Leo Wells Press Release

Leo Wells

Leo Wells Named to "Hall of Distinction"

Fifth Inductee from REIAC and Georgia State University

ATLANTA (Dec. 18, 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."

Mr. Wells is just the fifth executive to receive the 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," Mr. Wells said. "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 founded Wells Real Estate Funds in 1984. He is a member of the Board of Governors of NAREIT®, the National Association of Real Estate Investment Trusts®, and is 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.

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