XML 44 R61.htm IDEA: XBRL DOCUMENT v2.4.1.9
DEBT (Detail 2) (USD $)
12 Months Ended 1 Months Ended
Dec. 31, 2014
Aug. 31, 2013
Feb. 29, 2012
Sep. 30, 2014
item
Dec. 31, 2013
Apr. 30, 2014
Debt            
Pay-off of unsecured revolving line and term note $ 393,400,000us-gaap_RepaymentsOfShortTermDebt          
Accrued interest and unused commitment fee payable 967,000cmct_LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable       1,017,000cmct_LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable  
Principal payments on, and estimated amortization of debt            
2015 77,055,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths          
2016 364,354,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo          
2017 4,642,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree          
2018 24,300,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour          
2019 1,519,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive          
Thereafter 137,047,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive          
Total Debt 608,917,000us-gaap_DebtInstrumentCarryingAmount          
Unsecured revolving line of credit entered into February 2012 | CIM Urban Partners, L.P            
Debt            
Maximum borrowing capacity     100,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
     
Amount available for future borrowings         0us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
 
Amount outstanding under the facility         100,000,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
 
Unused commitment fee dependent upon amount of aggregate unused commitments, one (as a percent)   0.25%cmct_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageOneDependentUponAmountOfAggregateUnusedCommitments
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
       
Unused commitment fee dependent upon amount of aggregate unused commitments, two (as a percent)   0.35%cmct_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageTwoDependentUponAmountOfAggregateUnusedCommitments
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
       
Unsecured revolving line of credit entered into February 2012 | Base rate | CIM Urban Partners, L.P | Minimum            
Debt            
Interest rate margin (as a percent)   0.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
0.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
     
Unsecured revolving line of credit entered into February 2012 | Base rate | CIM Urban Partners, L.P | Maximum            
Debt            
Interest rate margin (as a percent)   0.85%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
     
Unsecured revolving line of credit entered into February 2012 | LIBOR | CIM Urban Partners, L.P | Minimum            
Debt            
Interest rate margin (as a percent)   1.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
1.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Unsecured revolving line of credit entered into February 2012 | LIBOR | CIM Urban Partners, L.P | Maximum            
Debt            
Interest rate margin (as a percent)   1.85%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
2.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoFebruary2012Member
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Unsecured revolving line of credit entered into August 2013 | CIM Urban Partners, L.P            
Debt            
Maximum borrowing capacity   125,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
       
Amount available for future borrowings         61,000,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
 
Amount outstanding under the facility         64,000,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
 
Unused commitment fee dependent upon amount of aggregate unused commitments, one (as a percent)   0.25%cmct_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageOneDependentUponAmountOfAggregateUnusedCommitments
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
       
Unused commitment fee dependent upon amount of aggregate unused commitments, two (as a percent)   0.35%cmct_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageTwoDependentUponAmountOfAggregateUnusedCommitments
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
       
Maximum borrowing capacity contingent upon certain conditions   150,000,000cmct_LineOfCreditFacilityMaximumBorrowingCapacityContingentUponCertainConditions
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
       
Unsecured revolving line of credit entered into August 2013 | CIM Urban Partners, L.P | Subsequent event            
Debt            
Maximum borrowing capacity           200,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
Unsecured revolving line of credit entered into August 2013 | Base rate | CIM Urban Partners, L.P | Minimum            
Debt            
Interest rate margin (as a percent)   0.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
       
Unsecured revolving line of credit entered into August 2013 | Base rate | CIM Urban Partners, L.P | Maximum            
Debt            
Interest rate margin (as a percent)   0.85%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
       
Unsecured revolving line of credit entered into August 2013 | LIBOR | CIM Urban Partners, L.P | Minimum            
Debt            
Interest rate margin (as a percent)   1.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
       
