operates as a fully integrated, self-administered and self-managed real estate investment trust (REIT). It engages in real estates ownership and management of retail properties.
As of June 30, 2004, the company owned 163 community and neighborhood shopping centers in the United States.
The company has elected to be taxed as a REIT under the Internal Revenue Code.
As a REIT, the company would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to its shareholders.
Heritage was formed in 1999 and is headquartered in Boston, Massachusetts.
