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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="STOCKBASEDCOMPENSATIONPLANSTables" roleURI="http://www.pmctrust.com/role/STOCKBASEDCOMPENSATIONPLANSTables">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKBASEDCOMPENSATIONPLANSRestrictedSharesandtheChangesDuringtheYearDetails" roleURI="http://www.pmctrust.com/role/STOCKBASEDCOMPENSATIONPLANSRestrictedSharesandtheChangesDuringtheYearDetails">
        <link:definition>2438424 - Disclosure - STOCK-BASED COMPENSATION PLANS - Restricted Shares and the Changes During the Year (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKBASEDCOMPENSATIONPLANSNarrativeDetails" roleURI="http://www.pmctrust.com/role/STOCKBASEDCOMPENSATIONPLANSNarrativeDetails">
        <link:definition>2439425 - Disclosure - STOCK-BASED COMPENSATION PLANS - Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREEPS" roleURI="http://www.pmctrust.com/role/EARNINGSPERSHAREEPS">
        <link:definition>2140108 - Disclosure - EARNINGS PER SHARE (''EPS'')</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREEPSTables" roleURI="http://www.pmctrust.com/role/EARNINGSPERSHAREEPSTables">
        <link:definition>2341307 - Disclosure - EARNINGS PER SHARE (''EPS'') (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREEPSReconciliationoftheNumeratorandDenominatorUsedinComputingBasicandDilutedPerShareComputationsDetails" roleURI="http://www.pmctrust.com/role/EARNINGSPERSHAREEPSReconciliationoftheNumeratorandDenominatorUsedinComputingBasicandDilutedPerShareComputationsDetails">
        <link:definition>2442426 - Disclosure - EARNINGS PER SHARE ("EPS") - Reconciliation of the Numerator and Denominator Used in Computing Basic and Diluted Per Share Computations (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
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        <link:definition>2143109 - Disclosure - REDEEMABLE PREFERRED STOCK</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      </link:roleType>
      <link:roleType id="REDEEMABLEPREFERREDSTOCKTables" roleURI="http://www.pmctrust.com/role/REDEEMABLEPREFERREDSTOCKTables">
        <link:definition>2344308 - Disclosure - REDEEMABLE PREFERRED STOCK (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REDEEMABLEPREFERREDSTOCKIssuancesReclassificationsandRedemptionsforeachclassofPreferredStockinPermanentEquityDetails" roleURI="http://www.pmctrust.com/role/REDEEMABLEPREFERREDSTOCKIssuancesReclassificationsandRedemptionsforeachclassofPreferredStockinPermanentEquityDetails">
        <link:definition>2445427 - Disclosure - REDEEMABLE PREFERRED STOCK - Issuances, Reclassifications and Redemptions for each class of Preferred Stock in Permanent Equity (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REDEEMABLEPREFERREDSTOCKNarrativeDetails" roleURI="http://www.pmctrust.com/role/REDEEMABLEPREFERREDSTOCKNarrativeDetails">
        <link:definition>2446428 - Disclosure - REDEEMABLE PREFERRED STOCK - Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REDEEMABLEPREFERREDSTOCKSeriesAPreferredStockNarrativeDetails" roleURI="http://www.pmctrust.com/role/REDEEMABLEPREFERREDSTOCKSeriesAPreferredStockNarrativeDetails">
        <link:definition>2447429 - Disclosure - REDEEMABLE PREFERRED STOCK - Series A Preferred Stock Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REDEEMABLEPREFERREDSTOCKSeriesDPreferredStockNarrativeDetails" roleURI="http://www.pmctrust.com/role/REDEEMABLEPREFERREDSTOCKSeriesDPreferredStockNarrativeDetails">
        <link:definition>2448430 - Disclosure - REDEEMABLE PREFERRED STOCK - Series D Preferred Stock Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REDEEMABLEPREFERREDSTOCKSeriesLPreferredStockDetails" roleURI="http://www.pmctrust.com/role/REDEEMABLEPREFERREDSTOCKSeriesLPreferredStockDetails">
        <link:definition>2449431 - Disclosure - REDEEMABLE PREFERRED STOCK - Series L Preferred Stock (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REDEEMABLEPREFERREDSTOCKDividendsNarrativeDetails" roleURI="http://www.pmctrust.com/role/REDEEMABLEPREFERREDSTOCKDividendsNarrativeDetails">
        <link:definition>2450432 - Disclosure - REDEEMABLE PREFERRED STOCK - Dividends Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REDEEMABLEPREFERREDSTOCKRedemptionsNarrativeDetails" roleURI="http://www.pmctrust.com/role/REDEEMABLEPREFERREDSTOCKRedemptionsNarrativeDetails">
        <link:definition>2451433 - Disclosure - REDEEMABLE PREFERRED STOCK - Redemptions Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKHOLDERSEQUITY" roleURI="http://www.pmctrust.com/role/STOCKHOLDERSEQUITY">
        <link:definition>2152110 - Disclosure - STOCKHOLDERS' EQUITY</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="STOCKHOLDERSEQUITYTables" roleURI="http://www.pmctrust.com/role/STOCKHOLDERSEQUITYTables">
