---
schema_version: "secwatch.filing_event.v1"
accession: "0000908311-23-000007"
form_type: "8-K"
ticker: "CMCT"
cik: "0000908311"
company_name: "Creative Media & Community Trust Corp"
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T01:34:58.812859+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CMCT completes $122.8M Oakland acquisitions; agrees to $142.7M Eleven Fifty Clay purchase

## Summary
- Closed acquisition of 89.42% interest in Channel House (333 units), land parcels F-3 and Site D for $120.4M, $0.2M, and $2.2M.
- Agreed to acquire 98.05% interest in Eleven Fifty Clay (288 units) for $142.7M including $77.5M mortgage assumption; $10M non-refundable deposit paid.
- Eleven Fifty Clay expected to close no later than March 31, 2023; funded by cash, preferred stock proceeds, and credit facility draw.
- Also announced intention to acquire 75-unit Parkview Apartments in Los Angeles; expected close mid-February 2023.
- All sellers are affiliates of CIM Group, which manages CMCT; related-party transactions.

## SEC filing metadata
- accession: 0000908311-23-000007
- form_type: 8-K
- ticker: CMCT
- cik: 0000908311
- company_name: Creative Media & Community Trust Corp
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908311/000090831123000007/0000908311-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908311/000090831123000007/cmct-20230131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-23-000007
- JSON: https://secwatch.observer/filing/0000908311-23-000007.json
- Plain text: https://secwatch.observer/filing/0000908311-23-000007.txt

## Key facts
- M&A Transactions
  Creative Media & Community Trust Corp completed an acquisition involving Jack London Square Development (Oakland) Holdings, LLC, JLS F-3 (Oakland) Holdings, LLC, and 466 Water Street (Oakland) Holdings, LLC for $120.4 million, $0.2 million and $2.2 million, respectively (closed 2023-01-31).
  - Action: acquisition
  - Counterparty: Jack London Square Development (Oakland) Holdings, LLC, JLS F-3 (Oakland) Holdings, LLC, and 466 Water Street (Oakland) Holdings, LLC
  - Consideration: $120.4 million, $0.2 million and $2.2 million, respectively
  - Closing: 2023-01-31
  source text: On January 31, 2023, indirect wholly-owned subsidiaries of CMCT acquired an 89.42% interest in each of Channel House, an 8-story apartment building with 333 units in Jack London Square, Oakland, California, land parcel F-3 and land parcel Site D, in each case located in Oakland, California, from Jack London Square Development (Oakland) Holdings, LLC (the “Channel Seller”), JLS F-3 (Oakland) Holdings, LLC (the “F-3 Seller”) and 466 Water Street (Oakland) Holdings, LLC (the “Site D Seller”, and together with the Channel Seller and the F-3 Seller, the “Sellers”), respectively, for $120.4 million, $0.2 million and $2.2 million, respectively (including, in the case of Channel House, an assumption of a mortgage of $103.0 million).
  evidence_url: https://www.sec.gov/Archives/edgar/data/908311/000090831123000007/0000908311-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.