Presidio Property Trust (SQFT) 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 11, 2017
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 Filer Category	Smaller Reporting Company
Entity Common Stock Shares Outstanding		17,560,083
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Real estate assets and lease intangibles:
Land	$ 49,767,558	$ 51,274,462
Buildings and improvements	187,302,412	190,274,191
Tenant improvements	21,251,289	21,473,750
Lease intangibles	13,602,080	13,811,291
Real estate assets and lease intangibles, cost	271,923,339	276,833,694
Accumulated depreciation and amortization	(37,499,165)	(36,311,485)
Real estate assets and lease intangibles, net	234,424,174	240,522,209
Cash and cash equivalents	4,534,501	3,116,147
Restricted cash	3,488,094	4,271,648
Deferred leasing costs, net	1,808,790	1,920,091
Goodwill	2,423,000	2,423,000
Other assets, net	5,301,862	5,745,982
TOTAL ASSETS	251,980,421	257,999,077
Liabilities:
Mortgage notes payable, net	155,737,232	158,886,111
Accounts payable and accrued liabilities	6,170,649	6,066,068
Accrued real estate taxes	1,700,105	2,318,990
Dividends payable	1,198,631	1,171,924
Below-market leases, net	1,612,631	1,698,086
Total liabilities	197,781,116	202,249,447
Commitments and contingencies
Equity:
Additional paid-in capital	150,096,133	149,539,782
Dividends in excess of accumulated losses	(109,407,025)	(106,623,957)
Total stockholders' equity before noncontrolling interest	40,864,710	43,090,853
Noncontrolling interest	13,334,595	12,658,777
Total equity	54,199,305	55,749,630
TOTAL LIABILITIES AND EQUITY	251,980,421	257,999,077
Redeemable Convertible Preferred Stock Series B [Member]
Liabilities:
Mandatorily redeemable Series B Preferred Stock, net, $0.01 par value, $1,000 liquidating preference; shares authorized: 35,000; 31,700 and 32,700 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively, net	31,361,868	32,108,268
Common Class A [Member]
Equity:
Common stock series A, $0.01 par value, shares authorized: 100,000,000; 17,560,083 and 17,202,228 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	$ 175,602	$ 175,028

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
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)	35,000	35,000
Preferred stock shares issued (in shares)	31,700	32,700	35,000
Preferred stock shares outstanding (in shares)	31,700	32,700
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)	17,560,083	17,202,228
Common stock shares outstanding (in shares)	17,560,083	17,202,228

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues:
Rental income	$ 8,014,633	$ 8,251,068
Fee and other income	231,894	206,506
Total revenues	8,246,527	8,457,574
Costs and expenses:
Rental operating costs	2,637,103	2,473,351
General and administrative	1,257,211	1,230,411
Depreciation and amortization	2,503,516	2,659,531
Total costs and expenses	6,397,830	6,363,293
Other income (expense):
Interest expense-Series B preferred stock	(1,405,600)	(1,492,211)
Interest expense-mortgage notes	(1,910,596)	(1,896,391)
Interest and other income	9,268	21,739
Gain on sales of real estate	541,462	175,486
Income tax expense	(27,416)	(68,548)
Total other expense, net	(2,792,882)	(3,259,925)
Net Loss	(944,185)	(1,165,644)
Less: (Loss) income attributable to noncontrolling interests	(69,515)	61,683
Net loss attributable to NetREIT, Inc. common stockholders	$ (1,013,700)	$ (1,103,961)
Basic and diluted loss per common share
Loss per common share	$ (0.06)	$ (0.06)
Weighted average number of common shares outstanding - basic and diluted	17,353,033	17,236,961

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Changes in Equity (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($)	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Dividends In Excess of Accumulated Losses [Member]	Parent [Member]	Noncontrolling Interests [Member]
Beginning balance (in shares) at Dec. 31, 2016		17,502,673
Beginning balance at Dec. 31, 2016	$ 55,749,630	$ 175,028	$ 149,539,782	$ (106,623,957)	$ 43,090,853	$ 12,658,777
Net (loss) income	(944,185)			(1,013,700)	(1,013,700)	69,515
Dividends declared/reinvested (in shares)		60,072
Dividends declared/reinvested, value	(1,198,688)	$ 601	570,079	(1,769,368)	(1,198,688)
Common stock repurchased (in shares)		(2,662)
Common stock repurchased, value	(13,755)	$ (27)	(13,728)		(13,755)
Contributions from noncontrolling interests, net of distributions paid	606,303					606,303
Ending balance (in shares) at Mar. 31, 2017		17,560,083
Ending balance at Mar. 31, 2017	$ 54,199,305	$ 175,602	$ 150,096,133	$ (109,407,025)	$ 40,864,710	$ 13,334,595

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net loss	$ (944,185)	$ (1,165,644)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	2,503,516	2,659,531
Stock compensation	136,920	129,534
Bad debt expense	49,388	(68,613)
Gain on sale of real estate assets, net	(541,462)	(175,486)
Amortization of financing costs	371,248	357,610
Amortization of above-market leases	30,841	46,568
Amortization of below-market leases	(85,455)	(120,158)
Straight-line rent adjustment	(170,978)	(202,782)
Changes in operating assets and liabilities:
Other assets	545,484	10,717
Accounts payable and accrued liabilities	(69,117)	(302,830)
Accrued real estate taxes	(618,885)	(58,917)
Net cash provided by operating activities	1,207,315	1,109,530
Cash flows from investing activities:
Real estate acquisitions		(7,399,545)
Additions to buildings and tenant improvements	(963,445)	(749,992)
Additions to deferred leasing costs	(18,865)	(280,323)
Proceeds from sale of real estate	5,218,976	1,256,151
Restricted cash	783,554	654,615
Net used in provided by (used in) investing activities	5,020,220	(6,519,094)
Cash flows from financing activities:
Proceeds from mortgage notes payable, net of issuance costs		5,112,787
Repayment of mortgage notes payable	(3,229,748)	(932,433)
Redemption of mandatorily redeemable preferred stock	(1,000,000)
Contributions from noncontrolling interests net of distributions paid	606,303	1,045,243
Repurchase of common stock	(13,755)	(5,823)
Dividends paid to stockholders	(1,171,981)	(1,064,912)
Net cash (used in) provided by financing activities	(4,809,181)	4,154,862
Net increase (decrease) in cash and cash equivalents	1,418,354	(1,254,702)
Cash and cash equivalents - beginning of period	3,116,147	6,626,423
Cash and cash equivalents - end of period	4,534,501	5,371,721
Supplemental disclosure of cash flow information:
Interest paid Series B preferred stock	1,405,600	1,238,611
Interest paid-mortgage notes payable	1,908,791	1,752,546
Non-cash investing and financing activities:
Reinvestment of cash dividends	570,680	633,934
Accrual of dividends payable	$ 1,198,631	$ 1,098,911

