Two Wells Executives Nominated for Turknett Leadership Character Awards

Two Wells Executives Nominated for Turknett Leadership Character Awards

Annual Awards to be Presented Feb. 4

NORCROSS, Ga. (Jan. 30, 2008) - Leo Wells, president of Wells Real Estate Funds, is one of two Wells executives nominated for the Turknett Leadership Character Awards, presented annually to leaders demonstrating character and integrity.

The awards are sponsored by Turknett Leadership Group, an Atlanta-based management and consulting firm, in partnership with the Siegel Institute for Leadership, Ethics and Character at Kennesaw State University.

Mr. Wells, a three-time finalist in the CEO/President/Partner category, is a 30-year veteran of the real estate industry. He founded Wells Real Estate Funds in 1984.

Andy May, vice president, employee care and talent management, is a first-time nominee in the Executive/Manager category. He oversees the award-winning employee benefits program at Wells, which was named last year as one of Atlanta's "Best Places to Work" by the Atlanta Business Chronicle.

The Turknett awards are presented to business, education and nonprofit leaders who best exemplify the standards of the Turknett Leadership Character Model, encompassing qualities such as integrity, respect and responsibility. The awards will be presented Feb. 4 in Atlanta.

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 $11 billion in real estate for more than 200,000 investors. Wells-sponsored funds include REITs, mutual funds and other commercial real estate investment vehicles. 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. 30092-3365 (tel. 800-448-1010). SEC filings: www.wellsref.com/investmentproducts/reit/secfilings.html.

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