Presidio Property Trust (SQFT) 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	6 Months Ended	7 Months Ended
	Jun. 30, 2015	Aug. 14, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	NETREIT, INC.
Entity Central Index Key	1,080,657
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock Shares Outstanding		17,011,108
Entity Listing, Par Value Per Share		$ 0.01
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Jun. 30, 2015	Dec. 31, 2014
Real Estate Investment Property, Net [Abstract]
Land		$ 40,867,782	$ 40,422,812
Buildings and improvements		131,425,970	128,719,410
Tenant improvements		15,509,400	13,164,998
Lease Intangibles		9,380,711	9,793,814
Real estate assets and lease intangibles, cost		197,183,863	192,101,034
Accumulated depreciation and amortization		(26,072,295)	(23,011,006)
Real estate assets and lease intangibles, net		171,111,568	169,090,028
Real estate assets held for sale, net		0	29,107,675
Cash and cash equivalents		11,471,805	5,636,002
Restricted cash		8,956,326	4,086,498
Deferred leasing and finance costs, net		4,831,901	5,438,857
Goodwill		2,423,000	2,423,000
Other assets, net		6,370,127	4,842,878
TOTAL ASSETS		205,164,727	220,624,938
Liabilities:
Mortgage notes payable	[1]	108,615,615	106,966,774
Liabilities related to Assets Held for Sale		0	16,932,524
Accounts payable and accrued liabilities		5,926,568	6,631,804
Dividends payable		1,045,654	997,175
Below Market Rent		908,231	960,328
Total liabilities		$ 133,096,068	$ 149,088,605
Commitments and contingencies
Shareholders' equity:
Additional paid-in capital		$ 144,971,664	$ 143,715,876
Dividends in excess of accumulated losses		(85,556,159)	(83,150,866)
Total stockholders' equity before noncontrolling interest		59,585,617	60,733,884
Noncontrolling interest		12,483,042	10,802,449
Total equity		72,068,659	71,536,333
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		205,164,727	220,624,938
Redeemable Convertible Preferred Stock Series B [Member]
Liabilities:
Mandatorily redeemable Series B Preferred Stock, $0.01 par value, $1,000 liquidating preference; shares authorized: 40,000; shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively		16,600,000	16,600,000
Common Class A [Member]
Shareholders' equity:
Common stock series A, $0.01 par value, shares authorized: 100,000,000; 16,941,250 and 16,887,377 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively		$ 170,112	$ 168,874
[1]	Each Model Home has a standalone mortgage note at interest rates ranging from 4.9% to 5.8% (at June 30, 2015).

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Redeemable Convertible Preferred Stock Series B [Member]
Preferred stock, par or stated value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock liquidation preference value (in dollars per share)	$ 1,000	$ 1,000
Preferred stock shares authorized (in shares)	40,000	40,000
Preferred stock shares issued (in shares)	16,600	16,600
Preferred stock shares outstanding (in shares)	16,600	16,600
Common Class A [Member]
Common stock, par or stated value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock shares issued (in shares)	17,011,108	16,887,377
Common stock shares outstanding (in shares)	17,011,108	16,887,377

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements of Operations [Abstract]
Rental income	$ 5,396,700	$ 3,794,652	$ 10,740,383	$ 7,703,609
Fee and other income	195,192	48,128	223,709	58,422
Total Revenues	5,591,892	3,842,780	10,964,092	7,762,031
Costs and expenses:
Rental operating costs	1,910,903	1,355,292	3,840,094	2,615,850
General and administrative expenses	1,139,112	1,563,793	2,293,914	2,688,649
Depreciation and amortization	1,814,786	1,260,522	3,676,332	2,439,010
Total costs and expenses	4,864,801	4,179,607	9,810,340	7,743,509
Other income (expense) [Abstract]
Interest expense-Series B preferred stock	(817,162)	0	(1,764,591)	0
Interest expense - mortgage notes	(1,458,860)	(1,149,972)	(2,891,023)	(2,199,055)
Interest and other income	21,153	41,790	35,757	60,159
Gain on sales of real estate and partnerships, net	1,116,258	936,030	1,194,754	1,663,807
Total other income (expense), net	(1,138,611)	(172,152)	(3,425,103)	(475,089)
Loss from continuing operations	(411,520)	(508,979)	(2,271,351)	(456,567)
Gain (Loss) on the sale of real estate	4,730,398	(156,651)	4,730,398	(156,651)
(Loss) income from discontinued operations, net	(161,679)	74,008	(131,375)	139,690
Income (loss) from discontinued operations	4,568,719	(82,643)	4,599,023	(16,961)
Net income (loss)	4,157,199	(591,622)	2,327,672	(473,528)
Income attributable to noncontrolling interests	(1,186,012)	(504,797)	(1,318,526)	(982,905)
Net loss attributable to NetREIT, Inc. common stockholders	$ 2,971,187	$ (1,096,419)	$ 1,009,146	$ (1,456,433)
Basic and diluted loss (income) per common share
Continuing operations	$ (0.02)	$ (0.03)	$ (0.13)	$ (0.03)
Discontinued operations	(0.01)	0	(0.01)	0.01
Net loss per common share	$ 0.18	$ (0.07)	$ 0.06	$ (0.09)
Weighted average number of common shares outstanding - basic and diluted (in shares)	16,968,976	16,831,217	16,932,306	16,768,211

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - 6 months ended Jun. 30, 2015 - USD ($)	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Dividends In Excess of Accumulated Losses [Member]	Noncontrolling Interest [Member]	Parent [Member]
Beginning balance (in shares) at Dec. 31, 2014		16,887,377
Beginning balance at Dec. 31, 2014	$ 60,733,884	$ 168,874	$ 143,715,876	$ (83,150,866)	$ 10,802,449	$ 71,536,333
Net (loss) income	1,009,146	$ 0	0	1,009,146	1,318,526	2,327,672
Dividends paid/reinvested (in shares)		69,662
Dividends declared/reinvested, value	(1,045,654)	$ 697	661,280	(1,707,631)	0	(1,045,654)
Dividends Shares		72,906
Dividends paid	(1,013,984)	$ 729	692,095	(1,706,808)	0	(1,013,984)
Common stock issued, shares		2,163
Common stock issued, value	49,999	$ 22	49,977	0	0	49,999
Common stock repurchased - related parties (in shares)		(21,000)
Common stock repurchased - related parties	(147,774)	$ (210)	(147,564)	0	0	(147,774)
Contributions from noncontrolling interests net of distributions paid	0	$ 0	0	0	362,067	362,067
Ending balance (in shares) at Jun. 30, 2015		17,011,108
Ending balance at Jun. 30, 2015	$ 59,585,617	$ 170,112	$ 144,971,664	$ (85,556,159)	$ 12,483,042	$ 72,068,659

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)		$ 2,327,672	$ (473,528)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization from continueing operations		3,676,332	2,908,793
Depreciation and amortization from discontinued operations		165,646	0
Stock compensation		237,547	258,996
Bad debt expense		0	67,924
Gain on sales of real estate and partnerships, net		(5,925,152)	(1,507,155)
Amortization expense of financing costs		621,036	230,054
Amortization of above market leases		113,579	92,152
Amortization of below market rent		(52,097)	(14,023)
Changes in operating assets and liabilities:
Other assets		(1,567,699)	(705,427)
Accounts payable and accrued liabilities		(942,782)	(1,194,454)
Net cash provided by operating activities		(1,345,918)	(336,668)
Cash flows from investing activities:
Real estate acquisitions	[1]	(5,720,540)	(7,131,300)
Building and tenant improvements	[1]	(1,528,685)	(1,841,738)
Deferred leasing costs		(167,194)	(293,451)
Proceeds received sale of real estate assets and partnerships		36,544,507	7,807,978
Increase (Decrease) in Restricted Cash		(4,869,828)	(368,172)
Net cash used in investing activities		24,258,260	(1,826,683)
Cash flows from financing activities:
Proceeds from mortgage notes payable, net of issuance costs		9,376,835	15,273,607
Repayment of mortgage notes payable		(24,706,507)	(9,668,951)
Proceeds from Issuance of Common Stock		49,999	0
Contributions received from noncontrolling interests net of distributions paid		362,067	(965,407)
Repurchase of common stock		(147,774)	(174,122)
Dividends paid to stockholders		(2,011,159)	(2,526,840)
Net cash (used in) provided by financing activities		(17,076,539)	1,938,287
Net increase (decrease) in cash and cash equivalents		5,835,803	(225,064)
Cash and cash equivalents:
Cash and cash equivalents - Beginning of year		5,636,002	10,207,001
Cash and cash equivalents - Ending of year		11,471,805	9,981,937
Supplemental disclosure of cash flow information:
Interest Paid, Preferred Stock Series B		971,334	0
Interest Paid, Mortgage Notes		2,823,935	2,376,424
Non-cash financing activities:
Reinvestment of cash dividend		1,354,801	1,938,474
Accrual of dividends payable		1,045,654	1,293,866
Conversion of partnership interests into common stock		$ 0	$ 165,018
[1]	Total consolidated capital expenditures are equal to the same amounts disclosed for total reportable segments.

