This is neither an offer to sell nor a solicitation of an offer to buy Wells Timberland REIT; an offering is made only by prospectus.
This information must be preceded or accompanied by a prospectus in order to understand fully all of the implications and risks of
the offering. Neither the Attorney General of the State of New York nor any other State regulators have passed on or endorsed the
merits of this offering. Any representation to the contrary is unlawful.
Click here to view SEC filings for up-to-the-minute
updates to the Wells Timberland REIT prospectus.
Click here to view a PDF of the prospectus.
Click here to view a risk factor
disclosure.
Consider investment objectives, along with a product's fees and expenses, before investing. Please read the prospectus carefully to
learn about potential risks, such as:
- Illiquidity. Not publicly traded; if shares can be sold, they may be worth less than what was paid for them.
- Dependence on Advisor.
- Potential for adverse economic and environmental changes.
- Regulatory changes that may impact real estate, forestry, and/or tax legislation.
- Conflicts of interest facing Advisor and its affiliates, including officers and directors of Wells Timberland REIT.
- Fees and expenses paid to Advisor, its affiliates, and broker/dealers.
- Please check the prospectus for applicable suitability standards determined by the investor's state of residence.
- Product not FDIC or NCUA/NCUSIF insured, not bank or credit union guaranteed, and may lose value.
Wells Timberland REIT, Inc. (Wells Timberland) has not yet elected nor qualified to be taxed as a REIT. Wells Timberland has a limited operating history and to date has made only one acquisition, Mahrt Timberland, a collection of timberlands in Georgia and Alabama. Wells Timberland may not achieve the level of diversification described in the prospectus.
As of December 19, 2008, Wells Timberland's total borrowings were approximately 303% of net assets and 68% of the cost of the timber assets before adjustments for depletion and amortization. The Board determined that borrowing in excess of the general leverage limitation was justified with the acquisition of Mahrt Timberland. Wells Timberland is prohibited from making distributions or redeeming shares under its share redemption plan (except for qualified disabilities or death) until certain loans and financial targets are satisfied.
Wells Timberland REIT, Inc. is distributed through Wells Investment Securities, Inc. (WIS) -- Member FINRA/SIPC. WIS and Wells Real Estate Funds are affiliated.