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Wells Real Estate Funds
Leo F. Wells, III founded Wells Real Estate Funds, Inc. (Wells) in 1984, pioneering a disciplined core office real estate investment philosophy of low debt, high-quality tenants, and long-term leases. In three decades, the company has sponsored 30-plus real estate programs and invested more than $12 billion in real estate for over 300,000 investors.
During this time, Wells also assembled two of the largest and highest-rated portfolios of Class-A office real estate in nontraded REIT history and earned recognition as ENERGY STAR® Partner of the Year from the U.S. Environmental Protection Agency for the company’s energy conservation efforts.
About Investment Manager
Founded: 1984
Management Team:
Sponsored Offering(s):
(See tables below)
REITs
CatchMark Timber Trust, Inc. (formerly Wells Timberland REIT)
Columbia Property Trust, Inc. (formerly Wells REIT II)
Piedmont Office Realty Trust, Inc. (formerly Wells REIT)
Signature Office REIT, Inc. (formerly Wells Core Office Income REIT, Inc.; Wells REIT III, Inc.)
Contact Information
Wells Real Estate
5445 Triangle Pkwy.
Suite 320
Peachtree Corners, GA 30092
Snapshot
AUM*
Not Applicable
Total Equity Raised**
$11.3 Billion
Number of Liquidity Events***
3
* Total assets for all active alternative investments at most recent quarter end, excluding full-cycle programs.
** During offering periods, including DRIP proceeds, for all offerings.
*** As defined by Blue Vault where total liquidity has been achieved for common stock.
Links
Piedmont Office Realty Trust to Sell 14 Office Properties
Nontraded REITs
Signature Office REIT, Inc.
6/10/10
6/10/13
Office
Full-Cycle*
$516.5M
$636.0M
Not applicable
6/10/15*
*Signature Office REIT, Inc. merged with the nontraded REIT Griffin Capital Essential Asset REIT (GCEAR) on June 10, 2015. Blue Vault does not consider this to be a full-cycle event because shareholders received 2.04 shares of GCEAR per share of Signature Office REIT. When GCEAR has a full-cycle event, Signature Office REIT, Inc. will also be classified as full-cycle.
CatchMark Timber Trust, Inc.
8/11/06
12/31/11
Timber
Full-Cycle
$307.2M
$424.5M
Not applicable
Full-Cycle (2/27/15)
To view more details about this offering, including the total return, please click here. (subscribers only)
Columbia Property Trust, Inc.
12/1/03
6/30/10
Office
Full-Cycle
$5,800.0M
$4,124.6M
Not applicable
Full-Cycle (10/10/13)
To view more details about this offering, including the total return, please click here. (subscribers only)
Piedmont Office Realty Trust, Inc.
1/30/98
7/25/04
Office
Full-Cycle
$4,715.1M
$3,075.7M
Not applicable
Full-Cycle (1/30/11)
To view more details about this offering, including the total return, please click here. (subscribers only)
