INVESTMENT IN REAL ESTATE, NET (Tables)

9 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

SCHEDULE OF INVESTMENT IN REAL ESTATE

Investment in real estate consisted of the following:

As of	March 31, 2022			June 30, 2021
Land	$	22,998,000		$	22,998,000
Buildings, improvements and equipment		69,888,000			68,173,000
Accumulated depreciation		(46,729,000	)		(44,930,000	)
		46,157,000			46,241,000
Land held for development		1,468,000			1,468,000
Investment in real estate, net	$	47,625,000		$	47,709,000