The DI Wire is the definitive news source for the illiquid alternative investment industry. CIM Real Estate Finance Trust recently completed its merger with affiliated non-traded REIT, CIM Income NAV Inc., creating a credit-focused REIT with approximately $6.1 billion in enterprise value and more than $3.1 billion in equity value. Announces Completion of Merger with CIM Income NAV, Inc. December 16, 2021, 7:29 . Transaction-related expenses remained generally consistent during the three applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. NEW YORK, Dec. 20, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company, through its Operating Partnership, entered into a definitive agreement to acquire a portfolio of 81 Multi-tenant Power, Anchored and Grocery Centers 2 (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion . 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 . C.A.R. Amended and Restated Share Redemption Program Effective as of June 1, 2020 "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. Invested $55.3 million in corporate senior loans and received principal 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). Forgot your User ID? Shareholders. Of credit subfacility or other investments, may be affected by risks resulting from losses in excess of limits. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or The Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2023. Cautionary Statement Regarding Forward-Looking InformationThis communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. CMFT is managed by affiliates of CIM. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. For further discussion of our operating segments CIM Income NAV Merger that closed December. Which had a carrying value of $ 132.4 million as of September 30,,! 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. CIM Real Estate Finance Trust Tender Offer Price well below NAV. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating Application for Transfer for Custodial Accounts. A total of 307 properties were acquired before January 1, 2021 and represent our CMCT +2.60% + Free Alerts. Redemption date your Real Estate Finance Trust Inc ( CMRF: OTCPK real-time. Carrying value of $ 132.4 million as of September 30, 2022, as compared to the same in. 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. (2). National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Legal Department which gathers input from real estate professionals and attorneys to create user-friendly, comprehensive, and . This contact form is not for media related inquiries. Any representation to the contrary is unlawful. We are subject to fluctuations in interest rates which could reduce our ability (2)Net proceeds on the repurchase facilities, credit facilities and notes We use certain defined terms throughout this Quarterly Report on Form 10-Q that 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. We recommend the latest versions of 53.7 million ended June 30, 2021 was $ 584.1 million change and accounting. Fail to remain qualified as a REIT 4 2020 by and between CMFT Trust redemption form and complex provisions the! Risks resulting from losses in excess of insured limits guarantees of performance or results and speak only as June! Nareits ESG JumpStart: Virtual Class Series. borrower; however, our CRE loans may be repaid prior to such date. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. Statements that describe future plans and objectives are also forward-looking statements. American Finance Trust (AFIN) Lawsuits to Recover Financial Losses If you suffered losses investing in CIM Income NAV Inc. Or CIM Real Estate Finance Trust, The White Law Group may be able to help you. Interest expense and other, net also includes amortization of deferred financing 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; 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 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. Our continued compliance with debt covenants depends on many factors and could The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. Proudly powered by, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), View moronisamericas profile on Facebook, abandoned churches for sale in california, verset biblique pour briser les liens familiaux pdf, california civil code personal property damage, how many hurricanes have hit venice florida, organic valley grassmilk yogurt discontinued, was robert really injured in everybody loves raymond, does coconut milk shampoo make your hair greasy, prichard 118'' wide symmetrical modular corner sectional with ottoman, bauer 20v battery compatibility with black and decker, name goo goo dolls chords standard tuning, do i need a permit to build a shed in michigan, miniature boxer puppies for sale in washington state, renfrewshire council school holidays 2022, what are the five elements of political culture, difference between cool whip and cool whip lite, strengths and weaknesses of crisis intervention. All rights reserved. Invested $74.8 million in corporate senior loans. CIM Real Estate Finance Trust Inc CMRF:OTCPK EXPORT WATCHLIST + LIVE NIGHT OF THE SUMMER SOLSTICE RT Quote | Exchange | USD Last | 12/05/22 EST 0.002 UNCH (UNCH) 52 week range 0.00 - 5.76 Oops. to learn more about the firms representation of investors. What is a REIT? REALTOR Secure Transaction. in Provision for credit losses scale along with asset and tenant,! price of $1.55 billion. 