CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net (loss) income	$ (8,755,000)	$ 2,490,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	3,849,000	3,716,000
Loss on disposal of assets	30,000	51,000
Gain on sale of real estate	0	(11,100,000)
Net unrealized loss on marketable securities	6,001,000	3,980,000
Unrealized loss on other investments	127,000	98,000
Impairment loss on other investments	547,000	400,000
Stock compensation expense	407,000	688,000
Changes in assets and liabilities:
Investment in marketable securities	(284,000)	(1,403,000)
Other assets	4,584,000	31,000
Accounts payable and other liabilities	(1,388,000)	(2,549,000)
Due to securities broker	(302,000)	1,207,000
Obligations for securities sold	71,000	(175,000)
Deferred taxes	(4,103,000)	2,672,000
Net cash provided by operating activities	784,000	106,000
Cash flows from investing activities:
Net proceeds from sale of real estate	0	17,592,000
Investment in hotel, net	(3,496,000)	(4,081,000)
Investment in real estate, net	(2,563,000)	(485,000)
Payments for other investments	0	(150,000)
Investment in Santa Fe	(120,000)	(92,000)
Investment in Portsmouth	(113,000)	(32,000)
Net cash (used in) provided by investing activities	(6,292,000)	12,752,000
Cash flows from financing activities:
Restricted cash - withdrawal of mortgage impounds	501,000	259,000
Net change in mortgage and other notes payable	4,010,000	(7,651,000)
Redemption of noncontrolling interest	(50,000)	0
Purchase of treasury stock	(204,000)	(60,000)
Net cash provided by (used in) financing activities	4,257,000	(7,452,000)
Net (decrease) increase in cash and cash equivalents	(1,251,000)	5,406,000
Cash and cash equivalents at the beginning of the period	8,529,000	4,705,000
Cash and cash equivalents at the end of the period	7,278,000	10,111,000
Supplemental information:
Interest paid	7,665,000	8,160,000
Non-cash transaction:
Conversion of other investments to marketable securities	$ 13,231,000	$ 0