CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net loss	$ (84,000)	$ (164,000)
Adjustments to reconcile net loss to net cash provided by operating activities:
Gain on sale of real estate	0	(1,710,000)
Depreciation and amortization	3,421,000	3,329,000
Net unrealized loss on marketable securities	591,000	2,273,000
Unrealized loss on other investments and derivative instruments	221,000	457,000
Impairment loss on other investments	0	684,000
Stock compensation expense	359,000	241,000
Changes in assets and liabilities:
Investment in marketable securities	(4,573,000)	(608,000)
Other assets	(1,075,000)	(502,000)
Accounts payable and other liabilities	941,000	(612,000)
Due to securities broker	2,855,000	(1,183,000)
Obligations for securities sold	(6,000)	951,000
Deferred taxes	(254,000)	(551,000)
Net cash provided by operating activities	2,396,000	2,605,000
Cash flows from investing activities:
Net proceeds from sale of real estate	0	4,111,000
Investment in hotel	(2,596,000)	(2,132,000)
Investment in real estate	(2,049,000)	(236,000)
Proceeds from other investments	44,000	257,000
Investment in Santa Fe	(146,000)	(471,000)
Investment in Portsmouth	(75,000)	(145,000)
Restricted cash	246,000	516,000
Net cash (used in) provided by investing activities	(4,576,000)	1,900,000
Cash flows from financing activities:
Distributions and dividends to noncontrolling interest	(638,000)	(500,000)
Borrowings from mortgage notes payable	33,195,000	2,095,000
Principal payments on mortgage notes payable	(31,028,000)	(4,158,000)
Payments on other notes payable	(426,000)	(349,000)
Purchase of treasury stock	0	(1,458,000)
Net cash provided by (used in) financing activities	1,103,000	(4,370,000)
Net (decrease) increase in cash and cash equivalents	(1,077,000)	135,000
Cash and cash equivalents at the beginning of the period	2,100,000	1,364,000
Cash and cash equivalents at the end of the period	1,023,000	1,499,000
Supplemental information:
Interest paid	$ 5,226,000	$ 5,154,000