Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 193,935	$ 26,983
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred rent and amortization of intangible assets, liabilities and lease inducements	(2,379)	(1,611)
Depreciation and amortization	17,231	18,058
Transfer of right to collect supplemental real estate tax reimbursements	(5,097)	0
Gain on sale of real estate	(187,734)	(24,739)
Straight line rent, below-market ground lease and amortization of intangible assets	441	443
Amortization of deferred loan costs	308	826
Amortization of premiums and discounts on debt	(160)	(211)
Unrealized premium adjustment	395	253
Amortization and accretion on loans receivable, net	67	(200)
Bad debt expense (recovery)	65	(168)
Deferred income taxes	183	42
Stock-based compensation	49	32
Loans funded, held for sale to secondary market	(6,303)	(10,043)
Proceeds from sale of guaranteed loans	9,336	6,765
Principal collected on loans subject to secured borrowings	1,554	429
Other operating activity	(106)	1,246
Changes in operating assets and liabilities:
Accounts receivable and interest receivable	261	(1,397)
Other assets	(3,510)	(5,810)
Accounts payable and accrued expenses	(4,986)	129
Deferred leasing costs	(910)	(3,943)
Other liabilities	1,022	(109)
Due to related parties	(99)	93
Net cash provided by operating activities	13,563	7,068
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to investments in real estate	(3,305)	(7,368)
Proceeds from sale of real estate property, net	289,939	42,782
Loans funded	(2,101)	(23,734)
Principal collected on loans	2,153	2,361
Restricted cash	4,385	(42,565)
Other investing activity	56	73
Net cash provided by (used in) investing activities	291,127	(28,451)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of mortgages payable	(26,477)	(1,068)
Payment of principal on secured borrowings	(1,554)	(429)
Proceeds from secured borrowings	0	9,897
Payment of deferred preferred stock offering costs	(261)	0
Payment of deferred loan costs	(4)	0
Payment of common dividends	(18,386)	(21,365)
Payment of borrowing costs	(6)	0
Net proceeds from issuance of Warrants	4	0	$ 9
Net proceeds from issuance of Series A Preferred Stock	1,900	0
Payment of preferred stock dividends	(9)	0
Net cash used in financing activities	(44,793)	(12,965)
Change in cash balances included in assets held for sale	0	(2,296)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	259,897	(36,644)
CASH AND CASH EQUIVALENTS:
Beginning of period	144,449	139,101
End of period	404,346	102,457	404,346
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	9,718	6,205
Federal income taxes paid	0	0
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Additions to investments in real estate included in accounts payable and accrued expenses	8,203	7,663
Net increase (decrease) in fair value of derivatives applied to other comprehensive income (loss)	1,552	(7,925)
Reduction of loan receivable and secured borrowings due to the SBA's repurchase of the guaranteed portion of a loan	0	953
Additions to preferred stock offering costs included in accounts payable and accrued expenses	342	0
Accrual of dividends payable to preferred stockholders	31	0	$ 31
Preferred stock offering costs offset against redeemable preferred stock	$ 5	$ 0