UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 15, 2024

Commission File Number 1-13610

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION

(Exact name of registrant as specified in its charter)

Maryland

(State or Other Jurisdiction of Incorporation or Organization) 5956 Sherry Lane, Suite 700, Dallas, TX 75225 (Address of Principal Executive Offices)

75-6446078 (I.R.S. Employer Identification No.) (972) 349-3200

(Registrant's telephone number)

None (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, \$0.001 Par Value	CMCT	Nasdaq Global Market
Common Stock, \$0.001 Par Value	CMCT	Tel Aviv Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 2.02 Results of Operations and Financial Condition

On May 15, 2024 Creative Media & Community Trust Corporation (the "Company") issued a press release announcing its financial results for the period ended March 31, 2024. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated by reference herein.

The information in this Item 2.02 and Exhibit 99.1 are being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 7.01. Regulation FD Disclosure

A copy of the Company's Q1 2024 Investor Presentation is attached to this Form 8-K as Exhibit 99.2 and is incorporated by reference herein. Additionally, the Company has posted a copy of the presentation on its Shareholder Relations page at www.creativemediacommunity.com.

The information in this Item 7.01 and Exhibit 99.2 are being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number Exhibit Description

*99.1 Press Release dated May 15, 2024, regarding the Company's financial results for the quarter ended March 31, 2024. *99.2 Investor Presentation Q1 2024.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Filed herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION

Dated: May 15, 2024 By: /s/ Barry N. Berlin Barry N. Berlin Chief Financial Officer

Creative Media & Community Trust Corporation Reports 2024 First Quarter Results

Dallas—(May 15, 2024) Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended March 31, 2024.

First Quarter 2024 Highlights

Real Estate Portfolio

Same-store office portfolio was 83.7% leased. (2)
Executed 36,961 square feet of leases with terms longer than 12 months.

Financial Results

Net loss attributable to common stockholders of \$12.3 million, or \$0.54 per diluted share.
Funds from operations attributable to common stockholders ("FFO") was \$(5.9) million, or \$(0.26) per diluted share. (3)1
Core FFO attributable to common stockholders was \$(4.4) million, or \$(0.19) per diluted share. (4)1

Management Commentary

"Our core FFO improved from the fourth quarter of 2023 primarily due to hotel seasonality and an increase in office net operating income," said David Thompson, Chief Executive Officer of Creative Media & Community Trust Corporation. "Despite the improvement, our cash flow continues to be impacted by elevated short term interest rates. We are actively evaluating asset sales and other ways to reduce our debt in order to strengthen our balance sheet and improve our cash flow."

First Quarter 2024 Results

Real Estate Portfolio

As of March 31, 2024, 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 (the "Unconsolidated Joint Ventures"). The Unconsolidated Joint Ventures own two office properties (one of which is being partially converted into multifamily units), one multifamily site currently under development, one multifamily property and one commercial development site. The portfolio includes 13 office properties, totaling approximately 1.3 million rentable square feet, three multifamily properties totaling 696 units, nine development sites (three of which are being used as parking lots) and one 503 room hotel with an ancillary parking garage.

Financial Results

Net loss attributable to common stockholders was \$12.3 million, or \$0.54 per diluted share of common stock, for the three months ended March 31, 2024, compared to a net loss attributable to common stockholders of \$12.7 million, or \$0.56 per diluted share of common stock, for the same period in 2023. The decrease in net loss attributable to common stockholders was driven by a decrease in depreciation and amortization expense, adjusted for the impact of non controlling interests, of \$2.7 million, partially offset by the \$1.1 million decrease in FFO discussed below as well as a decrease in gain on sale of real estate \$1.1 million.

FFO attributable to common stockholders was \$(5.9) million, or \$(0.26) per diluted share of common stock for the three months ended March 31, 2024 compared to \$(4.8) million, or \$(0.21) per diluted share of common stock, for the same period in 2023. The decrease in FFO was primarily attributable to an increase in interest expense not allocated to our operating segments of \$2.1 million and an increase in redeemable preferred stock dividends of \$2.4 million, partially offset by a decrease in transaction-related costs of \$2.7 million and an increase of \$655,000 in segment net operating income. (3)1 1

Core FFO attributable to common stockholders was \$(4.4) million, or \$(0.19) per diluted share of common stock for the three months ended March 31, 2024 compared to \$(1.3) million, or \$(0.06) per diluted share of common stock, for the same period in 2023. The decrease in Core FFO is attributable to the aforementioned changes in FFO , while not impacted by the decrease in transaction-related costs, as these are excluded from our Core FFO calculation. (4)1 2 2 2

Non-GAAP financial measure. Refer to the explanations and reconciliations elsewhere in this release. 1

Segment Information

Our reportable segments during the three months ended March 31, 2024 and 2023 consisted of three types of commercial real estate properties, namely, office, hotel and multifamily, as well as a segment for our lending business. Total segment net operating income ("NOI") was \$13.6 million for the three months ended March 31, 2024, compared to \$13.0 million for the same period in 2023. (5)

Office

Same-Store

Same-store office segment NOI increased to \$7.4 million for the three months ended March 31, 2024, compared to \$6.8 million in the same period in 2023, while same-store office Cash NOI increased to \$8.3 million for the three months ended March 31, 2024, compared to \$7.4 million in the same period in 2023. The increases in same-store office segment NOI and same-store office cash NOI were primarily attributable to higher rental revenues at an office property in Beverly Hills, California, and an office property in Los Angeles, California due to increased occupancy. (2) (5) (1) (6)2 (2) (5) (2) (6)2

At March 31, 2024, the Company's same-store office portfolio was 83.0% occupied, an increase of 210 basis points year-over-year on a same-store basis, and 83.7% leased, a decrease of 40.0 basis points year-over-year on a same-store basis. The annualized rent per occupied square foot on a same-store basis was \$58.30 at March 31, 2024 compared to \$56.1 at March 31, 2023. During three months ended March 31, 2024, the Company executed 36,961 square feet of leases with terms longer than 12 months at our same-store office portfolio. (2) (2) (2) (7) (2) (2)

Total

Office Segment NOI increased to \$7.9 million for the three months ended March 31, 2024, from \$6.8 million for the same period in 2023. The increase was due to the increase in same-store office segment NOI discussed above as well as an increase in non-same-store office Segment NOI of \$500,000, which was driven by income from an unconsolidated office entity in Los Angeles, California during the three months ended March 31, 2024. (5) (2) (5) (2) (5)

Hotel

Hotel Segment NOI was \$4.1 million for the three months ended March 31, 2024, consistent with \$4.1 million for the same period in 2023. The following table sets forth the occupancy, ADR and RevPAR for our hotel in Sacramento, California for the specified periods: (5)

	Three Months Ended March 31,
	2024	2023
Occupancy	79.0 %		80.6 %
(a) Average daily rate	\$ 211.06	\$	202.02
(b) Revenue per available room	\$ 166.84	\$	162.85

(a) Calculated as trailing 3-month room revenue divided by the number of rooms occupied.

(b) Calculated as trailing 3-month room revenue divided by the number of available rooms.

Multifamily

______________________

Our Multifamily Segment consists of two multifamily buildings located in Oakland, California as well as an investment in a multifamily building in the Echo Park neighborhood of Los Angeles, California through one of the Unconsolidated Joint Ventures, all of which were acquired during the first quarter of 2023. Our multifamily segment NOI was \$917,000 for the three months ended March 31, 2024 compared to \$675,000 for the same period in 2023. The increase in our multifamily segment NOI was primarily due to a full quarter of income during the three months ended March 31, 2024 compared to a partial quarter during the three months ended March 31, 2023. As of March 31, 2024, our Multifamily Segment was 86.2% occupied and the monthly rent per occupied unit was \$2,737, compared to 80.7% and \$2,852, respectively as of March 31, 2023. (5) (5) (8)

Lending

Our lending segment primarily consists of our SBA 7(a) lending platform, which is a national lender that primarily originates loans to small businesses in the hospitality industry. Lending segment NOI was \$789,000 for the three months ended March 31, 2024, (5)

Non-GAAP financial measure. Refer to the explanations and reconciliations elsewhere in this release. 2

compared to \$1.4 million for the same period in 2023. The decrease was primarily due to an increase in interest expense related to the issuance of new SBA 7(a) loan-backed notes in connection with the securitization that closed in March 2023.

Debt and Equity

During the three months ended March 31, 2024, we issued 853,879 shares of Series A1 Preferred Stock for aggregate net proceeds of \$19.1 million. Net proceeds represent gross proceeds offset by costs specifically identifiable to the offering, such as commissions, dealer manager fees and other offering fees and expenses. Additionally, during the three months ended March 31, 2024, we had incremental borrowings of \$5.0 million on our revolving credit facility.

