SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 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 December 31, 2021 and June 30, 2021:

Investee	Legal Form	Asset Type	% Ownership			Fair Value as of December 31, 2021
FSP Satellite Place	Corporation	Non Traded Company		39.82	%	$	3,010,784
5210 Fountaingate, LP	Limited Partnership	LP Interest		9.92	%		2,000
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	%		6,864,000
Britannia Preferred Members, LLC - Class 2	Limited Liability Company	LP Interest		40.28	%		5,295,921
Capitol Hill Partners, LLC	Limited Liability Company	LP Interest		23.33	%		1,065,900
Citrus Park Hotel Holdings, LLC	Limited Liability Company	LP Interest		35.27	%		5,000,000
Dimensions 28, LLP	Limited Partnership	LP Interest		90.00	%		14,640,912
Lakemont Partners, LLC	Limited Liability Company	LP Interest		17.10	%		799,550
Secured Income L.P.	Limited Partnership	LP Interest		6.57	%		309,123
Total						$	38,656,190

Investee	Legal Form	Asset Type	% Ownership			Fair Value as of June 30, 2021
FSP Satellite Place	Corporation	Non Traded Company		35.60	%	$	2,867,911
5210 Fountaingate, LP	Limited Partnership	LP Interest		9.92	%		30,574
Bishop Berkeley, LLC	Limited Liability Company	LP Interest		69.03	%		5,142,164
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	%		6,864,000
Britannia Preferred Members, LLC - Class 2	Limited Liability Company	LP Interest		40.28	%		5,891,945
Capitol Hill Partners, LLC	Limited Liability Company	LP Interest		25.93	%		1,007,000
Citrus Park Hotel Holdings, LLC	Limited Liability Company	LP Interest		35.27	%		5,000,000
Dimensions 28, LLP	Limited Partnership	LP Interest		90.00	%		11,449,296
Lakemont Partners, LLC	Limited Liability Company	LP Interest		17.02	%		817,770
Secured Income L.P.	Limited Partnership	LP Interest		6.57	%		267,734
Total						$	40,590,394