Press Release

Wells REIT II Acquires 2000 Park Lane in Pittsburgh

ATLANTA (December 27, 2005) -- Wells Real Estate Investment Trust II Inc. (Wells REIT II) has completed the purchase of 2000 Park Lane, a seven-story, 231,213-square-foot, Class-A office building located in North Fayette (Pittsburgh), Pa. The property was purchased from a subsidiary of Computer Associates International, Inc. (NYSE: CA). CA will be leasing approximately 25% of the building.

Park Lane was constructed in 1993. It is also approximately 64% occupied by Fisher Scientific Company, LLC. Both Fisher Scientific and CA are rated BBB- by Standard & Poor's.

"Sale/leasebacks are an integral part of our acquisition strategy," said David Steinwedell, Wells' chief investment officer, "and this is a win-win for both Wells and Computer Associates."

"Pittsburgh continues to show strength as a business center, particularly in technology, and this property, in the western suburbs, is in one of the market's strongest areas," said Jeff Gilder, senior vice president of acquisitions for Wells Real Estate Funds. "It's arguably the best building in the Parkway West Corridor submarket, with strong creditworthy tenants and excellent amenities." Gilder, along with Heather Griner, vice president of acquisitions, participated in the transaction representing Wells. The seller was represented by Brad Heming of Jones Lang LaSalle.

Wells REIT II now has 43 buildings in 16 states (including the District of Columbia), totaling over $2.4 billion (based on purchase price) and covering over 10 million square feet. Across the portfolio, Wells REIT II properties are approximately 96% leased.

Wells Real Estate Funds is a national real estate investment management company that purchases and manages real estate on behalf of Wells-sponsored investment programs. Since 1984, over 200,000 individuals across the country have, through their financial representatives, invested in Wells-sponsored investment programs to help diversify their investment portfolios. Collectively, Wells-sponsored programs own approximately $7 billion in assets (based on purchase price) totaling more than 32 million square feet of space.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including discussions regarding Wells' use of proceeds and certain other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forwardlooking statements. Factors that may cause actual results to differ materially include changes in general economic conditions, changes in real estate conditions, construction delays, increases in interest rates, lease-up risks, lack of availability of financing, and lack of availability of capital proceeds. This is neither an offer nor a solicitation to purchase securities. Such an offer can be made only by prospectus. To obtain a prospectus, please contact Wells Investment Securities, Inc., 6200 The Corners Parkway, Norcross, GA 30092-3365 (tel. 800-448-1010, www.wellsref.com).