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


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


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<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>


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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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<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">April 21, 2006</U></FONT></TD>


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</B><U><P ALIGN="CENTER">Wells Real Estate Fund II</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">0-16518</U></FONT></TD>


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<U><FONT SIZE=3><P ALIGN="CENTER">58-1678709</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>


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<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>


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<U><P ALIGN="CENTER">N/A</P>


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


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<P ALIGN="JUSTIFY">[]  &#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>


<P ALIGN="JUSTIFY">[]  &#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>


<P ALIGN="JUSTIFY">[]  &#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR   240.14d-2(b))</P>


<P>[]  &#9;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>





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<B><FONT SIZE=3><P>Item 1.01 Entry Into a Material Definitive Agreement</P>


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</FONT><FONT SIZE=3><P ALIGN="JUSTIFY">On March 1, 2006, Fund I and Fund II Tucker (&quot;Fund I-II Tucker Associates&quot;) entered into an agreement to sell a commercial office complex containing approximately 67,000 rentable square feet and located in Tucker, Georgia (&quot;Heritage Place&quot;) to an unaffiliated third party for a gross sales price of $4,215,000, excluding closing costs (the &quot;Agreement&quot;).  Fund I-II Tucker Associates is a joint venture between Wells Real Estate Fund I and Fund II and Fund II-OW (&quot;Fund II-IIOW Associates&quot;).  Fund II-IIOW Associates is a joint venture between Wells Real Estate Fund II (the &quot;Registrant&quot;) and Wells Real Estate Fund II-OW.  As of April 21, 2006, the inspection period has expired and the earnest money deposit of $75,000 has become non-refundable pursuant to the Agreement.  The Registrant expects this transaction to close in the second quarter of 2006; however, there are no assurances regarding when or if this sale will be completed.</P>


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<P ALIGN="JUSTIFY">The Registrant holds an equity interest of approximately 45.5% in Fund I-II Tucker Associates.  Heritage Place is 100% owned by Fund I-II Tucker Associates.  </P>


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


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<P ALIGN="JUSTIFY">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>


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<P>WELLS REAL ESTATE FUND II</P>


<P>(Registrant)</P>





<P>By:&#9;Wells CAPITAL, INC.</P>


<P>General Partner</P>


<P>By:&#9;<U>/s/ Leo F. Wells, III</U>&#9;&#9;</P><DIR>


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<P>Leo F. Wells, III</P></DIR>


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<P>&#9;President</P>


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<P ALIGN="JUSTIFY">Date:  April 25, 2006</P>


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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)
April 21, 2006
Wells Real Estate Fund II
(Exact Name of Registrant as Specified in Charter)
Georgia
0-16518
58-1678709
(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
N/A
(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-4(c))
Item 1.01 Entry Into a Material Definitive Agreement
On March 1, 2006, Fund I and Fund II Tucker ("Fund I-II Tucker Associates") entered into an agreement to sell a commercial office complex containing approximately 67,000 rentable square feet and located in Tucker, Georgia ("Heritage Place") to an unaffiliated third party for a gross sales price of $4,215,000, excluding closing costs (the "Agreement").  Fund I-II Tucker Associates is a joint venture between Wells Real Estate Fund I and Fund II and Fund II-OW ("Fund II-IIOW Associates").  Fund II-IIOW Associates is a joint venture between Wells Real Estate Fund II (the "Registrant") and Wells Real Estate Fund II-OW.  As of April 21, 2006, the inspection period has expired and the earnest money deposit of $75,000 has become non-refundable pursuant to the Agreement.  The Registrant expects this transaction to close in the second quarter of 2006; however, there are no assurances regarding when or if this sale will be completed.
The Registrant holds an equity interest of approximately 45.5% in Fund I-II Tucker Associates.  Heritage Place is 100% owned by Fund I-II Tucker Associates.
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 II
(Registrant)
By:	Wells CAPITAL, INC.
General Partner
By:
/s/ Leo F. Wells, III
Leo F. Wells, III
President
Date:  April 25, 2006