MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Schedule Of Mortgage Notes Payable [Table Text Block]

Mortgage notes payable secured by real estate and hotel As of June 30, 2014 and 2013 are summarized as follows:

	As of June 30, 2014
	Number	Note		Note
Property	of Units	Origination Date		Maturity Date		Mortgage Balance		Interest Rate
SF Hotel	543 rooms	December	2013	January	2024	$	97,000,000	5.28	%
SF Hotel	543 rooms	December	2013	January	2024		20,000,000	9.75	%
		Mortgage notes payable - hotel				$	117,000,000
Austin	249	June	2003	July	2023	$	6,505,000	5.46	%
Florence	157	June	2005	July	2015		3,722,000	4.96	%
Las Colinas	358	November	2012	December	2022		18,970,000	3.73	%
Morris County	151	July	2012	July	2022		10,279,000	3.51	%
Morris County	151	June	2014	August	2022		2,740,000	4.51	%
St. Louis	264	May	2013	May	2023		5,943,000	4.05	%
Los Angeles	4	September	2012	September	2042		383,000	4.25	%
Los Angeles	2	September	2012	September	2042		388,000	4.25	%
Los Angeles	1	August	2012	September	2042		417,000	4.25	%
Los Angeles	31	January	2010	December	2020		5,475,000	4.85	%
Los Angeles	30	August	2007	September	2022		6,399,000	5.97	%
Los Angeles	27	November	2010	December	2020		3,085,000	4.85	%
Los Angeles	14	April	2011	March	2021		1,780,000	5.89	%
Los Angeles	12	December	2011	January	2022		2,008,000	4.25	%
Los Angeles	9	April	2011	May	2021		1,427,000	5.60	%
Los Angeles	9	April	2011	March	2021		1,213,000	5.89	%
Los Angeles	8	July	2013	July	2043		491,000	3.50	%
Los Angeles	7	August	2012	September	2042		949,000	3.85	%
Los Angeles	4	August	2012	September	2042		649,000	3.85	%
Los Angeles	1	September	2012	September	2042		445,000	4.25	%
Los Angeles	Office	March	2009	March	2015		992,000	5.02	%
Los Angeles	Office	April	2014	May	2017		1,100,000	3.25	%
		Mortgage notes payable - real estate				$	75,360,000

	As of June 30, 2013
	Number	Note		Note
Property	of Units	Origination Date		Maturity Date		Mortgage Balance		Interest Rate
SF Hotel	543 rooms	July	2005	August	2015	$	26,043,000	5.22	%
SF Hotel	543 rooms	March	2005	August	2015		17,370,000	6.42	%
		Mortgage notes payable - hotel				$	43,413,000
Austin	249	June	2003	July	2023	$	6,694,000	5.46	%
Florence	157	June	2005	July	2014		3,802,000	4.96	%
Las Colinas	358	November	2012	December	2022		19,326,000	3.73	%
Morris County	151	July	2012	July	2022		10,556,000	3.51	%
St. Louis	264	May	2013	May	2023		6,045,000	4.05	%
Los Angeles	4	September	2012	September	2042		390,000	4.25	%
Los Angeles	2	September	2012	September	2042		395,000	4.25	%
Los Angeles	1	August	2012	September	2042		425,000	4.25	%
Los Angeles	31	January	2010	December	2020		5,570,000	4.85	%
Los Angeles	30	August	2007	September	2022		6,505,000	5.97	%
Los Angeles	27	November	2010	December	2020		3,138,000	4.85	%
Los Angeles	14	April	2011	March	2021		1,805,000	5.89	%
Los Angeles	12	December	2011	January	2022		2,045,000	4.25	%
Los Angeles	9	April	2011	May	2021		1,447,000	5.60	%
Los Angeles	9	April	2011	March	2021		1,230,000	5.89	%
Los Angeles	8	May	2001	November	2029		466,000	2.49	%
Los Angeles	7	August	2012	September	2042		967,000	3.85	%
Los Angeles	4	August	2012	September	2042		661,000	3.85	%
Los Angeles	1	September	2012	September	2042		453,000	4.25	%
Los Angeles	Office	March	2009	March	2014		1,036,000	5.02	%
Los Angeles	Office	September	2000	December	2013		556,000	6.00	%
		Mortgage notes payable - real estate				$	73,512,000

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

Future minimum payments for all notes payable are as follows:

For the year ending June 30,
2015	$	2,845,000
2016		5,130,000
2017		2,339,000
2018		3,088,000
2019		3,239,000
Thereafter		176,001,000
	$	192,642,000