CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Other Events

ME Staff 8-k
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CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Other Events

CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT) Files An 8-K Other Events
Item 8.01 Other Events.

CIM Commercial Trust Corporation (the “Company”) is filing this Current Report on Form 8-K with the Securities and Exchange Commission to provide unaudited pro forma consolidated financial statements and explanatory notes as of June 30, 2019, for the six month period ended June 30, 2019 and for the year ended December 31, 2018 (collectively, the “Unaudited Pro Forma Consolidated Financial Statements”), relating to the sale on July 30, 2019 by Union Square 941 Property LP, Union Square 825 Property LP and Union Square Plaza Owner LP, all of which are indirect subsidiaries of the Company, of the following properties located in Washington, D.C. (collectively, the “Union Square Properties”) to Network Realty Partners, LLC: 999 North Capitol St. NE, 899 North Capitol St. NE and 901 North Capitol St. NE.

The Unaudited Pro Forma Consolidated Financial Statements are presented for informational purposes only and should not be considered indicative of actual results that would have been achieved had the sale of the Union Square Properties actually been consummated on the dates indicated in such pro forma financial statements and do not purport to be indicative of the financial condition as of any future date or results of operation for any future period.

Item 9.01 Financial Statements and Exhibits.

(d)           Exhibits.

CIM Commercial Trust Corp Exhibit
EX-99.1 2 a19-17039_1ex99d1.htm EX-99.1 Exhibit 99.1   CIM COMMERCIAL TRUST CORPORATION AND SUBSIDIARIES UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS   On July 30,…
To view the full exhibit click here

About CIM COMMERCIAL TRUST CORPORATION (NASDAQ:CMCT)

CIM Commercial Trust Corporation is engaged in acquiring, owning and operating Class A office investments in urban communities throughout the United States. These communities are located in areas that include traditional downtown areas and suburban main streets. The Company operates in the business segments, including the acquisition, redevelopment, ownership and management of office real estate, multifamily real estate and hotels. Its real estate portfolio consists of over 30 assets. It has approximately 20 office properties (including over two parking garages and over two development sites), totaling approximately 5.6 million rentable square feet, which are approximately 86.9% occupied; multifamily properties, composed of over 930 units, which are approximately 92.4% occupied, and hotels, which have a total of approximately 1,070 rooms. Its office, multifamily and hotel assets are located in over 10 of the United States markets.