Exhibit 10.1
    

    
      SUPPORT AGREEMENT
    

    
      This SUPPORT AGREEMENT (this “Agreement”) is made and
      entered into as of May 12, 2009, by and among Equity One, Inc., a
      Maryland corporation (including its successors, “EQY”), and
      Ramco-Gershenson Properties Trust, a Maryland real estate investment
      trust (including its successors, “RPT”).
    

    
      WHEREAS, EQY beneficially owns a total of 1,790,000 common shares of
      beneficial interest, par value $0.01 per share, of RPT (the “Common
      Stock); and
    

    
      WHEREAS, RPT desires, among other matters, to nominate for election to
      the Board certain individuals designated by EQY at the 2009 annual
      meeting of RPT shareholders, which individuals have previously been
      recommended for election to the Board by the Nominating and Corporate
      Governance Committee of the Board.
    

    
      NOW, THEREFORE, in consideration of the premises, the mutual covenants
      and agreements contained herein and other good and valuable
      consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto agree as follows:
    

    
      Section 1.  Board Matters; Annual Meetings.
    

    
      (a)  Cessation of Proxy Soliciting Activities by EQY.  Effective
      as of the date hereof, EQY agrees to cease, and to cause all of its
      representatives acting on its behalf, affiliates (as defined in Rule
      12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange
      Act”)) (“Affiliates”), officers, and directors to
      cease, any and all activities relating to the solicitation of proxies
      with respect to matters to be voted on at RPT’s 2009 annual meeting of
      shareholders, currently scheduled to be held on June 10, 2009 (whenever
      so held, including any adjournments or continuations thereof, the “2009
      Annual Meeting”).  Specifically, EQY agrees not to, and to cause its
      Affiliates not to, (i) file definitive proxy materials with the
      Securities and Exchange Commission (“SEC”) in connection
      with the 2009 Annual Meeting, (ii) directly or indirectly solicit
      proxies from holders of Common Stock in connection with the 2009 Annual
      Meeting, and (iii) independently seek to nominate candidates for
      election as trustees of RPT at the 2009 Annual Meeting.  EQY hereby
      withdraws the notice submitted to RPT on April 9, 2009 in which it
      nominated David J. Nettina and Matthew L. Ostrower (together, the “EQY
      Nominees”) as nominees for election at the 2009 Annual Meeting,
      which withdrawal shall be effective as of the date hereof but subject to
      clause (g) below.  
    

    
      (b)  Appointment of EQY Nominees.  RPT agrees to
      convene a special meeting of the Board (or to obtain the unanimous
      written consent of the Board) prior to the 2009 Annual Meeting, at which
      meeting (or pursuant to which consent) the EQY Nominees shall be duly
      appointed to the Board in accordance with RPT’s bylaws and applicable
      law.  RPT does not presently intend to expand the size of the Board
      beyond nine (9) members prior to, or at, the 2009 Annual Meeting.
    

    
      (c)  Nomination of EQY Nominees.  In its definitive
      proxy materials to be filed with the SEC in connection with the 2009
      Annual Meeting and in all other proxy soliciting materials used in
      connection therewith, RPT agrees to include the EQY Nominees on the
      Board’s proposed slate of nominees for election as trustees at the 2009
      Annual Meeting, one for a three-year term and one for a two-year term,
      and to recommend that the shareholders of RPT vote to elect the EQY
      Nominees to such terms as trustees of RPT.  EQY shall promptly provide
      to RPT any information reasonably requested by RPT for inclusion in any
      filings with the SEC.
    

    
      
        

        

      

      
        

        

        
          


        

      

      
        

        

      

    

    
      (d)  Committee Appointments; Equal Treatment.  From and
      after the date of their appointment as trustees of RPT and for so long
      as either remains a trustee of RPT, subject to applicable law and New
      York Stock Exchange listing standards, RPT agrees to appoint one or both
      of the EQY Nominees to each of the Audit, Compensation and Nominating &
      Corporate Governance committees of the Board and such appointments shall
      be confirmed following the 2009 Annual Meeting.  RPT presently intends
      to evaluate strategic alternatives as a Board, and does not presently
      intend to create a new committee to evaluate strategic alternatives or
      to delegate such task to an existing committee (in either case, a
      “Strategic Alternatives Committee”).  However, if RPT does form a
      Strategic Alternatives Committee, the Board shall in good faith consider
      appointing one of the EQY Nominees to such committee, subject to the
      Board’s fiduciary obligations,  The EQY Nominees shall be entitled to
      all of the rights of, and treated identically to, any other
      non-management trustees of RPT unless otherwise agreed to in writing by
      the applicable EQY Nominee.
    

    
      (e)  2009 Annual Meeting.  RPT agrees that it will use
      its reasonable best efforts to ensure that the 2009 Annual Meeting is
      duly held on June 10, 2009, at such time and at such place as is
      reasonable and customary, consistent with past practice.
    

