---
schema_version: "secwatch.filing_event.v1"
accession: "0000908311-23-000011"
form_type: "8-K"
ticker: "CMCT"
cik: "0000908311"
company_name: "Creative Media & Community Trust Corp"
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T11:39:07.053431+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CMCT completes $142.7M acquisition of 98.05% interest in 288-unit Oakland apartment building

## Summary
- Purchase price of $142.7M includes assumption of ~$78.3M mortgage on Eleven Fifty Clay property.
- Acquisition funded from cash on hand, Series A1 Preferred Stock proceeds, and credit facility draw.
- Property is a 16-story, 288-unit apartment building in downtown Oakland, California.
- Seller is indirectly wholly-owned by a fund managed by an affiliate of CIM Group, manager of CMCT.

## SEC filing metadata
- accession: 0000908311-23-000011
- form_type: 8-K
- ticker: CMCT
- cik: 0000908311
- company_name: Creative Media & Community Trust Corp
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908311/000090831123000011/0000908311-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908311/000090831123000011/cmct-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-23-000011
- JSON: https://secwatch.observer/filing/0000908311-23-000011.json
- Plain text: https://secwatch.observer/filing/0000908311-23-000011.txt

## Key facts
- M&A Transactions
  Creative Media & Community Trust Corp completed an acquisition involving 1100 Clay Venture Holdings, LLC for $142.7 million (closed 2023-03-28).
  - Action: acquisition
  - Counterparty: 1100 Clay Venture Holdings, LLC
  - Consideration: $142.7 million
  - Closing: 2023-03-28
  source text: On March 28, 2023, an indirect wholly-owned subsidiary of Creative Media & Community Trust Corporation (“CMCT”) completed the previously announced acquisition of a 98.05% interest in Eleven Fifty Clay, a 16-story apartment building with 288 units in downtown Oakland, California, from 1100 Clay Venture Holdings, LLC (the “Clay Seller”) for $142.7 million (including an assumption of a mortgage of approximately $78.3 million).
  evidence_url: https://www.sec.gov/Archives/edgar/data/908311/000090831123000011/0000908311-23-000011-index.htm

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