News RELEASE

Thomas Nelson Community College Renews and Expands to Take 31,702 SF at Hampton III

Hampton, VA -- March 22, 2005: On January, 17, Thomas Nelson Community College renewed 21,070 sq. ft. of space and expanded by an additional 10,632 square feet at Hampton III, a 44,153 office/industrial building in Hampton, VA. The 72% occupied property is owned and operated by KBS Realty Advisors (www.kbsrealty.com).

Founded in 1967, Thomas Nelson Community College (www.tncc.vccs.edu) is a two-year institution of higher education established as a part of Virginia's statewide system of community colleges and serving the counties of James City and York. The college is financed primarily by state funds, supplemented by contributions from the participating localities and the federal government.

"We are pleased to provide additional space to Thomas Nelson Community College," commented KBS Senior Vice President, Peter Potrykus. "The arrangement to provide additional space to the college worked out perfectly as our Hampton III building is located just outside their campus. We were also please with the efforts of Thomas Minton and Gary Randolph of CB Richard Ellis (www.cbre.com) who negotiated on our behalf."

KBS Realty Advisors is headquartered in Newport Beach, CA and currently has offices in San Francisco, Chicago, Boston and New York City. The company was founded in 1992, and has today become one of the nation's top real estate investment advisors, having acquired over $5 billion in commercial real estate since its inception. KBS specializes in domestic real estate investments on behalf of select private and public pension fund, endowment and foundation partners.