News RELEASE

12,473 Square Foot Lease Signed at Crown Ridge in Fairfax, VA

Fairfax, VA, July 9, 2003: Equity Homes, LLC. (http://www.equity-homes.com) signed a five-year, 12,473 square foot lease on July 3, 2003, at Crown Ridge at Fair Oaks, a 191,000 sq. ft. office property located in Fairfax, VA. Crown Ridge was acquired on June 24, 2003 by KBS Realty Advisors (http://www.kbsrealty.com) for $35.9 million on behalf of a separate account investor. The new lease will bring the property to an occupancy level of 98%.

Equity Homes is one of the leading home builders serving the greater Washington area and plans to utilize the property for its headquarter offices.

The lease was a joint effort between the new owner, KBS Realty Advisors and the former owner, The Peterson Companies. (http://www.petersoncos.com). KBS Realty Advisors was represented by Peter Potrykus, Senior Vice President of KBS while Tom Scavone handled negotiations for The Peterson Companies. Brian Connelly and Tony Womack of Spaulding and Slye were the leasing agents representing the landlord and Joe Ruzecki of Jones Lang LaSalle represented Equity Homes.

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 in excess of $4.5 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.