SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

List of Investments

The below list of investments would have been accounted for under the equity method if the fair value method had not been elected and have been included in investments in the consolidated balance sheet as of September 30, 2021:

Investee	Legal Form	Asset Type	% Ownership			Fair Value as of September 30, 2021
FSP Satellite Place	Corporation	Non Traded Company		39.82	%	$	2,792,141
5210 Fountaingate, LP	Limited Partnership	LP Interest		9.92	%		2,000
Bishop Berkeley, LLC	Limited Liability Company	LP Interest		69.03	%		8,991
BP3 Affiliate, LLC	Limited Liability Company	LP Interest		12.51	%		1,668,000
Britannia Preferred Members, LLC - Class 1	Limited Liability Company	LP Interest		26.99	%		6,656,000
Britannia Preferred Members, LLC - Class 2	Limited Liability Company	LP Interest		40.28	%		5,519,430
Capitol Hill Partners, LLC	Limited Liability Company	LP Interest		23.33	%		1,073,500
Citrus Park Hotel Holdings, LLC	Limited Liability Company	LP Interest		35.27	%		5,000,000
Dimensions 28, LLP	Limited Partnership	LP Interest		90.00	%		12,992,292
Lakemont Partners, LLC	Limited Liability Company	LP Interest		17.10	%		814,410
Secured Income L.P.	Limited Partnership	LP Interest		6.57	%		306,536
Total						$	36,833,300