secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0000908311-25-000007
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

CMCT extends lease with Kaiser Foundation Health Plan on 236,692 sq ft through 2027
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- Lease extension effective Dec 30, 2024, covers all 236,692 rentable sq ft at 1 Kaiser Plaza, Oakland.
- Prior staggered expirations: 152,996 sq ft was set to expire Feb 2025; 83,696 sq ft in Feb 2027; now consolidated to Dec 2027.
- Contractual base rent: $11.6M in 2025, $12.0M in 2026, $9.3M in 2027 (includes three months abatement in 2027).
- Kaiser Foundation Health Plan is CMCT's largest tenant; this extension reduces near-term lease rollover risk.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831125000007/0000908311-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831125000007/cmct-20250108.htm
  HTML page:      https://secwatch.observer/filing/0000908311-25-000007

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