Dividends

On March 27, 2024, we declared a quarterly cash dividend of \$0.0850 per share of our common stock, which was paid on April 22, 2024.

On April 8, 2024, we declared a quarterly cash dividend of \$0.34375 per share of our Series A Preferred Stock for the second quarter of 2024. The dividend will be payable monthly as follows: \$0.114583 per share to be paid on May 15, 2024 to Series A Preferred Stockholders of record on May 5, 2024; \$0.114583 per share to be paid on June 17, 2024 to Series A Preferred Stockholders of record on June 5, 2024; and \$0.114583 per share to be paid on July 15, 2024 to Series A Preferred Stockholders of record on July 5, 2024.

On April 8, 2024, we declared a quarterly cash dividend of \$0.489375 per share of our Series A1 Preferred Stock for the second quarter of 2024. The quarterly cash dividend of \$0.489375 per share represents an annualized dividend rate of 7.83% (2.5% plus the federal funds rate of 5.33% on the applicable determination date). The dividend will be payable monthly as follows: \$0.163125 per share to be paid on May 15, 2024 to Series A1 Preferred Stockholders of record on May 5, 2024; \$0.163125 per share to be paid on June 17, 2024 to Series A1 Preferred Stockholders of record on June 5, 2024; and \$0.163125 per share to be paid on July 15, 2024 to Series A1 Preferred Stockholders of record on July 5, 2024. For shares of Series A1 Preferred Stock issued in the second quarter of 2024, the dividend will be prorated from the date of issuance, and the monthly dividend payments will reflect such proration.

On April 8, 2024, we declared a quarterly cash dividend of \$0.353125 per share of our Series D Preferred Stock for the second quarter of 2024. The dividend will be payable monthly as follows: \$0.117708 per share to be paid on May 15, 2024 to Series D Preferred Stockholders of record on May 5, 2024; \$0.117708 per share to be paid on June 17, 2024 to Series D Preferred Stockholders of record on June 5, 2024; and \$0.117708 per share to be paid on July 15, 2024 to Series D Preferred Stockholders of record on July 5, 2024.

About the Data

Descriptions of certain performance measures, including Segment NOI, Cash NOI, FFO attributable to common stockholders, and Core FFO attributable to common stockholders are provided below. Certain of these performance measures—Cash NOI, FFO attributable to common stockholders and Core FFO attributable to common stockholders —are non-GAAP financial measures. Refer to the subsequent tables for reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure.

(1) Stabilized office portfolio: represents office properties where occupancy was not impacted by a redevelopment or repositioning during the period.
(2) Same-store properties: are properties that we have owned and operated in a consistent manner and reported in our consolidated results during the entire span of the periods being reported. We excluded from our same-store property set this quarter any properties (i) acquired on or after January 1, 2023; (ii) sold or otherwise removed from our consolidated financial statements on or before March 31, 2024; or (iii) that underwent a major repositioning project we believed significantly affected its results at any point during the period commencing on January 1, 2023 and ending on March 31, 2024. When determining our same-store office properties as of March 31, 2024, one office property was excluded pursuant to (i) and (iii) above and one office property as excluded pursuant to (ii) above.
(3) FFO attributable to common stockholders ("FFO"): represents net income (loss) attributable to common stockholders, computed in accordance with GAAP, which reflects the deduction of redeemable preferred stock dividends accumulated, excluding gain (or loss) from sales of real estate, impairment of real estate, and real estate depreciation and amortization. We calculate FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts (the "NAREIT"). See 'Core FFO' definition below for discussion of the benefits and limitations of FFO as a supplemental measure of operating performance.

(4) Core FFO attributable to common stockholders ("Core FFO"): represents FFO attributable to common stockholders (computed as described above), excluding gain (loss) on early extinguishment of debt, redeemable preferred stock deemed dividends, redeemable preferred stock redemptions, gain (loss) on termination of interest rate swaps, and transaction costs.

We believe that FFO is a widely recognized and appropriate measure of the performance of a REIT and that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting their results. In addition, we believe that Core FFO is a useful metric for securities analysts, investors and other interested parties in the evaluation of our Company as it excludes from FFO the effect of certain amounts that we believe are non-recurring, are non-operating in nature as they relate to the manner in which we finance our operations, or transactions outside of the ordinary course of business.

Like any metric, FFO and Core FFO should not be used as the only measure of our performance because it excludes depreciation and amortization and captures neither the changes in the value of our real estate properties that result from use or market conditions nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, and Core FFO excludes amounts incurred in connection with non-recurring special projects, prepaying or defeasing our debt, repurchasing our preferred stock, and adjusting the carrying value of our preferred stock classified in temporary equity to its redemption value, all of which have real economic effect and could materially impact our operating results. Other REITs may not calculate FFO and Core FFO in the same manner as we do, or at all; accordingly, our FFO and Core FFO may not be comparable to the FFOs and Core FFOs of other REITs. Therefore, FFO and Core FFO should be considered only as a supplement to net income (loss) as a measure of our performance and should not be used as a supplement to or substitute measure for cash flows from operating activities computed in accordance with GAAP. FFO and Core FFO should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to pay dividends. FFO and Core FFO per share for the year-to-date period may differ from the sum of quarterly FFO and Core FFO per share amounts due to the required method for computing per share amounts for the respective periods. In addition, FFO and Core FFO per share is calculated independently for each component and may not be additive due to rounding.

(5) Segment NOI: for our real estate segments represents rental and other property income and expense reimbursements less property related expenses and excludes non-property income and expenses, interest expense, depreciation and amortization, corporate related general and administrative expenses, gain (loss) on sale of real estate, gain (loss) on early extinguishment of debt, impairment of real estate, transaction costs, and benefit (provision) for income taxes. For our lending segment, Segment NOI represents interest income net of interest expense and general overhead expenses. See 'Cash NOI' definition below for discussion of the benefits and limitations of Segment NOI as a supplemental measure of operating performance.
(6) Cash NOI: for our real estate segments, represents Segment NOI adjusted to exclude the effect of the straight lining of rents, acquired above/below market lease amortization and other adjustments required by generally accepted accounting principles ("GAAP"). For our lending segment, there is no distinction between Cash NOI and Segment NOI. We also evaluate the operating performance and financial results of our operating segments using cash basis NOI excluding lease termination income, or "Cash NOI excluding lease termination income".

Segment NOI and Cash NOI are not measures of operating results or cash flows from operating activities as measured by GAAP and should not be considered alternatives to income from continuing operations, or to cash flows as a measure of liquidity, or as an indication of our performance or of our ability to pay dividends. Companies may not calculate Segment NOI or Cash NOI in the same manner. We consider Segment NOI and Cash NOI to be useful performance measures to investors and management because, when compared across periods, they reflect the revenues and expenses directly associated with owning and operating our properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing a perspective not immediately apparent from income from continuing operations. Additionally, we believe that Cash NOI is helpful to investors because it eliminates straight line rent and other non-cash adjustments to revenue and expenses.

(7) Annualized rent per occupied square foot: represents gross monthly base rent under leases commenced as of the specified periods, multiplied by twelve. This amount reflects total cash rent before abatements. Where applicable, annualized rent has been grossed up by adding annualized expense reimbursements to base rent. Annualized rent for certain office properties includes rent attributable to retail.

(8) Monthly rent per occupied unit: Represents gross monthly base rent under leases commenced as of the specified period, divided by occupied units. This amount reflects total cash rent before concessions.

FORWARD-LOOKING STATEMENTS

This press release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are intended to be covered by the safe harbors created thereby. These statements include the plans and objectives of management for future operations, including plans and objectives relating to future growth of CMCT's business and availability of funds. Such forward-looking statements can be identified by the use of forward-looking terminology such as "may," "will," "project," "target," "expect," "intend," "might," "believe," "anticipate," "estimate," "could," "would," "continue," "pursue," "potential," "forecast," "seek," "plan," or "should," or "goal" or the negative thereof or other variations or similar words or phrases. Such forward-looking statements also include, among others, statements about CMCT's plans and objectives relating to future growth and outlook. Such forward-looking statements are based on particular assumptions that management of CMCT has made in light of its experience, as well as its perception of expected future developments and other factors that it believes are appropriate under the circumstances. Forward-looking statements are necessarily estimates reflecting the judgment of CMCT's management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include those associated with (i) the timing, form, and operational effects of CMCT's development activities, (ii) the ability of CMCT to raise in place rents to existing market rents and to maintain or increase occupancy levels, (iii) fluctuations in market rents, (iv) the effects of inflation and continuing higher interest rates on the operations and profitability of CMCT and (v) general economic, market and other conditions. Additional important factors that could cause CMCT's actual results to differ materially from CMCT's expectations are discussed in "Item 1A—Risk Factors" in CMCT's Annual Report on Form 10-K for the year ended December 31, 2023. The forward-looking statements included herein are based on current expectations and there can be no assurance that these expectations will be attained. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond CMCT's control. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forward-looking statements expressed or implied will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements expressed or implied herein, the inclusion of such information should not be regarded as a representation by CMCT or any other person that CMCT's objectives and plans will be achieved. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made. CMCT does not undertake to update them to reflect changes that occur after the date they are made, except as may be required by applicable laws.

