Company: CMCT
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000908311-25-000017
Chunk: 142

Company: Creative Media & Community Trust Corp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 2
Chunk 142
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obby Renovation Project”). The Company has not approved a budget for the Lobby Renovation Project but intends to complete the project in 2025.

(3)Based on leases commenced as of December 31, 2024. 

(4)The Company is evaluating the property for potential future development options including multifamily development over the existing parking garage. 

53

Office Portfolio—Top 5 Tenants by Annualized Rental Revenue as of December 31, 2024

CreditRating% of(S&P /Annualized% ofRentableRentableMoody’s /LeaseRentAnnualizedSquareSquareTenantPropertyFitch)Expiration(in thousands)RentFeetFeetKaiser Foundation Health Plan, Inc.1 Kaiser PlazaAA- / - / AA-2028$12,694 22.9 %236,692 18.2 %U.S. Bank, N.A. 9460 Wilshire BoulevardA+ / Aa3 / A+20294,167 7.5 %27,569 2.1 %3 Arts Entertainment, Inc.9460 Wilshire Boulevard- / - / -20263,037 5.5 %27,112 2.1 %F45 Training Holdings, Inc.3601 S Congress Avenue- / - / -20302,418 4.4 %44,171 3.4 %O'Gara Coach Company, L.L.C.9460 Wilshire Boulevard- / - / -20432,370 4.3 %18,157 1.4 %Total for Top Five Tenants24,686 44.6 %353,701 27.2 %All Other Tenants30,766 55.4 %563,147 43.4 %Vacant— — %381,904 29.4 %Total Office Portfolio$55,452 100.0 %1,298,752 100.0 %

Note: Represents 100% of the consolidated and unconsolidated office portfolios, regardless of our ownership percentage.

Office Portfolio—Diversification by Industry as of December 31, 2024

Annualized% of RentableRentAnnualizedSquare% of RentableIndustry(in thousands)RentFeetSquare FeetHealth Care and Social Assistance$19,216 34.6 %343,954 26.6 %Professional, Scientific