WELLS REIT II OBTAINS $500 MILLION IN FINANCING

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NORCROSS, GA. — Wells REIT II has received $500 million in new financing for future operations. The 3-year, unsecured revolving credit facility was issued by a syndicate of lenders led by JPMorgan Chase Bank NA. Wells originally sought $350 million in financing, but received additional interest from lenders. The REIT will use the financing to enhance and add to its real estate portfolio. The current portfolio includes 91 buildings in 23 states, Washington, D.C., and Russia, covering more than 20 million square feet. Wells REIT II is advised by Wells Real Estate Funds.

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