Press Release

Wells REIT Extends Lease with Agilent in North Metro Atlanta

Technologies Leader Signed through 2013

NORCROSS, Ga. (June 5, 2006) - Wells Real Estate Investment Trust Inc. announced today it has restructured and extended its lease with Agilent Technologies, which will remain at its north metro Atlanta office building through 2013.

Wells also has assumed Agilent's position as sublessor to W.W. Grainger Inc., another tenant at the 101,000-square-foot Class-A office building on Brookside Parkway in the North Fulton submarket, near Georgia 400 and Old Milton Parkway in Alpharetta.

"This is a win for everyone involved," said Don Henry, managing director of asset management for Wells Real Estate Funds. "Agilent and Grainger are great tenants, and we're proud to serve their real estate needs."

Agilent, a worldwide leader in measurement technologies, is based in Palo Alto, Calif. Irv Gilner and Christopher White of Cushman & Wakefield represented Agilent. George Wells and Steve Campbell represented Wells.

Grainger is a leading supplier of facilities maintenance products, based in Lake Forest, Ill.

This is Wells REIT's second restructuring with Agilent in a year. Last fall, Wells negotiated a five-year direct lease with Advanced Micro Devices Inc., beginning in 2008, at space AMD is currently leasing from Agilent in metropolitan Boston. Under the deal, AMD will extend and expand its space, and Agilent will reduce its lease obligation. A new amendment last month provided even more space to AMD, and will bring its total to 63% of the 174,585-square-foot property in Boxborough, Mass. There, Neil Ross and Greg Zais of Staubach represented AMD, Gilner represented Agilent, and George Wells and Damian Miller represented Wells.

Wells REIT is a public nontraded REIT specializing in office properties, which closed to new investors in 2003. Wells REIT has 85 buildings in 24 states (including Washington, D.C.), totaling approximately $4.4 billion based on purchase price and covering more than 21 million square feet.

Wells Real Estate Funds is a national real estate investment management company, based in suburban Atlanta, which purchases and manages real estate on behalf of Wells-sponsored investment programs. Since 1984, more than 200,000 individuals across the country have, through their financial representatives, invested in Wells-sponsored investment programs to help diversify their portfolios. Collectively, Wells-sponsored programs own more than $7 billion in assets (based on purchase price) totaling more than 35 million square feet of space. For more information, see 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, 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 forward-looking 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.