Wells REIT II Declares 4th Quarter 2011 Distribution
NORCROSS, Ga.--(BUSINESS WIRE)-- Wells Real Estate Investment Trust II Inc. recently announced its Board of Directors has maintained a quarterly distribution totaling $0.125 per share for its fourth quarter of 2011.
The distribution will be paid in December to shareholders of record as of December 15, 2011. Wells REIT II will continue to carefully monitor cash flows and market conditions, and their impact on its earnings and future distributions.
Wells REIT II, with more than 130,000 active investors, is a public, nontraded REIT focused primarily on Class-A office properties.
“The Board is encouraged by the operating position of the REIT and pleased to provide this distribution to our shareholders,” said Leo Wells, chairman of Wells REIT II. “The REIT continues to enjoy low debt, great tenants, and an investment grade credit rating.”
Currently, the Wells REIT II portfolio includes 93 office buildings in 23 states, Washington, D.C., and Russia, covering more than 22 million square feet.
Wells REIT II closed to new investments on June 30, 2010. For information on Wells REIT II, visit www.WellsREITII.com.
Wells Real Estate Funds, advisor to Wells REIT II, is a national real estate investment company founded in suburban Atlanta in 1984. In its history, Wells investment offerings - current and closed - have invested more than $11 billion in real estate for nearly 300,000 investors. Wells was named 2011 ENERGY STAR® Partner of the Year by the Environmental Protection Agency. For more information on Wells Real Estate Funds, visit www.WellsREF.com.
This news 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 news 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, failure to satisfy certain closing conditions. 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. For SEC filings:
www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001252849&owner=include.
Rubenstein AssociatesMargot Olcay, 212-843-8284[email protected]
Source: Wells Real Estate Funds
Are you missing key trading opportunities? Upgrade to StreetInsider Premium and get a step ahead of the market - FREE TRIAL!
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Life, Style and Real Estate, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!


Tweet
Share