Creative Media & Community Trust Corporation (NASDAQ: CMCT) is a real estate investment trust that owns and operates a portfolio of office, multifamily, and hotel properties. Revenue comes from tenant rents on office and multifamily units, hotel operating income, and parking and retail leases. CMCT is externally managed and advised by affiliates of CIM Group, which collects an asset management fee based on net asset value attributable to common stockholders plus transaction fees under a Master Services Agreement. As of December 31, 2025, the consolidated office portfolio spans properties in Oakland, San Francisco, Los Angeles, Beverly Hills, Hollywood, and Austin, while the consolidated multifamily portfolio totals 621 units across Oakland with 88.4% occupancy and $16.3 million in annualized rent. The company also owns the Sheraton Grand Hotel. Total debt across the portfolio stood at $545.6 million as of the filing date, with multiple loans maturing in 2026 and 2027. Common stock traded at $2.33 on March 2, 2026, on Nasdaq, following two reverse stock splits executed in January and April 2025.

Revenue model

Rental income from office and multifamily tenants, hotel operating revenue (tracked via ADR and RevPAR), and parking and retail lease income. The external manager, CIM Group, receives an asset management fee tied to net asset value plus additional transaction-based fees under the Master Services Agreement and Investment Management Agreement.

Products and services

Office properties (including 1 Kaiser Plaza in Oakland at 537,929 sq ft, 9460 Wilshire Boulevard in Beverly Hills at 97,655 sq ft, and 3601 S Congress Avenue in Austin at 233,579 sq ft as of December 31, 2025). Multifamily apartment communities (Channel House and 1150 Clay in Oakland totaling 621 consolidated units; unconsolidated interests in three Los Angeles properties totaling 180 units, as of December 31, 2025). Hotel operations at the Sheraton Grand Hotel. Development pipeline sites in Los Angeles and Oakland.

Customers and end markets

Office tenants across creative, media, and professional sectors in California and Texas urban submarkets. Multifamily residential tenants in Oakland (Jack London District) and Los Angeles (Echo Park, Mid-Wilshire). Hotel guests at the Sheraton Grand Hotel. Monthly rent per occupied multifamily unit averaged $2,480 across the consolidated portfolio and $2,497 across the total portfolio as of December 31, 2025.

Value-chain role

Property owner and REIT. Day-to-day operations and investment management are outsourced to CIM Group affiliates (CIM Service Provider, LLC as Administrator and an affiliated Operator) under long-term management agreements. The company is the capital owner; CIM provides operating and advisory services for fees.

Geographic exposure

California-heavy: Oakland (office and multifamily), San Francisco, Los Angeles, Beverly Hills, Hollywood. Texas: Austin. All properties identified in the December 31, 2025 filing are U.S.-based with a concentration in California urban markets.

Source: SEC 10-K, filed 2026-03-10

Industry: Real Estate Investment Trusts Peers: Alexandria Real Estate Equities, Inc Franklin Street Properties Corp OFFICE PROPERTIES INCOME TRUST KBS Real Estate Investment Trust III Inc Orion Properties Inc Postal Realty Trust Inc