SOURCE: Wells Real Estate Funds

Wells Real Estate Funds

December 21, 2009 15:11 ET

Leo Wells of Wells Real Estate Funds Named to "Hall of Distinction"

Fifth Inductee From REIAC and Georgia State University

ATLANTA, GA--(Marketwire - December 21, 2009) - Leo Wells, president and founder of Wells Real Estate Funds, was inducted Thursday into the Hall of Distinction by the Southeastern chapter of the Real Estate Investment Advisory Council and Georgia State University. The award, REIAC Southeast's highest honor, is presented "to recognize the people and commercial real estate projects that have made the most dramatic impact on Metro Atlanta."

Based in suburban Norcross, Wells Real Estate Funds is a national real estate investment firm specializing in Class-A office properties. Its portfolios encompass 117 buildings nationwide, including 15 metro Atlanta buildings such as Lindbergh Center in Buckhead, leased to AT&T; 2500 Windy Ridge Parkway in Vinings, headquarters of Coca-Cola Enterprises; and One and Three Glenlake in Sandy Springs, headquarters of Newell Rubbermaid.

Leo Wells is just the fifth executive to receive this award, which was presented by last year's recipient, Hal Barry, chairman of Barry Real Estate Companies. Previous inductees include Jim Jacoby of Jacoby Development, Jim Borders of Novare Group and Steve Selig of Selig Enterprises.

"This honor is really a tribute to the nearly 400 employees who serve our investors and our tenants every day," said Leo Wells. "The Atlanta real estate community is our home. It's here where we got our start, and where we still have some of our finest real estate."

Mr. Wells is a member of the Board of Governors of NAREIT®, the National Association of Real Estate Investment Trusts®, a national winner of the Ernst & Young Entrepreneur of the Year Award for financial services and a recipient of the Distinguished Alumni Award from the University of Georgia's Terry College of Business.

Wells Real Estate Funds was recently named "Best Place to Work" among midsize companies by the Atlanta Business Chronicle. In company history, Wells' investment offerings -- current and closed -- have invested more than $12 billion in real estate for more than 250,000 investors. Their programs include REITs and other commercial real estate investment vehicles. For more information on Leo Wells and the company, see www.LeoWells.com and www.WellsREF.com.

REIAC is a national nonprofit trade association serving the commercial real estate industry. For more information on REIAC, visit www.REIAC.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.

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