Wells Real Estate Funds

  www.wellsref.com
  www.wellsref.com
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Wells Real Estate Funds Reviews

Updated September 4, 2014
Updated September 4, 2014
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

Employee Reviews

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  1.  

    Company Satisfaction

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

    I have been working at Wells Real Estate Funds full-time for more than 8 years

    Pros

    Christian focused environment with loyal employees

    Cons

    Economic conditions have hurt companies growth.

    Recommends
    Negative Outlook
    Approves of CEO
  2. 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
  3.  

    Not for everyone but a great place to work

    • 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

    Outstanding benefits including company paid health benefits for the entire family
    Caring corporate culture
    People are outstanding and very qualified in their fields
    Founder/Owner a VERY generous man
    Strong values set

    Cons

    Conservative dress policy may not appeal to some.

    Advice to ManagementAdvice

    Communication to employees regarding comany vision has been an issue in the past, but steps are being taken to address that via quarterly meetings.

    Recommends
    Approves of CEO
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  5. 1 person found this helpful  

    Great people, amazing benefits, a bit old fashioned.

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

    I have been working at Wells Real Estate Funds

    Pros

    benefits have to be some of the best anywhere. great opportunities for personal growth, vacation days, corporate retreat. Christian company, so expect prayers before all meetings. Leo is a class act with an open door policy.

    Cons

    a little old fashioned in the culture, super strict dress code (suits & panty hose). the interview process is lengthy, including psychologist.

    Recommends
    Approves of CEO
  6. 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
  7.  

    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
  8.  

    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
  9.  

    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
  10.  

    A great place to work...with some catches.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Director  in  Atlanta, GA
    Current Employee - Director in Atlanta, GA

    I have been working at Wells Real Estate Funds

    Pros

    Excellent benefits. Company cares for employees.

    Cons

    Wells has a very conservative corporate culture.

    Advice to ManagementAdvice

    Always be open with employees. Full disclosure reduces speculation and improves attitudes.

    Approves of CEO
  11.  

    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 for 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

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