Press Release

Tydings & Rosenberg Extends Lease at 100 East Pratt Street

BALTIMORE (July 24, 2006) - Tydings & Rosenberg LLP has renewed its commitment to Baltimore and Maryland by extending its headquarters lease downtown, at 100 East Pratt St., through 2017. The lease was announced today by the law firm and the building's owner, Wells Real Estate Investment Trust II.

Bill Carrier, managing partner of Tydings & Rosenberg, said the firm's decision to stay at 100 East Pratt St. is simply a smart business strategy. "The firm's current location is easily accessible for clients, convenient to the courts and businesses downtown, and offers an outstanding platform to practice law and serve as a member of the downtown community."

With unparalleled views of Baltimore's Inner Harbor from the top three floors of the 28-story tower, the firm frequently hosts events at its offices for clients, non-profit organizations and trade and professional associations.

"Our space includes a terrace that faces Inner Harbor and offers a relaxed atmosphere for clients and friends of the firm," Carrier added. Some of the organizations that have benefited from the office space include Ronald McDonald House, Johns Hopkins Alumni Association, Maryland Defense Counsel and Meritas Law Firms Worldwide. As a member of the Greater Baltimore Committee and the Greater Baltimore Technology Council, the firm will also host events for these organizations later this year.

Kirby Fowler, president of Downtown Partnership of Baltimore, was pleased with the news. "We're delighted that such a prestigious law firm is recommitting itself to many more years in Downtown Baltimore. We have no doubt that the employees and clients of Tydings will continue to thrive at this location. Not only does this lease renewal make great business sense, but it clearly demonstrates Tydings' civic-minded philosophy."

The building ownership concurred. "We're proud to have this property in our portfolio, and very proud that Tydings has chosen to extend its lease," said Don Henry, managing director, asset management, for Norcross, Ga.-based Wells Real Estate Funds. "We look forward to helping the firm with its real estate needs for many years to come."

Tydings & Rosenberg is a Baltimore-based law firm with approximately 50 attorneys serving clients throughout the mid-Atlantic region and the country. The firm's practice handles corporate, business and tax issues, commercial and business litigation, bankruptcy and creditors' rights matters, estates and trusts, real estate transactions, and family law. The firm celebrated its 75th anniversary in 2005.

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. Collectively, Wells programs own more than $7.5 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. 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. For a prospectus, contact Wells Investment Securities, Inc., 6200 The Corners Pkwy., Norcross, Ga. 30092 (tel. 800-448-1010). SEC filings: www.wellsref.com/investmentproducts/reit/secfilings.html.