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization and Basis of Presentation
Organization and Basis of Presentation [Text Block]	1. ORGANIZATION Organization. NetREIT (the “Company”) was incorporated in the State of California in January 1999 for the purpose of investing in real estate properties. Effective August 2010, NetREIT merged into NetREIT , Inc., a Maryland Corporation, with NetREIT , Inc. becoming the surviving Corporation. As a result of the merger, NetREIT is now incorporated in the State of Maryland. The Company qualifies and operates as a self-administered real estate investment trust ( “REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), and commenced operations with capital provided by its private placement offering of its equity securities in 1999. The Company’s portfolio includes the following properties: Fourtee n office buildings and one industrial building (“Office Properties”) which total approximately 1,152,000 rentable square feet, Five retail shopping centers (“Retail Properties”) which total approximately 230,000 rentable square feet, Four Model Homes owned by one limited liability company, and Sixty-three Model Homes owned by three affiliated limited partnerships . (“Residential Properties”). The Company sold all s even of its self-storage facilities (“Self-Storage Properties”) which total ed approximately 652,000 rentable square feet on April 10, 2015. The following partnership activity occurred during the periods covered by these consolidated financial statements: The Company is the sole General Partner in three limited partnerships ( NetREIT Palm Self-Storage LP, NetREIT Ca sa Grande LP and NetREIT Garden Gateway LP), all with ownership in real estate income producing properties. The Company refers to these entities collectively, as the “ NetREIT Partnerships”. The Company is a limited partner in three partnerships that purchase and leaseback Model Homes from developers (“Dubose Model Home Investors #201, LP”, “Dubose Model Homes Investors #202, LP”, and “ NetREIT Dubose Model Home REIT, LP”). The Company refers to these entities collectively, as the “Model Home Partnershi ps”. The Company had previously been a limited partner in a number of Model Home partnerships, the last of which (Dubose Acquisition Partners II, Dubose Model Home Income Fund #3, LTD., Dubose Model Home Income Fund #4, LTD., and Dubose Model Home Invest ors Fund #113, LP) sold all of their Model Home assets and were dissolved before the end of 2014. These entities were referred to as the “Income Funds”. The Company has determined that the entities described above, where it owns less than 100%, should be included in the Company’s consolidated financial statements as the Company directs their activities and believes that it controls these limited partnerships through NetREIT , the Parent Company. The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Code, for federal income tax purposes. To qualify as a REIT, the Company must distribute annually at least 90% of adjusted taxable income, as defined in the Code, to its stockholders and satisfy certain other organizational and oper ating requirements. As a REIT, no provision is made for federal income taxes on income resulting from those sales of real estate investments which have or will be distributed to stockholders within the prescribed limits. However, taxes are provided for tho se gains which are not anticipated to be distributed to stockholders unless such gains are deferred pursuant to Section 1031. In addition, the Company is subject to a federal excise tax which equals 4% of the excess, if any, of 85% of the Company’s ordinar y income plus 95% of the Company’s capital gain net income over cash distributions, as defined. The Company believes that it has met all of the REIT distribution and technical requirements for the six months ended June 30 , 2015 and 2014 . Earnings an d profits that determine the taxability of distributions to stockholders differ from net income reported for financial reporting purposes due to differences in estimated useful lives and methods used to compute depreciation and the carrying value (basis) o n the investments in properties for tax purposes, among other things. During the six months ended June 30 , 2015 and 2014 , because of net losses, all distributions were considered return of capital to the stockholders and therefore non-taxable. The Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. Neither the Company nor its subsidiaries have been assessed any significant interest or penalties for tax positions by any major tax jurisdictions.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Significant Accounting Policies
Significant Accounting Policies [Text Block]	2 . SIGNIFICANT ACCOUNTING POLICIES There have been no significant changes to the Company’s accounting policies since it filed its audited financial statements in its Annual Report on Form 10-K for the year ended December 31, 2014 . During the six months ended June 30, 2015 we adopted guidance for reporting of discontinued operations. For further information about the Company’s accounting policies, refer to the Company’s consolidated financial statements and notes thereto for the year ended Decembe r 31, 2014 included in the Company’s Annual Report on Form 10-K filed with the Securities Exchange Commission (“SEC”) . Basis of Presentation . The accompanying condensed consolidated financial statements have been prepared by the Company's management in a ccordance with accounting principles generally accepted in the United States of America (" GAAP ") for interim financial statement and the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures required for annual consolidated financial statements have been condensed or excluded pursuant to rules and regulations of the SEC. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments of a normal and recurr ing nature that are considered necessary for a fair presentation of our financial position, results of our operations, and cash flows as of and for the six months ended June 30, 2015 and 2014 , respectively. However, the results of operations for the inter im periods are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto inc luded in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. The condensed consolidated balance sheet at year ended December 31, 2014 has been derived from the audited consolidated financial statements included in the Form 10-K f iled with the SEC on March 30, 2015. Principles of Consolidation . The accompanying condensed consolidated financial statements include the accounts of the Company and its direct and indirect wholly-owned subsidiaries and entities the Company controls or o f which it is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. Real Estate Held for Sale and Discontinued Operations . Real estate sold during the current period is classified as “real e state held for sale” for all prior periods presented in the accompanying condensed consolidated financial statements. Mortgage notes payable related to the real estate sold during the current period is classified as “notes payable related to real estate held for sale” for all prior periods presented in the accompanying condensed consolidated financial statements. Additionally, the Company records the operating results related to real estate that has been disposed of as discontinued operations for all per iods presented if the operations have been eliminated and the Company will not have any significant continuing involvement in the operations of the property following the sale. Use of Estimates . The preparation of financial statements in c onformity with G AAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues an d expenses during the reporting periods. Significant estimates include the allocation of purchase price paid for property acquisitions between land, building and intangible assets acquired including their useful lives; valuation of long-lived assets, and t he allowance for doubtful accounts, which is based on an evaluation of the tenants’ ability to pay. Actual results may differ from those estimates. Reclassifications. Certain reclassifications ha ve been made to the previously presented consolidated financ ial statements and condensed consolidated financial statements to conform to the current period presentation. These reclassifications had no effect on previously reported results of consolidated operations or equity. Recently Issued Accounting Pronouncem ents. In February 2015, the Financial Accounting Standards Board or “FASB” issued an Accounting Standards Update “ASU” which modifies the guidance for consolidations. The standard is effective for the Company’s fisca l year beginning January 1, 2018 . Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not believe the adoption of this standard will have a material impact on its financial position, results of operations or relate d financial statement disclosures. In April 2015, the FASB issued an ASU which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. For public business entities, the ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Entities should apply the new guidance on a retrospective basis , wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, entities are required to comply with the applicable disclosures for a change in an acco unting principle. The adoption of this ASU is not expected to have a material impact on the Company’s financial statements. In January 2015, the FASB issued an ASU which eliminates the concept of extraordinary items. Extraordinary items are events and tran sactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from conside ration. The standard is effective for the Company’s fiscal year beginning January 1, 2016. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not believe the adoption of thi s standard will have a material impact on its financial position, results of operations or related financial statement disclosures In May 2014, the FASB issued an ASU which supersedes or replaces nearly all GAAP revenue recognition guidance. The new guidance establishes a new control-based revenue recognition model, changes the basis for deciding when revenue is recognized over time or at a point in time and will expand disclosures about revenue. This guidance was originally effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 31, 2016, which for the Company is January 1, 2017; early adoption was not permitted. In April 2015, the FASB voted to propose a deferral of the effective date of the new standard by one year, but to permit companies to adopt one year earlier if they choose. The Company is assessing the impact of this ASU and date of adoption.

Real Estate Transactions

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 home builder s . The purchase p rice for the properties was $5.7 million. The purchase price paid wa s through cash payments of $2.3 mill ion 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

Real Estate Assets

Real Estate Assets	6 Months Ended
	Jun. 30, 2015
Real Estate Assets [Abstract]
Real Estate Assets [Text Block]	4. REAL ESTATE ASSETS AND LEASE INTANGIBLES A summary of the properties owned by the Company as of June 30, 2015 is as follows: Real estate Date assets, net Property Name Acquired Location (in thousands) Havana/Parker Complex June 2006 Aurora, Colorado $ 2,204 Garden Gateway Plaza March 2007 Colorado Springs, Colorado 12,090 World Plaza September 2007 San Bernardino, California 6,775 Regatta Square October 2007 Denver, Colorado 1,888 Executive Office Park July 2008 Colorado Springs, Colorado 8,282 Waterman Plaza August 2008 San Bernardino, California 5,961 Pacific Oaks Plaza September 2008 Escondido, California 4,273 Morena Office Center January 2009 San Diego, California 5,414 Rangewood Medical Office Building March 2009 Colorado Springs, Colorado 2,359 Genesis Plaza August 2010 San Diego, California 8,512 Dakota Bank Buildings May 2011 Fargo, North Dakota 10,369 Yucca Valley Retail Center September 2011 Yucca Valley, California 7,846 Port of San Diego Complex December 2011 San Diego, California 13,978 Shoreline Medical Building May 2012 Half Moon Bay, California 5,959 The Presidio November 2012 Aurora, Colorado 6,636 Bismarck March 2014 Fargo, ND 4,855 Union Terrace Building August 2014 Lakewood, CO 8,815 Centennial Tech Center December 2014 Colorado Springs, Colorado 15,671 Arapahoe Service Center December 2014 Centennial, CO 11,733 Union Town Center December 2014 Colorado Springs, Colorado 11,297 NetREIT, Inc properties 154,917 Model Home properties 2009-2015 AZ, CA, NC, NJ, PA, SC, TX 16,195 Total real estate assets and lease intangibles, net $ 171,112

Lease Intangibles

Lease Intangibles	6 Months Ended
	Jun. 30, 2015
Lease Intangible Assets [Abstract]
Lease Intangible Assets Disclosure [Text Block]	5. LEASE INTANGIBLES The following table summarizes the net value of other intangible assets and the accumulated amortization for each class of intangible asset: June 30, 2015 December 31, 2014 Lease Accumulated Lease Lease Accumulated Lease intangibles amortization Intangibles, net intangibles amortization Intangibles, net In-place leases $ 4,193,452 $ (2,184,641) $ 2,008,811 $ 4,255,565 $ (1,842,782) $ 2,412,783 Leasing costs 3,210,146 (1,445,810) 1,764,336 3,228,415 (1,214,967) 2,013,448 Above-market leases 1,977,113 (1,316,400) 660,713 1,977,113 (1,202,821) 774,292 Tenant relationships - - - 332,721 (332,721) - $ 9,380,711 $ (4,946,851) $ 4,433,860 $ 9,793,814 $ (4,593,291) $ 5,200,523 Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: $ 543,000 (2015), $853,000 (2016), $688,000 (2017), $485,000 (2018), $435,000 (2019) and $1,430,000 (thereafter). The weighted average period for the intangible assets as of June 30, 2015 was 5.7 years.

Real Estate Held For Sale and D

Real Estate Held For Sale and Discontinued Operations	6 Months Ended
	Jun. 30, 2015
Real Estate Held For Sale and Discontinued Operations [Abstract]
Real Estate Held For Sale and Discontinued Operations [Text Block]	6. REAL ESTATE HELD FOR SALE AND DISCONTINUED OPERATIONS Discontinued operations for the three and six months ended June 30 , 2015 and year ended December 31, 2014 include the operations of its Sparky’s Self-Storage Portfolio located in Southern California. The following summary presents the major components of real estate held for sale and liabilities related to real estate held for sale as of June 30 , 2015 a nd December 31, 2014: June 30, December 31, 2015 2014 Real estate assets $ - $ 32,637,520 Less: accumulated depreciation - (3,529,845) Real estate assets, net - 29,107,675 Other assets - 895,831 Total assets $ - $ 30,003,506 Mortgage notes payable $ - $ 16,923,524 Other liabilities - 499,955 Total liabilities $ - $ 17,423,479 The following table summarizes certain revenue and expenses related to these properties for the three and six months ended June 30 , 2015 and 2014 : Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 Rental revenues $ 150,564 $ 761,768 $ 940,048 $ 1,545,475 Fee and other income 8,725 87,323 112,218 164,203 Rental operating expenses (114,871) (387,538) (595,832) (794,295) Depreciation - (166,394) (165,646) (333,663) Interest expense (206,097) (221,151) (422,163) (442,030) Gain on sale of real estate 4,730,398 (156,651) 4,730,398 (156,651) Discontinued operations before non-controlling interests $ 4,568,719 $ (82,643) $ 4,599,023 $ (16,961)

