INVESTMENT IN REAL ESTATE, NET (Tables) (Apartment Building [Member])

12 Months Ended

Jun. 30, 2014

Apartment Building [Member]

Real Estate Properties [Line Items]

Schedule of Real Estate Properties [Table Text Block]

Investment in real estate included the following:

As of June 30,	2014		2013
Land	$	25,781,000	$	25,781,000
Buildings, improvements and equipment		74,039,000		73,453,000
Accumulated depreciation		(36,123,000)		(33,972,000)
	$	63,697,000	$	65,262,000