X0303 4 2011-03-24 0 0001080657 NETREIT, INC. NONE 0001456713 Bruen David 12335 GRANDEE ROAD SAN DIEGO CA 92128 1 0 0 0 Common Series A 2011-03-24 4 S 0 1500 8.60 D 12941.364 D Restricted Stock shares represent an amount sold to cover the tax liabilities of the reporting person related to restricted stock that vested in 2010. Acquisition of the restricted stock was reported in Table I of the previously filed Form 4 for the reporting person. /s/ Kathryn Richman (Attorney-in-Fact) 2011-03-25