NORTHBROOK, Ill., May 13 /PRNewswire/ -- The Board of Directors of Bradley
Real Estate, Inc. (NYSE: BTR) today declared a regular quarterly cash dividend
on its common stock of $0.37 per share and a regular quarterly cash dividend
on its Series A Preferred Stock of $0.525 per share.  Both classes of
dividends are payable on June 30, 1999, to share owners of record on June 10,
1999.  This common stock dividend payment represents the company's 152nd
consecutive quarterly dividend payment to its common share owners, the longest
record of consecutive distributions of any public REIT.
    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.

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