News RELEASE

$5.7 Million Lease Signed at Crossways I in Chesapeake, Virginia

Chesapeake, VA, July 21, 2003: A 40,000 square foot lease with health care provider, Sentara Healthcare (www.sentara.com) was signed on July 17, 2003 at Crossways I, a 137,007 SF single-story suburban office building in Chesapeake, VA. KBS Realty Advisors (www.kbsrealty.com) serves as investment advisor for the property on behalf of a long-standing separate account investor.

According to KBS Senior Vice President, Peter Potrykus, the Sentara lease was signed for a term of 10 years. The company plans to utilize the property for a nursing school and training center. Other tenants in the building are the Coast Guard Finance Center and the Coast Guard Security Center.

KBS Realty Advisors was represented by Gary Randolph and Thomas Minton of CB Richard Ellis (www.cbre.com). Sentara Healthcare was represented by Mark Warlick of S.L. Nusbaum Realty Co. (www.slnusbaum.com).

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.