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Real Estate Assets and Lease Intangibles (Tables) | 9 Months Ended
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Sep. 30, 2013
Real Estate Assets Held for Development and Sale [Abstract] |
Real Estate Properties Owned [Table Text Block] |
3. REAL ESTATE ASSETS AND LEASE INTANGIBLES
A summary of the properties owned by the Company as of September 30, 2013 is as follows:
|  |  |  |  |  |  |  |  |  |  | Real estate
|  |  | Date |  |  |  | Square |  | Property |  | assets, net
| Property Name |  | Acquired |  | Location |  | Footage |  | Description |  | (in thousands)
| Havana/Parker Complex |  | June 2006 |  | Aurora, Colorado |  | 114,000 |  | Office |  |  | 3,580.2
| Garden Gateway Plaza |  | March 2007 |  | Colorado Springs, Colorado |  | 115,052 |  | Office |  |  | 12,189.7
| World Plaza |  | September 2007 |  | San Bernardino, California |  | 55,098 |  | Retail |  |  | 6,730.9
| Regatta Square |  | October 2007 |  | Denver, Colorado |  | 5,983 |  | Retail |  |  | 1,945.7
| Sparky’s Palm Self-Storage |  | November 2007 |  | Highland, California |  | 50,250 |  | Self-Storage |  |  | 4,404.0
| Sparky’s Joshua Self-Storage |  | December 2007 |  | Hesperia, California |  | 149,750 |  | Self-Storage |  |  | 6,858.4
| Executive Office Park |  | July 2008 |  | Colorado Springs, Colorado |  | 65,084 |  | Office |  |  | 8,433.8
| Waterman Plaza |  | August 2008 |  | San Bernardino, California |  | 21,170 |  | Retail |  |  | 6,165.6
| Pacific Oaks Plaza |  | September 2008 |  | Escondido, California |  | 16,000 |  | Office |  |  | 4,379.9
| Morena Office Center |  | January 2009 |  | San Diego, California |  | 26,784 |  | Office |  |  | 6,211.6
| Fontana Medical Plaza |  | February 2009 |  | Fontana, California |  | 10,500 |  | Office |  |  | 1,996.1
| Rangewood Medical Office Building |  | March 2009 |  | Colorado Springs, Colorado |  | 18,222 |  | Office |  |  | 2,275.3
| Sparky’s Thousand Palms Self-Storage |  | August 2009 |  | Thousand Palms, California |  | 113,126 |  | Self-Storage |  |  | 5,580.9
| Sparky’s Hesperia East Self-Storage |  | December 2009 |  | Hesperia, California |  | 72,940 |  | Self-Storage |  |  | 2,665.7
| Sparky’s Rialto Self-Storage |  | May 2010 |  | Rialto, California |  | 101,343 |  | Self-Storage |  |  | 4,810.0
| Genesis Plaza |  | August 2010 |  | San Diego, California |  | 57,685 |  | Office |  |  | 8,945.1
| Dakota Bank Buildings |  | May 2011 |  | Fargo, North Dakota |  | 119,749 |  | Office |  |  | 9,711.9
| Yucca Valley Retail Center |  | September 2011 |  | Yucca Valley, California |  | 103,596 |  | Retail |  |  | 7,248.8
| Sparky’s Sunrise Self-Storage |  | December 2011 |  | Hesperia, California |  | 93,851 |  | Self-Storage |  |  | 2,173.1
| Port of San Diego Complex |  | December 2011 |  | San Diego, California |  | 146,700 |  | Industrial |  |  | 14,211.4
| Shoreline Medical Building |  | May 2012 |  | Half Moon Bay, California |  | 15,335 |  | Office |  |  | 6,168.5
| The Presidio |  | November 2012 |  | Aurora, Colorado |  | 80,800 |  | Office |  |  | 6,936.4
| Sparky’s Lancaster Self-Storage |  | May 2013 |  | Lancaster, California |  | 71,000 |  | Self-Storage |  |  | 3,639.9
| NetREIT, Inc properties |  |  |  |  |  |  |  |  |  |  | 137,262.9
|  |  |  |  |  |  | Homes |  |  |  |  |
| Model Home properties |  | Various in |  | CA, AZ, TX, NC |  |  |  |  |  |  |
| held in limited partnerships |  | 2009-2013 |  | FL and NJ |  | 61 |  | Residential |  |  | 17,471.9
| Model Home properties |  | Various in |  |  |  |  |  |  |  |  |
| held in income and investment funds |  | 2003-2008, |  |  |  |  |  |  |  |  |
|  |  | 2010-2013 |  | CA, AZ, TX, SC, PA, NJ |  | 16 |  | Residential |  |  | 5,821.7
| Model Home properties |  |  |  |  |  |  |  |  |  |  | 23,293.6
|  |  |  |  | Total real estate assets and lease intangibles, net |  | $ | 160,556.5
Real Estate Disclosure [Text Block] |
The following table sets forth the components of the Company’s real estate assets:
|  |  | September 30, |  | December 31,
|  |  | 2013 |  | 2012
|  | Land | $ | 41,765,725 |  | $ | 41,617,925
|  | Buildings and other |  | 128,347,781 |  |  | 130,471,526
|  | Tenant improvements |  | 7,297,825 |  |  | 7,112,494
|  | Lease intangibles |  | 4,569,864 |  |  | 4,569,854
|  |  |  | 181,981,195 |  |  | 183,771,799
|  | Less: |  |  |  |  |
|  | Accumulated depreciation and amortization |  | (21,424,740) |  |  | (18,133,080)
|  | Real estate assets, net | $ | 160,556,455 |  | $ | 165,638,719
Real Estate By Major Property Class [Table Text Block] |
The Company allocated the purchase price of the properties acquired during the nine months ended September 30, 2013
| as follows:
|  |  |  |  |  |  |  |  | Total |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Buildings |  |  | Purchase |  |  |  |  |  |  |  |  |  |  |
