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Press Room Release

Kilroy Realty To Host Conference Call

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LOS ANGELES, July 17, 2001 -- Kilroy Realty Corporation (NYSE:KRC) announced that it will release its second quarter financial results on August 1, 2001. A conference call will follow on August 2nd at 12:00 noon 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 2:00 p.m. PDT on August 2, 2001 through 2:00 p.m. PDT on August 9, 2001 (access code 19334511). During the same period 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 approximately $480 million. At March 31, 2001, the company owned 7.1 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