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MORTGAGE NOTES PAYABLE (Details Textual)
12 Months Ended
Jun. 30, 2016
USD ($)
Mortgage Notes Payable [Line Items]  
Mortgage Loans on Real Estate, Face Amount of Mortgages $ 97,000,000
Mortgage Loans on Real Estate, Interest Rate 5.275%
Mortgage Loans on Real Estate, Final Maturity Date Jan. 01, 2024
Mortgage Loans on Real Estate, Periodic Payment Terms The term of the loan is 10 years with interest only due in the first three years and principle and interest on the remaining seven years of the loan based on a thirty year amortization schedule.
Mezzanine Loan [Member]  
Mortgage Notes Payable [Line Items]  
Mortgage Loans on Real Estate, Face Amount of Mortgages $ 20,000,000
Mortgage Loans on Real Estate, Interest Rate 9.75%
Mortgage Loans on Real Estate, Final Maturity Date Jan. 01, 2024