In the early stages of their life cycles, most nontraded REITs contract with a third-party adviser to make their investment decisions and manage their day-to-day operations. Wells REIT II has this type of arrangement.
Wells REIT II is externally managed and advised by Wells Capital, an affiliate of Wells Real Estate Funds, Inc. For nearly 25 years, Wells Real Estate Funds has been helping investors diversifying their portfolios.
As a real estate investment manager and Advisor, Wells employs its knowledge and experience to guide Wells REIT II. Because Wells REIT II has no employees of its own, it relies on Wells to direct its day-to-day operations and investment decisions.
History
Wells Real Estate Funds was founded by Leo Wells in 1984. Founded on a disciplined investment philosophy, Wells Real Estate Funds today is one of America’s leading real estate investment management companies. Since its beginning, Wells has invested over $12 billion in real estate on behalf of investors and has provided investors the opportunity to further diversify their portfolios with quality commercial real estate. Wells Real Estate Funds has managed approximately $6 billion of real asset investments for over 250,000 investors.
Don Henry is Chief Real Estate Officer for Wells Real Estate Funds.
Don Henry is the Chief Real Estate Officer for Wells Real Estate Funds. He oversees the acquisitions, finance, dispositions, and property and asset management functions for Wells’ real estate group. Prior to being named to his current post, Mr. Henry was managing director of the asset management department. In this capacity, Mr. Henry supervised a group whose responsibilities included performing due diligence on acquisition targets, developing and implementing long-term investment strategies for each property, executing value-added strategies, and positioning properties for sale.
Prior to joining Wells in 2002, Mr. Henry was a Principal, Portfolio Management, with Lend Lease Real Estate Investments Inc., where he was responsible for public and corporate pension funds with $800 million in managed assets. In this capacity, he designed and implemented investment and leverage strategies based on client investment objectives and capital/real estate market fundamentals. From 1995 to 1999, Mr. Henry was Vice President, Asset Management Retail Group for Lend Lease, where he managed assets for seven regional malls with a combined value of $430 million. He was directly responsible for overseeing the property management, leasing, marketing, legal, and construction functions of each property. Mr. Henry began his career with Deloitte & Touche LLP, where he was a senior manager in the firm’s emerging business services group.
