INVESTMENT IN REAL ESTATE, NET (Tables)

12 Months Ended

Jun. 30, 2017

Apartment Building [Member]

Real Estate Properties [Line Items]

Schedule of Real Estate Properties [Table Text Block]

Investment in real estate included the following:

As of June 30,	2017		2016
Land	$	25,033,000	$	25,033,000
Buildings, improvements and equipment		66,804,000		65,929,000
Accumulated depreciation		(36,853,000)		(34,606,000)
	$	54,984,000	$	56,356,000