For Creative Media & Community Trust Corporation

Media Relations: Bill Mendel, 212-397-1030 [email protected]

Shareholder Relations: Steve Altebrando, 646-652-8473 [email protected]

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets (Unaudited and in thousands, except share and per share amounts)

	March 31, 2024	December 31, 2023
ASSETS
Investments in real estate, net	\$ 700,618	\$ 704,762
Investments in unconsolidated entities	33,709	33,505
Cash and cash equivalents	21,307	19,290
Restricted cash	24,335	24,938
Loans receivable, net (Note 5)	56,229	57,005
Accounts receivable, net	6,030	5,347
Deferred rent receivable and charges, net	27,793	28,222
Other intangible assets, net	3,852	3,948
Other assets	13,630	14,183
TOTAL ASSETS	\$ 887,503	\$ 891,200
LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY
LIABILITIES:
Debt, net	\$ 472,813	\$ 471,561
Accounts payable and accrued expenses	25,639	26,426
Due to related parties	3,333	3,463
Other liabilities	13,639	12,981
Total liabilities	515,424	514,431
COMMITMENTS AND CONTINGENCIES (Note 15)
EQUITY:
Series A cumulative redeemable preferred stock, \$0.001 par value; 34,211,995 and \$34,611,501 shares authorized as of March 31, 2024 and
December 31, 2023, respectively; 8,820,338 and 7,042,333 shares issued and outstanding, respectively, as of March 31, 2024 and 8,820,338 and
7,431,839 shares issued and outstanding, respectively, as of December 31, 2023; liquidation preference of \$25.00 per share, subject to adjustment	176,007	185,704
Series A1 cumulative redeemable preferred stock, \$0.001 par value; 27,880,928 and \$27,904,974 shares authorized as of March 31, 2024 and December 31, 2023, respectively; 11,327,248 and 11,208,176 shares issued and outstanding, respectively, as of March 31, 2024 and 10,473,369
and 10,378,343 shares issued and outstanding, respectively, as of December 31, 2023; liquidation preference of \$25.00 per share, subject to
adjustment	277,585	256,935
Series D cumulative redeemable preferred stock, \$0.001 par value; 26,991,590 shares authorized as of March 31, 2024 and December 31, 2023; 56,857 and 48,447 shares issued and outstanding, respectively, as of March 31, 2024 and 56,857 and 48,447 shares issued and outstanding,
respectively, as of December 31, 2023; liquidation preference of \$25.00 per share, subject to adjustment	1,190	1,190
Common stock, \$0.001 par value; 900,000,000 shares authorized; 22,786,741 shares issued and outstanding as of March 31, 2024 and December
31, 2023, respectively	23	23
Additional paid-in capital	851,234	852,476
Distributions in excess of earnings	(936,151)	(921,925)
Total stockholders' equity	369,888	374,403
Non-controlling interests	2,191	2,366
Total equity	372,079	376,769
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY	\$ 887,503	\$ 891,200

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Consolidated Statements of Operations (Unaudited and in thousands, except per share amounts)

Three Months Ended March 31, 2024 2023 REVENUES: Rental and other property income \$ 18,773 \$ 14,886 Hotel income 11,264 10,923 Interest and other income 3,961 3,103 Total Revenues 33,998 28,912 EXPENSES: Rental and other property operating 17,981 15,225 Asset management and other fees to related parties 394 720 Expense reimbursements to related parties—corporate 605 528 Expense reimbursements to related parties—lending segment 563 608 Interest 8,977 6,236 General and administrative 1,619 1,925 Transaction-related costs 690 3,360 Depreciation and amortization 6,478 9,502 Total Expenses 37,307 38,104 (Loss) income from unconsolidated entities (326) 768 Gain on sale of real estate (Note 3) — 1,104 LOSS BEFORE PROVISION FOR INCOME TAXES (3,635) (7,320) Provision for income taxes 270 256 NET LOSS (3,905) (7,576) Net loss attributable to non-controlling interests 175 625 NET LOSS ATTRIBUTABLE TO THE COMPANY (3,730) (6,951) Redeemable preferred stock dividends declared or accumulated (Note 11) (7,759) (5,391) Redeemable preferred stock redemptions (Note 11) (806) (373) NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS \$ (12,295) \$ (12,715) NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE: Basic \$ (0.54) \$ (0.56) Diluted \$ (0.54) \$ (0.56) WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING: Basic 22,738 22,707 Diluted 22,738 22,707

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Funds from Operations Attributable to Common Stockholders (Unaudited and in thousands, except per share amounts)

We believe that FFO is a widely recognized and appropriate measure of the performance of a REIT and that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting their results. FFO represents net income (loss) attributable to common stockholders, computed in accordance with generally accepted accounting principles ("GAAP"), which reflects the deduction of redeemable preferred stock dividends accumulated, excluding gains (or losses) from sales of real estate, impairment of real estate, and real estate depreciation and amortization. We calculate FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts (the "NAREIT").

Like any metric, FFO should not be used as the only measure of our performance because it excludes depreciation and amortization and captures neither the changes in the value of our real estate properties that result from use or market conditions nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, all of which have real economic effect and could materially impact our operating results. Other REITs may not calculate FFO in accordance with the standards established by the NAREIT; accordingly, our FFO may not be comparable to the FFO of other REITs. Therefore, FFO should be considered only as a supplement to net income (loss) as a measure of our performance and should not be used as a supplement to or substitute measure for cash flows from operating activities computed in accordance with GAAP. FFO should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to pay dividends. The following table sets forth a reconciliation of net income (loss) attributable to common stockholders to FFO attributable to common stockholders for the three months ended March 31, 2024 and 2023.

	Three Months Ended March 31,
	2024		2023
Numerator:
Net loss attributable to common stockholders	\$ (12,295)	\$	(12,715)
Depreciation and amortization	6,478		9,502
Noncontrolling interests' proportionate share of depreciation and amortization	(104)		(477)
Gain on sale of real estate	—		(1,104)
FFO attributable to common stockholders	(5,921)		(4,794)
Redeemable preferred stock dividends declared on dilutive shares (a)	—		(6)
Diluted FFO attributable to common stockholders	(5,921) \$	\$	(4,800)
Denominator:
Basic weighted average shares of common stock outstanding	22,738		22,707
Effect of dilutive securities—contingently issuable shares (a)	—		13
Diluted weighted average shares and common stock equivalents outstanding	22,738		22,720
FFO attributable to common stockholders per share:
Basic	(0.26) \$	\$	(0.21)
Diluted	(0.26) \$	\$	(0.21)

(a) For the three months ended March 31, 2024 and 2023, the effect of certain shares of redeemable preferred stock were excluded from the computation of diluted FFO attributable to common stockholders and the diluted weighted average shares and common stock equivalents outstanding as such inclusion would be anti-dilutive.

______________________

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Core Funds from Operations Attributable to Common Stockholders (Unaudited and in thousands, except per share amounts)

In addition to calculating FFO in accordance with the standards established by NAREIT, we also calculate a supplemental FFO metric we call Core FFO attributable to common stockholders. Core FFO attributable to common stockholders represents FFO attributable to common stockholders, computed in accordance with NAREIT's standards, excluding losses (or gains) on early extinguishment of debt, redeemable preferred stock redemptions, gains (or losses) on termination of interest rate swaps, and transaction costs. We believe that Core FFO is a useful metric for securities analysts, investors and other interested parties in the evaluation of our Company as it excludes from FFO the effect of certain amounts that we believe are non-recurring, are non-operating in nature as they relate to the manner in which we finance our operations, or transactions outside of the ordinary course of business.

