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Photo Misleading

March 20, 1994

On Feb. 23, you published an article about the city of Oxnard's intention to file a tax lien on the Oxnard Town Center. I was terribly disappointed to see that your paper chose to include photographs of our property, 1000 Town Center. This is very misleading.

Bedford Property Investors recently purchased the building, all cash, and has reserved funds up front for any new leasing or capital improvements. All property taxes and bond assessments associated with the building are current.

The article refers to some nearby unimproved land parcels, in which we have no interest. Your publication no doubt chose our building to photograph due to its prominent appearance and proximity to the strawberry fields, which are the subject of the article. Rest assured, Bedford Property Investors has long-term plans for 1000 Town Center Drive.

PETER B. BEDFORD

Lafayette, CA

\o7 Peter Bedford is chief executive officer of Bedford Property Investors Inc. \f7

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