<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-Q

(Mark One)

[X] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934

For the quarterly period ended                    June 30, 2001               or
                               -----------------------------------------------

[ ] Transition report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

For the transition period from                     to
                               -------------------    --------------------------

Commission file number                          0-23656
                       ---------------------------------------------------------

                        WELLS REAL ESTATE FUND VI, L.P.
--------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)

           Georgia                                              58-2022628
------------------------------------------------------    ----------------------
(State of other jurisdiction                                 (I.R.S. Employer
of incorporation or organization)                          Identification No.)

6200 The Corners Parkway, Suite 250, Norcross, Georgia            30092
------------------------------------------------------    ----------------------
      (Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code            (770) 449-7800
                                                          ----------------------

--------------------------------------------------------------------------------
  (Former name, former address and former fiscal year, if changed since last
                                    report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

     Yes    X      No
         --------     --------

<PAGE>

                                   Form 10-Q

                        Wells Real Estate Fund VI, L.P.

                                     INDEX


                                                                        Page No.
                                                                        --------

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

         Balance Sheets - June 30, 2001 and December 31, 2000              3

         Statements of Income for the Three Months and Six
           Months Ended June 30, 2001 and 2000                             4

         Statement of Partners' Capital for the Year Ended
           December 31, 2000 and the Six Months Ended
           June 30, 2001                                                   5

         Statements of Cash Flows for the Six Months Ended
           June 30, 2001                                                   6

         Condensed Notes to Financial Statements                           7

Item 2.  Management's Discussion and Analysis of Financial Condition
           and Results of Operations                                      10

PART II. OTHER INFORMATION                                                11

                                       2
<PAGE>

                        WELLS REAL ESTATE FUND VI, L.P.

                    (A Georgia Public Limited Partnership)

                                BALANCE SHEETS


<TABLE>
<CAPTION>

                                                                            June 30,         December 31,
                                                                             2001               2000
                                                                          -----------        ------------
<S>                                                                       <C>                <C>
ASSETS:
 Investment in joint ventures (Note 2)                                    $16,615,296        $17,090,238
 Cash and cash equivalents                                                     13,970             28,855
 Due from affiliates                                                          463,378            480,960
 Accounts receivable                                                            3,750              2,200
                                                                          -----------        -----------
        Total assets                                                      $17,096,394        $17,602,253
                                                                          ===========        ===========
LIABILITIES AND PARTNERS' CAPITAL
 Liabilities:
  Partnership distribution payable                                        $   467,872        $   481,447
  Accounts payable                                                                  0              2,000
                                                                          -----------        -----------
          Total liabilities                                                   467,872            483,447
                                                                          -----------        -----------
 Partners' Capital
  Limited Partners:
    Class A - 2,201,569 units as of June 30, 2001 and
      2,198,969 units as of December 31, 2000                              16,628,522         17,118,806
    Class B - 298,431 units as of June 30, 2001 and
      301,031 units as of December 31, 2000                                         0                  0
                                                                          -----------        -----------
          Total partners' capital                                          16,628,522         17,118,806
                                                                          -----------        -----------
          Total liabilities and partners' capital                         $17,096,394        $17,602,253
                                                                          ===========        ===========
</TABLE>


           See accompanying condensed notes to financial statements.

                                       3
<PAGE>

                        WELLS REAL ESTATE FUND VI, L.P.

                    (A Georgia Public Limited Partnership)

                             STATEMENTS OF INCOME


<TABLE>
<CAPTION>
                                                            Three Months Ended            Six Months Ended
                                                      -----------------------------  ----------------------------
                                                      June 30, 2001   June 30, 2000  June 30, 2001  June 30, 2000
                                                      -------------   -------------  -------------  -------------
<S>                                                   <C>             <C>            <C>            <C>
REVENUES:
 Interest income                                        $    411       $  1,914       $    423       $  3,695
 Equity in income of joint ventures (Note 2)             263,651        267,717        507,646        555,152
                                                        --------       --------       --------       --------
                                                         264,062        269,631        508,069        558,847
                                                        --------       --------       --------       --------

