<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          March 31, 2002                        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 or other jurisdiction                             (I.R.S. Employer
of incorporation or organization)                        Identification Number)

  6200 The Corners Pkwy., 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.

                     (A Georgia Public Limited Partnership)

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                   Page No.
                                                                                                   --------
<S>                                                                                                <C>
PART I.  FINANCIAL INFORMATION

  Item 1. Financial Statements

          Balance Sheets--March 31, 2002 and December 31, 2001                                        3

          Statements of Income for the Three Months Ended March 31, 2002
          and 2001                                                                                    4

          Statements of Partners' Capital for the Year Ended December 31, 2001
          and the Three Months Ended March 31, 2002                                                   5

          Statements of Cash Flows for the Three Months Ended March 31, 2002
          and 2001                                                                                    6

          Condensed Notes to Financial Statements                                                     7

  Item 2. Management's Discussion and Analysis of Financial Condition and Results of
          Operations                                                                                 11

PART II. OTHER INFORMATION                                                                           14
</TABLE>

                                       2

<PAGE>

                         WELLS REAL ESTATE FUND VI, L.P.

                     (A Georgia Public Limited Partnership)

                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                              March 31,    December 31,
                                                                                2002          2001
                                                                             -----------   ------------
<S>                                                                          <C>           <C>
ASSETS:

  Investments in joint ventures (Note 2)                                     $16,192,579    $16,403,394
  Cash and cash equivalents                                                       10,539         27,895
  Due from affiliates                                                            469,977        462,092
   Prepaid expenses and other assets                                                   0            910
                                                                             -----------   ------------
             Total assets                                                    $16,673,095    $16,894,291
                                                                             ===========    ===========

LIABILITIES AND PARTNERS' CAPITAL
  Liabilities:
  Partnership distributions payable                                          $   448,244    $   461,250
  Accounts payable                                                                   591          2,534
                                                                             -----------   ------------
             Total liabilities                                                   448,835        463,784
                                                                             -----------   ------------
  Partners' capital:
   Class A--2,241,428 and 2,236,360 units outstanding as of                   16,224,260     16,430,507
     March 31, 2002 and December 31, 2001, respectively
   Class B--258,572 and 263,640 units outstanding as of
     March 31, 2002 and December 31, 2001, respectively                                0              0
                                                                             -----------   ------------
             Total partners' capital                                          16,224,260     16,430,507
                                                                             -----------   ------------
             Total liabilities and partners' capital                         $16,673,095    $16,894,291
                                                                             ===========    ===========
</TABLE>

     The accompanying notes are an integral part of these balance sheets.

                                       3

<PAGE>

                         WELLS REAL ESTATE FUND VI, L.P.

                     (A Georgia Public Limited Partnership)

                              STATEMENTS OF INCOME

<TABLE>
<CAPTION>
                                                                      Three Months Ended
                                                                    ----------------------
                                                                    March 31,    March 31,
                                                                      2002         2001
                                                                    ---------    ---------
<S>                                                                 <C>          <C>
REVENUES:
  Equity in income of joint ventures (Note 2)                       $ 265,901    $ 243,995
  Interest Income                                                         861           12
                                                                    ---------    ---------
                                                                      266,762      244,007
                                                                    ---------    ---------
EXPENSES:
  Partnership administration                                           12,999        9,933
  Legal and accounting                                                  9,669        9,650
  Computer costs                                                        2,055          800
                                                                    ---------    ---------
                                                                       24,723       20,383
                                                                    ---------    ---------
NET INCOME                                                          $ 242,039    $ 223,624
                                                                    =========    =========

NET INCOME ALLOCATED TO CLASS A LIMITED
  PARTNERS                                                          $ 242,039    $ 223,624
                                                                    =========    =========
NET LOSS ALLOCATED TO CLASS B LIMITED
  PARTNERS                                                          $       0    $       0
                                                                    =========    =========
NET INCOME PER WEIGHTED AVERAGE CLASS A
  LIMITED PARTNER UNIT                                              $    0.11    $    0.10
                                                                    =========    =========
NET LOSS PER WEIGHTED AVERAGE CLASS B
  LIMITED PARTNER UNIT                                              $    0.00    $    0.00
                                                                    =========    =========
CASH DISTRIBUTION PER CLASS A LIMITED
  PARTNER UNIT                                                      $    0.20    $    0.22
                                                                    =========    =========
</TABLE>

