-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 04ksugrEFo4+bZCiiB5WJg==

<SEC-DOCUMENT>0001209191-09-040460.txt : 20090813
<SEC-HEADER>0001209191-09-040460.hdr.sgml : 20090813
<ACCEPTANCE-DATETIME>20090813132427
ACCESSION NUMBER:		0001209191-09-040460
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090813
DATE AS OF CHANGE:		20090813
EFFECTIVENESS DATE:		20090813

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETREIT
		CENTRAL INDEX KEY:			0001080657
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				330841255
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-81315
		FILM NUMBER:		091009598

	BUSINESS ADDRESS:	
		STREET 1:		1282 PACIFIC OAKS PLACE
		CITY:			ESCONDIDO
		STATE:			CA
		ZIP:			92029-2900
		BUSINESS PHONE:		760-471-8536

	MAIL ADDRESS:	
		STREET 1:		1282 PACIFIC OAKS PLACE
		CITY:			ESCONDIDO
		STATE:			CA
		ZIP:			92029-2900
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001080657</cik>
        <entityName>NETREIT</entityName>
        <issuerAddress>
            <street1>1282 Pacific Oaks Place</street1>
            <street2></street2>
            <city>Escondido</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>92029</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(760) 471-8536</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>CALIFORNIA</jurisdictionOfInc>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jack</firstName>
                <middleName>Kendrick</middleName>
                <lastName>Heilbron</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <street2></street2>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kenneth</firstName>
                <middleName>Wayne</middleName>
                <lastName>Elsberry</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <street2></street2>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Larry</firstName>
                <middleName>Gene</middleName>
                <lastName>Dubose</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <street2></street2>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Sumner</firstName>
                <middleName>James</middleName>
                <lastName>Rollings</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <street2></street2>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>Edward</middleName>
                <lastName>Schwartz</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <street2></street2>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bruce</firstName>
                <middleName>Atwater</middleName>
                <lastName>Staller</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <street2></street2>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>Gene</middleName>
                <lastName>Bruen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <street2></street2>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>REITS and Finance</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$5,000,001 - $25,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-07-047160</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-10-15</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>20000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Alternative Wealth Strategies, Inc.</associatedBDName>
                <associatedBDCRDNumber>130933</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1040 N. Kings Hwy., Suite 302</street1>
                    <street2></street2>
                    <city>Cherry Hill</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <zipCode>08034</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NJ</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Bennett Ross, Inc.</associatedBDName>
                <associatedBDCRDNumber>42850</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>200 Crescent Court, Suite 1801</street1>
                    <street2></street2>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75201</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Berthel, Fisher &amp; Company Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>13609</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>701 Tama Street, Bldg. B</street1>
                    <street2></street2>
                    <city>Marian</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <zipCode>52302</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Calton &amp; Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>20999</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>14497 N. Dale Mabry Hwy.</street1>
                    <street2></street2>
                    <city>Tampa</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <zipCode>33618</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Cape Securities</associatedBDName>
                <associatedBDCRDNumber>7072</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2005 Pennsylvania Avenue</street1>
                    <street2></street2>
                    <city>McDonough</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <zipCode>30253</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>AZ</state>
                    <state>AR</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>ID</state>
                    <state>IL</state>
                    <state>IN</state>
                    <state>IA</state>
                    <state>KS</state>
                    <state>KY</state>
                    <state>LA</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>MS</state>
                    <state>MO</state>
                    <state>MT</state>
                    <state>NE</state>
                    <state>NV</state>
                    <state>NJ</state>
                    <state>NM</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>ND</state>
                    <state>OK</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>SD</state>
                    <state>TN</state>
                    <state>TX</state>
                    <state>UT</state>
                    <state>VA</state>
                    <state>WA</state>
                    <state>WI</state>
                    <state>WY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Capital Growth Resources</associatedBDName>
                <associatedBDCRDNumber>7779</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>P.O. Box 69</street1>
                    <street2></street2>
                    <city>El Cajon</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92022</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Capwest Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>30002</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3900 S. Wadsworth Blvd., Suite 590</street1>
                    <street2></street2>
                    <city>Lakewood</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <zipCode>80235</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Centaurus Financial, Inc.</associatedBDName>
                <associatedBDCRDNumber>30833</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>333 City Blvd. West, Suite 2010</street1>
                    <street2></street2>
                    <city>Orange</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92868</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Chester Harris &amp; Company, Inc.</associatedBDName>
                <associatedBDCRDNumber>7116</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>222 Mamaroneck Avenue</street1>
                    <street2></street2>
                    <city>White Plains</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10605</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Crown Capital Securities, L.P.</associatedBDName>
                <associatedBDCRDNumber>6312</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>725 Town &amp; Country Road, Suite 530</street1>
                    <street2></street2>
                    <city>Orange</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92868</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>David Harris &amp; Co., Inc.</associatedBDName>
                <associatedBDCRDNumber>45670</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>222 Mamaroneck Avenue</street1>
                    <street2></street2>
                    <city>White Plains</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <zipCode>10605</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Direct Capital Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>29639</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1250 S. Capital of Texas Hwy.</street1>
                    <street2>Bldg. 1, Ste. 410</street2>
                    <city>Austin</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>78746</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Empire Securities Corp.</associatedBDName>
                <associatedBDCRDNumber>2826</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>10 Universal City Plaza, 20th Floor</street1>
