INVESTMENT IN REAL ESTATE, NET (Tables)

3 Months Ended

Sep. 30, 2013

SEC Schedule III, 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	September 30, 2013		June 30, 2013
Land	$	25,781,000	$	25,781,000
Buildings, improvements and equipment		73,816,000		73,453,000
Accumulated depreciation		(34,508,000)		(33,972,000)
Investment in real estate, net	$	65,089,000	$	65,262,000