Creative Media & Community Trust Corp. Enters Material Definitive Agreement
Ticker: CMCT · Form: 8-K · Filed: Jan 15, 2025 · CIK: 908311
| Field | Detail |
|---|---|
| Company | Creative Media & Community Trust Corp (CMCT) |
| Form Type | 8-K |
| Filed Date | Jan 15, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $11.6 m, $12.0 million, $9.3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
Related Tickers: CMCT
TL;DR
CMCT signed a big deal on Jan 8th, details TBD.
AI Summary
On January 8, 2025, Creative Media & Community Trust Corp. entered into a material definitive agreement. The filing does not specify the nature of the agreement or any associated dollar amounts.
Why It Matters
This filing indicates a significant new contract or partnership for Creative Media & Community Trust Corp., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its potential impact on the company.
Key Players & Entities
- Creative Media & Community Trust Corp. (company) — Registrant
- January 8, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Creative Media & Community Trust Corp.?
The filing does not specify the nature of the material definitive agreement.
When did Creative Media & Community Trust Corp. enter into this material definitive agreement?
The earliest event reported is January 8, 2025.
What is the Commission File Number for Creative Media & Community Trust Corp.?
The Commission File Number is 1-13610.
In which state is Creative Media & Community Trust Corp. incorporated?
Creative Media & Community Trust Corp. is incorporated in Maryland.
What is the IRS Employer Identification Number for Creative Media & Community Trust Corp.?
The IRS Employer Identification Number is 75-6446078.
Filing Stats: 501 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2025-01-14 19:49:41
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 Par Value CMCT Nasdaq Global Market C
- $11.6 m — undation Health Plan, Inc. lease totals $11.6 million, $12.0 million and $9.3 million f
- $12.0 million — Plan, Inc. lease totals $11.6 million, $12.0 million and $9.3 million for 2025, 2026 and 202
- $9.3 million — totals $11.6 million, $12.0 million and $9.3 million for 2025, 2026 and 2027, respectively,
Filing Documents
- cmct-20250108.htm (8-K) — 27KB
- 0000908311-25-000007.txt ( ) — 205KB
- cmct-20250108.xsd (EX-101.SCH) — 3KB
- cmct-20250108_def.xml (EX-101.DEF) — 18KB
- cmct-20250108_lab.xml (EX-101.LAB) — 32KB
- cmct-20250108_pre.xml (EX-101.PRE) — 19KB
- cmct-20250108_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On January 8, 2025, Creative Media & Community Trust Corporation (the "Company") and Kaiser Foundation Health Plan, Inc., the Company's largest tenant at 1 Kaiser Plaza in Oakland, California, executed a lease extension amendment, effective December 30, 2024, to extend 236,692 rentable square feet of office space through December 31, 2027 (the "Extension"). The Extension includes all of the tenant's existing square footage. Prior to the Extension, 152,996 square feet was scheduled to expire in February 2025 and 83,696 square feet was scheduled to expire in February 2027. After giving effect to the Extension, contractual base rent for the combined 236,692 square foot Kaiser Foundation Health Plan, Inc. lease totals $11.6 million, $12.0 million and $9.3 million for 2025, 2026 and 2027, respectively, inclusive of three months of rent abatement in 2027. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CREATIVE MEDIA & COMMUNITY TRUST CORPORATION Dated: January 15, 2025 By: /s/ Barry N. Berlin Barry N. Berlin Chief Financial Officer