CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net income (loss)	$ 625,000	$ (671,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	4,577,000	4,471,000
Gain on sale of real estate	0	(1,710,000)
Net unrealized loss on marketable securities	1,003,000	1,816,000
Unrealized loss on other investments and derivative instruments	216,000	436,000
Impairment loss on other investments	105,000	917,000
Gain on insurance recovery	(404,000)	0
Stock compensation expense	412,000	329,000
Changes in assets and liabilities:
Investment in marketable securities	(4,646,000)	8,641,000
Other assets, net	(536,000)	(732,000)
Accounts payable and other liabilities	723,000	7,000
Due to securities broker	1,033,000	(7,725,000)
Obligations for securities sold	1,834,000	57,000
Deferred taxes	(364,000)	(613,000)
Net cash provided by operating activities	4,578,000	5,223,000
Cash flows from investing activities:
Proceeds from sale of real estate	0	4,111,000
Investment in hotel, net	(3,486,000)	(2,818,000)
Investment in real estate, net	(1,930,000)	(293,000)
Other investments, net	60,000	271,000
Investment in Santa Fe	(156,000)	(471,000)
Investment in Portsmouth	(75,000)	(145,000)
Change in restricted cash	(471,000)	171,000
Net cash (used in) provided by investing activities	(6,058,000)	826,000
Cash flows from financing activities:
Distributions and dividends to noncontrolling interest	(636,000)	(500,000)
Borrowings from mortgage notes payable	39,240,000	2,095,000
Principal payments on mortgage notes payable	(37,290,000)	(4,736,000)
Payments on other notes payable	(477,000)	(714,000)
Purchase of treasury stock	(56,000)	(1,458,000)
Proceeds from exercise of options	52,000	0
Net cash provided by (used in) financing activities	833,000	(5,313,000)
Net (decrease) increase in cash and cash equivalents	(647,000)	736,000
Cash and cash equivalents at the beginning of the year	2,100,000	1,364,000
Cash and cash equivalents at the end of the year	1,453,000	2,100,000
Supplemental information:
Income tax paid	327,000	159,000
Interest paid	$ 6,803,000	$ 6,830,000