Organization

Organization	3 Months Ended
	Mar. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	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: • Fifteen office buildings, two industrial properties and one medical building (“Office/Industrial/Medical Properties”) which total approximately 1,482,000 rentable square feet, • Five retail shopping centers (“Retail Properties”) which total approximately 230,000 rentable square feet, and • One hundred six Model Homes owned by four affiliated limited partnerships and one limited liability company (“Residential Properties”). The following partnership activity occurred during the periods covered by these condensed consolidated financial statements: • The Company is the sole General Partner in two limited partnerships (NetREIT Palm Self-Storage LP and NetREIT Casa Grande LP), all with ownership in real estate income producing properties. The Company refers to these entities collectively, as the “NetREIT Partnerships”. In June 2016, the Company purchased the 5.99% outside interest in NetREIT Garden Gateway LP. • The Company is a limited partner in four partnerships that purchase and lease back Model Homes from developers (“Dubose Model Home Investors #201, LP”, “Dubose Model Homes Investors #202, LP”, “Dubose Model Homes Investors #203, LP” and “NetREIT Dubose Model Home REIT, LP”). The Company refers to these entities collectively, as the “Model Home Partnerships”. 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 operating 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 those 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 ordinary 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 three months ended March 31, 2017 and 2016. Earnings and 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 tax deprecation methods used to compute the carrying value (basis) on the investments in properties for tax purposes, among other things. During the three months ended March 31, 2017 and 2016, all distributions paid were considered return of capital to the stockholders as we reported a taxable net loss during the period. 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	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	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, 2016. For further information about the Company’s accounting policies, refer to the Company’s consolidated financial statements and notes thereto for the year ended December 31, 2016 included in the Company’s Annual Report on Form 10-K filed with the Securities Exchange Commission (“SEC”) on March 17, 2017 and amended on April 20, 2017. Basis of Presentation. The accompanying condensed consolidated financial statements have been prepared by the Company's management in accordance 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 8 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 recurring 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 three months ended March 31, 2017 and 2016, respectively. However, the results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016. The condensed consolidated balance sheet at year ended December 31, 2016 has been derived from the audited consolidated financial statements included in the Form 10-K filed with the SEC on March 17, 2017 and amended on April 20, 2017. 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 of which it is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates. The preparation of financial statements in conformity with GAAP 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 and 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 the allowance for doubtful accounts, which is based on an evaluation of the tenants’ ability to pay. Actual results may differ from those estimates. Asset Impairments. We review the carrying value of each of our real estate properties quarterly to determine if circumstances indicate an impairment in the carrying value of these investments exists. During the three months ended March 31, 2017, management did not believe any impairment reserve was required. Reclassifications. Certain reclassifications have been made to the previously presented consolidated financial 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. Subsequent Events. We evaluate subsequent events up until the date the consolidated financial statements are issued. Recently Issued Accounting Pronouncements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU No. 2016-02”). The amendments in ASU No. 2016 -02 changes the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU No. 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of ASU No. 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting the new leases standard on its consolidated financial statements. In November 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. This update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. The new standard is effective for annual reporting periods beginning after December 15, 2017 with early adoption permitted. The amendments should be applied using a retrospective transition method to each period presented. The Company is still evaluating the provisions of ASU 2016-18 and its impact on the consolidated statement of cash flows.

Recent Real Estate Transactions

Recent Real Estate Transactions	3 Months Ended
	Mar. 31, 2017
Real Estate [Abstract]
Recent Real Estate Transactions	3. RECENT REAL ESTATE TRANSACTIONS On February 27, 2017, the Company sold the Rangewood Medical Building for approximately $2.2 million and recognized a loss of approximately $170,000. On March 31, 2017, the Company sold the Regatta Square Retail Center for approximately $3.0 million and recognized a gain of approximately $756,000. During the three months ended March 31, 2017, the Company disposed of two Model Homes for approximately $815,000 and recognized a loss of approximately $45,000 related to the sale of these Model Homes.

Real Estate Assets

Real Estate Assets	3 Months Ended
	Mar. 31, 2017
Real Estate Assets [Abstract]
Real Estate Assets	4. REAL ESTATE ASSETS A summary of the properties owned by the Company as of March 31, 2017 is as follows: Real estate Date assets, net Property Name Acquired Location (in thousands) Garden Gateway Plaza March 2007 Colorado Springs, Colorado $ 11,605 World Plaza September 2007 San Bernardino, California 5,697 Executive Office Park July 2008 Colorado Springs, Colorado 8,088 Waterman Plaza August 2008 San Bernardino, California 5,722 Pacific Oaks Plaza September 2008 Escondido, California 4,084 Morena Office Center January 2009 San Diego, California 5,025 Genesis Plaza August 2010 San Diego, California 8,803 Dakota Bank Buildings May 2011 Fargo, North Dakota 10,018 Yucca Valley Retail Center September 2011 Yucca Valley, California 6,687 Port of San Diego Complex December 2011 San Diego, California 14,095 Shoreline Medical Building May 2012 Half Moon Bay, California 5,821 The Presidio November 2012 Aurora, Colorado 6,583 Bismarck March 2014 Fargo, ND 5,422 Union Terrace Building August 2014 Lakewood, Colorado 8,447 Centennial Tech Center December 2014 Colorado Springs, Colorado 13,952 Arapahoe Service Center December 2014 Centennial, Colorado 11,062 Union Town Center December 2014 Colorado Springs, Colorado 10,476 West Fargo Industrial August 2015 Fargo, North Dakota 7,597 300 N.P. August 2015 Fargo, North Dakota 3,712 Research Parkway August 2015 Colorado Springs, Colorado 2,759 One Parke Center August 2015 Westminster, Colorado 8,539 Highland Court August 2015 Centennial, Colorado 12,401 Shea Center II December 2015 Highlands Ranch, Colorado 23,995 NetREIT, Inc properties 200,590 Model Home properties 2010-2016 AZ, CA, FL, IL, NC, NJ, PA, SC, TX, UT, WI 33,834 Total real estate assets and lease intangibles, net $ 234,424 Geographic Diversification Table The following tables show a list of properties owned by NetREIT, Inc. grouped by state location as of March 31, 2017: State No. of Properties Aggregate Square Feet Approximate % of Square Feet Current Base Rent Approximate % of Aggregate Annual Rent California 8 436,022 25.5 % $ 6,673,885 28.5 % Colorado 11 872,878 51.0 % 13,133,004 56.1 % North Dakota 4 401,461 23.5 % 3,593,589 15.4 % Total 23 1,710,361 100.0 % $ 23,400,478 100.0 % Model Home properties: State No. of Properties Aggregate Square Feet Approximate % of Square Feet Current Base Annual Rent Approximate of Aggregate % Annual Rent Arizona 2 4,618 1.5 % $ 50,220 1.7 % California 2 4,563 1.4 % 42,456 1.4 % Florida 12 35,183 11.2 % 394,800 13.4 % Illinois 4 11,876 3.8 % 130,476 4.4 % New Jersey 4 10,379 3.3 % 101,820 3.5 % North Carolina 4 13,623 4.3 % 144,540 4.9 % Pennsylvania 13 36,764 11.7 % 420,768 14.3 % South Carolina 4 10,829 3.4 % 109,428 3.7 % Texas 56 172,180 54.7 % 1,400,388 47.5 % Utah 3 9,918 3.1 % 99,816 3.4 % Wisconsin 2 5,016 1.6 % 55,992 1.8 % Total 106 314,949 100.0 % $ 2,950,704 100.0 %

Lease Intangibles

Lease Intangibles	3 Months Ended
	Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Lease Intangibles	5. LEASE INTANGIBLES The following table summarizes the net value of other intangible assets and the accumulated amortization for each class of intangible asset: March 31, 2017 December 31, 2016 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 6,718,928 $ (3,947,687 ) $ 2,771,241 $ 6,872,980 $ (3,840,670 ) $ 3,032,310 Leasing costs 4,758,792 (2,625,251 ) 2,133,541 4,813,951 (2,517,759 ) 2,296,192 Above-market leases 2,124,360 (1,617,169 ) 507,191 2,124,360 (1,586,328 ) 538,032 $ 13,602,080 $ (8,190,107 ) $ 5,411,973 $ 13,811,291 $ (7,944,757 ) $ 5,866,534 The net value of acquired intangible liabilities was $1,612,631 and $1,698,086 relating to below-market leases as of March 31, 2017 and December 31, 2016, respectively. Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: Nine months remaining in 2017 $ 1,198,271 Years ending December 31: 2018 1,380,667 2019 1,127,224 2020 895,185 2021 585,710 Thereafter 224,916 Total $ 5,411,973 The weighted average amortization of the intangible assets as of March 31, 2017 is 3.9 years.

