NORTHBROOK, Ill., March 29 /PRNewswire/ -- Bradley Real Estate, Inc.
(NYSE: BTR) announced that, commencing April 1 and until further notice,
there will be no discount from market value on shares purchased pursuant to
the optional cash investment feature under its Dividend Reinvestment and Stock
Purchase Plan ("the Plan").  In accordance with the Plan, the company may
adjust the discounts on investments from 0 percent to 3 percent below the
market value of its shares, and it may either issue such shares as original
issue or arrange for the Plan Agent to purchase shares on the open market.
    For further information regarding the Plan, investors may contact the
Plan Agent, EquiServe, at 888-697-7873, or the company's Investor Relations
department at 847-272-9800.
    Bradley Real Estate, Inc. is the nation's oldest real estate investment
trust and a leading owner and operator of neighborhood and community shopping
centers located in the Midwest region of the United States.  The company owns
98 properties located in 16 states, aggregating 15.8 million square feet of
rentable space.  The company's dividend payable March 31, 1999, will be its
151st consecutive quarterly distribution to its share owners.

Link to this page: