Wells Real Estate Funds - Great people, however company is struggling to find it's future | 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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"Great people, however company is struggling to find it's future"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee
Doesn't Recommend
Negative Outlook
Approves of CEO

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 Management

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

Other Employee Reviews for Wells Real Estate Funds

  1. "OK"

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

    Pros

    Great benefits, flexible time, calm atmosphere

    Cons

    Bureaucracy, overstaffed, siloed departments NA


  2. "Falling in line is rewarded, not performance."

    StarStarStarStarStar
    • 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.

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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