Press Release

Wells REIT II Acquires Eagle Rock IV in Northern New Jersey

Multi-Tenant, Class-A Office Building in NY/NJ Suburbs

NORCROSS, Ga. (March 28, 2007) -- Wells Real Estate Investment Trust II Inc. announced today its acquisition of Eagle Rock Executive Office Center IV, a Class-A office building in northern New Jersey.

The three-story, 178,000-square-foot building's tenants include Ceridian, a multinational human resources and payment solutions leader. It features a two-story atrium with waterfall and is located in Eagle Rock Executive Park, in northern New Jersey's desirable Morristown submarket.

Wells, one of the nation's top 10 office landlords, acquired the building from Invesco; terms were not announced.

"This is a strong, well-leased building, with a great mix of creditworthy tenants," said Jeff Gilder, managing director, acquisitions, for Wells Real Estate Funds. "It's also in an area that has shown strength in rental rates."

The property, built in 1990, is currently 95 percent leased.

This is Wells REIT II's fifth property in northern New Jersey. Wells was represented by Gilder and by Heather Griner, vice president, acquisitions.

Wells REIT II is a public nontraded REIT specializing in office properties. Wells REIT II now has 58 buildings in 19 states (including Washington, D.C.), totaling more than $3 billion based on purchase price and covering more than 15 million square feet. Across the portfolio, Wells REIT II properties are 97 percent leased.

Wells Real Estate Funds is 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 some $9.5 billion in assets totaling more than 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. 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. Wells ranks as a top 10 U.S. office landlord by square footage, according to National Real Estate Investor, 2006.