Press Release

Wells REIT Completes Build-to-Suit in South Carolina

ATLANTA (October 11, 2005) - Wells Real Estate Investment Trust, Inc. (Wells REIT) today announced the completion of a new build-to-suit Class-A office development in Fort Mill, S.C, a suburb of Charlotte, N.C. The 165,000-square-foot, three-story facility, which will serve as a call center for Citigroup Inc., was developed by Childress Klein.

Citigroup will occupy the property under a 15-year lease commencing October 2005.

"The completion of this development project brings the total office and industrial development completed by Wells' various investment funds to over $300 million," said David Steinwedell, chief investment officer for Wells. "Wells has an active development and build-to-suit program designed to work cooperatively with strong partners such as Childress Klein. We will seek to complete a substantial number of transactions across the nation over the next 18 months."

Fort Mill is located 20 miles southwest of Charlotte and is part of the Charlotte- Gastonia-Rock Hill metropolitan area. "Fort Mill offers great access to new housing and provides substantial economic incentives for corporate relocations," said Joe Oglesby, Wells' senior vice president of development. The newly constructed building is accessed easily from both Interstate 77 and the new Interstate 485 loop road.

Wells Real Estate Funds is a national real estate investment management company that purchases real estate on behalf of Wells-sponsored investment programs. Since 1984, over 200,000 individuals across the country have invested (through their financial representatives) in Wells-sponsored investment programs to help diversify their investment portfolios. Collectively, Wells-sponsored programs own over $6.5 billion in assets (based on purchase price) totaling more than 31million 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. Wells REIT is closed to new investors.