SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
RULE 13D-101
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(A)
(AMENDMENT NO. 2)[1]
Ramco-Gershenson Properties Trust
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(Name of Issuer)
Common Shares of Beneficial Interest,
par value $0.01 per share
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(Title of Class of Securities)
75145220
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(CUSIP Number)
Christopher L. O'Dell
Morgan Stanley
1221 Avenue of the Americas
New York, New York 10020
(212) 761-4000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 20, 2002
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(page 1 of 12 pages)
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1 The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP NO. 75145220 SCHEDULE 13D PAGE 2 OF 12
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Dean Witter & Co.
36-3145972
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)|_| (b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) |_|
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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7 SOLE VOTING POWER
0
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 7,400
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
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10 SHARED DISPOSITIVE POWER
7,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,400
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
00.104%
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14 TYPE OF REPORTING PERSON*
CO, HC
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* See Instructions Before Filling Out!
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CUSIP NO. 75145220 SCHEDULE 13D PAGE 3 OF 12
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Investment Management Inc.
13-3040307
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)|_| (b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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7 SOLE VOTING POWER
0
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 7,400
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
7,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,400
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
00.104%
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14 TYPE OF REPORTING PERSON*
IA, CO
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* See Instructions Before Filling Out!
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CUSIP NO. 75145220 SCHEDULE 13D PAGE 4 OF 12
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MS Real Estate Special Situations, Inc.
13-3962641
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)|_| (b)|X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)
|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
The state of organization is Delaware.
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7 SOLE VOTING POWER
0
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
IA, CO
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* See Instructions Before Filling Out!
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CUSIP NO. 75145220 SCHEDULE 13D PAGE 5 OF 12
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ITEM 1. SECURITY AND ISSUER.
This Amendment No. 2 to Schedule 13D amends and supplements the Schedule
13D Amendment No. 1 dated March 19, 2002 which was filed with the Securities and
Exchange Commission ("SEC") on behalf of Morgan Stanley Dean Witter & Co.
("MSDW"), Morgan Stanley Investment Management Inc. ("MSIM") and MS Real Estate
Special Situations, Inc. ("MSRESSI"). This Amendment No. 2 reflects the
transaction described in Item 4 below, as it relates to MSDW, MSIM and MSRESSI
(MSRESSI, together with MSDW and MSIM, the "Reporting Persons").
The class of equity securities to which this statement relates is the
common shares of beneficial interest, $.01 par value per share ("Common
Shares"), of Ramco-Gershenson Properties Trust, a Maryland real estate
investment trust (together with its predecessors, the "Issuer"). The principal
executive offices of the Issuer are located at 27600 Northwestern Highway, Suite
200, Southfield, Michigan.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 is hereby amended and supplemented by adding the following:
(a) This Schedule 13D is being filed jointly on behalf of the following
persons (collectively, the "Reporting Persons"):
(1) Morgan Stanley Dean Witter & Co., a Delaware corporation;
(2) Morgan Stanley Investment Management Inc., a Delaware
corporation; and
(3) MS Real Estate Special Situations, Inc., a Delaware
corporation.
(c) Set forth in Schedule A is the name, citizenship, business or
residence address and present principal occupation or employment, as well as the
name and address of any corporation or other organization in which such
occupation or employment is conducted, of each of the directors and executive
officers of MSDW, as of the date hereof.
Set forth in Schedule B is the name, citizenship, business or residence
address and present principal occupation or employment, as well as the name,
principal business and address of any corporation or other organization in which
such occupation or employment is conducted, of each of the directors and
executive officers of MSIM, as of the date hereof.
Set forth in Schedule C is the name, citizenship, business or residence
address and present principal occupation or employment, as well as the name,
principal business and
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CUSIP NO. 75145220 SCHEDULE 13D PAGE 6 OF 12
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address of any corporation or other organization in which such occupation or
employment is conducted, of each of the directors and executive officers of
MSRESSI, as of the date hereof.
(d) None of the Reporting Persons, nor, to the knowledge of the Reporting
Persons, any of the other persons listed on Schedules A, B and C attached
hereto, has been convicted in a criminal proceeding in the past five years
(excluding traffic violations or similar misdemeanors).
