Organization and Business (Tables)

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Real Estate Properties

During the periods presented, Wells VAF I owned direct interests in the following properties:

	% Leased as of	% Leased as of
	June 30, 2014	June 30, 2013
1. Nathan Lane Building A five-story office building located in Plymouth, Minnesota	45%	45%
2. Commerce Street Building(1) A four-story office building and two floors of a parking deck located in Nashville, Tennessee	—	85%

⁽¹⁾This building was sold in August 2013.

The table below represents the detail of the adjustment recognized during the three and six months ended June 30, 2014 using Level 3 inputs.

Property	Net Book Value (1)		Impairment Loss Recognized		Fair Value
Nathan Lane Building	$	16,017,217	$	2,304,414	$	13,712,803

⁽¹⁾  Net book value includes the straight-line rent receivable as of June 30, 2014, which is included in tenant receivables in the accompanying balance sheets.