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                                                                    EXHIBIT 99.1

                         [HEALTHCARE REALTY TRUST LOGO]

                                  NEWS RELEASE
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Contact: Timothy G. Wallace, Executive Vice President and Chief Financial
         Officer  (615) 269-8175

                        HEALTHCARE REALTY TRUST ANNOUNCES
                        SECOND QUARTER DIVIDEND INCREASE

  COMPANY REPORTS PREFERRED STOCK DIVIDEND AND THIRTY-SECOND CONSECUTIVE COMMON
                               DIVIDEND INCREASE

         NASHVILLE, Tennessee, July 24, 2001 -- Healthcare Realty Trust
Incorporated (NYSE:HR) today announced its thirty-second consecutive common
stock dividend increase for the quarter ended June 30, 2001. This dividend, in
the amount of $0.580 per share, represents an increase of $0.005 per share over
the dividend paid for the quarter ended March 31, 2001. The dividend is payable
on September 6, 2001 to shareholders of record on August 15, 2001. At this rate,
quarterly dividends approximate an annualized dividend payment of $2.32 per
share.

         Healthcare Realty Trust also announced a cash dividend of $0.55469 per
share for its 8 7/8% Series A Cumulative Preferred Stock. The dividend is
payable on August 31, 2001 to shareholders of record on August 15, 2001.

         Healthcare Realty Trust is a real estate investment trust that
integrates owning, managing and developing income-producing real estate
properties associated with the delivery of healthcare services throughout the
United States. The Company's portfolio is comprised of nine major facility
types, located in 32 states nationwide, and operated pursuant to contractual
arrangements with 66 healthcare providers. The Company has investments of
approximately $1.7 billion in 267 real estate properties or mortgages, totaling
almost twelve million square feet. The Company provides property management or
asset management services to more than ten million square feet nationwide.

     In addition to the historical information contained within, the matters
     discussed in this press release may contain forward-looking statements
      that involve risks and uncertainties. These risks are discussed in a
     10-K filed with the SEC by Healthcare Realty Trust for the year ended
      December 31, 2000. Forward-looking statements represent the Company's
         judgment as of the date of this release. The Company disclaims
               any obligation to update forward-looking material.

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