Mortgage Notes Payable (Tables)

12 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Mortgage Note Payable

As of June 30, 2021 and 2020, the mortgage notes payables are summarized as follows:

	As of June 30, 2021
	Number	Note		Note
Property	of Units	Origination Date		Maturity Date		Mortgage Balance			Interest Rate
SF Hotel	544 rooms	December	2013	January	2024	$	90,745,000			5.28	%
SF Hotel	544 rooms	July	2019	January	2024		20,000,000			7.25	%
		Mortgage notes payable - Hotel					110,745,000
		Debt issuance costs					(611,000	)
		Total mortgage notes payable - Hotel				$	110,134,000
Florence	157	March	2015	April	2025	$	3,076,000			3.87	%
Las Colinas	358	November	2012	December	2022		16,065,000			3.73	%
Morris County	151	April	2020	May	2030		17,975,000			3.17	%
St. Louis	264	May	2013	May	2023		5,100,000			4.05	%
Los Angeles	4	September	2012	September	2042		323,000			3.75	%
Los Angeles	2	September	2012	September	2042		327,000			3.75	%
Los Angeles	1	June	2021	August	2051		920,000			3.50	%
Los Angeles	31	October	2020	November	2030		8,400,000			2.52	%
Los Angeles	30	August	2007	September	2022		5,453,000			5.97	%
Los Angeles	14	January	2021	February	2031		2,761,000			3.05	%
Los Angeles	12	June	2016	June	2026		2,077,000			3.59	%
Los Angeles	9	June	2020	July	2030		2,552,000			3.09	%
Los Angeles	9	November	2020	December	2030		1,975,000			3.05	%
Los Angeles	8	July	2013	July	2043		416,000			3.75	%
Los Angeles	7	August	2012	September	2042		798,000			3.75	%
Los Angeles	4	June	2021	August	2051		1,155,000			3.50	%
Los Angeles	1	June	2021	August	2051		555,000			3.50	%
Los Angeles	1	September	2018	October	2048		957,000			4.75	%
		Mortgage notes payable - real estate					70,885,000
		Debt issuance costs					(626,000	)
		Total mortgage notes payable - real estate				$	70,259,000

	As of June 30, 2020
	Number	Note		Note
Property	of Units	Origination Date		Maturity Date		Mortgage Balance			Interest Rate
SF Hotel	544 rooms	December	2013	January	2024	$	92,292,000			5.28	%
SF Hotel	544 rooms	July	2019	January	2024		20,000,000			7.25	%
		Mortgage notes payable - Hotel					112,292,000
		Debt issuance costs					(896,000	)
		Total mortgage notes payable - Hotel				$	111,396,000
Florence	157	March	2015	April	2025	$	3,150,000			3.87	%
Las Colinas	358	November	2012	December	2022		16,529,000			3.73	%
Morris County	151	April	2020	May	2030		18,341,000			3.17	%
St. Louis	264	May	2013	May	2023		5,236,000			4.05	%
Los Angeles	4	September	2012	September	2042		333,000			3.75	%
Los Angeles	2	September	2012	September	2042		337,000			3.75	%
Los Angeles	1	August	2012	September	2042		363,000			3.75	%
Los Angeles	31	November	2010	December	2020		4,800,000			4.85	%
Los Angeles	30	August	2007	September	2022		5,614,000			5.97	%
Los Angeles	14	April	2011	March	2021		1,597,000			5.89	%
Los Angeles	12	June	2016	June	2026		2,125,000			3.59	%
Los Angeles	9	June	2020	July	2030		2,600,000			3.09	%
Los Angeles	9	April	2011	March	2021		1,088,000			5.89	%
Los Angeles	8	July	2013	July	2043		428,000			3.75	%
Los Angeles	7	August	2012	September	2042		823,000			3.75	%
Los Angeles	4	August	2012	September	2042		563,000			3.75	%
Los Angeles	1	September	2012	September	2042		388,000			3.75	%
Los Angeles	1	September	2018	October	2048		974,000			4.75	%
Los Angeles	Office	April	2016	January	2021		770,000			2.67	%
		Mortgage notes payable - real estate					66,059,000
		Debt issuance costs					(447,000	)
		Total mortgage notes payable - real estate				$	65,612,000

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,
2022	$	3,209,000
2023		28,480,000
2024		108,418,000
2025		3,808,000
2026		1,006,000
Thereafter		36,710,000
	$	181,631,000