XML 19 R9.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Real Estate Transactions | 3 Months Ended
--- | ---
Mar. 31, 2015
Real Estate Transactions [Abstract] |
Real Estate Transactions [Text Block] | 3. RECENT REAL ESTATE TRANSACTIONS During the three months ended March 31, 2015, NetREIT Dubose and the other Model Home entities acquired twelve Model Home properties in various states and leased it back to the home builder. The purchase price for the properties was $3.8 million. The purchase price paid was through a cash payment of $1.5 million and a prommisory note of $2.3 millio n. During the three months ended March 31, 2015, NetREIT Dubose and the other Mod el Home entities disposed of two Model Home properties. The sales price, net of selling costs, aggreg ated approximately $615,000 and approximately $280,000 in mortgage notes pay able were repaid in connection with these sales. The C ompany recognized a gain of $78,000 related to the sale of these Model Homes.
The Company allocated the purchase price of the properties acquired during the three months ended March 31, 2015
as follows:
|  |  |  | Buildings |  | Total
| Land |  | and other |  | Purchase Price
Model Homes Properties | $ | 565,000 |  | $ | 3,191,000 |  | $ | 3,756,000
The Company allocation of the properties sold during the three months ended March 31, 2015 is as follows:
|  |  |  | Buildings |  | Total
| Land |  | and other |  | Selling Price
Model Home Properties | $ | 69,000 |  | $ | 454,000 |  | $ | 523,000

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

X
- 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 SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 28 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule III -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 10 -Subparagraph 4 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 11 -Article 9 + Details
Name: | us-gaap_RealEstateDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration