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Real Estate Assets | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2017 | Dec. 31, 2016
Real Estate Assets [Abstract] |  |
Real Estate Assets | 4. REAL ESTATE ASSETS A summary of the properties owned by the Company as of June 30, 2017 is as follows:
Property Name |  | Date Acquired |  | Location |  | Real estate assets, net (in thousands) |
Garden Gateway Plaza |  | March 2007 |  | Colorado Springs, Colorado |  | $ | 11,529 |
World Plaza |  | September 2007 |  | San Bernardino, California |  |  | 5,697 |
Executive Office Park |  | July 2008 |  | Colorado Springs, Colorado |  |  | 8,129 |
Waterman Plaza |  | August 2008 |  | San Bernardino, California |  |  | 5,689 |
Pacific Oaks Plaza |  | September 2008 |  | Escondido, California |  |  | 4,033 |
Morena Office Center |  | January 2009 |  | San Diego, California |  |  | 4,973 |
Genesis Plaza |  | August 2010 |  | San Diego, California |  |  | 8,739 |
Dakota Bank Buildings |  | May 2011 |  | Fargo, North Dakota |  |  | 9,896 |
Yucca Valley Retail Center |  | September 2011 |  | Yucca Valley, California |  |  | 6,635 |
Port of San Diego Complex |  | December 2011 |  | San Diego, California |  |  | 14,026 |
The Presidio |  | November 2012 |  | Aurora, Colorado |  |  | 6,482 |
Bismarck |  | March 2014 |  | Fargo, ND |  |  | 5,551 |
Union Terrace Building |  | August 2014 |  | Lakewood, Colorado |  |  | 8,412 |
Centennial Technology Center |  | December 2014 |  | Colorado Springs, Colorado |  |  | 13,748 |
Arapahoe Service Center |  | December 2014 |  | Centennial, Colorado |  |  | 10,917 |
Union Town Center |  | December 2014 |  | Colorado Springs, Colorado |  |  | 10,382 |
West Fargo Industrial |  | August 2015 |  | Fargo, North Dakota |  |  | 7,536 |
300 N.P. |  | August 2015 |  | Fargo, North Dakota |  |  | 3,704 |
Research Parkway |  | August 2015 |  | Colorado Springs, Colorado |  |  | 2,734 |
One Park Centre |  | August 2015 |  | Westminster, Colorado |  |  | 8,547 |
Highland Court |  | August 2015 |  | Centennial, Colorado |  |  | 12,430 |
Shea Center II |  | December 2015 |  | Highlands Ranch, Colorado |  |  | 23,705 |
NetREIT, Inc. properties |  |  |  |  |  |  | 193,494 |
Model Home properties |  | 2010-2017 |  | AZ, CA, FL, IL, NC, NJ, PA, SC, TX, UT, WI |  |  | 41,930 |
|  | Total real estate assets and lease intangibles, net |  | $ | 235,424 |
Geographic Diversification Table The following tables show a list of properties owned by NetREIT, Inc. grouped by state location as of June 30, 2017:
State |  | No. of Properties |  |  | Aggregate Square Feet |  |  | Approximate % of Square Feet |  |  | Current Base Annual Rent |  |  | Approximate % of Aggregate Annual Rent |
California |  |  | 7 |  |  |  | 422,687 |  |  |  | 24.9 | % |  | $ | 5,685,960 |  |  |  | 26.3 | %
Colorado |  |  | 11 |  |  |  | 872,878 |  |  |  | 51.4 | % |  |  | 12,330,663 |  |  |  | 57.1 | %
North Dakota |  |  | 4 |  |  |  | 401,461 |  |  |  | 23.7 | % |  |  | 3,563,174 |  |  |  | 16.5 | %
Total |  |  | 22 |  |  |  | 1,697,026 |  |  |  | 100.0 | % |  | $ | 21,579,797 |  |  |  | 100.0 | %
Model Home properties:
State |  | No. of Properties |  |  | Aggregate Square Feet |  |  | Approximate % of Square Feet |  |  | Current Base Annual Rent |  |  | Approximate of Aggregate % Annual Rent |
Arizona |  |  | 2 |  |  |  | 4,618 |  |  |  | 1.3 | % |  | $ | 50,220 |  |  |  | 1.4 | %
California |  |  | 2 |  |  |  | 4,563 |  |  |  | 1.2 | % |  |  | 42,456 |  |  |  | 1.2 | %
Florida |  |  | 34 |  |  |  | 82,995 |  |  |  | 22.5 | % |  |  | 897,660 |  |  |  | 25.7 | %
Illinois |  |  | 3 |  |  |  | 8,941 |  |  |  | 2.4 | % |  |  | 98,004 |  |  |  | 2.8 | %
New Jersey |  |  | 4 |  |  |  | 10,379 |  |  |  | 2.8 | % |  |  | 101,820 |  |  |  | 2.9 | %
North Carolina |  |  | 4 |  |  |  | 13,623 |  |  |  | 3.7 | % |  |  | 144,540 |  |  |  | 4.1 | %
Pennsylvania |  |  | 11 |  |  |  | 30,989 |  |  |  | 8.4 | % |  |  | 371,988 |  |  |  | 10.6 | %
South Carolina |  |  | 3 |  |  |  | 8,703 |  |  |  | 2.4 | % |  |  | 93,864 |  |  |  | 2.7 | %
Texas |  |  | 61 |  |  |  | 188,315 |  |  |  | 51.2 | % |  |  | 1,537,080 |  |  |  | 44.0 | %
Utah |  |  | 3 |  |  |  | 9,918 |  |  |  | 2.7 | % |  |  | 99,816 |  |  |  | 2.9 | %
Wisconsin |  |  | 2 |  |  |  | 5,016 |  |  |  | 1.4 | % |  |  | 55,992 |  |  |  | 1.6 | %
Total |  |  | 129 |  |  |  | 368,060 |  |  |  | 100.0 | % |  | $ | 3,493,440 |  |  |  | 100.0 | %
| 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:
| • |  | Fifteen office buildings, two industrial buildings and two medical buildings (“Office/Industrial/Medical Properties”) which total approximately 1,500,000 rentable square feet,
| • |  | Six retail shopping centers (“Retail Properties”) which total approximately 234,000 rentable square feet,
| • |  | 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 Technology 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 Park Centre |  | 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 |

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