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Bridgepoint Education Signs Lease With Kilroy Realty Corp. For Two Buildings At Its San Diego Headquarters; The Agreements Will Total 289,750 Square Feet

Bridgepoint Education, recently honored by Inc. Magazine as the fastest growing private education company in the United States, has signed leases with Kilroy Realty Corporation (NYSE: KRC), totaling 289,750 square feet, at its San Diego headquarters.

Through the partnership, Bridgepoint will occupy 100% of Kilroy’s 13480 Evening Creek Drive property, and 96% of its 13500 Evening Creek Drive location.

In July 2009, Bridgepoint will expand its occupancy from 119,837 square feet to 142,217 square feet at the 13500 Evening Creek Drive building. Commencing in stages between July 2008 and September 2008, Bridgepoint will occupy all 147,533 square feet of the 13480 Evening Creek Drive building.

“As Bridgepoint Education continues to grow exponentially, we are honored to partner with Kilroy again for our new buildings,” said Andrew Clark, CEO of Bridgepoint Education. “In 2008, we plan on adding an additional 600-plus employees to our San Diego office. We look forward to working with Kilroy now and in the future as we continue to expand our staff and services, both domestically and abroad.”

“The quality of our existing and development portfolios continues to attract the top companies in the San Diego market,” said John B. Kilroy, Jr., KRC’s president and chief executive officer. “Bridgepoint is a terrific tenant and we are pleased they decided to grow within our portfolio,” he added.

About Bridgepoint Education

Based in San Diego, Bridgepoint Education was founded on the principle that anyone who is academically prepared deserves access to higher education without sacrificing quality, transferability of credits, accessibility, academic standards, or credentials. As an independent, private higher education company, Bridgepoint is committed to serving the millions of adults seeking an affordable alternative to high priced higher education. Bridgepoint Education subsidiaries provide both traditional and online education offerings, in addition to recruiting and admissions services. Our comprehensive education services have helped thousands of students improve their lives and careers through higher education. Bridgepoint Education was named by Inc. magazine as the fastest growing private education company in the United States. For more information, please visit us at www.bridgepointeducation.com or contact: Jessica Caris, Director of Public Relations, at 800.798.0584 Ext 2515

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