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2017
Other Assets [Abstract]
Other Assets	6. OTHER ASSETS Other assets consist of the following: March 31, December 31, 2017 2016 Deferred rent receivable $ 2,973,710 $ 2,950,034 Raw land 900,000 900,000 Other intangibles, net 435,407 455,632 Prepaid expenses, deposits and other 385,740 564,983 Notes receivable 316,374 316,374 Accounts receivable, net 290,631 558,959 Total other assets $ 5,301,862 $ 5,745,982

Mortgage Notes Payable

Mortgage Notes Payable	3 Months Ended
	Mar. 31, 2017
Mortgage Loans On Real Estate [Abstract]
Mortgage Notes Payable	7. MORTGAGE NOTES PAYABLE Mortgage notes payable consisted of the following: Principal as of March 31, December 31, Loan Interest Mortgage note property Notes 2017 2016 Type Rate (1) Maturity Rangewood Medical Office Building $ - $ 958,106 Fixed 4.95 % 1/1/2019 Regatta Square - 1,150,566 Fixed 4.95 % 1/1/2019 Garden Gateway Plaza 6,582,178 6,626,739 Fixed 5.00 % 2/5/2020 Port of San Diego Complex 9,784,379 9,852,456 Fixed 4.75 % 3/5/2020 West Fargo Industrial 4,416,939 4,434,655 Fixed 4.79 % 8/4/2020 Morena Office Center (2) 3,915,901 2,224,839 Fixed 4.50 % 1/1/2021 Waterman Plaza 1,501,031 3,939,037 Fixed 4.25 % 4/29/2021 Pacific Oaks Plaza (4) 2,207,467 1,512,640 Fixed 4.50 % 6/1/2021 The Presidio 6,000,000 6,000,000 Fixed 4.54 % 12/1/2021 Shoreline Medical Building (2) 3,569,270 3,602,238 Fixed 5.10 % 6/1/2022 Highland Court 6,796,373 6,829,348 Fixed 3.82 % 9/1/2022 Dakota Bank Buildings 10,630,765 10,677,761 Fixed 4.74 % 7/6/2024 Union Terrace Building 6,532,066 6,558,704 Fixed 4.50 % 9/5/2024 Centennial Tech Center 10,034,159 10,077,242 Fixed 4.34 % 11/5/2024 Research Parkway 1,944,542 1,956,154 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 8,465,309 8,500,000 Fixed 4.34 % 1/5/2025 Union Town Center 8,440,000 8,440,000 Fixed 4.28 % 1/5/2025 Yucca Valley Retail Center 6,000,000 6,000,000 Fixed 4.30 % 4/11/2025 Executive Office Park (3) 4,211,275 4,231,842 Fixed 5.80 % 7/1/2025 Genesis Plaza 6,500,000 6,610,000 Fixed 4.65 % 8/25/2025 One Parke Centre 6,610,000 6,500,000 Fixed 4.77 % 9/5/2025 Shea Center II 17,727,500 17,727,500 Fixed 4.92 % 1/5/2026 Bismarck Office Building (6) 4,134,066 4,158,998 Fixed 4.02 % 8/1/2037 Subtotal, NetREIT, Inc. properties 136,003,220 138,568,825 4.71 % Model Home mortgage notes 21,595,636 22,259,779 Fixed (5) 2017-2020 Mortgage Notes Payable $ 157,598,856 $ 160,828,604 Unamortized loan costs (1,861,624 ) (1,942,493 ) Mortgage Notes Payable, net $ 155,737,232 $ 158,886,111 (1) Interest rates as of March 31, 2017. (2) Interest rate is subject to resetting on the 6th loan anniversary. (3) Interest rate is subject to reset on July 1, 2018. (4) Interest rate is subject to reset on April 28, 2017. (5) Each Model Home has a stand-alone mortgage note at interest rates ranging from 3.8% to 5.5% per annum (at March 31, 2017 (6) Interest rate is subject to reset on September 1, 2023 and on September 1, 2030. The Company is in compliance with all conditions and covenants of its mortgage notes payable. Scheduled principal payments of mortgage notes payable were as follows as of March 31, 2017 NetREIT, Inc. Model Homes Principal Notes Notes Payable Payments Nine months remaining in 2017 $ 1,377,063 $ 1,054,441 $ 2,431,504 Years ending December 31: 2018 2,034,620 1,637,100 $ 3,671,720 2019 2,395,177 12,527,130 $ 14,922,307 2020 21,271,359 6,376,965 $ 27,648,324 2021 14,614,449 - $ 14,614,449 Thereafter 94,310,552 - $ 94,310,552 Total $ 136,003,220 $ 21,595,636 $ 157,598,856

Series B Mandatorily Redeemable

Series B Mandatorily Redeemable Preferred Stock	3 Months Ended
	Mar. 31, 2017
Other Liabilities And Shares Subject To Mandatory Redemption [Abstract]
Series B Mandatorily Redeemable Preferred Stock	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, was funded in installments and completed on December 24, 2015. As of December 31, 2015, the Company had issued 35,000 shares of its Series B Preferred Stock. The Company has classified the Series B Preferred Stock as a liability in accordance with ASC Topic No. 480, “ Distinguishing Liabilities from Equity 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% and shall be paid on a monthly basis. The Series B Preferred Stock is scheduled to be redeemed on August 1, 2017; however, the Company has two one year options to extend the redemption date. The Company incurred approximately $3.1 million in legal and underwriting costs related to this transaction. These costs have been recorded as deferred financing costs on the accompanying consolidated balance sheets as a direct deduction from the carrying amount of that debt liability March 31, 2017 During 2016, the Company redeemed 300 shares in June, 1,000 shares in July and 1,000 shares in August for a total of $2.3 million. During the three months ended March 31, 2017, the Company redeemed 1,000 shares for $1.0 million. As of March 31, 2017, the remaining outstanding share balance was 31,700. On August 1, 2017, the redemption date, $31.7 million is due with two one year options to extend the redemption date at a cost of .05% per extension.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2017
Stockholders Equity Note [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 rights, 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 shares 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 the 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 placement 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 currently exists for the securities sold under this offering. Cash Dividends. During the three months ended March 31, 2017 and 2016 the Company paid cash dividends, net of reinvested stock dividends, of approximately $1,172,000 and $1,065,000, respectively, or at a rate of $0.40 per share on an annualized basis. As the Company expects to report net taxable losses for the year ended December 31, 2017, and on a cumulative basis, the cash dividends paid are expected to be a return of capital to the stockholders rather than a distribution of earnings. Dividend Reinvestment Plan. The Company has adopted a distribution reinvestment plan that allows stockholders to have dividends and other distributions otherwise distributable to them invested in additional shares of Company common stock. The Company has registered 3,000,000 shares of common stock pursuant to the dividend reinvestment plan. The dividend reinvestment plan became effective on January 23, 2012. The purchase price per share is 95% of the price the Company was 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 Plan 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 March 31, 2017 approximately $16.9 million or approximately 1,777,469 shares of common stock have been issued under the dividend reinvestment plan to date.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	10. RELATED PARTY TRANSACTIONS The Company leases a portion of its corporate headquarters at Pacific Oaks Plaza in Escondido, California to entities 100% owned by the Company’s Chairman and Chief Executive Officer. Rental income recorded for the three months ended March 31, 2017 and 2016 totaled $7,000 and $7,000, respectively.

Segments

Segments	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segments	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: Office/Industrial/Medical Properties, Residential Properties and Retail Properties. The Company also has certain corporate level activities including accounting, finance, legal administration and management information systems which 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 inter segment activity. The Company evaluates the performance of its segments based upon net operating 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 operating expenses, real estate taxes, insurance, asset management fees, impairments and provision for bad debt). 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 and to make decisions 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 March 31, 2017 and 2016. For the Three Months Ended March 31, 2017 2016 Office/Industrial/Medical Properties: Rental income $ 6,289,692 $ 7,019,176 Property and related expenses (2,218,518 ) (2,232,590 ) Net operating income, as defined 4,071,174 4,786,586 Residential Properties: Rental income 830,231 388,400 Property and related expenses (38,956 ) (17,704 ) Net operating income, as defined 791,275 370,696 Retail Properties: Rental income 1,126,604 1,049,998 Property and related expenses (379,629 ) (223,057 ) Net operating income, as defined 746,975 826,941 Reconciliation to net loss: Total net operating income, as defined, for reportable segments 5,609,424 5,984,223 General and administrative expenses (1,257,211 ) (1,230,411 ) Depreciation and amortization (2,503,516 ) (2,659,531 ) Interest expense (3,316,196 ) (3,388,602 ) Interest income 9,268 21,739 Income tax expense (27,416 ) (68,548 ) Gain on sale of real estate 541,462 175,486 Net loss $ (944,185 ) $ (1,165,644 ) March 31, December 31, Assets by Reportable Segment: 2017 2016 Office/Industrial/Medical Properties: Land, buildings and improvements, net (1) $ 169,196,732 $ 172,309,537 Total assets (2) $ 171,270,735 $ 175,689,722 Residential Properties: Land, buildings and improvements, net (1) $ 33,834,310 $ 34,813,680 Total assets (2) $ 34,346,130 $ 35,960,179 Retail Properties: Land, buildings and improvements, net (1) $ 31,340,544 $ 33,398,992 Total assets (2) $ 32,904,933 $ 35,320,092 Reconciliation to Total Assets: Total assets for reportable segments $ 238,521,798 $ 246,969,993 Other unallocated assets: Cash and cash equivalents 4,534,501 3,116,147 Other assets, net 8,924,122 7,912,937 Total Assets $ 251,980,421 $ 257,999,077 (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 For the Three Months Ended March 31, 2017 2016 Office/Industrial/Medical Properties: Capital expenditures and tenant improvements $ 927,668 $ 748,800 Residential Properties: Acquisition of operating properties - 7,399,545 Retail Properties: Capital expenditures and tenant improvements 35,777 1,192 Totals: Acquisition of operating properties, net - 7,399,545 Capital expenditures and tenant improvements 963,445 749,992 Total real estate investments $ 963,445 $ 8,149,537

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	12. SUBSEQUENT EVENTS On April 7, 2017 the Company closed on the sale of the Shoreline Medical Building for approximately $8.2 million and paid off the related mortgage note payable totaling approximately $3.6 million. On May 8, 2017, the Company redeemed 1,000 shares of its Series B preferred stock for $1,000,000. As of May 11, 2017, the remaining outstanding share balance was 30,700.

