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<SEC-DOCUMENT>0000950123-10-053326.txt : 20100527
<SEC-HEADER>0000950123-10-053326.hdr.sgml : 20100527
<ACCEPTANCE-DATETIME>20100526180032
ACCESSION NUMBER:		0000950123-10-053326
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100521
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20100527
DATE AS OF CHANGE:		20100526

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53673
		FILM NUMBER:		10860497

	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>8-K
<SEQUENCE>1
<FILENAME>c01756e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
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<DIV style="font-size: 10pt">
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<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): May 21, 2010</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>NetREIT<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>CALIFORNIA</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-53673</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>33-0841255</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>1282 Pacific Oaks Place<BR>Escondido, California <BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>92029</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(760) 471-8536</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="justify" style="font-size: 10pt"><B>Item&nbsp;8.01 Event Registrant Deems Important to Security Holder</B>


<P align="justify" style="font-size: 10pt">NetREIT (the &#147;Company&#148;) announced at its Annual Meeting of Shareholders&nbsp;(the &#147;Annual Meeting&#148;), held at 9a.m. on May
21, 2010 at the Company&#146;s executive offices, located at&nbsp;1282 Pacific Oaks Place in&nbsp;Escondido, California, that
the&nbsp;Annual Meeting was adjourned with respect to&nbsp;the following Proposal and Sub-Proposals&nbsp;contained in the Company&#146;s
Proxy Statement&nbsp; for the Annual Meeting (&#147;Proxy Statement&#148;):&nbsp;(i) Proposal 2, a proposal to&nbsp;approve a change in the
Company&#146;s state of incorporation from California to Maryland by means of merger of the Company with and into a newly
formed, wholly owned Maryland subsidiary (the &#147;Reincorporation Merger&#148;), and (ii)&nbsp;Sub-Proposals 3A, 3E and 3I, which
are proposals to adopt, as part of the Reincorporation Merger,&nbsp;certain provisions of the proposed articles of
incorporation (&#147;Charter&#148;) and bylaws of the Company (&#147;Bylaws&#148;) under the Maryland General Corporation&nbsp;Law that would
become effective upon consummation of the Reincorporation Merger.


<P align="justify" style="font-size: 10pt">At the Annual Meeting, (i)&nbsp;the directors&nbsp;nominated for election pursuant to Proposal 1 of the&nbsp;Proxy&nbsp;Statement were
elected for another term; (ii)&nbsp;Sub-Proposals 3B, 3C, 3D, 3F, 3G, 3H, 3J and 3K, seeking approval of certain terms of
the Charter and Bylaws that would become effective upon consummation of the Reincorporation Merger, were passed; and
(iii)&nbsp;Proposal 4, seeking&nbsp;ratification of the selection of Squar, Milner, Peterson, Miranda &#038; Williamson, LLP as the
Company&#146;s independent registered public accounting firm for the fiscal year ended December&nbsp;31, 2010, was passed.&nbsp;&nbsp;In
addition, the shareholders present at the Annual Meeting, either in person or via proxy, approved&nbsp;Proposal 5, which
allowed for adjournment of the Annual Meeting as deemed necessary by the Company to solicit further votes.


<P align="justify" style="font-size: 10pt">The&nbsp;Annual Meeting has been adjourned with respect to Proposal&nbsp;2 and Sub-Proposals 3A, 3E and 3I&nbsp;until&nbsp;9:00&nbsp;a.m.,
Pacific Time, on Friday, May&nbsp;28, 2010, to allow the Company more time to solicit the vote of the holders of Series&nbsp;AA
Preferred Stock of the Company.&nbsp; The adjourned Annual Meeting will recommence at&nbsp;the Company&#146;s executive&nbsp;offices
located at&nbsp;1282 Pacific Oaks Place, in&nbsp;Escondido, California, and at&nbsp;that meeting, a&nbsp;shareholder vote to
approve&nbsp;Proposal 2 and Sub-Proposals 3A, 3E and 3I will take place.


<P align="justify" style="font-size: 10pt">As of&nbsp;May&nbsp;21, 2010, approximately&nbsp;6,251,258&nbsp;million of the 10,746,555&nbsp;million outstanding commons shares have been
voted,&nbsp; and approximately&nbsp;13,800 thousand of the 50,200 thousand outstanding Series&nbsp;AA shares have been voted.&nbsp;


<P align="justify" style="font-size: 10pt">The Company has filed the Proxy Statement with the Securities and Exchange Commission (the &#147;SEC&#148;). Shareholders are
urged to read the&nbsp;Proxy&nbsp;Statement and other relevant documents filed with the SEC.


<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.


<P align="justify" style="font-size: 10pt; margin-left: 48%; font-size: 10pt">NetREIT


<P align="justify" style="font-size: 10pt">Date: May&nbsp;21, 2010


<P align="justify" style="font-size: 10pt; margin-left: 48%; font-size: 10pt; margin-top: -11pt">By: <U><I>/s/ Kenneth
Elsberry</I></U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<br>
Name: Kenneth Elsberry<br>
Title: Chief Financial Officer







<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2




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