News RELEASE

KBS Realty Advisors Appoints Allen Aldridge Senior Vice President and Asset Manager of Fast-growing Southeast Region

Atlanta, GA - October 28, 2008: KBS Realty Advisors, one of the nation’s leading commercial real estate investment advisors, has announced the appointment of Allen Aldridge to senior vice president and asset manager of the company’s Southeast Region.

In his new position, Aldridge will be responsible for the performance of KBS assets in Florida, Georgia, Alabama, South Carolina and Tennessee, and will direct all third-party consultants and agents, including property management, leasing, property tax consulting, property-level legal and construction management. He will be based at KBS’ Atlanta office, which opened earlier this year and supports 17 current Southeast properties totaling more than 3.7 million square feet of office, retail, industrial and flex space.

Aldridge comes to KBS after 16 years with Chicago based CMD Realty Investors, where he was most recently a partner and manager of a $500 million commercial real estate fund consisting of five million square feet of office product in Florida, Georgia, Texas and Arizona. He was directly responsible for the 2007 disposition of 22 buildings totaling $365 million as part of the liquidation of the $1 billion portfolio.

Prior to CMD, Aldridge was a partner in a family-owned residential real estate sales, development and property and casualty insurance business in Raleigh-Durham, N.C.

Aldridge graduated Phi Beta Kappa from the University of North Carolina at Chapel Hill with a bachelor’s degree in economics. He has been involved in various industry organizations including the National Association of Industrial and Office Properties (NAIOP), National Association of Real Estate Investment Managers (NAREIM) and the Real Estate Group of Atlanta (REGA).

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 investment advisor. KBS Realty Advisors and its affiliate, KBS Capital Advisors, invests in, manages and sells high-quality U.S. commercial real estate assets for institutional, corporate and private investors. Since 1992, KBS has completed transactional activity of approximately $16 billion via 19 separate accounts, six commingled funds and two private equity REITs. For more information, visit www.kbsrealty.com.