Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Privately held Wells Real Estate Funds has concluded the fund-raising phase of Wells Real Estate Investment Trust Inc. by generating $4 billion in equity from 130,000 investors since January 1998, the company notes in a Securities and Exchange Commission filing.

With that money, the nation’s largest non-traded office and industrial REIT has acquired 100 class A properties totaling 20 million sf in 26 states as of Dec. 10, says Leo F. Wells III, president and founder of Wells Real Estate Funds.

“Our goal for the Wells REIT is to continue to enhance the quality of the portfolio through active portfolio management and the acquisition of additional high-quality properties, backed by long-term credit-worthy tenants,” Wells says. “The demand for investment in the Wells REIT is a testament to the growing need for dividend income” by investors.

Besides purchasing existing class A office and industrial property, Wells buys corporate sale/leasebacks and build-to-suit projects. The company’s investment vehicles are the recently launched Wells REIT II, the Wells REIT, the Wells S&P REIT Index Fund and the Wells limited partnership program.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.