As of December 31, 2025, our real estate portfolio consisted of 27 assets, all of which were fee-simple properties and five of which we own through investments in Unconsolidated Joint Ventures.
−Removed: Our Unconsolidated Joint Ventures contain one office property, one multifamily site currently under development, two multifamily properties (one of which has been partially converted from office into multifamily units and is now being classified as a multifamily property) and one commercial development site.
−Removed: As of December 31, 2024, our 12 office properties, totaling approximately 1.3 million rentable square feet, were 70.6% occupied, and our one hotel with an ancillary parking garage, which has a total of 505 rooms, had RevPAR of $135.90 for the year ended December 31, 2024, and our four multifamily properties were 81.7% occupied.
−Removed: Additionally, as of December 31, 2024, we had nine development sites (three of which were being used as parking lots).
+Added: Our Unconsolidated Joint Ventures contain one office property, three multifamily properties (one of which has been partially converted from office into multifamily units and is now classified as a multifamily property) and one commercial development site.
+Added: As of December 31, 2025, our 12 office properties, totaling approximately 1.3 million rentable square feet, were 74.8% occupied, and our one hotel with an ancillary parking garage, which has a total of 505 rooms, had RevPAR of $152.70 for the year ended December 31, 2025, and our five multifamily properties were 85.3% occupied.
+Added: Additionally, as of December 31, 2025, we had eight development sites (two of which were being used as parking lots).
Office Portfolio Detail by Classification, Address, Market, and Submarket as of December 31, 2025
42 unchanged sentences
(5) The property is located on a land site of approximately 7,450 square feet.
−Removed: The Company intends to complete pre-development and entitlement work to provide optionality for future multifamily development.
−Removed: (6) CMCT and a CIM-managed separate account purchased the property in February 2022 through a joint venture.
−Removed: CMCT owns approximately 44% of the property.
+Added: (6) CMCT and a CIM-managed separate account purchased the property in February 2022 through a joint venture (the “1910 Sunset JV”).
+Added: CMCT owns 44.2% of the property.
The amounts shown in the table represent 100% of the property.
2 unchanged sentences
Alternatively, we are also evaluating a multifamily development.
−Removed: (8) The Company owns approximately 29% of the property.
+Added: (8) The Company owns approximately 29% of the property through an Unconsolidated Joint Venture.
+Added: The amounts shown in the table represent 100% of the property.
The property has a site area of approximately 44,141 square feet and currently contains a parking garage which is being leased to a third party.
13 unchanged sentences
68 83.8 % $ 2,349 $ 3,434
+Added: 1915 Park Avenue - 44.2% (4)
+Added: Echo Park 36 16.7 % $ 97 $ 1,352
Total Unconsolidated Multifamily Portfolio 180 74.4 % $ 4,126 $ 2,480
11 unchanged sentences
N/A N/A N/A N/A
−Removed: 1915 Park Avenue - 44% (7)
−Removed: Echo Park N/A N/A N/A N/A
F3 Land Site (8)
4 unchanged sentences
(1) Represents gross monthly base rent under leases commenced as of December 31, 2025, divided by occupied units.
−Removed: (2) The Company owns 25.5% of the property.
+Added: (2) The Company owns 25.5% of the property through an Unconsolidated Joint Venture.
The amounts shown in the table represent 100% of the property.
−Removed: The property is a 75-unit four-story building.
(3) We sold 80% of our interest in 4750 Wilshire Boulevard to three co-investors (the “4750 Wilshire JV Partners”) in February 2023, with our remaining 20% interest now invested in a newly-formed joint venture with the JV Partners (the “4750 Wilshire JV”).
2 unchanged sentences
The 4750 Wilshire JV refers to the multifamily portion of the building as “701 S Hudson”.
+Added: (4) The Company owns 44.2% of the property through the 1910 Sunset JV.
+Added: The amounts shown in the table represent 100% of the property.
+Added: The property is a 36-unit multifamily apartment building which was completed and began leasing during the fourth quarter of 2025.
(5) The Company intends to develop a total of approximately 160 residential units across both properties.
3 unchanged sentences
(7) The Company owns 100% of the 4750 Wilshire Boulevard backlot land parcel.
−Removed: The site is being evaluated for potential multifamily development and currently is being utilized as a surface parking lot.
−Removed: (7) The Company owns approximately 44% of the property through a joint venture partnership (the “1910 Sunset JV”).
−Removed: The 1910 Sunset JV has begun construction to build 36 multifamily units on the 1915 Park Avenue land parcel adjacent to the office building (the “1915 Park Project”).
−Removed: The 1915 Park Project is expected to be completed by the third quarter of 2025 and to cost approximately $14.7 million (excluding the land acquisition cost), the Company’s share of which is expected to be $6.5 million.
+Added: The site is being evaluated for potential multifamily development.
(8) Currently being utilized as a parking lot.
33 unchanged sentences
9460 Wilshire Boulevard - / - / - 2027 3,161 5.5 % 27,112 2.1 %
−Removed: F45 Training Holdings, Inc.
−Removed: 3601 S Congress Avenue - / - / - 2030 2,418 4.4 % 44,171 3.4 %
O'Gara Coach Company, L.L.C.
9460 Wilshire Boulevard - / - / - 2043 2,512 4.4 % 18,157 1.4 %
+Added: F45 Training Holdings, Inc.
+Added: 3601 S Congress Avenue - / - / - 2030 2,485 4.3 % 44,171 3.4 %
Total for Top Five Tenants 25,887 45.2 % 353,701 27.2 %
12 unchanged sentences
Other Services (except Public Administration) 4,201 7.3 % 55,336 4.2 %
−Removed: Real Estate and Rental and Leasing 2,098 3.8 % 41,667 3.2 %
−Removed: Information 1,944 3.5 % 34,313 2.6 %
Public Administration 2,173 3.8 % 43,524 3.3 %
+Added: Real Estate and Rental and Leasing 1,829 3.2 % 41,667 3.2 %
Retail Trade 1,684 2.9 % 38,184 2.9 %
+Added: Information 1,668 2.9 % 30,784 2.4 %
Other 4,417 7.8 % 115,414 8.8 %
22 unchanged sentences
(1) Includes 4,193 square feet of month-to-month leases as of December 31, 2025.
+Added: Includes 178 square feet (less than 0.1% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2026.
(2) Includes 924 square feet (approximately 0.1% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2027.
3 unchanged sentences
(6) Includes 25,845 square feet (approximately 2.7% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2032.
+Added: (7) Includes 38,801 square feet (approximately 4.0% of total portfolio occupied square footage) of leases with tenant-controlled early termination options to terminate prior to 2037.
Property Indebtedness as of December 31, 2025
12 unchanged sentences
105,000 7.41% 1/11/2030 105,000
−Removed: 1910 Sunset Boulevard (2) 23,925 SOFR + 2.95% 9/13/2025 23,925
+Added: 1910 Sunset Boulevard (3)
+Added: 23,925 SOFR + 2.95% 3/13/2026 23,925
1915 Park Avenue (3)
2 unchanged sentences
37,901 SOFR + 3.11% 4/1/2026 37,901
+Added: 3601 S Congress Avenue 31,600 SOFR + 2.95% 4/3/2028 31,600
+Added: 8944 Lindblade Street 5,000 SOFR + 3.00% 2/14/2027 5,000
Total $ 545,604 $ 545,604
(1) Loan is generally not prepayable prior to April 1, 2026.
+Added: (2) Includes three one-year extension options.
(3) CMCT owns 44.2% of these properties through its investment the 1910 Sunset JV.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.