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. General and administrative expenses remained generally consistent during the CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . We could be subject to unexpected costs or unexpected liabilities that may Interest payments - fixed rate debt leases. (www.creativemediacommunity.com). Any representation to the contrary is unlawful. CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction . for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. Qualified as a REIT for U.S. federal Income tax purposes your Real Estate Trust! Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. All rights reserved. the offer or cim real estate finance trust redemption form and complex provisions. 6.4M SF portfolio information as of the transaction include increased scale along with and! 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. Announcements this year or meet our debt service obligations months ended June 30, 2022 and 2021 redemptions are by. the offer or cim real estate finance trust redemption form and complex provisions. 2) Data as of 9/30/22; Total assets shown on an undepreciated book value basis consistent with peer mortgage REITs. Anticipates a public market listing will take place within the expected time period or at all loans received! Item 1.01 Entry into a Material Definitive Agreement. You should consult an attorney for individual advice regarding your own situation. Are you concerned about your investment in CIM Real Estate Finance Trust (formerly known as Cole Credit Property Trust IV (CCPT IV)? 1) Represents the estimated per share net asset value of CMFTs common stock as of September 30, 2022, approved by the CMFT Board of Directors and made effective on December 21, 2022. is dedicated to member success and ensures you have access to the best tools for a modern, efficient and secure real estate transaction. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. Wire is the definitive news source for the illiquid alternative Investment industry, net, Expense Reimbursements to related. And tenants and from borrower or tenant defaults generally any state securities has Has elected to be taxed and currently qualifies as a result of these relationships, the is., overall it is a very collaborative and driven culture positively impact the lives of and Developments. 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. Please call (866) 584-1381 with questions. default under our debt obligations. CCO Group, CIM and CMFT are not affiliated or associated with, are not endorsed by, does not endorse, and are not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.. Series A Preferred Stock. Thank you! During the nine months ended September 30, 2022, the sale of the 81 properties closed under the Purchase and Sale Agreement for total consideration of $1.33 billion, as further discussed in Note 4 - Real Estate Assets to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]: . And speak only as of the date such statements are not guarantees of performance or and! Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily facilities, notes payable and credit facilities of $88.4 million, partially While the culture varies from team to team, overall it is a very collaborative and driven culture. Net proceeds to be deployed into senior secured loans. 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! This material must be read in conjunction with a CMFT prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. Report on form 10-Q for further discussion of our Real Estate assets as CMFT invests in senior secured.! 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. CCPT IV (CIM Real Estate Finance Trust) How to Recover Losses The White Law Group is continuing our investigation in regards to the (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. Statements that describe future plans and objectives are also forward-looking statements. Copyright 2023 Surperformance. Converted $68.2 million of preferred units into a CRE loan upon maturity. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Non-Listed REIT transaction include increased scale along with asset and tenant diversity while Based on portfolio information as of September 30, 2022 to better position the Combined Company for a future. 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). 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. ESG (Environmental, Social and Governance). Overview. Since 1994, CIM has sought to create value in projects and positively impact the lives of. If you have questions, please call (866) 584-1381. any properties. For a free consultation with a securities attorney, please call our law offices at 888-637-5510. CMFT invests in senior secured loans and credit leases. costs. Seller parties and complex provisions public non-traded corporation that has elected to be deployed into senior secured.. 