Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 82

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 82
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ated Joint Ventures of $91,000 and $107,000 for the three months ended March 31, 2025 and 2024, respectively.(3)Does not include the Company’s share of the leasing commissions from the Unconsolidated Joint Ventures of $7,000 and $4,000 for the three months ended March 31, 2025 and 2024, respectively.(4)Does not include the Company’s share of the construction management fees from the Unconsolidated Joint Ventures of $58,000 and $87,000 for the three months ended March 31, 2025 and 2024, respectively. (5)Does not include the Company’s share of the development management reimbursements from the Unconsolidated Joint Ventures of $175,000 and $179,000 for the three months ended March 31, 2025 and 2024, respectively. (6)Expense reimbursements to related parties - lending segment do not include personnel costs capitalized to deferred loan origination costs of $18,000 and $30,000 for the three months ended March 31, 2025 and 2024, respectively. (7)Represents fees earned by CCO Capital and allocated to Series A1 Preferred Stock, Series A Preferred Stock and Series D Preferred Stock. (8)As of March 31, 2025 and 2024, $0 and $230,000, respectively, was included in deferred costs as reimbursable expenses incurred pursuant to the Master Services Agreement and the then applicable dealer manager agreement with CCO Capital. These non-issuance specific costs are allocated against the gross proceeds from the sale of the Series A1 Preferred Stock, Series A Preferred Stock and Series D Preferred Stock on a pro rata basis for each issuance as a percentage of the total offering. 

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

As of March 31, 2025 and December 31, 2024, due to related parties consisted of the following (in thousands):  March 31, 2025December 31, 2024Asset management fees$1,763 $1,403 Property management fees and reimbursements10,612 8,237 Expense reimbursements - corporate2,591 1,676