INVESTMENT IN REAL ESTATE, NET (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Line Items]
Investment in real estate, net	$ 63,697,000	$ 65,262,000
Apartment Building [Member]
Property, Plant and Equipment [Line Items]
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)
Investment in real estate, net	$ 63,697,000	$ 65,262,000