Like any metric, Core FFO should not be used as the only measure of our performance because, in addition to excluding those items prescribed by NAREIT when calculating FFO, it excludes amounts incurred in connection with nonrecurring special projects, prepaying or defeasing our debt and repurchasing our preferred stock, all of which have real economic effect and could materially impact our operating results. Other REITs may not calculate Core FFO in the same manner as we do, or at all; accordingly, our Core FFO may not be comparable to the Core FFO of other REITs who calculate such a metric. Therefore, Core FFO should be considered only as a supplement to net income (loss) as a measure of our performance and should not be used as a supplement to or substitute measure for cash flows from operating activities computed in accordance with GAAP. Core FFO should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to pay dividends. The following table sets forth a reconciliation of net income (loss) attributable to common stockholders to Core FFO attributable to common stockholders for the three months ended March 31, 2024 and 2023.

	Three Months Ended March 31,
	2024	2023
Numerator:
Net loss attributable to common stockholders	\$ (12,295)	\$ (12,715)
Depreciation and amortization	6,478	9,502
Noncontrolling interests' proportionate share of depreciation and amortization	(104)	(477)
Gain on sale of real estate	—	(1,104)
FFO attributable to common stockholders	\$ (5,921)	\$ (4,794)
Redeemable preferred stock redemptions	806	373
Transaction-related costs	690	3,360
Noncontrolling interests' proportionate share of transaction-related costs	—	(194)
Core FFO attributable to common stockholders	\$ (4,425)	\$ (1,255)
Redeemable preferred stock dividends declared on dilutive shares (a)	—	(6)
Diluted Core FFO attributable to common stockholders	(4,425) \$	\$ (1,261)
Denominator:
Basic weighted average shares of common stock outstanding	22,738	22,707
Effect of dilutive securities-contingently issuable shares (a)	—	13
Diluted weighted average shares and common stock equivalents outstanding	22,738	22,720
Core FFO attributable to common stockholders per share:
Basic	\$ (0.19)	\$ (0.06)
Diluted	(0.19) \$	\$ (0.06)

(a) For the three months ended March 31, 2024 and 2023, the effect of certain shares of redeemable preferred stock were excluded from the computation of diluted Core FFO attributable to common stockholders and the diluted weighted average shares and common stock equivalents outstanding as such inclusion would be anti-dilutive.

______________________

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Reconciliation of Net Operating Income (Unaudited and in thousands)

We internally evaluate the operating performance and financial results of our real estate segments based on segment NOI, which is defined as rental and other property income and expense reimbursements less property related expenses and excludes non-property income and expenses, interest expense, depreciation and amortization, corporate related general and administrative expenses, gain (loss) on sale of real estate, gain (loss) on early extinguishment of debt, impairment of real estate, transaction costs, and provision for income taxes. For our lending segment, we define segment NOI as interest income net of interest expense and general overhead expenses. We also evaluate the operating performance and financial results of our operating segments using cash basis NOI, or "cash NOI". For our real estate segments, we define cash NOI as segment NOI adjusted to exclude the effect of the straight lining of rents, acquired above/below market lease amortization and other adjustments required by GAAP.

Cash NOI is not a measure of operating results or cash flows from operating activities as measured by GAAP and should not be considered an alternative to income from continuing operations, or to cash flows as a measure of liquidity, or as an indication of our performance or of our ability to pay dividends. Companies may not calculate cash NOI in the same manner. We consider cash NOI to be a useful performance measure to investors and management because, when compared across periods, it reflects the revenues and expenses directly associated with owning and operating our properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing a perspective not immediately apparent from income from continuing operations. Additionally, we believe that cash NOI is helpful to investors because it eliminates straight line rent and other non-cash adjustments to revenue and expenses.

Below is a reconciliation of cash NOI to segment NOI and net income (loss) attributable to the Company for the three months ended March 31, 2024 and 2023.

	Three Months Ended March 31, 2024
	Same-Store Office	Non-Same-Store Office	Total Office	Hotel	Multi-family	Lending	Total
Cash net operating income (loss)	8,309	473	8,782	4,061	917	789	14,549
Deferred rent and amortization of intangible assets, liabilities, and lease inducements	(917)	—	(917)	1	—	—	(916)
Straight line rent, below-market ground lease and amortization of intangible assets	—	—	—	—	—	—	—
Straight line lease termination income	—	—	—	—	—	—	—
Segment net operating income (loss)	7,392 \$ \$	473 \$	7,865 \$	4,062 \$	917 \$	789 \$	13,633
Interest and other income							144
Asset management and other fees to related parties							(394)
Expense reimbursements to related parties—corporate							(605)
Interest expense							(8,057)
General and administrative							(1,188)
Transaction-related costs							(690)
Depreciation and amortization							(6,478)
Gain on sale of real estate							—
Loss before benefit for income taxes							(3,635)
Provision for income taxes							(270)
Net loss							(3,905)
Net loss attributable to noncontrolling interests							175
Net loss attributable to the Company							(3,730) \$

							Three Months Ended Ended March 31, 2023
--	--	--	--	--	--	--	-----------------------------------------	--

	Same-Store Office	Non-Same-Store Office	Total Office	Hotel	Multi-family	Lending	Total

Cash net operating income	7,430	(18)	7,412	4,146	908	1,358	13,824
Deferred rent and amortization of intangible assets, liabilities, and lease inducements	(603)	(9)	(612)	(1)	(233)	—	(846)
Straight line rent, below-market ground lease and amortization of intangible assets	—	—	—	—	—	—	—
Straight line lease termination income	—	—	—	—	—	—	—
Segment net operating income (loss)	6,827 \$ \$	(27) \$	6,800 \$	4,145 \$	675 \$	1,358 \$	12,978
Asset management and other fees to related parties							(720)
Expense reimbursements to related parties—corporate							(528)
Interest expense							(5,991)
General and administrative							(1,301)
Transaction-related costs							(3,360)
Depreciation and amortization							(9,502)
Gain on sale of real estate							1,104
Income before benefit for income taxes							(7,320)
Provision for income taxes							(256)
Net income							(7,576)
Net income attributable to noncontrolling interests							625
Net income attributable to the Company							(6,951) \$

INVESTOR PRESENTATION | May 2024

Intentionally left blank.

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Forward-looking Statements

The information set forth herein contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. These statements include the plans and objectives of management for future operations, including plans and objectives relating to future growth of our business and availability of funds.

Such forward-looking statements can be identified by the use of forwardlooking terminology such as "may," "will," "project," "target," "expect,"
"intend," "might," "believe," "anticipate," "estimate," "could," "would," "continue," "pursue," "potential," "forecast," "seek," "plan," "should," or "goal" or the negative thereof or other variations or similar words or phrases. Such forward-looking statements also include, among others, statements about CMCT's plans and objectives relating to future growth and outlook. Such forward-looking statements are based on particular assumptions that management of CMCT has made in light of its experience, as well as its perception of expected future developments and other factors that it believes are appropriate under the circumstances. Forward-looking statements are necessarily estimates reflecting the judgment of CMCT's management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include those associated with (i) the timing, form, and operational effects of CMCT's development activities, (ii) the ability of CMCT to raise in place rents to existing market rents and to maintain or increase occupancy levels, (iii) fluctuations in market rents, (iv) the effects of inflation and continuing higher interest rates on the operations and profitability of CMCT and (v) general economic, market and other conditions. Additional important factors that could cause CMCT's actual results to differ materially from CMCT's expectations are discussed in "Item 1A-Risk Factors" in CMCT's Annual Report on Form 10-K for the year ended December 31, 2023.

The forward-looking statements included herein are based on current expectations and there can be no assurance that these expectations will be attained. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult on impossible to predict accurately and many of which are beyond CMCT's control. Although we believe that the assumptions underlying the forwardlooking statements are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forwardlooking statements expressed or implied will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements expressed or implied herein, the inclusion of such information should not be regarded as a representation by CMCT or any other person that CMCT's objectives and plans will be achieved. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made. CMCT does not undertake to update them to reflect changes that occur after the date they are made, except as may be required by applicable laws.

