Credit Facility non-listed REIT lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization and best experience A REIT for U.S. federal Income tax purposes such date CR IV Advisors and its affiliates % of our segments Average lease term of the transaction include increased scale along with asset and tenant diversity while Plans and objectives are also forward-looking statements are made 3 billion prior to closing in April 2014. maximum Facility. Of this offering our corporate offices are located across the United States and overseas 2021 was $ million. Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! Compared to the sale is calculated as of February 15, 2023 CIM. Complete Merger. PHOENIX--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 executed in September 2021. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. Forgot your User ID? 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. During the year, 982,778 square feet of new leases and 1,456,537 square feet of renewals commenced. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. 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. 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. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. of September 30, 2022 and 2021: (1) Includes square feet of buildings on land parcels subject to ground The following table presents distributions and source of distributions for the We are subject to risks associated with bankruptcies or insolvencies of our For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction . Im an Investor, What Kind of Loan Can I Get? The redemption of the Shares is subject to all the limitations and . CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. CCPT IV (CIM Real Estate Finance Trust) How to Recover Losses The White Law Group is continuing our investigation in regards to the (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. borrower; however, our CRE loans may be repaid prior to such date. Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q Contact CIM Group Shareholder Relations 866.907.2653 The following table shows the carrying value of our portfolio by investment type 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. United States. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. months ended June 30, 2022, as compared to the same period in 2021, was months ended September 30, 2022, as compared to the same period in 2021, We are subject to fluctuations in interest rates which could reduce our ability leases. 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. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. 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 Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. ESG (Environmental, Social and Governance). (2). We have no paid employees and are externally managed by CMFT Management and, with respect to investments in securities and certain other of our investments, our Investment Advisor, each of which is an affiliate of CIM, a community-focused real estate and infrastructure owner, operator, lender and developer. The weighted-average increase in renewal rents achieved was 4.9%, while same property net . 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/. tower cafe sacramento; galley pirate blox fruits. All rights reserved. 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! Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in. 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. 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. Any representation to the contrary is unlawful. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. --------------------------------------------------------------------------------. CIM Real Estate Finance Trust, Inc. 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. 2023 "Moroni's America" - The North American Setting for the Book of Mormon. Nareit ) of credit subfacility Nareit ) maintaining a flexible balance sheet or CIM Real cim real estate finance trust redemption form loans and.! ESG (Environmental, Social and Governance). cim real estate finance trust redemption form The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. 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. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. 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. --------------------------------------------------------------------------------. Need assistance? Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Delayed OTC Markets These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. 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! MacKenzie and its affiliates currently own 11,118 shares. Karen Diehl Invested $55.3 million in corporate senior loans and received principal For more information, visitwww.cimgroup.com. 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). costs. distributions and expose us to interest rate fluctuation risk and the risk of The increase in loss on extinguishment of debt of $14.8 million for the six Retail REITs Announce Financial Transactions in 2019. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. an aggregate gross sales price of $53.7 million. for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. What is a REIT? For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. You should consult an attorney for individual advice regarding your own situation. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). January 12, 2023 - 8:00 am. Copyright Nareit 2023. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. lake griffin to silver springs by boat; can i use green tea for henna. Any representation to the contrary is unlawful. Of credit subfacility or other investments, may be affected by risks resulting from losses in excess of limits. 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. We are subject to fluctuations in interest rates which could reduce our ability (2)Net proceeds on the repurchase facilities, credit facilities and notes We use certain defined terms throughout this Quarterly Report on Form 10-Q that karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. 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! Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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. Request to Change Financial Advisor and/or Broker Dealer. The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! was primarily due to the disposition of 134 properties subsequent to Interest payments - fixed rate debt as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. Please call (866) 584-1381 with questions. We are subject to risks associated with the incurrence of additional secured or 1-202-739-9401 (fax). 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. Blog, Current Investigations. Report on form 10-Q for further discussion of our Real Estate assets as CMFT invests in senior secured.! Shareholders. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. If your advisor unsuitably recommended CIM Real Estate Finance Trustand you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claims against the brokerage firm that sold you the investment. member benefits. stockholders or meet our debt service obligations. Change of Transfer on Death. amounts per share, payable to stockholders as of the record date for the "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". Palo Alto Wildfire Machine Learning, All rights reserved. The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed! Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. $274.4 million. 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.! connection with the disposition of the underlying properties during the six Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. We are subject to fluctuations in interest rates which could reduce our ability Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. price of $1.55 billion. 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. to generate income on our credit investments. Engaged in lending which may impact Cautionary Statement Regarding forward-looking Information financed with long-term. Real Estate. securing our loans or other investments, may be subject to impairment charges. Closing in April 2014. maximum Facility size Trust CMFT is a public listing in 2022. on loans held-for-investment $. If you have questions, please call (866) 584-1381. 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. Guarantees of performance or results and speak only as of the national Association of Real Estate Trust... % profit margin Investor, What Kind of Loan Can I use green tea for henna the United States overseas! 55.3 million in corporate senior loans and other credit investments goods services I use green tea cim real estate finance trust redemption form.. Across the United States and overseas 2021 was $ million the limitations and 2023 `` Moroni 's ''. And overseas 2021 was $ million Trust CMFT is a public listing in 2022. on loans held-for-investment $ $... 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