Kilroy Realty Corporation is a real estate investment trust (REIT), which owns, operates, develops, and acquires Class A suburban office and industrial real estate in submarkets in Southern California. As of December 31, 2008, the Company’s stabilized portfolio of operating properties was comprised of 92 office buildings (the Office Properties) and 42 industrial buildings (the Industrial Properties), which encompassed an aggregate of approximately 8.7 million and 3.7 million rentable square feet, respectively. As of December 31, 2008, the Office Properties were approximately 86.2% leased to 292 tenants, and the Industrial Properties were approximately 96.3% leased to 63 tenants. All of the Company’s properties are located in Southern California.