News RELEASE

185,000 SF Lease Second Largest in Boulder County History

Longmont, CO -- March 25, 2004: KBS Realty Advisors (www.kbsrealty.com) announced today that it has executed what is reportedly the second largest office lease transaction in Boulder County history. The 185,266 sq. ft. lease was signed with satellite imagery leader, DigitalGlobe® at the Boulder County Business Center, a 547,149 SF office/warehouse property owned by the investment advisory firm. The lease carries with it an estimated value of approximately $22 million. Located in Longmont, Colorado, Boulder County Business Center has now reportedly executed the two largest office lease transactions in Boulder County history. The reported largest office lease transaction in County history is the 276,928 sq. ft. lease executed in May 2001 with Intrado (Nasdaq: TRDO), the nation's leading 9-1-1 data management, systems and services provider. StorageTek (NYSE: STK), a leading information storage and network product solutions provider, rounds out the tenant base at the 90.19% leased Business Center.

"To say that we are pleased to be selected as the home for DigitalGlobe's® headquarters would be an understatement," commented KBS Senior Vice President, Samuel DePoy. "We are proud to add a tenant of this caliber to our already strong tenant mix. We are equally proud of the services that our tenants provide to our country."

KBS was represented by Doug Bakke and Frank Kelley of CB Richard Ellis (www.cbre.com). DigitalGlobe® was represented by Chuck McKenney, Alex Hammerstein, Phillip Infelise and John Hammett of Cresa Partners (www.cresapartners.com). "The cooperation between the two parties in this large and complicated transaction is a tribute to the professionalism of all involved." Mr. DePoy went on to say.

DigitalGlobe® (www.digitalglobe.com) is recognized worldwide as a leading provider of the highest resolution commercial satellite imagery of the earth available commercially.

Headquartered in Newport Beach, CA, KBS Realty Advisors is a premier investment management firm specializing in real estate investments on behalf of select private and public pension fund, endowment and foundation partners. Founded in 1992, KBS has invested approximately $5 billion on behalf of its clients. KBS specializes in purchasing and repositioning under-performing real estate and real-estate related assets in the United States.