News RELEASE

KBS REALTY ADVISORS PURCHASES 109,810-SQUARE-FOOT 2525 MCKINNON

Dallas, TX - JUNE 21, 2007: KBS Realty Advisors has purchased the 109,810-square-foot, Class A office building 2525 McKinnon, in the Uptown/Turtle Creek area of Dallas. The seller was Seneca Investments. The purchase price was not disclosed.

Bill Rogalla, Senior Vice President/Acquisition Officer, represented his firm, KBS Realty Advisors, in the transaction.  Mike Hardage and Steve Simon of Transwestern Commercial Services, Dallas, represented the seller. Walter Foster, Senior Vice-President, KBS, manages the firms’ Dallas, Austin and San Antonio portfolio.

“2525 McKinnon presents a unique opportunity to capitalize on the high demand in the Uptown submarket,” Foster notes. “This property’s central location and Class A amenities are exactly what tenants in the market are seeking.”

Kim Brooks and Fletcher Cordell of Transwestern, Dallas, will handle leasing at 2525 McKinnon. PM Realty Group, Dallas, will manage the property.

With the acquisition of 2525 McKinnon, the KBS portfolio in the Dallas/Fort Worth area now totals 2.5 million square feet. In February, KBS acquired the 98,750-square-foot Parkwood Place I in Plano.

2525 McKinnon is an eight-story office building, built in 2003, with an attached five-story garage.  The property is 61 percent leased. 2525 McKinnon is located in the 10.2-million-square foot Uptown/Turtle Creek market where overall occupancy is 91 percent. The building is directly across from the new Ritz-Carlton Hotel and the Crescent office/retail complex.  2525 McKinnon is also two blocks from American Airlines Center and the Victory Park mixed-use development.

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.