WELLS REAL ESTATE FUND XI L P

CIK:0001018216|SEC Filings

Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Statements of Operations (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Equity in Income (Loss) of Joint Venture	$ 3,536	$ (6,038)	$ (659,364)	$ (12,867)
General and Administrative Expenses	27,890	35,110	102,269	111,379
Interest and Other Income	733	783	1,945	2,753
Gain on Sale of Interest in Joint Venture	224	0	224	0
Net Loss	(23,397)	(40,365)	(759,464)	(121,493)
Class A Limited Partners
Net Loss			(759,464)
Net Loss Allocated to:
Limited Partners	(23,397)	(40,365)	(759,464)	(86,396)
Net Loss per Weighted-Average Limited Partner Unit:
Net Loss per Weighted-Average Limited Partner Unit (in dollars per unit)	(0.02)	(0.03)	(0.53)	(0.06)
Weighted-Average Limited Partner Units Outstanding:
Weighted-Average Limited Partner Units Outstanding (in units)	1,430,724	1,430,724	1,430,724	1,430,724
Class B Limited Partners
Net Loss			0
Net Loss Allocated to:
Limited Partners	0	0	0	(35,097)
Net Loss per Weighted-Average Limited Partner Unit:
Net Loss per Weighted-Average Limited Partner Unit (in dollars per unit)	0.00	0.00	0.00	(0.16)
Weighted-Average Limited Partner Units Outstanding:
Weighted-Average Limited Partner Units Outstanding (in units)	222,556	222,556	222,556	222,556
General Partners
Net Loss			0
Net Loss Allocated to:
General Partners	$ 0	$ 0	$ 0	$ 0

Statements of Cash Flows (USD $)	9 Months Ended
Statements of Cash Flows (USD $)	Sep. 30, 2013	Sep. 30, 2012
Cash Flows from Operating Activities:
Net loss	$ (759,464)	$ (121,493)
Adjustments to reconcile net loss to net cash used in operating activities:
Operating distributions received from joint ventures	0	30,275
Equity in loss of joint venture	659,364	12,867
Gain on sale of interest in joint venture	(224)	0
Changes in assets and liabilities:
(Increase) decrease in other assets	(13,192)	323
Decrease in accounts payable and accrued expenses	(2,927)	(3,931)
Decrease in due to affiliates	(1,736)	(1,059)
Net cash used in operating activities	(118,179)	(83,018)
Cash Flows from Investing Activities:
Investment in joint venture	(377,892)	0
Net sale proceeds received from sale of interest in joint venture	916,237	0
Net cash provided by investing activities	538,345	0
Net Increase (Decrease) in Cash and Cash Equivalents	420,166	(83,018)
Cash and Cash Equivalents, beginning of period	1,548,502	1,691,184
Cash and Cash Equivalents, end of period	$ 1,968,668	$ 1,608,166

Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets:
Investment in joint venture	$ 0	$ 1,197,485
Cash and cash equivalents	1,968,668	1,548,502
Other assets	19,836	6,644
Total assets	1,988,504	2,752,631
Liabilities:
Accounts payable and accrued expenses	3,520	6,447
Due to affiliates	3,188	4,924
Total liabilities	6,708	11,371
Commitments and Contingencies
Partners' Capital:
Total partners’ capital	1,981,796	2,741,260
Total liabilities and partners’ capital	1,988,504	2,752,631
Class A Limited Partners
Partners' Capital:
Limited Partners	1,981,796	2,741,260
Total partners’ capital	1,981,796	2,741,260
Class B Limited Partners
Partners' Capital:
Limited Partners	0	0
Total partners’ capital	0	0
General Partners
Partners' Capital:
General Partners	0	0
Total partners’ capital	$ 0	$ 0