Wells Real Estate Funds - Falling in line is rewarded, not performance. | Glassdoor
There are newer employer reviews for Wells Real Estate Funds
There are newer employer reviews for Wells Real Estate Funds

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"Falling in line is rewarded, not performance."

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

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 Management

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.

Other Employee Reviews for Wells Real Estate Funds

  1. "Generally a good place to work with exceptional benefits"

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

    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 Management

    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..


  2. "Regional Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Norcross, GA
    Former Employee - Anonymous Employee in Norcross, GA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Wells Real Estate Funds full-time (More than 3 years)

    Pros

    Incredibly kind and competent people. Unique industry where Wells is a well known name. Product story is relatively simple

    Cons

    History of product performance greatly inhibits sales ability. Wells Core REIT II was the largest ever REIT to date and performed poorly putting a bad taste in advisor's mouths and causing a massive decrease in sales

    Advice to Management

    The firm is out of business, no advice for management. There is no Wells Real Estate Funds anymore. Reopen the firm would be my advice!

There are newer employer reviews for Wells Real Estate Funds
There are newer employer reviews for Wells Real Estate Funds

See Most Recent

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