Heritage Property Investment Trust, Inc. Announces First Quarter 2005 Common Stock Dividend BOSTON, March 15 /PRNewswire-FirstCall/ -- Heritage Property Investment Trust, Inc. (NYSE:HTG) ("Heritage" or the "Company") today reported that the Board of Directors of the Company has declared the regular quarterly dividend on its common stock for the quarter ending March 31, 2005 of $.525 per share. This dividend is payable on April 15, 2005 to shareholders of record on March 31, 2005. ABOUT HERITAGE PROPERTY INVESTMENT TRUST, INC. Heritage is a fully integrated, self-administered and self-managed REIT traded on the New York Stock Exchange under the symbol "HTG". Heritage is one of the largest owners and operators of neighborhood and community shopping centers in the United States. Heritage focuses on grocer-anchored shopping centers with multiple anchors. As of December 31, 2004, Heritage had a shopping center portfolio of 164 centers, located in 29 states and totaling approximately 33.7 million square feet of total gross leasable area, of which 28.0 million square feet is company-owned gross leasable area. Heritage's shopping center portfolio was approximately 93.3% leased as of December 31, 2004. Heritage is headquartered in Boston, Massachusetts and has an additional 16 regional offices located in the Eastern, Midwestern and Southwestern United States. DATASOURCE: Heritage Property Investment Trust, Inc. CONTACT: Patrick O'Sullivan, Vice President, Finance and Accounting of Heritage Property Investment Trust, Inc., +1-617-247-2200, ; or Claire Koeneman, (Analyst Info), +1-312-640-6745, or Joe Calabrese, (General Info), +1-212-827-3772, both of Financial Relations Board, for Heritage Property Investment Trust, Inc.

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