Unsecured revolving line of credit entered into August 2013 | LIBOR | CIM Urban Partners, L.P | Maximum            
Debt            
Interest rate margin (as a percent)   1.85%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ dei_LegalEntityAxis
= cmct_CIMUrbanPartnersLPMember
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredRevolvingCreditFacilityEnteredIntoAugust2013Member
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
       
Mortgages Payable            
Principal payments on, and estimated amortization of debt            
2015 77,055,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
         
2016 4,354,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
         
2017 4,642,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
         
2018 24,300,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
         
2019 1,519,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
         
Thereafter 109,977,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
         
Total Debt 221,847,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
      228,319,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Other debt            
Principal payments on, and estimated amortization of debt            
2016 360,000,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableOtherPayablesMember
         
Thereafter 27,070,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableOtherPayablesMember
         
Total Debt 387,070,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableOtherPayablesMember
      164,000,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableOtherPayablesMember
 
Unsecured credit facility entered into in September 2014            
Debt            
Maximum borrowing capacity       850,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014Member
   
Amount available for future borrowings 490,000,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014Member
         
Amount outstanding under the facility 360,000,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014Member
         
Period of extension option       1 year    
Upsized borrowing capacity       1,150,000,000cmct_LineOfCreditFacilityContingentIncreaseToMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014Member
   
Number of extension       2cmct_NumberOfExtension
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014Member
   
Unsecured credit facility entered into in September 2014, revolver            
Debt            
Maximum borrowing capacity       450,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014RevolverMember
   
Unused commitment fee dependent upon amount of aggregate unused commitments, one (as a percent)       0.15%cmct_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageOneDependentUponAmountOfAggregateUnusedCommitments
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014RevolverMember
   
Unused commitment fee dependent upon amount of aggregate unused commitments, two (as a percent)       0.25%cmct_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageTwoDependentUponAmountOfAggregateUnusedCommitments
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014RevolverMember
   
Principal payments on, and estimated amortization of debt            
Unused line fee (as a percent)       0.25%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014RevolverMember
   
Unsecured credit facility entered into in September 2014, revolver | Base rate | Minimum            
Debt            
Interest rate margin (as a percent)       0.20%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014RevolverMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
   
Unsecured credit facility entered into in September 2014, revolver | Base rate | Maximum            
Debt            
Interest rate margin (as a percent)       1.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014RevolverMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
   
Unsecured credit facility entered into in September 2014, revolver | LIBOR | Minimum            
Debt            
Interest rate margin (as a percent)       1.20%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014RevolverMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
   
Unsecured credit facility entered into in September 2014, revolver | LIBOR | Maximum            
Debt            
Interest rate margin (as a percent)       2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014RevolverMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
   
Unsecured credit facility entered into in September 2014, term loan            
Debt            
Maximum borrowing capacity       325,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014TermLoanMember
   
Unsecured credit facility entered into in September 2014, term loan | Base rate | Minimum            
Debt            
Interest rate margin (as a percent)       0.15%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014TermLoanMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
   
Unsecured credit facility entered into in September 2014, term loan | Base rate | Maximum            
Debt            
Interest rate margin (as a percent)       0.95%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014TermLoanMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
   
Unsecured credit facility entered into in September 2014, term loan | LIBOR | Minimum            
Debt            
Interest rate margin (as a percent)       1.15%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014TermLoanMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
   
Unsecured credit facility entered into in September 2014, term loan | LIBOR | Maximum            
Debt            
Interest rate margin (as a percent)       1.95%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014TermLoanMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
   
Unsecured credit facility entered into in September 2014, delayed-draw term loan            
Debt            
Maximum borrowing capacity       75,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= cmct_UnsecuredCreditFacilitySeptember2014DelayedDrawTermLoanMember
   
Unsecured credit facilities            
Debt            
Pay-off of unsecured revolving line and term note       323,000,000us-gaap_RepaymentsOfShortTermDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember
   
Principal payments on, and estimated amortization of debt            
Total Debt $ 360,000,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember
      $ 164,000,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember