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
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Leo F. Wells III
17 Ratings

10 Employee Reviews Back to all reviews

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  1.  

    Was a good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wells Real Estate Funds

    Pros

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

    Cons

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

    Negative Outlook
    Approves of CEO
  2.  

    A longer than usual run.

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

    I worked at Wells Real Estate Funds full-time (more than 10 years)

    Pros

    It was an easy place to work at.

    Cons

    It is all but out of business

    Advice to ManagementAdvice

    Act instead of wait.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    ok, Nothing outstanding

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    Work Life balance, excellent benefits

    Cons

    Little professional growth potential here

    Advice to ManagementAdvice

    Promotions and growth opportunities should be equal and fair.

    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investor Services Representative in Atlanta, GA
    Former Employee - Investor Services Representative in Atlanta, GA

    I worked at Wells Real Estate Funds

    Pros

    They 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

    Cons

    Not 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 ManagementAdvice

    Great 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.

    Approves of CEO
  6.  

    Great company, very boring atmosphere.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Property Accountant in Norcross, GA
    Former Employee - Property Accountant in Norcross, GA

    I worked at Wells Real Estate Funds

    Pros

    Moral company with high values.

    Cons

    Feels like working in a public library.

    Advice to ManagementAdvice

    Bring interviewees around building.

    Doesn't Recommend
    Approves of CEO
  7.  

    A big mom and pop

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Sales Coordinator in Norcross, GA
    Former Employee - Senior Sales Coordinator in Norcross, GA

    I worked at Wells Real Estate Funds

    Pros

    The Bonuses (not offered anymore)

    Cons

    Continual layoffs as a result of bad management decisions

    Advice to ManagementAdvice

    Look 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

    Doesn't Recommend
    No opinion of CEO
  8.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wells Real Estate Funds full-time (more than 5 years)

    Pros

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

    Cons

    The 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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9.  

    OK

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wells Real Estate Funds

    Pros

    Great benefits, flexible time, calm atmosphere

    Cons

    Bureaucracy, overstaffed, siloed departments NA

  10.  

    Falling in line is rewarded, not performance.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wells Real Estate Funds

    Pros

    Nice 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.

    Cons

    Management 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 ManagementAdvice

    High 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.

    Approves of CEO
  11.  

    Generally a good place to work with exceptional benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wells Real Estate Funds

    Pros

    Good 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

    Cons

    Salary 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 ManagementAdvice

    Communication 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..

    Disapproves of CEO

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