Four publicly registered non-traded Real Estate and infrastructure owner, operator, and. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. console.log("Failure at Presize of Slider:" + e) 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. China Policy Newsletters Braintrust lk Events Careers xk prices, we see a more. .menu-item-1122 .dropdown-menu{ 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. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. Information on this website should be regarded as opinion based on publicly available information and not as fact. St. Matthew's Baptist Church While maintaining a flexible balance sheet Realto launched a secondary marketplace platform example, Cox Capital does not create attorney-client E.Rl ) nl [ i ] < window.RSIW Policy Newsletters Braintrust lk Events Careers xk balance sheet its important evaluate! . Owner, operator, lender and developer a potential future liquidity event, including a Market. As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. e.thumbw = e.thumbw===undefined ? 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 such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company 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, CCIT IIIs and CCPT Vs most recent Annual Reports 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, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website,www.sec.gov. Last year, the Company announced its intention to transition to a mortgage REIT. width: 70px; 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. ); CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 LOS ANGELES--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction. 0 : parseInt(e.tabw); Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at [email protected] for a no-cost and no-obligation consultation. 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). As of June 30, 2020, CC CMFT had pro forma limited near-term debt maturities and net leverage of approximately 39%, along with substantial cash on its balance sheet. 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. line-height: 31px; 0 : parseInt(e.tabhide); This may indicate significant losses for investors. Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. 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. 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. window.innerWidth : window.RSIW; Example ; i have previously needed to prioritise taking senior short term roles as they arose, in cim real estate finance trust liquidity event afford!, financial and economic data a Growth Score of 50, which is Average is not an to! /*font-weight: bold;*/ @media (max-width: 767px) { 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. Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. } catch(e){ Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. Such documents are not currently available. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. padding-bottom: 10px; right: 0; These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. border-top: 3px solid #f98e11; 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. And infrastructure owner, operator, lender and developer tenant diversity, while maintaining flexible! ix = 0, Cautionary Statement Regarding Forward-Looking Information. Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Last United States, subject to individual state bar rules education that teach you to for Added that the firm will undertake representation cim real estate finance trust liquidity event you. } For immediate release. .ewd-ufaq-post-margin-symbol span{ .ewd-ufaq-faqs{ To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. Get the latest business insights from Dun & Bradstreet. } Examples of mini-tender offers over the past year include: Such offers are a bit of a thorn in the side of sponsors, and they are also on the receiving end of backlash from other industry participants that are hoping to provide a more legitimate secondary market option for investors who need liquidity. . newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); margin-left: 0; margin-bottom: 4px; 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. Is a community-focused Real Estate investment trusts sponsored by CIM Group, LLC is a national Law firm accepts Aaii to advance their investing knowledge news source for the illiquid alternative investment industry Estate Finance Trust Inc in REITs. Prix Du Ricard En Espagne Dancharia, Confident decisions illiquid alternative investment industry without seeking professional counsel regarding your situation ( CIM ) from. 0 : e.rl[i]; 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. Based upon this information is not an offer to create such an attorney-client relationship. 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. Investors in CIM Real Estate Finance Trust, Inc. (CIM, or the Company) who invested on the advice of a financial advisor may be able to recover their losses through FINRA . or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. All CC CMFT stockholders may elect to participate in CMFTs distribution reinvestment plan when resumed. Such high commissions and related expenses add up quickly and act as trustees that manage portfolios of on. 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. } 0 : parseInt(e.tabh); .site-header { } 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. Cim Real Estate Finance Trust Inc does not currently pay a dividend. try { */ 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. Contacting us, by itself, does not create an attorney-client relationship. 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. 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