EXPENSES:
 Legal and accounting                                      3,250          2,743         12,900         15,525
 Computer costs                                            4,307          3,426          5,107          6,493
 Partnership administration                               20,948         19,610         30,881         29,794
                                                        --------       --------       --------       --------
                                                          28,505         25,779         48,888         51,812
                                                        --------       --------       --------       --------
NET INCOME                                              $235,557       $243,852       $459,181       $507,035
                                                        ========       ========       ========       ========
NET INCOME ALLOCATED TO CLASS A
  LIMITED PARTNERS                                      $235,557       $243,852       $459,181       $507,035
                                                        ========       ========       ========       ========
NET LOSS ALLOCATED TO CLASS B
  LIMITED PARTNERS                                      $      0       $      0       $      0       $      0
                                                        ========       ========       ========       ========
NET INCOME PER WEIGHTED AVERAGE
  CLASS A LIMITED PARTNER UNIT                          $   0.11       $   0.11       $   0.21       $   0.23
                                                        ========       ========       ========       ========

NET LOSS PER CLASS B LIMITED
  PARTNER UNIT                                          $      0       $      0       $      0       $      0
                                                        ========       ========       ========       ========
CASH DISTRIBUTION PER CLASS A
  LIMITED PARTNER UNIT                                  $   0.21       $   0.22       $   0.43       $   0.45
                                                        ========       ========       ========       ========

</TABLE>


           See accompanying condensed notes to financial statements.

                                       4
<PAGE>

                        WELLS REAL ESTATE FUND VI, L.P.

                    (A Georgia Public Limited Partnership)

                        STATEMENTS OF PARTNERS' CAPITAL

                     FOR THE YEAR ENDED DECEMBER 31, 2000

                    AND THE SIX MONTHS ENDED JUNE 30, 2001




<TABLE>
<CAPTION>
                                                             Limited Partners
                                          ----------------------------------------------------------
                                                  Class A                          Class B                      Total
                                          ---------------------------        -----------------------           Partners'
                                            Units            Amount            Units          Amount            Capital
                                          ---------       -----------         -------         ------          -----------
<S>                                       <C>             <C>                 <C>             <C>            <C>
BALANCE, December 31, 1999                2,195,969       $18,056,939         304,031            $ 0          $18,056,939

  Net income                                      0         1,027,798               0              0            1,027,798
  Partnership distributions                       0        (1,965,931)              0              0           (1,965,931)
  Class B conversion elections                3,000                 0          (3,000)             0                    0
                                          ---------       -----------         -------         ------          -----------
BALANCE, December 31, 2000                2,198,969        17,118,806         301,031              0           17,118,806

  Net income                                      0           459,181               0              0              459,181
  Partnership distributions                       0          (949,465)              0              0             (949,465)
  Class B conversion elections                2,600                 0          (2,600)             0                    0
                                          ---------       -----------         -------         ------          -----------
BALANCE, June 30, 2001                    2,201,569       $16,628,522         298,431            $ 0          $16,628,522
                                          =========       ===========         =======         ======          ===========
</TABLE>


           See accompanying condensed notes to financial statements.



                                       5
<PAGE>

                        WELLS REAL ESTATE FUND VI, L.P.

                    (A Georgia Public Limited Partnership)

                           STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>
                                                                                 For Six Months Ended
                                                                           --------------------------------
                                                                           June 30, 2001      June 30, 2000
                                                                           -------------      -------------
<S>                                                                        <C>                <C>
CASH FLOW FROM OPERATING ACTIVITIES:
 Net income                                                                 $  459,181         $  507,035
 Adjustments to reconcile net income to net cash used in
  operating activities:
    Equity in income of joint venture                                         (507,646)          (555,152)
    Changes in assets and liabilities:
      Accounts receivable                                                       (1,550)                 0
      Accounts payable and accrued expenses                                     (2,000)                 0
                                                                            ----------         ----------
    Net cash used in operating activities                                      (52,015)           (48,117)
                                                                            ----------         ----------
CASH FLOW FROM INVESTING ACTIVITIES:
 Distributions received from joint ventures                                  1,000,170          1,024,866
 Investment in joint ventures                                                        0             (3,500)
                                                                            ----------         ----------
    Net cash provided by investing activities                                1,000,170          1,021,366
                                                                            ----------         ----------
CASH FLOW FROM FINANCING ACTIVITIES:
 Partnership distributions paid                                               (963,040)          (970,722)
                                                                            ----------         ----------
NET (DECREASE) INCREASE IN CASH AND CASH
 EQUIVALENTS                                                                   (14,885)             2,527

CASH AND CASH EQUIVALENTS, beginning of year                                    28,855            155,443
                                                                            ----------         ----------
CASH AND CASH EQUIVALENTS, end of period                                    $   13,970         $  157,970
                                                                            ==========         ==========
</TABLE>


           See accompanying condensed notes to financial statements.