     The accompanying notes are an integral part of these 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, 2001

                           AND THE THREE MONTHS ENDED

                                 MARCH 31, 2002

<TABLE>
<CAPTION>
                                                      Limited Partners                   Total
                                     -----------------------------------------------
                                             Class A                 Class B            Partners'
                                     ------------------------   --------------------
                                       Units         Amounts     Units      Amounts      Capital
                                     ---------   ------------   -------    ---------   ------------
<S>                                  <C>         <C>            <C>        <C>         <C>
BALANCE, December 31, 2000           2,198,969   $ 17,118,806   301,031    $       0   $ 17,118,806

   Net income                                0      1,190,997         0            0      1,190,997
   Partnership distributions                 0     (1,879,296)        0            0     (1,879,296)
   Class B conversion elections         37,391              0   (37,391)           0              0
                                     ---------   ------------   -------    ---------   ------------
BALANCE, December 31, 2001           2,236,360     16,430,507   263,640            0     16,430,507

   Net income                                0        242,039         0            0        242,039
   Partnership distributions                 0       (448,286)        0            0       (448,286)
   Class B conversion elections          5,068              0    (5,068)           0              0
                                     ---------   ------------   -------    ---------   ------------
BALANCE, March 31, 2002              2,241,428   $ 16,224,260   258,572    $       0   $ 16,224,260
                                     =========   ============   =======    =========   ============
</TABLE>

     The accompanying notes are an integral part of these statements.

                                      5

<PAGE>

                         WELLS REAL ESTATE FUND VI, L.P.

                     (A Georgia Public Limited Partnership)

                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                           Three Months Ended
                                                                         ----------------------
                                                                         March 31,    March 31,
                                                                           2002          2001
                                                                         ---------    ---------
<S>                                                                      <C>          <C>
CASH FLOW FROM OPERATING ACTIVITIES:
    Net income                                                           $ 242,039    $ 223,624
     Adjustments to reconcile net income to net cash used in
       operating activities:
         Equity in income of joint ventures                               (265,901)    (243,995)
         Changes in assets and liabilities:
                Prepaid expenses and other assets                              910        2,200
                Accounts payable                                            (1,943)      (2,000)
                                                                         ---------    ---------
                     Net cash used in operating activities                 (24,895)     (20,171)
                                                                         ---------    ---------
CASH FLOW FROM INVESTING ACTIVITIES:
  Distributions received from joint ventures                               468,831      495,960
                                                                         ---------    ---------
CASH FLOW FROM FINANCING ACTIVITIES:
  Partnership distributions paid                                          (461,292)    (481,146)
                                                                         ---------    ---------
NET DECREASE IN CASH AND CASH
 EQUIVALENTS                                                               (17,356)      (5,357)

CASH AND CASH EQUIVALENTS, beginning of year                                27,895       28,855
                                                                         ---------    ---------
CASH AND CASH EQUIVALENTS, end of period                                 $  10,539    $  23,498
                                                                         =========    =========
</TABLE>

     The accompanying notes are an integral part of these statements.

                                       6

<PAGE>

                         WELLS REAL ESTATE FUND VI, L.P.

                     (A Georgia Public Limited Partnership)

                     CONDENSED NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2002

1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     (a) Organization and Business

     Wells Real Estate Fund VI, L.P. (the "Partnership") is a Georgia public
     limited partnership having Leo F. Wells, III and Wells Partners, L.P.
     ("Wells Partners"), a Georgia non-public limited partnership, as its
     General Partners. The Partnership was formed on December 1, 1992, for the
     purpose of acquiring, developing, constructing, owning, operating,
     improving, leasing and otherwise managing income-producing commercial or
     industrial properties for investment purposes. The Partnership has two
     classes of limited partnership interests, Class A and Class B Units. The
     limited partners have the right to change their prior elections to have
     some or all of their units treated as Class A Units or Class B Units one
     time during each quarterly accounting period and may vote to, among other
     things, (a) amend the partnership agreement, subject to certain
     limitations, (b) change the business purpose or investment objectives of
     the Partnership, and (c) add or remove a general partner. A majority vote
     on any of the above described matters will bind the Partnership without the
     concurrence of the general partners. Each limited partnership unit has
     equal voting rights regardless of class.

