Real Estate Forum: Forum 100
Wells Real Estate Funds
Owner/Investor | Honorable Mention
Company:   Wells Real Estate Funds
Address: 6200 The Corners Parkway
City: Norcross
State: GA
Zip:   30092
Phone: 770-449-7800
Fax: 770-243-8367
Email: terrell.mccollum@wellsref.com
Website: www.wellsref.com
Key Executive  
1. Name: Leo Wells
    Title: President
2. Name: Mike Dobbs  
    Title: Chief Marketing Officer
3. Name: Randy Fretz  
    Title: Chief of Staff
4. Name: Tom Brittelle
    Title: Chief Information Officer
*Number of Offices: 6
*Number of Employees: 390
*Gross Revenues Fiscal Year 2006: 183.3 million
*Projected Revenues Fiscal Year 2007: 212.3 million
Selected Areas of Specialization: Class-A office and industrial properties; timberland
Company Overview: Wells Real Estate Funds is a real estate investment company that has invested more than $11 billion in real estate for more than 230,000 investors, and has managed more than 47 million square feet of space in 231 buildings nationally since its founding in 1984.
*Total Portfolio Size: 96 buildings
Number of buildings: 96
Square Footage: 19,601,659
Number of Units/Rooms: NA
*Total Value of Portfolio: 4.2 billion
Percentage by Property Type:  
Office: 97. %
Industrial: 1.4 %
Retail: 0 %
Apartments: 0 %
Hotels: 0.9 %
Other: 0 %
(Please specify)
Percentage by Geographic Area:  
Northeast: 39. %
Southeast: 22 %
Midwest: 20. %
Southwest: %
West: 17 %
International: %
Total Acquisitions in 2006:  
Number of buildings: 16
Square Footage: 4.8 million
Number of Units/Rooms: NA
Total Value of Acquisitions in 2006:   911.4 million  
Total Dispositions in 2006:  
Number of buildings: 8
Square Footage: 803,179
Number of Units/Rooms: NA
Total Value of Acquisitions in 2006: 153.7 million