The Real Deal Miami

Equity One cozies up to Ramco-Gershenson

March 26, 2009 11:05AM

North Miami Beach-based real estate investment trust Equity One wants a partnership or merger with Ramco-Gershenson Properties Trust, a Farmington Hills, Mich.-based real estate investment trust. RPT owns interests in 89 shopping centers in 13 states, including Florida. Equity One owns or has interest in 160 properties — 146 of which are shopping centers — in 10 states, including Florida. The bid was disclosed in a letter filed with the Securities and Exchange Commission.