Kelly Eppich
to fill the vacancy created by the passing of Mr. Kelly Eppich
Highest-materiality recent filing
CMCT Q2 2026: net loss $11.0M, EPS -$4.03; office 72.3% leased, multifamily 95.3% occupied
Net loss attributable to common stockholders $11.0M, or $4.03 per diluted share; FFO -$3.5M, Core FFO -$3.4M.
CMCT defaults on $97.1M non-recourse mortgage; lender demands full payment
Received default notice on $97.1M non-recourse mortgage at 1 Kaiser Plaza after July 1, 2026 maturity.
CMCT Q1 net loss $34.7M; sells lending business for $44.9M, redeems $242.8M preferred stock
Net loss attributable to common stockholders $(34.7M), $(70.52)/diluted share; Core FFO $(5.9M), $(11.89)/diluted share.
CMCT issues ~261M common shares in preferred stock redemptions, massive dilution
On March 12, 2026, issued 1,106,594 shares for Series A and 2,322,421 shares for Series A1 Preferred redemptions.
CMCT Q4 net loss $17.7M; sells lending business; redeems preferred stock to lift FFO
Net loss attributable to common stockholders $(17.7)M ($(11.20)/diluted share); FFO $(7.1)M ($(4.49)/share); Core FFO $(5.9)M ($(3.74)/share).
CMCT completes sale of lending division for $44.9M net of debt, receives $31.2M proceeds
Sold all equity interests of First Western SBLC, LLC to PG FR Holding, LLC (affiliate of Peachtree Group) on January 21, 2026.
CMCT reports Q3 net loss $17.7M; sells lending business for $44M, office leasing up 69% YTD
Net loss attributable to common stockholders of $17.7M ($23.52 per share); FFO loss $11.1M, Core FFO loss $10.5M.
CMCT agrees to sell lending division to Peachtree Group affiliate for approx. $44 million
Purchase price estimated at $44 million net of debt, yielding ~$31 million net cash proceeds to CMCT.
Stockholders approve three reverse stock split ratios up to 1:10
All three reverse split proposals passed: 1:4 (409,794 for, 91,846 against), 1:7 (405,276 for), 1:10 (404,237 for).
CMCT shareholders approve adjournment to solicit more votes on reverse stock split proposals
Adjournment vote: 374,139 for, 111,721 against, 6,111 abstentions.
CMCT Q2 2025: Net loss $14.3M; same-store office occupancy 70.1%, down 1220 bps YoY
Net loss per diluted share $(18.94); Core FFO per share $(9.53).
CMCT reports Q1 net loss of $11.9M, FFO loss $5.4M; repays credit facility with $35.5M mortgage
Net loss attributable to common stockholders of $(11.9)M ($(20.73)/diluted share) vs $(12.3)M in Q1 2024.
CMCT subsidiary enters $35.5M mortgage loan with Comerica Bank; repays $15M JPMorgan facility
$35.5M first-lien mortgage loan from Comerica Bank secured by Penn Field office campus in Austin, TX.
CMCT shareholders approve 1-for-25 reverse stock split at special meeting
Proposal approved with 8,344,683 for, 665,696 against, 61,621 abstain; no broker non-votes.
CMCT Q4 2024 net loss $1.78/shr; Core FFO -$0.75; debt reduced to $15M
Net loss $16.6M ($1.78/shr); FFO -$8.7M (-$0.93/shr); Core FFO -$7.0M (-$0.75/shr).
CMCT extends $15M credit facility maturity to March 31, 2025 via fourth modification
Fourth Modification Agreement with JPMorgan extends maturity from Jan 31, 2025 to March 31, 2025.
CMCT extends lease with Kaiser Foundation Health Plan on 236,692 sq ft through 2027
Lease extension effective Dec 30, 2024, covers all 236,692 rentable sq ft at 1 Kaiser Plaza, Oakland.
CMCT effects 1-for-10 reverse stock split; issues ~1.5M common shares for preferred redemptions
Reverse stock split effective Jan 6, 2025, combining every 10 common shares into 1 share; par value temporarily adjusted to $0.01, then reverted to $0.001.
CMCT obtains $105M mortgage loan from Wells Fargo, BofA, JPMorgan at 7.413% fixed rate
$105M first lien mortgage loan secured by three office buildings in Beverly Hills and Los Angeles.
