Item 2. Properties
ITEM
2. PROPERTIES
Our
executive office, which we lease on a month-to-month basis, is located at 701 W Avenue K, Suite 123, Lancaster, CA 93534. We lease property
in California for academic operations, corporate functions, enrollment services and student support services. Below is a table summarizing
our leased properties as of June 30, 2026:
Number of Buildings
Location
Total
Square Footage
Lease Expiration
1
Bakersfield, CA
26,515
2026
1
Lancaster, CA
34,446
Month-to-month & 2029
1
Temecula, CA
22,025
2026 & 2031
2
Salinas, CA
47,892
2027 & 2032
1
Pasadena, CA
8,879
2027
1
Antioch, CA
32,235
2035
In September 2026, CCC entered into a lease for approximately
28,218 square feet in Houston, Texas for its planned new campus. The lease has an initial term of 130 months following the commencement
date defined in the lease, and includes an option to renew for one additional seven-year term.
Our
facilities are utilized consistent with management’s expectations, and we believe such facilities are suitable and adequate for
current requirements and that additional space can be obtained on commercially reasonable terms to meet any future requirements.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.