<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                            0-22039
                        ________________________________________________________

                         Wells real estate Fund IX, L.P.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

               Georgia                                       58-2126622
--------------------------------------------------    --------------------------
     (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 IX, 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                                                                          10

PART II. OTHER INFORMATION                                                                   14
</TABLE>

                                       2

<PAGE>

                         WELLS REAL ESTATE FUND IX, 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                                       $24,682,635           $24,980,158
    Cash and cash equivalents                                               121,261                95,263
    Due from affiliates                                                     684,395               792,318
    Deferred project costs                                                    3,720                 3,720
                                                                        -----------           -----------
                 Total assets                                           $25,492,011           $25,871,459
                                                                        ===========           ===========

LIABILITIES AND PARTNERS' CAPITAL:
Liabilities:
    Accounts payable                                                    $     5,142           $     4,726
    Partnership distribution payable                                        706,487               744,902
                                                                        -----------           -----------
                 Total liabilities                                          711,629               749,628
                                                                        -----------           -----------

Partners' capital:
    Limited partners:
       Class A -- 3,139,929 units and 3,136,429 units as of
           March 31, 2002 and December 31, 2001, respectively            24,780,382            25,121,831
       Class B -- 360,071 units and 363,571 units as of March 31,
           2002 and December 31, 2001, respectively                               0                     0
                                                                        -----------           -----------
                 Total partners' capital                                 24,780,382            25,121,831
                                                                        -----------           -----------
                 Total liabilities and partners' capital                $25,492,011           $25,871,459
                                                                        ===========           ===========
</TABLE>

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

                                        3

<PAGE>

                         WELLS REAL ESTATE FUND IX, 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)                              $386,872          $416,384
    Interest income                                                             1,277             2,086
                                                                            ---------         ---------
                                                                              388,149           418,470
                                                                            ---------         ---------
EXPENSES:
    Partnership administration                                                 10,396             9,738
    Legal and accounting fees                                                  10,521             9,542
    Computer costs                                                              2,194             1,200
                                                                            ---------         ---------
                                                                               23,111            20,480
                                                                            ---------         ---------
NET INCOME                                                                   $365,038          $397,990
                                                                            =========         =========


NET INCOME ALLOCATED TO CLASS A LIMITED PARTNERS                             $365,038          $397,990
                                                                            =========         =========

NET LOSS ALLOCATED TO CLASS B LIMITED PARTNERS                               $      0          $      0
                                                                            =========         =========

NET INCOME PER WEIGHTED AVERAGE CLASS A LIMITED PARTNER UNIT                 $   0.12          $   0.13
                                                                            =========         =========

NET LOSS PER WEIGHTED AVERAGE CLASS B LIMITED PARTNER UNIT                   $   0.00          $   0.00
                                                                            =========         =========

CASH DISTRIBUTION PER WEIGHTED AVERAGE CLASS A LIMITED PARTNER UNIT          $   0.23          $   0.23
                                                                            =========         =========
</TABLE>

        The accompanying notes are an integral part of these statements.

                                       4

<PAGE>

                         WELLS REAL ESTATE FUND IX, 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
                                        --------------------------------------------------
                                                  Class A                  Class B             Total
                                        --------------------------  ----------------------   Partners'
                                           Units         Amounts      Units       Amounts     Capital
                                        -----------    -----------  ---------   ----------  -----------
<S>                                     <C>            <C>          <C>         <C>         <C>
BALANCE, December 31, 2000                3,110,159    $26,276,464    389,841   $        0  $26,276,464

   Net income                                     0      1,768,474          0            0    1,768,474
   Partnership distributions                      0     (2,923,107)         0            0   (2,923,107)
   Class B conversion elections              26,270              0    (26,270)           0            0
                                        -----------    -----------  ---------   ----------  -----------
BALANCE, December 31, 2001                3,136,429     25,121,831    363,571            0   25,121,831

   Net income                                     0        365,038          0            0      365,038
   Partnership distributions                      0       (706,487)         0            0     (706,487)
   Class B conversion elections               3,500              0     (3,500)           0            0
                                        -----------    -----------  ---------   ----------  -----------
BALANCE, March 31, 2002                   3,139,929    $24,780,382    360,071    $       0  $24,780,382
                                        ===========    ===========  =========   ==========  ===========
</TABLE>

        The accompanying notes are an integral part of these statements.

