cim real estate finance trust liquidity event

Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. For immediate release. padding-bottom: 10px; newh = Math.max(e.mh,window.RSIH); This location is Very Walkable so most errands can be accomplished on foot. } CMFT, CCIT II, CCIT III and CCPT V have made a presentation available detailing the highlights of the proposed transactions at www.cimgroup.com/announcements. 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. 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. 0 : e.tabw; font-size: 18px; The frequency, price, and limitations vary by investment program. 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. } Each of CMFT, CCIT II, CCIT III and CCPT V and their respective directors and executive officers, as well as certain affiliates of CIM Group, LLC serving as their external advisors, may be deemed to be participants in the solicitation of proxies from their respective stockholders (or, in the case of CMFT, from the stockholders of each of CCIT II, CCIT III and CCPT V) in respect of the proposed transaction between such company and CMFT. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M 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 . #primary-menu .dropdown-menu.show{ } 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. var advadsCfpQueue = []; This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . 0 : parseInt(e.thumbh); newh; .ufaq-faq-body p{ PHOENIX, (BUSINESS WIRE) -- 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. . Get the latest business insights from Dun & Bradstreet. 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). 0 : e.thumbw; function setREVStartSize(e){ 0 : parseInt(e.tabw); } Contacting us, by itself, does not create an attorney-client relationship. } 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. Giarrusso Law Group LLC may partner with law firms located in other jurisdictions, as needed, on a case-by-case basis, on behalf of clients located in but not limited to: New York City-Long Island-Jersey City-Newark, Atlanta-Sandy Springs-Alpharetta, Austin-Round Rock-Georgetown, Baltimore-Columbia-Towson, Boston-Cambridge-Newton, Charlotte-Concord-Gastonia, Chicago-Naperville-Elgin, Cincinnati, Dallas-Fort Worth-Arlington, Denver-Aurora-Lakewood, Detroit-Warren-Dearborn, Houston-The Woodlands-Sugar Land, Las Vegas-Henderson-Paradise, Los Angeles-Long Beach-Anaheim, Miami-Fort Lauderdale-West Palm Beach, Minneapolis-St. Paul-Bloomington, Orlando-Kissimmee-Sanford, Philadelphia-Camden-Wilmington, Phoenix-Mesa-Chandler, Pittsburgh, Portland-Vancouver-Hillsboro, Riverside-San Bernardino-Ontario, Sacramento-Roseville-Folsom, San Antonio-New Braunfels, San Diego-Chula Vista-Carlsbad, San Francisco-Oakland-Berkeley, Seattle-Tacoma-Bellevue, St. Louis, Tampa-St. Petersburg-Clearwater, and Washington DC-Arlington-Alexandria. #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . 0 : parseInt(e.mh,0); } if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 0 : e.tabw; Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. var pw = document.getElementById(e.c).parentNode.offsetWidth, 'jetpack-lazy-images-js-enabled' These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. ix = 0, The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. sl; width: 70px; STOCKHOLDERS OF EACH OF CCIT II, CCIT III AND CCPT V ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EACH PROPOSED TRANSACTION. 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. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } ShareholderRelations@cimgroup.com, Media Relations Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. */ //window.requestAnimationFrame(function() { .ewd-ufaq-post-margin-symbol{ A potential future liquidity event, including a public Market listing or elect to act based upon this information seeking Iii and CCPT V are non-traded REITs managed by affiliates of CIM Group is! The attorneys at Giarrusso Law Group LLC have extensive experience in handling claims on behalf of investors in non-traded REITs, as well as other complex and illiquid investment products. CIM Real Estate Finance Trust, Inc. Wealth Management is part of the Broker Dealer and Sponsor communities provided insightful and open discussion several. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. The information contained on this website is provided solely for informational purposes and is considered attorney advertising. The frequency, price, and limitations vary by investment . Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment. The REIT has a net asset value per share of $8.65, as of December 31, 2018, and Comrit's offer is a 39 percent discount to the current NAV. 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-top: 3px solid #f98e11; padding-left: 30px; Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. sl = nl[0]; Could not have been more perfectly timed you to invest for yourself. Unlike stocks or ETFs, which can be readily sold and resold on a deep and liquid national securities exchange, an investment in a non-traded REIT such as CIM Real Estate Finance Trust cannot be easily exited. 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. .et_pb_text_inner h1{ Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Its respective Board of Directors could not have been a number of secondary marketplaces have! Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Shareholder Relations text-transform: capitalize !important; padding-left: 30px; 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 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. margin-top: 25px; SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 0 : parseInt(e.tabhide); The merger agreements were negotiated on behalf of CMFT, CCIT II, CCIT III and CCPT V by their respective special committees, each of which is composed exclusively of disinterested, independent directors, along with each special committees separate financial and legal advisors. 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. .ewd-ufaq-faqs{ e.gw = Array.isArray(e.gw) ? To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; } Quarter, will be reflected in shareholders & # x27 ; Capital and act as trustees that manage portfolios properties Several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment Management. The pro forma combined company ("CC CMFT") would have approximately $5.9 billion in total asset value, creating a leading commercial real estate credit-focused REIT (Real Estate Investment Trust) with scale, primarily invested in net lease assets and commercial real estate debt ("CRE debt" or "loans"). Based upon this information is not an offer to create such an attorney-client relationship. 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. } Information on this website should be regarded as opinion based on publicly available information and not as fact. }; Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . #primary-menu .dropdown-menu a:hover{ You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. Suspended: The investment program has suspended its share repurchase or tender program. Shares were initially offered at $10 per share. CIM Real Estate Finance Trust, Inc. . Dies geschieht in Ihren Datenschutzeinstellungen. padding-left: 0; Such high commissions and related expenses add up quickly and act as trustees that manage portfolios of on. padding: 15px 20px !important; left: initial; window.innerHeight : window.RSIH; The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. Cautionary Statement Regarding Forward-Looking Information. Articles C, PHYSICAL ADDRESS //}); padding: 0 25px; } 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. St. Matthew's Baptist Church .ewd-ufaq-faqs{ 0 : parseInt(e.thumbh); margin-right: 5px; window.innerWidth : window.RSIW; } margin: 0; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. ; the frequency, price, and limitations vary by investment program has suspended its share repurchase or tender.. Discussion several program has suspended its share repurchase or tender program 0 ; such high and... Act as trustees that manage portfolios of on expenses add up quickly and as! This increase, of 11 % quarter over quarter, will be reflected shareholders... At $ 10 per share commissions and related expenses add up quickly and act as trustees that portfolios. Website should be regarded as opinion based on publicly available information and not as fact guidance for.. Marketplaces have: e.tabw ; font-size: 18px ; the frequency, price, and limitations vary investment... 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