CMCT - Mergers and acquisitions

Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) (NASDAQ:CMCT) ("we", "our", "CMCT", or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three months ended March 31, 2022. First Quarter 2022 Highlights Real Estate Portfolio Stabilized office portfolio(1) was 88.2% leased. Executed 21,478 square feet of leases with terms longer than 12 months. Invested $22.4 million in an Echo Park,

Plans Underway for a 45-Unit Apartment Building CMCT (NASDAQ:CMCT) announced today that it has acquired 3101 S. Western Ave., a 0.26-acre parcel in Los Angeles' Jefferson Park submarket, for $2.3 million. CMCT intends to build a five-story apartment building with approximately 45 apartment residences offering a mix of studio, one-, and two-bedroom floor plans. The building will also provide 2,000 square feet of ground floor retail space. Construction is anticipated to begin in late 2023 or 2024. "This area of Jefferson Park includes a commercial corridor and attractive residences and is experiencing renewed interest as a business and residential location option for young professionals. O

Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) (NASDAQ:CMCT) ("we", "our", "CMCT", or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three months and year ended December 31, 2021. Fourth Quarter 2021 Highlights Portfolio Same-store(1) office portfolio was 80.1% leased. Executed 37,625 square feet of leases with terms longer than 12 months. Financial Results Net loss attributabl

CIM Commercial Trust Corporation (NASDAQ:CMCT), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on September 29, 2021 to stockholders of record at the close of business on September 17, 2021. In addition, the Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the fourth quarter of 2021. The dividend will be payable as follows: $0.114583 per s

CIM Commercial Trust Corporation (NASDAQ:CMCT) ("we", "our", "CMCT", "CIM Commercial", or the "Company") announced the final results of its rights offering, which expired at 4:00 p.m., New York Time, on June 23, 2021. The Company received subscription requests (including over-subscription requests) in respect of 8,521,589 shares of its common stock at a subscription price of $9.25 per share. Accordingly, the Company raised aggregate gross proceeds of approximately $78.8 million in the rights offering. The Company expects to issue the 8,521,589 shares of its common stock subscribed for in the rights offering on or about June 28, 2021. About CIM Commercial CIM Commercial is a real estate i

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT‑L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), announced today the commencement of the previously announced rights offering for an aggregate of approximately $137.3 million of newly issued shares of common stock, par value $0.001 per share, of the Company (“Common Stock”). The Company will distribute to holders of record as of 4:00 p.m.,

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on June 30, 2021 to stockholders of record at the close of business on June 17, 2021. In addition, the Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the third quarter of 2021. The dividend wil

CIM Commercial Trust Corporation (NASDAQ:CMCT) ("we," "our," "CMCT," "CIM Commercial," or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three months ended March 31, 2021. First Quarter 2021 Highlights Portfolio Same-store(1) office portfolio was 78.6% leased. Executed 4,553 square feet of leases with terms longer than 12 months, of which 3,043 square feet were recurring leases executed at our same-store(2) office portfolio, repres

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we,” “our,” “CMCT,” “CIM Commercial,” or the “Company”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three months and year ended December 31, 2020. Fourth Quarter 2020 Highlights Annualized rent per occupied square foot(1) on a same-store(2) basis increased 5.8% to $50.96 as of December 31, 2020 compared to $48.18 as of December 31, 2019. Our sa

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on March 30, 2021 to stockholders of record at the close of business on March 15, 2021. In addition, the Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the second quarter of 2021. The dividend

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on March 30, 2021 to stockholders of record at the close of business on March 15, 2021. In addition, the Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the second quarter of 2021. The dividend