Creative Media & Community Trust Corp (NASDAQ: CMCT)

Creative Media & Community Trust Corp primarily acquires, develops, owns, and operates premier multifamily properties and Class A creative office real assets in vibrant communities across the United States. The company operates as a real estate investment trust (REIT) and focuses on markets with high barriers to entry, high population density, positive population trends, and a propensity for growth. These communities often include traditional downtown areas and suburban main streets, where critical mass redevelopment creates positive externalities that enhance real estate asset values. The company's strategy is to leverage the expertise of CIM Group, its operator, to identify and invest in properties that cater to rapidly growing industries such as technology, media, and entertainment.

Creative Media & Community Trust Corp generates revenue through the acquisition, development, and operation of its real estate portfolio. The company's primary products include premier multifamily properties and Class A creative office assets. Additionally, the company owns one hotel in northern California. Revenue is derived from rental income, property sales, and management fees. The customer base primarily consists of tenants occupying the multifamily and office properties, as well as guests at the hotel. The company also caters to investors seeking exposure to real estate assets in high-growth communities.

• Office Segment: This segment includes 12 office properties totaling approximately 1.3 million rentable square feet. As of December 31, 2025, these properties were 74.8% occupied. The office segment caters to businesses in technology, media, and entertainment industries, providing them with creative office spaces in vibrant communities.

• Hotel Segment: The company owns one hotel with an ancillary parking garage, which had a total of 505 rooms. For the year ended December 31, 2025, the hotel had a revenue per available room (RevPAR) of $152.70. This segment caters to travelers and tourists visiting the northern California area.

• Multifamily Segment: This segment consists of five multifamily properties, which were 85.3% occupied as of December 31, 2025. The multifamily properties cater to residents seeking housing in vibrant communities with high population density and positive population trends.

• Lending Segment: Prior to its sale in January 2026, this segment originated loans under the Small Business Administration (SBA) 7(a) loan program. The lending segment catered to small businesses seeking financing.

Creative Media & Community Trust Corp competes with a variety of entities engaged in the acquisition, origination, development, and operation of real estate and real estate-related assets. Competitors include REITs, insurance companies, pension funds, private equity funds, sovereign wealth funds, hedge funds, mortgage banks, investment banks, commercial banks, savings and loan associations, specialty finance companies, and private and institutional investors. The company's competitive advantage lies in its relationship with CIM Group, which provides deep expertise across the full life cycle of assets, from sourcing and acquisition to development, financing, commercial leasing, and property management. This vertically integrated structure allows the company to leverage in-house expertise to drive value creation and effective risk management.

The company's customer base includes tenants occupying its multifamily and office properties, as well as guests at its hotel. Notably, Kaiser Foundation Health Plan, Incorporated, occupied space in one of the company's Oakland, California properties and accounted for 23.4% of its annualized rental income for the year ended December 31, 2025. No other tenant accounted for greater than 10.0% of the company's annualized rental income for the same period. The company's properties cater to a diverse range of customers, including businesses in technology, media, and entertainment industries, as well as residents seeking housing in high-growth communities.