FARMINGTON HILLS, Mich., May 02, 2018 (GLOBE NEWSWIRE) -- RAMCO (NYSE:RPT) – a premier shopping center REIT – announced today the evolution of its corporate brand, marking the most dramatic change in its visual identity since the Company went public in 1996. The Company will now be identified as RAMCO in an iconic image that represents both the name and logo in its own designer color, majestic blue.
The new name and logo represents a modern and simple approach that connects the Company’s past with the promise of the future. Other changes include a new tagline (Envisioning the Future of Retail) and domain name (RAMCOproperties.com).
“As a public company over the past 22 years, we built a strong foundation in the shopping center industry,” said Dennis Gershenson, President and Chief Executive Officer. “With our recently announced leadership change, as well as our commitment to future success, it made sense to initiate a change in our brand identity that will carry the Company forward for years to come.”
“This exciting update to our brand allows us to redefine ourselves at the same time that retail is undergoing a significant transition,” said Dawn Hendershot, Senior Vice President of Investor Relations and Public Affairs. “We've kept familiar elements that reflect our heritage while emphasizing our forward-thinking mindset to drive value for our shareholders through a contemporary approach.”
RAMCO (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional town centers, urban-infill properties and neighborhood shopping centers primarily located in 15 of the 40 largest metropolitan markets in the United States. At December 31, 2017, RAMCO owned interests in and managed a portfolio of 56 shopping centers and three joint venture properties. At December 31, 2017, the Company's consolidated portfolio was 93.3% leased. RAMCO is a fully-integrated qualified REIT that is self-administered and self-managed. For additional information about the Company please visit www.RAMCOproperties.com or follow RAMCO on Twitter @RAMCOproperties and facebook.com/RAMCOproperties.rpt/.
This press release may contain forward-looking statements that represent the Company’s expectations and projections for the future. Management of RAMCO believes the expectations reflected in any forward-looking statements made in this press release are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary, including deterioration in national economic conditions, weakening of real estate markets, decreases in the availability of credit, increases in interest rates, adverse changes in the retail industry, our continuing ability to qualify as a REIT and other factors discussed in the Company’s reports filed with the Securities and Exchange Commission.
Dawn L. Hendershot, Senior Vice President of Investor Relations and Public Affairs
31500 Northwestern Highway, Suite 300
Farmington Hills, MI 48334