---
schema_version: "secwatch.filing_event.v1"
accession: "0000908311-23-000009"
form_type: "8-K"
ticker: "CMCT"
cik: "0000908311"
company_name: "Creative Media & Community Trust Corp"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T01:12:21.336431+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CMCT closes co-investment sale of 80% interest in 4750 Wilshire for $34.4M

## Summary
- Three international co-investors (Kanden Realty, Taisei USA, TO-4750 Wilshire) acquired 80% interest in 4750 Wilshire for ~$34.4M.
- CMCT retains 20% interest and will manage property; ongoing management fees and potential incentive fees.
- Proceeds will partly finance ~$31M conversion of two floors into for-lease multifamily units.
- Pro forma shows cash increase of $34.4M and investment in unconsolidated entity of $8.5M.

## SEC filing metadata
- accession: 0000908311-23-000009
- form_type: 8-K
- ticker: CMCT
- cik: 0000908311
- company_name: Creative Media & Community Trust Corp
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908311/000090831123000009/0000908311-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908311/000090831123000009/cmct-20230217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-23-000009
- JSON: https://secwatch.observer/filing/0000908311-23-000009.json
- Plain text: https://secwatch.observer/filing/0000908311-23-000009.txt

## Key facts
- M&A Transactions
  Creative Media & Community Trust Corp completed a disposition involving Kanden Realty & Development America LLC, Taisei USA, LLC and TO-4750 Wilshire Co-Investor, LP for approximately $34.4 million (closed 2023-02-17).
  - Action: disposition
  - Counterparty: Kanden Realty & Development America LLC, Taisei USA, LLC and TO-4750 Wilshire Co-Investor, LP
  - Consideration: approximately $34.4 million
  - Closing: 2023-02-17
  source text: On February 17, 2023, an indirect wholly owned subsidiary of Creative Media & Community Trust Corporation (“CMCT”) announced the closing of a co-investment transaction pursuant to which three international co-investors, Kanden Realty & Development America LLC, Taisei USA, LLC and TO-4750 Wilshire Co-Investor, LP, committed to acquire an 80% interest in a property owned by CMCT located at 4750 Wilshire Blvd in Los Angeles (“4750 Wilshire”) for an aggregate purchase price of approximately $34.4 million, excluding transaction costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/908311/000090831123000009/0000908311-23-000009-index.htm

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