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NetREIT, Inc. 10-K

| Subsidiaries of the Registrant        |   |                                                         |
|---------------------------------------|--------|--------------------------------------------------------------|
|                                  |   |                                                         |
|                                  |   |                                                         |
| Subsidiary                            |   | State or other jurisdiction of incorporation or organization |
|                                  |   |                                                         |
| NetREIT, Inc.                         |   | Maryland                                                     |
| NetREIT 01 LP Partnership             |   | California                                                   |
| Fontana Medical Plaza, LLC            |   | California                                                   |
| NetREIT Casa Grande LP Partnership    |   | California                                                   |
| NetREIT Palm LP Partnership           |   | California                                                   |
| NetREIT Garden Gateway LP Partnership |   | California                                                   |
| NetREIT Advisors, LLC                 |   | Delaware                                                     |
| NetREIT Dubose Model Home REIT, Inc.  |   | Maryland                                                     |
| NetREIT Dubose Model Home REIT, LP    |   | Delaware                                                     |
| Dubose Acquisition Partners II        |   | Texas                                                        |
| Dubose Acquisition Partners III       |   | Texas                                                        |
| Dubose Model Home Income Fund #3 LTD. |   | Texas                                                        |
| Dubose Model Home Income Fund #4 LTD. |   | Texas                                                        |
| Dubose Model Home Income Fund #5 LTD. |   | Texas                                                        |
| NetREIT Broadway, Inc.                |   | Maryland                                                     |
| Dubose Advisors, LLC                  |   | Delaware                                                     |
| Dubose Model Home Investors #201, LP  |   | California                                                   |
| NetREIT Yucca Valley, LLC             |   | Delaware                                                     |
| NetREIT National City Partners, LP    |   | California                                                   |
| Presidio Springing LLC                |   | Delaware                                                     |
| NetREIT Presidio LLC                  |   | Delaware                                                     |
| NetREIT Highland LLC                  |   | Delaware                                                     |
| NetREIT Sunrise LLC                   |   | Delaware                                                     |
| NetREIT Joshua LLC                    |   | Delaware                                                     |
| NTR Property Management, Inc.         |   | California                                                   |
| Puppy Toes, Inc.                      |   | California                                                   |

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