INVESTMENT IN REAL ESTATE, NET (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Investment in real estate, net	$ 56,356,000	$ 55,768,000
Apartment Building [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation	(34,606,000)	(32,513,000)
Apartment Building [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Cost	25,033,000	23,453,000
Apartment Building [Member] | Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 65,929,000	$ 64,828,000