MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Schedule Of Mortgage Notes Payable [Table Text Block]

As of June 30, 2015 and 2014, the mortgage notes payable are summarized as follows:

	As of June 30, 2015
	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
Florence	157	March	2015	April	2025	$	3,482,000		3.87	%
Las Colinas	358	November	2012	December	2022		18,600,000		3.73	%
Morris County	151	July	2012	July	2022		9,992,000		3.51	%
Morris County	151	June	2014	August	2022		2,701,000		4.51	%
St. Louis	264	May	2013	May	2023		5,837,000		4.05	%
Los Angeles	4	September	2012	September	2042		377,000		3.75	%
Los Angeles	2	September	2012	September	2042		381,000		3.75	%
Los Angeles	1	August	2012	September	2042		410,000		4.25	%
Los Angeles	31	January	2010	December	2020		5,376,000		4.85	%
Los Angeles	30	August	2007	September	2022		6,287,000		5.97	%
Los Angeles	27	November	2010	December	2020		3,029,000		4.85	%
Los Angeles	14	April	2011	March	2021		1,754,000		5.89	%
Los Angeles	12	December	2011	January	2022		1,969,000		4.25	%
Los Angeles	9	April	2011	May	2021		1,404,000		5.60	%
Los Angeles	9	April	2011	March	2021		1,195,000		5.89	%
Los Angeles	8	July	2013	July	2043		482,000		3.75	%
Los Angeles	7	August	2012	September	2042		931,000		3.75	%
Los Angeles	4	August	2012	September	2042		638,000		3.75	%
Los Angeles	1	September	2012	September	2042		438,000		3.75	%
Los Angeles	Office	January	2015	January	2016		950,000		3.68	%
		Mortgage notes payable - real estate				$	66,233,000

	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

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,
2016	$	2,548,000
2017		2,247,000
2018		2,918,000
2019		3,059,000
2020		3,208,000
Thereafter		169,566,000
	$	183,546,000