In a release about the review process, Ramco-Gershensonexecutives say they will consider a wide range of options,including "potential financing and restructuring transactions,assets sales, and strategic transactions with third parties."

Already the REIT has been approached by interested third partiesabout possible transactions. Miami Beach, FL-based Equity One Inc.has sent a letter of interest, but Ramco-Gershenson's Board ofTrustees has decided to look into alternatives and not open thecompany's confidential information to Equity One at this time.

There is no timeline in place for the review process, butcompany officials say it will happen as "promptly as practicable."Once the review is complete, executives say they may opt not topursue any course of action, or go with one of the alternativesoutlined in the process. Further information about the process andoptions will not be released until the entire review process iscomplete.

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