Based in Farmington Hills, Michigan, ReapSo has developed a mobile application that offers loyal customers with rewards. ReapSo’s mobile application went live in January and they hit 500 customers in 3 weeks since launching. The ReapSo mobile application lets you scan unique QR codes placed on the website or physical location of a business to unlock a reward. …read more
Source: FULL ARTICLE at Forbes Latest
By Business Wirevia The Motley Fool
Filed under: Investing
Ramco-Gershenson Properties Announces Closing of Common Share Offering
FARMINGTON HILLS, Mich.–(BUSINESS WIRE)– Ramco-Gershenson Properties Trust (NYS: RPT) announced today the closing of its underwritten public offering of 8,050,000 newly issued common shares of beneficial interest priced at $15.55 per share, which included 1,050,000 common shares issued pursuant to the exercise of the underwriter’s option.
Ramco-Gershenson received approximately $122,103,000 in net proceeds from the offering after deducting the underwriting discount and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds of the offering to fund a portion of the consideration for the acquisition of 12 shopping centers from its Ramco/Lion LP joint venture, which was announced on March 11, 2013, as well as for general corporate purposes.
Deutsche Bank Securities acted as sole book-running manager for the transaction.
This offering is being made pursuant to an effective shelf registration statement and related prospectus and prospectus supplement filed by the Company with the Securities and Exchange Commission. Copies of the prospectus and prospectus supplement for this offering may be obtained by contacting Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by email at prospectus.cpdg@db.comprospectus.CPDG@db.com, or by calling (800) 503-4611.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Ramco-Gershenson Properties Trust
Ramco-Gershenson Properties Trust (NYS: RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company’s business is the ownership and management of multi-anchor shopping centers in strategic, quality of life markets throughout the Eastern, Midwestern and Central United States. At December 31, 2012, the Company owned interests in and managed a portfolio of 78 shopping centers and one office building with approximately 15.0 million square feet of gross leasable area owned by the Company or its joint ventures. The properties are located in Michigan, Florida, Ohio, Georgia, Missouri, Colorado, Wisconsin, Illinois, Indiana, New Jersey, Virginia, Maryland, and Tennessee. At December 31, 2012, the Company’s core operating portfolio was 94.6% leased. For additional information regarding Ramco-Gershenson Properties Trust visit the Company’s …read more
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
Ramco-Gershenson Properties Announces Pricing of Common Share Offering
FARMINGTON HILLS, Mich.–(BUSINESS WIRE)– Ramco-Gershenson Properties Trust (NYS: RPT) announced today that it priced an upsized public offering of 7,000,000 newly issued common shares of beneficial interest at a public offering price of $15.55 per share.
In connection with the offering, the Company has granted the underwriter a 30-day option to purchase up to an additional 1,050,000 common shares of beneficial interest. Subject to customary conditions, the offering is expected to close on March 18, 2013.
The Company intends to use the net proceeds of the offering to fund a portion of the consideration for the acquisition of 12 shopping centers from its Ramco/Lion LP joint venture, which was announced on March 11, 2013, as well as for general corporate purposes. The offering is not conditioned on the completion of the acquisition.
Deutsche Bank Securities is acting as sole book-running manager.
This offering is being made pursuant to an effective shelf registration statement and related prospectus and prospectus supplement filed by the Company with the Securities and Exchange Commission. When available, copies of the prospectus and prospectus supplement for this offering may be obtained by contacting Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by email at prospectus.cpdg@db.com, or by calling (800) 503-4611.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Ramco-Gershenson Properties Trust
Ramco-Gershenson Properties Trust (NYS: RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company’s business is the ownership and management of multi-anchor shopping centers in strategic, quality of life markets throughout the Eastern, Midwestern and Central United States. At December 31, 2012, the Company owned interests in and managed a portfolio of 78 shopping centers and one office building with approximately 15.0 million square feet of gross leasable area owned by the Company or its joint ventures. The properties are located in Michigan, Florida, Ohio, Georgia, Missouri, Colorado, Wisconsin, Illinois, Indiana, New Jersey, Virginia, Maryland, and Tennessee. …read more
Source: FULL ARTICLE at DailyFinance