CMCT

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CIM Group: Manager of CMCT

er 31, 2023 (Assets Owned and Operated is unaudited). See disclosure statement under "Assets Owned and Oper

ated" and "Property Pictures" on page 37. 1) Includes affiliates of CIM and officers and directors of CMCT. As of March 31

CMCT

Creative Media & Community Trust Corporation

CMCT

Executing on strategy to grow multifamily portfolio

· Opportunity to grow net operating income by improving occupancy (two of three assets acquired in 2023 are still in their initial lease up)
Total multifamily occupancy increased to 86.2% at the end 1Q'24, compared to 79.3% at the end of 4Q'23 due to strong leasing activity in 20241

Additional progress on asset-light value-add and development pipeline

· 4750 Wilshire Boulevard partial office to multifamily conversion expected to be complete in 4Q'24
· Commenced construction on 1915 Park Avenue, a 36-unit multifamily building in Echo Park, Los Angeles (expected to be complete in 2025)

Stable office leased percentage and strong hotel performance

· Occupancy improved to 83.4% at 10'24, compared to 81.3% at 1Q'23
· Hotel net operating income stayed strong with RevPAR of \$166.84 and occupancy of 79% in 1Q'24; expect to start room renovation at Sheraton Grand Hotel in the second half of 2024

Taking steps to strengthen balance sheet and improve cash flow - evaluating:

· Asset sales
· Debt reduction

1) Includes 50% joint venture of 1902 Park Avenue in Echo Park, Los Angeles (75 units)

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CMCT: Strategy of Investing Ahead of the Curve

Strategy designed to benefit from the trend toward a more cohesive work/live lifestyle

Track record of identifying and investing in vibrant and emerging communities

Resources, market knowledge and relationships for smooth execution of transactions

Asset-light development approach and attractive pipeline of "next generation" properties

Access to capital to execute business plan

Designed to Benefit From Changing Lifestyles1

CMCT

Designed to Benefit From Changing Lifestyles1

CMCT

The pandemic accelerated the trend toward a more cohesive work/live lifestyle.

Key Office Trends

· Growing demand for "creative office"
· Desire for spaces that inspire employees
Emphasis on comfort, cool and "wow factor"
· Battle to recruit and retain top talent

g on page 37. See "Property Pictures" on page 37 under Important Discl

Designed to Benefit From Changing Lifestyles

Creative Office Statistics1

Creative office assets command a ~15% rent premium over traditional office space.

Creative office represents nearly 5% of national office inventory.

Industries demanding creative office space include technology, media, entertainment, design and fashion, in addition to more traditional business types like financial services.

1) Source: JLL US Creative Office Report – January 2023

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Assets in Vibrant and Emerging Sub-Markets1

CMCT

Assets in Vibrant and Emerging Sub-Markets

@sycamoredistrict

Case Study:

Sycamore Media District in Hollywood

Transformed into a flourishing, walkable urban locale

Home to leading media and entertainment companies such as SiriusXM, Roc Nation, Showtime, Ticketmaster/Live Nation, Oprah Winfrey Network, and Hyperobject Industries

"This Stylish Street in Hollywood is Becoming L.A.'s New City Center." -LAMAG

Core in-house capabilities include acquisition, credit analysis, development, financing, leasing, on-site property management and distribution

70% of investments sourced off-market1

CMCT Management

Shaul Kuba CMCT Chief Investment Officer and CMCT Board Member CIM Group Co-founder Head of CIM's Development Team and actively involved in nead of Cliff I Development, redevelopment and
the successful development, redevelopment and
repositioning of CIM's real estate assets around the U.S.

David Thompson СМСТ СЕО

CIM Group CFO and Principal 15 years of previous experience with Hilton Hotels Corporation, most recently as Senior Vice President and Controller

Barry Berlin СМСТ СFO

Serves in various finance and accounting roles within CIM
Group and is CEO, Chairman and CFO of CMCT's lending business

market percentage based on invested equity across all ClM investments as of March 31, 2024.

Inside Board Members

CIM Group Co-founder CMCT Chairman of the Board

Chair of CIM's Executive, Investment, Allocation and Real Assets Management Committees

Founder of Orchard Capital Corp., OFS Capital Management (a full service provider of leveraged finance
solutions) and OCV Management (owner of technology
companies)
· Chairman of the Board of CIM Real Estate Finance Trust, Inc
Previously worked at Drexel Burnham Lambert, Inc. and began his career as an attorney with Cravath, Swaine
and Moore, LLP

Avi Shemesh

CIM Group Co-founder CMCT Board Member Responsible for CIM's long-term relationships with strategic institutions and oversees teams essential to strategic institutions and oversees teams essential co
acquisitions, portfolio management and internal and
external communication

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Resources, Market-Knowledge and Relationships'

Class A & Creative Office Portfolio

3 Marca 2008 agosta 2007 (2007) Microsoft (2008) (2008) 1000 million (2000) (2008) (2000) (2008) (2008) (2008) (2008) (2008) (2008) (2008) (2008) (2008) (2008) (2008) (2008)

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CMCT

Multifamily Portfiolio

Sub-Market	Units	% Occupied		Rent		Monthly Rent Per Occupied Unit


Jack London Distict	333	79.0 %	49	9,769	\$	3,095
Downtown	288	934 %		8,465		2,622
	621	85.7 %		18,234		2,856


Echo Park	75	90.7 %	డి	1,470		1,801
	75	90.7 %		1.470		1,801
	୧୦୧	86.2 %		19.704		2.737
					(in thousands)	Annualized

Hotel & Parking Garage

Location / Property	Sub-Market	% Occupied 3	RevPAR
Sacramento, CA
Sheraton Grand Hotel	Downtown/Midtown	79.0 % \$	166.84
Sheraton Grand Hotel Parking Garage & Retail	Downtown/Midtown	68.9 %	NA

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1,500+ Multifamily Units in the Pipeline

Location	Sub-Market	Notes
4750 Wilshire Boulevard4	Mid-Wilshire	Multifamily: Converting 2 of 3 floors to residential (from office); Expected completion 4Q'24 (68 units)
1915 Park Avenue3	Echo Park, Los Angeles	Multifamily; Ground-up multifamily development; Expected completion 2025 (36 units)
1015 N Mansfield Avenue	Hollywood	Creative Office
3101 S. Western Avenue	Jefferson Park, Los Angeles	Multifamily
3022 S. Western Avenue	Jefferson Park, Los Angeles	Multifamily"
4750 Wilshire Boulevard (surface lot)	Mid-Wilshire	Multifamily
1021 & 1007 E 7th Street	East Austin	Multifamily
3601 South Congress (Penn Field)	Austin	Multifamily
8944 Lindblade Street, 8960 & 8966 Washington Boulevard °	West Los Angeles	Creative Office"
2 Kaiser Plaza	Oakland	Creative Office/Multifamily"
Sheraton Grand Parking Garage	Sacramento	Multifamily development over existing parking garage
466 Water Street	Jack London Square, Oakland	Multifamily'
F-3 Land site	Jack London Square, Oakland	Hotel

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Asset-Light Approach Enhances ROI

CMCT may coinvest up to 80% of each project in order to enhance returns (through management fee and promote income) and mitigate risk (by reducing CMCT's investment per project)

CMCT Competitive Advantages

· Distribution
- · Access to 180 global institutional investors around the globe
· Development
- 。 Highly seasoned CIM Development team with 100+ team members with experience in urban planning, construction, design, architecture, engineering and project management

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Capital Structure Designed To Enhance Returns and Mitigate Risk

Preferred Stock Program

» Access to continuously offered preferred stock allows CMCT to enhance returns by executing on high return business plans while minimizing risks for common stockholders

Series A1

» Perpetual Preferred Stock
- · Series A1 coupon of 7.83% as of March 31, 2024¹
- Series A coupon of 5.5% (fixed rate)
- · Series D coupon of 5.65% (fixed rate)
» Series A1 is continuously offered bi-monthly issuance
» Investor option to redeem five years from issuance at stated value, plus accrued and unpaid dividends2
* Company option to call two years (Series A1) or five years (Series A and D) from issuance at stated value, plus accrued and unpaid dividends
» Redemption payable in cash or CMCT common stock, at election of CMCT

Target Capital Structure4

1) A Marc 31, 2001 at 6 m a sener a sene A, sens A a seres S Pelerind Sock a ne proom the pino of the pinor the pinor the pinor the pinor the pino the piner and spier se and Note: All pages of the presentation must be important Dictosures on page 2 and 3 and stating on page 37.5se "Property Pictures" on page 37 under Important Discoures

CMCT | Property Summaries

Bay Area: Recent Multifamily Acquisitions

Newer vintage, premier multifamily in high barrier to entry market acquired at a steep discount to replacement cost1 Channel House (Jack London Square)

» Acquired in 1Q'23 for \$134.6 million, or \$404,000 per unit (333 total units)
» Conveniently located just steps to the ferry with direct access to San Francisco

1150 Clay Street (Downtown Oakland)

» Acquired in 1Q'23 for \$145.5 million, or \$505,000 per unit (288 total units)
» Conveniently located downtown and steps from the BART with easy access to San Francisco
Based on CMCT's analysis. 2. Source: Costar (January 2023). 3. Source Costar (December 2023)

