XML 56 R34.htm IDEA: XBRL DOCUMENT v3.19.3
Basis of Presentation and Significant Accounting Policies (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
Jul. 31, 2019
Sep. 28, 2018
Aug. 31, 2018
Jul. 31, 2018
Jul. 31, 2018
Jul. 31, 2019
Dec. 31, 2013
Sep. 30, 2019
Jun. 30, 2019
May 12, 2017
May 11, 2017
Agreement description               Justice entered into a Hotel management agreement ("HMA") with Interstate Management Company, LLC ("Interstate") to manage the Hotel, along with its five-level parking garage, with an effective takeover date of February 3, 2017. The term of the management agreement is for an initial period of ten years commencing on the takeover date and automatically renews for successive one (1) year periods, to not exceed five years in the aggregate, subject to certain conditions. Under the terms on the HMA, base management fee payable to Interstate shall be one and seven-tenths percent (1.70%) of total Hotel revenue. On August 29, 2019, Interstate announced that it entered into a definitive agreement to merge with Aimbridge Hospitality. The transaction is subject to regulatory and customary closing conditions and is expected to be completed by the end of calendar year 2019.      
Repayment of prior mortgage amount             $ 42,940,000        
Loan amount   $ 1,000,000                  
Bears interest percentage   4.75%                  
Loan outstanding amount               $ 93,397,000 $ 93,746,000    
Drawn to pay off mortgage note payable     $ 1,005,000                
Maturity date description   The note matures in October 2048                  
Debt instrument term   5 years                  
Net proceeds from line of credit   $ 995,000                  
Mortgage Loan [Member]                      
Loan amount             $ 97,000,000        
Bears interest percentage             5.275%        
Debt maturity date             Jan. 31, 2024        
Mezzanine Loan [Member]                      
Loan amount             $ 20,000,000        
Bears interest percentage             9.75%        
Debt maturity date             Jan. 01, 2024        
InterGroup [Member]                      
Power to vote percentage interest       44.60% 44.60%            
Variable interest rate LIBOR       The RLOC carries a variable interest rate of 30-day LIBOR plus 3%.              
Mortgage due to related party amount $ 2,969,000         $ 2,969,000          
Maturity date description           July 24, 2019 to July 23, 2020          
Increase in line of credit facility           $ 3,000,000          
InterGroup [Member] | CIBC Bank [Member]                      
Revolving lie of credit amount       $ 5,000,000 $ 5,000,000            
InterGroup [Member] | Mortgage Loan [Member]                      
Loan amount                   $ 97,000,000 $ 97,000,000
InterGroup [Member] | Mezzanine Loan [Member]                      
Loan amount                   $ 20,000,000 $ 20,000,000
Portsmouth [Member]                      
Ownership interest percentage               68.80%      
Portsmouth [Member] | InterGroup [Member]                      
Ownership interest percentage               13.40%      
Santa Fe [Member]                      
Power to vote percentage interest       55.40% 55.40%     86.30%      
Santa Fe [Member] | Chairman and President [Member]                      
Power to vote percentage interest               4.00%      
Cred Reit Holdco LLC [Member] | New Mezzanine Loan Agreement [Member]                      
Loan amount $ 20,000,000         $ 20,000,000          
Bears interest percentage 7.25%                    
Debt maturity date Jan. 01, 2024                    
Annum interest rate paid off percentage 9.75%         9.75%          
Intergroup Woodland Village, Inc [Member]                      
Drawn to pay off mortgage note payable         $ 2,969,000