INVESTMENT IN REAL ESTATE, NET (Tables)

6 Months Ended

Dec. 31, 2012

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule of Real Estate Properties [Table Text Block]

Investment in real estate consisted of the following:

As of	December 31, 2012			June 30, 2012
Land	$	25,781,000		$	25,781,000
Buildings, improvements and equipment		72,887,000			71,119,000
Accumulated depreciation		(32,900,000	)		(31,849,000	)
Investment in real estate, net	$	65,768,000		$	65,051,000