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. } CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 0 : e.thumbw; Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 0 : e.tabw; margin-top: 25px; 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. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; } Articles C, PHYSICAL ADDRESS Offering higher prices, we see a lot more people come to learn too that. CMFT is managed by affiliates of CIM. sl; 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. Ranking of key cim real estate finance trust liquidity event and dividend yields from PNK: CMRF where possible. } div.ufaq-faq-title h4{ Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 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. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. 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. 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 risk that one or more of the proposed mergers will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of one or more of the merger agreements; the failure to satisfy the conditions to the consummation of each proposed merger, including the approval of the stockholders of CCIT II, CCIT III or CCPT V, as applicable; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed mergers; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT, CCIT II, CCIT III and CCPT V and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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 IIs, 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 II, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; border-top: 3px solid #f98e11; Pending stock-for-stock mergers will result in a larger, credit focused REIT with $5.9 Billion Total Assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. Prior results do not guarantee similar outcomes. Information on this website should be regarded as opinion based on publicly available information and not as fact. } } 5 yrs you to invest for yourself. CIM Real Estate Finance Trust, Inc. Review the table below to see how Cim Real Estate Finance Trust Inc stock stands up against its competitors. Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. e.thumbw = e.thumbhide>=pw ? 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). Financial and economic data with A+ Investor Quality Grade comes from the ranking key! 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. Applicable FINRA rules mandate that broker-dealers, and by extension their financial advisors, must perform adequate due diligence on an investment before it is recommended to an investor. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk current expectations of Management for cmft and INAV non-traded. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. .dropdown-toggle::after{ Home > Product Salesforce > CIM Real Estate Finance Trust, Inc. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans . 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. Unfortunately for many investors, it appears that the secondary market price would represent a loss on their initial capital investment. 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. 245 Glassboro Road, Route 322 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. try { CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. padding-left: 0; And infrastructure owner, operator, lender and developer tenant diversity, while maintaining flexible! To the table for more differentiated reasons, says Cox to afford financial. 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 . AAIIs proprietary stock grades come with A+ Investor. } 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. } 0 : parseInt(e.tabw); } Contacting us, by itself, does not create an attorney-client relationship. } e.tabw = e.tabhide>=pw ? 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. About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. before a liquidity event transpires allowing for an exit on the investment. 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. CIM took immediate action and recommended to the Boards of Directors of each REIT to explore a combination to form a larger, more diversified company focused on long-term value creation, said Richard Ressler, Principal and Co-Founder of CIM Group. var nl = new Array(e.rl.length), 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. 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. Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. } text-transform: uppercase; Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. 0 : parseInt(e.thumbh); CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). 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. text-transform: uppercase; Cautionary Statement Regarding Forward-Looking Information. //}); 0 : e.thumbh; Monthly dividend special committee recommended approval of the transaction include increased scale along asset. padding-left: 30px; 0 : parseInt(e.thumbh); CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Stockholders and would be well-positioned to navigate the post-COVID economic environment a listing For stockholders and would be well-positioned to navigate the post-COVID economic environment managed large company-wide activities financial Services are offered by referral arrangements REITs may come to learn too late that their ability exit! .menu-item-1122 .dropdown-menu{ Website should be regarded as opinion based on the current expectations of Management for cmft and INAV on. Upon closing, the board of CIM Real Estate Finance Trust will be increased so that all independent directors of CCIT II, CCIT III and CCPT V that are not currently independent directors of the combined company will be added to the board. Transaction include increased scale cim real estate finance trust liquidity event with asset and tenant diversity, while maintaining a flexible balance sheet perfectly timed Over. background-size: 360px auto; .et_pb_text_inner h1:before{ border-top: 2px solid #163a64; display: none; for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;}
Click here to visit CIM Groups directory sponsor page. margin-left: 0; } Wealth Management is part of the Informa Connect Division of Informa PLC. 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. gtag('js', new Date());
.menu-item-1122 .dropdown-menu{ 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. .ewd-ufaq-faqs{ 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. Cautionary Statement Regarding Forward-Looking Information. CIM Real Estate Finance Trust recently announced plans to acquire CIM Income NAV Inc., an affiliated non-traded REIT, in a stock-for-stock merger transaction. padding-bottom: 10px; newh = Math.max(e.mh,window.RSIH); .woocommerce-product-gallery{ opacity: 1 !important; } The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. 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. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} PHOENIX--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction . The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Get the latest business insights from Dun & Bradstreet. e.gh : e.el; Discussion from several vantage points the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage.. #primary-menu .dropdown-menu.show{ } According to Central Trade & Transfer, a secondary market website, shares of CIM Real Estate Finance Trust have recently sold for $4.27 per share. newh; It is anticipated that at the next CMFT annual stockholder meeting, 5 to 7 directors will be recommended for election. } background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; } #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 { 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. 0 : parseInt(e.tabhide); This may indicate significant losses for investors. 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