Significant Accounting Polici19

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying condensed consolidated financial statements have been prepared by the Company's management in accordance 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 8 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 recurring 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 three months ended March 31, 2017 and 2016, respectively. However, the results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016. The condensed consolidated balance sheet at year ended December 31, 2016 has been derived from the audited consolidated financial statements included in the Form 10-K filed with the SEC on March 17, 2017 and amended on April 20, 2017.
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 of which it is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates. The preparation of financial statements in conformity with GAAP 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 and 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 the allowance for doubtful accounts, which is based on an evaluation of the tenants’ ability to pay. Actual results may differ from those estimates.
Asset Impairments	Asset Impairments. We review the carrying value of each of our real estate properties quarterly to determine if circumstances indicate an impairment in the carrying value of these investments exists. During the three months ended March 31, 2017, management did not believe any impairment reserve was required.
Reclassifications	Reclassifications. Certain reclassifications have been made to the previously presented consolidated financial 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.
Subsequent Events	Subsequent Events. We evaluate subsequent events up until the date the consolidated financial statements are issued.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU No. 2016-02”). The amendments in ASU No. 2016 -02 changes the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU No. 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption of ASU No. 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting the new leases standard on its consolidated financial statements. In November 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. This update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning of period and end of period total amounts shown on the statement of cash flows. The new standard is effective for annual reporting periods beginning after December 15, 2017 with early adoption permitted. The amendments should be applied using a retrospective transition method to each period presented. The Company is still evaluating the provisions of ASU 2016-18 and its impact on the consolidated statement of cash flows.

Real Estate Assets (Tables)

Real Estate Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Real Estate Assets [Abstract]
Real Estate Properties Owned	A summary of the properties owned by the Company as of March 31, 2017 is as follows: Real estate Date assets, net Property Name Acquired Location (in thousands) Garden Gateway Plaza March 2007 Colorado Springs, Colorado $ 11,605 World Plaza September 2007 San Bernardino, California 5,697 Executive Office Park July 2008 Colorado Springs, Colorado 8,088 Waterman Plaza August 2008 San Bernardino, California 5,722 Pacific Oaks Plaza September 2008 Escondido, California 4,084 Morena Office Center January 2009 San Diego, California 5,025 Genesis Plaza August 2010 San Diego, California 8,803 Dakota Bank Buildings May 2011 Fargo, North Dakota 10,018 Yucca Valley Retail Center September 2011 Yucca Valley, California 6,687 Port of San Diego Complex December 2011 San Diego, California 14,095 Shoreline Medical Building May 2012 Half Moon Bay, California 5,821 The Presidio November 2012 Aurora, Colorado 6,583 Bismarck March 2014 Fargo, ND 5,422 Union Terrace Building August 2014 Lakewood, Colorado 8,447 Centennial Tech Center December 2014 Colorado Springs, Colorado 13,952 Arapahoe Service Center December 2014 Centennial, Colorado 11,062 Union Town Center December 2014 Colorado Springs, Colorado 10,476 West Fargo Industrial August 2015 Fargo, North Dakota 7,597 300 N.P. August 2015 Fargo, North Dakota 3,712 Research Parkway August 2015 Colorado Springs, Colorado 2,759 One Parke Center August 2015 Westminster, Colorado 8,539 Highland Court August 2015 Centennial, Colorado 12,401 Shea Center II December 2015 Highlands Ranch, Colorado 23,995 NetREIT, Inc properties 200,590 Model Home properties 2010-2016 AZ, CA, FL, IL, NC, NJ, PA, SC, TX, UT, WI 33,834 Total real estate assets and lease intangibles, net $ 234,424
Geographic Locations of Real Estate Properties Owned	The following tables show a list of properties owned by NetREIT, Inc. grouped by state location as of March 31, 2017: State No. of Properties Aggregate Square Feet Approximate % of Square Feet Current Base Rent Approximate % of Aggregate Annual Rent California 8 436,022 25.5 % $ 6,673,885 28.5 % Colorado 11 872,878 51.0 % 13,133,004 56.1 % North Dakota 4 401,461 23.5 % 3,593,589 15.4 % Total 23 1,710,361 100.0 % $ 23,400,478 100.0 % Model Home properties: State No. of Properties Aggregate Square Feet Approximate % of Square Feet Current Base Annual Rent Approximate of Aggregate % Annual Rent Arizona 2 4,618 1.5 % $ 50,220 1.7 % California 2 4,563 1.4 % 42,456 1.4 % Florida 12 35,183 11.2 % 394,800 13.4 % Illinois 4 11,876 3.8 % 130,476 4.4 % New Jersey 4 10,379 3.3 % 101,820 3.5 % North Carolina 4 13,623 4.3 % 144,540 4.9 % Pennsylvania 13 36,764 11.7 % 420,768 14.3 % South Carolina 4 10,829 3.4 % 109,428 3.7 % Texas 56 172,180 54.7 % 1,400,388 47.5 % Utah 3 9,918 3.1 % 99,816 3.4 % Wisconsin 2 5,016 1.6 % 55,992 1.8 % Total 106 314,949 100.0 % $ 2,950,704 100.0 %

Lease Intangibles (Tables)

Lease Intangibles (Tables)	3 Months Ended
	Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [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: March 31, 2017 December 31, 2016 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 6,718,928 $ (3,947,687 ) $ 2,771,241 $ 6,872,980 $ (3,840,670 ) $ 3,032,310 Leasing costs 4,758,792 (2,625,251 ) 2,133,541 4,813,951 (2,517,759 ) 2,296,192 Above-market leases 2,124,360 (1,617,169 ) 507,191 2,124,360 (1,586,328 ) 538,032 $ 13,602,080 $ (8,190,107 ) $ 5,411,973 $ 13,811,291 $ (7,944,757 ) $ 5,866,534
Amortization Expense for the Company Lease Intangible Assets	Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: Nine months remaining in 2017 $ 1,198,271 Years ending December 31: 2018 1,380,667 2019 1,127,224 2020 895,185 2021 585,710 Thereafter 224,916 Total $ 5,411,973

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Other Assets [Abstract]
Other Assets	Other assets consist of the following: March 31, December 31, 2017 2016 Deferred rent receivable $ 2,973,710 $ 2,950,034 Raw land 900,000 900,000 Other intangibles, net 435,407 455,632 Prepaid expenses, deposits and other 385,740 564,983 Notes receivable 316,374 316,374 Accounts receivable, net 290,631 558,959 Total other assets $ 5,301,862 $ 5,745,982

Mortgage Notes Payable (Tables)