     On April 5, 1993, the Partnership commenced a public offering of up to its
     limited partnership units pursuant to a Registration Statement filed on
     Form S-11 under the Securities Act of 1933. The Partnership terminated its
     offering on April 4, 1994 upon receiving and accepting gross offering
     proceeds of $25,000,000 representing subscriptions from 1,793 Class A and
     Class B limited partners.

            (THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK)

                                       7

<PAGE>

     The Partnership owns interests in all of its real estate assets through
     joint ventures with other Wells Real Estate Funds. As of March 31, 2002,
     the Partnership owned interests in the following eight properties through
     the affiliated joint ventures listed below:

<TABLE>
<CAPTION>
     ---------------------------------------------------------------------------------------------------------------------
            Joint Venture                     Joint Venture Partners                       Properties
            -------------                     ----------------------                       ----------
     ---------------------------------------------------------------------------------------------------------------------
     <S>                               <C>                                      <C>
     Fund II-III-VI-VII Associates     -   Fund II and III Associates*          1. Holcomb Bridge Property
                                       -   Wells Real Estate Fund VI, L.P.          An office/retail center located in
                                       -   Wells Real Estate Fund VII, L.P.         Roswell, Georgia
     ---------------------------------------------------------------------------------------------------------------------
     Fund V-VI Associates              -   Wells Real Estate Fund V, L.P.       2. Stockbridge Village II
                                       -   Wells Real Estate Fund VI, L.P.          Two retail buildings located in
                                                                                    Clayton county, Georgia

                                                                                3. Hartford Building
                                                                                    A four story office building located
                                                                                    in Hartford, Connecticut
     ---------------------------------------------------------------------------------------------------------------------
     Fund V-VI-VII Associates          -   Wells Real Estate Fund V, L.P.       4. Marathon Building
                                       -   Wells Real Estate Fund VI, L.P.          A three-story office building located
                                       -   Wells Real Estate Fund VII, L.P.         in Appleton, Wisconsin
     ---------------------------------------------------------------------------------------------------------------------
     Fund VI-VII Associates            -   Wells Real Estate Fund VI, L.P.      5. Stockbridge Village I Expansion
                                       -   Wells Real Estate Fund VII, L.P.         A retail shopping center expansion
                                                                                    located in Stockbridge, Georgia

                                                                                6. Stockbridge Village III
                                                                                    Two retail buildings located in
                                                                                    Stockbridge, Georgia
     ---------------------------------------------------------------------------------------------------------------------
     Fund VI-VII-VIII Associates       -   Wells Real Estate Fund VI, L.P.      7. BellSouth Building
                                       -   Wells Real Estate Fund VII, L.P.         A four-story office building located
                                       -   Wells Real Estate Fund VIII, L.P.        in Jacksonville, Florida

                                                                                8. Tanglewood Commons
                                                                                    A retail center located  in
                                                                                    Clemmons, North Carolina
     ---------------------------------------------------------------------------------------------------------------------
</TABLE>

     *  Fund II-III Associates is a joint venture between Fund II and IIOW
        Associates and Wells Real Estate Fund III, L.P.; Fund II and Fund IIOW
        Associates is a joint venture between Wells Real Estate Fund II and
        Wells Real Estate Fund II-OW.

     Each of the aforementioned properties was acquired on an all cash basis.
     For further information regarding the foregoing joint ventures and
     properties, refer to the report filed for the Partnership on Form 10-K for
     the year ended December 31, 2001.

     On October 1, 2001, Fund I-II-IIOW-VI-VII Associates, a joint venture among
     the Partnership, Wells Real Estate Fund I, Fund II and IIOW Associates, and
     Wells Real Estate Fund VII, L.P., sold the Cherokee Commons property to an
     unrelated third party. The Cherokee Commons property is a retail shopping
     center located in Cherokee County, Georgia.

                                       8

<PAGE>

     (b) Basis of Presentation

     The financial statements of the Partnership have been prepared in
     accordance with the instructions for Form 10-Q and do not include all of
     the information and footnotes required by generally accepted accounting
     principles ("GAAP") for complete financial statements. The quarterly
     statements have not been examined by independent accountants. However, in
     the opinion of the General Partners, the statements for the unaudited
     interim periods presented include all adjustments that are of a normal and
     recurring nature and necessary to fairly present the results for these
     periods. Interim results for 2002 are not necessarily indicative of results
     for the year. For further information, refer to the financial statements
     and footnotes included in the report filed for the Partnership on Form 10-K
     for the year ended December 31, 2001.