                    <street2></street2>
                    <city>Universal City</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>91608</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Financial Advisors of America, LLC</associatedBDName>
                <associatedBDCRDNumber>142170</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1930 Palomar Point Way, Suite 104</street1>
                    <street2></street2>
                    <city>Carlsbad</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92008</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Girard Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>18697</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>9560 Waples Street, Suite B</street1>
                    <street2></street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92121</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Grant Bettingen, Inc</associatedBDName>
                <associatedBDCRDNumber>16944</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4100 Newport Place, #630</street1>
                    <street2></street2>
                    <city>Newport Beach</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92660</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Harrison Douglas, Inc.</associatedBDName>
                <associatedBDCRDNumber>16515</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3025 S. Parker Road #801</street1>
                    <street2></street2>
                    <city>Aurora</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <zipCode>80014</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>IMS Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>35567</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1500 Citywest Blvd., Suite 500</street1>
                    <street2></street2>
                    <city>Houston</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>77042</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Lowell &amp; Co., Inc.</associatedBDName>
                <associatedBDCRDNumber>24913</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1500 Broadway, Suite 1208</street1>
                    <street2></street2>
                    <city>Lubbock</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>79401</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>MCL Financial Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>41180</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1869 W. Littleton Blvd.</street1>
                    <street2></street2>
                    <city>Littleton</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <zipCode>80120</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Okoboji Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>33727</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1019 Highway 71 South</street1>
                    <street2></street2>
                    <city>Okoboji</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <zipCode>51355</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Omni Brokerage, Inc.</associatedBDName>
                <associatedBDCRDNumber>16878</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>150 W. Civic Center Dr., Suite 103</street1>
                    <street2></street2>
                    <city>Sandy</city>
                    <stateOrCountry>UT</stateOrCountry>
                    <zipCode>84070</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Private Asset Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>142541</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3070 Bristol Street, Suite 500</street1>
                    <street2></street2>
                    <city>Costa Mesa</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>92626</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Sammons Securities Company, LLC</associatedBDName>
                <associatedBDCRDNumber>115368</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4261 Park Road</street1>
                    <street2></street2>
                    <city>Ann Arbor</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <zipCode>48103</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Sigma Financial Corporation</associatedBDName>
                <associatedBDCRDNumber>14303</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4261 Park Road</street1>
                    <street2></street2>
                    <city>Ann Arbor</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <zipCode>48103</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Sunset Financial Sercices, Inc.</associatedBDName>
                <associatedBDCRDNumber>3538</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3520 Broadway</street1>
                    <street2></street2>
                    <city>Kansas City</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <zipCode>64111</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MO</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>VSR Financial Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>14503</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8620 W. 110th Street, Suite 200</street1>
                    <street2></street2>
                    <city>Overland Park</city>
                    <stateOrCountry>KS</stateOrCountry>
                    <zipCode>66210</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Waterford Investor Services, Inc.</associatedBDName>
                <associatedBDCRDNumber>46227</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1201 S. Highland Avenue, Suite 2</street1>
                    <street2></street2>
                    <city>Clearwater</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <zipCode>33756</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Wilbanks Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>40673</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4334 NW Expressway, Suite 222</street1>
                    <street2></street2>
                    <city>Oklahoma City</city>
                    <stateOrCountry>OK</stateOrCountry>
                    <zipCode>73116</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>AK</state>
                    <state>AZ</state>
                    <state>AR</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DE</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>HI</state>
                    <state>IL</state>
                    <state>IN</state>
                    <state>KS</state>
                    <state>KY</state>
                    <state>LA</state>
                    <state>ME</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MN</state>
                    <state>MS</state>
                    <state>MO</state>
                    <state>MT</state>
                    <state>NE</state>
                    <state>NV</state>
                    <state>NH</state>
                    <state>NJ</state>
                    <state>NM</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>OK</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>RI</state>
                    <state>SC</state>
                    <state>TN</state>
                    <state>TX</state>
                    <state>UT</state>
                    <state>VT</state>
                    <state>VA</state>
                    <state>WA</state>
                    <state>WV</state>
                    <state>WI</state>
                    <state>WY</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Williams Financial Group Investments, Inc.</associatedBDName>
                <associatedBDCRDNumber>22704</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12221 Merit Drive, Suite 300</street1>
                    <street2></street2>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <zipCode>75251</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Workman Securities Corporation</associatedBDName>
                <associatedBDCRDNumber>31898</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6500 City West Pkwy. #350</street1>
                    <street2></street2>
                    <city>Eden Prairie</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <zipCode>55344</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>200000000</totalOfferingAmount>
            <totalAmountSold>46100000</totalAmountSold>
            <totalRemaining>153900000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>2</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1515</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>16000000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>NetREIT</issuerName>
                <signatureName>/s/ Jack K. Heilbron</signatureName>
                <nameOfSigner>Jack K. Heilbron</nameOfSigner>
                <signatureTitle>Chairman and CEO</signatureTitle>
                <signatureDate>2009-08-11</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
