<HTML>
<HEAD>
<TITLE>Filed by Bowne Pure Compliance</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV
style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">
<DIV style="font-size: 10pt">
<DIV
style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
<DIV
style="font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>

<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): September 3, 2008</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>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <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>
 </TR>
 <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>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>365 South Rancho Santa Fe
Road, Suite 300<BR>
San Marcos, California <BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>92078</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(760) 471-8537</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<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>


<DIV
style="margin-top: 10pt; font-size: 1pt; width: 100%; border-bottom: black 1pt solid">&nbsp;</DIV>
<DIV
style="font-size: 1pt; width: 100%; border-bottom: black 2pt solid">&nbsp;</DIV>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="left"><B>Item&nbsp;2.01 Completion of
Acquisition or Disposition of Assets.</B>

<P style="font-size: 10pt" align="left">On September&nbsp;3, 2008, Registrant
acquired in fee ownership an office building and related personal property
located at 1282 Pacific Oaks Place, Escondido, California 92029 (the
&#8220;POB Property&#8221;). This property consists of a two story office building of
approximately 16,040 square feet situated on 48,793 square feet of land. The
building was completed in 2005 and has been owner occupied since its
construction. On the acquisition date, the previous owner entered into a three
year lease to occupy approximately 24% of the building. Registrant plans to
move its principal offices into the remainder of the building.

<P style="font-size: 10pt" align="left">The POB Property is located in the City of
Escondido, the fourth largest of the 18 incorporated cities in San Diego
County. It lies in the northern part of the County bordering the City of San
Diego to the south, San Marcos to the west and unincorporated areas of San
Diego County to the north and east.

<P style="font-size: 10pt" align="left">Registrant&#8217;s purchase price for
the property was $4,850,000, all of which was paid in cash.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01 Financial Statements
and Exhibits.</B>

<P style="font-size: 10pt" align="left"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements of
Real Estate Acquired.</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">Not applicable.

<P style="font-size: 10pt" align="left"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;Pro Forma Financial
Information.</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">Not applicable.

<P style="font-size: 10pt" align="left"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;Company Shell
Transactions.</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">Not applicable.

<P style="font-size: 10pt" align="left"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">None.

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

<P style="font-size: 10pt; text-indent: 4%" align="left">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.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="45%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="50%">&nbsp;</TD>
 </TR>
<!-- End Table Head -->
<!-- Begin Table Body -->

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD colspan="2" valign="top" align="left">NetREIT</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>
 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">Date: September&nbsp;5, 2008</DIV></TD>
  <TD valign="top" align="left">By: </TD>
  <TD valign="top" align="left" style="border-bottom: 1px solid #000000"><I>/s/ Kenneth Elsberry</I></TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top"><DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV></TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Name: Kenneth Elsberry<BR>
Title: Chief
Financial Officer</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c75116e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 7724}]
{"company-data": {"conformed-name": "NETREIT", "cik": "0001080657", "assigned-sic": "6798", "irs-number": "000000000"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34049", "film-number": "081058335"}, "business-address": {"street1": "365 SOUTH RANCHO SANTA RD", "street2": "SUITE 300", "city": "SAN MARCO", "state": "CA", "zip": "92078", "phone": "760-471-8536"}}
Filed by Bowne Pure Compliance
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): September 3, 2008
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.)
365 South Rancho Santa Fe
Road, Suite 300
San Marcos, California
92078
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(760) 471-8537
(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 2.01 Completion of
Acquisition or Disposition of Assets.
On September 3, 2008, Registrant
acquired in fee ownership an office building and related personal property
located at 1282 Pacific Oaks Place, Escondido, California 92029 (the
"POB Property"). This property consists of a two story office building of
approximately 16,040 square feet situated on 48,793 square feet of land. The
building was completed in 2005 and has been owner occupied since its
construction. On the acquisition date, the previous owner entered into a three
year lease to occupy approximately 24% of the building. Registrant plans to
move its principal offices into the remainder of the building.
The POB Property is located in the City of
Escondido, the fourth largest of the 18 incorporated cities in San Diego
County. It lies in the northern part of the County bordering the City of San
Diego to the south, San Marcos to the west and unincorporated areas of San
Diego County to the north and east.
Registrant's purchase price for
the property was $4,850,000, all of which was paid in cash.
Item 9.01 Financial Statements
and Exhibits.
(a)    Financial Statements of
Real Estate Acquired.
Not applicable.
(b)    Pro Forma Financial
Information.
Not applicable.
(c)    Company Shell
Transactions.
Not applicable.
(d)    Exhibits.
None.
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: September 5, 2008
By:
/s/ Kenneth Elsberry
Name: Kenneth Elsberry
Title: Chief
Financial Officer