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): March
26, 2013 (March
25, 2013)
RAMCO-GERSHENSON
PROPERTIES TRUST
(Exact
name of registrant as specified in its Charter)
|
Maryland |
1-10093 |
13-6908486 |
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer 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:
⃞ 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 2.01 |
Completion of Acquisition or Disposition of Assets |
On March 25, 2013, Ramco-Gershenson Properties Trust, Inc. (RGPT) completed the acquisition of its partner’s 70% ownership interest in 12 shopping centers owned by CLPF-Ramco GP, LLC and CLPF-Ramco, L.P. for approximately $151.9 million in cash and the assumption of its partner’s pro-rata share of debt of approximately $104.9 million. RGPT now owns 100% of the shopping centers, which are located in Florida and Michigan.
The following table details the properties acquired:
| Property Name | Location |
Total
GLA |
Anchor Tenants (1) | ||||
| FLORIDA [8] | |||||||
| Cocoa Commons | Cocoa | 90,116 | Publix | ||||
| Cypress Point | Clearwater | 167,280 | Burlington Coat Factory, The Fresh Market | ||||
| Marketplace of Delray | Delray Beach | 238,901 | Office Depot, Ross Dress for Less, Winn-Dixie | ||||
| Mission Bay Plaza | Boca Raton | 263,721 | The Fresh Market, Golfsmith, LA Fitness Sports Club, OfficeMax, Toys "R" Us | ||||
| Treasure Coast Commons | Jensen Beach | 92,979 | Barnes & Noble, OfficeMax, Sports Authority | ||||
| Village Plaza | Lakeland | 146,755 | Big Lots | ||||
| Vista Plaza | Jensen Beach | 109,761 | Bed Bath & Beyond, Michaels, Total Wine & More | ||||
| West Broward Shopping Center | Plantation | 152,973 | Badcock, DD's Discounts, Save-A-Lot, US Postal Service | ||||
| MICHIGAN [4] | |||||||
| Hunter's Square | Farmington Hills | 354,323 | Bed Bath & Beyond, Buy Buy Baby, Loehmann's, Marshalls, T.J. Maxx | ||||
| The Shops at Old Orchard | West Bloomfield | 96,994 | Plum Market | ||||
| Troy Marketplace | Troy | 217,754 | Airtime Trampoline, Golfsmith, LA Fitness, Nordstrom Rack, PetSmart, (REI) | ||||
| Winchester Center | Rochester Hills | 314,575 | Bed Bath & Beyond, Dick's Sporting Goods, Marshalls, Michaels, PetSmart, (Kmart) | ||||
| Total | 2,246,132 | ||||||
|
(1) |
Anchor tenants are any tenant greater than or equal to 19,000 square feet. Tenants in parenthesis represent non-company owned gross leasable area ("GLA"). |
||||||
Financial statements required to comply with the rules and regulations of the SEC, including Rule 3-14 of Regulation S-X for the purchase and pro forma financial statements reflecting the effect of this purchase, were filed in a Form 8-K on March 11, 2013. The debt assumed in connection with this transaction was previously reported under item 2.03 of the March 11, 2013 Form 8-K.
|
Item 9.01 |
Financial Statements and Exhibits |
|
(d) |
Exhibits. |
|
| 99.1 | Press Release dated March 25, 2013. | |
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: | March 26, 2013 |
By: |
/s/ GREGORY R. ANDREWS |
|
Gregory R. Andrews |
|||
|
Chief Financial Officer and Secretary |
|||
EXHIBIT INDEX
|
Exhibit |
Description |
|
99.1 |
Press Release dated March 26, 2013. |
4