News RELEASE

KBS Realty Acquires Mountain Bay Plaza

Mountain View, CA, September 10, 2003: KBS Realty Advisors (www.kbsrealty.com), a privately-held investment management firm in Newport Beach, CA recently announced the acquisition of Mountain Bay Plaza, a 165,390 sq. ft. office asset located in Mountain View, CA. The property was acquired by KBS from Tishman Speyer on September 10.

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.