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        <link:definition>101 - Document - Document And Entity Information</link:definition>

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        <link:definition>104 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</link:definition>

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        <link:definition>105 - Statement - CONDENDSED CONSOLIDATED STATEMENTS OF CASH FLOWS</link:definition>

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        <link:definition>106 - Statement - CONSOLIDATED STATEMENTS OF SHAREHOLDERS&#39; DEFICIT</link:definition>

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        <link:definition>107 - Disclosure - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES</link:definition>

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        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInHotelNet" id="InvestmentInHotelNet">
        <link:definition>108 - Disclosure - INVESTMENT IN HOTEL, NET</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInMarketableSecurities" id="InvestmentInMarketableSecurities">
        <link:definition>109 - Disclosure - INVESTMENT IN MARKETABLE SECURITIES</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherInvestmentsNet" id="OtherInvestmentsNet">
        <link:definition>110 - Disclosure - OTHER INVESTMENTS, NET</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/FairValueMeasurements" id="FairValueMeasurements">
        <link:definition>111 - Disclosure - FAIR VALUE MEASUREMENTS</link:definition>

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        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/SegmentInformation" id="SegmentInformation">
        <link:definition>112 - Disclosure - SEGMENT INFORMATION</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/RelatedPartyTransactions" id="RelatedPartyTransactions">
        <link:definition>113 - Disclosure - RELATED PARTY TRANSACTIONS</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/SubsequentEvents" id="SubsequentEvents">
        <link:definition>114 - Disclosure - SUBSEQUENT EVENTS</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/JusticeInvestors" id="JusticeInvestors">
        <link:definition>115 - Disclosure - JUSTICE INVESTORS</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInRealEstate" id="InvestmentInRealEstate">
        <link:definition>116 - Disclosure - INVESTMENT IN REAL ESTATE</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherAssetsNet" id="OtherAssetsNet">
        <link:definition>117 - Disclosure - OTHER ASSETS, NET</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>118 - Disclosure - OTHER NOTES PAYABLE</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/MortgageNotesPayable" id="MortgageNotesPayable">
        <link:definition>119 - Disclosure - MORTGAGE NOTES PAYABLE</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

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        <link:definition>120 - Disclosure - GARAGE OPERATIONS</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/ManagementAgreement" id="ManagementAgreement">
        <link:definition>121 - Disclosure - MANAGEMENT AGREEMENT</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/ConcentrationOfCreditRisk" id="ConcentrationOfCreditRisk">
        <link:definition>122 - Disclosure - CONCENTRATION OF CREDIT RISK</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/IncomeTaxes" id="IncomeTaxes">
        <link:definition>123 - Disclosure - INCOME TAXES</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/CommitmentsAndContingencies" id="CommitmentsAndContingencies">
        <link:definition>124 - Disclosure - COMMITMENTS AND CONTINGENCIES</link:definition>