                                       6
<PAGE>

                        WELLS REAL ESTATE FUND VI, L.P.

                    (A Georgia Public Limited Partnership)

                    CONDENSED NOTES TO FINANCIAL STATEMENTS

                                MARCH 31, 2001


1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

   (a) General

   Wells Real Estate Fund VI, L.P. (the "Partnership") is a Georgia public
   limited partnership with Leo F. Wells, III and Wells Partners, L.P., a
   Georgia nonpublic limited partnership, serving as General Partners. The
   Partnership was formed on December 1, 1992, for the purpose of acquiring,
   developing, owning, operating, improving, leasing, and otherwise managing
   income producing commercial properties for investment purposes.

   On April 5, 1993, the Partnership commenced a public offering of its limited
   partnership units pursuant to a Registration Statement on Form S-11 filed
   under the Securities Act of 1933. The Partnership terminated its offering on
   April 4, 1994, and received gross proceeds of $25,000,000 representing
   subscriptions from 2,500,000 Limited Partners Units, composed of 1,933,218
   Class A and 566,782 Class B Limited Partnership Units.

   The Partnership owns interests in properties through the following joint
   ventures between the Partnership and other Wells Real Estate Funds: (i) Fund
   V and Fund VI Associates, a joint venture between the Partnership and Wells
   Real Estate Fund V, L.P. (the "Fund V-Fund VI Joint Venture"), (ii) Fund V,
   Fund VI, and Fund VII Associates, a joint venture between the Partnership,
   Wells Real Estate Fund V, L.P. and Wells Real Estate Fund VII, L.P. (the
   "Fund V-VI-VII Joint Venture"), (iii) Fund VI and Fund VII Associates, a
   joint venture between the Partnership and Wells Real Estate Fund VII, L.P.
   (the "Fund VI-VII Joint Venture"), (iv) Fund II, Fund III, Fund VI and Fund
   VII Associates, a joint venture between the Partnership, Fund II and Fund III
   Associates, and Wells Real Estate Fund VII, L.P., (the "Fund II,III,VI,VII
   Joint Venture"), (v) Fund VI, Fund VII and Fund VIII Associates, a joint
   venture between the Partnership, Wells Real Estate Fund VII, L.P. and Wells
   Real Estate Fund VIII, L.P. (the "Fund VI,VII,VIII Joint Venture"), and (vi)
   Fund I, II, II-OW, VI, VII Associates, a joint venture between the
   Partnership, Wells Real Estate Fund I, the Fund II and Fund II-OW Joint
   Venture, and Wells Real Estate Fund VII, L.P. (the "Fund I,II,II-OW,VI,VII
   Joint Venture").

   As of June 30, 2001, the Partnership owned interests in the following
   properties through its ownership of the foregoing joint ventures: (i) a four
   story office building located in Hartford, Connecticut (the "Hartford
   Building") and (ii) two retail buildings located in Clayton County, Georgia
   (the "Stockbridge Village II"), which are owned by the Fund V - Fund VI Joint
   Venture, (iii) a three-story office building located in Appleton Wisconsin
   (the "Marathon Building"), which is owned by the Fund V-VI-VII Joint Venture,
   (iv) two retail buildings located in Clayton County, Georgia (the
   "Stockbridge Village III") and (v) a shopping center expansion located in
   Clayton County, Georgia (the Stockbridge Village I Expansion"), which are
   owned by the Fund VI- Fund VII Joint Venture, (vi) an office/retail center
   located in Roswell, Georgia (the "880 Holcomb Bridge"), which is owned by the
   Fund II-III-VI-VII Joint Venture, (vii) a four story office building located
   in Jacksonville, Florida (the "BellSouth Property") and (viii) a shopping
   center located in Clemmons,

                                       7
<PAGE>

   North Carolina ( the "Tanglewood Commons"), which are owned by the Fund VI -
   VII - VIII Joint Venture, and (ix) a retail shopping center located in
   Cherokee County, Georgia (the "Cherokee Commons"), which is owned by the Fund
   I-II-IIOW-VI-VII Joint Venture. All of the foregoing properties were acquired
   on an all cash basis. For further information regarding these joint ventures
   and properties, refer to the Partnership's Form 10-K for the year ended
   December 31, 2000.