     (c) Distribution of Net Cash From Operations

     As defined by the partnership agreement, cash available for distributions
     is distributed quarterly on a cumulative non-compounded basis to the
     limited partners as follows:

         .    First, to all Class A limited partners until such limited partners
              have received distributions equal to a 10% per annum return on
              their respective adjusted capital contributions, as defined.

         .    Second, to the General Partners until each General Partner has
              received distributions equal to 10% of the total distributions
              declared by the Partnership per annum.

         .    Third, to the Class A limited partners and the General Partners
              allocated on a basis of 90% and 10%, respectively.

     No distributions will be made to the limited partners holding Class B
     units.

2.   INVESTMENTS IN JOINT VENTURES

     (a) Basis of Presentation

     The Partnership owned interests in eight properties as of March 31, 2002
     through its ownership in the joint ventures described in Note 1. The
     Partnership does not have control over the operations of these joint
     ventures; however, it does exercise significant influence. Accordingly,
     investments in joint ventures are recorded using the equity method of
     accounting. For further information, refer to the report filed for
     partnership on Form 10-K for the year ended December 31, 2001.

            (THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK)

                                       9

<PAGE>

     (b) Summary of Operations

     The following information summarizes the operations of the unconsolidated
     joint ventures in which the Partnership held ownership interests as of
     March 31, 2002 and 2001, respectively.

<TABLE>
<CAPTION>
                                                                                  Partnership's
                              Total Revenues             Net Income            Share of Net Income
                        ------------------------  ------------------------  ------------------------
                            Three Months Ended       Three Months Ended        Three Months Ended
                        ------------------------  ------------------------  ------------------------
                         March 31,    March 31,    March 31,    March 31,    March 31,    March 31,
                           2002         2001         2002         2001         2002         2001
                        -----------  -----------  -----------  -----------  -----------  -----------
<S>                     <C>          <C>          <C>          <C>          <C>          <C>
Fund I-II-IIOW-VI-VII
  Associates            $        0   $  253,584   $   24,861   $  176,684   $    2,618   $   18,919
Fund II-III-VI-VII
  Associates               178,443      210,377       60,829       28,807       16,339        7,738
Fund V-VI
   Associates              255,916      257,194      133,275      125,613       71,432       67,325
Fund V-VI-VII
  Associates               242,763      242,763      141,192      148,124       59,060       61,960
Fund VI-VII
  Associates               183,946      180,421       80,115       84,145       35,891       37,697
Fund VI-VII-VIII
  Associates               610,359      571,942      235,211      147,023       80,561       50,356
                        -----------  -----------  -----------  -----------  -----------  -----------
                        $1,471,427   $1,716,281   $  675,483   $  710,396   $  265,901   $  243,995
                        ===========  ===========  ===========  ===========  ===========  ===========
</TABLE>

The following information summarizes the operations of the properties, which are
owned by one of the above joint ventures and significant to the Partnership, for
the three months ended March 31, 2002 and 2001, respectively. Audited financial
statements of this property are included in the report filed for the Partnership
on Form 10-K for the year ended December 31, 2001:

<TABLE>
<CAPTION>
                                                                                  Partnership's
                              Total Revenues             Net Income            Share of Net Income
                        ------------------------  ------------------------  ------------------------
                            Three Months Ended       Three Months Ended        Three Months Ended
                        ------------------------  ------------------------  ------------------------
                         March 31,    March 31,    March 31,    March 31,    March 31,    March 31,
                           2002         2001         2002         2001         2002         2001
                        -----------  -----------  -----------  -----------  -----------  -----------
<S>                     <C>          <C>          <C>          <C>          <C>          <C>
Hartford Building       $  179,375   $  179,375   $   93,543   $   95,930   $   50,139   $   51,418
                        ===========  ===========  ===========  ===========  ===========  ===========

</TABLE>

3.   RECENT ACCOUNTING PRONOUNCEMENTS

     In June 2001, Statement of Financial Accounting Standard ("SFAS") No. 141,
     "Business Combinations" (effective beginning July 1, 2001) and SFAS 142,
     "Goodwill and Other Intangible Assets" (effective beginning January 1,
     2002) were issued. SFAS No. 141 prohibits pooling-of-interests accounting
     for acquisitions. SFAS No. 142 specifies that goodwill and some intangible
     assets will no longer be amortized and, instead, will be subject to
     periodic impairment testing. We believe that the adoption of SFAS No. 141
     and SFAS No. 142 will not have a significant impact on our financial
     statements.

