HTG Heritage Property Investment

Heritage Property Investment Trust, Inc. to Release Fourth Quarter 2004 Financial Results on Tuesday February 22, 2005, Conference Call on Wednesday February 23, 2005 BOSTON, Jan. 11 /PRNewswire-FirstCall/ -- Heritage Property Investment Trust, Inc. (NYSE:HTG) ("Heritage" or the "Company") will release its fourth quarter 2004 earnings on Tuesday, February 22, 2005 after the market closes. The Company's earnings press release and supplemental operating and financial data package will be posted on the Company's investor relations section of its web site at http://www.heritagerealty.com/ . Members of Heritage's senior management will host a conference call on Wednesday, February 23, 2005, at 10:00 a.m., ET, to discuss the Company's fourth quarter results. Stockholders, analysts and other interested parties may participate in this conference call by dialing 800-218-0204 or 303-262- 2075 at least five minutes before the scheduled start time. Investors can also access the call via the Internet at the Company's website, http://www.heritagerealty.com/ . To listen to a live broadcast, access this site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software. A replay of the conference call will be available after the call through March 2, 2005 by accessing the Company's website at http://www.heritagerealty.com/ or by dialing 800-405-2236 or 303-590-3000, pass-code 11021264. 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 September 30, 2004, Heritage had a shopping center portfolio of 164 centers, located in 29 states and totaling approximately 33.2 million square feet of total gross leasable area, of which 27.9 million square feet is company-owned gross leasable area. Heritage's shopping center portfolio was approximately 92.1% leased as of September 30, 2004. Heritage is headquartered in Boston Massachusetts and has an additional 16 regional offices located in the Eastern, Midwestern and Southwestern United States. Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements reflect the Company's current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause the Company's actual results to differ significantly from those expressed in any forward-looking statement. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could materially affect actual results. The factors that could cause actual results to differ materially from current expectations include financial performance and operations of the Company's shopping centers, including the Company's tenants, real estate conditions, current and future bankruptcies of the Company's tenants, execution of shopping center redevelopment programs, the Company's ability to finance the Company's operations, successful completion of renovations, completion of pending acquisitions, the availability of additional acquisitions, execution of joint venture opportunities, changes in economic, business, competitive market, leasing and regulatory conditions, acts of terrorism or war and other risks detailed from time to time in filings with the Securities and Exchange Commission. The forward-looking statements contained herein represent the Company's judgment as of the date of this release, and the Company cautions readers not to place undue reliance on such statements. 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 Claire Koeneman, Analyst Info, +1-312-640-6745, or Joe Calabrese, General Info, +1-212-827-3772, both of Financial Relations Board Web site: http://www.heritagerealty.com/

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