Oakland Market

Recent strong absorption is a precursor to future rent growth.
Oakland had a wave of new Class A supply from 2018-2022, but nearly 80% of the new supply has been absorbed.2
` Limited multifamily supply growth.2
Under Construction as % of Inventory
· SF 2.3%3
- · Oakland 2.3%3
- · Average of top 25 US markets 6.9%

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1902 Park Avenue (Echo Park)

» Acquired in 1Q'23 for \$19.1 million, or \$255,000 per unit (50% joint venture) on an off-market basis
» Newer vintage asset that opened in 2011
» Echo Park is an emerging trendy submarket northwest of downtown LA; walkable area with dozens of dining and entertainment options
» Recent new leases executed at a significant premium to in-place rents
» 1 BR- \$2,100-\$2,250 (versus average in place of \$1,655)
» 2 BR \$2,700-\$2,750 (versus average in place of \$2,223)

4750 Wilshire Boulevard (Park Mile)

» Converting unleased space to multifamily
» Closed coinvestment in 1Q'23 whereby CMCT has been earning a management fee and may potentially earn a promote; CMCT's ownership declined to 20%
» Started conversion to multifamily in March 2023 with a total budget of approximately \$31.0 million (total costs of \$17.3 million had been incurred as of 1Q'24)
» Centrally located in affluent Park Mile/Hancock Park surrounded by multi-million dollar single family homes
» Short drive time to Hollywood/West Hollywood (10 minutes), Beverly Hills/Culver City/Downtown LA (20 minutes) and Santa Monica (30 minutes)

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Beverly Hills: Premier Located Class A Office & Retail CMCT

9460 Wilshire Boulevard (Beverly Hills)

» In August 2022, signed 20 year, ~18,000 SF lease for a Rolls Royce showroom
» The previously underutilized retail space was occupied by a real estate brokerage firm and a financial advisor
» CMCT has originated or renewed leases with all current tenants since 2018 acquisition
» Prominent location in the prestigious Golden Triangle of Beverly Hills and adjacent to the Four Seasons Beverly Wilshire Hotel and Rodeo Drive
» Leased % increased to 93.7% at end of 4Q'23 (from 91.0% at end of 2022)

Artistic renderings are for illustrative purposes only

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Austin: Stabilized Creative Office with Potential To Add Multifamily

Overview

CMCT acquired the 16-acre campus at 3601 S. Congress Ave in 2007 in an off-market transaction; in-place rents have increased more than threefold since the acquisition.

· The creative office campus attracts a diverse tenant mix including technology, media and entertainment companies

· CMCT is evaluating different development options, including adding one or more multifamily buildings to the creative office campus. As of March 31, 2024, this property was in pre-development phase, and the Company has not finalized the formal development plan for this property.

· In June 2022, the Austin City Council approved zoning changes that allow CMCT to add more density on this property.
· In July 2023, received approval of zone change for the property that was not previously zoned for multifamily the entire 16 acre campus is now zoned for multifamily.

1) Source Costar July 2021 Office Market Report

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A Compelling Growth Market

· No state income tax and diverse employment sources – government, education and tech
· Home to many large U.S. corporations including Amazon, Facebook, Apple, Cisco,
eBay, GM, Google, IBM, Intel, Oracle, Paypal, 3M and Whole Foods
Rapid market office rent growth (10 year
CAGR of 5.6%)
Population growth Five year forecast growth
rate of 2.0% (versus 0.5% in the U.S.)
Employment growth Ten year historical growth rate of 3.93% (versus 1.22% in the U.S.)

East Austin: Multifamily Development

A Dynamic Thriving Submarket

· The Property is located in the East Austin
The building is located on one of the main
thoroughfares of Austin, East 7th Street, and within 1.5 miles of seven existing CIM properties.
This corridor is among the most desirable locations for creative office space and residential in Austin as
it has numerous food and dining options within close proximity and provides direct access to both the Central Business District and Eastside.

Overview

» In November 2020, CMCT acquired 1021 E 7" Street for \$6.1 million on an off-market basis; in July 2022, CMCT
acquired 1007 E 7" Street, an adjacent property, for \$1.9
» In total, represented ~14,000 SF of office on a ~36,000 of contiguous land SF prime for development.
» In June 2023, received final entitlements allowing for construction of an 8-story multifamily building.
» CMCT is evaluating different development options, includings when the last lease
expires in 2025 and constructing a premier multifamily property. As of March 31, 2024,

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Echo Park: Office Value-Add & Ground-Up Multifamily CMCT

Overview

» CMCT and a CIM-managed separate account acquired 1910 W. Sunset Blvd and 1915 Park Avenue for approximately \$51 million in February 2022 (CMCT owns ~44%)
» 1910 W. Sunset is an approximately 100,000 SF creative office building; the 8-story building with floor-to-ceiling windows is the tallest in Echo Park, providing spectacular views in all directions
» Ability to create 13-foot ceiling heights on newly-renovated space
» Ideal location and product for entertainment and fashion tenants

» Began construction on 1915 Park Avenue - ground-up construction of 36 multifamily units with a total budget of \$19.3 million. As of March 31, 2024, there had been total costs incurred of \$2.3 million in connection with the project.

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1) Source Costar; based on East Hollywood/Silver Lake submarket. Accessed May 2022.

A Dynamic Submarket

Echo Park is a trendy submarket northwest of downtown LA; walkable area with dozens of dining and entertainment options
· Located ~1 mile from Dodgers Stadium and adjacent to newly-renovated Echo Park Lake, which features walking paths, picnic areas, paddle boats and lotus flower gardens
Easy access to four major freeways (Hollywood, Pasadena, Glendale and Golden State Freeways); approximate 20 minute drive to Hollywood, Downtown LA, Pasadena and Burbank
Average 10-year annual office rent growth of 5.0%
· Average 10-year office vacancy of 6.7%1

Culver City: Potential Creative Office Development

A Dynamic Thriving Submarket

Well-located asset in the heart of Culver City
Home to several high-profile media and technology companies including Apple, Amazon, HBO and Sony
· Adjacent to the Metro Expo Line, offering easy access to both the Westside and Downtown LA

Overview

» 8960 & 8666 Washington Boulevard: ~24,448 SF of creative office space
» Received final entitlement to re-develop 8960 & 8666 Washington Blvd. into 50,000 + square foot creative office
building. As of March 31, 2024, this property was in predevelopment phase, and the Company has not finalized the formal development plan for this property.

8944 Lindblade Street: ~7,980 SF of commercial space currently used for broadcasting. As of March 31, 2024, this property was in pre-development phase, and the Company has not finalized the formal development plan for this

property.
Artistic renderings are for illustrative purposes only

Jefferson Park: Multifamily Development

An Emerging Submarket

Jefferson Park is home to a variety of residential buildings, shops, restaurants and offices
Adjacent to West Adams neighborhood where CIM has renovated and developed dozens of apartments, restaurants and retail spaces since 2016
· Convenient access to the 10 and 110 freeways
1.5 miles from the University of Southern California and 5.5 miles from downtown Culver City, home to several premier technology and entertainment companies

Overview

» In 1Q'22, CMCT acquired 3101 S. Western, which is located on a ~11,300 SF land site for \$2.3 million
» CMCT intends to develop approximately 40 residential units. Option to begin construction in 2024. As of March 31, 2024, this property was in predevelopment phase, and the Company has not finalized the formal development plan for this property.
» In 2Q'22, CMCT acquired 3022 S. Western, which is located on a ~28,300 SF land site for \$5.6 million
» CMCT intends to develop 119 residential units. Option to begin construction in 2024. As of March 31, 2024, this property was in predevelopment phase, and the Company has not finalized the formal development plan for this property.

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Oakland: Multifamily Development

An Emerging Submarket

・ 2 Kaiser Plaza is well located in the heart of Lake Merritt and just a six-minute walk from the BART, offering direct access to San Francisco
· Oakland has numerous local dining options and has emerged as a "cool" place to live and work.

Overview

» CMCT acquired 2 Kaiser Plaza in 2015; the property is currently utilized as surface parking
» CMCT submitted a request to entitle 2 Kaiser Plaza for multifamily, as it is currently entitled for office but can be developed as multifamily by right. CMCT believes that the entitlement will create incremental value for the land near term
» Current plans contemplate 596 units. As of March 31, 2024, this property was in pre-development phase, and the Company has not finalized the formal development plan for this property.

