As a non-profit theatre, the company was exhausting funds trying to pay the rent, which has nearly doubled in the last 15 years. The property was sold this year by its owner.

David Fofi, a company founder and the artistic director, told the L.A. Times, "Emotionally, it was hard on a lot of people. I personally have experienced anger and depression."

The Elephant Theatre Co. was founded in 1995 in a downtown loft space and moved to its recent home during the 1998-99 season.

Notable productions include The Little Flower of East Orange, In Arabia We'd All Be Kings, 7 Redneck Cheerleaders and The Twilight of Schlomo. The company's most recent production was Lyle Kessler's The Great Divide.

Former artistic co-director Lindsay Allbaugh is currently in conversation with company members about several possibilities for the future of the company. The members will ultimately decide if the nonprofit will continue and in what form.

Fofi said, "I personally am taking a break. I've left L.A. for the time being – I'm doing an exploratory journey."

The Elephant Theatre Co. is one of many theatre companies that have been casualties to the exodus on Hollywood's Theatre Row. Other companies include Open Fist, the Celebration Theatre and Schkapf.