Escondido, CA (PRWEB) May 04, 2012
NetREIT, Inc., a Maryland-based REIT with headquarters in Escondido, California, has announced the signing of real estate lease and renewal transactions that total 68,000 square feet since the beginning of 2012. The company reports that these leases involved 23 separate transactions that include properties in Colorado, California, and North Dakota.
The highlights of this brisk leasing activity include 42,000 square feet at Dakota Center in Fargo, North Dakota. NetREIT acquired this property in May of 2011. NetREIT has tenured leases with SEI, Merrill Lynch, and the Fargo-Moorhead Economic Development Corporation since acquiring the property. The company also reports that negotiations are underway with financial services companies and law firms.
Leasing activity extends across NetREIT’s extensive portfolio of properties including Garden Gateway and Executive Office Park in Colorado Springs, CO, the Joshua Village Shopping Center in Yucca Valley, CA, and Havana Parker Office Complex in Aurora, CO.
NetREIT CEO, Jack K. Heilbron, was quoted as saying, “We are pleased with the brisk leasing activity across our broad range of real estate investments and we expect these trends to continue throughout the remainder of 2012.”
NetREIT, Inc. was originally founded in 1999 and operates as a contrarian Real Estate Investment Trust (REIT) that seeks out property acquisitions with unusual features or which are considered out of the current mainstream. Their successful investments are due in part to an acquisition strategy that searches out properties whose value may be hidden by financial or emotional distress. The company is by design, a contrarian, or deep value, real estate investment company that has been successful at taking advantage of the vast fluctuations in the investing community since the stock market crash of 2008.
NetREIT operates as a contrarian or deep value real estate investment company which is self-administered. All operations are under the control of an independent board of directors. NetREIT utilizes leverage when it can best be used to enhance property acquisitions and seeks to offer its investors a higher ROI than other similar companies.
For more information, please visit their website: http://netreit.com/index.php