Wells Timberland - Program Details

As of the Wells Timberland follow-on offering is not yet effective in Alabama, Maryland, Michigan, Ohio, or Tennessee.

Program Details

View the Wells Timberland prospectus and supplements.

Inception Date	September 27, 2005
Price Per Share	$10*
Minimum Initial Investment	$5,000
Minimum Subsequent Investment	$100
Suitability Standards	Net worth of at least $250,000 or gross annual income of at least $70,000 and net worth of at least $70,000 (please check the prospectus for suitability standards determined by the investor's state of residence)
Offering Amount	$2.2 billion
Share Redemption Plan	Limited**
Distribution Reinvestment Plan	Limited**
Primary Offering Period	8/6/09 – 8/6/11

*Discounts available for certain categories of purchasers.
**Due to the Mahrt Loan, Wells Timberland is temporarily prohibited from making any discretionary distributions or redeeming any shares, other than redemptions sought within two years of the death or qualifying disability of the stockholder, until certain financial performance measures are satisfied. Once Wells Timberland satisfies these requirements, redemptions will be limited on an annual basis, and any redemptions will be funded from the proceeds of the Distribution Reinvestment Plan. Please read the prospectus for complete details, including a description of other restrictions on redemptions and qualifying disabilities. Wells Timberland is not available in all states.

Program Objectives

Wells Timberland’s investment objectives are to provide investors with capital appreciation and opportunity for future moderate income through ownership in a portfolio of professionally managed timberland.

Regulatory Filings

The following SEC forms related to this product are available publicly on EDGAR, an electronic system developed by the U.S. Securities and Exchange Commission (SEC).


	10-K	Annual financial report required by the SEC. Comprehensive overview of the fund.

	10-Q	Quarterly financial report required by the SEC. Comprehensive overview of the fund.

	8-K	A financial report of unscheduled material events or corporate changes.

Click here for all up-to-the-minute SEC filings for Wells Timberland.

Program Life Cycle

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Program Sponsor

The program sponsor is an affiliate of Wells Real Estate Funds, which has become a leader in providing real asset investment opportunities for individual investors. Since its founding by Leo Wells in 1984, Wells Real Estate Funds has invested over $12 billion on behalf of more than 250,000 investors as of March 31, 2010.

Investor Profile

Wells Timberland may be appropriate for investors seeking:

A long-term investment with an intended 10-year time horizon
Total returns through a combination of capital appreciation and potential future cash distributions
Return potential that is not correlated with stocks, bonds, or commercial real estate
A partial inflation hedge that has been generally related to the rate of inflation
Investment in a renewable and sustainable natural resource

DISCLOSURES

Click here to view SEC filings for up-to-the-minute updates to the Wells Timberland portfolio. Click here to view a PDF of the prospectus. Click here to view a risk factor disclosure.

Wells Timberland REIT, Inc. has a limited operating history and to date has made only one acquisition, Mahrt Timberland, a collection of timberlands in Georgia and Alabama. Wells Timberland REIT, Inc. may not achieve the level of diversification described in the prospectus.

As of March 24, 2010, Wells Timberland's total borrowings were approximately 114% of net assets and 50% of the cost of the timber assets before adjustments for depletion and amortization. Wells Timberland is prohibited from making discretionary distributions or redeeming shares under its share redemption program (except for qualified disabilities and death) until certain loans and financial targets are satisfied.

This material contains forward-looking statements, which generally can be identified by our use of words such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Factors that could cause actual results to vary materially from those expressed in forward-looking statements include fluctuations in interest rates, demand risks, and lack of availability of financing.

Wells Timberland REIT, Inc. is sponsored by Wells Real Estate Funds, Inc. Wells Real Estate Funds, Inc. is affiliated with Wells Investment Securities, Inc. – Distributor – Member FINRA/SIPC.