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Burnham Pacific Announces Second Quarter 1999 Dividend

    SAN DIEGO, May 19 /PRNewswire/ -- Burnham Pacific Properties, Inc.
(NYSE: BPP), today announced it will pay a regular second quarter dividend of
$0.2625 per share.  The dividend will be payable June 30, 1999 to shareholders
of record on June 23, 1999 and represents the 133rd consecutive dividend paid
by the Company.
    Burnham Pacific is a real estate investment trust (REIT) that focuses on
value-added retail real estate opportunities throughout the United States.
The Company makes available on a quarterly basis supplemental information that
includes property and corporate level detail which is available upon request.
More information on Burnham Pacific may be obtained by calling 800-462-5181,
or visiting the Company's web site at http://www.burnhampacific.com.

    This news release contains forward-looking statements regarding future
events or financial performance of the Company.  These statements are only
predictions and actual events or results may differ materially.  Investors
should refer to the documents the Company files from time to time with the
Securities and Exchange Commission, specifically the cautionary statement
identifying certain factors that could affect future results included in the
"Risk Factors" section of the Company's most recently filed Registration
Statement and in the "Forward Looking Statements & Certain Risk Factors"
section of the Company's most recently filed Form 10K.


SOURCE Burnham Pacific Properties, Inc.




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Related links:
  • http://www.burnhampacific.com
    CONTACT:
    Daniel B. Platt, Chief Financial Officer of
    Burnham Pacific, 619-652-4700, fax, 619-652-4711,
    dbplatt@bpac.com