NEWTON, Mass.--(BUSINESS WIRE)--

HRPT Properties Trust (NYSE: HRP) announced today that it has priced an offering of $250 million of 6.25% unsecured Senior Notes due 2017 in an underwritten public offering. The settlement of this sale is expected to occur on June 25, 2007. HRPT intends to use the net proceeds of this offering to reduce amounts outstanding under its revolving credit facility.

The joint book-running managers for the offering were Wachovia Securities, Banc of America Securities LLC, and RBC Capital Markets. The co-lead managers for this offering were Merrill Lynch & Co., Morgan Stanley and UBS Investment Bank. The co-managing underwriters for this offering were: BMO Capital Markets; BNY Capital Markets, Inc.; Calyon Securities (USA); Comerica Securities; Ferris, Baker Watts Incorporated; Janney Montgomery Scott LLC; Morgan Keegan & Company, Inc.; Oppenheimer & Co.; Piper Jaffray; PNC Capital Markets LLC; RBS Greenwich Capital; SOCIETE GENERALE; Stifel Nicolaus; and SunTrust Robinson Humphrey.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Copies of the prospectus may be obtained from the offices of Wachovia Securities, 1525 W. WT Harris Blvd., Mail Code NC0675, Charlotte, NC 28262 - telephone 866-289-1262 or [email protected].

HRPT Properties Trust is a real estate investment trust, or REIT, which primarily owns office buildings located throughout the United States, as well as industrial lands located in Oahu, HI. HRPT is headquartered in Newton, Massachusetts.

Source: HRPT Properties Trust