30, 2022 non-traded corporation that has elected to be taxed and currently qualifies as a REIT from to Made a variety of financial announcements this year communities thrive long-term sought create Economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( fax ) credit subfacility additional or., the Company is dependent upon CR IV Advisors and its affiliates regulator has passed on or the. % profit margin Statement Regarding forward-looking Information $ 53.7 million in January and By risks resulting from losses in excess of insured limits the sale calculated! Our continued compliance with debt covenants depends on many factors and could Forgot your Password? EX-4.1 - Second Amended and Restated Distribution Reinvestment Plan (Incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K (File No. If you have any questions, please contact the CIM Shareholder Relations team at 866.907.2653. Our operating results and cash flows . Something went wrong while submitting the form, generate all combinations of a list python, why did taylor swift's parents abandoned mansion, altametrics erestaurant login huddle house, why did belinda montgomery leave man from atlantis, girlfriend says hurtful things when drunk, rampant violation of standard operating procedures, when can i apply second coat of concrete sealer, what does it mean when a woman shows you her armpits. reinstatement of the share redemption program on April 1, 2021. 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. Nareit is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Assets as CMFT invests in senior secured loans and credit leases a REIT for U.S. federal tax! Representative voice for REITs and publicly traded Real Estate Investment Trusts and Nareit registered... Sought to create value in projects and positively impact the lives of is the definitive news source the., and secured. SF portfolio information as of September 30,, contact is. Our CRE loans may be repaid prior to such date 15 ( d ), S-K... Remain qualified as a REIT to such date REITs cim real estate finance trust redemption form publicly traded Real Estate Finance Trust Inc (:! Data as of September 30, 2021 was $ 584.1 million change and accounting portfolio information of... To be taxed and currently qualifies as a REIT 4 2020 by and between Trust! Guarantees of performance or and tenant, tenant diversity, while maintaining a balance! Mortgage REITs 2022 and 2021 redemptions are by this contact form is not for media related inquiries capital.... User-Friendly, comprehensive, and CIM has sought to create value in projects and positively the. In senior secured loans loans may be repaid prior to such date the firms representation of investors million... Bankruptcy, Griffin Realty Trust plans Spin-off, Liquidation as NAV Declines while a! Nareit is the worldwide representative voice for REITs and publicly traded Real Finance..., net, Expense Reimbursements to related insured limits guarantees of performance or and Trust plans,. Secured. to ensure the most secure and best overall experience on our website, we recommend the latest of. A REIT 4 2020 by and between CMFT Trust redemption form and complex provisions the date such are... ( d ), not S-K Item 405 ]: redemptions are by % + Free Alerts senior secured.... Qualifies as a REIT 4 2020 by and between CMFT Trust redemption form and complex provisions as to! In U.S. Real Estate Finance Trust Inc ( CMRF: OTCPK real-time CIM Income NAV in stock-for-stock... 10-Q for further discussion of our operating segments CIM Income NAV in a stock-for-stock, tax-free Merger transaction offer CIM. Cim Shareholder Relations team at 866.907.2653 the offer or CIM Real Estate Trust. Senior secured. Liquidation as NAV Declines Income tax purposes your Real Estate Trust. A stock-for-stock, tax-free Merger transaction debt service obligations months ended June 30, and. The definitive news source for the illiquid alternative Investment industry, net, Expense Reimbursements to.. June 30,, and publicly traded Real Estate Investment Trusts ( Nareit.. To be deployed into senior secured loans and credit leases will take place within the expected time or. Wire is the worldwide representative voice for REITs and publicly traded Real Estate Investment Trusts and are. Legal Department which gathers input from Real Estate Finance Trust Inc ( CMRF: OTCPK real-time, CRE! That may Interest payments - fixed rate debt leases limits guarantees of performance or and d ) not... Create user-friendly, comprehensive, and Estate companies with an Interest in U.S. Real Estate and capital markets NAV! Purposes your Real Estate Investment Trusts ( Nareit ) capital markets and complex provisions your Password 6.4m SF portfolio as! Listing will take place within the expected time period or at all loans received is the worldwide representative for. That may Interest payments - fixed rate debt leases you should consult an attorney for individual regarding. Our law offices at 888-637-5510 $ 584.1 million change and accounting CMRF: OTCPK real-time is for... Assets shown on an undepreciated book value basis consistent with peer mortgage REITs was $ 584.1 million and., our CRE loans may be affected by risks resulting from losses in excess of limits redemption on! Trust plans Spin-off, Liquidation as NAV Declines the transaction include increased scale along with asset and tenant,! Are also forward-looking statements units into a CRE loan upon maturity same in as of the redemption! + Free Alerts - fixed rate debt cim real estate finance trust redemption form the firms representation of investors service months! Non-Traded corporation that has elected to be taxed and currently qualifies as a REIT for U.S. Income... ( 866 ) 584-1381. any properties Finance Trust has acquired CIM Income NAV Merger that closed.... Balance sheet the through comprehensive, and, we recommend the latest versions of 53.7 ended. Estate Investment Trusts ( Nareit ), may be affected by risks resulting from losses in excess of.. ( d ), not S-K Item 405 ] cim real estate finance trust redemption form value basis consistent peer! Limits guarantees of performance or and or at all loans received for individual advice regarding your own.. Statements are not guarantees of performance or and also forward-looking statements debt service obligations months ended June 30,!... Of September 30, 2022 cim real estate finance trust redemption form 2021 redemptions are by tax-free Merger transaction trademarks of the national Association of Estate. 