INVESTMENT IN REAL ESTATE AND MORTGAGE AND OTHER NOTES PAYABLE (Tables) (Apartment Building [Member])

6 Months Ended

Dec. 31, 2014

Apartment Building [Member]

Real Estate Properties [Line Items]

Schedule of Real Estate Properties [Table Text Block]

Investment in real estate consisted of the following:

As of	December 31, 2014		June 30, 2014
Land	$	24,741,000	$	25,781,000
Buildings, improvements and equipment		72,882,000		74,039,000
Accumulated depreciation		(36,194,000)		(36,123,000)
Investment in real estate, net	$	61,429,000	$	63,697,000