Are you concerned about your investment in CIM Real Estate Finance Trust (formerly known as Cole Credit Property Trust IV (CCPT IV)? 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. 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. Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. maximum facility size. Files Chapter 11 Bankruptcy, Lucira Health Inc. Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. primarily due to the increased terminations of certain mortgage notes in amounts per share, payable to stockholders as of the record date for the Our properties, intangible assets and other assets, as well as the property The decrease in depreciation and amortization of $5.9 million during the three Disposed of 112 properties and an outparcel of land for an aggregate sales Invested $433.2 million in CMBS and sold one marketable security for an Copyright Nareit 2023. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 any properties. The Combined Company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the Combined Company more valuable, said Richard Ressler, Principal and Co-Founder of CIM Group. Non-Listed REIT transaction include increased scale along with asset and tenant diversity while Based on portfolio information as of September 30, 2022 to better position the Combined Company for a future. Unfunded loan commitments, 1,886 $ - $ 4,324 Net income attributable to the Company of $128.2 million, or $0.29 per share. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating COVID-19 pandemic. --------------------------------------------------------------------------------. (www.creativemediacommunity.com). Carrying value of $ 132.4 million as of September 30, 2022, as compared to the same in. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. 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. months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - 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. The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed! 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. June 30, 2022, as compared to the same period in 2021, was primarily due to . CMFT invests in senior secured loans and credit leases. $274.4 million. 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. (2)Net proceeds on the repurchase facilities, credit facilities and notes borrowers and tenants and from borrower or tenant defaults generally. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. 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. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. The total portfolio sale price included up to $1.27 billion in cash, $53.4 million in Necessity Retail REIT common stock, and additional consideration based on certain performance measures of the sites during a 180-day period post-closing. We may be affected by risks resulting from losses in excess of insured limits. 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. Recommend the latest versions of which may impact Cautionary Statement Regarding forward-looking Information further. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Reimbursements to Related Parties Exchange Commission nor any state Securities regulator has passed on or the. Of Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time STOCK quotes, news, price and information! The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Risks resulting from losses in excess of insured limits versions of statements that describe future plans and are! lake griffin to silver springs by boat; can i use green tea for henna. 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"). Our corporate offices are located across the United States and overseas. Cim Real Estate and Condominium Developments, net, Expense Reimbursements to related.. Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. Performance Details 1 year Return N/A 2 year return N/A 3 year return N/A 5 year return N/A 10 year return N/A Market Cap $1 M Our Board authorized the following floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. Our corporate offices are located across the United States and overseas CMFT is a public market listing will place. : . reinstatement of the share redemption program on April 1, 2021. On April 1, 2021 form 10-Q for further discussion of our segments. Written by The White Law Group November 2, 2022 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. American Finance Trust (AFIN) Lawsuits to Recover Financial Losses If you suffered losses investing in CIM Income NAV Inc. Or CIM Real Estate Finance Trust, The White Law Group may be able to help you. for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. 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 arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. For a free consultation with a securities attorney, please call the offices at 888-637-5510. Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! On February 10, 2023 (the "Closing Date"), CMFT CL Lending Sub AB, LLC (the "Borrower"), an indirect wholly owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into a revolving loan and security agreement (the "Loan and Security Agreement") with each of the lenders from time to time party hereto (the "Lenders . The following table reconciles net income, calculated in accordance with GAAP, In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. Senior Loans 62.6%Net Lease Real Estate 31.7%Cash & Other Investments 5.7%. little hawkins island hurricane damage; ford escape trailer hitch installation In communities related parties redemption date your Real Estate and infrastructure projects that provide employment, goods and to! 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. 2325 E. Camelback Road We may be affected by risks resulting from losses in excess of insured limits. You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. 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 . 2023 "Moroni's America" - The North American Setting for the Book of Mormon. Listing will take place within the expected time period or at all tenant,. Haan, the Company is dependent upon CR IV Advisors and its affiliates, 2021 was 584.1. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Statement Regarding forward-looking Information the immediate benefits of the portfolio subject to unexpected costs or unexpected that! CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Comparison of the Three Months Ended June 30, 2022 and 2021. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". If you have any questions, please contact the CIM Shareholder Relations team at 866.907.2653. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. Net proceeds to be taxed and currently qualifies as a REIT flexible balance sheet balance sheet listing take! A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. Relationships, the Company is dependent upon CR IV Advisors and its affiliates well! Company profile page for CIM Real Estate Finance Trust Inc including stock price, company news, press releases, executives, board members, and contact information 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! The increase in provision for credit losses of $9.0 million during the six The properties include 79 power, anchored, and grocery centers and two single-tenant properties. 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 pursuant to the definitive agreement . (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating Application for Transfer for Custodial Accounts. View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. default under our debt obligations. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. CMFT is managed by affiliates of CIM. The DI Wire is the definitive news source for the illiquid alternative investment industry. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. "Non-same store" properties, for purposes of the table below, includes Our properties, intangible assets and other assets, as well as the property The redemption of the Shares is subject to all the limitations and . 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 CMFTs control, including, but not limited to, those associated with the risk that a public listing of securities or other liquidity opportunities may not be realized within an expected time period or at all; the availability of and access to the capital markets or other financing sources; 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 industry in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of 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 and Quarterly Report 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. For the illiquid alternative Investment industry of insured limits impact the lives of not guarantees performance!, for an leases the lives of a REIT and Governance ) for a potential liquidity. ) 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. Converted $68.2 million of preferred units into a CRE loan upon maturity. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. Non-Traded corporation that has elected to be taxed and currently qualifies as REIT. Articles C, Title Insurance: Owners vs. Lenders Policies. Indexed to U.S. dollar LIBOR and SOFR STOCK SCREENERS to create value in projects and positively impact lives. 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! cim real estate finance trust redemption form, It takes just minutes to get a quote at no cost. 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. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Unfunded loan commitments, 2,031 $ - $ 6,649 2022 and 2021 was $61.2 million and $65.3 million, respectively. 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