Mortgage Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2017
Mortgage Loans On Real Estate [Abstract]
Mortgage Notes Payable	Mortgage notes payable consisted of the following: Principal as of March 31, December 31, Loan Interest Mortgage note property Notes 2017 2016 Type Rate (1) Maturity Rangewood Medical Office Building $ - $ 958,106 Fixed 4.95 % 1/1/2019 Regatta Square - 1,150,566 Fixed 4.95 % 1/1/2019 Garden Gateway Plaza 6,582,178 6,626,739 Fixed 5.00 % 2/5/2020 Port of San Diego Complex 9,784,379 9,852,456 Fixed 4.75 % 3/5/2020 West Fargo Industrial 4,416,939 4,434,655 Fixed 4.79 % 8/4/2020 Morena Office Center (2) 3,915,901 2,224,839 Fixed 4.50 % 1/1/2021 Waterman Plaza 1,501,031 3,939,037 Fixed 4.25 % 4/29/2021 Pacific Oaks Plaza (4) 2,207,467 1,512,640 Fixed 4.50 % 6/1/2021 The Presidio 6,000,000 6,000,000 Fixed 4.54 % 12/1/2021 Shoreline Medical Building (2) 3,569,270 3,602,238 Fixed 5.10 % 6/1/2022 Highland Court 6,796,373 6,829,348 Fixed 3.82 % 9/1/2022 Dakota Bank Buildings 10,630,765 10,677,761 Fixed 4.74 % 7/6/2024 Union Terrace Building 6,532,066 6,558,704 Fixed 4.50 % 9/5/2024 Centennial Tech Center 10,034,159 10,077,242 Fixed 4.34 % 11/5/2024 Research Parkway 1,944,542 1,956,154 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 8,465,309 8,500,000 Fixed 4.34 % 1/5/2025 Union Town Center 8,440,000 8,440,000 Fixed 4.28 % 1/5/2025 Yucca Valley Retail Center 6,000,000 6,000,000 Fixed 4.30 % 4/11/2025 Executive Office Park (3) 4,211,275 4,231,842 Fixed 5.80 % 7/1/2025 Genesis Plaza 6,500,000 6,610,000 Fixed 4.65 % 8/25/2025 One Parke Centre 6,610,000 6,500,000 Fixed 4.77 % 9/5/2025 Shea Center II 17,727,500 17,727,500 Fixed 4.92 % 1/5/2026 Bismarck Office Building (6) 4,134,066 4,158,998 Fixed 4.02 % 8/1/2037 Subtotal, NetREIT, Inc. properties 136,003,220 138,568,825 4.71 % Model Home mortgage notes 21,595,636 22,259,779 Fixed (5) 2017-2020 Mortgage Notes Payable $ 157,598,856 $ 160,828,604 Unamortized loan costs (1,861,624 ) (1,942,493 ) Mortgage Notes Payable, net $ 155,737,232 $ 158,886,111 (1) Interest rates as of March 31, 2017. (2) Interest rate is subject to resetting on the 6th loan anniversary. (3) Interest rate is subject to reset on July 1, 2018. (4) Interest rate is subject to reset on April 28, 2017. (5) Each Model Home has a stand-alone mortgage note at interest rates ranging from 3.8% to 5.5% per annum (at March 31, 2017 (6) Interest rate is subject to reset on September 1, 2023 and on September 1, 2030. The Company is in compliance with all conditions and covenants of its mortgage notes payable.
Scheduled Principal Payments of Mortgage Notes Payable	Scheduled principal payments of mortgage notes payable were as follows as of March 31, 2017 NetREIT, Inc. Model Homes Principal Notes Notes Payable Payments Nine months remaining in 2017 $ 1,377,063 $ 1,054,441 $ 2,431,504 Years ending December 31: 2018 2,034,620 1,637,100 $ 3,671,720 2019 2,395,177 12,527,130 $ 14,922,307 2020 21,271,359 6,376,965 $ 27,648,324 2021 14,614,449 - $ 14,614,449 Thereafter 94,310,552 - $ 94,310,552 Total $ 136,003,220 $ 21,595,636 $ 157,598,856

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [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 March 31, 2017 and 2016. For the Three Months Ended March 31, 2017 2016 Office/Industrial/Medical Properties: Rental income $ 6,289,692 $ 7,019,176 Property and related expenses (2,218,518 ) (2,232,590 ) Net operating income, as defined 4,071,174 4,786,586 Residential Properties: Rental income 830,231 388,400 Property and related expenses (38,956 ) (17,704 ) Net operating income, as defined 791,275 370,696 Retail Properties: Rental income 1,126,604 1,049,998 Property and related expenses (379,629 ) (223,057 ) Net operating income, as defined 746,975 826,941 Reconciliation to net loss: Total net operating income, as defined, for reportable segments 5,609,424 5,984,223 General and administrative expenses (1,257,211 ) (1,230,411 ) Depreciation and amortization (2,503,516 ) (2,659,531 ) Interest expense (3,316,196 ) (3,388,602 ) Interest income 9,268 21,739 Income tax expense (27,416 ) (68,548 ) Gain on sale of real estate 541,462 175,486 Net loss $ (944,185 ) $ (1,165,644 )
Reconciliation of Assets by Segment to Total Assets	March 31, December 31, Assets by Reportable Segment: 2017 2016 Office/Industrial/Medical Properties: Land, buildings and improvements, net (1) $ 169,196,732 $ 172,309,537 Total assets (2) $ 171,270,735 $ 175,689,722 Residential Properties: Land, buildings and improvements, net (1) $ 33,834,310 $ 34,813,680 Total assets (2) $ 34,346,130 $ 35,960,179 Retail Properties: Land, buildings and improvements, net (1) $ 31,340,544 $ 33,398,992 Total assets (2) $ 32,904,933 $ 35,320,092 Reconciliation to Total Assets: Total assets for reportable segments $ 238,521,798 $ 246,969,993 Other unallocated assets: Cash and cash equivalents 4,534,501 3,116,147 Other assets, net 8,924,122 7,912,937 Total Assets $ 251,980,421 $ 257,999,077 (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 For the Three Months Ended March 31, 2017 2016 Office/Industrial/Medical Properties: Capital expenditures and tenant improvements $ 927,668 $ 748,800 Residential Properties: Acquisition of operating properties - 7,399,545 Retail Properties: Capital expenditures and tenant improvements 35,777 1,192 Totals: Acquisition of operating properties, net - 7,399,545 Capital expenditures and tenant improvements 963,445 749,992 Total real estate investments $ 963,445 $ 8,149,537

Organization (Details)

Organization (Details)	1 Months Ended	3 Months Ended
	Jun. 30, 2016	Mar. 31, 2017ft²PropertyCounterparty_Investment
Real Estate Properties [Line Items]
Number of limited partnerships in which the company is sole General Partner | Counterparty_Investment		2
Number of partnerships that purchase and lease back model homes from developers in which the company is a limited partner | Counterparty_Investment		4
Key Provisions of Operating or Partnership Agreement, Description		The following partnership activity occurred during the periods covered by these condensed consolidated financial statements: The Company is the sole General Partner in two limited partnerships (NetREIT Palm Self-Storage LP and NetREIT Casa Grande LP), all with ownership in real estate income producing properties. The Company refers to these entities collectively, as the “NetREIT Partnerships”. In June 2016, the Company purchased the 5.99% outside interest in NetREIT Garden Gateway LP. The Company is a limited partner in four partnerships that purchase and lease back Model Homes from developers (“Dubose Model Home Investors #201, LP”, “Dubose Model Homes Investors #202, LP”, “Dubose Model Homes Investors #203, LP” and “NetREIT Dubose Model Home REIT, LP”). The Company refers to these entities collectively, as the “Model Home Partnerships”. 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.
NetREIT Garden Gateway LP [Member]
Real Estate Properties [Line Items]
Percentage of outside interest purchased by company	5.99%
Office, Industrial Properties And Medical Building [Member]
Real Estate Properties [Line Items]
Number of properties | Property		18
Area of Real Estate Property | ft²		1,482,000
Retail Properties [Member]
Real Estate Properties [Line Items]
Number of properties | Property		5
Area of Real Estate Property | ft²		230,000
Residential Properties [Member]
Real Estate Properties [Line Items]
Number of properties | Property		106
Number of limited partnerships in which the company is sole General Partner | Counterparty_Investment		4

Recent Real Estate Transactio26

Recent Real Estate Transactions (Disposals of Properties) (Details) - Residential Properties [Member]	Mar. 31, 2017USD ($)Property	Feb. 27, 2017USD ($)	Mar. 31, 2017USD ($)Property
Real Estate Properties [Line Items]
Number of properties | Property	106		106
Rangewood Medical Office Building [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property		$ 2,200,000
Gain (loss) on sale of property		$ (170,000)
Regatta Square Retail Center [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property	$ 3,000,000
Gain (loss) on sale of property	$ 756,000
Two Dubos Model Homes [Member]
Real Estate Properties [Line Items]
Proceeds from sale of property			$ 815,000
Gain (loss) on sale of property			$ (45,000)
Number of properties | Property	2		2

