HTG Heritage Property Investment

Heritage Property Investment Trust, Inc. Announces Third Quarter 2004 Common Stock Dividend BOSTON, Sept. 16 /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 September 30, 2004 of $.525 per share. This dividend is payable on October 15, 2004 to shareholders of record on September 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 June 30, 2004, Heritage had a shopping center portfolio of 163 centers, located in 29 states and totaling approximately 32.7 million square feet of total gross leasable area, of which 27.6 million square feet is company-owned gross leasable area. Heritage's shopping center portfolio was approximately 91.8% leased as of June 30, 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, +1-617-247-2200, ; or General Info, Claire Koeneman, +1-312-640-6745, or Analyst Info, Joe Calabrese, +1-212-445-8434, both of Financial Relations Board

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