CONSOLIDATED STATEMENTS OF CASH FLOWS - Entity [Domain] - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ 2,057,000	$ (6,748,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Net unrealized loss on marketable securities	3,062,000	128,000
Unrealized loss (gain) on other investments and derivative instruments	204,000	(181,000)
Impairment loss on other investments	701,000	101,000
Gain on sale of real estate	(11,100,000)	0
Gain on insurance recovery	0	(249,000)
Loss on extinguishment of debt	0	3,910,000
Loss on disposal of assets	47,000	1,092,000
Depreciation and amortization	4,943,000	4,723,000
Stock compensation expense	752,000	564,000
Changes in assets and liabilities:
Investment in marketable securities	2,531,000	1,076,000
Other assets, net	675,000	(2,005,000)
Accounts payable and other liabilities	(361,000)	6,774,000
Due to securities broker	(2,580,000)	163,000
Obligations for securities sold	(153,000)	(2,390,000)
Deferred taxes	(940,000)	(3,674,000)
Net cash (used in) provided by operating activities	(162,000)	3,284,000
Cash flows from investing activities:
Net proceeds from the sale of real estate	17,592,000	0
Investment in hotel, net	(5,083,000)	(3,696,000)
Investment in real estate, net	(604,000)	(337,000)
Payments for other investments	(150,000)	(477,000)
Investment in Santa Fe	(101,000)	(76,000)
Investment in Portsmouth	(32,000)	(2,000)
Net cash provided by (used in) investing activities	11,622,000	(4,588,000)
Cash flows from financing activities:
Proceeds from mortgage notes payable	0	156,660,000
Net payments of mortgage and other notes payable	(8,734,000)	(86,448,000)
Restricted cash for redemption and mortgage impounds	17,277,000	(17,697,000)
Distributions and redemption to noncontrolling interest	(16,163,000)	(47,989,000)
Purchase of treasury stock	(60,000)	(5,000)
Proceeds from exercise of options	44,000	35,000
Net cash (used in) provided by financing activities	(7,636,000)	4,556,000
Net increase in cash and cash equivalents	3,824,000	3,252,000
Cash and cash equivalents at the beginning of the year	4,705,000	1,453,000
Cash and cash equivalents at the end of the year	8,529,000	4,705,000
Supplemental information:
Income tax paid	1,190,000	180,000
Interest paid	$ 10,753,000	$ 8,932,000