Article: Wells Real Estate Funds Selects Ernst & Young as New Auditor.

ATLANTA -- Wells Real Estate Funds announced today that the Board of Directors of its REIT and Mutual Fund has appointed Ernst & Young LLP as the companies' independent auditor, replacing Arthur Andersen LLP.

"On behalf of our shareholders, we conducted a rigorous process, interviewing a number of outstanding tax and audit firms, each of whom offered a unique set of skills, resources, and thought leadership. In the end, the decision of our Board to choose Ernst & Young was based on several key factors, central to which is a shared passion of providing Wells' investors with the highest level of trust in our business and financial practices. Wells is steadfast in ...

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