Press Release

Robert E. Byrd Named VP-- Corporate Communications at Wells Real Estate Funds

ATLANTA (9/2/05) - Wells Real Estate Funds, one of the nation's largest owners of commercial real estate properties, has appointed Robert Byrd as vice president -- corporate communications. In this position, he is responsible for the company's various internal and external communications functions.

Mr. Byrd joins the Wells organization after five years at Hayslett Group, LLC, one of Atlanta's leading independent communications firms, where he had served as president since 2004. He joined the firm in 2000 and served as executive vice president & chief operating officer from 2003 to 2004, and supervised a range of accounts in sectors such as health care, consumer goods, and civic affairs. During his tenure as president, the firm won nearly 20 awards from local chapters of the International Association of Business Communicators and the Public Relations Society of America.

Before joining Hayslett, Mr. Byrd spent eight years at the Coca-Cola Company, where he managed the company's primary employee communications programs and then served as the company's chief executive speechwriter. From 1981--1992, Mr. Byrd was a staff writer and then news editor for The Associated Press in Atlanta.

Mr. Byrd holds a bachelor of arts degree in newspaper journalism from the University of Georgia, graduating magna cum laude in 1980.

Chief Marketing Officer Mike Dobbs commented, "As Wells continues to grow, effective communications with our clients, other outside constituents, and our own employees are critical to our ongoing success as an organization. We are delighted to have someone of Bob Byrd's professional stature join us. He is clearly one of Atlanta's top communications practitioners."

Wells Real Estate Funds is a national real estate investment management company that purchases core and value-added office and industrial properties on behalf of Wells-sponsored investment programs. Since 1984, nearly 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 30 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).