Wells Real Estate Funds

  www.wellsref.com
  www.wellsref.com

Wells Real Estate Funds Reviews

23 Reviews
3.7
23 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Leo F. Wells III
17 Ratings

2 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    to the top then down..down...down

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Norcross, GA
    Current Employee - Anonymous Employee in Norcross, GA

    I have been working at Wells Real Estate Funds full-time (more than 10 years)

    Pros

    Unheard of and unequaled employee benefits; industry leader; employee dedication and professional commitment high with family-like camaraderie and mutual support

    Cons

    sigh...evolved to utter disappointment...company current condition is nighmarish case study of stubborn and unbending private control

    Advice to ManagementAdvice

    advice? really?

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Old School Micro Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - NONE in Norcross, GA
    Current Employee - NONE in Norcross, GA

    I have been working at Wells Real Estate Funds

    Pros

    The benefits are like none that I've had before. Generous Paid Time Off, medical/dental paid in full - there are no monthly charges to employees or immediate family members under the plan.

    Cons

    Very conservative company. Women wear panty hose with suits and closed-toed shoes year around - men, no facial hair or tatoos and suits with ties every day. Employees are sent home or "counseled" if it is believed their suits are not within guidlines. The suit requirement is comical considering they have a "Wells Zone" with Wii exercise games to be used by employees. Who wants to do that in heels and hose? There is prayer before meetings and there are meetings just for the sake of meeting - a waste of time. And whatever the Owner, Leo's, whim is at the time, everyone must comply. And his "yes" men are all around him kissing his ring finger all day long....it's nauseating at times...really over the top. There is no drinking on company trips - where you are also required to share rooms with other employees of the same sex (very awkward if you don't know the person well), including the "gift" of going to Amelia Island every year (unless you have the PTO available not to go). At Amelia Leo gets to have his ego stroked for 5 days. You are not allowed to check into the hotel if you are in denim. You are also told what is best to wear and "Wells appropriate" for your travel. And god forbid you bring your boyfriend/girlfriend and try to get a hotel room together....you're in trouble if they find out. Unmarried couples must sleep in separate rooms. Professionally, the management at Wells is old school. They have great properties and some real talent on their payroll but the desire to adhere to the Southern Baptist, Good-ole boy mentality has restricted some and offended many (me included).
    I think a long time ago Leo Wells heart was in the right place - and maybe it still is - but he loves himself so much these days that he cannot focus beyond himself and his generousity to see the bad company moral that is spreading throughout his company. Or heck....maybe he just doesn't care.

    Advice to ManagementAdvice

    Treat your employees like people. Listen to them - don't make them afraid to speak up for change!

    Doesn't Recommend
    Disapproves of CEO

Work at Wells Real Estate Funds? Share Your Experiences

Wells Real Estate Funds

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.