Notice to Maryland Investors: This sales and advertising literature must be read in conjunction with the prospectus in order to understand fully all of the implications and risks of the offering of securities to which it relates. A copy of the prospectus must be made available to you in connection with this offering.
Notice to Alabama, Arizona, New Mexico, South Carolina, and Tennessee investors: This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the prospectus.
Notice to New York investors: This advertisement is not an offering. No offering is made except by a prospectus filed with the Department of Law of the State of New York. The Attorney-General of the State of New York has not passed on or endorsed the merits of this offering.
All summarized data herein should be reviewed with a Wells Timberland REIT, Inc. prospectus. Consider an investor's investment objectives and risks, along with a product's charges and expenses before investing. Please read the prospectus carefully before investing or sending money to learn more about the risks of investing in Wells Timberland REIT, such as:
Illiquidity; if an investor is able to sell his shares, they may be worth less than what he paid for them
Dependence on Advisor.
Potential for adverse economic and environmental changes.
Regulatory changes that may impact real estate, forestry, and/or tax legislation.
No publicly traded market for this program.
Conflicts of interest facing Advisor and its affiliates, including officers and directors of Wells Timberland REIT.
Fees and expenses paid to Advisor, its affiliates, and broker/dealers.
Wells products are not FDIC or NCUA/NCUSIF insured, not bank or credit union guaranteed, and may lose value.
Currently, Wells Timberland REIT has a limited operating history. If additional properties are not acquired, Wells Timberland will not be able to achieve the level of diversification described in the prospectus. Wells Timberland REIT's Board of Directors anticipates Wells Timberland will elect to be taxed as a REIT for the taxable year ending December 31, 2009. However, there are no assurances that Wells Timberland will qualify to be taxed as a REIT in the future.
As of December 31, 2007, Wells Timberland's leverage as measured by debt-to-net assets was approximately
1,413%. The Board determined that borrowing in excess of Wells Timberland's general leverage limitation of 300% of net assets was justified in connection with the significant acquisition of Mahrt Timberland. Wells Timberland REIT is temporarily limited in making distributions or redeeming any shares. Please refer to the prospectus for a full description of the Share Redemption Plan.
Wells Timberland REIT, Inc. is distributed through Wells Investment Securities, Inc. (WIS) - Member FINRA/SIPC. Wells Timberland REIT, Inc., WIS, and Wells Real Estate Funds are affiliated. 6200 The Comers Parkway, Norcross , GA 30092; (770) 449-7800