        <link:definition>2353309 - Disclosure - STOCKHOLDERS' EQUITY (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKHOLDERSEQUITYCashDividendsDeclaredandPaidDetails" roleURI="http://www.pmctrust.com/role/STOCKHOLDERSEQUITYCashDividendsDeclaredandPaidDetails">
        <link:definition>2454434 - Disclosure - STOCKHOLDERS' EQUITY - Cash Dividends Declared and Paid (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="STOCKHOLDERSEQUITYNarrativeDetails" roleURI="http://www.pmctrust.com/role/STOCKHOLDERSEQUITYNarrativeDetails">
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        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEOFFINANCIALINSTRUMENTS" roleURI="http://www.pmctrust.com/role/FAIRVALUEOFFINANCIALINSTRUMENTS">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
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        <link:definition>2357310 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEOFFINANCIALINSTRUMENTSNarrativeDetails" roleURI="http://www.pmctrust.com/role/FAIRVALUEOFFINANCIALINSTRUMENTSNarrativeDetails">
        <link:definition>2458436 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEOFFINANCIALINSTRUMENTSFairValueMeasurementInputsDetails" roleURI="http://www.pmctrust.com/role/FAIRVALUEOFFINANCIALINSTRUMENTSFairValueMeasurementInputsDetails">
        <link:definition>2459437 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value Measurement Inputs (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEOFFINANCIALINSTRUMENTSUnobservableInputsDetails" roleURI="http://www.pmctrust.com/role/FAIRVALUEOFFINANCIALINSTRUMENTSUnobservableInputsDetails">
        <link:definition>2460438 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS - Unobservable Inputs (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="RELATEDPARTYTRANSACTIONS" roleURI="http://www.pmctrust.com/role/RELATEDPARTYTRANSACTIONS">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RELATEDPARTYTRANSACTIONSTables" roleURI="http://www.pmctrust.com/role/RELATEDPARTYTRANSACTIONSTables">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RELATEDPARTYTRANSACTIONSAssetManagementandOtherFeestoRelatedPartiesNarrativeDetails" roleURI="http://www.pmctrust.com/role/RELATEDPARTYTRANSACTIONSAssetManagementandOtherFeestoRelatedPartiesNarrativeDetails">
        <link:definition>2463439 - Disclosure - RELATED-PARTY TRANSACTIONS - Asset Management and Other Fees to Related Parties Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RELATEDPARTYTRANSACTIONSAssetManagementFeesCalculationDetails" roleURI="http://www.pmctrust.com/role/RELATEDPARTYTRANSACTIONSAssetManagementFeesCalculationDetails">
        <link:definition>2464440 - Disclosure - RELATED-PARTY TRANSACTIONS - Asset Management Fees Calculation (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="RELATEDPARTYTRANSACTIONSFeesandExpenseReimbursementsDetails" roleURI="http://www.pmctrust.com/role/RELATEDPARTYTRANSACTIONSFeesandExpenseReimbursementsDetails">
        <link:definition>2465441 - Disclosure - RELATED-PARTY TRANSACTIONS - Fees and Expense Reimbursements (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="RELATEDPARTYTRANSACTIONSDuetoRelatedPartiesDetails" roleURI="http://www.pmctrust.com/role/RELATEDPARTYTRANSACTIONSDuetoRelatedPartiesDetails">
        <link:definition>2466442 - Disclosure - RELATED-PARTY TRANSACTIONS - Due to Related Parties (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RELATEDPARTYTRANSACTIONSOtherNarrativeDetails" roleURI="http://www.pmctrust.com/role/RELATEDPARTYTRANSACTIONSOtherNarrativeDetails">
        <link:definition>2467443 - Disclosure - RELATED-PARTY TRANSACTIONS - Other Narrative (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIES" roleURI="http://www.pmctrust.com/role/COMMITMENTSANDCONTINGENCIES">
        <link:definition>2168113 - Disclosure - COMMITMENTS AND CONTINGENCIES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIESDetails" roleURI="http://www.pmctrust.com/role/COMMITMENTSANDCONTINGENCIESDetails">
        <link:definition>2469444 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LEASES" roleURI="http://www.pmctrust.com/role/LEASES">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="LEASESTables" roleURI="http://www.pmctrust.com/role/LEASESTables">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="LEASESFutureMinimumRentalRevenueunderLongTermOperatingLeasesDetails" roleURI="http://www.pmctrust.com/role/LEASESFutureMinimumRentalRevenueunderLongTermOperatingLeasesDetails">
        <link:definition>2472445 - Disclosure - LEASES - Future Minimum Rental Revenue under Long-Term Operating Leases (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="INCOMETAXES" roleURI="http://www.pmctrust.com/role/INCOMETAXES">
        <link:definition>2173115 - Disclosure - INCOME TAXES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      </link:roleType>
