Ramco-Gershenson Properties Trust, Southfield, Mich., has reported the completion of a public offering of 2.15 million shares of common stock at a net price (after the underwriting discount) of $23.65 per share.The real estate investment trust estimated that the proceeds of the sale will total about $50.65 million, which will be used to pay down balances under its secured and unsecured credit facilities. The shopping center REIT can be found on the Web at http://www.ramcogershenson.com.
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