XML 54 R37.htm IDEA: XBRL DOCUMENT
v3.24.1

OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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 December 31, 2023 and 2022, is as follows:
| As of December 31,
| 2023 |  | 2022
| (in thousands)
Intangible assets: |  |  |
Acquired in-place leases, net of accumulated amortization of $4,821 and $7,795, respectively, with an average useful life of 6 and 8 years, respectively | $ | 984 |  |  | $ | 1,488 |
Acquired above-market leases, net of accumulated amortization of $30 and $39, respectively, both with an average useful life of 7 years | 7 |  |  | 16 |
Trade name and license | 2,957 |  |  | 2,957 |
Total intangible assets, net | $ | 3,948 |  |  | $ | 4,461 |
Intangible lease liabilities: |  |  |
Acquired below-market leases, net of accumulated amortization of $0 and $22, respectively, with an average useful life of 0 and 1 years, respectively | $ | — |  |  | $ | 20 |
Schedule of Amortization of Acquired Leases | During the years ended December 31, 2023 and 2022, the Company recognized amortization related to its intangible assets and liabilities as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  |
| (in thousands)
Acquired above-market lease amortization | $ | 80 |  |  | $ | 12 |  |  |
Acquired in-place lease amortization | $ | 27,714 |  |  | $ | 846 |  |  |
Acquired below-market lease amortization | $ | 243 |  |  | $ | 254 |  |  |
Schedule of Future Amortization and Accretion of Acquisition Related Intangible Assets and Liabilities | A schedule of future amortization and accretion of acquired intangible assets and liabilities as of December 31, 2023, is as follows:
|  | Assets |  |  |  |  |  |
|  | Acquired |  | Acquired |  |  |  |  |  |
|  | Above-Market |  | In-Place |  |  |  |  |  |
Years Ending December 31, |  | Leases |  | Leases |  |  |  |  |  |
|  | (in thousands)
2024 |  | $ | 6 |  |  | $ | 373 |  |  |  |  |  |  |
2025 |  | 1 |  |  | 171 |  |  |  |  |  |  |
2026 |  | — |  |  | 123 |  |  |  |  |  |  |
2027 |  | — |  |  | 123 |  |  |  |  |  |  |
2028 |  | — |  |  | 122 |  |  |  |  |  |  |
Thereafter |  | — |  |  | 72 |  |  |  |  |  |  |
|  | $ | 7 |  |  | $ | 984 |  |  |  |  |  |  |

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: | dtr-types1: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: | dtr-types1: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 -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration