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Subsequent Events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

8. SUBSEQUENT EVENTS

 

In April 2012, NetREIT Dubose and the 201 Partnership completed a transaction for the purchase and lease back of 19 model home properties. The aggregate purchase price was approximately $8.2 million, paid in cash of approximately $3.7 and new mortgage notes payable of approximately $4.5 million. The homes are located in California and Arizona.

 

In May 2012, the Company raised $4.2 million through the financing of the Morena Office Building and the Pacific Oaks Plaza under two separate mortgage notes. The notes bear interest at 4.5%, with payments aggregating approximately $23,345, amortized over 25 years and maturing in 9 years.