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Press Room Release

Kilroy Realty to Host Conference Call

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LOS ANGELES, April 23, 2001 -- Kilroy Realty Corporation (NYSE:KRC) announced that it will release its first quarter financial results on April 30, 2001. A conference call will follow on May 1, 2001 at 11 a.m. Pacific Daylight 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. PDT on May 1, 2001 through 1 p.m. PDT on May 8, 2001 (access code 18485984). 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 Corporation, Los Angeles
         Tyler H. Rose, Senior Vice President and Treasurer
         (310) 563-5531