LAFAYETTE, CA-Bedford Property Investors Inc. is increasing its share repurchase program from 6 million shares to 8 million shares. Since the share repurchase program was initially authorized in late 1998, the company has repurchased a total of 5,685,122 shares.

Since spending the first quarter of 1999 below the $15 range, Bedford’s per share stock price has fluctuated in the $15 to $20 range. In afternoon trading Wednesday, the price stood at $20.875, a 52-week high that remains unchanged from Tuesday.

Bedford Property Investors is a suburban office and industrial REIT with a focus on the western United States. At last count, the company owned and operated 98 properties aggregating approximately 7.6 million rentable sf.

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