Real Estate Assets (Summary of

Real Estate Assets (Summary of Properties Owned) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Real Estate And Accumulated Depreciation [Line Items]
Real Estate Assets Owned	$ 234,424,174	$ 240,522,209
Garden Gateway Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Mar. 1, 2007
Location	Colorado Springs, Colorado
Real Estate Assets Owned	$ 11,605,000
World Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Sep. 1, 2007
Location	San Bernardino, California
Real Estate Assets Owned	$ 5,697,000
Executive Office Park [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jul. 1, 2008
Location	Colorado Springs, Colorado
Real Estate Assets Owned	$ 8,088,000
Waterman Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2008
Location	San Bernardino, California
Real Estate Assets Owned	$ 5,722,000
Pacific Oaks Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Sep. 1, 2008
Location	Escondido, California
Real Estate Assets Owned	$ 4,084,000
Morena Office Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jan. 1, 2009
Location	San Diego, California
Real Estate Assets Owned	$ 5,025,000
Genesis Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2010
Location	San Diego, California
Real Estate Assets Owned	$ 8,803,000
Dakota Bank Buildings [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	May 1, 2011
Location	Fargo, North Dakota
Real Estate Assets Owned	$ 10,018,000
Yucca Valley Retail Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Sep. 1, 2011
Location	Yucca Valley, California
Real Estate Assets Owned	$ 6,687,000
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 Owned	$ 14,095,000
Shoreline Medical Building [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	May 1, 2012
Location	Half Moon Bay, California
Real Estate Assets Owned	$ 5,821,000
The Presidio [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Nov. 1, 2012
Location	Aurora, Colorado
Real Estate Assets Owned	$ 6,583,000
Bismarck Office Building [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Mar. 1, 2014
Location	Fargo, ND
Real Estate Assets Owned	$ 5,422,000
Union Terrace [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2014
Location	Lakewood, Colorado
Real Estate Assets Owned	$ 8,447,000
Centennial Tech Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Dec. 1, 2014
Location	Colorado Springs, Colorado
Real Estate Assets Owned	$ 13,952,000
Arapahoe Service Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Dec. 1, 2014
Location	Centennial, Colorado
Real Estate Assets Owned	$ 11,062,000
Union Town Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Dec. 1, 2014
Location	Colorado Springs, Colorado
Real Estate Assets Owned	$ 10,476,000
West Fargo Industrial [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2015
Location	Fargo, North Dakota
Real Estate Assets Owned	$ 7,597,000
300 N.P. [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2015
Location	Fargo, North Dakota
Real Estate Assets Owned	$ 3,712,000
Research Parkway [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2015
Location	Colorado Springs, Colorado
Real Estate Assets Owned	$ 2,759,000
One Parke Center [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2015
Location	Westminster, Colorado
Real Estate Assets Owned	$ 8,539,000
Highland Court [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Aug. 1, 2015
Location	Centennial, Colorado
Real Estate Assets Owned	$ 12,401,000
Shea Center II [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Dec. 1, 2015
Location	Highlands Ranch, Colorado
Real Estate Assets Owned	$ 23,995,000
NetREIT, Inc. Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate Assets Owned	200,590,000
Model Home Properties [Member]
Real Estate And Accumulated Depreciation [Line Items]
Real Estate Assets Owned	$ 33,834,000
Model Home Properties [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jan. 1, 2010
Model Home Properties [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Date acquired	Jan. 1, 2016

Real Estate Assets (Geographic

Real Estate Assets (Geographic Locations of Real Estate Properties Owned) (Details)	3 Months Ended
	Mar. 31, 2017USD ($)ft²Property
NetREIT, Inc. Properties [Member]
Real Estate Properties [Line Items]
Number of properties | Property	23
Aggregate Square Feet | ft²	1,710,361
Approximate % of Square Feet	100.00%
Current Base Annual Rent | $	$ 23,400,478
Approximate of Aggregate % Annual Rent	100.00%
NetREIT, Inc. Properties [Member] | California [Member]
Real Estate Properties [Line Items]
Number of properties | Property	8
Aggregate Square Feet | ft²	436,022
Approximate % of Square Feet	25.50%
Current Base Annual Rent | $	$ 6,673,885
Approximate of Aggregate % Annual Rent	28.50%
NetREIT, Inc. Properties [Member] | Colorado [Member]
Real Estate Properties [Line Items]
Number of properties | Property	11
Aggregate Square Feet | ft²	872,878
Approximate % of Square Feet	51.00%
Current Base Annual Rent | $	$ 13,133,004
Approximate of Aggregate % Annual Rent	56.10%
NetREIT, Inc. Properties [Member] | North Dakota [Member]
Real Estate Properties [Line Items]
Number of properties | Property	4
Aggregate Square Feet | ft²	401,461
Approximate % of Square Feet	23.50%
Current Base Annual Rent | $	$ 3,593,589
Approximate of Aggregate % Annual Rent	15.40%
Model Home Properties [Member]
Real Estate Properties [Line Items]
Number of properties | Property	106
Aggregate Square Feet | ft²	314,949
Approximate % of Square Feet	100.00%
Current Base Annual Rent | $	$ 2,950,704
Approximate of Aggregate % Annual Rent	100.00%
Model Home Properties [Member] | Arizona [Member]
Real Estate Properties [Line Items]
Number of properties | Property	2
Aggregate Square Feet | ft²	4,618
Approximate % of Square Feet	1.50%
Current Base Annual Rent | $	$ 50,220
Approximate of Aggregate % Annual Rent	1.70%
Model Home Properties [Member] | California [Member]
Real Estate Properties [Line Items]
Number of properties | Property	2
Aggregate Square Feet | ft²	4,563
Approximate % of Square Feet	1.40%
Current Base Annual Rent | $	$ 42,456
Approximate of Aggregate % Annual Rent	1.40%
Model Home Properties [Member] | Florida [Member]
Real Estate Properties [Line Items]
Number of properties | Property	12
Aggregate Square Feet | ft²	35,183
Approximate % of Square Feet	11.20%
Current Base Annual Rent | $	$ 394,800
Approximate of Aggregate % Annual Rent	13.40%
Model Home Properties [Member] | Illinois [Member]
Real Estate Properties [Line Items]
Number of properties | Property	4
Aggregate Square Feet | ft²	11,876
Approximate % of Square Feet	3.80%
Current Base Annual Rent | $	$ 130,476
Approximate of Aggregate % Annual Rent	4.40%
Model Home Properties [Member] | New Jersey [Member]
Real Estate Properties [Line Items]
Number of properties | Property	4
Aggregate Square Feet | ft²	10,379
Approximate % of Square Feet	3.30%
Current Base Annual Rent | $	$ 101,820
Approximate of Aggregate % Annual Rent	3.50%
Model Home Properties [Member] | North Carolina [Member]
Real Estate Properties [Line Items]
Number of properties | Property	4
Aggregate Square Feet | ft²	13,623
Approximate % of Square Feet	4.30%
Current Base Annual Rent | $	$ 144,540
Approximate of Aggregate % Annual Rent	4.90%
Model Home Properties [Member] | Pennsylvania [Member]
Real Estate Properties [Line Items]
Number of properties | Property	13
Aggregate Square Feet | ft²	36,764
Approximate % of Square Feet	11.70%
Current Base Annual Rent | $	$ 420,768
Approximate of Aggregate % Annual Rent	14.30%
Model Home Properties [Member] | South Carolina [Member]
Real Estate Properties [Line Items]
Number of properties | Property	4
Aggregate Square Feet | ft²	10,829
Approximate % of Square Feet	3.40%
Current Base Annual Rent | $	$ 109,428
Approximate of Aggregate % Annual Rent	3.70%
Model Home Properties [Member] | Texas [Member]
Real Estate Properties [Line Items]
Number of properties | Property	56
Aggregate Square Feet | ft²	172,180
Approximate % of Square Feet	54.70%
Current Base Annual Rent | $	$ 1,400,388
Approximate of Aggregate % Annual Rent	47.50%
Model Home Properties [Member] | Utah [Member]
Real Estate Properties [Line Items]
Number of properties | Property	3
Aggregate Square Feet | ft²	9,918
Approximate % of Square Feet	3.10%
Current Base Annual Rent | $	$ 99,816
Approximate of Aggregate % Annual Rent	3.40%
Model Home Properties [Member] | Wisconsin [Member]
Real Estate Properties [Line Items]
Number of properties | Property	2
Aggregate Square Feet | ft²	5,016
Approximate % of Square Feet	1.60%
Current Base Annual Rent | $	$ 55,992
Approximate of Aggregate % Annual Rent	1.80%

