NORTHBROOK, Ill., Dec. 7 /PRNewswire/ -- Bradley Real Estate, Inc.
(NYSE: BTR) today announced that it has amended and expanded its unsecured
revolving credit facility from $200 million to $250 million.  The credit
facility provides for an interest rate of 100 basis points over LIBOR,
contains a competitive bid feature and matures in December 2000.
    Commenting on the expanded facility, Irving E. Lingo, Jr., chief financial
officer, stated, "Expanding our credit facility provides us with additional
liquidity that enhances our financial flexibility and enables us to take
advantage of growth opportunities as we enter 1999.  The expansion also
exemplifies our banking group's confidence in Bradley Real Estate.  We have
negotiated the expansion with essentially no change in the underlying terms
and at the same competitive pricing."
    The unsecured facility is led by Bank One -- The First National Bank of
Chicago and co-agented by Bank of America, BankBoston and Fleet Bank.  Other
banks participating in the facility are AmSouth Bank, Comerica Bank, First
Union National Bank, Key Bank, LaSalle National Bank, Mellon Bank and US Bank.
    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 has
paid 149 consecutive quarterly distributions to its share owners, one of the
longest records of distributions among publicly traded REITs.  The company
owns 97 properties located in 16 states, aggregating 15.6 million square feet
in rentable space.

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