|  |  | Land |  |  | and other |  |  | Price |  |  |  |  |  |  |  |  |  |  |
Sparky's Lancaster |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Self-Storage | $ | 949,000 |  | $ | 2,701,000 |  | $ | 3,650,000 |  |  |  |  |  |  |  |  |  |  |
Model Home |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Properties |  | 234,150 |  |  | 1,436,909 |  |  | 1,671,059 |  |  |  |  |  |  |  |  |  |  |
The Company allocation of the properties sold during the nine months ended September 30, 2013 is as follows:
|  |  |  |  |  | Buildings |  |  | Total |  |  |  |  |  |  |  |  |  |  |
|  |  | Land |  |  | and other |  |  | Cost |  |  |  |  |  |  |  |  |  |  |
Model Home |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Properties | $ | 820,016 |  | $ | 5,370,976 |  | $ | 6,190,992 |  |  |  |  |  |  |  |  |  |  |
Casa Grande |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Apartments |  | 220,572 |  |  | 1,190,822 |  |  | 1,411,394 |  |  |  |  |  |  |  |  |  |  |
The Company allocated the purchase price of the properties acquired during the year ended December 31, 2012
| as follows: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  | Tenant |  |  |  |  |  |  |  |  | Total |  |
|  |  |  |  |  | Buildings |  |  | Improve- |  |  | In-place |  |  | Leasing |  |  | Purchase |  |
|  |  | Land |  |  | and other |  |  | ments |  |  | Leases |  |  | Costs |  |  | Price |  |
Rite Aid | $ | 366,000 |  | $ | 759,000 |  | $ | - | $ |  | - |  | $ | - |  | $ | 1,125,000 |  |
Shoreline |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Medical Building |  | 1,820,000 |  |  | 4,311,000 |  |  | - |  |  | 83,000 |  |  | 136,000 |  |  | 6,350,000 |  |
The Presidio |  | 1,325,000 |  |  | 4,969,400 |  |  | 816,500 |  |  | 27,400 |  |  | 136,700 |  |  | 7,275,000 |  |
Model Home |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Properties |  | 1,923,852 |  |  | 15,214,443 |  |  | - |  |  | - |  |  | - |  |  | 17,138,295 |  |
The Company allocation of the properties sold during the year ended December 31, 2012 is as follows:
|  |  |  |  |  | Buildings |  |  | Total |  |  |  |  |  |  |  |  |  |  |
|  |  | Land |  |  | and other |  |  | Cost |  |  |  |  |  |  |  |  |  |  |
Model Home |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Properties | $ | 1,213,417 |  | $ | 8,196,975 |  | $ | 9,410,392 |  |  |  |  |  |  |  |  |  |  |
Rialto land |  | 159,775 |  |  | - |  |  | 159,775 |  |  |  |  |  |  |  |  |  |  |
7-Eleven |  | 553,359 |  |  | 714,680 |  |  | 1,268,039 |  |  |  |  |  |  |  |  |  |  |
ScheduleOfPropertySubjectToOrAvailableForOperatingLeaseTextBlock |
Lease Intangibles
The following table summarizes the net value of other intangible assets and the accumulated amortization for each
class of intangible asset:
|  |  | September 30, 2013 |  |  | December 31, 2012
|  |  |  |  |  |  |  |  | Lease |  |  |  |  |  |  |  |  | Lease
|  |  | Lease |  |  | Accumulated |  |  | intangibles, |  |  | Lease |  |  | Accumulated |  |  | intangibles,
|  |  | intangibles |  |  | amortization |  |  | net |  |  | intangibles |  |  | amortization |  |  | net
In-place leases | $ | 2,015,459 |  | $ | (1,435,123) |  | $ | 580,336 |  | $ | 2,015,459 |  | $ | (1,229,792) |  | $ | 785,667
Leasing costs |  | 1,448,985 |  |  | (958,055) |  |  | 490,930 |  |  | 1,448,985 |  |  | (807,816) |  |  | 641,169
Tenant |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| relationships |  | 332,721 |  |  | (332,721) |  |  | - |  |  | 332,721 |  |  | (332,721) |  |  | -
Below-market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| leases |  | (841,425) |  |  | 58,451 |  |  | (782,974) |  |  | (841,425) |  |  | 37,415 |  |  | (804,010)
Above-market |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| leases |  | 1,614,124 |  |  | (972,440) |  |  | 641,684 |  |  | 1,614,114 |  |  | (821,947) |  |  | 792,167
|  | $ | 4,569,864 |  | $ | (3,639,888) |  | $ | 929,976 |  | $ | 4,569,854 |  | $ | (3,154,861) |  | $ | 1,414,993
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
As of September 30, 2013, the estimated aggregate amortization expense for each of the five succeeding fiscal years
and thereafter is as follows:
|  |  | Estimated
|  |  | Aggregate
|  |  | Amortization
|  |  | Expense
Three month period ending December 31, 2013 |  | $ | 139,138
2014 |  |  | 532,314
2015 |  |  | 388,282
2016 |  |  | 157,215
2017 |  |  | 53,591
Thereafter (principally below market rent amortization) |  |  | (340,564)
|  | $ | 929,976
The weighted average amortization period for the intangible assets, in-place leases, leasing costs, tenant
relationships and below-market leases acquired as of September 30, 2013 was 14.2 years.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 7, 34 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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