Piedmont Office Realty Trust (PDM) 8-K Entry into a Material Definitive Agreement

Exhibit 99.1

INDEPENDENT DIRECTOR COMPENSATION

OF WELLS REAL ESTATE INVESTMENT TRUST, INC.

Effective as of May 1, 2007

• Annual retainer to each Independent Director: $35,000

• Additional annual retainer paid to non-employee Chairman of the board of directors: $65,000

• Annual retainers for serving as a Committee Chairman:

^¡ Audit Committee Chairman: $10,000

^¡ Compensation Committee Chairman: $7,500

^¡ Chairman of the Nominating and Corporate Governance Committee, Capital Committee and other Committees: $5,000

• Attendance at regularly scheduled Board meetings: $1,500

• Attendance at special Board meetings: $750

• Attendance at Committee meetings: $1,500 (except that members of the Audit Committee will be paid $2,500 per meeting attended for each of the four meetings necessary to review the Corporation’s quarterly and annual financial statements)

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