FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The assets measured at fair value on a recurring basis are as follows:

As of December 31, 2013
Assets:	Level 1		Level 2		Level 3		Total
Restricted cash - mortgage impounds	$	3,459,000	$	-	$	-	$	3,459,000
Restricted cash - redemption		19,091,000		-		-		19,091,000
Investment in marketable securities:
Basic materials		6,499,000		-		-		6,499,000
Financial services		2,468,000		-		-		2,468,000
Technology		1,231,000		-		-		1,231,000
REITs and real estate companies		945,000		-		-		945,000
Other		1,956,000		-		-		1,956,000
		13,099,000		-		-		13,099,000
	$	35,649,000	$	-	$	-	$	35,649,000

As of June 30, 2013
Assets:	Level 1		Level 2		Level 3		Total
Cash equivalents - money market	$	3,000	$	-	$	-	$	3,000
Restricted cash - mortgage impounds		2,448,000		-		-		2,448,000
Other investments - warrants				-		6,000		6,000
Investment in marketable securities:
Basic materials		4,733,000		-		-		4,733,000
Technology		2,698,000		-		-		2,698,000
Financial services		2,261,000		-		-		2,261,000
REITs and real estate companies		878,000		-		-		878,000
Other		2,054,000		-		-		2,054,000
		12,624,000		-		-		12,624,000
	$	15,075,000	$	-	$	6,000	$	15,081,000

Fair Value Measurements, Nonrecurring [Table Text Block]

The following table shows the fair value hierarchy for these assets measured at fair value on a non-recurring basis as follows:

									Net loss for the three months
Assets	Level 1		Level 2		Level 3		December 31, 2013		ended December 31, 2013
Other non-marketable investments	$	-	$	-	$	15,274,000	$	15,274,000	$	-
									Net loss for the six months
Assets		Level 1		Level 2		Level 3	December 31, 2012		ended December 31, 2012
Other non-marketable investments	$	-	$	-	$	15,379,000	$	15,379,000	$	-