Wells REIT II's Tampa Commons Wins BOMA Award

Wells REIT II's Tampa Commons Wins BOMA Award

13-Story Property Recognized for Excellence in Management and Operations

NORCROSS, Ga. (March 14, 2008) - The Building Owners and Managers Association of Greater Tampa Bay has named Tampa Commons, owned by Wells REIT II, as one of six area properties given the prestigious title of The Office Building of the Year.

Acquired by Wells Real Estate Investment Trust II in 2005, Tampa Commons was honored in the 250,000-499,999-square-feet category. The Office Building of the Year winners were honored for areas including community impact, tenant relations, finish and quality. The property will now compete for honors at the regional level.

Tampa Commons is located on Dale Mabry Highway, west of downtown in the Westshore business district, near Tampa International Airport and Interstate 275. The property is managed for Wells by Piedmont Office Management, LLC.

The 255,000-square-foot, Class-A property features reflective glass curtain walls and a four-story atrium. The principal tenant is Time Customer Service, the customer fulfillment arm of Time, Inc.

Wells REIT II, a public nontraded REIT specializing in office properties, owns 73 buildings in 23 states and Washington, D.C.

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 funds include REITs, mutual funds and other commercial real estate investment vehicles. For more information, see www.wellsref.com; for information on Wells REIT II, visit www.wellsreitII.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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