v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Jun. 30, 2026
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
List of Investments The below investments would have been accounted for under the equity method if the fair value method had not been elected as of June 30, 2026 and 2025:
Investee
Legal Form
Asset Type
  
% Ownership
    
Fair Value as of
June 30, 2026
  
Lakemont Partners, LLC
Limited Liability Company
LP Interest
    
17.02
%
  
$
740,260
  
Martin Plaza Associates, LP
Limited Partnership
GP and LP Interest
    
25.00
%
    
405,080
  
Westside Professional Center I, LP
Limited Partnership
GP Interest

1.00
 % *
1,201,807
Total
 
 
          
$
2,347,147
  

Investee
Legal Form
Asset Type
  
% Ownership
      
Fair Value as of
June 30, 2025
  
Lakemont Partners, LLC
Limited Liability Company
LP Interest
    
17.02
 %
 
$
711,740
  
Martin Plaza Associates, LP
Limited Partnership
GP and LP Interest
    
25.00
 %
   
531,544
  
Westside Professional Center I, LP
Limited Partnership
GP Interest

1.00
 %
*

882,167
  
Total
 
 
            
$
2,125,451
  

*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.
Estimated Useful Lives of Assets by Class We consider the period of future benefit of an asset to determine its appropriate useful life and anticipate the estimated useful lives of assets by class to be generally as follows:
Buildings 16 - 45 years


Building improvements 1 - 15 years


Land improvements
5 - 15 years


Furniture, fixtures and equipment 3 - 11 years
   
In-place leases 1 - 10 years