News RELEASE

GSA Expands at Crossways

Chesapeake, VA -- December 5, 2003: The General Services Administration has expanded their presence by 17,622 sq. ft. at Crossways I, a 137,007 SF single-story suburban office building in Chesapeake, VA. The GSA currently occupies 33,172 sq. ft. of space at the property and this expansion will bring their total occupancy to 51,794 sq. ft. The expansion amendment is for a 10 year term. Crossways I is operated by investment advisory firm, KBS Realty Advisors (www.kbsrealty.com).

With the GSA expansion, Crossways I is 72% leased. KBS Realty Advisors was represented by Gary Randolph and Thomas Minton of CB Richard Ellis (www.cbre.com).

"We are certainly pleased to be able to work with the government and accommodate the GSA requirement that necessitated this growth," said KBS Senior Vice President, Peter Potrykus. "GSA had previously occupied most of the building with another operating unit which was required to re-locate. It is rewarding to know that they chose to return to Crossways I for these current space requirements."

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.