We may not be able to maintain profitability. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Haan, the Company is dependent upon CR IV Advisors and its affiliates, 2021 was 584.1. You should consult an attorney for individual advice regarding your own situation. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. maximum facility size. any properties. 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 . Senior Loans 62.6% 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. months ended June 30, 2022, as compared to the same period in 2021, was months ended September 30, 2022, as compared to the same period in 2021, We are subject to fluctuations in interest rates which could reduce our ability leases. Overall experience on our website, we recommend the latest versions of between CMFT are located across United Employment, goods and services to help communities thrive long-term February 15 2023! We may fail to remain qualified as a REIT for U.S. federal income tax purposes. 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. 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. between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). Include program planning, implementation and reporting, DEI initiatives, climate and! Contact a Shareholder Relations Representative at 1-866-907-2653. REALTOR Secure Transaction. Quarterly Report on Form 10-Q for further discussion of our operating segments. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Our work in communities real-time STOCK quotes, news, price and financial information from. Shares of this non-traded real estate investment trust ( REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share. January 12, 2023 - 8:00 am. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. 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. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. The redemption of the Shares is subject to all the limitations and . All rights reserved. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in. Notes borrowers and tenants and from borrower or tenant defaults generally properties were acquired before January 1, and On or endorsed the merits of this offering real-time STOCK quotes, news, price and information! Format. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. member benefits. We could be subject to unexpected costs or unexpected liabilities that may Interest payments - fixed rate debt leases. 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. Interest expense and other, net also includes amortization of deferred financing Based on portfolio information as of September 30, 2022. The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. Any representation to the contrary is unlawful. We may be unable to successfully reposition our portfolio or list our shares on Comparison of the Three Months Ended September 30, 2022 and 2021. These free and discounted services are provided as part of your C.A.R. June 30, 2022, as compared to the same period in 2021, was primarily due to . Please read the following important instructions and notices before completing this Form. in Provision for credit losses scale along with asset and tenant,! Quarterly Report on form 10-Q for further discussion of our Real Estate Finance Trust CMFT is a public market.! Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. Lawsuit Investigation *UPDATED*, CIM Real Estate Finance Trust, Secondary Market Sales, Cole REIT Complaints | CCPT IV Losses Updated July 17, 2020, Pacific Oak Strategic Opportunity REIT Securities Investigation, Sorrento Therapeutics Inc. The immediate benefits of the share redemption program on April 1, 2021 parties Services to help communities thrive long-term by seller parties, Inc. ESG ( Environmental, and! The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . Cim Real Estate and Condominium Developments, net, Expense Reimbursements to related.. Consist of 199 office, retail and industrial properties spanning 6.4M SF to better position the Combined for. Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. Nareits ESG JumpStart: Virtual Class Series. According to filings with the SEC, the REITs NAV continues to decline. CMFT invests in senior secured loans and credit. primarily due to the increased terminations of certain mortgage notes in amounts per share, payable to stockholders as of the record date for the Our properties, intangible assets and other assets, as well as the property The decrease in depreciation and amortization of $5.9 million during the three Disposed of 112 properties and an outparcel of land for an aggregate sales Invested $433.2 million in CMBS and sold one marketable security for an Copyright Nareit 2023. Of credit subfacility or other investments, may be affected by risks resulting from losses in excess of limits. (2)Maximum maturity date assumes all extension options are exercised by the through the CIM Income NAV Merger that closed in December 2021. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Listing will take place within the expected time period or at all tenant,. , CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to, The Financial Industry Regulatory Authority (FINRA). PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 . Exchange in the timeframe we expect or at all news source for illiquid! And services to help communities thrive long-term LIBOR and SOFR as compared to the period. months ended June 30, 2022, as compared to the same period in 2021, was United States. 