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Appendix

Note: All pages of the wed In conjunction with the Important Disclosures on page 37. See "Property Pictures" on page 37 under Important Disclosur unity.com | ©2024 CMCT | CMCT Creative Media & Community Trust Corporation

CIM is committed to incorporating Environmental, Social and Governance (ESG) criteria into its business strategies and day-today operations while supporting its tenants, employees and communities in these initiatives.1

Sustainable & Environmental Initiatives

» For more than 25 years, CIM has developed and operated sustainable infrastructure needed to support growing communities. Key projects include renewable energy, water storage and wasteto-value initiatives.
» CIM is a member of the Principles for Responsible Investment (PRI), a GRESB assessment participant and a partner in the EPA's Energy Star® program, with several LEED certified buildings. Additionally, CIM uses Energy Star® consumption tracking at more than 100 properties.
» CIM's water storage solution improves water supply sustainability, while its waste-to-value solution produces an alternative to petroleum-based products, cuts carbon emission and frees up landfills.

ESG Committee

» Comprised of leaders from across the organization, CIM's ESG committee supports and elevates CIM's sustainability efforts. The committee authored CIM's formal ESG policy, which details the organization's continued commitment to incorporate ESG best practices into each new project and ongoing.

CIMpact

» CIMpact coordinates grassroots initiatives and partners with regional and national non-profit organizations to further CIM's positive impact in communities.
» Through CIMpact, we support and encourage corporate and employee-led voluntary community service activities on both local and national levels.

Diversity, Equity & Inclusion Council

» Through employee education and reporting, as well as community outreach, the Diversity & Inclusion Council plays a crucial role in CIM's effort to encourage employees to honor and celebrate diversity in relationships with each other and all those we serve.

1) While Climan (sider ES factors when nation) in Evel one pursue an ES-based investment stategy of mill the investments to bose hat meet specific ES criteria Al pages of the presentation must be viewed in conjunt Disclosures on page 2 and 3 and 3 and 3 and 3 and 3 and 3 included on page 37 inder inportant Disclosures

CIM Group Commitment to CMCT

CIM Group owns ~45.7% of CMCT common stock

Management and Corporate Governance

CMCT's Board includes CIM Group's three co-founders (Richard Ressler, Avi Shemesh, and Shaul Kuba)

Strong Market Knowledge and Sourcing

CMCT benefits from CIM Group's identification of Qualified Communities, sourcing capabilities and access to resources of vertically integrated platform

Management Agreement/Master Services Agreement Fees

» 1% of net asset value

» Reimbursement of shared services
» Income incentive fee is 20% of CMCT's quarterly core funds from operations in excess of a quarterly threshold equal to 1.75% (i.e., 7% on an annualized basis) of CMCT's average adjusted common stockholders' equity, subject to catchup2
» 15% of cumulative aggregate realized capital gains net of aggregate realized capital losses minus the aggregate capital gains fees paid in prior periods. Realized capital gains and realized capital losses are calculated by subtracting from the sales price of a property (a) any costs and expenses incurred to sell such property and (b) the property's original acquisition price, plus any subsequent, non-reimbursed capital improvements thereon paid for by СМСТ.

CMCT

at cost (accounting, tax, reporting, etc.)
» Perpetual term

1) holders of Chan of the nor of MCT. A Chilent of Mich (1204. II) No incerive fe will be ears cor FFO is \$10 in 01-8 and (10 and my cess corFO s \$0, (10 st my cess corFO st

Note: Al page of the presentation must be important Dictosures on page 2 and 3 and stating on page 37. See "Property Pictures" on page 37 under Important Disclosures w.creativemediacommunity.com | ©2024 CMCT | CMCT Creative Media & Community Trust Corporation 32

Key Metrics

Top Five Tenants (March 31, 2024)

Tenant	Property	Lease Expiration		Annualized Rent (in thousands)	% of Annualized Rent	Rentable Square Feet	% of Rentable Square Feet
Kaiser Foundation Health Plan, Inc.	1 Kaiser Plaza	2024, 2025, 2027	A	18,963	29.5 %	366.777	27.7 %
U.S. Bank, N.A.	9460 Wilshire Boulevard	2029		4,044	6.3 %	27,569	2.1 %
3 Arts Entertainment, Inc.	9460 Wilshire Boulevard	2026		2,928	4.5 %	27,112	2.0 %
F45 Training Holdings, Inc.	3601 S Congress Avenue	2030		2,418	3.8 %	44,171	3.3 %
Westwood One, Inc.	Lindblade Media Center	2025		2.136	3.3 %	32,428	2.4 %
Total for Top Five Tenants				30 489	47.4 %	498,057	37.5 %
All Other Tenants				33,857	52.6 %	608,203	45.9 %
Vacant				1	96 -	220,113	16.6 %
Total Office				64,346	100.0 %	1,326,373	100.0 %

Lease Expirations as a % of Annualized Office Rent (As of March 31, 2024)

40.0%

		Intee Months clubs
(Unaudited and in thousands)	March 31, 2024		March 31, 2023
Net loss attributable to common stockholders	ಕ್ಕೆ	(12,295)	ਟੇ	(12,715)
Depreciation and amortization		6.478		9,502
Noncontrolling interests' proportionate share of depreciation and amortization		(104)		(477)
Gain on sale of real estate				(1,104)
FFO attributable to common stockholders	ಳಿ	(5,921)	ક	(4,794)
Straight-line rent and straight-line lease termination fees		(26)		744
Amortization of lease inducements		87		87
Amortization of above and below market leases		(2)		(33)
Amortization of premiums and discounts on debt		(14)		(1)
Amortization and accretion on loans receivable, net		(8)		(99)
Amortization of deferred debt origination costs		624		395
Unrealized premium adjustment		196		265
Unrealized loss (gain) included in income from unconsolidated entities		313		(841)
Deferred income taxes		13		(11)
Non-cash compensation		55		55
Redeemable preferred stock redemptions		806		373
Transaction-related costs		690		3,360
Noncontrolling interests' proportionate share of transaction-related costs				(194)
Recurring capital expenditures, tenant improvements, and leasing commissions	\$	(1,379)	A	(1,691)
AFFO attributable to common stockholders	S	(4,566)	ಕ್	(2,385)

1) Non-GAAP Financial Measure. Please refer to explanations at slide 38.

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Capital Structure Designed to Enhance Returns and Mitigate Risk

Debt & Preferred Summary (March 31, 2024)

Mortgage Payable	Interest structure (fixed/variable etc.)	Interest Rate	Maturity/ Expiration Date	Loan balance (in millions)
Fixed rate mortgage payable 2	Fixed	4.14% - 6.25%	6/7/2024 - 7/1/2026	44	163.7
Variable rate mortgages payable 3	Variable	SOFR + 3.36%	7/7/2025	\$	87.0
Total Mortgage Payable				\$	250.7
Other Debt
SBA 7(a) Loan-Backed Notes "	Variable	SOFR + 2.90%	3/20/2043	49	37.8
Total Other Debt				5	37.8
Corporate Debt
2022 Revolving Credit Facility 3	Variable	SOFR + 2.60%	12/14/2025	A	158.2
Junior Subordinated Notes	Variable	SOFR + 3.51%	3/30/2035	\$	27.1
Total Corporate Debt				\$	185.3
Total Debt				\$	473.8

Debt Maturity Schedule
(March 31, 2024)' | in millions

Fixed Debt vs. Floating Debt (March 31, 2024)1

Preferred Stock	Interest structure (fixed/variable etc.)	Coupon	Maturity/ Expiration Date		Outstanding (in millions)
Series A1	Variable®	7.83%	N/A	ಳಿ	280.2	6
Series A	Fixed	5.50%	N/A		176.1
Series D	Fixed	5.65%	N/A		1.2 8
Total Preferred Stock				S	457.5
Total Debt + Preferred Stock				ട്	931.3

See "Important Information - Debt and Preferred Summary" on page 36.
*45% of floating rate debt is subject to interest rate caps

Note: Al page of the presentation must be important Dictosures on page 2 and 3 and stating on page 37. See "Property Pictures" on page 37 unter Important Dicosures on

Important Information - Debt and Preferred Summary CMCT

Excludes: (a) \$2.4 million of secured borrowings government guaranteed loans, which repr
sold loans that are treated borrowings because the loan sales did not meet the
p repre
premiums, discounts and describes of rust of trust or trust on trust on the propries
Companys Med rate moreges populario en lectronice of 4.1445 and Maria Maria Maria Maria M
The Company's variable is secured by a deed of trust on the property andele
assignment of receivable As of March 31, 2024, the Company of the marker on the benefic
had a v 3.

The Comery Mascosyage with the March Parish Parish Parabile Municient Promierien
Seree on manusuna mintage Theracther Merces Chambler Server Morganization Concerner of Conc Oakland, California,

On March 9 2023. be company completed a securities and more organianced primor of certail of certail of certail of certail of certail of consin
consection ante annonimente ortion of certain of
A 7(a) loan-backed ow account). The collateralized loans are received.

