secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0000908311-23-000011
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831123000011/0000908311-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831123000011/cmct-20230328.htm
  HTML page:      https://secwatch.observer/filing/0000908311-23-000011

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