Real Estate Transactions

6 Months Ended

Jun. 30, 2015

Real Estate Transactions [Abstract]

Real Estate Transactions [Text Block]

3. RECENT REAL ESTATE TRANSACTIONS

During the six months ended June 30, 2015, NetREIT Dubose and the other Model Home entities acquired seventeen Model Home properties in various states and leased them back to the homebuilders. The purchase price for the properties was $5.7 million. The purchase price paid was through cash payments of $2.3 million and promissory notes of $3.4 million.

The Company allocated the purchase price of the properties acquired during the six months ended June 30, 2015
as follows:
			Buildings		Total
	Land		and other		Purchase Price
Model Homes Properties	$	797,000	$	4,923,000	$	5,720,000