Wells Real Estate Funds

  www.wellsref.com
  www.wellsref.com
There are newer employer reviews for Wells Real Estate Funds

 

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

23 Other Employee Reviews for Wells Real Estate Funds (View Most Recent)

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  1.  

    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
  2.  

    Great people, but the products did not perform well

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

    I have been working at Wells Real Estate Funds full-time (more than 3 years)

    Pros

    I've never been around such great people as during my time at Wells REF. Everyone was willing to talk to anyone and everyone always seemed happy. Vacation and benefits were the most generous of anywhere I've ever heard of

    Cons

    a lot of the issues with the non-traded REIT world and the upcoming regulations are because of how Wells handled their first two products.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for Wells Real Estate Funds

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