INVESTMENT IN REAL ESTATE (Tables)

6 Months Ended

Dec. 31, 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	December 31, 2017		June 30, 2017
Land	$	25,033,000	$	25,033,000
Buildings, improvements and equipment		67,382,000		66,804,000
Accumulated depreciation		(38,013,000)		(36,853,000)
Investment in real estate, net	$	54,402,000	$	54,984,000