News RELEASE

KBS Realty Advisors Announces $112 Million Sale of 130 Prince Street in New York City

New York, NY - July 2, 2007: KBS Realty Advisors in partnership with George Kaufman and Bob Savitt of the Kaufman Organization announce the recent sale of 130 Prince Street in New York City for $112 million. The 86,000-square-foot low-rise office & retail asset was acquired by 130 Prince Street Associates, LLC (Waterman Interests). 130 Prince Street’s square footage includes 12,500 square feet of ground-floor retail space and 65,000 square feet of office space.

KBS Realty Advisors in joint venture with the Kaufman Organization acquired 130 Prince Street in September of 2005. During its ownership, leases were secured including a 2,000-square-foot store to True Religion Jeans and a long-term 65,000-square-foot office lease with Aramis, Inc., a subsidiary of Estee Lauder. At the time of sale, the property was 100% occupied. 130 Prince Street is situated in the SOHO district of New York City.

“We are pleased to offer an exceptional New York asset to 130 Prince Associates,” commented Charlie Valentino, KBS asset manager, who oversaw the operations and management of the property during KBS’ ownership. “We would like to extend a thank you to Darcy Stacom and William Shanahan of CB Richard Ellis who arranged the transaction on behalf of KBS.”

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 real estate 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 invested more than $7 billion in commercial real estate via 18 separate accounts, six commingled funds and a private equity REIT. For more information, visit www.kbsrealty.com.

Contact:
Julie Fornaro           
Amies Communications
949-863-1910 x14
Julie@amies.com