Mortgage Notes Payable

Mortgage Notes Payable	6 Months Ended
	Jun. 30, 2015
Mortgage Notes Payable [Abstract]
Mortgage Notes Payable	7. MORTGAGE NOTES PAYABLE Mortgage notes payable consisted of the following: Principal as of Loan Interest June 30, December 31, Mortgage note property Notes 2015 2014 Type Rate (1) Maturity Havana/Parker Complex $ 2,500,000 $ 2,500,000 Fixed 6.51% 7/1/16 Garden Gateway Plaza 6,882,329 6,963,381 Fixed 5.00% 4/5/20 Waterman Plaza - 3,368,146 Fixed 6.50% 9/1/15 Sparky’s Thousand Palms (2) - 4,092,100 Variable 5.50% * 3/1/34 Sparky's Hesperia East (3) - 830,883 Variable 4.75% * 12/18/22 Sparky's Rialto (4) - 2,119,037 Fixed 4.75% * 5/3/18 Genesis Plaza 4,426,071 4,491,588 Fixed 4.65% 9/1/15 Executive Office Park (5) 4,343,396 4,379,854 Fixed 5.80% 7/1/25 Dakota Bank Buildings 10,908,136 10,993,386 Fixed 4.74% 7/6/24 Yucca Valley Retail Center 6,000,000 2,982,411 Fixed 4.30% 4/11/25 Rangewood Medical Office Building 1,060,119 1,092,778 Fixed 4.95% 1/1/19 Regatta Square 1,199,085 1,214,799 Fixed 4.95% 1/1/19 Port of San Diego Complex 10,243,812 10,368,228 Fixed 4.75% 3/5/20 Morena Office Center (6) 2,320,618 2,351,805 Fixed 4.50% 1/1/21 Pacific Oaks Plaza (6) 1,577,992 1,599,204 Fixed 4.50% 6/1/21 Shoreline Medical Building (6) 3,787,093 3,846,697 Fixed 5.10% 6/1/22 Sparky's Palm, Joshua and Sunrise - 7,986,522 Fixed 4.70% * 12/6/22 The Presidio 6,000,000 6,000,000 Fixed 4.54% 12/1/24 Sparky's Lancaster - 1,903,982 Fixed 5.00% * 6/1/20 Bismarck Office Building 3,286,301 3,321,198 Fixed 4.50% 9/5/24 Union Terrace Building 6,600,000 6,600,000 Fixed 4.34% 12/5/24 Centennial Tech Center 10,250,000 10,250,000 Fixed 4.34% 1/5/25 Arapahoe Service Center 8,500,000 8,500,000 Fixed 4.28% 1/5/25 Union Town Center 8,440,000 8,440,000 Fixed 4.28% 1/5/25 Subtotal, NetREIT, Inc. properties 98,324,952 116,195,999 Model Home mortgage notes (7) 10,290,663 7,703,299 Fixed 2015-19 Mortgage Notes Payable, total $ 108,615,615 $ 123,899,298 (1) Interest rates as of June 30, 2015 (2) Interest at variable rate ranging from 5.50%-10.50%. (3) Interest at a variable rate indexed to the 5 year interest rate swap. (4) Interest subject to reset; thereafter, monthly payments of $11,982, including interest at rate indexed to 5-year Treasury Rate + 3%. (5) Interest rate is subject to reset on July 1, 2018. (6) Interest rate subject to resetting on the 6th loan anniversary. (7) Each Model Home has a standalone mortgage note at interest rates ranging from 4.9% to 5.8% (at June 30, 2015). * Mortgage notes payable, aggregating $16,932,524 were paid off in connection with the sale of the self-storage facilities on April 10, 2015. Refer to Note 6. The Company is in compliance with all conditions and covenants of its mortgage notes payable. Scheduled principal payments of mortgage notes payable for the years ending December 31 were as follows as of June 30 , 2015: NetREIT, Inc. Model Homes Principal Notes Payable Notes Payable Payments Six months remaining in 2015 $ 5,003,011 $ 413,854 $ 5,416,865 Years ending December 31: 2016 7,022,347 562,848 7,585,195 2017 1,456,439 1,214,340 2,670,779 2018 5,600,548 1,807,633 7,408,181 2019 2,455,970 1,190,745 3,646,715 Thereafter 76,786,637 5,101,243 81,887,880 Total $ 98,324,952 $ 10,290,663 $ 108,615,615

Series B Mandatorily Redeemable

Series B Mandatorily Redeemable Preferred Stock	6 Months Ended
	Jun. 30, 2015
Shares Subject To Mandatory Redemption [Abstract]
Financial Instruments Subject to Mandatory Redemption Disclosure [Text Block]	8 . SERIES B MANDATORILY REDEEMABLE PREFERRED STOCK In August 2014, the Company closed on a private placement offering of its mandatorily redeemable Series B Preferred Stock. The financing, which will b e funded in installments, was to be completed no later than the one year anniversary of the initial investment but was subsequently extended to November 2015 . At the conclusion of the funding period, the Company expects to generate a total capital contribution of $40.0 million which is to be used for Series B Preferred investor approved property acquisitions. Certain specified management decisions must be approved in advance by the Series B Preferred investor and upon the occurrence of an event of default, the Preferred Stock investor has certain add itional rights. As of June 30, 2015 , the Company had issued 16,600 shares of its Series B Preferred Stock for $16,600,000 . The Company has classified the Series B Preferred Stock as a liability in accordance with FASB Accounting Standards Codification (“AS C”) Topic No. 480, “ Distinguishing Liabilities from Equity ,” which states that mandatorily redeemable financial instruments should be classif ied as liabilities and the related dividend payments and amortization of issuance costs are treated as a component of interest expense in the accompanying consolidated statements of operations. The Series B preferred stock has a $0.01 par value and a $1,000 liquidation preference. The Series B preferred stock shall be redeemed through a cash payment of the face value of the shares outstanding at redemption. The preferred return on the funds invested is 14% (10% shall be paid on a monthly basis and the remaining 4% shall accrue and compound monthly payable at the redemption date). The Series B Preferred Stock is scheduled to be redeemed by the third anniversary of the closing date; however, the Company has the right to extend the redemption for up to two additional years. The Company incurred approximately $2.7 million in legal and underwriting costs related to this transaction. These costs have been recorded as deferred financing costs on the accompany ing consolidated balance sheets and will be amortized over the term of the agreement. Amortization exp ense totaling approximately $230 ,000 and $460,000 w as included in interest expense-series B preferred stock for the three and six months ended June 30, 20 15, respectively , in the accompanying condensed consolidated statement of operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity [Abstract]
Stockholders' Equity	9. STOCKHOLDERS' EQUITY Preferred Stock. The Company is authorized to issue up to 8,990,000 shares of preferred stock (the “Preferred Stock”). The Preferred Stock may be issued from time to time in one or more series. The Board of Directors is authorized to fix the number of shares of any series of the Preferred Stock, to determine the designation of any such series, and to determine or alter the rights granted to or imposed upon any wholly unissued series of preferred stock including the dividend rights, dividend rate, conversion rights, voting r ights, redemption rights (including sinking fund provisions), redemption price, and liquidation preference. Common Stock. The Company is authorized to issue up to 100,000,000 shares of Series A Common Stock (“Common Stock”) $ 0.01 par value and 1,000 shar es of Series B Common Stock $0.01 par value. The Common Stock and the Series B Common Stock have identical rights, preferences, terms and conditions except that the Series B Common Stockholders are not entitled to receive any portion of Company assets in t he event of Company liquidation. There have been no Series B Common Stock shares issued. Each share of Common Stock entitles the holder to one vote. The Common Stock is not subject to redemption and it does not have any preference, conversion, exchange or pre-emptive rights. The articles of incorporation contain a restriction on ownership of the Common Stock that prevents one person from owning more than 9.8% of the outstanding shares of common stock. In October 2006, the Company commenced a private place ment offering of its common stock. Through December 31, 2011 when the offering was closed, the Company conducted a self-underwritten private placement offering and sale of 20,000,000 shares of its common stock at a price of $10 per share. This offering was made only to accredited investors (and up to thirty-five non-accredited investors) pursuant to an exemption from registration provided by Section 4(2) and Rule 506 of Regulation D under the Securities Act of 1933, as amended. No public or private market c urrently exists for the securities sold under this offering. Cash Dividends. During the six months ended June 30 , 2015 and 2014 the Company paid cash dividends, net of reinvested stock divid ends, of $2,011,000 and $2,527 ,000 , respectively, or at a rate $0.471 and $0.543 per share, respectively, on an annualized basis. As the Company reported net taxable losses in both of these periods, and on a cumulative basis, these cash dividends represent a return of capital to the stockholders rather than a d istribution of earnings. The Company did not pay any cash dividends on its Convertible Series 6.3% Preferred Stock during the three and six months en ded June 30 , 2015 as the preferred stock was redeemed in August 2014. The Company paid cash dividends on its Convertible Series 6.3% Preferred Stock of approximately $26,000 and $52,000 during the three and six months ended June 30 , 2014 , respectively . The dividends were paid to a subsidiary that is consolidated into the condensed consolidated financial s tatements of the Company and, as a result, have been eliminated in consolidation. Dividend Reinvestment Plan. The Company has adopted a distribution reinvestment plan that allows stockholders to have dividends and other distributions otherwise distributa ble to them invested in additional shares of Company common stock. The Company has registered 1,500,000 shares of common stock pursuant to the dividend reinvestment plan. The dividend reinvestment plan became effective on January 23, 2012. The purchase pri ce per share is 95% of the price the Company w as formerly selling its shares or $9.50 per share. No sales commission or dealer manager fee will be paid on shares sold through the dividend reinvestment plan. The Company may amend, suspend or terminate the P lan at any time. Any such amendment, suspension or termination will be effective upon a designated dividend record date and notice of such amendment, suspension or termination will be sent to all Participants at least thirty (30) days prior to such record date. As of June 30, 2015, the third year und er the plan, approximately $12.6 million or approximately 1,32 9,000 shares of common stock have been issued under the dividend reinvestment plan to date.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions [Text Block]	10 . RELATED PARTY TRANSACTIONS The Company leases a portion of its corporate headquarters at Pacific Oaks Plaza in Escondido, California to an entity 100% owned by the Company’s Chairman and Chief Executive Officer and another related party. Rental income recorded for the three months ended June 30 , 2015 and 2014 totaled $7,000 and $7,000, respectively and r enta l income recorded for the six months ended June 30 , 2015 and 2014 totaled $14,000 and $14 ,000, respectively . In January 2014, the former limited partner of NetREIT 01, LP, a consolidated subsidiary of the Company (the "Partnership") that owns the Presidio, exercised its option to convert approximately 52.8% of its ownership interests in the Partnership in exchange for approximately 21,000 shares of Company common stock. After conversion, the Company’s interest in the Partnership increased to approx imately 89%. The Company purchased these shares from the limited partner at a price that was determined when the Partnership was formed, which, adjusted for stock dividends, was $7.858 per share. The stock purchase transaction was subject to the Company's related party transaction policy, which required a review of the transaction by the non-interested parties of the Audit Committee and a subsequent vote by the Company's Board of Directors (and was formally approved in December 2013). Effective April 2014, the former limited partner elected to convert all of its remaining interest in the Partnership in exchange for 18,807 shares of Company common stock. The Company bought these shares back in January 2015 for an aggregate purchase price of approximately $148 ,000 at which time the Company’s interest in the Partnership increased to 100%. The limited partner of NetREIT 01, LP is the Allen Trust DTD 7-9-1999. William H. Allen, a Director of the Company and Chairman of the Audit Committee, is a beneficiary and a trustee of this trust. The Partnership was formed approximately one year before Mr. Allen became a Board Member.

