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CIM Commercial Trust Corp. engages in the acquisition, ownership, and operation of Class A and office assets. It operates through the following segments: Office, Hotel, Multifamily, and Lending. Read More The Office segment consists of rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment relates to operations of hotel properties and rental income generated from a garage located directly across the street from one of the hotels. The Multifamily segment refers to rental of apartments and other tenant services. The Lending segment includes income from the yield and other related fee income earned on its loans receivable. The company was founded in 1979 and is headquartered in Dallas, TX.
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CIM Commercial Trust Provides Update On Plan To Maximize Returns For Shareholders
DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) announced today that it has sold five properties as part of its previously announced plan of unlocking embedded value in its portfolio and improving the trading liquidity of its common stock.
$0.19 per share