(e) During the past five years, none of the Reporting Persons, nor, to the
knowledge of the Reporting Persons, any of the other persons listed on Schedules
A, B and C attached hereto, was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which such person
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws. ITEM
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended and supplemented by adding the following:
(a) The purpose of this filing is to report that the Reporting Persons
have ceased to be beneficial owners of more than 5% of the Common Shares. On
March 14, 2002 the Issuer, MSRESSI and the selling shareholders entered into a
Stock Redemption Agreement ("Agreement") by which the Issuer would redeem from
MSRESSI and the other selling shareholders 1,200,000 shares of Series A
Convertible Preferred Shares ("Preferred Shares"), par value $0.01 per share
(representing 1,714,286 Common Shares) for $22.1429 per share, subject to market
price adjustments and other conditions described in the Agreement attached as
Exhibit 7. On May 20, 2002, the selling shareholders tendered shares
certificates representing 1,200,000 Preferred Shares to the Issuer in exchange
for payment in full therefor, $26,571,428.57 in the aggregate. As a consequence,
as of May 20, 2002, MSDW, MSIM and MSRESSI ceased to be reporting Persons for
the purpose of Rule 13d-1.
Except as described above, as of the date of this Amendment No. 2 to
Schedule 13D, the Reporting Persons have no present plans or proposals of a type
requiring disclosure under Item 4 of Schedule 13D.
MSDW is filing solely in its capacity as parent company and indirect
beneficial owner of securities held by its business units.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and supplemented by adding the following:
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CUSIP NO. 75145220 SCHEDULE 13D PAGE 7 OF 12
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As of the date of this filing, MSDW and MSRESSI, for the purpose of Rule
13d-3 promulgated under the Exchange Act, beneficially own 7,400 Common Shares
representing approximately 00.104% of the outstanding Shares (based on 7,088,926
Common Shares reported by the Company as outstanding on March 13, 2002 in its
report on Form 10-K for the fiscal year ended December 31, 2001);
The response to Item 4 is incorporated herein by reference.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Item 6 is hereby amended and supplemented by adding the following:
The response to Item 4 is incorporated herein by reference.
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CUSIP NO. 75145220 SCHEDULE 13D PAGE 8 OF 12
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SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: May 23, 2002
MORGAN STANLEY DEAN WITTER & CO.
By: /s/ Peter R. Vogelsang
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Peter R. Vogelsang
Authorized Signatory
MORGAN STANLEY INVESTMENT MANAGEMENT INC.
By: /s/ Richard A. Schultz
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Richard A. Schultz
Authorized Signatory
MS REAL ESTATE SPECIAL SITUATIONS, INC.
By: /s/ Richard A. Schultz
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Richard A. Schultz
Vice President
SCHEDULE A
EXECUTIVE OFFICERS AND DIRECTORS OF
MORGAN STANLEY DEAN WITTER & CO.
The names of the Directors and the names and titles of the Executive
Officers of Morgan Stanley Dean Witter & Co. ("MSDW") and their business
addresses and principal occupations are set forth below. If no address is given,
the Director's or Executive Officer's business address is that of MSDW at 1585
Broadway, New York, New York 10036. Unless otherwise indicated, each occupation
set forth opposite an individual's name refers to MSDW and each individual is a
United States citizen.
NAME PRESENT PRINCIPAL OCCUPATION
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* Philip J. Purcell Chairman of the Board and Chief
Executive Officer
* Robert G. Scott President and Chief Operating Officer
* Robert P. Bauman Retired; former Chief Executive Officer
Invensys plc of SmithKline Beecham plc
Invensys House, Carlisle Place
London SW1P 1BX, ENGLAND
* Edward A. Brennan Retired; former Chairman of the Board,
400 North Michigan Avenue, President and Chief Executive Officer of
Suite 400 Sears, Roebuck and Co.
Chicago, IL 60611
* John E. Jacob Executive Vice President and Chief
Anheuser-Busch Companies, Inc. Communication Officer of Anheuser-Busch
One Busch Place Companies, Inc.
St. Louis, MO 63118
* C. Robert Kidder Chairman of the Board and Chief
Borden, Inc. Executive Officer of Borden, Inc.
180 East Broad St.
Columbus, OH 43215
* Charles F. Knight Chairman of Emerson Electric Co.
Emerson Electric Co.
8000 West Florissant
St. Louis, MO 63136
* John W. Madigan Chairman, President and Chief Executive
Tribune Company Officer of Tribune Company
435 North Michigan Avenue,
Suite 2300
Chicago, IL 60611
SCHEDULE A
NAME PRESENT PRINCIPAL OCCUPATION
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* Miles L. Marsh Former Chairman of the Board and Chief
W.H. Clark & Associates Executive Officer of Fort James
20 S. Clark St, Suite 2222 Corporation
Chicago, IL 60603
* Michael A. Miles Special Limited Partner of Forstmann
1350 Lake Road Little and Co.
Lake Forest, IL 60045
* Laura D'Andrea Tyson Dean of the London Business School
London Business School
Sussex Place, Regents Park
London NW1 4SA, England
Stephen S. Crawford Executive Vice President and Chief
Financial Officer
Roger C. Hochschild Executive Vice President and Chief
Strategic and Administrative Officer
Donald G. Kempf, Jr. Executive Vice President, Chief Legal
Officer & Secretary
Tarek F. Abdel-Meguid Head of Worldwide Investment Banking
Zoe Cruz Head of Worldwide Fixed Income Division
John P. Havens Head of Worldwide Institutional Equities
Group
Mitchell M. Merin President and COO, Asset Management
David W. Nelms President and COO, Discover Financial
Services
Stephan F. Newhouse Co-President and COO, Institutional
Securities Group
Vikram S. Pandit Co-President and COO, Institutional
Securities Group
Joseph R. Perella Chairman of Institutional Securities
Group
John H. Schaefer President and COO, Individual Investor
Group
* Director
SCHEDULE B
EXECUTIVE OFFICERS AND DIRECTORS OF
MORGAN STANLEY INVESTMENT MANAGEMENT INC.
The names of the Directors and the names and titles of the Executive
Officers of Morgan Stanley Investment Management Inc. ("MSIM") and their
business addresses and principal occupations are set forth below. If no address
is given, the Director's or Executive Officer's business address is that of MSIM
at 1221 Avenue of the Americas, New York, New York 10020. Unless otherwise
indicated, each occupation set forth opposite an individual's name refers to
MSIM and each individual is a United States citizen.
NAME PRESENT PRINCIPAL OCCUPATION
--------------------------------- ------------------------------------------
* Barton M. Biggs Chairman and Managing Director
* Mitchell M. Merin President & Managing Director
Joseph J. McAlinden Chief Investment Officer
Rajesh K. Gupta Chief Administrative Officer--Investments
Ronald E. Robison Chief Operations Officer and Managing
Director
Arthur J. Lev General Counsel, Principal and Secretary
Alexander C. Frank Treasurer
* Director
SCHEDULE C
EXECUTIVE OFFICERS AND DIRECTORS OF
MS REAL ESTATE SPECIAL SITUATIONS, INC.
The names of the Directors and the names and titles of the Executive
Officers of MS Real Estate Special Situations, Inc. ("MSRESSI") and their
business addresses and principal occupations are set forth below. If no address
is given, the Director's or Executive Officer's business address is that of
MSRESSI at 1585 Broadway, New York, New York 10036. Unless otherwise indicated,
each occupation set forth opposite an individual's name refers to MSRESSI and
each individual is a United States citizen.
NAME PRESENT PRINCIPAL OCCUPATION
---------------------------------- ------------------------------------------
* Owen D. Thomas Chairman of the Board of MSRESSI and
Managing Director of Morgan Stanley &
Co. Incorporated
* John Timothy Morris President of MSRESSI and Managing
Director of Morgan Stanley & Co.
Incorporated
Michael E. Foster Vice President of MSRESSI and Managing
Director of Morgan Stanley & Co.
Incorporated
Jeffrey K. Gronning Vice President of MSRESSI and Executive
Director of Morgan Stanley & Co.
Incorporated
Richard A. Schultz Vice President of MSRESSI and Morgan
Stanley & Co. Incorporated
Christopher L. O'Dell Vice President and Secretary of MSRESSI
and Vice President of Morgan Stanley &
Co. Incorporated
* Director