Heritage Property Investment Trust, Inc. Reports Registration Request of Largest Stockholder
13 4월 2005 - 6:05AM
PR Newswire (US)
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.,
+1-617-247-2200, ; Analysts: Claire Koeneman, +1-312-640-6745, or
General Info: Joe Calabrese, +1-212-827-3772, both of Financial
Relations Board, for Heritage Property Investment Trust, Inc.
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