Properties

Mahrt Timberland

Highlights

Acquired: October 2007
Location: Georgia and Alabama with more than 50 mills within a 100-mile radius
Acreage: 308,560 acres (223,300 acres owned plus leasehold interests for another 85,260 acres1)
Inventory: 60% softwoods, 40% hardwoods, ranging from one to 70 years old
Potential Revenue Sources:
  • Long-term wood fiber supply agreements with MeadWestvaco
  • Sales of timber-harvesting rights
  • Sales of land-use rights for hunting and recreation

Certification: Sustainable Forestry Initiative® program

1 Wells Timberland Supplement 6

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

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.