2009-11-11 01:07:04 -

Leo Wells, president and founder of Wells Real Estate Funds, has been elected to the Board of Governors of NAREIT ® , the National Association of Real Estate Investment Trusts ® .

Mr. Wells’ election was announced at NAREIT’s annual convention, in Phoenix.

“Our company has been a member and supporter of NAREIT for years, and I’m honored and excited to join the Board of Governors,” Mr. Wells said.

“I hope to help the organization continue to provide leadership for our industry.”


Mr. Wells is one of only a few board members who manage nontraded REITs – real estate companies whose shares do not trade on the major exchanges.

“The REIT industry has grown tremendously in just a generation, both in publicly traded companies and in nontraded

REITs,” he said. “I’m looking forward to working with NAREIT members across the industry, as we look to the next era in commercial real estate investing.”


NAREIT is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. NAREIT's members are REITs and other businesses throughout the world that own, operate and finance income-producing real estate, as well as those firms and individuals who advise, study and service those businesses. For more information, visit www.REIT.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

Wells Real Estate Funds is a national real estate investment firm founded 25 years ago by Leo Wells in suburban Atlanta. The company was recently named “Best Place to Work” among midsize companies by the Atlanta Business Chronicle. In its history, Wells investment offerings – current and closed – have invested more than $12 billion in real estate for more than 250,000 investors. Wells programs include REITs and other commercial real estate investment vehicles. For more information on Mr.

Wells and the company, see www.LeoWells.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. and www.WellsREF.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

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.



Rubenstein CommunicationsRick Matthews, 212-843-8267 rmatthews@rubenstein.com : mailto:rmatthews@rubenstein.com