   (b) Basis of Presentation

   The financial statements of the Partnership have been prepared in accordance
   with instructions to Form 10-Q and do not include all of the information and
   footnotes required by generally accepted accounting principles for complete
   financial statements. These quarterly statements have not been examined by
   independent accountants, but in the opinion of the General Partners, the
   statements for the unaudited interim periods presented include all
   adjustments, which are of a normal and recurring nature, necessary to present
   a fair presentation of the results for such periods. For further information,
   refer to the financial statements and footnotes included in the Partnership's
   Form 10-K for year ended December 31, 2000.


2. INVESTMENT IN JOINT VENTURES

   The Partnership owns interests in nine properties through its investment in
   joint ventures of which three are office buildings, five are retail
   properties, and one is a combined office and retail center. The Partnership
   does not have control over the operations of the joint ventures; however, it
   does exercise significant influence. Accordingly, investment in joint
   ventures is recorded using the equity method. For further information, refer
   to the Partnership's Form 10-K for the year ended December 31, 2000.

   SUMMARY OF OPERATIONS

   The following information summarizes the operations of the unconsolidated
   joint ventures in which the Partnership had ownership interests as of June
   30, 2001 and 2000, respectively.

                                       8
<PAGE>

<TABLE>
<CAPTION>

                                                                                           Partnership's Share of
                                         Total Revenues               Net Income                 Net Income
                                   -------------------------     -----------------------   -----------------------
                                      Three Months Ended           Three Months Ended         Three Months Ended
                                   -------------------------     -----------------------   -----------------------
                                      June 30,      June 30,      June 30,     June 30,      June 30,     June 30,
                                       2001          2000          2001         2000          2001         2000
                                   -----------   ----------      ---------   ----------    ----------    ---------
<S>                                <C>           <C>             <C>         <C>           <C>           <C>
Fund V - Fund VI Joint
  Venture                          $  259,906    $  257,231      $130,371     $127,619      $ 69,875     $ 68,400
Fund V-VI-VII Joint
  Venture                             244,677       242,763       150,221      146,292        62,837       61,194
Fund VI - Fund VII
  Joint Venture                       182,840       159,955        38,853       61,642        17,406       26,953
Fund II-III-VI-VII Joint
  Venture                             205,914       222,699        62,363       68,199        16,751       18,318
Fund VI-VII-VIII Joint
  Venture                             589,832       590,518       247,868      238,724        84,895       81,764
Fund I-II-IIOW-VI-VII
  Joint Venture                       253,968       240,232       111,010      103,548        11,887       11,088
                                   ----------    ----------      --------     --------      --------     --------
                                   $1,737,137    $1,713,398      $740,686     $746,024      $263,651     $267,717
                                   ==========    ==========      ========     ========      ========     ========

</TABLE>

<TABLE>
<CAPTION>

                                                                                           Partnership's Share of
                                         Total Revenues               Net Income                 Net Income
                                   -------------------------     -----------------------   -----------------------
                                        Six Months Ended             Six Months Ended          Six Months Ended
                                   -------------------------     -----------------------   -----------------------
                                      June 30,      June 30,      June 30,     June 30,      June 30,     June 30,
                                       2001          2000          2001         2000          2001         2000
                                   -----------   ----------      ---------   ----------    ----------    ---------
<S>                                <C>           <C>             <C>         <C>           <C>           <C>

Fund V - Fund VI Joint
  Venture                          $  518,754    $  514,254    $  255,984    $  251,008     $137,200     $134,533
Fund V-VI-VII Joint
  Venture                             491,496       485,525       298,345       294,082      124,798      123,015
Fund VI - Fund VII Joint
 Venture                              365,561       319,541       122,997       138,530       55,103       60,554
Fund II-III-VI-VII Joint
  Venture                             416,291       444,856        91,170       138,422       24,488       37,180
Fund VI-VII-VIII Joint
  Venture                           1,173,864     1,179,938       394,890       506,502      135,251      173,479
Fund I-II-IIOW-VI-VII
  Joint Venture                       510,976       483,100       287,694       246,467       30,806       26,391
                                   ----------    ----------    ----------    ----------     --------     --------
                                   $3,476,942    $3,427,214    $1,451,080    $1,575,011     $507,646     $555,152
                                   ==========    ==========    ==========    ==========     ========     ========
</TABLE>

3. SUBSEQUENT EVENT

   On August 7, 2001, Fund I, II, II-OW, VI and VII Joint Venture entered into a
purchase and sale agreement to sell Cherokee Commons. The contract price exceeds
the carrying value of the property. Since the transaction is subject to a due
diligence period, there are no assurances that the sale will close.