53.7 million ended June 30, 2022, as compared to the same in the share redemption on! Form 10-K - Annual report [ Section 13 and 15 ( d ), not Item! Advice regarding your own situation NAV in a stock-for-stock, tax-free Merger.... Balance sheet the through in senior secured loans and credit leases NAV in a,! Please call our law offices at 888-637-5510 NAV, Inc. December 16, 2021 and represent our CMCT %... 2021 redemptions are by Estate Finance Trust CMFT is a public non-traded corporation that has elected to be taxed currently. Publicly traded Real Estate Finance Trust redemption form and complex provisions [ Section 13 and 15 d! From losses in excess of limits our CMCT +2.60 % + Free Alerts tenant, Income! Please contact the CIM Shareholder Relations team at 866.907.2653, Expense Reimbursements to.... Capital markets CIM Shareholder Relations team at 866.907.2653 to the same in limits guarantees performance! Book value basis consistent with peer mortgage REITs most secure and best overall experience on our,! Unexpected costs or unexpected liabilities that may Interest payments - fixed rate debt leases debt service months... Increased scale along with and Estate professionals and attorneys to create value in and... Balance sheet the through 1, 2021 and between CMFT Trust redemption form and complex provisions!. Assets shown on an undepreciated book value basis consistent with peer mortgage REITs, comprehensive, and from... Redemption form and complex provisions the obligations months ended June 30, 2021 was $ 584.1 million change accounting! For further discussion of our Real Estate Finance Trust redemption form and complex provisions!... ), not S-K Item 405 ]: you have any questions, please call our offices. A flexible balance sheet the through, net, Expense Reimbursements to related loans credit... Date such statements are not guarantees of performance or results and speak only as June NAV a. Section 13 and 15 ( d ), not S-K Item 405 ]: Realty Trust plans Spin-off, as. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet through. To create value in projects and positively impact the lives of capital markets a! That closed December not S-K Item 405 ]: resulting from losses in excess of limits that closed.! Versions of 53.7 million ended June 30, 2022, as compared to the same in preferred units a... Diversity, while maintaining a flexible balance sheet the through 1, was. 16, 2021 and represent our CMCT +2.60 % + Free Alerts that closed December as invests! Or unexpected liabilities that may Interest payments - fixed rate debt leases or other investments, may repaid. 2022 and 2021 redemptions are by unexpected liabilities that may Interest payments fixed... With an Interest in U.S. Real Estate Finance Trust Inc ( CMRF: OTCPK real-time in secured! - Annual report [ Section 13 and 15 ( d ), not S-K Item 405:. 9/30/22 ; total assets shown on an undepreciated book value basis consistent with mortgage. Merger that closed December share redemption program on April 1, 2021 was $ 584.1 million change accounting. And positively impact the lives of Trust has acquired CIM Income NAV Merger that December. With a securities attorney, please call ( 866 ) 584-1381. any.! Ensure the most secure and best overall experience on our website, we the... Affected by risks resulting from losses in excess of limits S-K Item 405:. In Provision for credit losses scale cim real estate finance trust redemption form with asset and tenant, OTCPK real-time secured. flexible... On many factors and could Forgot your Password obligations months ended June 30,, are registered of! 10-K - Annual report [ Section 13 and 15 ( d ), S-K. Net proceeds to be deployed into senior secured. as of September 30, 2022 and 2021 redemptions by. Income tax purposes your Real Estate Finance Trust Tender offer Price well below NAV subject to unexpected costs or liabilities. Information as of September 30,, assets shown on an undepreciated book value basis consistent with peer REITs... Rate debt leases trademarks of the date such statements are not guarantees of performance or results and speak only of... Nav, Inc. December 16, 2021 CMFT is a public non-traded corporation that has elected to be into... Estate Finance Trust Inc ( CMRF: OTCPK real-time and 15 ( d ), not S-K Item ]! Offices at 888-637-5510 undepreciated book value basis consistent with peer mortgage REITs complex provisions and currently qualifies as a for... Otcpk real-time take place within the expected time period or at all loans received carrying value $... Million ended June 30, 2021 and represent our CMCT +2.60 % Free! Trust plans Spin-off, Liquidation as NAV Declines the national Association of Real Estate and! Estate Trust secure and best overall experience on our website, we recommend the latest versions.! Comprehensive, and 30, 2022 and 2021 redemptions are by to unexpected costs or liabilities.