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Creative Media & Community Trust Corp

For the period ended Dec 31, 2025. Filed Mar 10, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 10, 2026

CMCT$4.27+15.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

As of December 31, 2025, our real estate portfolio consisted of 27 assets, all of which were fee-simple properties and five of which we own through investments in Unconsolidated Joint Ventures. Our Unconsolidated Joint Ventures contain one office property, three multifamily properties (one of which has been partially converted from office into multifamily units and is now classified as a multifamily property) and one commercial development site. As of December 31, 2025, our 12 office properties, totaling approximately 1.3 million rentable square feet, were 74.8% occupied, and our one hotel with an ancillary parking garage, which has a total of 505 rooms, had RevPAR of $152.70 for the year ended December 31, 2025, and our five multifamily properties were 85.3% occupied. Additionally, as of December 31, 2025, we had eight development sites (two of which were being used as parking lots).

Office Portfolio Detail by Classification, Address, Market, and Submarket as of December 31, 2025

Classification / Market / Address · Sub-Market · Rentable Square Feet · % Occupied · % Leased (1) · Annualized Rent (in thousands) · Annualized Rent Per Occupied Square Foot(9)
Consolidated Office Portfolio
Oakland, CA
1 Kaiser PlazaLake Merritt537,92955.2%55.2%$16,791$56.50
San Francisco, CA
1130 Howard StreetSouth of Market21,194100.0%100.0%54925.90
Los Angeles, CA
11620 Wilshire BoulevardWest Los Angeles197,05490.0%90.0%8,86249.95
11600 Wilshire BoulevardWest Los Angeles56,88179.0%79.0%2,82262.80
9460 Wilshire BoulevardBeverly Hills97,65594.5%94.5%11,554125.21
8944 Lindblade Street (2)West Los Angeles7,980100.0%100.0%63078.95
8960 & 8966 Washington Boulevard (2)West Los Angeles24,448—%—%——
1037 N Sycamore AvenueHollywood5,031100.0%100.0%35169.77
Austin, TX
3601 S Congress Avenue (3)South233,57992.4%92.4%9,88845.81
1021 E 7th Street (4)East11,180100.0%100.0%68961.63
1007 E 7th Street (5)East1,352100.0%100.0%5036.98
Total Consolidated Office Portfolio1,194,28373.2%73.2%52,18659.69
Unconsolidated Office Portfolio
Los Angeles, CA
1910 Sunset Boulevard - 44.2% (6)Echo Park107,82491.8%91.8%5,03050.84
Total Unconsolidated Office Portfolio107,82491.8%91.8%5,03050.84
Total Office Portfolio1,302,10774.8%74.8%57,21658.78
Total Office Portfolio - CMCT Share of Annualized Rent$54,407
Development Pipeline Properties
Oakland, CA
2 Kaiser Plaza (7)Lake MerrittN/AN/AN/AN/AN/A
Los Angeles, CA
1015 Mansfield - 29% (8)HollywoodN/AN/AN/AN/AN/A
Total Development Pipeline PropertiesN/AN/AN/AN/AN/A
Total Office and Development Portfolio1,302,10774.8%74.8%$57,216$58.78

(1)Based on leases signed as of December 31, 2025.

(2)The three buildings making up 8960 & 8966 Washington Boulevard and 8944 Lindblade Street were formerly known as Lindblade Media Center.

(3)3601 S Congress Avenue consists of twelve buildings. The Company is evaluating different development options including multifamily development.

(4)The Company is evaluating different development options including multifamily development.

(5)The property is located on a land site of approximately 7,450 square feet.

(6)CMCT and a CIM-managed separate account purchased the property in February 2022 through a joint venture (the “1910 Sunset JV”). CMCT owns 44.2% of the property. The amounts shown in the table represent 100% of the property.

(7)2 Kaiser Plaza Parking Lot is a 44,642 square foot parcel of land currently being used as a surface parking lot. We are entitled to develop an office building with a maximum of 800,000 rentable square feet. Alternatively, we are also evaluating a multifamily development.

(8)The Company owns approximately 29% of the property through an Unconsolidated Joint Venture. The amounts shown in the table represent 100% of the property. The property has a site area of approximately 44,141 square feet and currently contains a parking garage which is being leased to a third party. The site is being evaluated for different development options, including creative office space or other commercial space.

(9)Giving effect to abatements, net annualized rent per occupied square foot for the total portfolio was $54.90.