Segments

Segments	6 Months Ended
	Jun. 30, 2015
Segments [Abstract]
Segments [Text Block]	11 . SEGMENTS The Company’s reportable segments consist of the four types of commercial real estate properties for which the Company’s decision-makers internally evaluate operating performance and financial results: Residential Properties, Industrial and Office Properties, Retail Properties; and Self-Storage Properties ( sold on April 10, 2105) . The Company also has certain corporate level activities including accounting, finance, legal administration and management information systems whic h are not considered separate operating segments. The accounting policies of the reportable segments are the same as those described in Note 2. There is no intersegment activity. The Company evaluates the performance of its segments based upon net oper ating income (“NOI”), which is a non-GAAP supplemental financial measure. The Company defines NOI for its segments as operating revenues (rental income, tenant reimbursements and other operating income) less property and related expenses (property operatin g expenses, real estate taxes, insurance, asset management fees, impairments and provision for bad debt) less interest expense. NOI excludes certain items that are not considered to be controllable in connection with the management of an asset such as non- property income and expenses, depreciation and amortization, real estate acquisition fees and expenses and corporate general and administrative expenses. The Company uses NOI to evaluate the operating performance of the Company’s real estate investments an d to make decisi ons about resource allocations. The following tables reconcile the Company’s segment activity to its results of operations and financial position as of and for the three months ended June 30 , 2015 and 2014 . Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Office/Industrial Properties: Rental income $ 4,085,110 $ 2,639,041 $ 8,175,946 $ 5,246,281 Property and related expenses (1,564,983) (1,102,117) (3,135,551) (2,141,203) Net operating income, as defined 2,520,127 1,536,924 5,040,395 3,105,078 Residential Properties: Rental income 345,427 572,876 817,010 1,244,062 Property and related expenses (23,609) (38,108) (34,847) (44,843) Net operating income, as defined 321,818 534,768 782,163 1,199,219 Retail Properties: Rental income 955,259 630,863 1,971,136 1,271,689 Property and related expenses (322,311) (215,072) (669,696) (429,804) Net operating income, as defined 632,948 415,791 1,301,440 841,885 Self-Storage Properties (discontinued operations): Rental income 159,289 849,091 1,052,266 1,709,678 Property and related expenses (114,872) (775,083) (1,183,641) (1,569,988) Gain on sale of real estate 4,730,398 (156,651) 4,730,398 (156,651) Net operating income, as defined 4,774,815 (82,643) 4,599,023 (16,961) Reconciliation to net income (loss): Total net operating income, as defined, for reportable segments 8,249,708 2,404,840 11,723,021 5,129,221 General and administrative expenses (1,139,112) (1,563,793) (2,293,914) (2,688,649) Depreciation and amortization (1,814,786) (1,260,522) (3,676,332) (2,439,010) Interest expense (2,276,022) (1,149,972) (4,655,614) (2,199,055) Interest income 21,153 41,790 35,757 60,159 Gain on sales of real estate and partnerships, net 1,116,258 936,034 1,194,754 1,663,806 Net income (loss) $ 4,157,199 $ (591,623) $ 2,327,672 $ (473,528) June 30, December 31, 2015 2014 Assets by Reportable Segment: Office/Industrial Properties: Land, buildings and improvements, net (1) $ 120,020,629 $ 122,351,316 Total assets (2) $ 128,948,541 $ 130,185,089 Residential Properties: Land, buildings and improvements, net (1) $ 18,042,556 $ 13,133,827 Total assets (2) $ 15,279,341 $ 13,588,922 Retail Properties: Land, buildings and improvements, net (1) $ 33,039,886 $ 33,141,294 Total assets (2) $ 35,103,181 $ 34,712,223 Self-Storage Properties (real estate held for sale): Land, buildings and improvements, net (1) $ - $ 29,107,675 Total assets (2) $ - $ 30,003,506 Reconciliation to Total Assets: Total assets for reportable segments $ 179,331,063 $ 208,489,740 Other unallocated assets: Cash and cash equivalents 11,471,805 5,636,002 Other assets, net 14,361,859 6,499,196 Total Assets $ 205,164,727 $ 220,624,938 (1) Includes lease intangibles and the land purchase option related to property acquisitions. (2) Includes land, buildings and improvements, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis. Capital Expenditures by Reportable Segment Six Months Ended June 30, 2015 2014 Office/Industrial Properties: Acquisition of operating properties $ - $ 5,350,000 Capital expenditures and tenant improvements 1,481,102 1,387,057 Residential Properties: Acquisition of operating properties 5,720,540 1,781,300 Retail Properties: Capital expenditures and tenant improvements 41,333 378,473 Self-Storage Properties (real estate held for sale): Capital expenditures and tenant improvements 6,250 76,208 Totals: Acquisition of operating properties, net 5,720,540 7,131,300 Capital expenditures and tenant improvements 1,528,685 1,841,738 Total real estate investments $ 7,249,225 $ 8,973,038

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	12 . SUBSEQUENT EVENTS In August 2015 , the Co mpany acquired the West Fargo Industrial office building s for the purc hase price of approximately $7.9 million plus closing costs. The Property consists of seven industrial buildings with approximately 152,154 rentable square feet located in Fargo, North Dakota . The Company acquired the property with a ca sh payment of approximately $3.4 million a nd fixed rate mortgage note $4.5 million and is due in August 2020. In August 2015 , the Co mpany acquired the 300 N . P . office building for the purc hase price of approximately $3.9 million plus closing costs. The Property consists of one office building with approximately 34,056 rentable square feet located in Fargo, North Dakota . The Company acquired the property with a ca sh payment of approximately $3.9 million. The Company has executed three other purchase and sale contracts for three properties located in Colorado for a combined purchase price of approximately $22 million. They are expected to close during the third quarter of 2015. In August 2015, the Company issued 13,400 shares of Series B mandatoril y redeemable preferred stock for $13,266,000 net of offering costs of $134,000. In addition, the Company entered into an agreement to extend the funding period for the issuance of the remaining 10,000 shares to November 2015. Refer to footnote 8 for additional information on this offering.

Significant Accounting Polici19

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Significant Accounting Policies
Basis of Presentation [Policy Text Block]	Basis of Presentation . The accompanying condensed consolidated financial statements have been prepared by the Company's management in a ccordance with accounting principles generally accepted in the United States of America (" GAAP ") for interim financial statement and the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures required for annual consolidated financial statements have been condensed or excluded pursuant to rules and regulations of the SEC. In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments of a normal and recurr ing nature that are considered necessary for a fair presentation of our financial position, results of our operations, and cash flows as of and for the six months ended June 30, 2015 and 2014 , respectively. However, the results of operations for the inter im periods are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto inc luded in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. The condensed consolidated balance sheet at year ended December 31, 2014 has been derived from the audited consolidated financial statements included in the Form 10-K f iled with the SEC on March 30, 2015.
Principles of Consolidation	Principles of Consolidation . The accompanying condensed consolidated financial statements include the accounts of the Company and its direct and indirect wholly-owned subsidiaries and entities the Company controls or o f which it is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation.
Real Estate Held for Sale and Discontinued Operations, Policy [Policy Text Block]	Real Estate Held for Sale and Discontinued Operations . Real estate sold during the current period is classified as “real e state held for sale” for all prior periods presented in the accompanying condensed consolidated financial statements. Mortgage notes payable related to the real estate sold during the current period is classified as “notes payable related to real estate held for sale” for all prior periods presented in the accompanying condensed consolidated financial statements. Additionally, the Company records the operating results related to real estate that has been disposed of as discontinued operations for all per iods presented if the operations have been eliminated and the Company will not have any significant continuing involvement in the operations of the property following the sale.
Use of Estimates	Use of Estimates . The preparation of financial statements in c onformity with G AAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues an d expenses during the reporting periods. Significant estimates include the allocation of purchase price paid for property acquisitions between land, building and intangible assets acquired including their useful lives; valuation of long-lived assets, and t he allowance for doubtful accounts, which is based on an evaluation of the tenants’ ability to pay. Actual results may differ from those estimates.
Reclassifications	Reclassifications. Certain reclassifications ha ve been made to the previously presented consolidated financ ial statements and condensed consolidated financial statements to conform to the current period presentation. These reclassifications had no effect on previously reported results of consolidated operations or equity.
New Accounting Pronouncements Policy [Policy Text Block]	Recently Issued Accounting Pronouncem ents. In February 2015, the Financial Accounting Standards Board or “FASB” issued an Accounting Standards Update “ASU” which modifies the guidance for consolidations. The standard is effective for the Company’s fisca l year beginning January 1, 2018 . Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not believe the adoption of this standard will have a material impact on its financial position, results of operations or relate d financial statement disclosures. In April 2015, the FASB issued an ASU which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. For public business entities, the ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Entities should apply the new guidance on a retrospective basis , wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, entities are required to comply with the applicable disclosures for a change in an acco unting principle. The adoption of this ASU is not expected to have a material impact on the Company’s financial statements. In January 2015, the FASB issued an ASU which eliminates the concept of extraordinary items. Extraordinary items are events and tran sactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from conside ration. The standard is effective for the Company’s fiscal year beginning January 1, 2016. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not believe the adoption of thi s standard will have a material impact on its financial position, results of operations or related financial statement disclosures In May 2014, the FASB issued an ASU which supersedes or replaces nearly all GAAP revenue recognition guidance. The new guidance establishes a new control-based revenue recognition model, changes the basis for deciding when revenue is recognized over time or at a point in time and will expand disclosures about revenue. This guidance was originally effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 31, 2016, which for the Company is January 1, 2017; early adoption was not permitted. In April 2015, the FASB voted to propose a deferral of the effective date of the new standard by one year, but to permit companies to adopt one year earlier if they choose. The Company is assessing the impact of this ASU and date of adoption.