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        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.intergroupcorporation.com/role/EmployeeBenefitPlan" id="EmployeeBenefitPlan">
        <link:definition>125 - Disclosure - EMPLOYEE BENEFIT PLAN</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/SignificantAccountingPoliciesPolicies" id="SignificantAccountingPoliciesPolicies">
        <link:definition>126 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES (Policies)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInHotelNetTables" id="InvestmentInHotelNetTables">
        <link:definition>127 - Disclosure - INVESTMENT IN HOTEL, NET (Tables)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInMarketableSecuritiesTables" id="InvestmentInMarketableSecuritiesTables">
        <link:definition>128 - Disclosure - INVESTMENT IN MARKETABLE SECURITIES (Tables)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherInvestmentsNetTables" id="OtherInvestmentsNetTables">
        <link:definition>129 - Disclosure - OTHER INVESTMENTS, NET (Tables)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/FairValueMeasurementsTables" id="FairValueMeasurementsTables">
        <link:definition>130 - Disclosure - FAIR VALUE MEASUREMENTS (Tables)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/SegmentInformationTables" id="SegmentInformationTables">
        <link:definition>131 - Disclosure - SEGMENT INFORMATION (Tables)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherAssetsNetTables" id="OtherAssetsNetTables">
        <link:definition>132 - Disclosure - OTHER ASSETS, NET (Tables)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/MortgageNotesPayableTables" id="MortgageNotesPayableTables">
        <link:definition>133 - Disclosure - MORTGAGE NOTES PAYABLE (Tables)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/IncomeTaxesTables" id="IncomeTaxesTables">
        <link:definition>134 - Disclosure - INCOME TAXES (Tables)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/BasisOfPresentationAndSignificantAccountingPoliciesDetailsTextual" id="BasisOfPresentationAndSignificantAccountingPoliciesDetailsTextual">
        <link:definition>135 - Disclosure - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInHotelNetDetails" id="InvestmentInHotelNetDetails">
        <link:definition>136 - Disclosure - INVESTMENT IN HOTEL, NET (Details)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInHotelNetDetailsTextual" id="InvestmentInHotelNetDetailsTextual">
        <link:definition>137 - Disclosure - INVESTMENT IN HOTEL, NET (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInRealEstateDetailsTextual" id="InvestmentInRealEstateDetailsTextual">
        <link:definition>138 - Disclosure - INVESTMENT IN REAL ESTATE (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInMarketableSecuritiesDetails" id="InvestmentInMarketableSecuritiesDetails">
        <link:definition>139 - Disclosure - INVESTMENT IN MARKETABLE SECURITIES (Details)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInMarketableSecuritiesDetails1" id="InvestmentInMarketableSecuritiesDetails1">
        <link:definition>140 - Disclosure - INVESTMENT IN MARKETABLE SECURITIES (Details 1)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/InvestmentInMarketableSecuritiesDetailsTextual" id="InvestmentInMarketableSecuritiesDetailsTextual">
        <link:definition>141 - Disclosure - INVESTMENT IN MARKETABLE SECURITIES (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherInvestmentsNetDetails" id="OtherInvestmentsNetDetails">
        <link:definition>142 - Disclosure - OTHER INVESTMENTS, NET (Details)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherInvestmentsNetDetailsTextual" id="OtherInvestmentsNetDetailsTextual">
        <link:definition>143 - Disclosure - OTHER INVESTMENTS, NET (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/FairValueMeasurementsDetails" id="FairValueMeasurementsDetails">
        <link:definition>144 - Disclosure - FAIR VALUE MEASUREMENTS (Details)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/FairValueMeasurementsDetails1" id="FairValueMeasurementsDetails1">
        <link:definition>145 - Disclosure - FAIR VALUE MEASUREMENTS (Details 1)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/FairValueMeasurementsDetailsTextual" id="FairValueMeasurementsDetailsTextual">
        <link:definition>146 - Disclosure - FAIR VALUE MEASUREMENTS (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/SegmentInformationDetails" id="SegmentInformationDetails">
        <link:definition>147 - Disclosure - SEGMENT INFORMATION (Details)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/RelatedPartyTransactionsDetailsTextual" id="RelatedPartyTransactionsDetailsTextual">
        <link:definition>148 - Disclosure - RELATED PARTY TRANSACTIONS (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/SubsequentEventsDetailsTextual" id="SubsequentEventsDetailsTextual">
        <link:definition>149 - Disclosure - SUBSEQUENT EVENTS (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/JusticeInvestorsDetailsTextual" id="JusticeInvestorsDetailsTextual">
        <link:definition>150 - Disclosure - JUSTICE INVESTORS (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherAssetsNetDetails" id="OtherAssetsNetDetails">
        <link:definition>151 - Disclosure - OTHER ASSETS, NET (Details)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherAssetsNetDetailsTextual" id="OtherAssetsNetDetailsTextual">
        <link:definition>152 - Disclosure - OTHER ASSETS, NET (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/OtherNotesPayableDetailsTextual" id="OtherNotesPayableDetailsTextual">
        <link:definition>153 - Disclosure - OTHER NOTES PAYABLE (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/MortgageNotesPayableDetails" id="MortgageNotesPayableDetails">
        <link:definition>154 - Disclosure - MORTGAGE NOTES PAYABLE (Details)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/MortgageNotesPayableDetails1" id="MortgageNotesPayableDetails1">
        <link:definition>155 - Disclosure - MORTGAGE NOTES PAYABLE (Details 1)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/MortgageNotesPayableDetailsTextual" id="MortgageNotesPayableDetailsTextual">
        <link:definition>156 - Disclosure - MORTGAGE NOTES PAYABLE (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/GarageOperationsDetailsTextual" id="GarageOperationsDetailsTextual">
        <link:definition>157 - Disclosure - GARAGE OPERATIONS (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/ManagementAgreementDetailsTextual" id="ManagementAgreementDetailsTextual">
        <link:definition>158 - Disclosure - MANAGEMENT AGREEMENT (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/ConcentrationOfCreditRiskDetailsTextual" id="ConcentrationOfCreditRiskDetailsTextual">
        <link:definition>159 - Disclosure - CONCENTRATION OF CREDIT RISK (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/IncomeTaxesDetails" id="IncomeTaxesDetails">
        <link:definition>160 - Disclosure - INCOME TAXES (Details)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/IncomeTaxesDetails1" id="IncomeTaxesDetails1">
        <link:definition>161 - Disclosure - INCOME TAXES (Details 1)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/IncomeTaxesDetails2" id="IncomeTaxesDetails2">
        <link:definition>162 - Disclosure - INCOME TAXES (Details 2)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/IncomeTaxesDetailsTextual" id="IncomeTaxesDetailsTextual">
        <link:definition>163 - Disclosure - INCOME TAXES (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/CommitmentsAndContingenciesDetailsTextual" id="CommitmentsAndContingenciesDetailsTextual">
        <link:definition>164 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:roleType roleURI="http://www.intergroupcorporation.com/role/EmployeeBenefitPlanDetailsTextual" id="EmployeeBenefitPlanDetailsTextual">
        <link:definition>165 - Disclosure - EMPLOYEE BENEFIT PLAN (Details Textual)</link:definition>