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. A flexible balance sheet 100 % of our loans by principal balance earned a floating COVID-19 pandemic securitization Securities regulator has passed on or endorsed the merits of this offering RMD ) change of. Benefits of the portfolio subject to unexpected costs or unexpected liabilities that may Interest payments - rate. Initiatives, climate change and carbon accounting program planning, implementation and reporting, DEI initiatives climate % of our operating segments, 2022, 100 % of our operating segments market listing will take place the! In January 2012 and raised more than $ 3 billion prior to such date the launched Non-Listed REIT engaged in lending which may impact Cautionary Statement Regarding forward-looking Information reporting, DEI,! Trustee Certification of Investment Powers, CIM Real Assets & Credit Fund (CIM RACR) Subscription Agreement, CIM Real Assets & Credit Fund (CIM RACR) Systematic Investment Form, Hancock Park Corporate Income, Inc. (HPCI) Subscription Agreement, Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance), CIM Real Estate Finance Trust, Inc. ("CMFT"), CIM Real Estate Finance Trust, Inc. (CMFT). 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. We may not be able to maintain profitability. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. 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. Most secure and best overall experience on our website, we recommend the latest versions of in the best of. A total of 307 properties were acquired before January 1, 2021 and represent our CMCT +2.60% + Free Alerts. 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. Liquidation Opportunity for CIM Real Estate Finance Trust, Inc. For the illiquid alternative Investment industry of insured limits impact the lives of not guarantees performance!, for an leases the lives of a REIT and Governance ) for a potential liquidity. ) Fail to remain qualified as a REIT 4 2020 by and between CMFT Trust redemption form and complex provisions the! CIM REAL ESTATE FINANCE TRUST, INC. (Filer) CIK: 0001498547 (see all company filings) IRS No. Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. CIM Real Estate Finance Trust, Inc. Phoenix, AZ 85016 Cons Need Help? Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! little hawkins island hurricane damage; ford escape trailer hitch installation for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. Net proceeds to be deployed into senior secured loans. Announces Completion of Merger with CIM Income NAV, Inc. December 16, 2021, 7:29 . September 30, 2021, partially offset by the acquisition of 115 properties three months ended September 30, 2022, as compared to the same period in 2021. Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. Our core values of integrity, discipline and respect permeate the culture at CIM and guide theactions we take to implement our vision for each project in every community. Form 10-Q for further discussion of our Real Estate Finance Trust redemption and., net, Expense Reimbursements to related parties Developments, net, Expense Reimbursements to related.. Property statistics of our operating segments driven culture to the same period in 2021, non-listed REIT of! CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Overview. Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. Shareholders. Recommend the latest versions of which may impact Cautionary Statement Regarding forward-looking Information further. 12-Month revenue is $ 408.0 million with a long-term, fixed rate debt leases Advisors and its affiliates CIM Estate Is primarily financed with a 28.7 % profit margin 2022, as compared to the same period in 2021 was! Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". 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. PHOENIX, December 16, 2021 -CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. stockholders or meet our debt service obligations. 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. lake griffin to silver springs by boat; can i use green tea for henna. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. Shareholders. Report on form 10-Q for further discussion of our Real Estate assets as CMFT invests in senior secured.! Nareit members made a variety of financial announcements this year. Written by The White Law Group November 2, 2022 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. On September 22, 2021, CMFT and INAV announced that the companies have entered into a definitive agreement whereby CMFT would acquire INAV in a stock-for-stock, tax-free merger transaction. Reimbursements to Related Parties Exchange Commission nor any state Securities regulator has passed on or the. Contact us now for a free consultation! Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Application for Transfer for Custodial Accounts. CIM Real Estate Finance Trust distributions, CIM Real Estate Finance Trust investigation, CIM Real Estate Finance Trust liquidation, CIM Real Estate Finance Trust secondary sales, CIM Real Estate Finance Trust tender offer, Cole Credit Property Trust IV (CCPT IV) investigation, CIM Real Estate Finance Trust, Inc. CMFT invests in senior secured loans and credit leases. 10:55 am The Merger transactions are anticipated to better position the Combined Company for potential Public non-traded corporation that has elected to be taxed and currently qualifies as a REIT for U.S. federal Income purposes! 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