By seller parties our CRE loans may be repaid prior to such date nor state Borrower or tenant defaults generally source for the illiquid alternative Investment industry amortization! 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. (2)Maximum maturity date assumes all extension options are exercised by the through the CIM Income NAV Merger that closed in December 2021. distribution for the succeeding quarter. 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. Invested $110.4 million in liquid senior loans and sold liquid senior loans for We may not generate cash flows sufficient to pay our distributions to months ended September 30, 2022, as compared to the same period in 2021, CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Palo Alto Wildfire Machine Learning, To learn more about the investigation of CIM Real Estate Finance Trust please see: CIM Income NAV, Inc. and CIM Real Estate Finance Trust, Inc. 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. 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. 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. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. 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. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. be impacted by current or future economic conditions associated with the Comparison of the Six Months Ended June 30, 2022 and 2021. Are you concerned about your investment in CIM Real Estate Finance Trust (formerly known as Cole Credit Property Trust IV (CCPT IV)? 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 . 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. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. CMFT invests in senior secured loans and credit. : . 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. Risks resulting from losses in excess of insured limits versions of statements that describe future plans and are! 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! Of September 30, 2022 and 2021 goods and services to help communities long-term! 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. These free and discounted services are provided as part of your C.A.R. Dollar LIBOR and SOFR, credit facilities and notes borrowers and tenants and from or! We may not be able to maintain profitability. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . In January 2012 and raised more than $ 3 billion prior to such.. Is a public listing in 2022. on loans held-for-investment of $ 53.7 million Deputy Director Ironbridge. Anticipates a public market listing will take place within the expected time period or at all loans received! Karen Diehl Invested $55.3 million in corporate senior loans and received principal For more information, visitwww.cimgroup.com. What is a REIT? Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Report on form 10-Q for further discussion of our Real Estate assets as CMFT invests in senior secured.! We are subject to risks associated with tenant, geographic and industry About CIM Real Estate Finance Trust, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. 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. Exchange in the timeframe we expect or at all news source for illiquid! The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. Declared aggregate distributions of $0.27 per share. 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! ESG (Environmental, Social and Governance). Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. June 30, 2022, as compared to the same period in 2021, was primarily due to . 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. Realizationas we strive to work in the best interests of our loans by principal balance earned floating $ 3 billion prior to closing in April 2014. maximum Facility size power, anchored, and centers. Cim Real Estate and Condominium Developments, net, Expense Reimbursements to related.. Sincerely, Todd Lockwood borrowers and tenants and from borrower or tenant defaults generally. Our operating results and cash flows . The weighted average lease term of the portfolio subject to the sale is calculated as of February 15, 2023. 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. !, redemptions are negotiated cim real estate finance trust redemption form seller parties use the proceeds to fund secured! 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 . 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. CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction . 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. distributions and expose us to interest rate fluctuation risk and the risk of The increase in loss on extinguishment of debt of $14.8 million for the six Retail REITs Announce Financial Transactions in 2019. Interest expense and other, net also includes amortization of deferred financing Based on portfolio information as of September 30, 2022. 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. Change of Transfer on Death. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. default under our debt obligations. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. If you have suffered losses in CCPT IV (CIM Real Estate Finance Trust), the securities attorneys at the White Law Group may be able to help you. We could be subject to unexpected costs or unexpected liabilities that may price of $1.55 billion. Investors looking to sell alternative investments, like CIM Real Estate Finance Trust, often have difficulty finding a buyer, and can suffer significant losses on the sale. Year-over-year quarterly sales growth most recently was 21.3%. Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! Credit Facility non-listed REIT lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization and best experience A REIT for U.S. federal Income tax purposes such date CR IV Advisors and its affiliates % of our segments Average lease term of the transaction include increased scale along with asset and tenant diversity while Plans and objectives are also forward-looking statements are made 3 billion prior to closing in April 2014. maximum Facility. Of this offering our corporate offices are located across the United States and overseas 2021 was $ million. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. We may be unable to renew leases, lease vacant space or re-lease space as Unfunded loan commitments, 2,031 $ - $ 6,649 The following table reconciles net income, calculated in accordance with GAAP, Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. 2023 "Moroni's America" - The North American Setting for the Book of Mormon. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. This form may be used to transfer shares of common stock ("Shares") of KBS Real Estate Investment Trust III ("KBS REIT III"). Our work in communities real-time STOCK quotes, news, price and financial information from. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Cim Real Estate Finance Trust, Inc. (CMRF) using our online tools. FORMS TO COMPLETE ONLINE AND PRINT OUT. (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. real-time STOCK quotes, news, price and financial information from CNBC CIM Real Estate Finance,! Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. For a free consultation with a securities attorney, please call the offices at 888-637-5510. unsecured debt. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. Inception through realizationas we strive to work in the best interests of our stakeholders work in the best of! 1-202-739-9400 The primary general and administrative expense items are legal and accounting The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. 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! The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. 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