        <link:usedOn>link:presentationLink</link:usedOn>

        <link:usedOn>link:definitionLink</link:usedOn>

        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>

      <link:linkbaseRef xlink:type="simple" xlink:href="prsi-20130930_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />

      <link:linkbaseRef xlink:type="simple" xlink:href="prsi-20130930_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />

      <link:linkbaseRef xlink:type="simple" xlink:href="prsi-20130930_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />

      <link:linkbaseRef xlink:type="simple" xlink:href="prsi-20130930_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" />
    </appinfo>
  </annotation>

  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />

  <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />

  <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />

  <import namespace="http://fasb.org/us-gaap/2013-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd" />

  <import namespace="http://xbrl.sec.gov/invest/2013-01-31" schemaLocation="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd" />

  <import namespace="http://xbrl.sec.gov/country/2013-01-31" schemaLocation="http://xbrl.sec.gov/country/2013/country-2013-01-31.xsd" />

  <import namespace="http://xbrl.sec.gov/currency/2012-01-31" schemaLocation="http://xbrl.sec.gov/currency/2012/currency-2012-01-31.xsd" />

  <import namespace="http://xbrl.sec.gov/exch/2013-01-31" schemaLocation="http://xbrl.sec.gov/exch/2013/exch-2013-01-31.xsd" />

  <import namespace="http://xbrl.sec.gov/naics/2011-01-31" schemaLocation="http://xbrl.sec.gov/naics/2011/naics-2011-01-31.xsd" />

  <import namespace="http://xbrl.sec.gov/sic/2011-01-31" schemaLocation="http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd" />

  <import namespace="http://xbrl.sec.gov/stpr/2011-01-31" schemaLocation="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd" />

  <import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />

  <import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd" />

  <import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" />

  <import namespace="http://xbrl.sec.gov/dei/2013-01-31" schemaLocation="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd" />

  <import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" />

  <import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />

  <import namespace="http://fasb.org/us-types/2013-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2013/elts/us-types-2013-01-31.xsd" />

  <element name="OtherInvestmentAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_OtherInvestmentAbstract" />

  <element name="OtherInvestmentsDisclosureTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_OtherInvestmentsDisclosureTextBlock" />

  <element name="GarageOperationsAndRentalIncomeAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_GarageOperationsAndRentalIncomeAbstract" />

  <element name="ManagementAgreementAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ManagementAgreementAbstract" />

  <element name="DueToSecuritiesBroker" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" nillable="true" xbrli:balance="credit" substitutionGroup="xbrli:item" id="prsi_DueToSecuritiesBroker" />

  <element name="ObligationsForSecuritiesSold" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" nillable="true" xbrli:balance="credit" substitutionGroup="xbrli:item" id="prsi_ObligationsForSecuritiesSold" />

  <element name="MortgageNotesPayable" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" nillable="true" xbrli:balance="credit" substitutionGroup="xbrli:item" id="prsi_MortgageNotesPayable" />

