Company Summary: Creative Media & Community Trust Corporation

Overview:
Creative Media & Community Trust Corporation (the “Company”) is a real estate-focused company that operates primarily through its investments in real estate assets and related activities. The Company is involved in acquiring, developing, managing, and financing real estate properties, often in partnership with affiliates of CIM Group, LLC, and other related entities.

Key Details:

• Business Operations:

  • Engages in real estate development, redevelopment, and repositioning of various types of properties, including commercial, multifamily, office, hospitality, and land.
  • Invests in real estate assets through unconsolidated joint ventures and directly owned properties.
  • Provides property management, leasing, and development services via affiliates of CIM Group.
  • Acts as a lender by originating mortgage loans secured by real estate properties.

• Customers and Partners:

  • Utilizes a network of third-party tenants and co-Investors, including CIM-managed entities and unrelated third parties.
  • Has invested in properties with joint ventures such as:
    • An office property in Los Angeles (~$51.0 million purchase with a CIM-managed partner).
    • A multifamily property in Echo Park (~$19.1 million purchase, with a CIM-managed partner).
    • Land in Los Angeles (~$18 million purchase, 28.8% ownership).
    • Several other real estate assets acquired through CIM affiliates totaling over $282.9 million in 2023.

• Employees and Management:

  • Has a very small internal team, with only 5 employees as of December 31, 2024.
  • Managed by external entities, primarily CIM Group affiliates, which handle finance, property management, leasing, and development services.

• Financials:

  • As of June 30, 2024, the market value of stock held by non-affiliates was estimated at approximately $31.5 million.
  • No specific revenue or net income figures are provided in the document; thus, financial performance details such as revenue, total income, or net profit/loss are not included.

• Ownership and Beneficial Holders:

  • Significant ownership held by affiliates of CIM Group, LLC, with individual directors and officers owning less than 1% directly.
  • Certain beneficial owners hold more than 5% of the voting stock, notably Richard Ressler, Avraham Shemesh, and Shaul Kuba, who have substantial holdings in voting and preferred shares.

Summary:
The Company specializes in real estate investments and asset management, with a focus on commercial, multifamily, and land assets primarily located in California and managed through joint ventures with CIM Group affiliates. It operates a lean internal team and relies heavily on external affiliates for management, financing, and development activities. Financial performance specifics such as revenue and net income are not disclosed in the provided document.