RPT Realty is a real estate investment trust that owns and operates open-air shopping centers. As of December 31, 2022, the company owns 44 wholly owned shopping centers, 13 shopping centers owned through its grocery anchored joint venture, and 48 retail properties owned through its net lease joint venture comprising 15 million square feet. In 2024, the company was acquired by Kimco Realty.[1] The company was formerly known as RAMCO Properties Trust and Ramco-Gershenson Properties Trust.
History
In 1955, Aaron & William Gershenson founded A & W Management Company.[2]
In 1975, William Gershenson's four sons, Joel, Dennis, Richard, and Bruce Alan, along with Mike Ward, founded Ramco Gershenson, with each partner responsible for a different division of the Company.[2][3] In the late 1970s and early 1980s, the company developed 35