NEWTON, Mass.--(BUSINESS WIRE)-- HRPT Properties Trust (NYSE: HRP) today announced that it has priced an underwritten public offering of $125 million of 7.50% unsecured Senior Notes due 2019. The underwriters have also been granted a 30-day option to purchase up to an additional $18.75 million of the Senior Notes to cover over allotments, if any.

The settlement of this sale is expected to occur on November 25, 2009. HRP intends to use the net proceeds of this offering to reduce amounts outstanding under its revolving credit facility.

The joint book-running managers for this offering were Banc of America Securities LLC, Morgan Stanley & Co. Incorporated and Wells Fargo Securities, LLC. The co-lead managers for this offering were UBS Securities LLC, Morgan Keegan & Company, Inc., and RBC Capital Markets Corporation. The co-managing underwriters for this offering were Janney Montgomery Scott LLC and Oppenheimer & Co. Inc.

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 supplement and the accompanying prospectus may be obtained from the offices of Banc of America Securities LLC, 100 W. 33rd Street, 3rd Floor, New York, NY 10001, Attention: Prospectus Department, (800) 294-1322, from the office of Morgan Stanley & Co. Incorporated, 180 Varick St., 2^nd Floor, New York, NY 10014, Attention: Prospectus Department or by email at [email protected], or from the offices of Wells Fargo Securities, LLC, Attention: Transaction Management, 301 S. College St., Charlotte, NC, at (800) 326-5897 or email a request to [email protected].

HRPT Properties Trust is a real estate investment trust, or REIT, which primarily owns office and industrial buildings located throughout the United States. As of November 18, 2009, HRP owned 517 operating properties with 66.8 million square feet, including approximately 17.9 million square feet of leased industrial and commercial lands in Oahu, Hawaii. HRP is headquartered in Newton, MA.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND THE FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON HRP'S PRESENT EXPECTATIONS, BUT THESE STATEMENTS AND THE IMPLICATIONS OF THESE STATEMENTS MAY NOT OCCUR. FOR EXAMPLE,

THIS PRESS RELEASE STATES THAT THE SETTLEMENT OF THE SALE OF SENIOR NOTES IS EXPECTED TO OCCUR ON NOVEMBER 25, 2009. IN FACT, THE SETTLEMENT OF THIS OFFERING IS SUBJECT TO VARIOUS CONDITIONS AND CONTINGENCIES AS ARE CUSTOMARY IN UNDERWRITING AGREEMENTS IN THE UNITED STATES. IF THESE CONDITIONS ARE NOT SATISFIED OR THE SPECIFIED CONTINGENCIES OCCUR, THIS OFFERING MAY NOT CLOSE.

THIS PRESS RELEASE STATES THAT THE UNDERWRITERS HAVE BEEN GRANTED AN OPTION TO PURCHASE UP TO AN ADDITIONAL $18.75 MILLION OF SENIOR NOTES TO COVER OVER ALLOTMENTS, IF ANY. AN IMPLICATION OF THIS STATEMENT MAY BE THAT THIS OPTION MAY BE EXERCISED IN WHOLE OR IN PART. IN FACT, HRP DOES NOT KNOW WHETHER THIS OPTION, OR ANY PART OF IT, WILL BE EXERCISED, AND THE UNDERWRITERS MAY NOT DO SO.

FOR THESE REASONS, AMONG OTHERS, INVESTORS SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange. No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

    Source: HRPT Properties Trust