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Note 3 - Recent Real Estate Transactions	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Real Estate Disclosure [Text Block]	3. RECENT REAL ESTATE TRANSACTIONS Acquisitions during the year ended December 31, 2021 • On August 17, 2021, the Company, through its 61.3% owned subsidiaries NetREIT Palm Self Storage, LP and NetREIT Highland LLC, acquired a single story newly constructed 10,500 square foot building in Houston, Texas for a purchase price of approximately $4.9 million, in connection with a like-kind exchange transaction pursued under Section 1031 of the Code.  The building is 100% occupied under a 15-year triple net lease, and purchased with all cash. • On December 22, 2021, the Company purchased a 31,752 square foot building in Baltimore, Maryland for a purchase price of approximately $8.9 million.  The building is 100% occupied under a five year triple net lease to Johns Hopkins’ University’s Bloomberg School of Public Health, and purchased with all cash. • We acquired 18 Model Home Properties and leased them back to the homebuilders under triple net leases during the year ended December 31, 2021. The purchase price for the properties was $8.4 million. The purchase price consisted of cash payments of $2.7 million and mortgage notes of $5.7 million. Acquisitions during the year ended December 31, 2020 • We acquired 28 Model Home Properties and leased them back to the homebuilders under triple net leases during the year ended December 31, 2020. The purchase price for the properties was $10.2 million. The purchase price consisted of cash payments of $3.1 million and mortgage notes of $7.1 million. Dispositions during the year ended December 31, 2021 We review our portfolio of investment properties for value appreciation potential on an ongoing basis, and dispose of any properties that no longer satisfy our requirements in this regard, taking into account tax and other considerations. The proceeds from any such property sale, after repayment of any associated mortgage or repayment of secured or unsecured indebtedness, are available for investing in properties that we believe will have a greater likelihood of future price appreciation.  During year ended December 31, 2021 we disposed of the following properties: • Waterman Plaza, which was sold on January 28, 2021, for approximately $3.5 million and the Company recognized a loss of approximately $0.2 million. • Garden Gateway, which was sold on February 19, 2021, for approximately $11.2 million and the Company recognized a loss of approximately $1.4 million. • Highland Court, which was sold on May 20, 2021, for approximately $10.2 million and the Company recognized a loss of approximately $1.6 million. • Executive Office Park, which was sold on May 21, 2021, for approximately $8.1 million and the Company recognized a gain of approximately $2.5 million. • During the year ended December 31, 2021, we disposed of 44 model homes for approximately $20.7 million and recognized a gain of approximately $3.2 million. Dispositions during the year ended December 31, 2020 During year ended  December 31, 2020 we disposed of the following properties: • Centennial Tech Center, which was sold on  February 5, 2020 for approximately $15.0 million and the Company recognized a loss of approximately $913,000. • Union Terrace, which was sold on  March 13, 2020 for approximately $11.3 million and the Company recognized a gain of approximately $688,000. • One of four Executive Office Park buildings, which was sold on December 2, 2020 for approximately $2.3 million and the Company recognized a loss of approximately $75,000. • During the year ended December 31, 2020, we disposed of 46 model homes for approximately $18.1 million and recognized a gain of approximately $1.6 million.

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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.

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