INVESTMENT IN REAL ESTATE, NET

12 Months Ended

Jun. 30, 2019

NOTE 5 – INVESTMENT IN REAL ESTATE, NET

At June 30, 2019, the Company’s investment in real estate consisted of twenty properties located throughout the United States. These properties include sixteen apartment complexes, three single-family houses as strategic investments, and one commercial real estate property. The Company also owns unimproved land located in Maui, Hawaii.

Investment in real estate included the following:


As of June 30,	2019		2018
Land	$	25,033,000	$	25,033,000
Buildings, improvements and equipment		68,369,000		67,536,000
Accumulated depreciation		(41,629,000)		(39,200,000)
	$	51,773,000	$	53,369,000