Multifamily Portfolio Detail by Classification, Address, Market, and Submarket as of December 31, 2025

Classification / Market / Address · Sub-Market · Units · % Occupied · Annualized Rent (in thousands) · Monthly Rent Per Occupied Unit (1) (10)
Consolidated Multifamily Portfolio
Oakland, CA
Channel HouseJack London District33389.5%$9,145$2,557
1150 ClayDowntown28887.2%$7,190$2,387
Total Consolidated Multifamily Portfolio62188.4%$16,335$2,480
Unconsolidated Multifamily Portfolio
Los Angeles, CA
1902 Park Avenue - 25.5% (2)Echo Park7693.4%$1,680$1,972
701 S Hudson - 20% (3)Mid-Wilshire6883.8%$2,349$3,434
1915 Park Avenue - 44.2% (4)Echo Park3616.7%$97$1,352
Total Unconsolidated Multifamily Portfolio18074.4%$4,126$2,480
Total Multifamily Portfolio80185.3%$20,461$2,497
Total Multifamily Portfolio - CMCT Share of Annualized Rent$17,276
Development Pipeline Properties
Los Angeles, CA
3101 S. Western Avenue (5)Jefferson ParkN/AN/AN/AN/A
3022 S. Western Avenue (6)Jefferson ParkN/AN/AN/AN/A
3109 S. Western Avenue (6)Jefferson ParkN/AN/AN/AN/A
4750 Wilshire Boulevard (Backlot) (7)Mid-WilshireN/AN/AN/AN/A
Oakland, CA
F3 Land Site (8)Jack London DistrictN/AN/AN/AN/A
466 Water Street Land Site (9)Jack London DistrictN/AN/AN/AN/A
Total Multifamily and Development Portfolio80185.3%$20,461$2,497

(1)Represents gross monthly base rent under leases commenced as of December 31, 2025, divided by occupied units.

(2)The Company owns 25.5% of the property through an Unconsolidated Joint Venture. The amounts shown in the table represent 100% of the property.

(3)We sold 80% of our interest in 4750 Wilshire Boulevard to three co-investors (the “4750 Wilshire JV Partners”) in February 2023, with our remaining 20% interest now invested in a newly-formed joint venture with the JV Partners (the “4750 Wilshire JV”). By September 2024, the 4750 Wilshire JV had substantially completed its conversion of two of the three floors of 4750 Wilshire Boulevard from office-use into 68 for-lease multifamily units (the “4750 Wilshire Project”), with the first floor of 4750 Wilshire continuing to function as 30,335 square feet of office space. Following the substantial completion of the 4750 Wilshire Project, the Company has reclassified its investment in the 4750 Wilshire JV as a multifamily investment. The 4750 Wilshire JV refers to the multifamily portion of the building as “701 S Hudson”.

(4)The Company owns 44.2% of the property through the 1910 Sunset JV. The amounts shown in the table represent 100% of the property. The property is a 36-unit multifamily apartment building which was completed and began leasing during the fourth quarter of 2025.

(5)The Company intends to develop a total of approximately 160 residential units across both properties. There is no planned start date for such development.

(6)The Company intends to redevelop approximately seven commercial units totaling 5,635 rentable square feet and six parking stalls. There is no planned start date for such redevelopment.

(7)The Company owns 100% of the 4750 Wilshire Boulevard backlot land parcel. The site is being evaluated for potential multifamily development.

(8)Currently being utilized as a parking lot. The Company is evaluating future development options, including hotel development.

(9)The Company is evaluating the property for potential future multifamily development.

(10)Net of rent concessions granted in the specified period, monthly rent per occupied unit for the total portfolio was $2,127.

Hotel Portfolio Summary as of December 31, 2025

Revenue Per
% · Available
PropertyMarketRoomsOccupied (1)Room
Sheraton Grand Hotel (2)Sacramento, CA50572.5%$152.70
Total Hotel (1 Property)50572.5%$152.70

Other Ancillary Property within Hotel Portfolio

Rentable · Annualized
Square · % · % · Rent (Parking
Feet · Occupied · Leased · and Retail)
PropertyMarket(Retail)(Retail)(Retail) (3)(in thousands)
Sheraton Grand Hotel Parking Garage & Retail (4)Sacramento, CA8,92879.8%79.8%$1,202
Total Ancillary Property (1 Property)8,92879.8%79.8%$1,202

(1)Represents trailing 12-month occupancy as of December 31, 2025, calculated as the number of occupied rooms divided by the number of available rooms.

(2)The Sheraton Grand Hotel is part of the Sheraton franchise and is managed by Sheraton Operating Corporation, a subsidiary of Marriott International, Inc. The renovation of the Sheraton Grand Hotel’s guest rooms and corridors is substantially completed (the “Rooms Renovation Project”) with a total cost of approximately $21.2 million. The Company is currently working on designs for the renovation of Sheraton Grand Hotel’s lobbies and common areas (the “Lobby 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, 2025.

