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Contact for Media Professionals Only

Margot Olcay
Rubenstein Communications
(212) 843-8284
E-mail: molcay@rubenstein.com

 
 
 

This is neither an offer to sell nor a solicitation of an offer to buy Wells Core Office Income REIT, Inc. (or "the REIT"); an offering is made only by prospectus. This information must be preceded or accompanied by a prospectus in order to understand fully all of the implications and risks of the offering. Neither the Attorney General of the State of New York nor any other state regulators have passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense

Please read the prospectus carefully for complete details and state suitability standards. This investment is not suitable for all investors and involves a high degree of risk. Investment risks include:

  • The prior performance of real estate investment programs sponsored by the affiliates of the REIT's Advisor may not be indicative of the REIT's future results.
  • The REIT currently has a limited operating history and owns few properties. Consequently, its performance and the performance of its investments are difficult to predict.
  • Shares are not publicly traded; if shares can be sold, they may be worth less than what was paid for them. Share price is not established on an independent basis and does not reflect the net asset value. Share price is likely to be higher than the amount received upon liquidation at this time because certain fees are charged up-front.
  • Inadequate fundraising would limit the size and diversification of the portfolio, which could increase investment risk, as the value of your investment may vary more widely with the performance of specific assets.
  • The REIT is dependent upon its Advisor and its affiliates to conduct operations; adverse changes with our relationship or their financial standing could negatively impact operations.
  • The REIT may not meet the stated investment objectives or may change the investment objective, and investors may lose their investment.
  • The REIT has qualified for and elected REIT tax status, and its management believes it is organized to continue to qualify for REIT tax status. Should REIT requirements not be met, taxes may increase, thereby reducing investors’ returns. Failure to retain REIT tax status would result in taxable income being subject to federal income taxes at corporate rates; also, the investment would be disqualified from treatment as a REIT for the four taxable years following the year in which REIT status was lost.
  • The REIT may issue additional stock that may dilute the value or subordinate the rights of our common stockholders.
  • If the REIT is not able to invest funds raised in a timely manner, investor returns may be reduced.
  • The REIT can pay distributions from sources other than cash from operations, including offering proceeds and borrowings, without limit. This could be considered return of capital and may reduce the funds available to acquire properties.
  • Tax-deferral can occur on the return of capital paid when the REIT's distributions exceed revenues earned.
  • No investor may own more than 9.8% of the REIT's stock unless exempted by the Board of Directors. The REIT may seek provisions regarding anti-takeover protection in the future, once the portfolio becomes more established.
  • The executive officers, directors, the Advisor, and its affiliates may face conflicts of interest regarding financial and intellectual resources. These conflicts could cause the REIT to receive disproportionate benefits compared to other programs they also represent. This may have a negative impact on the REIT.
  • Regardless of performance, considerable fees and expenses are paid to the Advisor, affiliates, and broker/dealers; these payments increase the risk that investors will not earn a profit on their investments.
  • The REIT's participation in a joint venture could reduce the REIT's returns.
  • Market conditions, tenant quality, and supply of office space can adversely impact the performance of the REIT's investments. Extreme market fluctuations create an unpredictable business environment.
  • Regulatory, economic, and environmental changes may impact real estate and/or tax legislation.
  • The REIT is likely to use debt in the future, which represents investment risk. Market conditions impact financing opportunities, which affect the portfolio's operations, diversification, and balance sheet. Higher interest rates can increase expenses, reduce acquisitions, and decrease investor returns.
  • The REIT must maintain fiduciary standards for accounts subject to ERISA.
  • Product not FDIC or NCUA/NCUSIF insured, not bank or credit union guaranteed, and may lose value.

Wells Core Office Income REIT is distributed through Wells Investment Securities, Inc. (WIS) -- Member FINRA/SIPC. Wells Core Office Income REIT, Wells Real Estate Funds, and WIS are affiliated.