Wells Real Estate Funds Reviews | Glassdoor

Wells Real Estate Funds Reviews

9 reviews

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4.0
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Leo F. Wells III
7 Ratings

9 Employee Reviews

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  1. "Regional Vice President"

    StarStarStarStarStar
    • 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!


  2. "Great company but market moved too fast"

    StarStarStarStarStar
    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.

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

    StarStarStarStarStar
    • 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


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

    StarStarStarStarStar
    • 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.


  5. "Stewards of Investor's Money"

    StarStarStarStarStar
    • 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.


  6. "A great firm with great people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Property Manager
    Former Employee - Property Manager
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Very trustworthy and dependable group of people that will always work with you to help alleviate problems or issues that arise.

    Cons

    Their VERY conservative investment platform limited their growth in multiple markets and made upward mobility or career advancement very slow.


  7. "Great"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Culture is pretty good and encouraging. They reward good performance and have an excellent health care package. Overall, its a fun place to work.

    Cons

    Not many. The company sounds like it might be shutting down, so that would be a big con. Other than that, its a good place to work.

  8. "Overall experience with Wells has been good."

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

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

    Pros

    Great benefits, people and worklife balance. Not micro-managed in my department. Flex time as well as working remotely a great advantage with the Atlanta traffic.

    Cons

    Company is downsizing and many people have lost their jobs and/or will lose their jobs. Little opportunity for advancement. Some departments do not have the same flexibility as others as far as flex time or working remotely.

    Advice to Management

    Need better communication throughout.


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

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

    Pros

    Excellent benefits. Company cares for employees.

    Cons

    Wells has a very conservative corporate culture.

    Advice to Management

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


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