Exhibit 10.1
    

    
      

      

      

      

      


    

    
      October 3, 2008
    

    
      

      KeyBank National Association, as Agent
1200 Abernathy Road, N.E.
Suite
      1550
Atlanta, Georgia  30328
Attention:  Mr. Daniel L.
      Silbert
    

    
    	
          Re:
        	
          Ramco-Gershenson Properties, L.P.
        
	

        	
          Unsecured Master Loan Agreement dated December 13, 2005 as amended
        


    

    
      

      Dear Dan,
    

    
      Pursuant to the provisions of Section 4.15 of the Unsecured Master Loan
      Agreement dated as of December 13, 2005, as amended, restated, extended,
      supplemented or otherwise modified from time to time (the “Loan
      Agreement”), among RAMCO-GERSHENSON PROPERTIES, L.P., a Delaware limited
      partnership (“Borrower”), RAMCO-GERSHENSON PROPERTIES TRUST, a Maryland
      real estate investment trust (the “Trust”) and KeyBank National
      Association, as a Bank and as Agent, and the other Banks from time to
      time party thereto, Borrower hereby requests and certifies as follows:
    

    
    	
           
        	
          1.
        	
          
            Extension Request. Borrower hereby irrevocably requests
            that the Revolving Credit Maturity Date be extended to December
            13, 2009.
          

        
	

        	

        	
           
        
	

        	
          2.
        	
          
            No Default. The undersigned chief financial or chief
            accounting officer of Borrower certifies that no Default or Event
            of Default has occurred and is continuing.
          

        
	

        	

        	
           
        
	

        	
          3.
        	
          
            Other Conditions. All other conditions to the extension to
            the Revolving Credit Maturity Date requested hereby set forth in
            Section 4.15 of the Loan Agreement have been satisified.
          

        
	

        	

        	
           
        
	

        	
          4.
        	
          
            Definitions. Terms defined in the Loan Agreement are used
            herein with the meanings so defined.
          

        


    

    

    

    
      
        

        

      

      
        

        

        
          


        

      

      
        

        

      

    

    
      

      

      

      

      

      October 3, 2008
KeyBank National Association, as Agent
Revolving
      Credit Maturity Date Extension Request
    

    
      In witness whereof, I have hereunto set my hand this 3rd day of October,
      2008.
    

    
    	
           
        	
          BORROWER:
        
	

        	
           
        	

        	

        
	

        	
          RAMCO-GERSHENSON PROPERTIES, L.P.,
        
	

        	
          A Delaware limited partnership, by its sole general partner
        
	

        	

        	

        	
           
        
	

        	
          
            By:      Ramco-Gershenson Properties Trust, a
          

        
	

        	
          Maryland real estate investment trust
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	

        	
          
            By:
          

        	
          
            /s/ Richard J. Smith
          

        
	

        	

        	
          
            Name:
          

        	
          
            Richard J. Smith
          

        
	

        	

        	
          
            Title:
          

        	
          
            Chief Financial Officer