Heritage Property Investment Trust, Inc. Comments On Capital Raising Joint Venture Opportunities
July 15 2005 - 8:47AM
PR Newswire (US)
Heritage Property Investment Trust, Inc. Comments On Capital
Raising Joint Venture Opportunities BOSTON, July 15
/PRNewswire-FirstCall/ -- Heritage Property Investment Trust, Inc.
(NYSE:HTG) ("Heritage" or the "Company") confirmed that it is
exploring capital raising joint venture opportunities in the U.S.
and abroad involving an initial contribution of certain of its
existing assets and the funding of future shopping center
acquisitions. No agreement regarding any transaction has been
reached and there is no assurance that any transaction will be
consummated. The Company will comment further on, and respond to,
questions regarding a possible transaction only if and when a
definitive agreement is entered into and an announcement is made.
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/.
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 Analyst Info: Claire Koeneman,
+1-312-640-6745, or General Info: Joe Calabrese, +1-212-445-8434,
both of Financial Relations Board Web site:
http://www.heritagerealty.com/
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