Thomas Properties Group, Inc. Announces Second Quarter 2005 Dividend

    Business Editors

    LOS ANGELES--(BUSINESS WIRE)--May 6, 2005--Thomas Properties Group, Inc. (Nasdaq:TPGI), announced that its Board of Directors has declared its second quarter 2005 dividend of $0.06 per common share. The dividend will be paid on July 14, 2005 to shareholders of record as of June 30, 2005.

    About Thomas Properties Group, Inc.

    Thomas Properties Group, Inc. is a full-service real estate company that owns, acquires, develops and manages office, retail and multi-family properties throughout the United States. The company has four primary areas of focus: property operations, property acquisitions, property development and redevelopment, and investment management. For more information on Thomas Properties Group, Inc., visit the company's website at www.tpgre.com.

    Forward-Looking Statements

    Statements made in this press release that are not historical may contain forward-looking statements. Although TPGI believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, these statements are subject to numerous risks and uncertainties. Factors that could cause actual results to differ materially from TPGI's expectations include actual and perceived trends in various national and economic conditions that affect global and regional markets for commercial real estate services, including interest rates, the availability of credit to finance commercial real estate transactions, and the impact of tax laws affecting real estate. For a discussion of some of the factors that may cause our results to differ from management's expectations, see the information under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations - Factors That May Influence Results of Operations" in our prospectus dated October 6, 2004, which has been filed with the SEC. TPGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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CONTACT: Thomas Properties Group, Inc. Diana Laing, Chief Financial Officer, 213-613-1900 www.tpgre.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION BANKING DIVIDEND SOURCE: Thomas Properties Group, Inc.

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