Wells Fargo #1 in Commercial Real Estate Transactions for Third Consecutive Year

SAN FRANCISCO, April 17 /PRNewswire-FirstCall/ -- For the third
consecutive year, Wells Fargo & Company (NYSE: WFC) ranks #1 in commercial
real estate/multifamily origination volume by number of transactions,
according to the Mortgage Bankers Association (MBA).
In 2007, Wells Fargo originated 11,692 commercial real estate and
multifamily transactions, more than double its closest competitor. Wells Fargo
was #1 in total dollar volume as an intermediary with $32.5 billion (including
Wells Fargo's Eastdil). Wells Fargo also was #1 in lending in the office
sector (2,390 transactions, $29 billion); industrial sector (2,446
transactions, $5.7 billion); and #1 in the hotel sector for transactions
(573).
"Our consistent performance in this survey is a tribute to the dedication
and teamwork of our commercial real estate professionals across the country,"
said Dave Hoyt, head of Wells Fargo Wholesale Banking. "Our organizational
strength, community-oriented lending model, and expertise in the larger and
middle markets -- as well as institutional and structured debt segments of the
industry -- enable us to satisfy the financial needs of all types of
customers."
Wells Fargo provides lending, servicing, advisory, intermediary, and
structured solutions to a broad spectrum of investors, developers, and public
companies in the commercial real estate sector.
Wells Fargo & Company is a diversified financial services company with
$595 billion in assets, providing banking, insurance, investments, mortgage
and consumer finance through almost 6,000 stores and the internet
(wellsfargo.com) across North America and internationally. Wells Fargo Bank,
N.A. is the only bank in the U.S., and one of only two banks worldwide, to
have the highest credit rating from both Moody's Investors Service, "Aaa," and
Standard & Poor's Ratings Services, "AAA."
SOURCE Wells Fargo & Company

Gabriel Boehmer of Wells Fargo & Company, +1-503-886-4186