INVESTMENT IN REAL ESTATE, NET (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Investment in real estate, net	$ 55,768,000	$ 63,697,000
Apartment Building [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation	(32,513,000)	(36,123,000)
Apartment Building [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Cost	23,453,000	25,781,000
Apartment Building [Member] | Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 64,828,000	$ 74,039,000