    
      (f)  Voting Agreement.  EQY and its Affiliates shall
      (i) vote at the 2009 Annual Meeting all shares of Common Stock which
      they beneficially own (as determined by Rule 13d-3 of the Exchange Act)
      as of the record date of the 2009 Annual Meeting in favor of, and
      support, the election of each of RPT’s trustee nominees at the 2009
      Annual Meeting, (ii) not support any trustee nominees at the 2009 Annual
      Meeting other than the RPT trustee nominees and (iii) not participate in
      any “withhold the vote” or similar campaign with respect to the 2009
      Annual Meeting, and, in the event of any such campaign, vote their
      shares in accordance with this paragraph.
    

    
      (g)  Mutual Compliance.  Notwithstanding anything
      herein to the contrary, each of EQY and RPT acknowledges and agrees
      that, as of any given date, the performance of any obligation specified
      in this Agreement as being applicable to a party is conditioned upon the
      absence of material bad faith non-compliance by the other party of the
      obligations specified herein to be performed by it as of such date.
    

    
      (h)  Press Release.  Immediately following the
      execution and delivery of this Agreement, the RPT and EQY shall issue
      the joint press release attached hereto as Exhibit A (the “Press
      Release”).  None of the parties hereto will make any public
      statements (including in any filing with the SEC or any other regulatory
      or governmental agency, including any stock exchange) that are
      inconsistent with, or otherwise contrary to, the statements in the Press
      Release issued pursuant to this Section 1(i) or the terms of this
      Agreement.
    

    
      
        

        

      

      
        
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      Section 2.  Miscellaneous.
    

    
      (a)  Representations.  Each of EQY and RPT hereby
      represents to the other that:
    

    
      (i)       it has all requisite authority and power to execute and
      deliver this Agreement and to perform its obligations hereunder; this
      Agreement has been duly and validly authorized by all required action on
      the part of such party and duly and validly executed and delivered by
      such party, constituting its valid and binding obligation, enforceable
      against such party in accordance with its terms; and
    

    
      (ii)      it has carefully read this Agreement, understands it, has
      consulted with and received the advice of counsel regarding this
      Agreement, agreed with its terms, and freely, voluntarily and knowingly
      executed it.
    

    
      (b)  This Agreement shall be binding upon and inure to the benefit of
      and be enforceable by the parties hereto and the respective successors
      and assigns of the parties hereto.  This Agreement contains the entire
      agreement between the parties with respect to the subject matter hereof
      and supersedes all prior and contemplated arrangements and
      understandings with respect thereto.  This Agreement may not be amended
      or modified except by an instrument in writing signed by each of the
      parties hereto.
    

    
      (c)  This Agreement may be signed in counterparts, each of which shall
      constitute an original and all of which together shall constitute one
      and the same agreement.  This Agreement may be executed by facsimile
      signature and a facsimile signature shall constitute an original for all
      purposes.
    

    
      (d)  This Agreement and the legal relations hereunder between the
      parties hereto shall be governed by and construed in accordance with the
      laws of the State of Maryland applicable to contracts made and performed
      therein, without giving effect to the principles of conflicts of law
      thereof.
    

    
      (e)  Whenever possible, each provision of this Agreement shall be
      interpreted in such manner as to be effective and valid, but if any
      provision of this Agreement is held to be invalid or unenforceable in
      any respect, such invalidity or unenforceability shall not render
      invalid or unenforceable any other provision of this Agreement.
    

    
      (f)  It is hereby agreed and acknowledged that it will be impossible to
      measure in money the damages that would be suffered if the parties fail
      to comply with any of the obligations herein imposed on them and that in
      the event of any such failure, an aggrieved party will be irreparably
      damaged and will not have an adequate remedy at law.  Any such party,
      therefore, shall be entitled to injunctive relief, including specific
      performance, to enforce such obligations, without the posting of any
      bond, and, if any action should be brought in equity to enforce any of
      the provisions of this Agreement, neither of the parties hereto shall
      raise the defense that there is an adequate remedy at law.
    

    
      (g)  No failure or delay of any party in exercising any right or remedy
      hereunder shall operate as a waiver thereof, nor shall any single or
      partial exercise of any such right or power, or any abandonment or
      discontinuance of steps to enforce such right or power, or any course of
      conduct, preclude any other or further exercise thereof or the exercise
      of any other right or power.  The rights and remedies of the parties
      hereunder are cumulative and are not exclusive of any rights or remedies
      which they would otherwise have hereunder.  Any agreement on the part of
      any of the parties to any such waiver shall be valid only if set forth
      in a written instrument executed and delivered by a duly authorized
      officer on behalf of such party.
    

    
      (h)  This Agreement is solely for the benefit of the parties hereto and
      is not enforceable by any other person.
    

    
      
        

        

      

      
        
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      IN WITNESS WHEREOF, the parties hereto have executed and delivered this
      Agreement as of the day and year first written above.
    

    
      

      


    

    
    	
           
        	
          RAMCO-GERSHENSON PROPERTIES TRUST
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          By:
        	
          /s/ Dennis Gershenson
        
	

        	

        	
          Name:
        	
          Dennis E. Gershenson
        
	

        	

        	
          Title:
        	
          Chairman, President and Chief Executive Officer
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          EQUITY ONE, INC.
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          By:
        	
          /s/ Arthur L. Gallagher
        
	

        	

        	
          Name:
        	
          Arthur L. Gallagher
        
	

        	

        	
          Title:
        	
          EVP, General Counsel & Sec.
        


    

    

    

    
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