XML 35 R28.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Segments [Abstract] |
Schedule Of Segment Reporting Information By Segment And Reconciliation to Net Income Available to Common Stockholders [Table Text Block] |
|  | Year Ended December 31,
|  | 2014 |  |  | 2013
Industrial/Office Properties: |  |  |  |  |
Rental income | $ | 11,800,819 |  | $ | 10,448,256
Property and related expenses |  | (4,769,364) |  |  | (3,629,413)
Asset impairment |  | (950,000) |  |  | (2,000,000)
Net operating income, as defined |  | 6,081,455 |  |  | 4,818,843
Residential Properties: |  |  |  |  |
Rental income |  | 2,065,327 |  |  | 2,995,612
Property and related expenses |  | (102,082) |  |  | (195,752)
Net operating income, as defined |  | 1,963,245 |  |  | 2,799,860
Retail Properties: |  |  |  |  |
Rental income |  | 2,607,744 |  |  | 2,878,145
Property and related expenses |  | (877,620) |  |  | (861,327)
Net operating income, as defined |  | 1,730,124 |  |  | 2,016,818
Self-Storage Properties: |  |  |  |  |
Rental income |  | 3,428,503 |  |  | 3,241,109
Property and related expenses |  | (1,716,379) |  |  | (1,695,933)
Net operating income, as defined |  | 1,712,124 |  |  | 1,545,176
Reconciliation to Net Loss: |  |  |  |  |
Total net operating income, as defined, for reportable segments |  | 11,486,948 |  |  | 11,180,697
Unallocated other income (expense): |  |  |  |  |
General and administrative expenses |  | (5,555,449) |  |  | (5,443,652)
Depreciation and amortization |  | (6,049,385) |  |  | (5,309,560)
Interest expense |  | (6,478,976) |  |  | (5,059,912)
Interest income |  | 85,806 |  |  | 116,602
Gain on sales of real estate and partnerships, net |  | 5,120,699 |  |  | 1,992,754
Gain on extinguishment of debt |  | 536,952 |  |  | -
Net loss |  | (853,601) |  |  | (2,523,071)
Reconciliation of Assets by Segment to Total Assets |
| As of December 31,
| 2014 |  | 2013
Assets: |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Land, buildings and improvements, net (1) | $ | 122,351,316 |  | $ | 85,234,171
Total assets (2) | $ | 130,185,089 |  | $ | 90,589,726
Residential Property: |  |  |  |  |
Land, buildings and improvements, net (1) | $ | 13,133,827 |  | $ | 23,093,296
Total assets (2) | $ | 13,588,922 |  | $ | 25,434,100
Retail Properties: |  |  |  |  |
Land, buildings and improvements, net (1) | $ | 33,141,294 |  | $ | 21,931,330
Total assets (2) | $ | 34,712,223 |  | $ | 23,354,122
Self-Storage Properties: |  |  |  |  |
Land, buildings and improvements, net (1) | $ | 29,107,675 |  | $ | 121,390,988
Total assets (2) | $ | 30,003,506 |  | $ | 31,028,008
Reconciliation to Total Assets: |  |  |  |  |
Total assets for reportable segments | $ | 208,489,740 |  | $ | 170,405,956
Other unallocated assets: |  |  |  |  |
Cash and cash equivalents |  | 5,636,002 |  |  | 10,207,001
Other assets, net |  | 6,499,196 |  |  | 1,408,387
Total Assets | $ | 220,624,938 |  | $ | 182,021,344
____________ |  |  |  |  |
(1) Includes lease intangibles and the land purchase option related to property acquisitions.
(2) Includes land, buildings and improvements, current receivables, deferred rent receivables and
deferred leasing costs and other related intangible assets, all shown on a net basis.
Reconciliation of Capital Expenditures by Segment to Total Real Estate Investments |
| Year Ended December 31,
| 2014 |  | 2013
Capital Expenditures:(1) |  |  |  |  |
Industrial/Office Properties: |  |  |  |  |
Acquisition of operating properties | $ | 42,337,414 |  | $ | -
Capital expenditures and tenant improvements | $ | 2,123,438 |  | $ | 2,758,787
Residential Property: |  |  |  |  |
Acquisition of operating properties | $ | 5,726,700 |  | $ | 4,189,389
Retail Properties: |  |  |  |  |
Acquisition of operating properties | $ | 11,211,669 |  | $ | 3,650,000
Capital expenditures and tenant improvements | $ | 359,473 |  | $ | 70,235
Self Storage Properties: |  |  |  |  |
Capital expenditures and tenant improvements | $ | 84,116 |  | $ | 27,988
Totals: |  |  |  |  |
Acquisition of operating properties, net | $ | 59,275,783 |  | $ | 7,839,389
Capital expenditures and tenant improvements |  | 2,567,027 |  |  | 2,857,010
Total real estate investments | $ | 61,842,810 |  | $ | 10,696,399
____________ (1) Total consolidated capital expenditures are equal to the same amounts disclosed for total reportable segments.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss and the tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References No definition available. + Details
Name: | netr_ScheduleOfSegmentReportingInformationBySegmentTableTextBlock
Namespace Prefix: | netr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration