Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 32

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 32
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 AND RESTRICTED CASH:  Beginning of period52,868 44,228 End of period$49,125 $45,642 RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS:Cash and cash equivalents$19,772 $21,307 Restricted cash29,353 24,335 Total cash and cash equivalents and restricted cash$49,125 $45,642 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:  Cash paid during the period for interest$7,686 $8,636 Federal income taxes paid$— $16 SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:  Accrued capital expenditures, tenant improvements and real estate developments$4,543 $1,514 Other amounts due from Unconsolidated Joint Venture partners included in other assets$396 $1,445 Accrued preferred stock offering costs $— $247 Accrual of dividends payable to common stockholders$— $1,937 Accrual of dividends payable to preferred stockholders$5,423 $2,610 Preferred stock offering costs offset against redeemable preferred stock in permanent equity$— $513 Accrued deferred costs$100 $— Accrued redeemable preferred stock fees$183 $246 

The accompanying notes are an integral part of these consolidated financial statements.

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Table of ContentsCREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSMarch 31, 2025 (Unaudited)

1. ORGANIZATION AND OPERATIONSCreative Media & Community Trust Corporation (the “Company”) is a Maryland corporation and real estate investment trust (“REIT”). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments. The Company also owns one hotel in northern California and a lending platform that originates loans under the Small Business Administration (“SBA”) 7(a) loan program. The Company seeks to apply the expertise of CIM Group Management, LLC (“CIM Group”) and its affiliates to the acquisition, development and operation of premier