News RELEASE

Home Depot Renews Lease at Multi-Tenant, High-Bay Distribution Facility in Norwood, Massachusetts

Norwood, Mass. - June 27, 2011: KBS Capital Advisors, an affiliate of KBS Realty Advisors of Newport Beach, Calif. announced today that The Home Depot, Inc. has renewed its lease for 218,258 square feet at 625 University Avenue in Norwood, Mass. Home Depot, the world's largest home improvement specialty retailer has occupied the distribution/warehousing facility since September 2002.

One of the area's few large-scale, high bay facilities, 625 University Avenue is strategically located 15 miles south of downtown Boston, adjacent to the $2 billion Westwood Station Development, at the intersection of Routes 95 and 128, 625. The Home Depot occupies approximately half of the building.

Two warehouse spaces, totaling approximately 221,605 square feet, are still available for lease and feature robust amenities including ceiling heights up to 54 feet, abundant loading, ample trailer parking, heavy power, rail service and more.

The 449,555-square-foot facility is part of the $516 million National Industrial Portfolio, a joint venture among entities formed by KBS Real Estate Investment Trust I (KBS REIT I), Hackman Capital and Calare Properties, Inc. Home Depot occupies three additional buildings in Bloomfield, Conn., Commerce City, Colo. and Corsicana, Texas, which are also part of the portfolio.

"Home Depot is a growing, long-term tenant in four of our prime facilities," said Phil Smith, the portfolio's Leasing Director. "We are thrilled with the renewal and the opportunity to build on our already-solid relationship."

For information regarding this press release, contact Eleanor Moriarty at 310-943-8715. For leasing information on 625 University Avenue, contact Phil Smith at 978 568.0100 x 112.

About KBS
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber. Since 1992, KBS-affiliated companies have completed transactional activity of approximately $20 billion via 19 separate accounts, six commingled funds and five non-traded REITs.  KBS has offices in Newport Beach, San Francisco, Chicago, Dallas, New York, Washington, D.C., Atlanta, and Los Angeles. For information, visit www.kbsrealty.com.

About Hackman Capital
Hackman Capital is a privately-held real estate investment firm specializing in the acquisition, management, redevelopment and adaptive reuse of industrial and office properties. Founded in 1986, the company has acquired or developed more than a billion dollars of property on behalf of the company, various investment funds and institutional clients. Hackman Capital currently manages for its affiliates more than 16 million square feet of real estate across the United States, including 56 buildings and 750 acres of developable land. The company is based in Los Angeles. For more information, visit www.hackmancapital.com.

About Calare Properties, Inc.
Calare Properties is a Massachusetts-based real estate investment manager that currently owns and manages more than 14 million square feet of distribution, manufacturing and office properties throughout the United States. Calare has made over $630 million in value-focused real estate investments through several private equity partnerships. For more information, visit www.calare.com.

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including discussions regarding KBS Realty Advisors use of proceeds and certain other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include changes in general economic conditions, changes in real estate conditions, construction delays, changes in interest rates, lease-up risks, lack of financing availability and lack of capital proceeds.

Media Contact:
Cindy Tullues or Bob Ochsner
DGWB for KBS Companies
(714) 881-2341
ctullues@dgwb.com
bochsner@dgwb.com