INVESTMENT IN REAL ESTATE (Details) - USD ($)	Mar. 31, 2017	Jun. 30, 2016
Property, Plant and Equipment [Line Items]
Cost	$ 94,720,000	$ 94,503,000
Accumulated depreciation	(51,905,000)	(49,682,000)
Investment in real estate, net	55,382,000	56,356,000
Apartment Building [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation	(36,285,000)	(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	$ 66,634,000	$ 65,929,000