INVESTMENT IN REAL ESTATE, NET (Tables)

9 Months Ended

Mar. 31, 2013

Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule of Real Estate Properties [Table Text Block]

The Company owns and operates a 27-unit and 2-unit multi-family apartment complex located in Los Angeles, California and owns land held for development located in Maui, Hawaii. Investment in real estate consisted of the following:  

As of	March 31, 2013		June 30, 2012
Land	$	2,430,000	$	2,430,000
Buildings, improvements and equipment		2,580,000		2,580,000
Accumulated depreciation		(925,000)		(878,000)
		4,085,000		4,132,000
Land held for development		973,000		973,000
Investment in real estate, net	$	5,058,000	$	5,105,000