Press Release

WELLS REIT II DECLARES 2ND QUARTER 2006 DISTRIBUTION

NORCROSS, Ga. (March 7, 2006) - Wells Real Estate Investment Trust II Inc. (Wells REIT II) announced today its Board of Directors has declared a quarterly distribution of $0.15 per share for its second quarter of 2006.

The distribution will be calculated on a daily basis and paid in June 2006 to shareholders of record during the period from March 16, 2006, through June 15, 2006.

The distribution is unchanged from the previous quarter.

Currently, the Wells REIT II portfolio includes more than 11 million square feet of space in 45 Class-A office and industrial buildings in 23 real estate markets in 15 states and Washington, D.C. The weighted average credit rating of those tenants rated by Moody's Investors Service or Standard & Poor's is "BBB+," and the portfolio is 96 percent leased.

REIT quarterly distributions may include dividend income as we ll as return of capital and capital gains. Wells REIT II is a public, nontraded REIT focused primarily on office and industrial properties.

Wells Real Estate Funds, a national real estate investment management company, purchases real estate on behalf of Wells-sponsored investment programs. Since 1984, more than 200,000 people across the country have invested, through their financial representatives, in Wells -sponsored programs to help diversify their portfolios. Collectively, Wells-sponsored programs own more than $7 billion in assets (valued at cost) totaling more than 35 million square feet of space.

To find out more, visit Wells online at www.wellsref.com.

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. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers of this press release should be aware that there are various factors that could cause actual results to differ materially from any forward-looking statements made in this release. Factors that could cause or contribute to such differences include, but are not limited to, changes in general economic and business conditions, industry trends, changes in government rules and regulations (including changes in tax laws), and increases in interest rates. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 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). For SEC filings: www.wellsref.com/investmentproducts/reit/secfilings.html.