                                       5

<PAGE>

                         WELLS REAL ESTATE FUND IX, L.P.

                     (A Georgia Public Limited Partnership)

                             STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                      Three Months Ended
                                                                           --------------------------------------
                                                                                March 31,            March 31,
                                                                                  2002                 2001
                                                                           -----------------     ----------------
<S>                                                                           <C>                  <C>
CASH FLOW FROM OPERATING ACTIVITIES:
    Net income                                                                $ 365,038            $ 397,990
    Adjustments to reconcile net income to net cash used in operating
    activities:
          Equity in income of joint ventures                                   (386,872)            (416,384)
          Changes in assets and liabilities:
                Accounts receivable                                                   0                  (92)
                Accounts payable                                                    416               (2,000)
                                                                           -----------------     ----------------
                  Net cash used in operating activities                         (21,418)             (20,486)
                                                                           -----------------     ----------------
 CASH FLOW FROM INVESTING ACTIVITIES:
    Distributions received from joint ventures                                  792,318              714,196
                                                                           -----------------     ----------------
 CASH FLOW FROM FINANCING ACTIVITIES:
    Distributions to partners                                                  (744,902)            (719,079)
                                                                           -----------------     ----------------
 NET INCREASE (DECREASE) IN CASH AND CASH
    EQUIVALENTS                                                                  25,998              (25,369)

 CASH AND CASH EQUIVALENTS, beginning of year                                    95,263              115,337
                                                                           -----------------     ----------------
 CASH AND CASH EQUIVALENTS, end of period                                     $ 121,261            $  89,968
                                                                           =================     ================
</TABLE>

        The accompanying notes are an integral part of these statements.

                                       6

<PAGE>

                         WELLS REAL ESTATE FUND IX, 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 IX, L.P. (the "Partnership") is a Georgia public
     limited partnership with Leo F. Wells, III and Wells Partners, L.P. ("Wells
     Partners"), a Georgia nonpublic limited partnership, serving as its General
     Partners. The Partnership was formed on August 15, 1994 for the purpose of
     acquiring, developing, constructing, owning, operating, improving, leasing,
     and otherwise managing income-producing commercial properties for
     investment purposes. The Partnership has two classes of limited partnership
     interests, Class A and Class B Units. Limited partners shall have the right
     to change their prior elections to have some or all of their units treated
     as Class A or Class B Units one time during each quarterly accounting
     period. Limited partners 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 January 5, 1996, the Partnership commenced a public offering of up to
     $35,000,000 of limited partnership units pursuant to a Registration
     Statement filed on Form S-11 filed under the Securities Act of 1933. The
     Partnership commenced active operations on February 12, 1996 upon receiving
     and accepting subscriptions for 125,000 units and collecting aggregate
     gross offering proceeds of $2,500,000, thus allowing for the admission of
     New York and Pennsylvania investors in the Partnership. The offering was
     terminated on December 30, 1996 at which time the Partnership had sold
     approximately 2,935,931 Class A Units and 564,069 Class B Units held by a
     total of 1,841 and 257 Class A and Class B Limited Partners, respectively,
     for total limited partner capital contributions of $35,000,000. After
     payments of $1,400,000 in acquisition and advisory fees and acquisition
     expenses and $5,254,700 in selling commissions and organization and
     offering expenses, an investment of $13,289,359 in Fund VIII and Fund IX
     Associates and an investment of $14,982,434 in the Fund IX-X-XI-REIT
     Associates, the Partnership held net offering proceeds of $73,507 as of
     March 31, 2002, which is available for investment in properties.

