Wells Real Estate Funds
3.6 of 5 21 reviews
www.wellsref.com Norcross, GA 150 to 499 Employees

Wells Real Estate Funds Reviews

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3.6 21 reviews

                             

87% Approve of the CEO

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Leo F. Wells III

(15 ratings)

46% of employees recommend this company to a friend
10 Employee Reviews Back to all reviews
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    Was a good company to work for

    Anonymous Employee (Former Employee)

    ProsVery loyal to employees, amazing benefits, and very high pay in comparison to other companies

    ConsStrict Dress code and it was preferred that women wear panty hose

    – I'm not optimistic about the outlook for this company

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    A longer than usual run.

    Anonymous Employee (Former Employee)
    Norcross, GA

    ProsIt was an easy place to work at.

    ConsIt is all but out of business

    Advice to Senior ManagementAct instead of wait.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    ok, Nothing outstanding

    Anonymous Employee (Current Employee)
    Norcross, GA

    ProsWork Life balance, excellent benefits

    ConsLittle professional growth potential here

    Advice to Senior ManagementPromotions and growth opportunities should be equal and fair.

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    Great company... if you are man...

    Investor Services Representative (Former Employee)
    Atlanta, GA

    ProsThey have a great family oriented culture, great values, promotes christian values
    The management compensates well and bonus were before the real estate bubble burst
    Senior management takes the entire company on lavish trips yearly.
    Work relationships are very important
    They promote from within

    ConsNot diverse enough seems to be an old southern boys club.
    Senior management doesn't live up to the christian values, so its better if they don't publicly advocate it
    Because work relationships are very important, promotions are based on a buddy system, so if you want to move up, make sure you hang out with your managers and supervisors so that they can get to know you more.
    No real career path, you have to figure out other departments by yourself.
    Investor Services department is the most stressful environment and moving to other departments takes a while or may never happen

    Advice to Senior ManagementGreat corporate culture, wonderful compensation however, not all women want to be stay home moms and want a career in life. work on removing the glass ceiling for women and people of color.

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    Great company, very boring atmosphere.

    Property Accountant (Former Employee)
    Norcross, GA

    ProsMoral company with high values.

    ConsFeels like working in a public library.

    Advice to Senior ManagementBring interviewees around building.

    No, I would not recommend this company to a friend

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    A big mom and pop

    Senior Sales Coordinator (Former Employee)
    Norcross, GA

    ProsThe Bonuses (not offered anymore)

    ConsContinual layoffs as a result of bad management decisions

    Advice to Senior ManagementLook more at the people and less at the tests. Develop true ways to evaluate employees instead of generic metrics that don't measure what they're supposed to measure

    No, I would not recommend this company to a friend

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    Great people, however company is struggling to find it's future

    Anonymous Employee (Former Employee)

    ProsThey have great people, family environment, and great benefits. People truly want to see the company be a success once again.

    ConsThe organization is shrinking and there have been significant cutbacks. There is a lack of leadership and there is no clear vision for the future for the company.

    Advice to Senior ManagementBetter communication of company vision and understanding that unpleasant news also needs to be shared along with good news.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    OK

    Anonymous Employee (Current Employee)

    ProsGreat benefits, flexible time, calm atmosphere

    ConsBureaucracy, overstaffed, siloed departments NA

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    Falling in line is rewarded, not performance.

    Anonymous Employee (Former Employee)

    ProsNice benefits, 401k, vacation, pay. High pay for little work. If you want a high paying, slacker job, it offers some good opportunities. Their main products, non-traded REIT's (NTR's) usually offer the investor a higher dividend than a bank savings account. Have a long history of purchasing without the use of debt, but have a very good credit rating to compete in the market when necessary.

    ConsManagement is quick to deliver good news, slow with bad news, and in denial about negative aspects of their products. Employees are encouraged to pray that God graces the business. Company should be avoided by those with a marketable skill-set. What is taken from Wells has little application outside of it's unique market. NTR's can become very inflexible, including the inability to withdraw money when it's wanted or needed. Lots of money is wasted on unnecessary positions, at unnecessary meetings, and on unproductive employees. Change is made for change's sake.

    Advice to Senior ManagementHigh level managers there one day and gone the next, while business continues as if nothing happened is harmful to trustworthiness. Be respectful of other's opinions. Enforce the anti-gossip policy instead of ignoring the substantial gossip. Involvement with your church prayer groups is irrelevant.

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    • Disapproves of CEO

     

    Generally a good place to work with exceptional benefits

    Anonymous Employee (Current Employee)

    ProsGood benefits
    Great work/life balance
    Typically job growth had been present, although not so much in recent history
    Lots of activities in which to get involved with

    ConsSalary is lower, relatively speaking compared to competitors in same industry. However, if you take into effect the benefits, the overall package is similar.
    No clear direction as to where the company is going

    Advice to Senior ManagementCommunication between senior management and the rest of the firm is lacking. Need to make a better effort to inform the entire company of current events, etc..

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