HTG Heritage Property Investment

Heritage Property Investment Trust, Inc. Announces Tax Reporting Information for 2004 Distributions BOSTON, Jan. 12 /PRNewswire-FirstCall/ -- Heritage Property Investment Trust, Inc. (NYSE:HTG) ("Heritage" or the "Company") announced today 2004 year-end tax reporting information as described in the chart below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Heritage's distributions. Record Payable Total Taxable Total Unrecaptured Nontaxable Date Date Distri- Ordinary Capital Section 1250 Return of bution Dividends Gain Gain Capital Per Distri- Share bution 3/31/04 4/15/04 $0.525 $0.385944 $0 $0 $0.139056 6/30/04 7/15/04 $0.525 $0.335260 $0.050684 $0.050684 $0.139056 9/30/04 10/15/04 $0.525 $0.365852 $0.020092 $0.010095 $0.139056 12/31/04 1/14/05 $0.525 $0.355572 $0.030373 $0.030374 $0.139056 Totals $2.10 $1.442628 $0.101149 $0.091153 $0.556223 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. DATASOURCE: Heritage Property Investment Trust, Inc. CONTACT: Patrick O'Sullivan, Vice President, Finance and Accounting, Heritage, +1-617-247-2200, ; Claire Koeneman, Analyst Info, +1-312-640-6745, Joe Calabrese, General Info, +1-212-445-8434, both of the Financial Relations Board, for Heritage

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