Land Sale Russell County AL


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):
June 20, 2012


WELLS TIMBERLAND REIT, INC.
(Exact name of registrant as specified in its charter)

Maryland
000-53193
20-3536671
 (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, including zip code)
 
Registrant's telephone number, including area code: (770) 449-7800
 
Former name or former address, if changed since last report: Not applicable
 
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 8.01. Other Events

On June 20, 2012, Wells Timberland REIT, Inc., through a wholly owned subsidiary, sold approximately 4,700 acres of timberland in Alabama to BTJ Farms, LLC, an unaffiliated third party, for approximately $8.3 million, exclusive of closing costs. The terms of the transaction are governed by a previously disclosed purchase and sale agreement dated as of May 7, 2012.







SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 
 
WELLS TIMBERLAND REIT, INC.
 
 
 
Date: June 21, 2012
By:
/s/ DOUGLAS P. WILLIAMS
 
 
Douglas P. Williams
Executive Vice President, Secretary, Treasurer and
Principal Financial Officer