Press Release

Wells REIT II Acquires 5 Houston Center in Houston, Texas

ATLANTA (December 21, 2005) - Wells Real Estate Investment Trust II Inc. (Wells REIT II) has completed the purchase of 5 Houston Center, a 27-story, multi-tenant office building consisting of over 580,000 square feet. The premier Class-A property, located at 1401 McKinney Street in Houston, was purchased from Crescent 5 Houston Center, L.P.

The building currently is over 95 percent leased. Major tenants include Ernst & Young and Jackson Walker LLP, one of the oldest and largest Texasbased law firms.

Situated in Houston's central business district, 5 Houston Center was constructed in 2002. It is one of only a handful of buildings to be constructed in downtown Houston over the past 17 years, according to Torto Wheaton Research.

The property enjoys excellent proximity to the newly renovated George Brown Convention Center and easy access to eight acres of landscaped gardens situated directly in front of the building. A sky bridge links the building to the Four Seasons and the downtown tunnel complex.

"This is an exceptional acquisition for Wells REIT II due to its primary market location and strong tenant roster," said David Steinwedell, chief investment officer for Wells Real Estate Funds. "We continue to be interested in the major markets in Texas and expect to see more acquisitions activity in the state in 2006."

"Given the lack of new construction in Houston, which is forecasted to continue over the next several years, the age of the building, and its excellent amenities, this property is one of the most prominent assets in the entire Houston CBD," said Keith Willby, vice president of acquisitions for Wells. Willby, along with Matt Rendle, a capital markets associate, represented Wells Real Estate Funds in the transaction. David Pepe of Rockwood Realty also participated in the transaction, representing the seller.

With this acquisition, Wells REIT II now has 39 buildings in its portfolio in 15 states (including Washington D.C.), totaling over $2 billion (based on purchase price) and covering over 9 million square feet.

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, more than 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 approximately $7 billion in assets (based on purchase price) totaling over 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).