Lease Intangibles (Net Value of

Lease Intangibles (Net Value of Other Intangible Assets and Amortization by Class) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Finite Lived Intangible Assets [Line Items]
Lease intangibles	$ 13,602,080	$ 13,811,291
Accumulated amortization	(8,190,107)	(7,944,757)
Lease intangibles, net	5,411,973	5,866,534
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
Lease intangibles	6,718,928	6,872,980
Accumulated amortization	(3,947,687)	(3,840,670)
Lease intangibles, net	2,771,241	3,032,310
Leasing Cost [Member]
Finite Lived Intangible Assets [Line Items]
Lease intangibles	4,758,792	4,813,951
Accumulated amortization	(2,625,251)	(2,517,759)
Lease intangibles, net	2,133,541	2,296,192
Above Market Leases [Member]
Finite Lived Intangible Assets [Line Items]
Lease intangibles	2,124,360	2,124,360
Accumulated amortization	(1,617,169)	(1,586,328)
Lease intangibles, net	$ 507,191	$ 538,032

Lease Intangibles - Additional

Lease Intangibles - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Finite Lived Intangible Assets [Line Items]
Below-market leases, net	$ 1,612,631	$ 1,698,086
Weighted average [Member]
Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	3 years 10 months 24 days

Lease Intangibles (Amortization

Lease Intangibles (Amortization Expense for the Company Lease Intangible Assets) (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Nine months remaining in 2017	$ 1,198,271
2,018	1,380,667
2,019	1,127,224
2,020	895,185
2,021	585,710
Thereafter	224,916
Lease intangibles, net	$ 5,411,973	$ 5,866,534

Other Assets (Details)

Other Assets (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Other Assets [Line Items]
Raw land	$ 49,767,558	$ 51,274,462
Other intangibles, net	435,407	455,632
Total other assets	5,301,862	5,745,982
Other Assets [Member]
Other Assets [Line Items]
Deferred rent receivable	2,973,710	2,950,034
Raw land	900,000	900,000
Prepaid expenses, deposits and other	385,740	564,983
Notes receivable	316,374	316,374
Accounts receivable, net	$ 290,631	$ 558,959

Mortgage Notes Payable (Details

Mortgage Notes Payable (Details) - USD ($)		3 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Mortgage notes payable		$ 157,598,856	$ 160,828,604
Unamortized loan costs		(1,861,624)	(1,942,493)
Mortgage notes payable, net		155,737,232	158,886,111
Bismarck Office Building [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[1]	$ 4,134,066	4,158,998
Fixed interest rate on mortgage (in hundredths)	[1],[2]	4.02%
Maturity date	[1]	Aug. 1, 2037
Rangewood Medical Office Building [Member]
Debt Instrument [Line Items]
Mortgage notes payable			958,106
Fixed interest rate on mortgage (in hundredths)	[2]	4.95%
Maturity date		Jan. 1, 2019
Regatta Square [Member]
Debt Instrument [Line Items]
Mortgage notes payable			1,150,566
Fixed interest rate on mortgage (in hundredths)	[2]	4.95%
Maturity date		Jan. 1, 2019
Port of San Diego Complex [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 9,784,379	9,852,456
Fixed interest rate on mortgage (in hundredths)	[2]	4.75%
Maturity date		Mar. 5, 2020
Garden Gateway Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,582,178	6,626,739
Fixed interest rate on mortgage (in hundredths)	[2]	5.00%
Maturity date		Feb. 5, 2020
West Fargo Industrial [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 4,416,939	4,434,655
Fixed interest rate on mortgage (in hundredths)	[2]	4.79%
Maturity date		Aug. 4, 2020
Morena Office Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[3]	$ 3,915,901	2,224,839
Fixed interest rate on mortgage (in hundredths)	[2],[3]	4.50%
Maturity date	[3]	Jan. 1, 2021
Waterman Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 1,501,031	3,939,037
Fixed interest rate on mortgage (in hundredths)	[2]	4.25%
Maturity date		Apr. 29, 2021
Pacific Oaks Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[4]	$ 2,207,467	1,512,640
Fixed interest rate on mortgage (in hundredths)	[2],[4]	4.50%
Maturity date	[4]	Jun. 1, 2021
Shoreline Medical Building [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[3]	$ 3,569,270	3,602,238
Fixed interest rate on mortgage (in hundredths)	[2],[3]	5.10%
Maturity date	[3]	Jun. 1, 2022
Highland Court [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,796,373	6,829,348
Fixed interest rate on mortgage (in hundredths)	[2]	3.82%
Maturity date		Sep. 1, 2022
Dakota Bank Buildings [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 10,630,765	10,677,761
Fixed interest rate on mortgage (in hundredths)	[2]	4.74%
Maturity date		Jul. 6, 2024
Union Terrace [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,532,066	6,558,704
Fixed interest rate on mortgage (in hundredths)	[2]	4.50%
Maturity date		Sep. 5, 2024
The Presidio [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,000,000	6,000,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.54%
Maturity date		Dec. 1, 2021
Research Parkway [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 1,944,542	1,956,154
Fixed interest rate on mortgage (in hundredths)	[2]	3.94%
Maturity date		Jan. 5, 2025
Centennial Tech Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 10,034,159	10,077,242
Fixed interest rate on mortgage (in hundredths)	[2]	4.34%
Maturity date		Nov. 5, 2024
Arapahoe Service Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 8,465,309	8,500,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.34%
Maturity date		Jan. 5, 2025
Union Town Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 8,440,000	8,440,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.28%
Maturity date		Jan. 5, 2025
Yucca Valley Retail Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,000,000	6,000,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.30%
Maturity date		Apr. 11, 2025
Executive Office Park [Member]
Debt Instrument [Line Items]
Mortgage notes payable	[5]	$ 4,211,275	4,231,842
Fixed interest rate on mortgage (in hundredths)	[2],[5]	5.80%
Maturity date	[5]	Jul. 1, 2025
Genesis Plaza [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,500,000	6,610,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.65%
Maturity date		Aug. 25, 2025
One Parke Center [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 6,610,000	6,500,000
Fixed interest rate on mortgage (in hundredths)	[2]	4.77%
Maturity date		Sep. 5, 2025
Shea Center II [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 17,727,500	17,727,500
Fixed interest rate on mortgage (in hundredths)	[2]	4.92%
Maturity date		Jan. 5, 2026
NetREIT, Inc. Properties [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 136,003,220	138,568,825
Fixed interest rate on mortgage (in hundredths)	[2]	4.71%
Model Home Properties [Member]
Debt Instrument [Line Items]
Mortgage notes payable		$ 21,595,636	$ 22,259,779
Model Home Properties [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredths)		3.80%
Maturity date	[6]	Jan. 1, 2017
Model Home Properties [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredths)		5.50%
Maturity date	[6]	Jan. 1, 2020
[1]	Interest rate is subject to reset on September 1, 2023 and on September 1, 2030.
[2]	Interest rates as of March 31, 2017.
[3]	Interest rate is subject to resetting on the 6th loan anniversary.
[4]	Interest rate is subject to reset on April 28, 2017.
[5]	Interest rate is subject to reset on July 1, 2018
[6]	Each Model Home has a stand-alone mortgage note at interest rates ranging from 3.8% to 5.5% per annum (at March 31, 2017).

Mortgage Notes Payable (Parenth

Mortgage Notes Payable (Parenthetical) (Details)	3 Months Ended
	Mar. 31, 2017
Morena Office Center [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate Terms	Interest rate is subject to resetting on the 6th loan anniversary.
Fixed interest rate on mortgage (in hundredth)	4.50%	[1],[2]
Shoreline Medical Building [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate Terms	Interest rate is subject to resetting on the 6th loan anniversary.
Fixed interest rate on mortgage (in hundredth)	5.10%	[1],[2]
Executive Office Park [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate Terms	Interest rate is subject to reset on July 1, 2018
Fixed interest rate on mortgage (in hundredth)	5.80%	[2],[3]
Pacific Oaks Plaza [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate Terms	Interest rate is subject to reset on April 28, 2017
Fixed interest rate on mortgage (in hundredth)	4.50%	[2],[4]
Model Home Properties [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredth)	3.80%
Model Home Properties [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fixed interest rate on mortgage (in hundredth)	5.50%
Bismarck Office Building [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate Terms	Interest rate is subject to reset on September 1, 2023 and on September 1, 2030.
Fixed interest rate on mortgage (in hundredth)	4.02%	[2],[5]
[1]	Interest rate is subject to resetting on the 6th loan anniversary.
[2]	Interest rates as of March 31, 2017.
[3]	Interest rate is subject to reset on July 1, 2018
[4]	Interest rate is subject to reset on April 28, 2017.
[5]	Interest rate is subject to reset on September 1, 2023 and on September 1, 2030.

Mortgage Notes Payable (Schedul

Mortgage Notes Payable (Scheduled Principal Payments of Mortgage Notes Payable) (Details)	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Nine months remaining in 2017	$ 2,431,504
2,018	3,671,720
2,019	14,922,307
2,020	27,648,324
2,021	14,614,449
Thereafter	94,310,552
Total	157,598,856
NetREIT Inc [Member]
Debt Instrument [Line Items]
Nine months remaining in 2017	1,377,063
2,018	2,034,620
2,019	2,395,177
2,020	21,271,359
2,021	14,614,449
Thereafter	94,310,552
Total	136,003,220
Model Home [Member]
Debt Instrument [Line Items]
Nine months remaining in 2017	1,054,441
2,018	1,637,100
2,019	12,527,130
2,020	6,376,965
Total	$ 21,595,636

Series B Mandatorily Redeemab36

Series B Mandatorily Redeemable Preferred Stock (Details) - USD ($)	1 Months Ended			3 Months Ended		12 Months Ended
	Aug. 31, 2016	Jul. 31, 2016	Jun. 30, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Interest expense				$ 3,316,196	$ 3,388,602
Preferred stock, redemption date				Aug. 1, 2017
Scheduled payments due in 2017				$ 31,700,000
Redemption date at a cost of per extension				0.05%
Redeemable Convertible Preferred Stock Series B [Member]
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Preferred stock shares issued (in shares)				31,700		32,700	35,000
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%
Deferred financing costs				$ 3,100,000
Interest expense				254,000	$ 254,000
Total unamortized deferred stock costs				$ 338,000		$ 592,000
Number of shares redeemed	1,000	1,000	300	1,000
Number of shares redeemed, value				$ 1,000,000		$ 2,300,000
Preferred stock shares outstanding (in shares)				31,700		32,700

Stockholders' Equity (Common an

Stockholders' Equity (Common and Preferred Stock) (Details)	3 Months Ended	63 Months Ended
	Mar. 31, 2017Vote$ / sharesshares	Dec. 31, 2011$ / sharesshares	Dec. 31, 2016$ / sharesshares
Private Placement [Member]
Common Stock [Abstract]
Sale of Stock, Number of Shares Issued in Transaction		20,000,000
Sale of Stock, Price Per Share | $ / shares		$ 10
Preferred Stock [Member]
Preferred Stock [Abstract]
Preferred shares authorized (in shares)	8,990,000
Preferred shares issued (in shares)	0
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) | $ / shares	$ 0.01		$ 0.01
Common stock shares issued (in shares)	17,560,083		17,202,228
Number of votes holder is entitled to | Vote	1
Maximum individual common stock ownership (in hundredths)	9.80%
Common Class B [Member]
Common Stock [Abstract]
Common stock, shares authorized (in shares)	1,000
Par value (in dollars per share) | $ / shares	$ 0.01
Common stock shares issued (in shares)	0
Number of votes holder is entitled to | Vote	1
Maximum individual common stock ownership (in hundredths)	9.80%

Stockholders' Equity (Dividends

Stockholders' Equity (Dividends) (Details) - USD ($)	Jan. 23, 2012	Mar. 31, 2017	Mar. 31, 2016
Cash Dividends [Abstract]
Cash dividends paid, net of reinvested stock dividends		$ 1,172,000	$ 1,065,000
Annualized dividend rate (in dollars per share)		$ 0.40
Dividend Reinvestment Plan [Abstract]
Registered shares of common stock pursuant to dividend reinvestment plan (in shares)	3,000,000
Percentage of purchase price per share (in hundredths)	95.00%
Former sales price per share (in dollars per share)	$ 9.50
Payment of sales commission or dealer manager fee	$ 0
Notice period for amendments to Dividend Reinvestment Plan		30 days
Common stock issued under dividend reinvestment plan		$ 16,900,000
Common stock issued under dividend reinvestment plan (in shares)		1,777,469

Related Party Transaction (Narr

Related Party Transaction (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Pacific Oaks Plaza [Member] | Chairman and Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Rent revenue from an entity 100% owned by the Company's Chairman and Chief Executive Officer	$ 7,000	$ 7,000

Segments (Net Operating Income

Segments (Net Operating Income by Segment) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net Operating Income [Abstract]
Rental income	$ 8,014,633	$ 8,251,068
Property and related expenses	(2,637,103)	(2,473,351)
Net operating income, as defined	5,609,424	5,984,223
General and administrative expenses	(1,257,211)	(1,230,411)
Depreciation and amortization	(2,503,516)	(2,659,531)
Interest expense	(3,316,196)	(3,388,602)
Interest income	9,268	21,739
Income tax expense	(27,416)	(68,548)
Gain on sale of real estate	541,462	175,486
Net Loss	(944,185)	(1,165,644)
Industrial Office Properties [Member]
Net Operating Income [Abstract]
Rental income	6,289,692	7,019,176
Property and related expenses	(2,218,518)	(2,232,590)
Net operating income, as defined	4,071,174	4,786,586
Residential Properties [Member]
Net Operating Income [Abstract]
Rental income	830,231	388,400
Property and related expenses	(38,956)	(17,704)
Net operating income, as defined	791,275	370,696
Retail Properties [Member]
Net Operating Income [Abstract]
Rental income	1,126,604	1,049,998
Property and related expenses	(379,629)	(223,057)
Net operating income, as defined	$ 746,975	$ 826,941

Segments (Assets) (Details)

Segments (Assets) (Details) - USD ($)		Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Segment Reporting Asset Reconciling Item [Line Items]
Land, buildings and improvements, net		$ 238,521,798	$ 246,969,993
Cash and cash equivalents		4,534,501	3,116,147	$ 5,371,721	$ 6,626,423
Other assets, net		5,301,862	5,745,982
TOTAL ASSETS		251,980,421	257,999,077
Significant Reconciling Items [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Other assets, net		8,924,122	7,912,937
Industrial Office Properties [Member] | Operating Segments [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	169,196,732	172,309,537
TOTAL ASSETS	[2]	171,270,735	175,689,722
Residential Properties [Member] | Operating Segments [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	33,834,310	34,813,680
TOTAL ASSETS	[2]	34,346,130	35,960,179
Retail Properties [Member] | Operating Segments [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Land, buildings and improvements, net	[1]	31,340,544	33,398,992
TOTAL ASSETS	[2]	$ 32,904,933	$ 35,320,092
[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.

Segments (Capital Expenditures)

Segments (Capital Expenditures) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Acquisition of operating properties, net		$ 7,399,545
Capital expenditures and tenant improvements	$ 963,445	749,992
Total real estate investments	963,445	8,149,537
Industrial Office Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Capital expenditures and tenant improvements	927,668	748,800
Residential Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Acquisition of operating properties, net		7,399,545
Retail Properties [Member]
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Abstract]
Capital expenditures and tenant improvements	$ 35,777	$ 1,192

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	May 08, 2017	Apr. 07, 2017	Aug. 31, 2016	Jul. 31, 2016	Jun. 30, 2016	Mar. 31, 2017	Dec. 31, 2016	May 11, 2017
Redeemable Convertible Preferred Stock Series B [Member]
Subsequent Event [Line Items]
Number of shares redeemed			1,000	1,000	300	1,000
Value of shares redeemed						$ 1,000,000	$ 2,300,000
Preferred stock shares outstanding (in shares)						31,700	32,700
Subsequent Event [Member] | Redeemable Convertible Preferred Stock Series B [Member]
Subsequent Event [Line Items]
Number of shares redeemed	1,000
Value of shares redeemed	$ 1,000,000
Preferred stock shares outstanding (in shares)								30,700
Subsequent Event [Member] | Shoreline Medical Building [Member]
Subsequent Event [Line Items]
Proceeds from sale of property		$ 8,200,000
Mortgage note payable retired		$ 3,600,000