CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net (loss) income	$ (6,748,000)	$ 625,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Net unrealized loss on marketable securities	128,000	1,003,000
Unrealized (gain) loss on other investments and derivative instruments	(181,000)	216,000
Impairment loss on other investments	101,000	105,000
Gain on insurance recovery	(249,000)	(404,000)
Loss on extinguishment of debt	3,910,000	0
Loss on disposal of assets	1,092,000	0
Depreciation and amortization	4,723,000	4,577,000
Stock compensation expense	564,000	412,000
Changes in assets and liabilities:
Investment in marketable securities	1,076,000	(4,646,000)
Other assets, net	(2,005,000)	(536,000)
Accounts payable and other liabilities	6,774,000	723,000
Due to securities broker	163,000	1,033,000
Obligations for securities sold	(2,390,000)	1,834,000
Deferred taxes	(3,674,000)	(364,000)
Net cash provided by operating activities	3,284,000	4,578,000
Cash flows from investing activities:
Investment in hotel, net	(3,696,000)	(3,486,000)
Investment in real estate, net	(337,000)	(1,930,000)
Proceeds from (payments for) other investments	(477,000)	60,000
Investment in Santa Fe	(76,000)	(156,000)
Investment in Portsmouth	(2,000)	(75,000)
Net cash used in investing activities	(4,588,000)	(5,587,000)
Cash flows from financing activities:
Proceeds from mortgage notes payable	156,660,000	39,240,000
Payments of mortgage and other notes payable	(86,448,000)	(37,767,000)
Restricted cash for redemption and mortgage impounds	(17,697,000)	(471,000)
Redemption payments and dividends to noncontrolling interest	(2,928,000)	0
Distributions to noncontrolling interest	(45,061,000)	(636,000)
Purchase of treasury stock	(5,000)	(56,000)
Proceeds from exercise of options	35,000	52,000
Net cash provided by financing activities	4,556,000	362,000
Net increase (decrease) in cash and cash equivalents	3,252,000	(647,000)
Cash and cash equivalents at the beginning of the year	1,453,000	2,100,000
Cash and cash equivalents at the end of the year	4,705,000	1,453,000
Supplemental information:
Income tax paid	180,000	327,000
Interest paid	$ 8,932,000	$ 6,803,000