CMCT issues ~14.2M common shares for redemption of 139K preferred shares in Dec 2024
On Dec 10, 18, and 19, 2024, CMCT issued 14,241,564 common shares in lieu of cash for 139,263 Series A/A1 preferred redemptions.
CMCT issues 15.4M common shares to redeem preferred shares, causing dilution
Issued 15,393,171 common shares to redeem 194,984 preferred shares (105,652 Series A + 89,332 Series A1) at VWAP.
Loan of up to $92.2M includes $84.3M closing advance to pay down $71.9M existing debt and fund hotel renovations.
CMCT largest tenant at 1 Kaiser Plaza signs LOI to extend 152,966 sq ft through Feb 2027
Non-binding LOI to extend 152,966 rentable square feet of office space at 1 Kaiser Plaza, Oakland, CA.
CMCT reports Q3 net loss $34.8M; receives Nasdaq delisting notice for bid price below $1.00
Net loss attributable to common stockholders of $34.8M ($1.22 per diluted share) vs $22.9M loss in Q3 2023.
Lenders waived an event of default for non-compliance with a financial covenant for the test period ending Sep 30, 2024.
CMCT issues ~60.5M common shares to redeem Series A and A1 Preferred Stock
Issued 25,950,415 common shares for Series A Preferred and 29,958,074 for Series A1 Preferred on Sep 23, 2024.
CMCT Q2 2024 net loss $9.7M; Core FFO $(0.09)/share, improved YoY
Net loss attributable to common stockholders $9.7M ($0.43/diluted share) vs $23.8M loss in Q2 2023.
CMCT Q1 net loss $12.3M; core FFO falls to $(4.4)M on higher interest costs
Net loss $12.3M ($0.54/diluted) vs $12.7M loss ($0.56) in Q1 2023.
CMCT Q4 2023 net loss $16.3M, FFO loss $9.9M; office same-store 84% leased
Net loss $16.3M ($0.72/sh) vs $8.9M loss in Q4 2022; Core FFO loss $8.4M ($0.37/sh) vs $4.4M positive.
CMCT Q3 net loss widens to $22.9M ($1.01/sh); FFO negative $7.5M
Net loss attributable to common stockholders of $22.9M, or $1.01 per diluted share, vs. $11.7M ($0.50) in Q3 2022.
CMCT reports $23.8M net loss in Q2 2023; Core FFO negative $0.17 per share
Net loss attributable to common stockholders of $23.8M ($1.05/diluted share) vs loss of $2.3M a year ago.
CMCT Board unanimously rejects $8.88/share unsolicited takeover proposal from Daniel Negari
Proposal received April 17, 2023 at $8.88 per common share from Daniel M. Negari.
CMCT Q1 net loss $12.7M; acquires 696 multifamily units, redeems Series L Preferred
Net loss attributable to common stockholders of $12.7M ($0.56 per diluted share), up from $2.8M loss in Q1 2022.
to fill the vacancy created by the passing of Mr. Kelly Eppich
On November 22, 2022, the Board of Directors (the “Board”) of Creative Media & Community Trust Corporation (the “Company”) appointed John Hope Bryant to the Board, effective immediately, to fill the vacancy created by the passing of Mr. Kelly Eppich.
Nathan DeBacker, the prior Chief Financial Officer and Secretary of the Company, will focus on other responsibilities within CIM Group, the manager of the Company (including continuing as the Chief Financial officer of CIM Real Estate Finance Trust, Inc., a public non-listed REIT operated by an affiliate of CIM Group).
Effective August 10, 2022, Barry Berlin, 62, an Executive Vice President of the Company and the Chief Executive Officer and Chairman of the Board of the Company’s lending division, will assume the additional roles of Chief Financial Officer and Secretary of the Company.
On April 29, 2022, the Board appointed Elaine Wong to the Board and the Compensation Committee of the Board, effective May 2, 2022, to fill the vacancy created by the retirement of Mr. Golay.
On April 29, 2022, Mr. Frank Golay, Jr. notified Creative Media & Community Trust Corporation (the “Company”) that he will retire from the Board of Directors (the “Board”) of the Company, effective May 2, 2022.
Max materiality 0.95 · Median 0.65 · Most common event other_material