CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net loss	$ (584,000)	$ (8,755,000)
Adjustments to reconcile net loss to net cash provided by operating activities:
Net unrealized loss on marketable securities	3,040,000	6,001,000
Deferred taxes	386,000	(4,103,000)
Depreciation	3,893,000	3,849,000
Amortization	84,000	84,000
Loss on disposal of assets	0	30,000
Unrealized loss on other investments	0	127,000
Impairment loss on other investments	165,000	547,000
Stock compensation expense	206,000	407,000
Changes in operating assets and liabilities:
Investment in marketable securities	(3,980,000)	(284,000)
Other assets	2,752,000	4,500,000
Accounts payable and other liabilities	(2,548,000)	(1,388,000)
Due to securities broker	1,802,000	(302,000)
Obligations for securities sold	1,656,000	71,000
Net cash provided by operating activities	6,872,000	784,000
Cash flows from investing activities:
Investment in hotel, net	(207,000)	(3,496,000)
Investment in real estate, net	(705,000)	(2,563,000)
Payments for other investments	(360,000)	0
Investment in Santa Fe	(34,000)	(120,000)
Investment in Portsmouth	(36,000)	(113,000)
Net cash used in investing activities	(1,342,000)	(6,292,000)
Cash flows from financing activities:
Restricted cash - (payments) withdrawal of mortgage impounds	(1,096,000)	501,000
Net (payments to) proceeds from mortgage and other notes payable	(3,103,000)	4,010,000
Redemption of noncontrolling interest	0	(50,000)
Purchase of treasury stock	(452,000)	(204,000)
Net cash (used in) provided by financing activities	(4,651,000)	4,257,000
Net increase (decrease) in cash and cash equivalents	879,000	(1,251,000)
Cash and cash equivalents at the beginning of the period	5,404,000	8,529,000
Cash and cash equivalents at the end of the period	6,283,000	7,278,000
Supplemental information:
Interest paid	7,801,000	7,665,000
Non-cash transaction:
Key money incentive fee	2,000,000	0
Conversion of other investments to marketable securities	$ 0	$ 13,231,000