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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 million.

During the three months ended March 31, 2015, NetREIT Dubose and the other Model Home entities disposed of two Model Home properties. The sales price, net of selling costs, aggregated approximately $615,000 and approximately $280,000 in mortgage notes payable were repaid in connection with these sales. The Company 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