INVESTMENT IN REAL ESTATE, NET (Tables)

12 Months Ended

Jun. 30, 2013

SEC Schedule III, 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,	2013		2012
Land	$	25,781,000	$	25,781,000
Buildings, improvements and equipment		73,453,000		71,119,000
Accumulated depreciation		(33,972,000)		(31,849,000)
	$	65,262,000	$	65,051,000