BED Bedford Property Inv

Bedford Property Investors, Inc. (NYSE:BED) announced today that its Board of Directors has declared a dividend of $0.51 per share for the second quarter of 2005, payable on July 15, 2005 to the holders of record of its Common Stock as of June 30, 2005. Bedford Property Investors is a self-administered equity real estate investment trust with investments in suburban office buildings and industrial properties concentrated in the western United States. It is traded on the New York Stock Exchange and the Pacific Exchange under the symbol "BED" and its web site is www.bedfordproperty.com.