MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Schedule Of Mortgage Notes Payable [Table Text Block]

Each mortgage notes payable is secured by real estate or the Hotel. As of June 30, 2017, and 2016, the mortgage notes payable are summarized as follows:

	As of June 30, 2017
		Number	Note		Note
Property		of Units	Origination Date		Maturity Date		Mortgage Balance		Interest Rate
SF Hotel		543 rooms	December	2013	January	2024	$	96,343,000		5.28	%
SF Hotel		543 rooms	December	2013	January	2024		20,000,000		9.75	%
			Mortgage notes payable - Hotel					116,343,000
			Debt issuance costs					(728,000)
			Total mortgage notes payable - Hotel				$	115,615,000
Florence		157	March	2015	April	2025	$	3,357,000		3.87	%
Las Colinas		358	November	2012	December	2022		17,818,000		3.73	%
Morris County		151	July	2012	August	2022		9,387,000		3.51	%
Morris County		151	June	2014	August	2022		2,611,000		4.51	%
St. Louis		264	May	2013	May	2023		5,611,000		4.05	%
Los Angeles		4	September	2012	September	2042		360,000		3.75	%
Los Angeles		2	September	2012	September	2042		364,000		3.75	%
Los Angeles		1	August	2012	September	2042		392,000		3.75	%
Los Angeles		31	January	2010	December	2020		5,165,000		4.85	%
Los Angeles		30	August	2007	September	2022		6,041,000		5.97	%
Los Angeles		27	November	2010	December	2020		2,909,000		4.85	%
Los Angeles		14	April	2011	March	2021		1,697,000		5.89	%
Los Angeles		12	June	2016	June	2026		2,261,000		3.59	%
Los Angeles		9	April	2011	May	2021		1,356,000		5.60	%
Los Angeles		9	April	2011	March	2021		1,156,000		5.89	%
Los Angeles		8	July	2013	July	2043		461,000		3.75	%
Los Angeles		7	August	2012	September	2042		890,000		3.75	%
Los Angeles		4	August	2012	September	2042		610,000		3.75	%
Los Angeles		1	September	2012	September	2042		418,000		3.75	%
Los Angeles		1	August	2016	August	2018		1,000,000		5.25	%
Los Angeles		Office	April	2016	January	2021		878,000		3.99	%
			Mortgage notes payable - real estate					64,742,000
			Debt issuance costs					(444,000)
			Total mortgage notes payable - real estate				$	64,298,000

	As of June 30, 2016
		Number	Note		Note
Property		of Units	Origination Date		Maturity Date		Mortgage Balance		Interest Rate
SF Hotel		543 rooms	December	2013	January	2024	$	97,000,000		5.28	%
SF Hotel		543 rooms	December	2013	January	2024		20,000,000		9.75	%
			Mortgage notes payable - Hotel					117,000,000
			Debt issuance costs					(840,000)
			Total mortgage notes payable - Hotel				$	116,160,000
Florence		157	March	2015	April	2025	$	3,421,000		3.87	%
Las Colinas		358	November	2012	December	2022		18,217,000		3.73	%
Morris County		151	July	2012	July	2022		9,696,000		3.51	%
Morris County		151	June	2014	August	2022		2,658,000		4.51	%
St. Louis		264	May	2013	May	2023		5,726,000		4.05	%
Los Angeles		4	September	2012	September	2042		369,000		3.75	%
Los Angeles		2	September	2012	September	2042		372,000		3.75	%
Los Angeles		1	August	2012	September	2042		401,000		3.75	%
Los Angeles		31	January	2010	December	2020		5,274,000		4.85	%
Los Angeles		30	August	2007	September	2022		6,168,000		5.97	%
Los Angeles		27	November	2010	December	2020		2,971,000		4.85	%
Los Angeles		14	April	2011	March	2021		1,726,000		5.89	%
Los Angeles		12	June	2016	June	2026		2,300,000		3.59	%
Los Angeles		9	April	2011	May	2021		1,381,000		5.60	%
Los Angeles		9	April	2011	March	2021		1,176,000		5.89	%
Los Angeles		8	July	2013	July	2043		472,000		3.75	%
Los Angeles		7	August	2012	September	2042		911,000		3.75	%
Los Angeles		4	August	2012	September	2042		624,000		3.75	%
Los Angeles		1	September	2012	September	2042		428,000		3.75	%
Los Angeles		Office	April	2016	January	2021		914,000		3.99	%
			Mortgage notes payable - Hotel					65,205,000
			Debt issuance costs					(533,000)
			Total mortgage notes payable - Hotel				$	64,672,000

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

Future minimum payments for all mortgage notes payable are as follows:

For the year ending June 30,
2018	$	2,957,000
2019		3,099,000
2020		4,246,000
2021		3,229,000
2022		3,228,000
Thereafter		164,326,000
	$	181,085,000