MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Jun. 30, 2018

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, 2018 and 2017, the mortgage notes payable are summarized as follows:

	As of June 30, 2018
	Number	Note		Note
Property	of Units	Origination Date		Maturity Date		Mortgage Balance			Interest Rate
SF Hotel	544 rooms	December	2013	January	2024	$	95,018,000			5.28	%
SF Hotel	544 rooms	December	2013	January	2024		20,000,000			9.75	%
		Mortgage notes payable - Hotel					115,018,000
		Debt issuance costs					(646,000	)
		Total mortgage notes payable - Hotel				$	114,372,000
Florence	157	March	2015	April	2025	$	3,291,000			3.87	%
Las Colinas	358	November	2012	December	2022		17,404,000			3.73	%
Morris County	151	July	2012	August	2022		9,068,000			3.51	%
Morris County	151	June	2014	August	2022		2,563,000			4.51	%
St. Louis	264	May	2013	May	2023		5,491,000			4.05	%
Los Angeles	4	September	2012	September	2042		352,000			3.75	%
Los Angeles	2	September	2012	September	2042		356,000			3.75	%
Los Angeles	1	August	2012	September	2042		383,000			3.75	%
Los Angeles	31	November	2010	December	2020		5,048,000			4.85	%
Los Angeles	30	August	2007	September	2022		5,907,000			5.97	%
Los Angeles	27	November	2010	December	2020		2,843,000			4.85	%
Los Angeles	14	April	2011	March	2021		1,665,000			5.89	%
Los Angeles	12	June	2016	June	2026		2,218,000			3.59	%
Los Angeles	9	April	2011	May	2021		1,331,000			5.60	%
Los Angeles	9	April	2011	March	2021		1,135,000			5.89	%
Los Angeles	8	July	2013	July	2043		451,000			3.75	%
Los Angeles	7	August	2012	September	2042		868,000			3.75	%
Los Angeles	4	August	2012	September	2042		594,000			3.75	%
Los Angeles	1	September	2012	September	2042		409,000			3.75	%
Los Angeles	1	August	2016	August	2018		1,000,000			5.75	%
Los Angeles	Office	April	2016	January	2021		842,000			4.55	%
		Mortgage notes payable - real estate					63,219,000
		Debt issuance costs					(346,000	)
		Total mortgage notes payable - real estate				$	62,873,000

	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	November	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

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,
2019	$	3,995,000
2020		3,104,000
2021		15,172,000
2022		3,079,000
2023		37,825,000
Thereafter		115,062,000
	$	178,237,000