MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Schedule Of Mortgage Notes Payable [Table Text Block]

Mortgage notes payable secured by real estate and hotel as of June 30, 2012 and 2011 are summarized as follows:

As of June 30, 2012
	Number	Note		Note
Property	of Units	Origination Date		Maturity Date		Mortgage Balance		Interest Rate
SF Hotel	543 rooms	July	2005	August	2015	$	26,599,000	5.22	%
SF Hotel	543 rooms	March	2005	August	2015		17,722,000	6.42	%
		Mortgage notes payable - hotel				$	44,321,000
Austin	249	June	2003	July	2023		6,872,000	5.46	%
Florence	157	June	2005	July	2014		3,878,000	4.96	%
Las Colinas	358	April	2004	May	2013		17,671,000	4.99	%
Morris County	151	April	2003	May	2013		9,010,000	5.43	%
St. Louis	264	May	2008	May	2013		5,770,000	4.95	%
Los Angeles	4	September	2000	August	2030		381,000	7.59	%
Los Angeles	2	January	2002	January	2032		388,000	6.45	%
Los Angeles	1	February	2001	December	2030		417,000	8.44	%
Los Angeles	31	January	2010	December	2020		5,660,000	4.85	%
Los Angeles	30	August	2007	September	2022		6,605,000	5.97	%
Los Angeles	27	November	2010	December	2020		3,189,000	4.85	%
Los Angeles	14	April	2011	March	2021		1,829,000	5.89	%
Los Angeles	12	December	2011	January	2022		2,081,000	4.25	%
	9	April	2011	May	2021		1,467,000	5.60	%
Los Angeles	9	April	2011	March	2021		1,247,000	5.89	%
Los Angeles	8	May	2001	November	2029		486,000	2.49	%
Los Angeles	7	November	2003	December	2018		945,000	6.38	%
Los Angeles	4	November	2003	December	2018		643,000	6.38	%
Los Angeles	1	October	2003	November	2033		445,000	4.50	%
Los Angeles	Office	March	2009	March	2014		1,078,000	5.02	%
Los Angeles	Office	September	2000	December	2013		592,000	6.00	%
		Mortgage notes payable - real estate				$	70,654,000

As of June 30, 2011
	Number	Note		Note
Property	of Units	Origination Date		Maturity Date		Mortgage Balance		Interest Rate
SF Hotel	544 rooms	July	2005	August	2015	$	27,176,000	5.22	%
SF Hotel	544 rooms	March	2005	August	2015		18,003,000	6.42	%
		Mortgage notes payable - hotel				$	45,179,000
Austin	249	June	2003	July	2023		7,041,000	5.46	%
Florence	157	June	2005	July	2014		3,950,000	4.96	%
Las Colinas	358	April	2004	May	2013		18,051,000	4.99	%
Morris County	151	April	2003	May	2013		9,220,000	5.43	%
St. Louis	264	May	2008	May	2013		5,878,000	4.95	%
Los Angeles	4	September	2000	August	2030		390,000	7.59	%
Los Angeles	2	January	2002	January	2032		398,000	6.45	%
Los Angeles	1	February	2001	December	2030		426,000	8.44	%
Los Angeles	31	January	2010	December	2020		5,745,000	4.85	%
Los Angeles	30	August	2007	September	2022		6,699,000	5.97	%
Los Angeles	27	November	2010	December	2020		3,236,000	4.85	%
Los Angeles	14	April	2011	March	2021		1,850,000	5.89	%
Los Angeles	12	November	2003	December	2018		934,000	6.38	%
	9	April	2011	May	2021		1,485,000	5.60	%
Los Angeles	9	April	2011	March	2021		1,262,000	5.89	%
Los Angeles	8	May	2001	November	2029		506,000	2.49	%
Los Angeles	7	November	2003	December	2018		965,000	6.38	%
Los Angeles	4	November	2003	December	2018		657,000	6.38	%
Los Angeles	1	October	2003	November	2033		459,000	4.50	%
Los Angeles	Office	March	2009	March	2014		1,118,000	5.02	%
Los Angeles	Office	September	2000	December	2013		627,000	6.00	%
		Mortgage notes payable - real estate				$	70,897,000
Los Angeles	24	May	2001	April	2031		1,540,000	2.49	%
		Mortgage notes payable - properties held for sale				$	1,540,000

Contractual Obligation Fiscal Year Maturity Schedule [Table Text Block]

Future minimum payments for all notes payable are as follows: 

For the year ending June 30,
2013	$	2,792,000
2014		3,467,000
2015		1,741,000
2016		42,192,000
2017		794,000
Thereafter		66,061,000
	$	117,047,000