Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Form 10-Q contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 (the "Exchange Act"), which are intended to be covered by
the safe harbors created thereby. Such forward-looking statements can be
identified by the use of forward-looking terminology such as "may," "will,"
"project," "target," "expect," "intend," "might," "believe," "anticipate,"
"estimate," "could," "would," "continue," "pursue," "potential," "forecast,"
"seek," "plan," or "should" or "goal" or the negative thereof or other
variations or similar words or phrases. Such forward-looking statements include,
among others, statements about CMCT's plans and objectives relating to future
growth and outlook, and the trading liquidity of CMCT's Common Stock. Such
forward-looking statements are based on particular...