INVESTMENT IN REAL ESTATE, NET (Tables)

12 Months Ended

Jun. 30, 2012

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule of Real Estate Properties [Table Text Block]

Investment in real estate included the following:

As of June 30,	2012			2011
Land	$	25,781,000		$	25,781,000
Buildings, improvements and equipment		71,119,000			70,826,000
Accumulated depreciation		(31,849,000	)		(29,763,000	)
	$	65,051,000		$	66,844,000