Wells Real Estate Funds Reviews | Glassdoor

Wells Real Estate Funds Reviews

Updated December 16, 2016
30 reviews

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3.8
Star Star Star Star Star
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Leo F. Wells III
21 Ratings

30 Employee Reviews

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  1. "Best company to work for!"

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

    I worked at Wells Real Estate Funds full-time

    Pros

    Wonderful company culture, they really took care of their employees with competitive pay, generous benefit packages, company outings and charitable giving.

    Cons

    The revenue were impacted by market downturn, the company couldn't diversify in time and had to lay off people.


  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!


  3. "Great company but market moved too fast"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    Unmatched benefits
    Employees genuinely cared about others
    Good work life balance

    Cons

    Company was did not anticipate market changes and was slow to react.


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  5. "Outside of Georgia"

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

    Pros

    Good company culture, had good benefits and internal resources. Religious-based practices were a little strange to people outside of that locale, but people were nice.

    Cons

    Company didn't know how to manage other locations outside of HQ. Little opportunity outside of corporate office. Management culture was not open to criticism. Oversight of managers in other time zones was poor, to the point of misconduct and some employees being non-performing stowaways in remote locations.

    Advice to Management

    The company is a shadow of what it was previously. Either the lessons have been learned or they don't care.


  6. "My dream job...while it lasted"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Regional Vice President in Norcross, GA
    Former Employee - Regional Vice President in Norcross, GA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Wells Real Estate Funds (More than a year)

    Pros

    Energetic environment with an appreciation for the qualities required to lead in a competitive industry. Hard work with excellent rewards.

    Cons

    Industry changes and regulatory focus created an untenable situation leading to the firm decided to eliminate the vast majority of its sales staff.


  7. "Rewarding yet challenging because senior execs weren't held accountable to a P&L or budget."

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

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

    Pros

    Awesome work place culture and environment

    Cons

    Lack of accountability caused individual department heads to create silos and fiefdoms.

    Advice to Management

    Exit the business since you never hired a strong chief operating officer.


  8. "I couldn't have asked for a better place to work and grow"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Client Services Specialist in Norcross, GA
    Former Employee - Senior Client Services Specialist in Norcross, GA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    The company culture is a one of a kind. It was truly like working with a big family. From the unbelievable benefits, work life balance, and family first atmosphere, I couldn't have asked for a better place to work. A lot of PTO offered and can be accumulated over time, free healthcare, and great team and company building events. The CEO, Leo Wells, is a true leader and inspiration for me and have had a huge impact on my life. Having happy employees, leads to great products and service

    Cons

    Employees were a little misled or uninformed on the company status until it was a little too late. Company couldn't really adapt to a changing business tactics.

    Advice to Management

    Keep up the employee and culture driven attitude. Make sure to operate from the heart and soul


  9. "Great people, but the products did not perform well"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Norcross, GA
    Current Employee - Assistant Vice President in Norcross, GA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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.


  10. "Stewards of Investor's Money"

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

    I worked at Wells Real Estate Funds full-time (More than 8 years)

    Pros

    Leo Wells, the owner, really cares about his employees and tries to consistantly give the best benefits available to them.

    Cons

    The senior management tends to not share a 'single-focus' with the rest of the company. There are many silos which at times can cause unnecessary disfunction overall

    Advice to Management

    Set a corporate goal and share the plans with the staff. Use the expertise available in the company and allow it to grow.


  11. "Wonderful company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    Former Employee - Anonymous Employee in Norcross, GA
    Former Employee - Anonymous Employee in Norcross, GA
    Recommends
    Approves of CEO

    I worked at Wells Real Estate Funds full-time

    Pros

    Best group of people you could work with. Upper management respects the employees and treats them very well. Benefits are unbelievable and the work / life balance is great. The company has a successful history and has done a lot of great things.

    Cons

    The company has gone through some tough times recently, but management has handled it as well if not better than most companies would.



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