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INVESTMENT IN REAL ESTATE, NET | 9 Months Ended
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Mar. 31, 2025
Real Estate [Abstract] |
INVESTMENT IN REAL ESTATE, NET | NOTE 5 – INVESTMENT IN REAL ESTATE, NET The Company’s investment in real estate includes sixteen apartment complexes, one commercial real estate property and three single-family houses. The properties are located throughout the United States, but are concentrated in Dallas, Texas and Southern California. The Company also has an investment in unimproved land located in Maui, Hawaii. Investment in real estate consisted of the following: SCHEDULE OF INVESTMENT IN REAL ESTATE
As of |  | March 31, 2025 |  |  | June 30, 2024 |
Land |  | $ | 22,998,000 |  |  | $ | 22,998,000 |
Buildings, improvements and equipment |  |  | 76,789,000 |  |  |  | 75,460,000 |
Accumulated depreciation |  |  | (55,082,000 | ) |  |  | (52,846,000 | )
Investment in real estate, gross |  |  | 44,705,000 |  |  |  | 45,612,000 |
Land held for development |  |  | 1,930,000 |  |  |  | 1,930,000 |
Investment in real estate, net |  | $ | 46,635,000 |  |  | $ | 47,542,000 |
Building, improvements, and equipment are stated at cost, depreciated on a straight-line basis over their useful lives ranging from 5 to 40 years. During the nine months ended March 31, 2025, the Company invested $1,329,000 in capitalized improvements. Depreciation expense related to our investment in real estate for the nine months ended March 31, 2025 and 2024 are $2,236,000 and $2,092,000, respectively.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 974 -SubTopic 720 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477728/974-720-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/976/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/978/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/970/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/972/tableOfContent Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/974/tableOfContent + Details
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