MORTGAGE NOTES PAYABLE (Tables)

12 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Schedule Of Mortgage Notes Payable [Table Text Block]

Each mortgage note payable is secured by its respective land and building. As of June 30, 2014 and 2013, the Company had the following mortgages:

June 30, 2014		June 30, 2013		Interest Rate	Origination Date	Maturity Date
$	97,000,000	$	-	Fixed 5.28%	December 18, 2013	January 1, 2024
	20,000,000		-	Fixed 9.75%	December 18, 2013	January 1, 2024
	-		26,043,000	Fixed 5.22%	July 27, 2005	August 5, 2015
	-		17,370,000	Fixed 6.42%	March 27, 2007	August 5, 2015
$	117,000,000	$	43,413,000	Total mortgage notes payable - hotel
$	3,084,000	$	3,138,000	Fixed 4.85%	November 4, 2010	December 1, 2020
	388,000		395,000	Fixed 4.25%	September 1, 2012	September 1, 2042
$	3,472,000	$	3,533,000	Total mortgage notes payable - real estate

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

Future minimum payments for all notes payable are as follows:

For the year ending June 30,
2015	$	231,000
2016		135,000
2017		794,000
2018		1,473,000
2019		1,552,000
Thereafter		116,569,000
	$	120,754,000