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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001209191-10-042546.txt : 20100813
<SEC-HEADER>0001209191-10-042546.hdr.sgml : 20100813
<ACCEPTANCE-DATETIME>20100813151557
ACCESSION NUMBER:		0001209191-10-042546
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100813
DATE AS OF CHANGE:		20100813
EFFECTIVENESS DATE:		20100813

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/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-81315
		FILM NUMBER:		101015017

	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/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>1080657</cik>
        <entityName>NETREIT</entityName>
        <issuerAddress>
            <street1>NetREIT, Inc.</street1>
            <street2>1282 Pacific Oaks Place</street2>
            <city>Escondido</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>92029</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>760-471-8536</issuerPhoneNumber>
        <jurisdictionOfInc>CALIFORNIA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>NetREIT</previousName>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <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>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kenneth</firstName>
                <middleName>Wayne</middleName>
                <lastName>Elsberry</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>Henry</middleName>
                <lastName>Allen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1282 Pacific Oaks Place</street1>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <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>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92029</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <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>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <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>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <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>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <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>
                <city>Escondido</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <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>0001209191-09-040460</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 Highway, Suite 302</street1>
                    <city>Cherry Hill</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>08034</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Lew Newton</recipientName>
                <recipientCRDNumber>2040901</recipientCRDNumber>
                <associatedBDName>American Equity Investment Corp.</associatedBDName>
                <associatedBDCRDNumber>40199</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3834 Taylorsville Rd., Suite B1</street1>
                    <city>Louisville</city>
                    <stateOrCountry>KY</stateOrCountry>
                    <stateOrCountryDescription>KENTUCKY</stateOrCountryDescription>
                    <zipCode>40220</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Anthony Kulhanek</recipientName>
                <recipientCRDNumber>1977093</recipientCRDNumber>
                <associatedBDName>Bennett Ross, Inc.</associatedBDName>
                <associatedBDCRDNumber>42850</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>200 Crescent Court, Suite 1801</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>75201</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Berthel Fisher &amp; Co.</associatedBDName>
                <associatedBDCRDNumber>13609</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>701 Tama Street, Bldg. B</street1>
                    <city>Marion</city>
                    <stateOrCountry>IA</stateOrCountry>
                    <stateOrCountryDescription>IOWA</stateOrCountryDescription>
                    <zipCode>52302</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Jamie Ellis</recipientName>
                <recipientCRDNumber>2246996</recipientCRDNumber>
                <associatedBDName>Calton &amp; Associates, Inc.</associatedBDName>
                <associatedBDCRDNumber>20999</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8353 Depew Way</street1>
                    <city>Arvada</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80003</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Cape Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>7072</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2005 Pennsylvania Ave.</street1>
                    <city>McDonough</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                    <zipCode>30253</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>WY</state>
                    <description>WYOMING</description>
                    <state>PR</state>
                    <description>PUERTO RICO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Jerry Adams</recipientName>
                <recipientCRDNumber>822763</recipientCRDNumber>
                <associatedBDName>Capital Growth Resources</associatedBDName>
                <associatedBDCRDNumber>7779</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3405 Harvard Avenue, Suite 1110</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>75205</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </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>
                    <city>Lakewood</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80235</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                </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>
                    <city>Orange</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92868</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Chester Harris</recipientName>
                <recipientCRDNumber>500745</recipientCRDNumber>
                <associatedBDName>Chester Harris &amp; Co.</associatedBDName>
                <associatedBDCRDNumber>7116</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>222 Mamaroneck Avenue</street1>
                    <city>White Plains</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10605</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>David Harris</recipientName>
                <recipientCRDNumber>500413</recipientCRDNumber>
                <associatedBDName>Chester Harris &amp; Co.</associatedBDName>
                <associatedBDCRDNumber>7116</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>222 Mamaroneck Avenue</street1>
                    <city>White Plains</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10605</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </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>
                    <city>Orange</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92868</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>David Harris</recipientName>
                <recipientCRDNumber>500413</recipientCRDNumber>
                <associatedBDName>David Harris &amp; Co.</associatedBDName>
                <associatedBDCRDNumber>45670</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>222 Mamaroneck Avenue</street1>
                    <city>White Plains</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10605</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Chester Harris</recipientName>
                <recipientCRDNumber>500745</recipientCRDNumber>
                <associatedBDName>David Harris &amp; Co.</associatedBDName>
                <associatedBDCRDNumber>45670</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>222 Mamaroneck Avenue</street1>
                    <city>White Plains</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10605</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Direct Capital Securities</associatedBDName>
                <associatedBDCRDNumber>29639</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1250 S. Capital of Texas Hwy.</street1>
                    <street2>Bldg. 1, Suite 410</street2>
                    <city>Austin</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>78746</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>EDI Financial Inc.</associatedBDName>
                <associatedBDCRDNumber>15699</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12221 Merit Drive, Suite 1020</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>75251</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </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>
                    <city>Carlsbad</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92008</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>RI</state>
                    <description>RHODE ISLAND</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>WY</state>
                    <description>WYOMING</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Fortune Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>40821</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>388 E. Valley Blvd., Suite 208</street1>
                    <city>Alhambra</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>91801</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Henry Kochan</recipientName>
                <recipientCRDNumber>1622084</recipientCRDNumber>
                <associatedBDName>Girard Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>18697</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>5 Cold Hill Road, Suite 11</street1>
                    <city>Mendham</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07945</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Richard Woollen</recipientName>
                <recipientCRDNumber>1342719</recipientCRDNumber>
                <associatedBDName>Harrison Douglas, Inc.</associatedBDName>
                <associatedBDCRDNumber>16515</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4301 Belknap Road</street1>
                    <city>Charlotte</city>
                    <stateOrCountry>NC</stateOrCountry>
                    <stateOrCountryDescription>NORTH CAROLINA</stateOrCountryDescription>
                    <zipCode>28211</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>WY</state>
                    <description>WYOMING</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>IMS Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>35567</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>West 8 Tower</street1>
                    <street2>10205 Westheimer, Suite 500</street2>
                    <city>Houston</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>77042</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Douglas Shaner</recipientName>
                <recipientCRDNumber>1699415</recipientCRDNumber>
                <associatedBDName>Independent Financial Group, LLC</associatedBDName>
                <associatedBDCRDNumber>7717</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>24501 Del Prado, Suite D</street1>
                    <city>Dana Point</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92629</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Zoltan Posa</recipientName>
                <recipientCRDNumber>4277093</recipientCRDNumber>
                <associatedBDName>Independent Financial Group, LLC</associatedBDName>
                <associatedBDCRDNumber>7717</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>41-750 Rancho Las Palmas Rd., Bldg. G</street1>
                    <city>Rancho Mirage</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92270</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>William Lowell</recipientName>
                <recipientCRDNumber>1158722</recipientCRDNumber>
                <associatedBDName>Lowell and Co., Inc.</associatedBDName>
                <associatedBDCRDNumber>24913</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4021 84th St., Suite 100</street1>
                    <city>Lubbock</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>79423</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>TX</state>
                    <description>TEXAS</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Terry Gertge</recipientName>
                <recipientCRDNumber>2956582</recipientCRDNumber>
                <associatedBDName>MCL Financial Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>41180</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1869 W. Littleton Blvd.</street1>
                    <city>Littleton</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80120</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>R. William Manning</recipientName>
                <recipientCRDNumber>4493368</recipientCRDNumber>
                <associatedBDName>MCL Financial Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>41180</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>32065 Castle Court, Suite 300</street1>
                    <city>Evergreen</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80439</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Gene Walter</recipientName>
                <recipientCRDNumber>851987</recipientCRDNumber>
                <associatedBDName>MCL Financial Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>41180</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>11001 W. 120th Ave.</street1>
                    <city>Broomfield</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80021</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Yi-Chen Yang</recipientName>
                <recipientCRDNumber>4024717</recipientCRDNumber>
                <associatedBDName>MCL Financial Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>41180</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12600 W. Colfax Ave., Suite C-480</street1>
                    <city>Lakewood</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80215</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>David Carpinello</recipientName>
                <recipientCRDNumber>3256507</recipientCRDNumber>
                <associatedBDName>MCL Financial Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>41180</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2629 W. Main Street, Suite 120</street1>
                    <city>Littleton</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80120</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Paul Berkemper</recipientName>
                <recipientCRDNumber>2222925</recipientCRDNumber>
                <associatedBDName>National Planning Corp.</associatedBDName>
                <associatedBDCRDNumber>29604</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>10825 Watson Road, Suite 100</street1>
                    <city>St. Louis</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
                    <zipCode>63127</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MO</state>
                    <description>MISSOURI</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>John Moriarty</recipientName>
                <recipientCRDNumber>2720704</recipientCRDNumber>
                <associatedBDName>National Planning Corp.</associatedBDName>
                <associatedBDCRDNumber>29604</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1516 Parkway West</street1>
                    <city>Festus</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
                    <zipCode>63028</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MO</state>
                    <description>MISSOURI</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Newbridge Securities Corp.</associatedBDName>
                <associatedBDCRDNumber>104065</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1451 W. Cypress Creek Road, Suite 204</street1>
                    <city>Ft. Lauderdale</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33309</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>RI</state>
