News RELEASE

UVA and VA Tech Team up to take 11,286 SF at 2810 Parham Road

Richmond, VA -- April 12, 2004: The University of Virginia (U.Va.) and the Virginia Polytechnic Institute (Va. Tech) have recently signed new leases to take a total of 11,286 SF at 2810 Parham Road in Richmond, VA. Located in the Northwest Quadrant submarket, 2810 Parham is a three story 143,192 sq. ft office building owned and operated by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com). The U. Va./ Va. Tech lease was finalized on March 30, 2004 for a portion of the third floor in the building.

The University of Virginia (www.virginia.edu) was founded by Thomas Jefferson in 1819 and has a current enrollment of 19,463 students. The public institution offers 48 bachelor's degrees in 46 fields, 94 master's degrees in 64 fields, six educational specialist degrees, two first-professional degrees (law and medicine), and 55 doctoral degrees in 54 fields. Although its main campus is in Charlottesville, Va., the University has several locations around the state that serve as extension campuses.

Founded in 1872, Virginia Polytechnic Institute and State University (www.vt.edu), popularly known as Virginia Tech (Va Tech), is now Virginia's largest university with 25,600 students and one of the top 50 research institutions in the nation. The main campus of Va Tech is located at Blacksburg, Va. The university is comprised of eight colleges and a graduate school that offer 60 bachelor's degree programs and 110 master's and doctoral degree programs.

"We are excited that these two fine institutions have chosen our property as the home for their Richmond Campus," commented Peter Potrykus, Senior Vice President of KBS Realty Advisors. "We look forward to providing the facilities and building services they need for themselves and for their students in the Richmond area."

Potrykus added that KBS was very pleased with the outstanding efforts of Marc Allocca and Carlton Jones of CB Richard Ellis (www.cbre.com) who represented KBS in the transaction.

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.