On October 13, 2026, WM Technology, Inc. announced via an 8-K filing that its subsidiary terminated a lease in Los Angeles effective October 7, 2026, and subsequently entered into a new office lease in Austin, Texas, on October 9, 2026.
Key Highlights
Early lease termination: Ghost Management Group, LLC ended its lease of approximately 113,692 rentable square feet at 767 S. Alameda Street, Los Angeles, California, originally set to expire in February 2031.
Termination fee agreed: The subsidiary will pay Alameda Square Owner LLC $32.4 million in 53 monthly installments starting October 2026.
Termination condition met: The landlord confirmed on October 7, 2026, that a third-party tenant signed a lease for the premises, fulfilling the condition required for the termination to take effect.
New Austin lease secured: The subsidiary entered into a lease for approximately 26,223 rentable square feet at 924 E. 7th Street, Austin, Texas 78702, with an estimated aggregate base rent of about $14.3 million.
Austin lease duration: The lease is expected to begin no earlier than February 1, 2027, and will last for 114 full calendar months from the commencement date.
Tenant improvement allowance: The Austin landlord will provide up to approximately $1.7 million in tenant improvement allowances, with an initial security deposit or letter of credit of about $0.8 million due within ten days of lease execution.
WM Technology Subsidiary Adjusts Real Estate Portfolio in October 2026
Per the filing, Ghost Management Group, LLC, a subsidiary of WM Technology, Inc.
(OTCQX:MAPS)
, entered into a lease termination agreement on October 6, 2026, with Alameda Square Owner LLC to exit a lease dated June 7, 2019, covering roughly 113,692 rentable square feet at 767 S. Alameda Street, Los Angeles. The lease was originally set to expire in February 2031. In exchange, the subsidiary agreed to pay a $32.4 million termination fee, payable over 53 monthly installments starting October 2026.
The termination was contingent upon the landlord securing a new lease with a third-party tenant for the same premises by October 7, 2026. The landlord confirmed this condition was met on October 7, 2026, making the lease termination effective immediately. Full terms of the termination agreement are detailed in Exhibit 10.1 filed with the 8-K.
Separately, on October 9, 2026, the subsidiary signed a lease with 7th and SM LP for approximately 26,223 rentable square feet at 924 E. 7th Street, Austin, Texas. The filing states estimated aggregate base rent payments of approximately $14.3 million over 114 full calendar months, with the lease term commencing no earlier than February 1, 2027, or upon possession delivery by the landlord. The subsidiary will also cover its proportionate share of operating expenses, taxes, and insurance. The Austin lease is expected to be included as an exhibit in the company’s Annual Report on Form 10-K for the year ending December 31, 2026.
Summary of Disclosure
WM Technology’s subsidiary terminated a 113,692-square-foot Los Angeles lease early by paying a $32.4 million fee over 53 months and simultaneously signed a new lease for approximately 26,223 square feet of office space in Austin, Texas, with estimated base rent totaling $14.3 million over 114 months.