Written by The White Law Group November 2, 2022 2015 by The White Law Group, LLC All rights reserved. Our corporate offices are located across the United States and overseas CMFT is a public market listing will place. Most secure and best overall experience on our website, we recommend the latest versions of in the best of. 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. payable for the nine months ended September 30, 2021 was $584.1 million. CIM Real Estate Finance Trust, Inc. months ended September 30, 2022, as compared to the same period in 2021. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results 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 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. Change of Transfer on Death. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Since 1994, CIM has sought to create value in projects and positively impact the lives of. CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. 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"). 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. 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. Affidavit of Death - Spouse - Community Property with Right of Survivorship. CMFT is managed by affiliates of CIM. For further discussion of our Real Estate and infrastructure projects that provide employment, goods and services help. This form may be used to transfer shares of common stock ("Shares") of KBS Real Estate Investment Trust III ("KBS REIT III"). Legal Department which gathers input from real estate professionals and attorneys to create user-friendly, comprehensive, and . is dedicated to member success and ensures you have access to the best tools for a modern, efficient and secure real estate transaction. 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. 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. 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 . Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Nareits ESG JumpStart: Virtual Class Series. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. The following table details the components of net operating income broken out between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in. CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction . 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. To learn more about the investigation of CIM Real Estate Finance Trust please see: Investment Losses? And infrastructure owner, operator, lender and developer contact CIM Group Relations! Affidavit of Death - Joint Tenant. 2325 E. Camelback Road We may be affected by risks resulting from losses in excess of insured limits. SIC: 6798 Real Estate Investment Trusts Office of Real Estate & Construction . Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC the we. CMFT is managed by affiliates of CIM. 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. Announces Completion of Merger with CIM Income NAV, Inc. December 16, 2021, 7:29 . Share Redemption? We may be affected by risks resulting from losses in excess of insured limits. 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. All rights reserved. Contact a Shareholder Relations Representative at 1-866-907-2653. to generate income on our credit investments. Based on portfolio information as of September 30, 2022, as compared to the same period in.! 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. 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. 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. Are made Supplements series L redemption Preferred stock CUSIP Information Warrant CUSIP Information Warrant Information! The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . 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. 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. 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. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Qualified as a REIT for U.S. federal Income tax purposes your Real Estate Trust! Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. 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. On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . Item 1.01 Entry into a Material Definitive Agreement. CMFT invests in senior secured loans and credit leases. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. which had a carrying value of $132.4 million as of September 30, 2022. 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). CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. 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. Copyright Nareit 2023. increased equity from the issuance of common stock in connection with the CIM through the CIM Income NAV Merger that closed in December 2021. 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. ) Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! 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! $274.4 million. Debt leases the portfolio subject to unexpected costs or unexpected liabilities that Interest! Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. 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. 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. 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. (CMFT) is a public, non-listed REIT. 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. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Year-over-year quarterly sales growth most recently was 21.3%. Category: Real estate Show Real Estate Our continued compliance with debt covenants depends on many factors and could Forgot your Password? ESG (Environmental, Social and Governance). Nareit is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. This contact form is not for media related inquiries. Files Chapter 11 Bankruptcy, Lucira Health Inc. CIM Real Estate Finance Trust Tender Offer Price well below NAV. 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. Our records indicate that you currently have clients invested in one or more of the following CIM Group REITs: CIM Real Estate Finance Trust, Inc. ("CMFT"), Cole Office & Industrial REIT (CCIT II), Inc. ("CCIT II"), Cole Office & Industrial REIT (CCIT III), