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Press Room Release

Kilroy Realty to Host Conference Call

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LOS ANGELES, Jan. 24, 2001 -- Kilroy Realty Corporation (NYSE:KRC) announced that it will release its fourth quarter financial results on January 31, 2001. A conference call will follow on February 1, 2001 at 11 a.m. Pacific Standard Time. A live Webcast is available through the Investor Relations, Conference Call section of the company's Web site at www.kilroyrealty.com or at www.streetfusion.com.

A replay will be available by dialing (800) 633-8284 from 1 p.m. PST on February 1, 2001 through 1 p.m. PST on February 8, 2001 (access code 17433771). During the same time a Webcast replay will also be available in the Investor Relations, Conference Call section of the company's Web site at www.kilroyrealty.com or at www.streetfusion.com.

Kilroy Realty Corporation is a Southern California-based real estate investment trust active in the commercial office and industrial property sectors. The company has a 50-year history of owning, developing, acquiring and managing real estate assets in the coastal regions of California and Washington. Principal submarkets for the company's current development projects include Calabasas, West Los Angeles, and coastal San Diego, where the company's total development program is over $500 million. At December 31, 2000, the company owned 6.6 million square feet of commercial office space and 5.8 million square feet of industrial space. More information on Kilroy Realty can be found at www.kilroyrealty.com.

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CONTACT: Kilroy Realty Corp., Los Angeles
         Tyler H. Rose, Senior Vice President and Treasurer
         (310) 563-5531