INVESTMENT IN REAL ESTATE, NET (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Investment in real estate, net	$ 38,504,000	$ 37,883,000
Apartment Building [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation	(1,018,000)	(1,002,000)
Real Estate Investments, Net	3,992,000	4,008,000
Land held for development	973,000	973,000
Investment in real estate, net	4,965,000	4,981,000
Land [Member] | Apartment Building [Member]
Property, Plant and Equipment [Line Items]
Cost	2,430,000	2,430,000
Buildings, Improvements and Equipment [Member] | Apartment Building [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 2,580,000	$ 2,580,000