v2.4.0.8

Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets:
Investment in joint ventures	$ 0	$ 13,713,800
Cash and cash equivalents	16,031,488	1,750,838
Due from joint ventures	0	378,631
Other assets	35,601	16,270
Total assets	16,067,089	15,859,539
Liabilities:
Accounts payable and accrued expenses	3,551	10,872
Due to affiliates	4,131	8,160
Total liabilities	7,682	19,032
Commitments and Contingencies
Partners' Capital:
Total partners’ capital	16,059,407	15,840,507
Total liabilities and partners’ capital	16,067,089	15,859,539
Cash Preferred Limited Partners
Partners' Capital:
Limited Partners	15,631,009	15,831,458
Total partners’ capital	15,631,009	15,831,458
Tax Preferred Limited Partners
Partners' Capital:
Limited Partners	421,374	0
Total partners’ capital	421,374	0
General Partners
Partners' Capital:
General Partners	7,024	9,049
Total partners’ capital	$ 7,024	$ 9,049

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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WELLS REAL ESTATE FUND XII LP 10-Q