WM Technology unit pays $32.4M to exit 113,692-sq-ft LA lease; signs Austin lease with $14.3M base rent

WM TECHNOLOGY, INC.

Ghost Management Group terminated its 113,692-sq-ft lease at 767 S. Alameda Street, Los Angeles (ROW DTLA) effective Oct 7, 2026; it originally ran to Feb 2031.
Termination fee to Alameda Square Owner LLC totals $32,420,959.43, paid in 53 monthly installments starting Oct 2026 ($650,438.97-$678,018.90, easing to $243,451.55 by 2030-31).
Landlord retains the $1.5M cash security deposit as collateral; WM Holding Company LLC's guaranty is now limited to the termination fee, with stipulation for entry of judgment on default.
New Austin lease with 7th and SM LP covers 26,223 sq ft at 924 E. 7th Street, starting by Feb 1, 2027, 114-month term, ~$14.3M aggregate base rent.
Austin landlord provides up to ~$1.7M in tenant-improvement allowance; subsidiary must post a ~$0.8M letter of credit or cash deposit within 10 days.

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