Company: CMCT
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000908311-25-000017
Chunk: 137

Company: Creative Media & Community Trust Corp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 137
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Table of Contents

Item 2.  Properties

As of December 31, 2024, our real estate portfolio consisted of 27 assets, all of which were fee-simple properties and five of which we own through investments in Unconsolidated Joint Ventures. Our Unconsolidated Joint Ventures contain one office property, one multifamily site currently under development, two multifamily properties (one of which has been partially converted from office into multifamily units and is now being classified as a multifamily property) and one commercial development site. As of December 31, 2024, our 12 office properties, totaling approximately 1.3 million rentable square feet, were 70.6% occupied, and our one hotel with an ancillary parking garage, which has a total of 505 rooms, had RevPAR of $135.90 for the year ended December 31, 2024, and our four multifamily properties were 81.7% occupied. Additionally, as of December 31, 2024, we had nine development sites (three of which were being used as parking lots). 

Office Portfolio Detail by Classification, Address, Market, and Submarket as of December 31, 2024Classification / Market / AddressSub-MarketRentable Square Feet% Occupied% Leased (1)Annualized Rent (in thousands)Annualized Rent Per Occupied Square Foot(9)Consolidated Office PortfolioOakland, CA1 Kaiser PlazaLake Merritt537,339 55.9 %55.9 %$16,627 $55.34 San Francisco, CA1130 Howard StreetSouth of Market21,194 61.1 %61.1 %1,205 93.09 Los Angeles, CA11620 Wilshire BoulevardWest Los Angeles196,928 78.9 %80.3 %7,857 50.57 11600 Wilshire BoulevardWest Los Angeles56,881 73.4 %73.4 %2,588 62.02 9460 Wilshire BoulevardBeverly Hills97,655 91.6 %91.6 %10,901 121.88 8944 Lindblade Street (2)West Los Angeles7,980 100.0 %100.0 %578 72.43 8960 & 8966 Washington Boulevard (2)West Los Angeles24,448 100.