                    <description>RHODE ISLAND</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>WY</state>
                    <description>WYOMING</description>
                    <state>PR</state>
                    <description>PUERTO RICO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Steven Brodt</recipientName>
                <recipientCRDNumber>1757324</recipientCRDNumber>
                <associatedBDName>Newport Coast Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>16944</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>82-33 Grenfell Street</street1>
                    <city>Kew Gardens</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>11415</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Ray Kim</recipientName>
                <recipientCRDNumber>4446196</recipientCRDNumber>
                <associatedBDName>Newport Coast Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>16944</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>20241 SW Birch St., Suite 100</street1>
                    <city>Newport Beach</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92660</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Aaron Heimowitz</recipientName>
                <recipientCRDNumber>241866</recipientCRDNumber>
                <associatedBDName>Newport Coast Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>16944</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8233 Grenfell Street</street1>
                    <city>Kew Gardens</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>11415</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>James Kent, Jr.</recipientName>
                <recipientCRDNumber>2255753</recipientCRDNumber>
                <associatedBDName>Newport Coast Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>16944</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>696 1st Ave. N., Suite 200</street1>
                    <city>St. Petersburg</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33701</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Scot Barringer</recipientName>
                <recipientCRDNumber>1385168</recipientCRDNumber>
                <associatedBDName>Newport Coast Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>16944</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6053 S. Quebec Street, Suite 200</street1>
                    <city>Greenwood Village</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80111</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CO</state>
                    <description>COLORADO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Bruce Beetz</recipientName>
                <recipientCRDNumber>1527269</recipientCRDNumber>
                <associatedBDName>Oak Tree Securities</associatedBDName>
                <associatedBDCRDNumber>18126</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>PO Box 1371</street1>
                    <city>Hollister</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>95024</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </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>
                    <city>Sandy</city>
                    <stateOrCountry>UT</stateOrCountry>
                    <stateOrCountryDescription>UTAH</stateOrCountryDescription>
                    <zipCode>84070</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Private Asset Group, Inc.</associatedBDName>
                <associatedBDCRDNumber>142541</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3070 Bristol St., Suite 500</street1>
                    <city>Costa Mesa</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92626</zipCode>
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                <statesOfSolicitationList>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>UT</state>
                    <description>UTAH</description>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Ivan Norman</recipientName>
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                    <description>NEW YORK</description>
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            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Sammons Securities Co. LLC</associatedBDName>
                <associatedBDCRDNumber>115368</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4261 Park Road</street1>
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                    <stateOrCountry>MI</stateOrCountry>
                    <stateOrCountryDescription>MICHIGAN</stateOrCountryDescription>
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                </recipientAddress>
                <statesOfSolicitationList>
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                    <description>KENTUCKY</description>
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                    <description>UTAH</description>
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            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Sigma Financial Corporation</associatedBDName>
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                <recipientAddress>
                    <street1>4261 Park Road</street1>
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                </recipientAddress>
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            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
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                <recipientAddress>
                    <street1>11280 Granite Ridge Dr., Suite 1042</street1>
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                    <stateOrCountry>NV</stateOrCountry>
                    <stateOrCountryDescription>NEVADA</stateOrCountryDescription>
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            <recipient>
                <recipientName>Mark Tidwell</recipientName>
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            <recipient>
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                </statesOfSolicitationList>
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            <recipient>
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                <recipientCRDNumber>None</recipientCRDNumber>
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                    <street1>10700 Richmond Ave., Suite 252</street1>
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                    <state>AR</state>
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                <recipientName>F.J. Wainscott</recipientName>
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            <recipient>
                <recipientName>n/a</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
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                <recipientAddress>
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                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Vernon Lucas Albright</recipientName>
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                <statesOfSolicitationList>
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            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>200000000</totalOfferingAmount>
            <totalAmountSold>67000000</totalAmountSold>
            <totalRemaining>133000000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>2</numberNonAccreditedInvestors>
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        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>16000000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
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            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </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>2010-08-12</signatureDate>
            </signature>
        </signatureBlock>
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</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
