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<B><FONT SIZE=3><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


<P ALIGN="CENTER">WASHINGTON, DC 20549</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">FORM 8-K</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">CURRENT REPORT</P>


<P ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d) OF THE </P>


<P ALIGN="CENTER">SECURITIES EXCHANGE ACT OF 1934</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P></B></FONT>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=590>


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<FONT SIZE=3><P>Date of Report (Date of earliest event reported)</FONT></TD>


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<U><FONT SIZE=3><P ALIGN="CENTER">May 27, 2005</U></FONT></TD>


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<B><FONT SIZE=3><P ALIGN="CENTER"></P>


</B><U><P ALIGN="CENTER">Wells Real Estate Fund IV, L.P.&#9;</P>


</U><P ALIGN="CENTER">(Exact Name of Registrant as Specified in Charter)</P>


<B><P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P></B></FONT>


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<U><FONT SIZE=3><P ALIGN="CENTER">Georgia</U></FONT></TD>


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<U><FONT SIZE=3><P ALIGN="CENTER">0-20103</U></FONT></TD>


<TD WIDTH="33%" VALIGN="TOP">


<U><FONT SIZE=3><P ALIGN="CENTER">58-1915128</U></FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(State or Other Jurisdiction of Incorporation)</FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(Commission File Number)</FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(IRS Employer Identification No.)</FONT></TD>


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<P ALIGN="CENTER">&nbsp;</P></B></FONT>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=590>


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<U><FONT SIZE=3><P ALIGN="CENTER">6200 The Corners Parkway, Norcross, Georgia</U></FONT></TD>


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<U><FONT SIZE=3><P ALIGN="CENTER">30092-3365</U></FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(Address of Principal Executive Offices)&#9;</FONT></TD>


<TD WIDTH="42%" VALIGN="TOP">


<FONT SIZE=3><P ALIGN="CENTER">(Zip Code)</FONT></TD>


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<P ALIGN="CENTER">Registrant's telephone number, including area code: <U>(770) 449-7800</P>


</U>


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<P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">(Former Name or Former Address, if Changed Since Last Report)</P>


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<P ALIGN="CENTER">&nbsp;</P>


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<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>





</FONT><FONT SIZE=2><P>[]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR>


[]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>


[]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>


[]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))</P>


</FONT><B><P>Item 1.01.  Entry into a Material Definitive Agreement</P>


</B><FONT COLOR="#ff0000"><P ALIGN="JUSTIFY"></P>


</FONT><B><FONT SIZE=3><P>4400 Cox Road</P>


</B>


<P ALIGN="JUSTIFY">On May 27, 2005, Fund III and Fund IV Associates (&quot;Fund III-IV Associates&quot;), a joint venture between Wells Real Estate Fund III, L.P. and Wells Real Estate Fund IV, L.P. (the &quot;Registrant&quot;), entered into a purchase and sale agreement (the &quot;Agreement&quot;) to sell a two-story office building containing approximately 41,700 rentable square feet located in Richmond, Virginia (&quot;4400 Cox Road&quot;) to ASI Partners, LLC, which is the sole owner of Apex Systems, Inc. (&quot;Apex&quot;), the majority tenant which leases approximately 65% of 4400 Cox Road for a gross sales price of $6,500,000, less closing costs.  The Registrant holds an equity interest of approximately 43% in Fund III-IV Associates.  4400 Cox Road is 100% owned by Fund III-IV Associates.  The Registrant expects the closing of this transaction to occur during the second quarter of 2005.  The completion of this transaction is currently subject to, among other things, a due diligence period expiring on June 6, 2005.  Accordingly, there are no assurances that this sale will be completed.</P>


</FONT><P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<P ALIGN="JUSTIFY">&nbsp;</P>


<B><FONT SIZE=3><P ALIGN="CENTER">&nbsp;</P>


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<P ALIGN="CENTER">&nbsp;</P>


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<P ALIGN="CENTER">SIGNATURES</P>


</B><P ALIGN="JUSTIFY"></P></DIR>


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<P ALIGN="JUSTIFY">&#9;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.</P>


<P ALIGN="JUSTIFY"></P></FONT>


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<FONT SIZE=3><P>WELLS REAL ESTATE FUND IV, L.P<BR>


(Registrant)</FONT></TD>


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<P ALIGN="RIGHT">By:</TD>


<TD WIDTH="48%" VALIGN="TOP">


<FONT SIZE=3><P>WELLS PARTNERS, L.P.<BR>


General Partner</FONT></TD>


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<P ALIGN="RIGHT">By:</TD>


<TD WIDTH="42%" VALIGN="TOP">


<FONT SIZE=3><P>WELLS CAPITAL, INC.<BR>


General Partner</FONT></TD>


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<P ALIGN="RIGHT">By:</TD>


<TD WIDTH="36%" VALIGN="TOP">


<U><FONT SIZE=3><P>/s/ Leo F. Wells, III<BR>


</U>Leo F. Wells, III<BR>


President</FONT></TD>


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<FONT SIZE=3><P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY">Date:  June 1, 2005</P>





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{"company-data": {"conformed-name": "WELLS REAL ESTATE FUND IV L P", "cik": "0000869712", "assigned-sic": "6500", "irs-number": "581915128", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-20103", "film-number": "05871056"}, "business-address": {"street1": "3885 HOLCOMB BRIDGE RD", "city": "NORCROSS", "state": "GA", "zip": "30092", "phone": "4044497800"}, "mail-address": {"street1": "3882 HOLCOMB BRIDGE ROAD", "city": "NORCROSS", "state": "GA", "zip": "30092"}}
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
May 27, 2005
Wells Real Estate Fund IV, L.P.
(Exact Name of Registrant as Specified in Charter)
Georgia
0-20103
58-1915128
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
6200 The Corners Parkway, Norcross, Georgia
30092-3365
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(770) 449-7800
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))
Item 1.01.  Entry into a Material Definitive Agreement
4400 Cox Road
On May 27, 2005, Fund III and Fund IV Associates ("Fund III-IV Associates"), a joint venture between Wells Real Estate Fund III, L.P. and Wells Real Estate Fund IV, L.P. (the "Registrant"), entered into a purchase and sale agreement (the "Agreement") to sell a two-story office building containing approximately 41,700 rentable square feet located in Richmond, Virginia ("4400 Cox Road") to ASI Partners, LLC, which is the sole owner of Apex Systems, Inc. ("Apex"), the majority tenant which leases approximately 65% of 4400 Cox Road for a gross sales price of $6,500,000, less closing costs.  The Registrant holds an equity interest of approximately 43% in Fund III-IV Associates.  4400 Cox Road is 100% owned by Fund III-IV Associates.  The Registrant expects the closing of this transaction to occur during the second quarter of 2005.  The completion of this transaction is currently subject to, among other things, a due diligence period expiring on June 6, 2005.  Accordingly, there are no assurances that this sale will be completed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
WELLS REAL ESTATE FUND IV, L.P
(Registrant)
By:
WELLS PARTNERS, L.P.
General Partner
By:
WELLS CAPITAL, INC.
General Partner
By:
/s/ Leo F. Wells, III
Leo F. Wells, III
President
Date:  June 1, 2005