  <element name="OtherInvestmentsTableTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_OtherInvestmentsTableTextBlock" />

  <element name="BalanceSheetsParentheticalAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_BalanceSheetsParentheticalAbstract" />

  <element name="BasisOfPresentationAndSignificantAccountingPoliciesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_BasisOfPresentationAndSignificantAccountingPoliciesTable" />

  <element name="HotelOperationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_HotelOperationMember" />

  <element name="InterGroupMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_InterGroupMember" />

  <element name="PortsmouthMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_PortsmouthMember" />

  <element name="FranchiseFeesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_FranchiseFeesMember" />

  <element name="LicenseFeesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_LicenseFeesMember" />

  <element name="BasisOfPresentationAndSignificantAccountingPoliciesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_BasisOfPresentationAndSignificantAccountingPoliciesLineItems" />

  <element name="JusticeInvestorsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_JusticeInvestorsAbstract" />

  <element name="JusticeInvestorsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_JusticeInvestorsTable" />

  <element name="EvonMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_EvonMember" />

  <element name="JusticeInvestorsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_JusticeInvestorsLineItems" />

  <element name="RealEstateInvestmentsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_RealEstateInvestmentsTable" />

  <element name="HawaiianCorporationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_HawaiianCorporationMember" />

  <element name="RealEstateInvestmentsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_RealEstateInvestmentsLineItems" />

  <element name="NetUnrealizedLossOnOtherInvestments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" xbrli:balance="debit" substitutionGroup="xbrli:item" id="prsi_NetUnrealizedLossOnOtherInvestments" />

  <element name="TradingAndMarginInterestExpense" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" xbrli:balance="debit" substitutionGroup="xbrli:item" id="prsi_TradingAndMarginInterestExpense" />

  <element name="InvestmentsInDebtAndMarketableEquitySecuritiesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_InvestmentsInDebtAndMarketableEquitySecuritiesTable" />

  <element name="InvestmentsInDebtAndMarketableEquitySecuritiesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_InvestmentsInDebtAndMarketableEquitySecuritiesLineItems" />

  <element name="OtherInvestmentsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_OtherInvestmentsTable" />

  <element name="InvestmentTypeCategorizationDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_InvestmentTypeCategorizationDomain" />

  <element name="PreferredStockComstockAtCostMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_PreferredStockComstockAtCostMember" />

  <element name="PrivateEquityHedgeFundAtCostMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_PrivateEquityHedgeFundAtCostMember" />

  <element name="CorporateDebtAndEquityInstrumentsAtCostMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_CorporateDebtAndEquityInstrumentsAtCostMember" />

  <element name="OtherInvestmentsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_OtherInvestmentsLineItems" />

  <element name="ChairmanAndPresidentMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ChairmanAndPresidentMember" />

  <element name="ComstockMiningIncMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ComstockMiningIncMember" />

  <element name="SantaFeMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_SantaFeMember" />

  <element name="BasicMaterialsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_BasicMaterialsMember" />

  <element name="TechnologyMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_TechnologyMember" />

  <element name="InvestmentFundsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_InvestmentFundsMember" />

  <element name="FinancialServicesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_FinancialServicesMember" />

  <element name="EnergyMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_EnergyMember" />

  <element name="ServicesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ServicesMember" />

  <element name="ReitsAndRealEstateCompaniesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ReitsAndRealEstateCompaniesMember" />

  <element name="Other1Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_Other1Member" />

  <element name="OthetAssetsDisclousureTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_OthetAssetsDisclousureTable" />

  <element name="OtherAssetsDisclosureLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_OtherAssetsDisclosureLineItems" />

  <element name="OtherAssetsDisclouserTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_OtherAssetsDisclouserTable" />

  <element name="ScheduleOfOtherNotesPayableTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_ScheduleOfOtherNotesPayableTable" />

  <element name="OtherNotesPayableLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_OtherNotesPayableLineItems" />

  <element name="MortgageNotesPayableTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_MortgageNotesPayableTable" />

  <element name="FixedMortgageNotesPayableHotelFivePointTwoTwoPercentageMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_FixedMortgageNotesPayableHotelFivePointTwoTwoPercentageMember" />

  <element name="FixedMortgageNotesPayableHotelSixPointFourTwoPercentMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_FixedMortgageNotesPayableHotelSixPointFourTwoPercentMember" />

  <element name="MortgageNotesPayableLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_MortgageNotesPayableLineItems" />

  <element name="PrudentialLoanMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_PrudentialLoanMember" />