     In August 2001, SFAS No. 143, "Accounting for Asset Retirement Obligations"
     (effective beginning January 1, 2003) and SFAS No. 144, "Accounting for the
     Impairment or Disposal of Long-Lived Assets" (effective beginning January
     1, 2002) were issued. SFAS No. 143 requires that entities recognize the
     fair value of a liability for an asset retirement obligation in the period
     in which it is

                                       10

<PAGE>

     incurred if a reasonable estimate of fair value can be made. SFAS No. 144
     addresses financial accounting and reporting for the impairment of
     long-lived assets and for long-lived assets to be disposed of and
     supersedes SFAS No. 121, "Accounting for the Impairment of Long-Lived
     Assets and for Long-Lived Assets to be Disposed of". Among other factors,
     SFAS No. 144 establishes criteria beyond that previously specified in SFAS
     No. 121 to determine when a long-lived asset is to be considered held for
     sale. We believe that the adoption of SFAS No. 143 and SFAS No. 144 will
     not have a significant impact on our financial statements.

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
     the Partnership's accompanying financial statements and notes thereto.

     (a) Forward-Looking Statements

     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, amounts of cash distributions anticipated to be
     distributed to limited partners in the future and certain other matters.
     Readers of this report should be aware that there are various factors that
     may cause actual results to differ materially from any forward-looking
     statements made in this report, including construction costs which may
     exceed estimates, construction delays, lease-up risks, inability to obtain
     new tenants upon the expiration of existing leases, and the potential need
     to fund tenant improvements or other capital expenditures out of operating
     cash flows.

     (b) Results of Operations and Changes in Financial Conditions

     Revenues
     Gross revenues increased to $266,762 for the three moths ended March 31,
     2002, from $244,007 for the three months ended March 31, 2001, primarily
     due to the increase in equity in income of joint ventures resulting from
     (i) increased rental rates at the BellSouth Building, (ii) receivables due
     from tenants at Tanglewood Commons and the Holcomb Bridge Property were
     written-off in 2001 and later collected in 2002, (iii) decreased
     depreciation expense for the BellSouth Building as tenant improvements
     became fully depreciated upon the expiration of the BellSouth lease in June
     2001, and (iv) an increase in common area maintenance reimbursement
     billings to tenants at the Stockbridge Village II Property. The increase in
     equity in income of joint ventures was partially offset by (i) a decrease
     in occupancy of the Holcomb Bridge Property, (ii) receivables due from
     tenants at Hannover Center that were written-off in 2002, (iii) a decrease
     in interest income earned by the Partnership's joint ventures in 2002 due
     to the general decline in interest rates, and (iv) a reduction in net
     income generated from Fund I-II-IIOW-VI-VII Associates relating to the sale
     of the Cherokee Commons property in the third quarter of 2001.

     Expenses
     Expenses increased to $24,723 for the three months ended March 31, 2002,
     from $20,383 for the three months ended March 31, 2001, primarily due to an
     increase in partnership administration expenses and computer costs. As a
     result, net income increased to $242,039 for the three months ended March
     31, 2002 from $223,624 for the three months ended March 31, 2001.

                                       11

<PAGE>

     Distributions
     The Partnership declared cash distributions of $0.20 per unit for the three
     months ended March 31, 2002, as compared to $0.22 per unit for the same
     period in 2001 as described in the following section. The General Partners
     anticipate that distributions per unit to Class A limited partners will
     continue in 2002 at a level at least comparable with 2001 cash
     distributions on an annual basis. No cash distributions were made to
     limited partners holding Class B Units.

     (c) Liquidity and Capital Resources

     Net cash used in operating activities increased to $24,895 for the three
     months ended March 31, 2002, from $20,171 for the three months ended March
     31, 2001, primarily due to an increase in computer costs and partnership
     administration expenses. Net cash provided by investing activities
     decreased to $468,831 for the three months ended March 31, 2002 from
     $495,960 for the same period in 2001 due to a corresponding decrease in
     earnings generated from joint ventures during the quarter immediately
     proceeding the quarter ended March 31, 2002 compared to the same period in
     the prior year, which is primarily a result of the reduction in earnings
     generated from Fund I-II-IIOW-VI-VII Associates due to the sale of the
     Cherokee Commons property on October 1, 2001. Net cash used in financing
     activities increased to $461,292 for the three months ended March 31, 2002
     from $481,146 for the same period in 2001 due to the decrease in cash
     available for distributions resulting from the decrease in cash flows
     provided by investing activities as described above.

