Heritage Property Investment Trust, Inc. Reports Registration Request of Largest Stockholder

Heritage Property Investment Trust, Inc. Reports Registration
Request of Largest Stockholder 


BOSTON, April 12  /PRNewswire-FirstCall/ -- Heritage Property Investment Trust,
Inc. (NYSE:HTG) ("Heritage" or the "Company"), today announced that Net Realty
Holding Trust, the Company's largest stockholder and a wholly owned subsidiary
of The New England Teamsters and Trucking Industry Pension Fund ("NETT"), has
requested that Heritage file a registration statement with the Securities and
Exchange Commission covering approximately 19.6 million shares of the Company,
representing all of the shares held by NETT. As of the date of this release,
NETT owns approximately 42% of the Company's outstanding common stock.

In response to NETT's request, the Company has agreed to file the requested
registration statement. NETT has informed the Company that NETT has been
advised that it should exercise its registration rights in order to enhance the
liquidity and valuation of its Heritage shares and to facilitate any future
sales of the shares. NETT has also indicated that it has no present intention
to sell any Company shares at current trading prices.

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.

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 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,

Heritage Property Investment Trust, Inc., [phone],

; Analysts: Claire Koeneman, [phone], or

General Info: Joe Calabrese, [phone], both of Financial Relations

Board, for Heritage Property Investment Trust, Inc.

Copyright