CMCT Announces Close of Co-Investment at Premier Los Angeles Multifamily Property
Creative Media & Community Trust Corporation (CMCT)
Last creative media & community trust corporation earnings: 3/16 08:00 am
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US:NASDAQ Investor Relations:
investors.cimcommercial.com
Company Research
Source: Business Wire
Transaction provides cash distribution to CMCT as well a recurring management fee DALLAS--(BUSINESS WIRE)--CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that an international institutional investor has acquired a 49 percent interest in 1902 Park Ave., a premier, Class A apartment property located in the Echo Park neighborhood of Los Angeles, a thriving walkable submarket with abundant dining and entertainment options.Proceeds from the investment were used to pay off the mortgage and fund a distribution to CMCT and another CIM-advised fund. CMCT and the CIM-advised fund each acquired a 50 percent ownership in 1902 Park Ave. in early 2023 in an off-market transaction. These two funds will earn a management fee and potentially an incentive fee based on future performance.1902 Park Ave. is a 75-unit apartment community located adjacent to 1910 W. Sunset Blvd., an eight-story creative office property that was acquired by CMCT in February 2022. CMCT is currently developing a former
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CMCT
News
- Creative Media & Community Trust Co. (NASDAQ: CMCT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- CMCT Declares Preferred Stock DividendsBusiness Wire
- Creative Media & Community Trust Co. (NASDAQ: CMCT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Important Notice: KT Law Firm Represents CMCT Investor in FINRA Arbitration Claim for Unsuitable RecommendationsAccesswire
- CMCT Closes $92.2 Million Loan for Sheraton Grand Sacramento HotelBusiness Wire
CMCT
Earnings
- 11/8/24 - Miss
CMCT
Sec Filings
- 12/26/24 - Form 8-K
- 12/16/24 - Form 8-K
- 12/10/24 - Form 8-K
- CMCT's page on the SEC website