HTG Heritage Property Investment

Heritage Property Investment Trust, Inc. Announces Second Quarter 2004 Common Stock Dividend BOSTON, June 14 /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 June 30, 2004 of $.525 per share. This dividend is payable on July 15, 2004 to shareholders of record on June 30, 2004. 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 March 31, 2004, Heritage had a shopping center portfolio of 162 centers, located in 29 states and totaling approximately 32.7 million square feet of total gross leasable area, of which 27.5 million square feet is company-owned gross leasable area. Heritage's shopping center portfolio was approximately 91.2% leased as of March 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 ; or Analysts, Claire Koeneman, +1-312-640-6745, or General, Joe Calabrese, +1-212-445-8434, both of Financial Relations Board, both for Heritage Property Investment Trust, Inc.

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