INVESTMENT IN REAL ESTATE, NET (Tables)

6 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

SCHEDULE OF INVESTMENT IN REAL ESTATE

Investment in real estate consisted of the following:

As of	December 31, 2021			June 30, 2021
Land	$	22,998,000		$	22,998,000
Buildings, improvements and equipment		68,827,000			68,173,000
Accumulated depreciation		(46,120,000	)		(44,930,000	)
		45,705,000			46,241,000
Land held for development		1,468,000			1,468,000
Investment in real estate, net	$	47,173,000		$	47,709,000