INVESTMENT IN REAL ESTATE (Tables)

3 Months Ended

Sep. 30, 2017

Apartment Building [Member]

Real Estate Properties [Line Items]

Schedule of Real Estate Properties [Table Text Block]

Investment in real estate consisted of the following:

As of	September 30, 2017		June 30, 2017
Land	$	25,033,000	$	25,033,000
Buildings, improvements and equipment		67,076,000		66,804,000
Accumulated depreciation		(37,428,000)		(36,853,000)
Investment in real estate, net	$	54,681,000	$	54,984,000