INVESTMENT IN REAL ESTATE (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Property, Plant and Equipment [Line Items]
Investment in real estate, net	$ 55,856,000	$ 56,356,000
Apartment Building [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation	(35,721,000)	(34,606,000)
Apartment Building [Member] | Land [Member]
Property, Plant and Equipment [Line Items]
Cost	25,033,000	25,033,000
Apartment Building [Member] | Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 66,544,000	$ 65,929,000