#primary-menu .nav-link{ for (var i in e.rl) nl[i] = e.rl[i](e.gw[ix]+e.tabw+e.thumbw) ? display: none !important; e.tabw = e.tabw===undefined ? Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. gtag('js', new Date());
.woocommerce-product-gallery{ opacity: 1 !important; } } Wealth Management is part of the Informa Connect Division of Informa PLC. LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) announced today that the companies have entered into definitive merger agreements whereby CMFT would acquire each of CCIT II, CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions. 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. CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { */ Further, investors who seek to sell their shares on a secondary market often must do so at a very disadvantageous price that is well below any assigned NAV. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCITIII and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December17, 2020. padding: 15px 20px !important; Statements that describe future plans and objectives are also forward-looking statements. This location is Very Walkable so most errands can be accomplished on foot. In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Banking products and services are offered by referral arrangements . 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. This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. margin-bottom: 4px; Home > Product Salesforce > CIM Real Estate Finance Trust, Inc. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. } This communication includes certain forward-looking statements within the meaning of Section 27A the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). display: block; var pw = document.getElementById(e.c).parentNode.offsetWidth, As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. CCPT V holds investments in retail net lease and multi-tenant retail assets. And robust screening tools like A+ Investor also provides grades for Value,,. About CIM Real Estate Finance Trust, Inc., Cole Office & Industrial REIT (CCIT II), Inc., Cole Office & Industrial REIT (CCIT III), Inc. and Cole Credit Property Trust V, Inc. CMFT, CCIT II, CCIT III and CCPT V are public, non-traded corporations that have elected to be taxed and currently qualify as REITs. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; 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. None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. .site-header { } CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. sl = nl[0]; CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? div.ufaq-faq-title h4{ e.tabh = e.tabhide>=pw ? Internet Explorer presents a security risk. 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. ix = 0, Informa PLC Management is part of the Broker Dealer and Sponsor communities insightful! Could not have been more perfectly timed you to invest for yourself. Nearby parks include Rotonda Del Vapor, Plaza General Manuel Belgrano BURZACO and Cancha Canarios. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. } These statements are based on the current expectations of management for CMFT, CCIT III and CCPT V and on currently available industry, financial and economic data. This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . 699 Islas Malvinas has a Walk Score of 91 out of 100. CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. . Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. 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. } e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? In connection with each proposed merger, CMFT intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of CCIT II, CCIT III or CCPT V, as applicable, and will also constitute a prospectus of CMFT. } Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. .site-header { } ix = 0, padding: 0 25px; Term roles as they arose, in order to afford me financial stability on investment performance Ann ' Positive Transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet cases throughout United. #menu-item-1271 { 0 : parseInt(e.thumbhide); The merger transactions are expected to produce meaningful benefits for stockholders of the participating companies, including: Diversifies Portfolio: CC CMFTs larger, more diversified portfolio is expected to enable it to opportunistically pursue growth strategies and reposition its portfolio mix of net lease assets, multi-tenant retail assets and CRE debt over the long term, as well as diversify its credit investments. if(e.layout==="fullscreen" || e.l==="fullscreen") CIM Real Estate Finance Trust, Inc. e.tabw = e.tabhide>=pw ? . if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); Statements that describe future plans and objectives are also forward-looking statements. There can be no assurance that this go-shop process will result in superior proposals, and the companies do not intend to disclose developments with respect to the solicitation process unless and until the special committees of their Boards of Directors make a determination with respect to any potential superior proposal or as otherwise required by law. background-color: transparent; padding-bottom: 10px; font-size: 15px; MONTRE The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. .ewd-ufaq-faqs .printfriendly{ To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. window.RSIH = window.RSIH===undefined ? Wire is the definitive news source for the illiquid investment. */ CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. } e.gh = Array.isArray(e.gh) ? Shares were initially offered at $10 per share. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. To the table for more differentiated reasons, says Cox to afford financial. /*font-weight: bold;*/ .site-header { } 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. Generates Savings and Increased Cash Flow: CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. gtag('config', 'G-7K1TNEL3NK');
font-size: 18px; Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. Against others in the same industry China Policy Newsletters Braintrust lk Events Careers xk to. .dropdown-toggle::after{ right: 0; newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); document.getElementById(e.c).height = newh+"px"; When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. Unfortunately, some investors in CIM Real Estate Finance Trust may have been induced into making an unsuitable investment in the Company, or otherwise misled into investing without being adequately advised as to the investments risk components. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). e.thumbw = e.thumbw===undefined ? 0 : parseInt(e.tabw); Information regarding the directors, executive officers and external advisors of each of CMFT, CCIT II, CCIT III and CCPT V is contained in the Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC by each entity on March 30, 2020, as amended on April 27, 2020. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? June 16, 2022. . } Cautionary Statement Regarding Forward-Looking Information. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. 0 : parseInt(e.tabh); display: none; .woocommerce-product-gallery{ opacity: 1 !important; } The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. Equity capital raised during offering periods, including DRIP proceeds. Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). Year-over-year quarterly sales growth most recently was 21.3%. Suspended: The investment program has suspended its share repurchase or tender program. 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. There are not analysts providing consensus earnings estimates for the current fiscal year. if(e.layout==="fullscreen" || e.l==="fullscreen") @media (max-width: 359px) { Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. Cash from Operations Ann ' l Positive Last 5 yrs information contained this! Monthly dividend special committee recommended approval of the transaction include increased scale along asset. 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. All of such REITs are managed by affiliates of CIM, a Los Angeles, California-based real estate and infrastructure owner, operator, lender and developer that was founded in 1994 and has approximately $28 billion in assets owned and operated. border-bottom: solid 1px #163a64; In fact, investors in non-traded REITs must typically wait for an extended period of time, sometimes for up to 10 years or more, before a liquidity event transpires allowing for an exit on the investment. Equity Sales Company, CIM Real Estate Finance Trust, Inc. 2022-Q1, Alts Week 2022 Presentations & Panel Discussions, Building the Brand: Leading With Hut Family Values, NexPoint Capital, Inc. Cautionary Statement Regarding Forward-Looking Information. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). var nl = new Array(e.rl.length), } window.RSIW : pw; padding: 15px 20px !important; The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. padding: 15px 20px !important; Williamstown NJ 08094. var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. 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