The 202 credit facility matures in December of the one-year extension options future borrowings,

As of March 31, 2024, the Company was not in compliance with a financial covenant under the 2022

The Connect to decrosom with a daring the contract the 200 comments of the Comments of the Comments of the Comments of Comments of Comments of Commercial Comments of any and

Outstanding Series ATP-red Stock onlines March States of March 11, 024 of Star.
6
Outstanding Series A Preferred Stock represents total stores as of March 31, 2024 of 8,820,33,8,
les redemptions of 1,778,005 shares, multiplied by the stated values of \$25
Ourstanding Series D Preferred Stock represents total shares issued as of March 31, 2024 of 56,857,
less redemptions of 8,410, multiplied by the stated value of \$25.00 per

Note: Al pages of the presentation must be important Discosures on page 2 and 3 and stating on page 37. See "Property Pictures" on page 37 under important Discioures

Important Disclosures

Annualized Rent. represents gross monthly base rent, or gross monthly contractual rent under parking and retail leases, multiplied by 12. This amount reflects total cash rent before abatements. Where applicable,
annualized rent has been grossed up by adding annualized expense reimbursements to base rent. Annualized rent for certain office properties includes rent attributable to retail.

Assets Owned and Operated (AOO). represents the aggregate assets
owned and operated by CIM on behalf of partners (including where CIM contributes alongside for its own account) and co-investors, whether or not CIM has discretion, in each case without duplication.

Property Pictures. The property/properties shown may not be representative of all transactions of a given type or of investments generally, may represent an investment/investments that performed better than other investments made by CIM-funds, is not necessarily indicative of the performance of all such investments by CIM-funds and is intended solely to be illustrative of the types of investments that may be made by CMCT. There can be no assurance similar investment opportunities will be available to CMCT or that CMCT will generate similar returns.

Logos. CIM Group is not affiliated with, associated with, or a sponsor of any of the tenants pictured or mentioned. The names, logos, and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. The trade names shown are reflective of the tenants in properties owned by CMCT. Corporate tenants may also occupy numerous properties that are not owned by CMCT. CMCT is not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products on services pictured or mentioned. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies.

DISCLAIMERS. The results that an investor will realize will depend, to a significant degree, on the assets actually purchased by CMCT from time to time and the actual performance of such assets, which may be impacted by economic and market factors. The actual performance of CMCT will be subject to a variety of risks and uncertainties, including those on page 3. In no circumstance should the hypothetical returns be regarded as a representation, warranty or prediction that a specific investment or group of investments will reflect any particular performance or that it will achieve or is likely to achieve any particular result or that investors will be able to avoid losses, including total loss of their investments. Inherent in any investment is the potential for loss. There can be no assurance that CMCT will achieve comparable results, that the returns sought will be achieved or that CMCT will be able to execute its proposed strategy. Actual realized returns on investments may differ materially from any return indicated herein.

Note: Al pages of the presentation must be important Disclosures on page 2 and stating on page 37. See "Propery Pictures" on page 37 under Inportant Disclosures

treativemediacommunity.com | CMCT Creative Media & Community Trust Corporation

Important Disclosures

Capital Returned to Shareholders. The amounts of regular and special cash dividends per share are based on the number of shares outstanding as of the applicable record dates. All amounts have been adjusted to give
retroactive effect to the reverse stock split that occurred in 2019. Past performance is not indicative of future results. CMCT is the product of a
merger (the "Merger") between a subsidiary of CIM Urban REIT, LLC ("ClM REIT"), a fund operated by CIM Group, and PMC Commercial Trust ("PMC"), a
publicly traded mortgage real estate investment trust, consummated in Q1 2014. Represents dividends paid on our common stock from January 1, 2014 through September 30, 2020. Excludes a special dividend paid to PMC Commercial Trust's stockholders in connection with the Merger, but includes 2014 dividends received by CIM REIT stockholders prior to the
Merger and dividends on convertible preferred stock received by Urban Partners II, LLC, an affiliate of CIM REIT and CIM Group, on an as converted basis, in the Merger. The per share equivalent in proceeds from CMCT's June 2016 tender offer is \$6.45, calculated by dividing \$210,000,000, the amount used by CMCT to purchase shares of common stock of CMCT in the tender offer, by 32,558,732, the number of shares of common stock
outstanding immediately prior to such tender offer, as adjusted to give retroactive effect to the reverse stock split that occurred in 2019.

Adjusted Funds From Operations (AFFO). AFFO is a non-GAAP, nonstandardized measure which is widely reported by RES . Other REFT , nay AFFO may not be comparable to the AFFO of other REITs. CMCT calculates AFFO by (a) eliminating the impact on FFO of (i) straight-line rent faciled by the rent faciled by the rent faciled by the above and below market leases (including ground leases); (iv) amortization
of above and below market debt, loan premiums and discunstion of alsountion of elis ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺮﺍﺟﻊ ﺍﻟﺴﻮﺩﺍﺕ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺴﺘﻮﻳﺔ ﺍﻟﻤﺮﺍﺳﻊ ﺍﻟﻘﺮﻥ ﺍﻟﻤﺮﺍﺳﻊ.
ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻘﺒﺔ ﺍﻟﻤﺎﺿﻴﺔ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺘﻮﺳﻂ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﺴﻴﺎﺳﻴﺔ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤ is all and provide a meaningful forecast of the comparable GAAP measures
or reconciliation to any forecasted GAAP measure without unreasonable effort.

AFFO is not intended to represent cash flow but may provide additional
perspective on CMCT's operating results and our ability to fund cash needs and pay dividends. AFFO should only be considered as a supplement to net
income. See page 34 for a reconciliation of AFFO to net loss attributable to
common stockholders.

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AI Terminal

Creative Media & Community Trust Corporation

6737_rns_2024-05-16_8cdcb8e6-904a-46c9-8b08-c36fe6842ffc.pdf

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

FORM 8-K

CURRENT REPORT

Item 2.02 Results of Operations and Financial Condition

Item 7.01. Regulation FD Disclosure

Item 9.01 Financial Statements and Exhibits.

SIGNATURE

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION

Creative Media & Community Trust Corporation Reports 2024 First Quarter Results

First Quarter 2024 Highlights

Real Estate Portfolio

Financial Results

Management Commentary

First Quarter 2024 Results

Real Estate Portfolio

Financial Results

Segment Information

Office

Hotel

Multifamily

Lending

Debt and Equity

Dividends

About the Data

FORWARD-LOOKING STATEMENTS

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets (Unaudited and in thousands, except share and per share amounts)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Consolidated Statements of Operations (Unaudited and in thousands, except per share amounts)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Funds from Operations Attributable to Common Stockholders (Unaudited and in thousands, except per share amounts)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Core Funds from Operations Attributable to Common Stockholders (Unaudited and in thousands, except per share amounts)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Reconciliation of Net Operating Income (Unaudited and in thousands)

Forward-looking Statements

CIM Group: Manager of CMCT

Creative Media & Community Trust Corporation

CMCT

Executing on strategy to grow multifamily portfolio

Additional progress on asset-light value-add and development pipeline

Stable office leased percentage and strong hotel performance

Taking steps to strengthen balance sheet and improve cash flow - evaluating:

CMCT: Strategy of Investing Ahead of the Curve

Designed to Benefit From Changing Lifestyles1

CMCT

Designed to Benefit From Changing Lifestyles1

CMCT

Key Office Trends

Designed to Benefit From Changing Lifestyles

Creative Office Statistics1

Assets in Vibrant and Emerging Sub-Markets1

CMCT

Assets in Vibrant and Emerging Sub-Markets

Case Study:

70% of investments sourced off-market1

CMCT Management

Barry Berlin СМСТ СFO

Inside Board Members

Avi Shemesh

Resources, Market-Knowledge and Relationships'

Class A & Creative Office Portfolio

Multifamily Portfiolio

Hotel & Parking Garage

1,500+ Multifamily Units in the Pipeline

Asset-Light Approach Enhances ROI

CMCT Competitive Advantages

Capital Structure Designed To Enhance Returns and Mitigate Risk

Preferred Stock Program

Series A1

Target Capital Structure4

CMCT | Property Summaries

Bay Area: Recent Multifamily Acquisitions

1150 Clay Street (Downtown Oakland)

Oakland Market

1902 Park Avenue (Echo Park)

4750 Wilshire Boulevard (Park Mile)

Beverly Hills: Premier Located Class A Office & Retail CMCT

9460 Wilshire Boulevard (Beverly Hills)

Austin: Stabilized Creative Office with Potential To Add Multifamily

Overview

A Compelling Growth Market