     The Partnership expects to continue to meet its short-term liquidity
     requirements and budget demands generally through net cash flows provided
     by operations and received from joint ventures. While there is no
     assurance, the Partnership anticipates that distributions will continue to
     be paid to limited partners on a quarterly basis from such sources during
     the remainder of 2002. The Partnership is unaware of any known demands,
     commitments, events or capital expenditures, which are required for the
     normal operations of its properties that would result in the Partnership's
     liquidity increasing or decreasing in any material way.

     (d) Inflation

     The real estate market has not been affected significantly by inflation in
     the past three years due to the relatively low inflation rate. Most tenant
     leases include provisions designed to protect the Partnership from the
     impact of inflation and increases in costs and other operating expenses,
     including common area maintenance, real estate tax and insurance
     reimbursement billings to tenants either on a per square foot basis or
     above a certain allowance per square foot annually. In addition, a number
     of the Partnership's leases are for remaining terms of less than five
     years, which may allow the Partnership to enter into new leases at higher
     base rental rates in the event that market rental rates rise above the
     existing lease rates. There is no assurance, however, that the Partnership
     would be able to replace existing leases with new leases at higher base
     rental rates.

     (e) Critical Accounting Policies

     The Partnership's accounting policies have been established and conformed
     to in accordance with accounting principles generally accepted in the
     United States ("GAAP"). The preparation of financial statements in
     conformity with GAAP requires management to use judgments in the
     application of accounting policies, including making estimates and
     assumptions. These judgments may affect the reported amounts of assets and
     liabilities and disclosure of contingent assets and

                                       12

<PAGE>

     liabilities as of the dates of the financial statements presented and the
     reported amounts of revenues and expenses during the respective reporting
     periods. If our judgment or interpretation of the facts and circumstances
     relating to various transactions had been different, it is possible that
     different accounting policies would have been applied; thus, resulting in a
     different presentation of our financial statements.

     The accounting policies that we consider to be critical, in that they may
     require complex judgment in their application or require estimates about
     matters that are inherently uncertain, are discussed below. For further
     information related to the Partnership's accounting policies, including the
     critical accounting policies described below, refer to the report filed for
     the Partnership on Form 10-K for the year ended December 31, 2001.

     Straight-Lined Rental Revenues

     The Partnership recognizes rental income generated from all leases on real
     estate assets in which the Partnership has an ownership interest through
     its investments in joint ventures on a straight-line basis over the terms
     of the respective leases. Should tenants encounter financial difficulties
     in future periods, the amounts recorded as receivables may not be fully
     realized.

     Operating Cost Reimbursements

     The Partnership generally bills tenants for operating cost reimbursements
     through its investments in joint ventures on a monthly basis at amounts
     estimated largely based on actual prior period activity and the respective
     tenant lease terms. Such billings are generally adjusted on an annual basis
     to reflect reimbursements owed to the landlord based on the actual costs
     incurred during the period and the respective tenant lease terms. Should
     tenants encounter financial difficulties in future periods, the amounts
     recorded as receivables may not be fully realized.

     Real Estate

     Management continually monitors events and changes in circumstances
     indicating that the carrying amounts of the real estate assets in which the
     Partnership has ownership interests through its investments in joint
     ventures may not be recoverable. When such events or changes in
     circumstances are present, management assesses the potential impairment by
     comparing the fair market value of the underlying assets, estimated at
     amounts equal to the future undiscounted operating cash flows expected to
     be generated from tenants over the life of the assets and from their
     eventual disposition, to the carrying value of the assets. In the event
     that the carrying amount exceeds the estimated fair market value, the
     Partnership would recognize an impairment loss in the amount required to
     adjust the carrying amount of the asset to its estimated fair market value.
     Neither the Partnership nor its joint ventures have recognized impairment
     losses on real estate assets in 2002, 2001 or 2000.

            (THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK)

                                       13

<PAGE>

                           PART II - OTHER INFORMATION

ITEM 6 (b.) No reports on Form 8-K were filed during the first quarter of 2002.

                                   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: May 10, 2002     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.

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