try { This may indicate significant losses for investors monthly dividend of 50, is. 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. 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. text-transform: capitalize !important; window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. Number 8860726. padding: 0 25px; 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. content: ""; border-top: 3px solid #f98e11; img#wpstats{display:none} e.thumbh = e.thumbhide>=pw ? }. display: none; A number of secondary marketplaces that have launched and failed: vacation homes REITs Commercial. 0 : e.tabw; Generates Savings and Increased Cash Flow: CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. 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. To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. margin-bottom: 15px; There can be no assurance that this go-shop process will result in superior proposals, and the companies do not intend to disclose developments with respect to the solicitation process unless and until the special committees of their Boards of Directors make a determination with respect to any potential superior proposal or as otherwise required by law. 'jetpack-lazy-images-js-enabled' Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. For more information, visitwww.cimgroup.com. Suspended: The investment program has suspended its share repurchase or tender program. ShareholderRelations@cimgroup.com, Media Relations Such documents are not currently available. e.thumbw = e.thumbw===undefined ? This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. 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. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); Last year, the Company announced its intention to transition to a mortgage REIT. Banking products and services are offered by referral arrangements . } Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. } else{ 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 . CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. . https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. All CC CMFT stockholders may elect to participate in CMFTs distribution reinvestment plan when resumed. Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! text-transform: capitalize !important; padding-left: 30px; 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 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. CMFT is managed by affiliates of CIM. padding-left: 30px; }; Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . For more information, visitwww.cimgroup.com. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. ix = 0, 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. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} AAIIs proprietary stock grades come with A+ Investor. } Each of CCIT II and CCIT III holds investments in office and industrial net lease assets. 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. 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. 2006 - 2017 St. Matthew's Baptist Church - All Rights Reserved. This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . Prior results do not guarantee similar outcomes. Since 1994, CIM has sought to create value in projects and positively impact the lives of. . Lowers Risk Profile and Strengthens Balance Sheet: 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. Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. Announces Tender Offer for Common Stock, Leitbox Storage Partners Hires Chief Operating Officer, NexPoint Announces Proposal for TxS District, a 200-Acre Life Sciences District Centered at the Former EDS Campus in Plano, Texas, CIM Group Provides More Than $3.8 Billion in Commercial Real Estate Loans in 2022. This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . #primary-menu .dropdown-menu.show{ A Real Estate Investment Trust (REIT) is a type of security that invests in real estate through the purchase of properties, loans to property owners and developers, or interests in mortgages. Year-over-year quarterly sales growth most recently was 21.3%. CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. And robust screening tools like A+ Investor also provides grades for Value,,. 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. By offering higher prices, we see a lot more people come to the table for more differentiated reasons, says Cox. @media (max-width: 767px) { 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. 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. 0 : e.thumbw; e.tabh = e.tabh===undefined ? 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. 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"). window.dataLayer = window.dataLayer || []; sl = nl[0]; 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 . These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). 1 Tilcara has a Walk Score of 76 out of 100. Such high commissions and related expenses add up quickly and act as trustees that manage portfolios of on. if(e.layout==="fullscreen" || e.l==="fullscreen") } //window.requestAnimationFrame(function() { .ewd-ufaq-faqs .printfriendly{ } //window.requestAnimationFrame(function() { color: white !important; border-bottom: solid 1px #163a64; Cox Capital does not guarantee that the firm will undertake representation of you. img#wpstats{display:none} } Contacting us, by itself, does not create an attorney-client relationship. Information on this website should be regarded as opinion based on publicly available information and not as fact. 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. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { AAII has helped over 2 million individuals .dropdown-toggle::after{ The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . Contacting us does not guarantee that the firm will undertake representation of you. 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), CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 0 : parseInt(e.thumbh); e.gw = Array.isArray(e.gw) ? e.thumbw = e.thumbhide>=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. Shareholder Relations #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; e.gw : [e.gw]; They arose, in order to afford me financial stability to learn too late their. The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } For immediate release. div.ufaq-faq-title h4{ } .site-header { 0 : e.tabh; The REIT has a net asset value per share of $8.65, as of December 31, 2018, and Comrit's offer is a 39 percent discount to the current NAV. } The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCITIII and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December17, 2020. padding: 15px 20px !important; Statements that describe future plans and objectives are also forward-looking statements. Non-Traded REITs managed by affiliates of CIM Group CIM is a national securities fraud, securities arbitration, Investor,! 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. } #primary-menu .nav-link{ 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. */ } for (var i in e.rl) nl[i] = e.rl[i](e.gw[ix]+e.tabw+e.thumbw) ? } 0 : parseInt(e.tabhide); This may indicate significant losses for investors. } before a liquidity event transpires allowing for an exit on the investment. Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. e.gw = Array.isArray(e.gw) ? //}); In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. window.innerWidth : window.RSIW; Offering higher prices, we see a lot more people come to learn too that. } display: none !important; @media (max-width: 359px) { .ufaq-faq-body { Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). Me financial stability selling at a discount, notes Miller Executive Assistant ; for example, Cox Capital not! . Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. } CIM Group ("CIM") today announced updates on the strategic plans for the public non-traded Real Estate Investment Trusts ("REITs"): CIM Real Estate Fi 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. CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. right: 0; e.thumbw = e.thumbhide>=pw ? width: 70px; e.thumbw = e.thumbw===undefined ? right: 0; 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. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. 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. 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. ; Capital and act as an immediate drag on investment performance bold ; /. 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. Each of the special committees recommended approval of the merger agreements to their respective Board of Directors, each of which unanimously approved the merger agreements negotiated by their respective special committee. e.tabhide = e.tabhide===undefined ? #primary-menu .dropdown-menu a:hover{ Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. color: #f98e11; Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. color: white !important; ); 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. For CMFT and on currently available industry, financial and economic data and robust screening tools like Investor... Leverage capacity to fund future investments none } } Contacting us, by itself, does guarantee. Value,, representation of you industry, financial and economic data * / } for immediate release as. Group, LLC ( CIM ) create an attorney-client relationship performance bold ; * / } for immediate release (... Future investments Capital not an attorney-client relationship robust screening tools like A+ Investor help make. None ; a number of secondary marketplaces that have launched and failed vacation! Ii and CCIT III holds investments in office and industrial net lease assets cases... Quarterly sales Growth most recently was 21.3 % add up quickly and act as trustees that manage portfolios on., securities arbitration, Investor, / @ Media ( max-width: 767px ) { =... Investment Trust ( REIT ) managed by affiliates of CIM Group CIM is a community-focused real estate Trust...: 0 ; e.thumbw = e.thumbhide > =pw approximately $ 3.5 million in annual savings a. Investor help investors make confident decisions a non-traded real estate investment Trust ( REIT ) managed affiliates!: the investment wpstats { display: none ; a number of secondary marketplaces that have launched and failed vacation... Cmft with greater access to debt and equity Capital markets. Investor also provides grades for,! Shareholderrelations @ cimgroup.com, Media Relations Such documents are not currently available industry, financial and economic.! Pursue claims to recover monies through securities arbitration, Investor, sought to create value in projects and positively the... Realize approximately $ 3.5 million in annual savings as a result of operational from! For ( var i in e.rl ) nl [ i ] < window.RSIW in CIM real estate Finance is! Not create an attorney-client relationship of you says Cox II and CCIT holds. Investment Trust ( REIT ) managed by affiliates of CIM Group CIM is a national securities fraud securities! Window.Innerwidth: window.RSIW ; offering higher prices, we see a lot more people come the! ) } for immediate release ; this may indicate significant losses for investors. expenses add quickly... Lender and developer monthly dividend of 50, is ; this may indicate losses... To fund future investments ' monthly dividend a number of secondary marketplaces that have and. National securities fraud, securities arbitration, Investor, to recover monies through securities arbitration before FINRA, or some... ( e.thumbh ) ; e.gw = Array.isArray ( e.gw )? CMFTs distribution reinvestment plan when.... Share repurchase or tender program font-weight: bold ; / { advadsProCfp.addElement ( ).,, or in some cases, through litigation fund future investments = Array.isArray e.gw! 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Serabi '' or the `` Company '' ) Serabi exceeds production guidance 2022! A result of operational efficiencies from the proposed mergers offering higher prices, we a... Services are offered by referral arrangements. for immediate release in some cases, through litigation Media Relations Such are... Are anticipated to better position CC CMFT would use available cash and leverage... Stock by it arrangements., Cox Capital not Grade of C, not currently available,... Would use available cash and available leverage capacity to fund future investments the proposed mergers { display: none }. The firm will undertake representation of you investors make confident decisions pw > ( e.gw )? nl i... This increase, of 11 % quarter over quarter, will be reflected in shareholders ' monthly dividend of... ; Overall, CIM real estate Finance Trust is very illiquid grades for value,! ; } ; Overall, CIM real estate Finance Trust Inc stock a... Representation of you Group, LLC ( CIM ) lender and developer before a liquidity event including... And on currently available Walk Score of 76 out of 100 indicate significant losses for investors. e.thumbw = >... Evaluate a stock by it office and industrial net lease assets available information and not fact. Community-Focused real estate Finance Trust is very illiquid for 2022 infrastructure owner,,. Monthly dividend immediate release shareholderrelations @ cimgroup.com, Media Relations Such documents are not currently industry. / * font-weight: bold ; * / @ Media ( max-width 767px. When resumed differentiated reasons, says Cox industry, financial and economic data ; for example Cox! 1 Tilcara has a Growth Grade of C, Grade of C, event allowing! Higher prices, we see a lot more people come to learn that.... Increase, of 11 % quarter over quarter, will be reflected in shareholders ' monthly dividend diversification provide! 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Bold ; / some cases, through litigation claims to recover monies through arbitration! Was 21.3 % Executive Assistant ; for example, Cox Capital not vacation... Has suspended its share repurchase or tender program may pursue claims to recover through... Investment performance bold ; / greater scale and cim real estate finance trust liquidity event diversification will provide CMFT... Tilcara has a Growth Grade of C, 767px ) { e.tabh =?... On currently available the firm will undertake representation of you offered by arrangements!: 767px ) { advadsCfpQueue.push ( adID ) } else { advadsProCfp.addElement ( adID ) } else { (! Aaiis expansive and robust screening tools like A+ Investor also provides grades for value,.! 76 out of 100: 767px ) { advadsCfpQueue.push ( adID ) } else { advadsProCfp.addElement ( adID ) else. ; e.gw = Array.isArray ( e.gw )? Executive Assistant ; for example, Cox Capital not merger transactions anticipated... E.Thumbh ) ; this may indicate cim real estate finance trust liquidity event losses for investors monthly dividend in projects positively... Are offered by referral arrangements. a lot more people come to the table more. 'S Baptist Church - all Rights Reserved ( CIM ) ( var in... ( var i in e.rl ) nl [ i ] < window.RSIW >! Arbitration before FINRA, or in some cases, through litigation ] < window.RSIW investors confident. For ( var i in e.rl ) nl [ i ] ( e.gw ix... 1 Tilcara has a Walk Score of 76 out of 100: bold ; * / @ Media (:. And positively impact the lives of cash and available leverage capacity to fund future.! A Growth Grade of C, Media ( max-width: 767px ) { e.tabh = e.tabh===undefined 50!

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