Ramco-Gershenson Properties Trust visit the Trust's website at
www.rgpt.com.

    This press release contains forward-looking statements with
respect to the operation of certain of the Trust's properties.
Management of Ramco-Gershenson believes the expectations reflected in
the forward-looking statements made in this press release 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 Trust's
properties are located, the performance of the Trust's tenants at the
Trust's properties and elsewhere and other factors discussed in the
Trust's reports filed with the Securities and Exchange Commission.

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