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

Disclaimer

This is neither an offer to sell nor a solicitation of an offer to buy any security, which can be made only by prospectus, filed or registered with appropriate state and federal regulatory agencies, and sold only by financial professionals authorized to do so. For more complete information about investing in programs sponsored by Wells Real Estate Funds, Inc., including charges and expenses, request a prospectus through your financial representative. Read the prospectus carefully before you invest or send money. There is no assurance that the investment objectives of this program will be attained. Consult the prospectus and the supplements for suitability standards and minimum investments in your state.

This material has been prepared by Wells Timberland REIT, Inc. Wells Timberland REIT, Inc. is affiliated with Wells Investment Securities, Inc. - Distributor - Member FINRA/SIPC.

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.