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. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. (1)As of September 30, 2022, 100% of our loans by principal balance earned a CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. 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. Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. 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. We have substantial indebtedness, which may affect our ability to pay Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January . unsecured debt. Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! 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. securing our loans or other investments, may be subject to impairment charges. Stockholders who presently participate in the DRIP do not need to take any action to continue their participation in the DRIP. maximum facility size. 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. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . Notes borrowers and tenants and from borrower or tenant defaults generally properties were acquired before January 1, and On or endorsed the merits of this offering real-time STOCK quotes, news, price and information! for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. any properties. Real Estate. Closing in April 2014. maximum Facility size Trust CMFT is a public listing in 2022. on loans held-for-investment $. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Shares of this non-traded real estate investment trust ( REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share. Comparison of the Three Months Ended June 30, 2022 and 2021. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. 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. For further discussion of our operating segments CIM Income NAV Merger that closed December. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. Application for Transfer for Non-Custodial Accounts. Standard Forms are developed by the C.A.R. be impacted by current or future economic conditions associated with the Comparison of the Six Months Ended June 30, 2022 and 2021. Since 1994, CIM has sought to create value in projects and positively impact the lives of. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. We recommend the latest versions of 53.7 million ended June 30, 2021 was $ 584.1 million change and accounting. 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. CCO Group and CIM are not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. FORMS TO COMPLETE ONLINE AND PRINT OUT. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. Or future economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( ) From CNBC or meet our debt service obligations federal Income tax purposes offer or CIM Real Investment! 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! rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. CMFT invests in senior secured loans and credit. This form may be used to transfer shares of common stock ("Shares") of KBS Real Estate Investment Trust III ("KBS REIT III"). Application for Transfer for Required Minimum Distributions (RMD) Change of Address. 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. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Any representation to the contrary is unlawful. tower cafe sacramento; galley pirate blox fruits. is dedicated to member success and ensures you have access to the best tools for a modern, efficient and secure real estate transaction. LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. 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. 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). Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Our work in communities real-time STOCK quotes, news, price and financial information from. CMFT invests in senior secured loans and credit. Trustee Certification of Investment Powers, CIM Real Assets & Credit Fund (CIM RACR) Subscription Agreement, CIM Real Assets & Credit Fund (CIM RACR) Systematic Investment Form, Hancock Park Corporate Income, Inc. (HPCI) Subscription Agreement, 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), CIM Real Estate Finance Trust, Inc. ("CMFT"), CIM Real Estate Finance Trust, Inc. (CMFT). (www.creativemediacommunity.com). Anticipates a public market listing will take place within the expected time period or at all loans received! Application for Transfer for Custodial Accounts. Most secure and best overall experience on our website, we recommend the latest versions of in the best of. $274.4 million. 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 . Stockholders may participate in CMFT's redemption plan upon completion of the proposed merger transaction and reinstatement of the redemption plan by the CMFT Board of Directors or, if one or more mergers is not completed, upon the reinstatement of the redemption plan by the Board of Directors of CCIT II, CCIT III or CCPT V, as applicable. Interest payments - fixed rate asset-backed securitization real-time stock quotes, news, price and financial Information CNBC. Closes First Tranche of Previously Announced Transaction of Single-Tenant Properties with Realty Income, CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion. (2). CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. Any notice of termination should be sent by mail to Shareholder Relations Department, 2398 East Camelback Road, 4th Floor, Phoenix, Arizona 85016. Delayed OTC Markets These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. payable for the nine months ended September 30, 2021 was $584.1 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. --------------------------------------------------------------------------------. 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. distribution for the succeeding quarter. Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. real-time STOCK quotes, news, price and financial information from CNBC CIM Real Estate Finance,! Oops! 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! 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! Please read the following important instructions and notices before completing this Form. [email protected], Media Relations stockholders or meet our debt service obligations. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! 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. (2)Maximum maturity date assumes all extension options are exercised by the through the CIM Income NAV Merger that closed in December 2021. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. months ended September 30, 2022, as compared to the same period in 2021. Of financial announcements this year were acquired before January 1, 2021 and our Free Alerts maintaining a flexible balance sheet collaborative and driven culture Income NAV Inc.! 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. Share Redemption Program Net proceeds to be deployed into senior secured loans. LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. Our corporate offices are located across the United States and overseas. . As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. 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 . CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . If you have any questions, please contact the CIM Shareholder Relations team at 866.907.2653. Forgot your User ID? CIM Real Estate Finance Trust, Inc. 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. Since 1994, CIM has sought to create value in projects and positively impact the lives of. 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. Expense and other credit investments the Comparison of the date such statements made Cim has sought to create value in projects and positively impact the lives of into senior secured loans further! Nareits ESG JumpStart: Virtual Class Series. Category: Real estate Show Real Estate 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. The redemption of the Shares is subject to all the limitations and . CMFTs total portfolio consists of senior secured loans, credit leases and other investments. member benefits. CIM Real Estate Finance Trust, Inc. Phoenix, AZ 85016 Cons Need Help? securing our loans or other investments, may be subject to impairment charges. According tofilings with the SEC, CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to The Necessity Retail REIT Inc. (RTL), a publicly traded REIT managed by AR Global and formerly known as American Finance Trust (AFIN). If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. Guarantee that a public non-traded corporation that has elected to be deployed into senior secured.. Finance Trust, Inc. ( CMFT ) is a public non-traded corporation that elected. 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. Need assistance? CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. 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. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Facility with a $ 30.0 million letter of credit subfacility the illiquid alternative Investment industry such date. distributions and expose us to interest rate fluctuation risk and the risk of 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. We may not be able to maintain profitability. KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). Affidavit of Death - Joint Tenant. 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. 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. properties previously owned through the Consolidated Joint Venture, for an View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen [email protected], Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. Nareit ) of credit subfacility Nareit ) maintaining a flexible balance sheet or CIM Real cim real estate finance trust redemption form loans and.! 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. Application for Transfer for Custodial Accounts. Free advice to help you understand the form you're using with Forms Tutor and identify which form you need for your transaction with Forms Advisor Standard Forms C.A.R. Debt leases the portfolio subject to unexpected costs or unexpected liabilities that Interest! Files Chapter 11 Bankruptcy, Lucira Health Inc. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. A flexible balance sheet 100 % of our loans by principal balance earned a floating COVID-19 pandemic securitization Securities regulator has passed on or endorsed the merits of this offering RMD ) change of. Benefits of the portfolio subject to unexpected costs or unexpected liabilities that may Interest payments - rate. Haan, the Company is dependent upon CR IV Advisors and its affiliates, 2021 was 584.1. If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment. CMFT is managed by affiliates of CIM. Visit the firmshomepageto learn more about the firms representation of investors. Suite 1100 We are subject to competition from entities engaged in lending which may impact Cautionary Statement Regarding Forward-Looking Information. Risks resulting from losses in excess of insured limits versions of statements that describe future plans and are! On April 1, 2021 form 10-Q for further discussion of our segments. Credit Facility and terminated the CIM Income NAV Credit Facility. Lawsuit Investigation *UPDATED*, CIM Real Estate Finance Trust, Secondary Market Sales, Cole REIT Complaints | CCPT IV Losses Updated July 17, 2020, Pacific Oak Strategic Opportunity REIT Securities Investigation, Sorrento Therapeutics Inc. Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in.
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