Bedford to Eye Sale, Strategic Options

Bedford Property Investors Inc., Lafayette, Calif., has announced that its board of trustees will undertake a strategic review of options that include the possible sale or merger of the company.The options also include selling certain properties and either reinvesting the proceeds in other properties or using them to pay dividends, Bedford reported. While the real estate investment trust is evaluating its strategic direction, it will suspend its previously announced search for a chief executive officer to succeed Peter Bedford, who plans to retire, the company said. The equity REIT can be found online at http://www.bedfordproperty.com.