      <link:roleType id="INCOMETAXESTables" roleURI="http://www.pmctrust.com/role/INCOMETAXESTables">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="INCOMETAXESReconciliationofNetIncometoREITTaxableIncomeDetails" roleURI="http://www.pmctrust.com/role/INCOMETAXESReconciliationofNetIncometoREITTaxableIncomeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="INCOMETAXESComponentsofNetDeferredTaxAssetDetails" roleURI="http://www.pmctrust.com/role/INCOMETAXESComponentsofNetDeferredTaxAssetDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="SEGMENTDISCLOSURE" roleURI="http://www.pmctrust.com/role/SEGMENTDISCLOSURE">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="SEGMENTDISCLOSURETables" roleURI="http://www.pmctrust.com/role/SEGMENTDISCLOSURETables">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="SEGMENTDISCLOSURENarrativeDetails" roleURI="http://www.pmctrust.com/role/SEGMENTDISCLOSURENarrativeDetails">
        <link:definition>2480449 - Disclosure - SEGMENT DISCLOSURE - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTDISCLOSURESegmentNetOperatingIncomeLossDetails" roleURI="http://www.pmctrust.com/role/SEGMENTDISCLOSURESegmentNetOperatingIncomeLossDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="SEGMENTDISCLOSUREReconciliationofSegmentOperatingIncometoNetIncomeAttributabletoCompanyDetails" roleURI="http://www.pmctrust.com/role/SEGMENTDISCLOSUREReconciliationofSegmentOperatingIncometoNetIncomeAttributabletoCompanyDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="SEGMENTDISCLOSUREAssetsandCapitalExpendituresandLoanOriginationsDetails" roleURI="http://www.pmctrust.com/role/SEGMENTDISCLOSUREAssetsandCapitalExpendituresandLoanOriginationsDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="SUBSEQUENTEVENTS" roleURI="http://www.pmctrust.com/role/SUBSEQUENTEVENTS">
        <link:definition>2184117 - Disclosure - SUBSEQUENT EVENTS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="SUBSEQUENTEVENTSDetails" roleURI="http://www.pmctrust.com/role/SUBSEQUENTEVENTSDetails">
        <link:definition>2485453 - Disclosure - SUBSEQUENT EVENTS (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATION" roleURI="http://www.pmctrust.com/role/SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATION">
        <link:definition>2186118 - Disclosure - SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION</link:definition>
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      <link:roleType id="SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATIONDetails" roleURI="http://www.pmctrust.com/role/SCHEDULEIIIREALESTATEANDACCUMULATEDDEPRECIATIONDetails">
        <link:definition>2487454 - Disclosure - SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details)</link:definition>
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  <xs:element id="cmct_LocationTwentySevenPropertyMember" abstract="true" name="LocationTwentySevenPropertyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_FiniteLivedIntangibleLiabilitiesMajorClassNameDomain" abstract="true" name="FiniteLivedIntangibleLiabilitiesMajorClassNameDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans" abstract="false" name="DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrantsGross" abstract="false" name="ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrantsGross" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_DebtInstrumentDeferralPeriodAxis" abstract="true" name="DebtInstrumentDeferralPeriodAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="cmct_LocationTwentyfourPropertyMember" abstract="false" name="LocationTwentyfourPropertyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_SeriesACumulativePreferredStockMember" abstract="true" name="SeriesACumulativePreferredStockMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_DeferredRentReceivableAndChargesPolicyTextBlock" abstract="false" name="DeferredRentReceivableAndChargesPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="cmct_PreferredStockShareIncludedInPreferredStockUnit" abstract="false" name="PreferredStockShareIncludedInPreferredStockUnit" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="cmct_SBA7ALoansPaycheckProtectionProgramCARESActMember" abstract="true" name="SBA7ALoansPaycheckProtectionProgramCARESActMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_RelatedPartyAssetManagementFeesAndOtherFees" abstract="false" name="RelatedPartyAssetManagementFeesAndOtherFees" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_InvestmentManagementAgreementMember" abstract="true" name="InvestmentManagementAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_ClassOfWarrantOrRightIssued" abstract="false" name="ClassOfWarrantOrRightIssued" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="cmct_OtherFeesMember" abstract="true" name="OtherFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_PreferredStockTemporaryDividendRatePercentageIncreaseUponFailureToDeclareOrPayDividends" abstract="false" name="PreferredStockTemporaryDividendRatePercentageIncreaseUponFailureToDeclareOrPayDividends" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cmct_DiscontinuedOperationSecuredBorrowingsGovernmentGuaranteedLoans" abstract="false" name="DiscontinuedOperationSecuredBorrowingsGovernmentGuaranteedLoans" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_DisposalGroupIncludingDiscontinuedOperationLoansAcquisitionDiscountsUnamortized" abstract="false" name="DisposalGroupIncludingDiscontinuedOperationLoansAcquisitionDiscountsUnamortized" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_LineOfCreditFacilityMaximumFeeAmount" abstract="false" name="LineOfCreditFacilityMaximumFeeAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_CapitalExpendituresAndDisposalGroupOriginationsCost" abstract="false" name="CapitalExpendituresAndDisposalGroupOriginationsCost" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_LineofCreditFacilityExtensionOptionTerm" abstract="false" name="LineofCreditFacilityExtensionOptionTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="cmct_PreferredStockSharesRedeemed" abstract="false" name="PreferredStockSharesRedeemed" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="cmct_OutstandingLoanCommitmentsAndApprovalsToFundLoans" abstract="false" name="OutstandingLoanCommitmentsAndApprovalsToFundLoans" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_MasterServicesAgreementAmendmentQuarterlyIncentiveFeeMember" abstract="true" name="MasterServicesAgreementAmendmentQuarterlyIncentiveFeeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_MasterServicesAgreementMember" abstract="true" name="MasterServicesAgreementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_PaycheckProtectionProgramLiquidityFacilityCARESActMember" abstract="true" name="PaycheckProtectionProgramLiquidityFacilityCARESActMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_TenantImprovementsMember" abstract="true" name="TenantImprovementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_MinimumFixedChargeCoverageRatio" abstract="false" name="MinimumFixedChargeCoverageRatio" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cmct_FairValueOfInvestmentRangeFrom0To500000Member" abstract="true" name="FairValueOfInvestmentRangeFrom0To500000Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_ExpensesRelatedToCorporateSegmentSubjectToReimbursementMember" abstract="true" name="ExpensesRelatedToCorporateSegmentSubjectToReimbursementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_DistributionsToShareholdersPolicyPolicyTextBlock" abstract="false" name="DistributionsToShareholdersPolicyPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="cmct_SeriesLPreferredStockMember" abstract="true" name="SeriesLPreferredStockMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_LendingDivisionSegmentMember" abstract="true" name="LendingDivisionSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_TenantReimbursementsExcludingLeaseAgreements" abstract="false" name="TenantReimbursementsExcludingLeaseAgreements" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_StockRepurchaseProgramNumberOfShareAuthorizedToBeRepurchasedPercentageOfOutstandingShares" abstract="false" name="StockRepurchaseProgramNumberOfShareAuthorizedToBeRepurchasedPercentageOfOutstandingShares" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cmct_LineOfCreditFacilityFeePercentage" abstract="false" name="LineOfCreditFacilityFeePercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cmct_PreferredStockIssuanceSpecificOfferingCosts" abstract="false" name="PreferredStockIssuanceSpecificOfferingCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_PreferredStockWarrantIncludedInPreferredStockUnit" abstract="false" name="PreferredStockWarrantIncludedInPreferredStockUnit" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="cmct_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesLineItems" abstract="true" name="ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cmct_RelatedPartyTransactionPropertyManagementMember" abstract="true" name="RelatedPartyTransactionPropertyManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_CapitalGainFeeMember" abstract="true" name="CapitalGainFeeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_FairValueOfInvestmentRangeFrom1500000To4000000Member" abstract="true" name="FairValueOfInvestmentRangeFrom1500000To4000000Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_MortgageLoansOnRealEstateOtherBadDebtExpenseNetOfRecoveries" abstract="false" name="MortgageLoansOnRealEstateOtherBadDebtExpenseNetOfRecoveries" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_CorporateAndReconcilingItemsMember" abstract="true" name="CorporateAndReconcilingItemsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_LoansSoldForExcessSpreadMember" abstract="true" name="LoansSoldForExcessSpreadMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_ReitSubsidiariesTaxableMember" abstract="true" name="ReitSubsidiariesTaxableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_DebtInstrumentDeferralPeriodDomain" abstract="true" name="DebtInstrumentDeferralPeriodDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_FairValueOfInvestmentRangeFrom1000000To1500000Member" abstract="true" name="FairValueOfInvestmentRangeFrom1000000To1500000Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_FeesPayableAndExpenseReimbursementsMember" abstract="true" name="FeesPayableAndExpenseReimbursementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_DiscontinuedOperationDeferredTaxLiabilitiesLoansReceivable" abstract="false" name="DiscontinuedOperationDeferredTaxLiabilitiesLoansReceivable" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_TenderOfferMember" abstract="true" name="TenderOfferMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_AcquiredBelowMarketLeaseWeightedAverageAmortizationPeriod" abstract="false" name="AcquiredBelowMarketLeaseWeightedAverageAmortizationPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="cmct_ElevenYearLeaseMember" abstract="true" name="ElevenYearLeaseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_A1037NSycamoreLosAngelesCAMember" abstract="true" name="A1037NSycamoreLosAngelesCAMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_GeneralReservesMember" abstract="false" name="GeneralReservesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_PreferredStockAndWarrantsOfferingCostsIssuanceSpecificOfferingCosts" abstract="false" name="PreferredStockAndWarrantsOfferingCostsIssuanceSpecificOfferingCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_OtherMember" abstract="true" name="OtherMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_CityandCountyofSanFranciscoRealPropertyTransferTaxCaseMember" abstract="true" name="CityandCountyofSanFranciscoRealPropertyTransferTaxCaseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_RelatedPartyTransactionsCapitalized" abstract="false" name="RelatedPartyTransactionsCapitalized" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_SecScheduleIiiRealEstateAcquisitions" abstract="false" name="SecScheduleIiiRealEstateAcquisitions" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_NumberOfTypesOfCommercialRealEstateProperties" abstract="false" name="NumberOfTypesOfCommercialRealEstateProperties" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="cmct_MortgageLoansOnRealEstateAdditionsDuringPeriod" abstract="true" name="MortgageLoansOnRealEstateAdditionsDuringPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cmct_PreferredStockTemporaryDividendRatePercentageIncreaseUponFailureToDeclareOrPayDividendsMaximum" abstract="false" name="PreferredStockTemporaryDividendRatePercentageIncreaseUponFailureToDeclareOrPayDividendsMaximum" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cmct_AssetsHeldForSaleAndDiscontinuedOperationsPolicyTextBlock" abstract="false" name="AssetsHeldForSaleAndDiscontinuedOperationsPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="cmct_DeferredTaxAssetsValuationAllowanceContinuingAndDiscontinuedOperations" abstract="false" name="DeferredTaxAssetsValuationAllowanceContinuingAndDiscontinuedOperations" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_SeriesAPreferredWarrantsMember" abstract="true" name="SeriesAPreferredWarrantsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_RightsOfferingMember" abstract="true" name="RightsOfferingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_AboveMarketLeasesAcquiredMember" abstract="true" name="AboveMarketLeasesAcquiredMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_MasterServicesAgreementAmendmentAnnualIncentiveFeeMember" abstract="true" name="MasterServicesAgreementAmendmentAnnualIncentiveFeeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_LocationSixteenPropertyMember" abstract="false" name="LocationSixteenPropertyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAssetsHeldForSale" abstract="false" name="SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAssetsHeldForSale" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_SecScheduleIiiRealEstateAndAccumulatedDepreciationNetCostsCapitalizedSubsequentToAcquisitionOrWriteoffsBuildingsAndImprovements" abstract="false" name="SecScheduleIiiRealEstateAndAccumulatedDepreciationNetCostsCapitalizedSubsequentToAcquisitionOrWriteoffsBuildingsAndImprovements" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_AssetAcquisitionsAcquisitionRelatedTransactionCosts" abstract="false" name="AssetAcquisitionsAcquisitionRelatedTransactionCosts" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_PreferredStockSharesIssuedAxis" abstract="true" name="PreferredStockSharesIssuedAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="cmct_UnsecuredRevolvingCreditFacilityDueMay