            (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 9 properties through the
     affiliated joint ventures listed below:

<TABLE>
<CAPTION>
     -------------------------------------------------------------------------------------------------------------------------

                 Joint Venture                       Joint Venture Partners                        Properties
                 -------------                       ----------------------                        ----------
     -------------------------------------------------------------------------------------------------------------------------
<S>                                          <C>                                     <C>
     Fund VIII and Fund IX Associates        - Wells Real Estate Fund VIII, L.P.     1.  US Cellular Building
                                             - Wells Real Estate Fund IX,  L.P.           A four-story office building
                                                                                          located  in Madison, Wisconsin

                                                                                     2.  AT&T-Texas Building
                                                                                          A one-story office building in
                                                                                          Farmer's Branch, Texas

                                                                                     3.  Cirrus Logic Building
                                                                                          A two-story office building in
                                                                                          Boulder County, Colorado

     -------------------------------------------------------------------------------------------------------------------------
     Fund VIII-IX-REIT Associates            - Wells Real Estate Fund VIII, L.P.     4.  Quest Building**
                                             - Wells Real Estate Fund IX, L.P.            A two-story office building
                                             - Wells Operating Partnership, L.P.*         located in Irvine, California

    -------------------------------------------------------------------------------------------------------------------------
     Fund IX-X-XI-REIT Associates            - Wells Real Estate Fund IX, L.P.       5.  Alstom Power-Knoxville Building
                                             - Wells Real Estate Fund X, L.P.             A three-story office building in
                                             - Wells Real Estate Fund XI, L.P.            Knoxville, Tennessee
                                             - Wells Operating Partnership, L.P.*
                                                                                     6.  360 Interlocken Building
                                                                                          A three-story office building
                                                                                          located in Boulder County, Colorado

                                                                                     7.  Avaya Building
                                                                                          A one-story office building
                                                                                          located in Oklahoma City, Oklahoma

                                                                                     8.  Iomega Building
                                                                                          A single-story warehouse and
                                                                                          office building located in Ogden,
                                                                                          Weber County, Utah

                                                                                     9. Ohmeda Building
                                                                                          A two-story office building
                                                                                          located in Louisville, Boulder
                                                                                          County, Colorado
     -------------------------------------------------------------------------------------------------------------------------
</TABLE>

     *   Wells Operating Partnership, L.P. is a Delaware limited partnership
         with Wells Real Estate Investment Trust, Inc. ("Wells REIT") serving as
         its general partner; Wells REIT is a Maryland corporation that
         qualifies as a real estate investment trust.

     **  The Quest Building was owned by Fund VIII-Fund IX Associates through
         June 30, 2000 and transferred to Fund VIII-IX-REIT Associates on July
         1, 2001.

     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 Form 10-K for the
     year ended December 31, 2001.

     (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

                                       8

<PAGE>

     included herein 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) Distributions 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.   INVESTMENT IN JOINT VENTURES

     (a) Basis of Presentation

     The Partnership owned interests in nine 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 regarding investments in joint
     ventures, see the report filed for the Partnership on Form 10-K for the
     year ended December 31, 2001.

     (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 IX-X-XI-REIT
      Associates                    $1,071,206    $1,073,094    $  554,268   $  638,435   $  216,798   $  249,720
     Fund VIII and Fund IX
     Associates                        758,192*      705,852*      376,242      368,699      170,074      166,664
                                 --------------------------------------------------------------------------------------
                                    $1,829,398    $1,778,946    $  930,510   $1,007,134   $  386,872   $  416,384
                                 ======================================================================================
</TABLE>

                                        9

<PAGE>

<TABLE>
<CAPTION>
                                                                                                  Partnership's
                                        Total Revenues                 Net Income              Share of Net Incom
                                ---------------------------------------------------------------------------------------
                                      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 VIII-IX-REIT
          Associates                $301,999       $267,385      $160,696       $105,033       $74,145      $48,462
                                =======================================================================================
</TABLE>

   * The Partnership's share of income earned from its investment in Fund
     VIII-IX-REIT Associates is recorded by Fund VIII-IX Associates as equity in
     income of joint ventures, which is classified as revenue

3.   RECENT ACCOUNTING PRONOUNCEMENTS

     In June 2001, 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 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 CONDITIONS AND
     RESULTS OF OPERATION.

     The following discussion and analysis should be read in conjunction with
     the 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

                                       10

<PAGE>

     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

     Gross Revenues
     Gross revenues decreased to $388,149 for the three months ended March 31,
     2002 compared to $418,470 for the three months ended March 31, 2001
     primarily due to a decrease in income generated from Fund IX-X-XI-REIT
     Associates resulting from (i) a reduction in common area maintenance
     reimbursement billings to tenants at the 360 Interlocken Building and the
     US Cellular Building, and (ii) decreased interest income earned by Fund
     IX-X-XI-REIT Associates due to the general decline in interest rates,
     partially offset by increased common area maintenance reimbursement
     billings to tenants at the Quest Building. Tenants are billed for common
     area maintenance reimbursements at estimated amounts, which are reconciled
     as tenants are billed (credited) for the net annual under (over) billings
     in the following year.

     Expenses
     Expenses increased to $23,111 for 2002 compared to $20,480 for 2001 due to
     minor increases in partnership administration expenses, legal and
     accounting fees and computer costs. As a result, net income decreased to
     $365,038 for the three months ended March 31, 2002 from $397,990 for the
     three months ended March 31, 2001.

     Distributions
     The Partnership declared cash distributions of investment income and a
     return of capital to Class A limited partners of $0.23 per unit for the
     three months ended March 31, 2002 and 2001, respectively. The General
     Partners anticipate that distributions per unit to the 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
     the limited partners holding Class B Units.

     (c)  Liquidity and Capital Resources

     Net cash used in operating activities remained relatively stable at $21,418
     for the three months ended March 31, 2002 compared to $20,486 for the three
     months ended March 31, 2001. Net cash provided by investing activities
     increased to $792,318 for the three months ended March 31, 2002 from
     $714,196 for the three months ended March 31, 2001 due to the corresponding
     increase in earnings from joint ventures for the fourth quarter of 2001
     compared to the same period in 2000 (specifically related to a change in
     the timing of common area maintenance reconciliation billings or credits to
     tenants), thereby resulting in a greater amount of distributions for the
     first quarter of 2002 as compared to 2001. Net cash used in financing
     activities increased to $744,902 for the three months ended March 31, 2002
     compared to $719,079 for the same period in 2001 due to the corresponding
     increase in cash available for partnership distributions resulting from the
     increase in cash provided from financing activities as described above.

     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 provide for distributions to the

                                       11

<PAGE>

     limited partners. While there is no assurance, the Partnership anticipates
     that distributions will continue to be paid on a quarterly basis in 2002
     from such sources at a level at least consistent with 2001. The Partnership
     is unaware of any known demands, commitments, events or capital
     expenditures, which are required for the normal operations of its
     properties that will 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. There are
     provisions in the majority of tenant leases executed by the Partnership to
     protect the Partnership from the impact of inflation. Most leases contain
     provisions for common area maintenance, real estate tax and insurance
     reimbursements from tenants either on a per square foot basis, or above a
     certain allowance per square foot annually. These provisions should reduce
     the Partnership's exposure to increases in costs and operating expenses
     resulting from inflation. 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 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

                                       12

<PAGE>

     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 2001, 2000 or 1999.

             (THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK)

                                       13

<PAGE>

                           PART II - OTHER INFORMATION

ITEM 6 (b.) No reports 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 IX, 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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