Press Release

Wells REIT Extends Videojet Lease in Suburban Chicago

Wood Dale-Based Coding Products Maker Lengthens Lease to 2021

NORCROSS, Ga. (Nov. 8, 2006) - Videojet Technologies Inc. has signed a new 15-year lease at its quarter-million-square-foot headquarters facility outside Chicago, landlord Wells Real Estate Investment Trust announced today.

Videojet, based in Wood Dale, has lengthened its lease through 2021. The company, a world-leading manufacturer of coding, printing and laser marking products, is a subsidiary of Danaher Corp., rated A+ by Standard & Poor's.

"Videojet has been an excellent tenant for this flex office/industrial facility, and we're happy we can meet their real estate requirements for years to come," said Bo Reddic, managing director, asset management, for Wells Real Estate Funds. "Our portfolio strategy is based on quality real estate and quality tenants, and Videojet and Danaher are true leaders in their field."

The property, built in 1991 at 1500 Mittel Blvd. in Wood Dale, was acquired by Wells REIT in 1999. It is one of a dozen buildings owned by Wells investment funds in the metro Chicago area.

Wells REIT, which closed to new investors in 2003, is a public nontraded REIT specializing in Class-A office properties. Wells REIT owns 86 buildings in 24 states (including Washington, D.C.), totaling approximately $4.5 billion (based on purchase price) and covering more than 21 million square feet. Across the portfolio, Wells REIT properties are approximately 95 percent leased.

Wells was represented internally by Bert Collins and Tina McCall, as well as Kevin Fossum and Annette Salazar in Wells' Midwest Property Services office in Minneapolis. Videojet was represented by Richard Plonsker of Binswanger.

About Wells
Wells REIT is managed by Wells Real Estate Funds, a national real estate investment company based in suburban Atlanta. Since 1984, more than 200,000 people have invested in Wells-sponsored investment programs through their financial representatives. Collectively, these programs own more than $8 billion in assets totaling approximately 39 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.