Real Estate Transactions (Table

Real Estate Transactions (Tables)	6 Months Ended
	Jun. 30, 2015
Real Estate Transactions [Abstract]
Properties Acquired and Sold	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

Real Estate Assets (Tables)

Real Estate Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Real Estate Assets [Abstract]
Real Estate Properties Owned	4. REAL ESTATE ASSETS AND LEASE INTANGIBLES A summary of the properties owned by the Company as of June 30, 2015 is as follows: Real estate Date assets, net Property Name Acquired Location (in thousands) Havana/Parker Complex June 2006 Aurora, Colorado $ 2,204 Garden Gateway Plaza March 2007 Colorado Springs, Colorado 12,090 World Plaza September 2007 San Bernardino, California 6,775 Regatta Square October 2007 Denver, Colorado 1,888 Executive Office Park July 2008 Colorado Springs, Colorado 8,282 Waterman Plaza August 2008 San Bernardino, California 5,961 Pacific Oaks Plaza September 2008 Escondido, California 4,273 Morena Office Center January 2009 San Diego, California 5,414 Rangewood Medical Office Building March 2009 Colorado Springs, Colorado 2,359 Genesis Plaza August 2010 San Diego, California 8,512 Dakota Bank Buildings May 2011 Fargo, North Dakota 10,369 Yucca Valley Retail Center September 2011 Yucca Valley, California 7,846 Port of San Diego Complex December 2011 San Diego, California 13,978 Shoreline Medical Building May 2012 Half Moon Bay, California 5,959 The Presidio November 2012 Aurora, Colorado 6,636 Bismarck March 2014 Fargo, ND 4,855 Union Terrace Building August 2014 Lakewood, CO 8,815 Centennial Tech Center December 2014 Colorado Springs, Colorado 15,671 Arapahoe Service Center December 2014 Centennial, CO 11,733 Union Town Center December 2014 Colorado Springs, Colorado 11,297 NetREIT, Inc properties 154,917 Model Home properties 2009-2015 AZ, CA, NC, NJ, PA, SC, TX 16,195 Total real estate assets and lease intangibles, net $ 171,112

Lease Intangibles (Tables)

Lease Intangibles (Tables)	6 Months Ended
	Jun. 30, 2015
Lease Intangible Assets [Abstract]
Net Value of Other Intangible Assets	The following table summarizes the net value of other intangible assets and the accumulated amortization for each class of intangible asset: June 30, 2015 December 31, 2014 Lease Accumulated Lease Lease Accumulated Lease intangibles amortization Intangibles, net intangibles amortization Intangibles, net In-place leases $ 4,193,452 $ (2,184,641) $ 2,008,811 $ 4,255,565 $ (1,842,782) $ 2,412,783 Leasing costs 3,210,146 (1,445,810) 1,764,336 3,228,415 (1,214,967) 2,013,448 Above-market leases 1,977,113 (1,316,400) 660,713 1,977,113 (1,202,821) 774,292 Tenant relationships - - - 332,721 (332,721) - $ 9,380,711 $ (4,946,851) $ 4,433,860 $ 9,793,814 $ (4,593,291) $ 5,200,523 Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: $ 543,000 (2015), $853,000 (2016), $688,000 (2017), $485,000 (2018), $435,000 (2019) and $1,430,000 (thereafter). The weighted average period for the intangible assets as of June 30, 2015 was 5.7 years.

Real Estate Held For Sale and23

Real Estate Held For Sale and Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2015
Real Estate Held For Sale and Discontinued Operations [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The following summary presents the major components of real estate held for sale and liabilities related to real estate held for sale as of June 30 , 2015 a nd December 31, 2014: June 30, December 31, 2015 2014 Real estate assets $ - $ 32,637,520 Less: accumulated depreciation - (3,529,845) Real estate assets, net - 29,107,675 Other assets - 895,831 Total assets $ - $ 30,003,506 Mortgage notes payable $ - $ 16,923,524 Other liabilities - 499,955 Total liabilities $ - $ 17,423,479 The following table summarizes certain revenue and expenses related to these properties for the three and six months ended June 30 , 2015 and 2014 : Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 Rental revenues $ 150,564 $ 761,768 $ 940,048 $ 1,545,475 Fee and other income 8,725 87,323 112,218 164,203 Rental operating expenses (114,871) (387,538) (595,832) (794,295) Depreciation - (166,394) (165,646) (333,663) Interest expense (206,097) (221,151) (422,163) (442,030) Gain on sale of real estate 4,730,398 (156,651) 4,730,398 (156,651) Discontinued operations before non-controlling interests $ 4,568,719 $ (82,643) $ 4,599,023 $ (16,961)

Mortgage Notes Payable (Tables)

Mortgage Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2015
Mortgage Notes Payable [Abstract]
Mortgage Notes Payable	7. MORTGAGE NOTES PAYABLE Mortgage notes payable consisted of the following: Principal as of Loan Interest June 30, December 31, Mortgage note property Notes 2015 2014 Type Rate (1) Maturity Havana/Parker Complex $ 2,500,000 $ 2,500,000 Fixed 6.51% 7/1/16 Garden Gateway Plaza 6,882,329 6,963,381 Fixed 5.00% 4/5/20 Waterman Plaza - 3,368,146 Fixed 6.50% 9/1/15 Sparky’s Thousand Palms (2) - 4,092,100 Variable 5.50% * 3/1/34 Sparky's Hesperia East (3) - 830,883 Variable 4.75% * 12/18/22 Sparky's Rialto (4) - 2,119,037 Fixed 4.75% * 5/3/18 Genesis Plaza 4,426,071 4,491,588 Fixed 4.65% 9/1/15 Executive Office Park (5) 4,343,396 4,379,854 Fixed 5.80% 7/1/25 Dakota Bank Buildings 10,908,136 10,993,386 Fixed 4.74% 7/6/24 Yucca Valley Retail Center 6,000,000 2,982,411 Fixed 4.30% 4/11/25 Rangewood Medical Office Building 1,060,119 1,092,778 Fixed 4.95% 1/1/19 Regatta Square 1,199,085 1,214,799 Fixed 4.95% 1/1/19 Port of San Diego Complex 10,243,812 10,368,228 Fixed 4.75% 3/5/20 Morena Office Center (6) 2,320,618 2,351,805 Fixed 4.50% 1/1/21 Pacific Oaks Plaza (6) 1,577,992 1,599,204 Fixed 4.50% 6/1/21 Shoreline Medical Building (6) 3,787,093 3,846,697 Fixed 5.10% 6/1/22 Sparky's Palm, Joshua and Sunrise - 7,986,522 Fixed 4.70% * 12/6/22 The Presidio 6,000,000 6,000,000 Fixed 4.54% 12/1/24 Sparky's Lancaster - 1,903,982 Fixed 5.00% * 6/1/20 Bismarck Office Building 3,286,301 3,321,198 Fixed 4.50% 9/5/24 Union Terrace Building 6,600,000 6,600,000 Fixed 4.34% 12/5/24 Centennial Tech Center 10,250,000 10,250,000 Fixed 4.34% 1/5/25 Arapahoe Service Center 8,500,000 8,500,000 Fixed 4.28% 1/5/25 Union Town Center 8,440,000 8,440,000 Fixed 4.28% 1/5/25 Subtotal, NetREIT, Inc. properties 98,324,952 116,195,999 Model Home mortgage notes (7) 10,290,663 7,703,299 Fixed 2015-19 Mortgage Notes Payable, total $ 108,615,615 $ 123,899,298 (1) Interest rates as of June 30, 2015 (2) Interest at variable rate ranging from 5.50%-10.50%. (3) Interest at a variable rate indexed to the 5 year interest rate swap. (4) Interest subject to reset; thereafter, monthly payments of $11,982, including interest at rate indexed to 5-year Treasury Rate + 3%. (5) Interest rate is subject to reset on July 1, 2018. (6) Interest rate subject to resetting on the 6th loan anniversary. (7) Each Model Home has a standalone mortgage note at interest rates ranging from 4.9% to 5.8% (at June 30, 2015). * Mortgage notes payable, aggregating $16,932,524 were paid off in connection with the sale of the self-storage facilities on April 10, 2015. Refer to Note 6.
Scheduled Principal Payments of Mortgage Notes Payable	NetREIT, Inc. Model Homes Principal Notes Payable Notes Payable Payments Six months remaining in 2015 $ 5,003,011 $ 413,854 $ 5,416,865 Years ending December 31: 2016 7,022,347 562,848 7,585,195 2017 1,456,439 1,214,340 2,670,779 2018 5,600,548 1,807,633 7,408,181 2019 2,455,970 1,190,745 3,646,715 Thereafter 76,786,637 5,101,243 81,887,880 Total $ 98,324,952 $ 10,290,663 $ 108,615,615

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2015
Segments [Abstract]
Net Operating Income by Segment	The following tables reconcile the Company’s segment activity to its results of operations and financial position as of and for the three months ended June 30 , 2015 and 2014 . Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Office/Industrial Properties: Rental income $ 4,085,110 $ 2,639,041 $ 8,175,946 $ 5,246,281 Property and related expenses (1,564,983) (1,102,117) (3,135,551) (2,141,203) Net operating income, as defined 2,520,127 1,536,924 5,040,395 3,105,078 Residential Properties: Rental income 345,427 572,876 817,010 1,244,062 Property and related expenses (23,609) (38,108) (34,847) (44,843) Net operating income, as defined 321,818 534,768 782,163 1,199,219 Retail Properties: Rental income 955,259 630,863 1,971,136 1,271,689 Property and related expenses (322,311) (215,072) (669,696) (429,804) Net operating income, as defined 632,948 415,791 1,301,440 841,885 Self-Storage Properties (discontinued operations): Rental income 159,289 849,091 1,052,266 1,709,678 Property and related expenses (114,872) (775,083) (1,183,641) (1,569,988) Gain on sale of real estate 4,730,398 (156,651) 4,730,398 (156,651) Net operating income, as defined 4,774,815 (82,643) 4,599,023 (16,961) Reconciliation to net income (loss): Total net operating income, as defined, for reportable segments 8,249,708 2,404,840 11,723,021 5,129,221 General and administrative expenses (1,139,112) (1,563,793) (2,293,914) (2,688,649) Depreciation and amortization (1,814,786) (1,260,522) (3,676,332) (2,439,010) Interest expense (2,276,022) (1,149,972) (4,655,614) (2,199,055) Interest income 21,153 41,790 35,757 60,159 Gain on sales of real estate and partnerships, net 1,116,258 936,034 1,194,754 1,663,806 Net income (loss) $ 4,157,199 $ (591,623) $ 2,327,672 $ (473,528)
Reconciliation of Assets by Segment to Total Assets	June 30, December 31, 2015 2014 Assets by Reportable Segment: Office/Industrial Properties: Land, buildings and improvements, net (1) $ 120,020,629 $ 122,351,316 Total assets (2) $ 128,948,541 $ 130,185,089 Residential Properties: Land, buildings and improvements, net (1) $ 18,042,556 $ 13,133,827 Total assets (2) $ 15,279,341 $ 13,588,922 Retail Properties: Land, buildings and improvements, net (1) $ 33,039,886 $ 33,141,294 Total assets (2) $ 35,103,181 $ 34,712,223 Self-Storage Properties (real estate held for sale): Land, buildings and improvements, net (1) $ - $ 29,107,675 Total assets (2) $ - $ 30,003,506 Reconciliation to Total Assets: Total assets for reportable segments $ 179,331,063 $ 208,489,740 Other unallocated assets: Cash and cash equivalents 11,471,805 5,636,002 Other assets, net 14,361,859 6,499,196 Total Assets $ 205,164,727 $ 220,624,938 (1) Includes lease intangibles and the land purchase option related to property acquisitions. (2) Includes land, buildings and improvements, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis.
Reconciliation of Capital Expenditures by Segment to Total Real Estate Investments	Capital Expenditures by Reportable Segment Six Months Ended June 30, 2015 2014 Office/Industrial Properties: Acquisition of operating properties $ - $ 5,350,000 Capital expenditures and tenant improvements 1,481,102 1,387,057 Residential Properties: Acquisition of operating properties 5,720,540 1,781,300 Retail Properties: Capital expenditures and tenant improvements 41,333 378,473 Self-Storage Properties (real estate held for sale): Capital expenditures and tenant improvements 6,250 76,208 Totals: Acquisition of operating properties, net 5,720,540 7,131,300 Capital expenditures and tenant improvements 1,528,685 1,841,738 Total real estate investments $ 7,249,225 $ 8,973,038

