SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2023

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 sheets as of March 31, 2023 and June 30, 2022:

Investee	Legal Form	Asset Type	% Ownership				Fair Value as of March 31, 2023
5210 Fountaingate, LP	Limited Partnership	LP Interest		9.92	%		$	6,820
Capitol Hill Partners, LLC	Limited Liability Company	LP Interest		23.33	%		$	1,455,400
Citrus Park Hotel Holdings, LLC	Limited Liability Company	LP Interest		35.27	%		$	4,100,000
Dimensions 28, LLP	Limited Partnership	LP Interest		90.00	%		$	389,664
Lakemont Partners, LLC	Limited Liability Company	LP Interest		17.10	%		$	837,860
Green Valley Medical Center, LP	Limited Partnership	GP Interest		1.00	%	*	$	2,596,500
Martin Plaza Associates, LP	Limited Partnership	GP Interest		1.00	%	*	$	640,000
One Harbor Center, LP	Limited Partnership	GP Interest		1.00	%	*	$	4,236,500
Westside Professional Center I, LP	Limited Partnership	GP Interest		1.00	%	*	$	1,849,000
Total							$	16,111,744

Investee	Legal Form	Asset Type	% Ownership				Fair Value as of June 30, 2022
5210 Fountaingate, LP	Limited Partnership	LP Interest		9.92	%		$	6,820
Capitol Hill Partners, LLC	Limited Liability Company	LP Interest		23.33	%		$	1,518,100
Citrus Park Hotel Holdings, LLC	Limited Liability Company	LP Interest		35.27	%		$	5,000,000
Dimensions 28, LLP	Limited Partnership	LP Interest		90.00	%		$	19,512,036
Lakemont Partners, LLC	Limited Liability Company	LP Interest		17.10	%		$	806,290
Secured Income L.P.	Limited Partnership	LP Interest		6.57	%		$	520,594
1300 Main, LP	Limited Partnership	GP Interest		1.00	%	*	$	1,688,000
First & Main, LP	Limited Partnership	GP Interest		1.00	%	*	$	2,237,000
Green Valley Medical Center, LP	Limited Partnership	GP Interest		1.00	%	*	$	3,010,000
Main Street West, LP	Limited Partnership	GP Interest		1.00	%	*	$	4,708,000
Martin Plaza Associates, LP	Limited Partnership	GP Interest		1.00	%	*	$	725,000
One Harbor Center, LP	Limited Partnership	GP Interest		1.00	%	*	$	4,162,000
Westside Professional Center I, LP	Limited Partnership	GP Interest		1.00	%	*	$	1,803,000
Woodland Corporate Center Two, LP	Limited Partnership	GP Interest		1.00	%	*	$	-
Total							$	45,696,840

* The general partner has a 1% partnership interest but is also entitled to profit sharing distributions ranging from 25% to 50% after certain thresholds are met.