PROPERTY HELD FOR SALE AND DISCONTINUED OPERATIONS

3 Months Ended

Sep. 30, 2011

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 4 – PROPERTY HELD FOR SALE AND DISCONTINUED OPERATIONS

As of September 30, 2011, the Company had no properties classified as held for sale.  During the three months ended September 30, 2010, the Company had one property located in San Antonio, Texas that was classified as held for sale.  That property was sold in January 2011.

The revenues and expenses from the operation of the held for sale property for respective period are summarized as follows:

For the three months ended September 30,	2010
Revenues	$	232,000
Expenses		(182,000	)
Income from discontinued operations	$	50,000