2022Member" abstract="true" name="UnsecuredRevolvingCreditFacilityDueMay2022Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_RelatedPartyTransactionReimbursementOfOnSitePersonnelMember" abstract="true" name="RelatedPartyTransactionReimbursementOfOnSitePersonnelMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_MultiplierUsedforCalculationofPaymenttobeMadeinEventofDeath" abstract="false" name="MultiplierUsedforCalculationofPaymenttobeMadeinEventofDeath" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="cmct_FairValueOfInvestmentRangeDomain" abstract="true" name="FairValueOfInvestmentRangeDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_SBA7ALoansHeldForSaleMember" abstract="true" name="SBA7ALoansHeldForSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_RealEstateCostsDeductionsAbstractAbstract" abstract="true" name="RealEstateCostsDeductionsAbstractAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cmct_FFOMember" abstract="true" name="FFOMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_A1021East7thStreetAustinTexasOfficePropertyMember" abstract="true" name="A1021East7thStreetAustinTexasOfficePropertyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_PaymentofOtherDeferredCosts" abstract="false" name="PaymentofOtherDeferredCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife" abstract="false" name="AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="cmct_LoanBackedNotesMember" abstract="true" name="LoanBackedNotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_RelatedPartyAssetManagementMember" abstract="true" name="RelatedPartyAssetManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_NumberOfPropertiesSold" abstract="false" name="NumberOfPropertiesSold" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="cmct_IncentiveToLesseeAccumulatedAmortization" abstract="false" name="IncentiveToLesseeAccumulatedAmortization" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_FairValueOfInvestmentRangeAxis" abstract="true" name="FairValueOfInvestmentRangeAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="cmct_PreferredStockSharesIssuedOneMember" abstract="true" name="PreferredStockSharesIssuedOneMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_CIMServiceProviderLLCMember" abstract="true" name="CIMServiceProviderLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_StockOfferingCostsNotYetPaid" abstract="false" name="StockOfferingCostsNotYetPaid" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_CIMGroupMember" abstract="true" name="CIMGroupMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_AssetAcquisitionPercentageOfInterestAcquired" abstract="false" name="AssetAcquisitionPercentageOfInterestAcquired" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cmct_BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedBelowMarketLease" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedBelowMarketLease" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_AccretionOfLoanFeesAndDiscounts" abstract="false" name="AccretionOfLoanFeesAndDiscounts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_LineOfCreditFacilityNumberOfExtensions" abstract="false" name="LineOfCreditFacilityNumberOfExtensions" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="cmct_AmortizationAndAccretionOnLoansReceivableNet" abstract="false" name="AmortizationAndAccretionOnLoansReceivableNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_CapitalExpenditures" abstract="false" name="CapitalExpenditures" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_FinancingReceivablePercentCurrent" abstract="false" name="FinancingReceivablePercentCurrent" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="cmct_LocationSevenPropertyMember" abstract="false" name="LocationSevenPropertyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_ScheduleOfRelatedPartyTransactionsManagementFeeCalculationTableTextBlock" abstract="false" name="ScheduleOfRelatedPartyTransactionsManagementFeeCalculationTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="cmct_PreferredStockRedemptionPriceConsecutiveTradingDaysofWeightedAverageCommonStockPrice" abstract="false" name="PreferredStockRedemptionPriceConsecutiveTradingDaysofWeightedAverageCommonStockPrice" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="cmct_HospitalityIndustryMember" abstract="true" name="HospitalityIndustryMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_AuditInformationAbstract" abstract="true" name="AuditInformationAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cmct_LandAndBuildingLosAngelesCaliforniaMember" abstract="true" name="LandAndBuildingLosAngelesCaliforniaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_MasterServicesAgreementAmendmentQuarterlyIncentiveFeeThresholdForEligibilityAnnualizedMember" abstract="true" name="MasterServicesAgreementAmendmentQuarterlyIncentiveFeeThresholdForEligibilityAnnualizedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_SBA7ALoansMember" abstract="true" name="SBA7ALoansMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_DeferredTaxAssetsOtherContinuingAndDiscontinuedOperations" abstract="false" name="DeferredTaxAssetsOtherContinuingAndDiscontinuedOperations" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_ScheduleOfAssetAcquisitionByAcquisitionTableTextBlock" abstract="false" name="ScheduleOfAssetAcquisitionByAcquisitionTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="cmct_LocationTwentyonePropertyMember" abstract="false" name="LocationTwentyonePropertyMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_DeferredTaxAssetsNetContinuingAndDiscontinuedOperations" abstract="false" name="DeferredTaxAssetsNetContinuingAndDiscontinuedOperations" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_SecScheduleIiiRealEstateAccumulatedDepreciationRetirements" abstract="false" name="SecScheduleIiiRealEstateAccumulatedDepreciationRetirements" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_MortgageLoans284000Member" abstract="true" name="MortgageLoans284000Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAbstract" abstract="true" name="BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cmct_NotesPayableOtherPayablesDeferredLoanCostsMember" abstract="true" name="NotesPayableOtherPayablesDeferredLoanCostsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_PreferredStockSharesIssuedDomain" abstract="true" name="PreferredStockSharesIssuedDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_MortgageLoansOnRealEstateDeductionsDuringPeriod" abstract="true" name="MortgageLoansOnRealEstateDeductionsDuringPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cmct_FinancingReceivablesDeferredCapitalizedCostsNet" abstract="false" name="FinancingReceivablesDeferredCapitalizedCostsNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_RedeemablePreferredStockFeesIncurredButNotYetPaid" abstract="false" name="RedeemablePreferredStockFeesIncurredButNotYetPaid" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_RelatedPartyTransactionAverageFairValueOfInvestments" abstract="false" name="RelatedPartyTransactionAverageFairValueOfInvestments" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_DebtInstrumentDuringDeferralPeriodMember" abstract="true" name="DebtInstrumentDuringDeferralPeriodMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_ExpenseReimbursementsMember" abstract="true" name="ExpenseReimbursementsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_SecondAmendedAndRestatedDealerManagerAgreementUpfrontDealerManagerFeeMember" abstract="true" name="SecondAmendedAndRestatedDealerManagerAgreementUpfrontDealerManagerFeeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_PropertyInLosAngelesCaliforniaMember" abstract="true" name="PropertyInLosAngelesCaliforniaMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_MultiplierUsedforCalculationofPaymenttobeMadeinEventofDisability" abstract="false" name="MultiplierUsedforCalculationofPaymenttobeMadeinEventofDisability" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="cmct_DeferredTaxAssetsGrossContinuingAndDiscontinuedOperations" abstract="false" name="DeferredTaxAssetsGrossContinuingAndDiscontinuedOperations" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_RelatedPartyTransactionDevelopmentManagementMember" abstract="true" name="RelatedPartyTransactionDevelopmentManagementMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_CIMCapitalLLCMember" abstract="true" name="CIMCapitalLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_LoanAndLeasesReceivableNonaccrualLoanAndLeaseStatusPastDuePeriod" abstract="false" name="LoanAndLeasesReceivableNonaccrualLoanAndLeaseStatusPastDuePeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="cmct_DeferredTaxAssetsNetOfValuationAllowanceContinuingAndDiscontinuedOperations" abstract="false" name="DeferredTaxAssetsNetOfValuationAllowanceContinuingAndDiscontinuedOperations" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_LossContingencyEstimatedRecoveryFromThirdPartyAmount" abstract="false" name="LossContingencyEstimatedRecoveryFromThirdPartyAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="cmct_MortgageLoansOnRealEstateFaceLoanAmountDomain" abstract="true" name="MortgageLoansOnRealEstateFaceLoanAmountDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_SBA7ALoansSubjectToLoanBackedNotesMember" abstract="true" name="SBA7ALoansSubjectToLoanBackedNotesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="cmct_FiniteLivedIntangibleLiabilitiesAbstract" abstract="true" name="FiniteLivedIntangibleLiabilitiesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="cmct_LoansSoldForPremiumAndExcessSpreadMember" abstract="true" name="LoansSoldForPremiumAndExcessSpreadMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
</xs:schema>
