4. REAL ESTATE ASSETS

The Company owns a diverse portfolio of real estate assets. The primary types of properties the Company invests in are office, industrial, medical, retail, and NNN leased residential properties located primarily in Southern California and Colorado, with four properties located in North Dakota. Our model home properties are located in eleven states. As of December 31, 2016, the Company owned or had an equity interest in:

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Fifteen office buildings, two industrial buildings and two medical buildings (“Office/Industrial/Medical Properties”) which total approximately 1,500,000 rentable square feet,

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Six retail shopping centers (“Retail Properties”) which total approximately 234,000 rentable square feet,

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One hundred eight model homes owned by our affiliated limited partnerships and one limited liability company (“Residential Properties”).

The Company’s real estate assets consisted of the following as of December 31, 2016 and 2015:

			Real estate assets, net (in thousands)
Property Name	Acquired	Location	2016		2015
Havana/Parker Complex	June 2006	Aurora, CO	$	-	$	2,093
Garden Gateway Plaza	March 2007	Colorado Springs, Colorado		11,656		11,808
World Plaza	September 2007	San Bernardino, California		5,750		6,653
Regatta Square	October 2007	Denver, Colorado		1,836		1,859
Executive Office Park	July 2008	Colorado Springs, Colorado		8,125		8,227
Waterman Plaza	August 2008	San Bernardino, California		5,753		5,877
Pacific Oaks Plaza	September 2008	Escondido, California		4,146		4,213
Morena Office Center	January 2009	San Diego, California		5,079		5,269
Rangewood Medical Office Building	March 2009	Colorado Springs, Colorado		2,054		2,306
Genesis Plaza	August 2010	San Diego, California		8,670		8,398
Dakota Bank Buildings	May 2011	Fargo, North Dakota		10,148		10,452
Yucca Valley Retail Center	September 2011	Yucca Valley, California		6,738		7,190
Port of San Diego Complex	December 2011	San Diego, California		14,153		13,971
Shoreline Medical Building	May 2012	Half Moon Bay, California		5,821		5,856
The Presidio	November 2012	Aurora, Colorado		6,609		6,643
Bismarck	March 2014	Fargo, ND		5,392		4,904
Union Terrace Building	August 2014	Lakewood, Colorado		8,276		8,607
Centennial Tech Center	December 2014	Colorado Springs, Colorado		14,157		14,755
Arapahoe Service Center	December 2014	Centennial, Colorado		11,207		11,301
Union Town Center	December 2014	Colorado Springs, Colorado		10,544		10,941
West Fargo Industrial	August 2015	Fargo, North Dakota		7,632		2,875
300 N.P.	August 2015	Fargo, North Dakota		3,751		7,833
Research Parkway	August 2015	Colorado Springs, Colorado		2,776		3,910
One Parke Center	August 2015	Westminster, Colorado		8,515		13,245
Highland Court	August 2015	Centennial, Colorado		12,511		9,050
Shea Center II	December 2015	Highlands Ranch, Colorado		24,409		25,961
NetREIT, Inc. properties				205,708		214,197
Model Home properties	2011-2016	AZ, CA, FL, IL, NC, NJ, PA, SC, TX, UT, WI		34,814		16,889
	Total real estate assets and lease intangibles, net		$	240,522	$	231,086