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Wells Real Estate Funds

Is this your company?

Falling in line is rewarded, not performance. - Anonymous employee Wells Real Estate Funds Employee Review

3.0
2 Aug 2011
Anonymous employee
Recommend
CEO approval
Business outlook

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.

Explore other reviews about Wells Real Estate Funds

5.0
27 Feb 2024
Recommend
CEO approval
Business outlook

Pros

Wells RE was the best place to work Leo cared about his employees.

Cons

The only cons was when the company closed.

3.0
31 May 2010
Recommend
CEO approval
Business outlook

Pros

They have a great family oriented culture, great values, promotes christian values The management compensates well and bonus were before the real estate bubble burst Senior management takes the entire company on lavish trips yearly. Work relationships are very important They promote from within

Cons

Not diverse enough seems to be an old southern boys club. Senior management doesn't live up to the christian values, so its better if they don't publicly advocate it Because work relationships are very important, promotions are based on a buddy system, so if you want to move up, make sure you hang out with your managers and supervisors so that they can get to know you more. No real career path, you have to figure out other departments by yourself. Investor Services department is the most stressful environment and moving to other departments takes a while or may never happen

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