  <element name="SecondPrudentialLoanMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_SecondPrudentialLoanMember" />

  <element name="DisclosureGarageOperationsAndRentalIncomeTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_DisclosureGarageOperationsAndRentalIncomeTable" />

  <element name="AceParkingMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_AceParkingMember" />

  <element name="TruSpaMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_TruSpaMember" />

  <element name="LessThan2000000Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_LessThan2000000Member" />

  <element name="TwoLakhsOrHigherMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_TwoLakhsOrHigherMember" />

  <element name="AgreementAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem" id="prsi_AgreementAxis" />

  <element name="AgreementDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_AgreementDomain" />

  <element name="ParkingFacilitiesManagementAgreementMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ParkingFacilitiesManagementAgreementMember" />

  <element name="GerageMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_GerageMember" />

  <element name="DisclosureGarageOperationsAndRentalIncomeLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_DisclosureGarageOperationsAndRentalIncomeLineItems" />

  <element name="ManagementAgrementTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_ManagementAgrementTable" />

  <element name="PrismHotelsLpMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_PrismHotelsLpMember" />

  <element name="ManagementAgreementLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ManagementAgreementLineItems" />

  <element name="TravelAgentAndAirlinesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_TravelAgentAndAirlinesMember" />

  <element name="IncomeTaxesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_IncomeTaxesTable" />

  <element name="IncomeTaxesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_IncomeTaxesLineItems" />

  <element name="NetUnrealizedGainLossOnOtherInvestments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" xbrli:balance="credit" substitutionGroup="xbrli:item" id="prsi_NetUnrealizedGainLossOnOtherInvestments" />

  <element name="IncreaseDecreaseInDueToSecuritiesBroker" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" xbrli:balance="debit" substitutionGroup="xbrli:item" id="prsi_IncreaseDecreaseInDueToSecuritiesBroker" />

  <element name="IncreaseDecreaseInObligationsForSecuritiesSold" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" xbrli:balance="debit" substitutionGroup="xbrli:item" id="prsi_IncreaseDecreaseInObligationsForSecuritiesSold" />

  <element name="RepaymentsOfMortgageNotes" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" xbrli:balance="credit" substitutionGroup="xbrli:item" id="prsi_RepaymentsOfMortgageNotes" />

  <element name="HotelOperationsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_HotelOperationsMember" />

  <element name="InvestmentTransactionsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_InvestmentTransactionsMember" />

  <element name="IncomeBeforeInterestDepreciationAndAmortization" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" xbrli:balance="credit" substitutionGroup="xbrli:item" id="prsi_IncomeBeforeInterestDepreciationAndAmortization" />

  <element name="JusticeMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_JusticeMember" />

  <element name="PrismMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_PrismMember" />

  <element name="CommitmentsAndContingenciesDisclosureLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_CommitmentsAndContingenciesDisclosureLineItems" />

  <element name="DocumentAndEntityInformationAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_DocumentAndEntityInformationAbstract" />

  <element name="ScheduleOfFairValueMeasurementsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="prsi_ScheduleOfFairValueMeasurementsTable" />

  <element name="FairValueMeasurementsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_FairValueMeasurementsLineItems" />

  <element name="CostMethodInvestmentOwnershipPercentage" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item" id="prsi_CostMethodInvestmentOwnershipPercentage" />

  <element name="RedemptionAgreementAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem" id="prsi_RedemptionAgreementAxis" />

  <element name="OfferAmountToRedeemEachOnePercentageOfLimitedPartnershipInterests" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" nillable="true" xbrli:balance="credit" substitutionGroup="xbrli:item" id="prsi_OfferAmountToRedeemEachOnePercentageOfLimitedPartnershipInterests" />

  <element name="RedemptionConditionMinimumPercentageOfParticipationThreshold" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_RedemptionConditionMinimumPercentageOfParticipationThreshold" />

  <element name="RedemptionConditionMinimumPercentageOfHoldersApprovalInAmendments" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_RedemptionConditionMinimumPercentageOfHoldersApprovalInAmendments" />

  <element name="RedemptionAgreementDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_RedemptionAgreementDomain" />

  <element name="ApproximateLiabilityBeforeRedemptionMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ApproximateLiabilityBeforeRedemptionMember" />

  <element name="ApproximateLiabilityAfterRedemptionMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="prsi_ApproximateLiabilityAfterRedemptionMember" />
</schema>