Organization and Basis of Pre26

Organization and Basis of Presentation, Real Estate Asset Portfolio (Details) - Jun. 30, 2015	ft²Counterparty_InvestmentProperties
Real Estate Properties [Line Items]
Number of limited partnerships in which the company is sole General Partner | Counterparty_Investment	3
Number of partnerships that purchase and leaseback model homes from developers in which the company is a limited partner | Counterparty_Investment	3
Key Provisions of Operating or Partnership Agreement, Description	The following partnership activity occurred during the periods covered by these consolidated financial statements: The Company is the sole General Partner in three limited partnerships (NetREIT Palm Self-Storage LP, NetREIT Casa Grande LP and NetREIT Garden Gateway LP), all with ownership in real estate income producing properties. The Company refers to these entities collectively, as the “NetREIT Partnerships”. The Company is a limited partner in three partnerships that purchase and leaseback Model Homes from developers (“Dubose Model Home Investors #201, LP”, “Dubose Model Homes Investors #202, LP”, and “NetREIT Dubose Model Home REIT, LP”). The Company refers to these entities collectively, as the “Model Home Partnerships”. The Company had previously been a limited partner in a number of Model Home partnerships, the last of which (Dubose Acquisition Partners II, Dubose Model Home Income Fund #3, LTD., Dubose Model Home Income Fund #4, LTD., and Dubose Model Home Investors Fund #113, LP) sold all of their Model Home assets and were dissolved before the end of 2014. These entities were referred to as the “Income Funds”. The Company has determined that the entities described above, where it owns less than 100%, should be included in the Company’s consolidated financial statements as the Company directs their activities and believes that it controls these limited partnerships through NetREIT, the Parent Company.
Office Properties [Member]
Real Estate Properties [Line Items]
Number of properties	15
Area of Real Estate Property | ft²	1,152,000
Retail Properties [Member]
Real Estate Properties [Line Items]
Number of properties	5
Area of Real Estate Property | ft²	230,000
Self Storage Properties [Member]
Real Estate Properties [Line Items]
Area of Real Estate Property | ft²	652,000
Number Of Real Estate Properties Sold	7
Real Estate Properties Sale date	Apr. 10, 2015
Residential Properties [Member]
Real Estate Properties [Line Items]
Number of properties	63
Number of limited partnerships in which the company is sole General Partner | Counterparty_Investment	3
Model Home [Member]
Real Estate Properties [Line Items]
Number of properties	4

Real Estate Transactions (Acqui

Real Estate Transactions (Acquisitions of Properties) (Details)		6 Months Ended
		Jun. 30, 2015USD ($)Properties	Dec. 31, 2014USD ($)
Real Estate Properties [Line Items]
Promissory note issued for property acquired	[1]	$ 108,615,615	$ 106,966,774
Residential Properties [Member]
Real Estate Properties [Line Items]
Number of properties | Properties		63
Residential Properties [Member] | Seventeen Dubos Model Homes [Member]
Real Estate Properties [Line Items]
Number of properties | Properties		17
Purchase price of property acquired		$ 5,700,000
Cash payment for the properties acquired		2,300,000
Promissory note issued for property acquired		3,400,000
Allocated Purchase Price of Properties Acquired [Abstract]
Land		797,000
Buildings and other		4,923,000
Total purchase price		$ 5,720,000
[1]	Each Model Home has a standalone mortgage note at interest rates ranging from 4.9% to 5.8% (at June 30, 2015).

Real Estate Transactions (Dispo

Real Estate Transactions (Disposals of Properties) (Details)	3 Months Ended	4 Months Ended	6 Months Ended
	Apr. 10, 2015USD ($)	Apr. 24, 2015USD ($)	Jun. 30, 2015USD ($)Properties
Sparkys Self-Storage Portfolio, Disposal Group [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property	$ 34,000,000
Mortgage notes payable retired	16,900,000
Gain (loss) on sale of property	$ 4,700,000
Yucca Valley Retail Center [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property		$ 1,500,000
Gain (loss) on sale of property		$ 1,000,000
Residential Properties [Member]
Real Estate Properties [Line Items]
Number of properties | Properties			63
Residential Properties [Member] | Four Dubos Model Homes [Member]
Real Estate Properties [Line Items]
Number of properties | Properties			4
Proceeds from sale of property			$ 1,400,000
Mortgage notes payable retired			514,000
Gain (loss) on sale of property			$ 126,000

Real Estate Assets (Summary of

Real Estate Assets (Summary of Properties Owned) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Apr. 10, 2015	Dec. 31, 2014
Real Estate And Accumulated Depreciation [Line Items]
Real estate assets, net	$ 171,112		$ 169,090,028
Real Estate Held-for-sale	$ 0	$ 28,929,279	$ 29,107,675
Havana Parker [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jun. 1, 2006
Location	Aurora, Colorado
Real estate assets, net	$ 2,204,000
Garden Gateway Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Mar. 1, 2007
Location	Colorado Springs, Colorado
Real estate assets, net	$ 12,090,000
World Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Sep. 1, 2007
Location	San Bernardino, California
Real estate assets, net	$ 6,775,000
Regatta Square [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Oct. 1, 2007
Location	Denver, Colorado
Real estate assets, net	$ 1,888,000
Executive Office Park [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jul. 1, 2008
Location	Colorado Springs, Colorado
Real estate assets, net	$ 8,282,000
Waterman Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2008
Location	San Bernardino, California
Real estate assets, net	$ 5,961,000
Pacific Oaks Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Sep. 1, 2008
Location	Escondido, California
Real estate assets, net	$ 4,273,000
Morena Office Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jan. 1, 2009
Location	San Diego, California
Real estate assets, net	$ 5,414,000
Rangewood Medical Office Building [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Mar. 1, 2009
Location	Colorado Springs, Colorado
Real estate assets, net	$ 2,359,000
Genesis Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2010
Location	San Diego, California
Real estate assets, net	$ 8,512,000
Dakota Bank Buildings [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	May 1, 2011
Location	Fargo, North Dakota
Real estate assets, net	$ 10,369,000
Yucca Valley Retail Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Sep. 1, 2011
Location	Yucca Valley, California
Real estate assets, net	$ 7,846,000
Port of San Diego Complex [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Dec. 1, 2011
Location	San Diego, California
Real estate assets, net	$ 13,978,000
Shoreline Medical Building [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	May 1, 2012
Location	Half Moon Bay, California
Real estate assets, net	$ 5,959,000
The Presidio [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Nov. 1, 2012
Location	Aurora, Colorado
Real estate assets, net	$ 6,636,000
Bismarck Office [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Mar. 1, 2014
Location	Fargo, ND
Real estate assets, net	$ 4,855,000
Union Terrace [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2014
Location	Lakewood, CO
Real estate assets, net	$ 8,815,000
Centennial Tech Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Dec. 1, 2014
Location	Colorado Springs, Colorado
Real estate assets, net	$ 15,671,000
Arapahoe Service Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Dec. 1, 2014
Location	Centennial, CO
Real estate assets, net	$ 11,733,000
Union Town Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Dec. 1, 2014
Location	Colorado Springs, Colorado
Real estate assets, net	$ 11,297,000
NetREIT, Inc. Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real estate assets, net	154,917,000
Model Home Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real estate assets, net	$ 16,195,000
Model Home Properties [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jan. 1, 2009
Model Home Properties [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jan. 1, 2015

Lease Intangibles (Net Value of

Lease Intangibles (Net Value of Other Intangible Assets and Amortization by Class) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Lease intangibles	$ 9,380,711	$ 9,793,814
Accumulated amortization	(4,946,851)	(4,593,291)
Lease intangibles, net	4,433,860	5,200,523
FiniteLivedIntangibleAssetsNetAmortizationExpenseRollingMaturityAbstract
2,015	543,000
2,016	853,000
2,017	688,000
2,018	485,000
2,019	435,000
Thereafter	$ 1,430,000
Weighted average [Member]
FiniteLivedIntangibleAssetsNetAmortizationExpenseRollingMaturityAbstract
Finite-Lived Intangible Assets, Remaining Amortization Period	5 years 8 months 12 days
Leases, Acquired-in-Place [Member]
Finite-Lived Intangible Assets [Line Items]
Lease intangibles	$ 4,193,452	4,255,565
Accumulated amortization	(2,184,641)	(1,842,782)
Lease intangibles, net	2,008,811	2,412,783
Leasing Cost [Member]
Finite-Lived Intangible Assets [Line Items]
Lease intangibles	3,210,146	3,228,415
Accumulated amortization	(1,445,810)	(1,214,967)
Lease intangibles, net	1,764,336	2,013,448
Above Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Lease intangibles	1,977,113	1,977,113
Accumulated amortization	(1,316,400)	(1,202,821)
Lease intangibles, net	660,713	774,292
Tenant Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Lease intangibles	0	332,721
Accumulated amortization	0	(332,721)
Lease intangibles, net	$ 0	$ 0

Real Estate Held For Sale and31

Real Estate Held For Sale and Discontinued Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Liabilities, Total	$ 0		$ 0		$ 16,932,524
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Gain (Loss) on the sale of real estate	4,730,398	$ (156,651)	4,730,398	$ (156,651)
Income (loss) from discontinued operations	4,568,719	(82,643)	4,599,023	(16,961)
Sparkys Self-Storage Portfolio, Disposal Group [Member]
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Real Estate Assets, Gross	0		0		32,637,520
Disposal Group, Including Discontinued Operation, Real Estate Assets, Accumulated Depreciation	0		0		(3,529,845)
Disposal Group, Including Discontinued Operation, Real Estate Assets, Net	0		0		29,107,675
Disposal Group, Including Discontinued Operation, Other Assets	0		0		895,831
Disposal Group, Including Discontinued Operation, Assets, Total	0		0		30,003,506
Disposal Group, Including Discontinued Operation, Mortgage Notes Payable	0		0		16,923,524
Disposal Group, Including Discontinued Operation, Other Liabilities	0		0		499,955
Disposal Group, Including Discontinued Operation, Liabilities, Total	0		0		$ 17,423,479
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Rental Income	150,564	761,768	940,048	1,545,475
Disposal Group, Including Discontinued Operation, Other Income	8,725	87,323	112,218	164,203
Disposal Group, Including Discontinued Operation, Operating Expense	(114,871)	(387,538)	(595,832)	(794,295)
Disposal Group, Including Discontinued Operation, Depreciation	0	(166,394)	(165,646)	(333,663)
Disposal Group, Including Discontinued Operation, Interest Expense	(206,097)	(221,151)	(422,163)	(442,030)
Gain (Loss) on the sale of real estate	4,730,398	(156,651)	4,730,398	(156,651)
Income (loss) from discontinued operations	$ 4,568,719	$ (82,643)	$ 4,599,023	$ (16,961)

