Wells REIT II Declares 1st Quarter 2010 Distribution

Wells Real Estate Investment Trust II Inc. announced today its Board of Directors has maintained a quarterly distribution totaling $0.15 per share for its first quarter of 2010.

The distribution is unchanged for the 23rd consecutive quarter. It will be calculated on a daily basis and paid in March 2010 to shareholders of record during the period from Dec. 16, 2009, through March 15, 2010.

Wells REIT II, with more than 120,000 active investors, is a public, nontraded REIT focused primarily on Class-A office properties. “We remain encouraged by the operating position of the REIT, with strong occupancy and more than seven years remaining on the average lease,” said Leo Wells, president of Wells REIT II.

Currently, the Wells REIT II portfolio includes 85 office and industrial buildings in 23 states, Washington, D.C., and Russia, covering more than 20 million square feet, and totaling approximately $5 billion based on purchase price. The weighted-average credit rating of those tenants rated by Standard & Poor’s is BBB+, and the portfolio is 96 percent leased. For information on Wells REIT II, visit www.WellsReitII.com.

Wells Real Estate Funds, advisor to Wells REIT II, is a national real estate investment company founded in suburban Atlanta in 1984. In its history, Wells investment offerings – current and closed – have invested more than $12 billion in real estate for more than 250,000 investors. For more information on Wells Real Estate Funds, visit www.WellsREF.com.

REIT quarterly distributions may include dividend income as well as return of capital and capital gains. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Readers of this press release should be aware that there are various factors that could cause actual results to differ materially from any forward-looking statements made in this release. Factors that could cause or contribute to such differences include, but are not limited to, changes in general economic and business conditions, industry trends, changes in government rules and regulations (including changes in tax laws), and increases in interest rates. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. This is neither an offer nor a solicitation to purchase securities. Such an offer can be made only by prospectus. To obtain a prospectus, please contact Wells Investment Securities, Inc., 6200 The Corners Parkway, Norcross, Ga. 30092-3365 (tel. 800-448-1010). For SEC filings: www.wellsref.com/investmentproducts/reit/secfilings.html.