News RELEASE

Nation's Largest Homebuilder Expands Space at Redwood Plaza II

Fairfax, VA -- November 11, 2003: Fortune 500 Company, Pulte Homes (www.pulte.com) has expanded their space by 14,232 sq. ft. at Redwood Plaza, a two-building office complex in Fairfax, VA. The property is owned and operated by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com).

Based in Bloomfield Hills, Michigan, Pulte Homes has operations in 44 markets across the United States.  Pulte is the nation’s largest, most diversified homebuilder, and over its 52+ year history has constructed over 300,000 homes.

Pulte has their regional offices at Redwood Plaza, servicing Virginia and the Washington, DC Metro Area. They plan to open a design center in a portion of the expansion space. With the new lease, Pulte will occupy at total of 36,345 sq. ft. at Redwood Plaza II. Tom Cresce and Zach Wade of Trammell Crow (www.trammellcrow.com) represented KBS on the transaction and Bruce McNair of Advantis (www.advantisgva.com) represented the tenant.

"We are very excited to accommodate an expansion of space to a quality tenant such as Pulte Homes," commented KBS Senior Vice President, Peter Potrykus. "Their expansion is a great indicator of how strong the housing market has been here in Northern Virginia. We are pleased that Pulte has chosen Redwood Plaza to be their home."

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.