Mortgage Notes Payable (Details

Mortgage Notes Payable (Details) - Debt Instrument Name [Domain] - USD ($)		3 Months Ended	6 Months Ended	12 Months Ended
		Apr. 10, 2015	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Mortgage notes payable	[1]		$ 108,615,615	$ 106,966,774
Mortgage notes payable and mortgages held for sale			108,615,615	123,899,298
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[1]		108,615,615	106,966,774
Sparkys Self-Storage Portfolio, Disposal Group [Member]
Debt Instrument [Line Items]
Extinguishment of Debt, Amount		$ 16,932,524
Havana/Parker Complex [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 2,500,000	2,500,000
Maturity date			Jul. 1, 2016
Fixed interest rate on mortgage (in hundredths)	[2]		6.51%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 2,500,000	2,500,000
Debt Instrument, Maturity Date			Jul. 1, 2016
Garden Gateway Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 6,882,329	6,963,381
Maturity date			Apr. 5, 2020
Fixed interest rate on mortgage (in hundredths)	[2]		5.00%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 6,882,329	6,963,381
Debt Instrument, Maturity Date			Apr. 5, 2020
Waterman Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 0	3,368,146
Maturity date			Sep. 1, 2015
Fixed interest rate on mortgage (in hundredths)	[2]		6.50%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 0	3,368,146
Debt Instrument, Maturity Date			Sep. 1, 2015
Sparky's Thousand Palms Self-Storage [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[3]		$ 0	4,092,100
Maturity date	[3]		Mar. 1, 1934
Interest rate, Current	[2]		5.50%
Interest rate, minimum (in hundredths)	[3]		5.50%
Interest rate, maximum (in hundredths)	[3]		10.50%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[3]		$ 0	4,092,100
Debt Instrument, Maturity Date	[3]		Mar. 1, 1934
Sparky's Hesperia East Self-Storage [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[4]		$ 0	830,883
Maturity date	[4]		Dec. 18, 2022
Interest rate, Current	[2],[4]		4.75%
Debt Instrument, Interest Rate Terms			Interest at a variable rate indexed to the 5 year interest rate swap.
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[4]		$ 0	830,883
Debt Instrument, Maturity Date	[4]		Dec. 18, 2022
Sparky's Rialto Self-Storage [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[5]		$ 0	2,119,037
Periodic payment			$ 11,982
Maturity date	[5]		May 3, 2018
Fixed interest rate on mortgage (in hundredths)	[5]		4.75%
Interest rate, Current	[2]		4.75%
Debt Instrument, Interest Rate Terms			interest at rate indexed to 5-year Treasury Rate + 3%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[5]		$ 0	2,119,037
Debt Instrument, Maturity Date	[5]		May 3, 2018
Genesis Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 4,426,071	4,491,588
Maturity date			Sep. 1, 2015
Fixed interest rate on mortgage (in hundredths)	[2]		4.65%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 4,426,071	4,491,588
Debt Instrument, Maturity Date			Sep. 1, 2015
Executive Office Park [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[6]		$ 4,343,396	4,379,854
Maturity date	[6]		Jul. 1, 2025
Fixed interest rate on mortgage (in hundredths)	[2],[6]		5.80%
Debt Instrument, Interest Rate Terms			Interest rate is subject to reset on July 1, 2018.
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[6]		$ 4,343,396	4,379,854
Debt Instrument, Maturity Date	[6]		Jul. 1, 2025
Dakota Bank Buildings [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 10,908,136	10,993,386
Maturity date			Jul. 6, 2024
Fixed interest rate on mortgage (in hundredths)	[2]		4.74%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 10,908,136	10,993,386
Debt Instrument, Maturity Date			Jul. 6, 2024
Yucca Valley Retail Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 6,000,000	2,982,411
Maturity date			Apr. 11, 2025
Fixed interest rate on mortgage (in hundredths)	[2]		4.30%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 6,000,000	2,982,411
Debt Instrument, Maturity Date			Apr. 11, 2025
Rangewood Medical Office Building [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 1,060,119	1,092,778
Maturity date			Jan. 1, 2019
Fixed interest rate on mortgage (in hundredths)	[2]		4.95%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 1,060,119	1,092,778
Debt Instrument, Maturity Date			Jan. 1, 2019
Regatta Square [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 1,199,085	1,214,799
Maturity date			Jan. 1, 2019
Fixed interest rate on mortgage (in hundredths)	[2]		4.95%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 1,199,085	1,214,799
Debt Instrument, Maturity Date			Jan. 1, 2019
Port of San Diego Complex [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 10,243,812	10,368,228
Maturity date			Mar. 5, 2020
Fixed interest rate on mortgage (in hundredths)	[2]		4.75%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 10,243,812	10,368,228
Debt Instrument, Maturity Date			Mar. 5, 2020
Morena Office Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[7]		$ 2,320,618	2,351,805
Maturity date	[7]		Jan. 1, 2021
Fixed interest rate on mortgage (in hundredths)	[2],[7]		4.50%
Debt Instrument, Interest Rate Terms			Interest rate subject to resetting on the 3rd and 6th loan anniversary.
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[7]		$ 2,320,618	2,351,805
Debt Instrument, Maturity Date	[7]		Jan. 1, 2021
Pacific Oaks Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[7]		$ 1,577,992	1,599,204
Maturity date	[7]		Jun. 1, 2021
Fixed interest rate on mortgage (in hundredths)	[2],[7]		4.50%
Debt Instrument, Interest Rate Terms			Interest rate subject to resetting on the 3rd and 6th loan anniversary.
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[7]		$ 1,577,992	1,599,204
Debt Instrument, Maturity Date	[7]		Jun. 1, 2021
Shoreline Medical Building [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[7]		$ 3,787,093	3,846,697
Maturity date	[7]		Jun. 1, 2022
Fixed interest rate on mortgage (in hundredths)	[2],[7]		5.10%
Debt Instrument, Interest Rate Terms			Interest rate subject to resetting on the 3rd and 6th loan anniversary.
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[7]		$ 3,787,093	3,846,697
Debt Instrument, Maturity Date	[7]		Jun. 1, 2022
Sparky's Three Properties [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 0	7,986,522
Maturity date			Dec. 6, 2022
Fixed interest rate on mortgage (in hundredths)	[2]		4.70%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 0	7,986,522
Debt Instrument, Maturity Date			Dec. 6, 2022
The Presidio [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 6,000,000	6,000,000
Maturity date			Dec. 1, 2024
Fixed interest rate on mortgage (in hundredths)	[2]		4.54%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 6,000,000	6,000,000
Debt Instrument, Maturity Date			Dec. 1, 2024
Sparkys Lancaster Self Storage [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 0	1,903,982
Maturity date			Jun. 1, 2020
Fixed interest rate on mortgage (in hundredths)	[2]		5.00%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 0	1,903,982
Debt Instrument, Maturity Date			Jun. 1, 2020
Bismarck Office [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 3,286,301	3,321,198
Maturity date			Sep. 5, 2024
Fixed interest rate on mortgage (in hundredths)	[2]		4.50%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 3,286,301	3,321,198
Debt Instrument, Maturity Date			Sep. 5, 2024
Union Terrace [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 6,600,000	6,600,000
Maturity date			Dec. 5, 2024
Fixed interest rate on mortgage (in hundredths)	[2]		4.34%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 6,600,000	6,600,000
Debt Instrument, Maturity Date			Dec. 5, 2024
Centennial Tech Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 10,250,000	10,250,000
Maturity date			Jan. 5, 2025
Fixed interest rate on mortgage (in hundredths)	[2]		4.34%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 10,250,000	10,250,000
Debt Instrument, Maturity Date			Jan. 5, 2025
Arapahoe Service Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 8,500,000	8,500,000
Maturity date			Jan. 5, 2025
Fixed interest rate on mortgage (in hundredths)	[2]		4.28%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 8,500,000	8,500,000
Debt Instrument, Maturity Date			Jan. 5, 2025
Union Town Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 8,440,000	8,440,000
Maturity date			Jan. 5, 2025
Fixed interest rate on mortgage (in hundredths)	[2]		4.28%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			$ 8,440,000	8,440,000
Debt Instrument, Maturity Date			Jan. 5, 2025
NetREIT Inc Properties [Member]
Debt Instrument [Line Items]
Mortgage notes payable			$ 98,324,952	116,195,999
Mortgage Notes Narrative [Abstract]
Mortgage notes payable			98,324,952	116,195,999
Model Home Properties [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[1]		10,290,663	$ 7,703,299
Fixed interest rate on mortgage range, minimum (in hundredths)				4.90%
Fixed interest rate on mortgage range, maximum (in hundredths)				5.80%
Mortgage Notes Narrative [Abstract]
Mortgage notes payable	[1]		$ 10,290,663	$ 7,703,299
Model Home Properties [Member] | Minimum [Member]
Debt Instrument [Line Items]
Maturity date	[1]			Jan. 1, 2015
Mortgage Notes Narrative [Abstract]
Debt Instrument, Maturity Date	[1]			Jan. 1, 2015
Model Home Properties [Member] | Maximum [Member]
Debt Instrument [Line Items]
Maturity date	[1]			Jan. 1, 2019
Mortgage Notes Narrative [Abstract]
Debt Instrument, Maturity Date	[1]			Jan. 1, 2019
[1]	Each Model Home has a standalone mortgage note at interest rates ranging from 4.9% to 5.8% (at June 30, 2015).
[2]	Interest rates as of June 30, 2015
[3]	Interest at variable rate ranging from 5.50%-10.50%.
[4]	Interest at a variable rate indexed to the 5 year interest rate swap.
[5]	Interest subject to reset; thereafter, monthly payments of $11,982, including interest at rate indexed to 5-year Treasury Rate + 3%.
[6]	Interest rate is subject to reset on July 1, 2018.
[7]	Interest rate subject to resetting on the 6th loan anniversary.

Mortgage Notes Payable (Schedul

Mortgage Notes Payable (Scheduled Principal Payments of Mortgage Notes Payable) (Details)	Jun. 30, 2015USD ($)
Debt Instrument [Line Items]
2,015	$ 5,416,865
2,016	7,585,195
2,017	2,670,779
2,018	7,408,181
2,019	3,646,715
Thereafter	81,887,880
Total	108,615,615
NetREIT Inc [Member]
Debt Instrument [Line Items]
2,015	5,003,011
2,016	7,022,347
2,017	1,456,439
2,018	5,600,548
2,019	2,455,970
Thereafter	76,786,637
Total	98,324,952
Model Home [Member]
Debt Instrument [Line Items]
2,015	413,854
2,016	562,848
2,017	1,214,340
2,018	1,807,633
2,019	1,190,745
Thereafter	5,101,243
Total	$ 10,290,663

Series B Mandatorily Redeemab34

Series B Mandatorily Redeemable Preferred Stock (Details) - Mandatorily Redeemable Preferred Stock [Member] - Series B Preferred Stock [Member] - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Aug. 31, 2014
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Financial Instruments Subject to Mandatory Redemption, Capital Contributions			$ 40,000,000
Preferred stock shares issued (in shares)	16,600	16,600
Preferred shares issued (value)	$ 16,600,000	$ 16,600,000
Preferred stock, par or stated value (in dollars per share)	$ 0.01	$ 0.01
Liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Financial Instruments Subject to Mandatory Redemption, Return On Funds Invested	14.00%	14.00%
Financial Instruments Subject to Mandatory Redemption, Monthly Payout, Percent		10.00%
Financial Instruments Subject to Mandatory Redemption, Monthly Percent Accrued	4.00%	4.00%
Deferred financing costs	$ 2,700,000	$ 2,700,000
Interest expense	$ 230,000	$ 460,000
Preferred Stock, Redemption Date		Nov. 1, 2015