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

Office Portfolio—Top 5 Tenants by Annualized Rental Revenue as of December 31, 2025

Credit
Rating · % of
(S&P / · Annualized · % of · Rentable · Rentable
Moody’s / · Lease · Rent · Annualized · Square · Square
TenantPropertyFitch)Expiration(in thousands)RentFeetFeet
Kaiser Foundation Health Plan, Inc.1 Kaiser PlazaAA- / - / AA-2028$13,40523.4%236,69218.2%
U.S. Bank, N.A.9460 Wilshire BoulevardA+ / Aa3 / A+20294,3247.6%27,5692.1%
3 Arts Entertainment, Inc.9460 Wilshire Boulevard- / - / -20273,1615.5%27,1122.1%
O'Gara Coach Company, L.L.C.9460 Wilshire Boulevard- / - / -20432,5124.4%18,1571.4%
F45 Training Holdings, Inc.3601 S Congress Avenue- / - / -20302,4854.3%44,1713.4%
Total for Top Five Tenants25,88745.2%353,70127.2%
All Other Tenants31,32954.8%619,64547.6%
Vacant——%328,76125.2%
Total Office Portfolio$57,216100.0%1,302,107100.0%

Office Portfolio—Diversification by Industry as of December 31, 2025

Annualized · % of · Rentable
RentAnnualizedSquare% of Rentable
Industry(in thousands)RentFeetSquare Feet
Health Care and Social Assistance$21,10136.9%362,35227.9%
Professional, Scientific, and Technical Services7,10912.4%135,18310.5%
Finance and Insurance6,52211.4%62,4454.8%
Arts, Entertainment, and Recreation6,51211.4%88,4576.8%
Other Services (except Public Administration)4,2017.3%55,3364.2%
Public Administration2,1733.8%43,5243.3%
Real Estate and Rental and Leasing1,8293.2%41,6673.2%
Retail Trade1,6842.9%38,1842.9%
Information1,6682.9%30,7842.4%
Other4,4177.8%115,4148.8%
Vacant——%328,76125.2%
Total Office$57,216100.0%1,302,107100.0%

Office Portfolio—Lease Expiration as of December 31, 2025

Square Feet · % of Square · Annualized · % of Annualized · Annualized Rent
Year of Leaseof ExpiringFeetRentRentPer Occupied
ExpirationLeasesExpiring(in thousands)ExpiringSquare Foot
2026 (1)107,81411.1%$5,6069.8%52.00
2027 (2)133,71013.7%8,81415.4%65.92
2028336,50934.6%18,63232.6%55.37
2029 (3)78,4288.1%7,21512.6%92.00
2030 (4)129,74413.3%6,28511.0%48.44
2031 (5)69,6897.2%3,1825.6%45.66
2032 (6)31,9933.3%1,6812.9%52.54
20332,9070.3%1810.3%62.26
203412,3831.3%7411.3%59.84
Thereafter (7)70,1697.1%4,8798.5%69.53
Total Occupied973,346100.0%$57,216100.0%$58.78
Vacant328,761
Total Office1,302,107

(1)Includes 4,193 square feet of month-to-month leases as of December 31, 2025. Includes 178 square feet (less than 0.1% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2026.

(2)Includes 924 square feet (approximately 0.1% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2027.

(3)Includes 5,864 square feet (approximately 0.6% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2029.

(4)Includes 5,154 square feet (approximately 0.5% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2030.

(5)Includes 4,654 square feet (approximately 0.5% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2031.

(6)Includes 25,845 square feet (approximately 2.7% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2032.

(7)Includes 38,801 square feet (approximately 4.0% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2037.

Property Indebtedness as of December 31, 2025

Outstanding · Balance Due
Principal · At Maturity
BalanceInterestMaturityDate
Property(in thousands)RateDate(in thousands)
1 Kaiser Plaza (1)$97,1004.14%7/1/2026$97,100
Channel House81,000SOFR + 3.36%1/31/202781,000
1150 Clay66,3046.25%6/7/202666,304
Sheraton Grand Hotel (2)90,955SOFR + 4.35%1/1/202790,955
9460 Wilshire Boulevard, 11620 Wilshire Boulevard, 11600 Wilshire Boulevard105,0007.41%1/11/2030105,000
1910 Sunset Boulevard (3)23,925SOFR + 2.95%3/13/202623,925
1915 Park Avenue (3)6,819SOFR + 3.11%12/21/20266,819
4750 Wilshire Boulevard (4)37,901SOFR + 3.11%4/1/202637,901
3601 S Congress Avenue31,600SOFR + 2.95%4/3/202831,600
8944 Lindblade Street5,000SOFR + 3.00%2/14/20275,000
Total$545,604$545,604

(1)Loan is generally not prepayable prior to April 1, 2026.

(2)Includes three one-year extension options.

(3)CMCT owns 44.2% of these properties through its investment the 1910 Sunset JV. The outstanding principal balance shown here represents 100% of the 1910 Sunset JV’s balance.

(4)CMCT owns 20.0% of the property through its investment in the 4750 Wilshire JV. The outstanding principal balance shown here represents 100% of the 4750 Wilshire JV’s balance.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.