BED Bedford Property Inv

Bedford Property Investors, Inc. (NYSE:BED) announced today that its Board of Directors has declared a dividend of $0.21 per share for the first quarter of 2006, payable on April 17, 2006 to the holders of record of its Common Stock as of March 31, 2006. 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.