INVESTMENT IN REAL ESTATE (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Investment in real estate, net	$ 57,193,000	$ 55,768,000
Apartment Building [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation	(33,513,000)	(32,513,000)
Apartment Building [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Cost	24,828,000	23,453,000
Apartment Building [Member] | Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 65,878,000	$ 64,828,000