Stockholders' Equity (Common an

Stockholders' Equity (Common and Preferred Stock) (Details) - $ / shares	1 Months Ended	6 Months Ended
	Oct. 31, 2006	Jun. 30, 2015	Dec. 31, 2014
Private Placement [Member]
Common Stock [Abstract]
Sale of Stock, Number of Shares Issued in Transaction	20,000,000
Sale of Stock, Price Per Share	$ 10
Preferred Stock [Member]
Preferred Stock [Abstract]
Preferred shares authorized (in shares)		8,900,000
Common Class A [Member]
Common Stock [Abstract]
Common stock, shares authorized (in shares)		100,000,000	100,000,000
Par value (in dollars per share)		$ 0.01	$ 0.01
Maximum individual common stock ownership (in hundredths)		9.80%
Shares outstanding (in shares)		17,011,108	16,887,377
Common stock shares issued (in shares)		17,011,108	16,887,377
Common Class B [Member]
Common Stock [Abstract]
Common stock, shares authorized (in shares)		1,000
Par value (in dollars per share)		$ 0.01
Maximum individual common stock ownership (in hundredths)		9.80%

Stockholders' Equity (Dividends

Stockholders' Equity (Dividends) (Details) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 23, 2012	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Cash Dividends [Abstract]
Cash dividends paid, net of reinvested stock dividends			$ 2,011,000	$ 2,525,000
Annualized dividend rate (in dollars per share)			$ 0.471	$ 0.543
Dividend Reinvestment Plan [Abstract]
Registered shares of common stock pursuant to dividend reinvestment plan (in shares)	1,500,000
Percentage of purchase price per share (in hundredths)	95.00%
Former sales price per share (in dollars per share)	$ 9.5
Notice period for amendments to Dividend Reinvesment Plan			30 days
Common stock issued under dividend reinvestment plan			$ 12,600,000
Common stock issued under dividend reinvestment plan (in shares)			1,329,000
Redeemable Convertible Series 6.3% Preferred Stock [Member]
Cash Dividends [Abstract]
Cash dividends paid		$ 26,000	$ 52,000

Related Party Transaction (Narr

Related Party Transaction (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Related Party Transaction [Line Items]
Rental income	$ 5,396,700	$ 3,794,652	$ 10,740,383	$ 7,703,609
Pacific Oaks Plaza [Member]
Related Party Transaction [Line Items]
Related Party Transaction Description Of Transaction			The Company leases a portion of its corporate headquarters at Pacific Oaks Plaza in Escondido, California to an entity 100% owned by the Company’s Chairman and Chief Executive Officer and another related party.
Equity Method Investment Ownership Percentage	100.00%		100.00%
Rental income	$ 7,000	$ 7,000	$ 14,000	$ 14,000

Related Party Transaction (Limi

Related Party Transaction (Limited Partner) (Details) - NetREIT 01, LP [Member] - USD ($)	1 Months Ended
	Jan. 31, 2015	Apr. 30, 2014	Jan. 31, 2014
Limited Partners' Capital Account [Line Items]
Limited Partner Interest Converted			52.80%
Limited Partners Capital Account Units Converted		18,807	21,000
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest			89.00%
Partners' Capital Account, Units Purchased, Per Share			$ 7.858
Partners Capital Account Units Treasury	18,807		21,000
Equity Method Investment Ownership Percentage	100.00%
Partners' Capital Account, Treasury Units, Purchased	$ 148,000

Segments (Net Operating Income

Segments (Net Operating Income by Segment) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net Operating Income [Abstract]
Rental income	$ 5,591,892	$ 3,842,780	$ 10,964,092	$ 7,762,031
Property and related expenses	(1,910,903)	(1,355,292)	(3,840,094)	(2,615,850)
Gain (Loss) on the sale of real estate	4,730,398	(156,651)	4,730,398	(156,651)
General and administrative expenses	(1,139,112)	(1,563,793)	(2,293,914)	(2,688,649)
Depreciation and amortization	(1,814,786)	(1,260,522)	(3,676,332)	(2,439,010)
Interest expense - mortgage notes	(1,458,860)	(1,149,972)	(2,891,023)	(2,199,055)
Interest and other income	21,153	41,790	35,757	60,159
Gain on sales of real estate and partnerships, net	1,116,258	936,030	1,194,754	1,663,807
Net income (loss)	4,157,199	(591,622)	2,327,672	(473,528)
Significant Reconciling Items [Member]
Net Operating Income [Abstract]
Net operating income, as defined	8,249,708	2,404,840	11,723,021	5,129,221
General and administrative expenses	(1,139,112)	(1,563,793)	(2,293,914)	(2,688,649)
Depreciation and amortization	(1,814,786)	(1,260,522)	(3,676,332)	(2,439,010)
Interest expense - mortgage notes	(2,276,022)	(1,149,972)	(4,655,614)	(2,199,055)
Interest and other income	21,153	41,790	35,757	60,159
Gain on sales of real estate and partnerships, net	1,116,258	936,034	1,194,754	1,663,806
Net income (loss)	4,157,199	(591,623)	2,327,672	(473,528)
Industrial Office Properties [Member] | Significant Reconciling Items [Member]
Net Operating Income [Abstract]
Rental income	4,085,110	2,639,041	8,175,946	5,246,281
Property and related expenses	(1,564,983)	(1,102,117)	(3,135,551)	(2,141,203)
Net operating income, as defined	2,520,127	1,536,924	5,040,395	3,105,078
Residential Properties [Member] | Significant Reconciling Items [Member]
Net Operating Income [Abstract]
Rental income	345,427	572,876	817,010	1,244,062
Property and related expenses	(23,609)	(38,108)	(34,847)	(44,843)
Net operating income, as defined	321,818	534,768	782,163	1,199,219
Retail Properties [Member] | Significant Reconciling Items [Member]
Net Operating Income [Abstract]
Rental income	955,259	630,863	1,971,136	1,271,689
Property and related expenses	(322,311)	(215,072)	(669,696)	(429,804)
Net operating income, as defined	632,948	415,791	1,301,440	841,885
Self Storage Properties [Member] | Significant Reconciling Items [Member]
Net Operating Income [Abstract]
Rental income	159,289	849,091	1,052,266	1,709,678
Property and related expenses	(114,872)	(775,083)	(1,183,641)	(1,569,988)
Gain (Loss) on the sale of real estate	4,730,398	(156,651)	4,730,398	(156,651)
Net operating income, as defined	$ 4,774,815	$ (82,643)	$ 4,599,023	$ (16,961)

Segments (Assets) (Details)

Segments (Assets) (Details) - USD ($)		Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Segment Reporting, Asset Reconciling Item [Line Items]
Land, buildings and improvements, net		$ 171,111,568	$ 169,090,028
Cash and cash equivalents		11,471,805	5,636,002	$ 9,981,937	$ 10,207,001
Other assets, net		6,370,127	4,842,878
TOTAL ASSETS		205,164,727	220,624,938
Significant Reconciling Items [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Land, buildings and improvements, net		179,331,063	208,489,740
Cash and cash equivalents		11,471,805	5,636,002
Other assets, net		14,361,859	6,499,196
TOTAL ASSETS		205,164,727	220,624,938
Industrial Office Properties [Member] | Significant Reconciling Items [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	120,020,629	122,351,316
TOTAL ASSETS	[2]	128,948,541	130,185,089
Residential Properties [Member] | Significant Reconciling Items [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	18,042,556	13,133,827
TOTAL ASSETS	[2]	15,279,341	13,588,922
Retail Properties [Member] | Significant Reconciling Items [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	33,039,886	33,141,294
TOTAL ASSETS	[2]	35,103,181	34,712,223
Self Storage Properties [Member] | Significant Reconciling Items [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	0	29,107,675
TOTAL ASSETS	[2]	$ 0	$ 30,003,506
[1]	Includes lease intangibles and the land purchase option related to property acquisitions.
[2]	Includes land, buildings and improvements, current receivables, deferred rent receivables and deferred leasing costs

Segments (Capital Expenditures)

Segments (Capital Expenditures) (Details) - USD ($)		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Acquisition of operating properties	[1]	$ 5,720,540	$ 7,131,300
Capital expenditures and tenant improvements	[1]	1,528,685	1,841,738
Total real estate investments	[1]	7,249,225	8,973,038
Industrial Office Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Acquisition of operating properties		0	5,350,000
Capital expenditures and tenant improvements	[1]	1,481,102	1,387,057
Residential Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Acquisition of operating properties	[1]	5,720,540	1,781,300
Retail Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Capital expenditures and tenant improvements	[1]	41,333	378,473
Self Storage Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Capital expenditures and tenant improvements	[1]	$ 6,250	$ 76,208
[1]	Total consolidated capital expenditures are equal to the same amounts disclosed for total reportable segments.

Subsequent Events (Details)

Subsequent Events (Details)		1 Months Ended	6 Months Ended
		Aug. 31, 2015USD ($)ft²Propertiesshares	Jun. 30, 2015USD ($)shares	Dec. 31, 2014USD ($)
Subsequent Event [Line Items]
Promissory note issued for property acquired	[1]		$ 108,615,615	$ 106,966,774
Mandatorily Redeemable Preferred Stock [Member] | Series B Preferred Stock [Member]
Subsequent Event [Line Items]
Preferred stock shares issued (in shares) | shares			16,600
Preferred shares issued (value)			$ 16,600,000
Preferred Stock, Redemption Date			Nov. 1, 2015
Subsequent Event [Member] | Mandatorily Redeemable Preferred Stock [Member] | Series B Preferred Stock [Member]
Subsequent Event [Line Items]
Preferred stock shares issued (in shares) | shares		13,400
Preferred shares issued (value)		$ 13,266,000
Payments Of Stock Issuance Costs		$ 134,000
Preferred stock shares outstanding (in shares) | shares		10,000
Preferred Stock, Redemption Date		Nov. 1, 2015
Subsequent Event [Member] | West Fargo Industrial Office Buildings [Member]
Subsequent Event [Line Items]
Business Acquisition Effective Date Of Acquisition		Aug. 1, 2015
Business Combination, Purchase Price		$ 7,900,000
Number of properties | Properties		1
Number Of Units In Real Estate Property | Properties		7
Rentable Area | ft²		152,154
Geographic Location Of Property		Fargo, North Dakota
Cash paid to acquire entity		$ 3,400,000
Subsequent Event [Member] | West Fargo Industrial Office Buildings [Member] | West Fargo Industrial Building Mortgage Note Due August 2020 [Member]
Subsequent Event [Line Items]
Promissory note issued for property acquired		$ 4,500,000
Subsequent Event [Member] | 300 NP Office Building [Member]
Subsequent Event [Line Items]
Business Acquisition Effective Date Of Acquisition		Aug. 1, 2015
Business Combination, Purchase Price		$ 3,900,000
Number of properties | Properties		1
Number Of Units In Real Estate Property | Properties		1
Rentable Area | ft²		34,056
Geographic Location Of Property		Fargo, North Dakota
Cash paid to acquire entity		$ 3,900,000
Subsequent Event [Member] | Three Properties in Colorado [Member]
Subsequent Event [Line Items]
Business Combination, Purchase Price		$ 22,000,000
Geographic Location Of Property		Colorado
Expected Closing Date of Acquisition		From July 1, 2015 to September 31, 2015
[1]	Each Model Home has a standalone mortgage note at interest rates ranging from 4.9% to 5.8% (at June 30, 2015).