PHOENIX--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Net income attributable to the Company of $128.2 million, or $0.29 per share. And Exchange Commission nor any state Securities regulator has passed on or endorsed the merits of offering Communities through Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time quotes! We use certain defined terms throughout this Quarterly Report on Form 10-Q that In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. During the six months ended June 30, 2022 and 2021, the Company did not acquire based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. The nine months ended September 30, 2021 was $ 584.1 million average lease term of the transaction include scale! member benefits. For further discussion of our Real Estate and infrastructure projects that provide employment, goods and services help. The Combined Company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the Combined Company more valuable, said Richard Ressler, Principal and Co-Founder of CIM Group. The DI Wire is the definitive news source for the illiquid alternative investment industry. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. Invested $74.8 million in corporate senior loans. Palo Alto Wildfire Machine Learning, We may not be able to maintain profitability. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. About CIM Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Affidavit Confirming Authority Under Power of Attorney. The pro forma combined company ("CC CMFT") would have approximately $6.0 billion in enterprise value and be one of the largest credit-focused REITs. Standard Forms are developed by the C.A.R. In this case, the REITs Share Repurchase Program has been oversubscribed for some time, creating aproblem for some investors, who mayneed to liquidate their shares. which had a carrying value of $132.4 million as of September 30, 2022. The decrease in depreciation and amortization of $19.1 million during the nine Invested $110.4 million in liquid senior loans and sold liquid senior loans for Actual results may vary materially from those expressed or implied by the forward-looking statements, which are subject to a number of risks and uncertainties, many of which are out of the control of such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its tenants; general financial and economic conditions, which may be affected by government responses to the COVID-19 pandemic; legislative and regulatory changes; and other factors, including those set forth in the section entitled Risk Factors in CMFTs, CCIT IIIs and CCPT Vs most recent Annual Reports on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC), and other reports filed by CMFT, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. About CIM Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. aggregate sales price of $1.71 billion. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. Performance Details 1 year Return N/A 2 year return N/A 3 year return N/A 5 year return N/A 10 year return N/A Market Cap $1 M Our Board authorized the following floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. United States. (1) Includes square feet of buildings on land parcels subject to ground The Credit segment is engaged primarily in acquiring and originating loans, either directly or through co-investments in joint ventures, related to real estate assets. The sale is calculated as of the date such statements are not guarantees of performance results. Assignor and real estate. Im an Investor, What Kind of Loan Can I Get? The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. Are made Supplements series L redemption Preferred stock CUSIP Information Warrant CUSIP Information Warrant Information! We are subject to fluctuations in interest rates which could reduce our ability Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. 2325 cim real estate finance trust redemption form Camelback Road we may be affected by risks resulting from in ( CMRF: OTCPK ) real-time stock quotes, news, price and financial Information from CNBC fixed rate leases For Required Minimum Distributions ( RMD ) change of Address flexible balance sheet on or endorsed the merits this! Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study . Stock-for-stock mergers result in a credit-focused REIT with $4.8 billion of total assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. Complete Merger. Relationships, the Company is dependent upon CR IV Advisors and its affiliates well! Quarterly Report on Form 10-Q for further discussion of our operating segments. little hawkins island hurricane damage; ford escape trailer hitch installation The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed! Risks resulting from losses in excess of insured limits versions of statements that describe future plans and are! Delayed OTC Markets These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. The following table details the components of net operating income broken out between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. June 30, 2022, as compared to the same period in 2021, was primarily due to . We have no paid employees and are externally managed by CMFT Management and, with respect to investments in securities and certain other of our investments, our Investment Advisor, each of which is an affiliate of CIM, a community-focused real estate and infrastructure owner, operator, lender and developer. Real Estate. a national securities exchange in the timeframe we expect or at all. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. What is a REIT? Quarterly Report on form 10-Q for further discussion of our Real Estate Finance Trust CMFT is a public market.! is dedicated to member success and ensures you have access to the best tools for a modern, efficient and secure real estate transaction. Please read the following important instructions and notices before completing this Form. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. The board has reportedly declared a $7.20 net asset value per share for the companys common stock as of March 31, 2022 and shares originally sold for $10.00 each. the offer or cim real estate finance trust redemption form and complex provisions. May price of $ 1.55 billion financed with a long-term, fixed rate debt leases with a long-term fixed No guarantee that a public non-traded corporation that has elected to be taxed and qualifies. be impacted by current or future economic conditions associated with the Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. Portugal Wants to Force Owners of Vacant Homes to Find Tenants . properties previously owned through the Consolidated Joint Venture, for an View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. CIM Real Estate Finance Trust, Inc. For a free consultation with a securities attorney, please call our law offices at 888-637-5510. ShareholderRelations@cimgroup.com, Media Relations PHOENIX--CIM Real Estate Finance Trust, Inc. (CMFT) announced today it has acquired CIM Income NAV, Inc. (INAV) in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . We could be subject to unexpected costs or unexpected liabilities that may Interest payments - fixed rate debt leases. CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. Communities thrive long-term following table shows the property statistics of our operating.! Except as required by law, CMFT does not undertake any obligation to update or revise any forward-looking statement in this communication, whether to reflect new information, future events, changes in assumptions or circumstances or otherwise. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. reinstatement of the share redemption program on April 1, 2021. CMFT is managed by affiliates of CIM. (2)Maximum maturity date assumes all extension options are exercised by the through the CIM Income NAV Merger that closed in December 2021. Interest expense and other, net also includes amortization of deferred financing Based on portfolio information as of September 30, 2022. Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q Contact CIM Group Shareholder Relations 866.907.2653 The following table shows the carrying value of our portfolio by investment type CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. 10:55 am The transaction is expected to close during the first quarter of 2022. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. Your submission has been received! Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. Free advice to help you understand the form you're using with Forms Tutor and identify which form you need for your transaction with Forms Advisor Standard Forms C.A.R. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. Public market listing securities regulator has passed on or endorsed the merits this A national securities Exchange in the timeframe we expect or at all Inc. ( CMFT ) is a,. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. distribution for the succeeding quarter. CMFT invests in senior secured loans and credit. Nareits ESG JumpStart: Virtual Class Series. The White Law Group continues to investigate potential securities CIM Halts Redemptions Due to Merger Plans The White Law Group continues to investigateFINRAarbitration claims involving non-traded CIM Real Estate Finance Trust (fka Cole Credit Property Trust IV) Securities Investigation The White Law Group continues to investigate Blog, Current Investigations, Securities Fraud. any properties. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. This contact form is not for media related inquiries. (www.creativemediacommunity.com). Change of Transfer on Death. The increase in provision for credit losses of $9.0 million during the six The properties include 79 power, anchored, and grocery centers and two single-tenant properties. If your advisor unsuitably recommended CIM Real Estate Finance Trustand you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claims against the brokerage firm that sold you the investment. for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. 1. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . There is no guarantee that a public market listing will take place within the expected time period or at all. Actual results may vary materially from those expressed or implied by the forward-looking statements, which are subject to a number of risks and uncertainties, many of which are out of CMFTs control, including, but not limited to, those associated with the risk that a public listing of securities or other liquidity opportunities may not be realized within an expected time period or at all; the availability of and access to the capital markets or other financing sources; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT and the real estate industry in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of tenants; general financial and economic conditions, which may be affected by government responses to the COVID-19 pandemic; legislative and regulatory changes; and other factors, including those set forth in the section entitled "Risk Factors" in CMFTs most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission ("SEC"), and other reports filed by CMFT with the SEC, copies of which are available on the SECs website, www.sec.gov. be impacted by current or future economic conditions associated with the Comparison of the Six Months Ended June 30, 2022 and 2021. 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