Wells REIT II Acquires MICROS HQ Building in Suburban Baltimore

Wells REIT II Acquires MICROS HQ Building in Suburban Baltimore

Information Solutions Provider Under Lease to 2016

NORCROSS, Ga. (July 12, 2007) -- Wells Real Estate Investment Trust II has acquired the world headquarters of MICROS Systems Inc., a 248,000-square-foot Class-A office building near Baltimore.

Wells REIT II acquired the property, at 7031 Columbia Gateway Drive in Columbia, Md., from a client advised by Great Point Investors. Wells was selected from numerous bidders; terms were not disclosed.

MICROS, a leading provider of enterprise information solutions to the hospitality industry, occupies 100 percent of the property, under a lease to 2016. The property was constructed in 2000 in Columbia Gateway Corporate Park.

"We think it's one of the finest properties in a very fine office development, in a vibrant Baltimore submarket," said Jeff Gilder, chief investment officer, Wells Real Estate Funds. "We're happy to welcome MICROS to the Wells tenant family."

Wells was represented by Heather Griner, senior vice president, acquisitions.

Wells REIT II is a public nontraded REIT specializing in office properties. Wells REIT II now has 62 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 98 percent leased.

Wells Real Estate Funds is a national real estate investment company based in suburban Atlanta. Since its founding in 1984, Wells has invested more than $10 billion in real estate for more than 200,000 investors. 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.

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