News RELEASE

KBS Realty Advisors Announces $29.6 Million Acquisition of 625 Mount Auburn in Cambridge, MA

Acquisition boosts investment advisors’ regional Boston portfolio to 1.3 million square feet

Cambridge, MA – January 12, 2007:  KBS Realty Advisors has announced the acquisition of 625 Mount Auburn in Cambridge, MA for $29.6 million. The property is a 133,731-square-foot Class A office building located in the West Cambridge submarket of Boston. The three-story building boasts an ideal location approximately 1.25 miles west of Harvard Square. The purchase -boosts KBS Realty Advisors’ regional Boston-based portfolio to approximately 1.3 million square feet. The investment advisor has been active in the region for over 12 years.

Gary Lemire of CB Richard Ellis’ New England office represented the seller in the transaction; KBS Realty Advisors represented itself.

“As one of the best office properties in West Cambridge, 625 Mount Auburn is poised to benefit from rent increases that will result from the growth within the immediate area as well as spill over demand from East Cambridge,” commented KBS Senior Vice President, Shannon W. Hill. “It is also currently 96 percent leased and we anticipate reaching full occupancy shortly.”

The property offers direct bus access to amenities in nearby Harvard Square, including the MBTA commuter rail line. The site also is in close proximity to Route 2, Fresh Pond Parkway and the Massachusetts Turnpike interchange.

KBS Realty owns six other assets in the Boston metropolitan region. These include 80 Central in Boxborough, One Research Drive in Westborough, Westboro Executive Park in Westborough, 725 Concord Ave. in Cambridge, the nine building Nagog Office Park in Acton and 825 University in Norwood. While KBS Realty Advisors has owned properties in the Boston area for over twelve years, 825 University was purchased for the recently formed KBS REIT.

About KBS Realty Advisors
Founded by Peter Bren and Chuck Schreiber in 1992 as a private equity real estate company, KBS Realty Advisors is a SEC registered investment advisor. KBS invests in, manages and sells high quality U.S. commercial real estate assets for institutional, corporate and private investors. Since the company was formed, KBS has created 18 separate accounts and six commingled funds. In addition, KBS has formed a publicly offered, non-traded real estate investment trust. For more information, visit www.kbsrealty.com.