                                       9
<PAGE>

   ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
   RESULTS OF OPERATIONS

   The following discussion and analysis should be read in conjunction with
   accompanying financial statements of the Partnership and notes thereto. This
   Report contains forward-looking statements, within the meaning of Section 27A
   of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934,
   including discussion and analysis of the financial condition of the
   Partnership, anticipated capital expenditures required to complete certain
   projects, and certain other matters. Readers of this Report should be aware
   that there are various factors that could cause actual results to differ
   materially from any forward-looking statement made in this Report, which
   include construction costs which may exceed estimates, construction delays,
   lease-up risks, inability to obtain new tenants upon expiration of existing
   leases, and the potential need to fund tenant improvements or other capital
   expenditures out of operating cash flow.


1. RESULTS OF OPERATIONS AND CHANGES IN FINANCIAL CONDITIONS

   (a) General

   As of June 30, 2001 and June 30, 2000, the properties owned by the
   Partnership were 99% occupied. Gross revenues of the Partnership were
   $508,069 for the six months ended June 30, 2001, as compared to $558,847 for
   the six months ended June 30, 2000. The decrease in revenues is attributed
   primarily to the decrease in equity in income of joint ventures resulting
   from establishing reserves for doubtful accounts receivable for the Holcomb
   Bridge Road, Tanglewood Commons and Stockbridge Village III properties offset
   partially by increased interest income in 2001 at the properties as well as
   increased rental renewal rates at the Stockbridge Village Expansion,
   Tanglewood Commons and Cherokee Commons properties.

   Expenses of the Partnership were $48,888 for the six months ended June 30,
   2001, as compared to $51,812 for 2000. The decrease in expenses was primarily
   due to decreased computer costs and accounting fees. Net income of the
   Partnership was $459,181 for the six months ended June 30, 2001, as compared
   to $507,035 for the same period in 2000. The decrease in net income for 2001,
   from 2000, is due primarily to the decreased revenues as noted above.

   Net cash used in operating activities increased from $48,117 in 2000 to
   $52,015 in 2001. This increase was due primarily to payment in current year
   of prior year accruals. Net cash provided by investing activities decreased
   for the six months ended June 30, 2001, as compared to the same period in
   2000, due primarily to a decrease in joint venture distributions received.
   Partnership distributions also decreased in 2001, as compared to 2000. These
   changes produced cash and cash equivalents of $157,970 and $13,970 at June
   30, 2000, and 2001, respectively.

   The Partnership declared cash distributions to Limited Partners holding Class
   A Units of $.21 for the three months ended June 30, 2001 as compared to
   distributions of $.22 per Class A Unit for the same period in 2000. No cash
   distributions were made to Limited Partners holding Class B Units or to the
   General Partners.

   The Partnership expects to continue to meet its short-term liquidity
   requirements and budget demands generally through net cash provided by
   operations which the Partnership believes will continue to be adequate to
   meet both operating requirements and distributions to Limited Partners.

                                       10
<PAGE>

   As previously reported, the Partnership recently made the decision to begin
   selling some of its properties. As the properties are sold, all proceeds will
   be returned to limited partners in accordance with the Partnership's
   prospectus. Management estimates that the fair market value of each of the
   properties exceeds the carrying value of the corresponding real estate
   assets; consequently, no impairment loss has been recorded. In the event that
   the net sales proceeds are less than the carrying value of the property sold,
   the Partnership would recognize a loss on the sale. Management is not
   contractually or financially obligated to sell any of its properties, and it
   is management's current intent to fully realize the Partnership's investment
   in real estate. The success of the Partnership's future operations and the
   ability to realize the investment in its assets will be dependent on the
   Partnership's ability to maintain rental rates, occupancy and an appropriate
   level of operating expenses in future years. Management believes that the
   steps that it is taking will enable the Partnership to realize its investment
   in its real estate assets.



                          PART II - OTHER INFORMATION

Item 6 (b.) No reports on Form 8-K were filed during the second quarter of 2001.

                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.

                                   WELLS REAL ESTATE FUND VI, L.P.
                                   (Registrant)
Dated: August 10, 2001         By: /s/ Leo F. Wells, III
                                   ----------------------------------------
                                   Leo F. Wells, III, as Individual
                                   General Partner and as President,
                                   Sole Director and Chief Financial
                                   Officer of Wells Capital, Inc., the
                                   General Partner of Wells Partners, L.P.

                                       11