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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): March 23, 2009</B>


<P style="font-size: 24pt" align="center"><B>NetREIT<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
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  <TD style="border-bottom: #000000 1px solid"><B>CALIFORNIA</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>001-34049</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>33-0841255</B></TD>
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 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
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  <TD style="border-bottom: #000000 1px solid"><B>1282 Pacific Oaks
Place<BR>
Escondido, California <BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>92029</B></TD>
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  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
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<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(760) 471-8536</B>
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  <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>



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<P style="display: none; font-size: 10pt" align="center">1
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<P style="font-size: 10pt" align="justify"><B>Item&nbsp;8.01 Other Events</B>

<P style="font-size: 10pt" align="justify">On March&nbsp;23, 2009, NetREIT
(&#8220;Company&#8221;) completed the acquisition of The Rangewood Medical
Office Building (&#8220;Rangewood&#8221;) located at 7560 Rangewood Drive,
Colorado Springs, Colorado 80920 (&#8220;Property&#8221;) from the seller,
Rangewood Investments, LLC and the Decelles Family Trust. Rangewood is a
3-story, Class&nbsp;A medical office building of approximately 18,222 square
feet. The Property was constructed in 1998 and as of the date of the
acquisition, was 92% leased with seven (7) tenants. The Property is located
just north of Woodmen Road, between Academy Boulevard and Powers Boulevard.

<P style="font-size: 10pt" align="justify">The purchase price for the Property
was $2,660,000. The Company paid the purchase price with $230,000 in cash and a
$2,430,000 draw on a line of credit secured by other properties owned by the
Company.

<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="justify">Pursuant to the
requirements of the Securities and Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.

<P style="font-size: 10pt; margin-left: 46%" align="justify">NetREIT

<P style="font-size: 10pt" align="justify">Date: March&nbsp;27, 2009

<P style="margin-top: -11pt; font-size: 10pt; margin-left: 46%"
align="justify">By: <U><I>/s/ Kenneth
Elsberry&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I></U> <br>Name: Kenneth Elsberry<BR>
Title: Chief
Financial Officer


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<P style="display: none; font-size: 10pt" align="center">2
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{"company-data": {"conformed-name": "NETREIT", "cik": "0001080657", "assigned-sic": "6798", "irs-number": "330841255", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34049", "film-number": "09709717"}, "business-address": {"street1": "1282 PACIFIC OAKS PLACE", "city": "ESCONDIDO", "state": "CA", "zip": "92029-2900", "phone": "760-471-8536"}, "mail-address": {"street1": "1282 PACIFIC OAKS PLACE", "city": "ESCONDIDO", "state": "CA", "zip": "92029-2900"}}
Form 8-K
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): March 23, 2009
NetREIT
(Exact name of registrant as specified in its charter)
CALIFORNIA
001-34049
33-0841255
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1282 Pacific Oaks
Place
Escondido, California
92029
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(760) 471-8536
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On March 23, 2009, NetREIT
("Company") completed the acquisition of The Rangewood Medical
Office Building ("Rangewood") located at 7560 Rangewood Drive,
Colorado Springs, Colorado 80920 ("Property") from the seller,
Rangewood Investments, LLC and the Decelles Family Trust. Rangewood is a
3-story, Class A medical office building of approximately 18,222 square
feet. The Property was constructed in 1998 and as of the date of the
acquisition, was 92% leased with seven (7) tenants. The Property is located
just north of Woodmen Road, between Academy Boulevard and Powers Boulevard.
The purchase price for the Property
was $2,660,000. The Company paid the purchase price with $230,000 in cash and a
$2,430,000 draw on a line of credit secured by other properties owned by the
Company.
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
NetREIT
Date: March 27, 2009
By:
/s/ Kenneth
Elsberry
Name: Kenneth Elsberry
Title: Chief
Financial Officer