Wells REIT II Declares 2nd Quarter 2011 Distribution
NORCROSS, Ga.
(June
29, 2011)
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Wells Real Estate Investment Trust II Inc. announced today its Board of Directors has maintained a quarterly distribution totaling $0.125 per share for its second quarter of 2011.
The distribution will be paid in June to shareholders of record as of June 15. 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.
"With the acquisition of trophy asset Market Square in the heart of Washington, D.C., and the closing of a $250 million private offering of senior notes, we are closing the door on a pivotal quarter for Wells REIT II," said Leo Wells, chairman of Wells REIT II. "We are encouraged by the operating position of the REIT and pleased to be offering this distribution to our shareholders."
Currently, the Wells REIT II portfolio includes 95 office buildings in 24 states, Washington, D.C., and Russia, covering more than 22 million square feet. Wells REIT II closed to new investments on June 30.
For information on Wells REIT II, visit http://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 more than 250,000 investors. For more information on Wells Real Estate Funds, visit http://www.WellsREF.com/.
This press 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 press 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:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001252849&owner=include.