MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Jun. 30, 2019

MORTGAGE NOTES PAYABLE

Schedule of mortgage note payable

Each mortgage notes payable is secured by real estate or the Hotel. As of June 30, 2019 and 2018, the mortgage notes payables are summarized as follows:

	As of June 30, 2019
	Number	Note		Note
Property	of Units	Origination Date		Maturity Date		Mortgage Balance		Interest Rate
SF Hotel	544 rooms	December	2013	January	2024	$	93,746,000	5.28	%
SF Hotel	544 rooms	December	2013	January	2024		20,000,000	9.75	%
		Mortgage notes payable - Hotel					113,746,000
		Debt issuance costs					(659,000)
		Total mortgage notes payable - Hotel				$	113,087,000
Florence	157	March	2015	April	2025	$	3,222,000	3.87	%
Las Colinas	358	November	2012	December	2022		16,974,000	3.73	%
Morris County	151	July	2012	August	2022		8,737,000	3.51	%
Morris County	151	June	2014	August	2022		2,512,000	4.51	%
St. Louis	264	May	2013	May	2023		5,365,000	4.05	%
Los Angeles	4	September	2012	September	2042		343,000	3.75	%
Los Angeles	2	September	2012	September	2042		347,000	3.75	%
Los Angeles	1	August	2012	September	2042		373,000	3.75	%
Los Angeles	31	November	2010	December	2020		4,927,000	4.85	%
Los Angeles	30	August	2007	September	2022		5,765,000	5.97	%
Los Angeles	14	April	2011	March	2021		1,632,000	5.89	%
Los Angeles	12	June	2016	June	2026		2,172,000	3.59	%
Los Angeles	9	April	2011	May	2021		1,303,000	5.60	%
Los Angeles	9	April	2011	March	2021		1,112,000	5.89	%
Los Angeles	8	July	2013	July	2043		440,000	3.75	%
Los Angeles	7	August	2012	September	2042		846,000	3.75	%
Los Angeles	4	August	2012	September	2042		579,000	3.75	%
Los Angeles	1	September	2012	September	2042		399,000	3.75	%
Los Angeles	1	September	2018	October	2048		990,000	4.75	%
Los Angeles	Office	April	2016	January	2021		806,000	4.91	%
		Mortgage notes payable - real estate					58,844,000
		Debt issuance costs					(273,000)
		Total mortgage notes payable - real estate				$	58,571,000

	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

Schedule of future minimum payment for mortgage notes payable

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

For the year ending June 30,
2020	$	3,054,000
2021		12,483,000
2022		3,095,000
2023		37,812,000
2024		107,656,000
Thereafter		8,489,000
	$	172,589,000