XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

OTHER INTANGIBLE ASSETS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Liabilities and Related Accumulated Amortization and Accretion | A schedule of our intangible assets and liabilities and related accumulated amortization and accretion as of September 30, 2020 and December 31, 2019 is as follows:
|  | Assets |  | Liabilities
September 30, 2020 |  | Acquired Above-Market Leases |  | Acquired In-Place Leases |  | Trade Name and License |  | Acquired Below-Market Leases
|  | (in thousands)
Gross balance |  | $ | 37 |  |  | $ | 12,135 |  |  | $ | 2,957 |  |  | $ | (2,368) |
Accumulated amortization |  | (13) |  |  | (8,911) |  |  | — |  |  | 1,638 |
|  | $ | 24 |  |  | $ | 3,224 |  |  | $ | 2,957 |  |  | $ | (730) |
Average useful life (in years) |  | 7 |  | 9 |  | Indefinite |  | 4
|  | Assets |  | Liabilities
December 31, 2019 |  | Acquired Above-Market Leases |  | Acquired In-Place Leases |  | Trade Name and License |  | Acquired Below-Market Leases
|  | (in thousands)
Gross balance |  | $ | 74 |  |  | $ | 13,653 |  |  | $ | 2,957 |  |  | $ | (3,521) |
Accumulated amortization |  | (42) |  |  | (9,382) |  |  | — |  |  | 2,239 |
|  | $ | 32 |  |  | $ | 4,271 |  |  | $ | 2,957 |  |  | $ | (1,282) |
Average useful life (in years) |  | 5 |  | 8 |  | Indefinite |  | 4
Schedule of Amortization of Acquired Leases | For the three and nine months ended September 30, 2020 and 2019, we recognized amortization related to our intangible assets and liabilities as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
|  | (in thousands)
Acquired above-market lease amortization |  | $ | 1 |  |  | $ | 17 |  |  | $ | 8 |  |  | $ | 59 |
Acquired in-place lease amortization |  | $ | 303 |  |  | $ | 495 |  |  | $ | 1,047 |  |  | $ | 1,636 |
Acquired below-market lease amortization |  | $ | 150 |  |  | $ | 376 |  |  | $ | 552 |  |  | $ | 1,310 |
Schedule of Future Amortization and Accretion of Acquired Intangible Assets and Liabilities | A schedule of future amortization and accretion of acquired intangible assets and liabilities as of September 30, 2020, is as follows:
|  | Assets |  | Liabilities
Years Ending December 31, |  | Acquired Above-Market Leases |  | Acquired In-Place Leases |  | Acquired Below-Market Leases
|  | (in thousands)
2020 (Three months ending December 31, 2020) |  | $ | 1 |  |  | $ | 302 |  |  | $ | (149) |
2021 |  | 5 |  |  | 899 |  |  | (347) |
2022 |  | 5 |  |  | 663 |  |  | (234) |
2023 |  | 6 |  |  | 375 |  |  | — |
2024 |  | 6 |  |  | 375 |  |  | — |
Thereafter |  | 1 |  |  | 610 |  |  | — |
|  | $ | 24 |  |  | $ | 3,224 |  |  | $ | (730) |

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets and liabilities. + References No definition available. + Details
Name: | cmct_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | cmct_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the aggregate amount of intangible assets and liabilities. + References No definition available. + Details
Name: | cmct_ScheduleOfIntangibleAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | cmct_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration