Heritage Property Investment Trust, Inc. to Release Second Quarter 2006 Financial Results on Wednesday August 9, 2006

BOSTON, Aug. 3  /PRNewswire-FirstCall/ -- Heritage Property Investment Trust, Inc. (NYSE:HTG) ("Heritage" or the "Company") will release its second quarter 2006 earnings on Wednesday, August 9, 2006 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/.  In light of its pending transaction with Centro Properties Group the Company will not hold its regularly scheduled earnings conference call.

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.  Heritage is headquartered in Boston Massachusetts and has an additional 16 regional offices located in the Eastern, Midwestern and Southwestern United States.  For more information about Heritage, please refer to Heritage's website, http://www.heritagerealty.com/ .

Heritage is headquartered in Boston, Massachusetts and has an additional 16 regional offices located in the Eastern, Midwestern and Southwestern United States.

Additional Information

This communication is a result of a proposed merger transaction involving Heritage Property Investment Trust, Inc. and affiliates of Centro Properties Group.  In connection with the transaction, Heritage will file a definitive proxy statement with the SEC.  Stockholders are urged to read the definitive proxy statement carefully and in its entirety when it becomes available because it will contain important information about the proposed transaction.

The final proxy statement will be mailed to Heritage stockholders.  In addition, the definitive proxy statement and other documents will be available free of charge at the SEC's Internet Web site, http://www.sec.gov/.  When available, the definitive proxy statement and other pertinent documents also may be obtained for free at Heritage's Web site, http://www.heritagerealty.com/.

Heritage and its directors and officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect to the proposed transactions. Information regarding Heritage's directors and executive officers is detailed in its proxy statements and annual reports on Form 10-K, previously filed with the SEC, and the definitive proxy statement relating to the proposed transactions, when it becomes available. 

DATASOURCE: Heritage Property Investment Trust, Inc.



CONTACT:  Patrick O'Sullivan, Vice President, Finance and Accounting,

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

; Investors - -Claire Koeneman, [phone]

Joe Calabrese, [phone], both of Financial Relations Board



Web site:  http://www.heritagerealty.com/ 

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