Wells REIT II declares distribution.

Wells Real Estate Investment Trust II Inc. (Wells REIT II) announced its Board of Directors has declared a quarterly distribution of $0.15 per share for its third quarter of 2006.

Wells REIT II is the largest nontraded REIT currently open to investors.

The distribution will be calculated on a daily basis and paid in September 2006 to shareholders of record during the period from June 16, 2006, through September 15, 2006. The distribution is unchanged from the previous quarter.

Currently, the Wells REIT II portfolio includes more than 11 million square feet of space in 47 Class-A office and industrial buildings in 24 real estate markets in 16 states and Washington, D.C. The weighted-average credit rating of those tenants rated by Moody's Investors Service or Standard & Poor's is "BBB+," and the portfolio is 96 percent leased.

REIT quarterly distributions may include dividend income as well as return of capital and capital gains. Wells REIT II is a public, nontraded REIT focused primarily on office and industrial properties.

Wells Real Estate Funds, a national real estate investment management company, purchases real estate on behalf of Wells-sponsored investment programs.

Since 1984, more than 200,000 people across the country have invested, through their financial representatives, in Wells-sponsored programs to help diversify their portfolios.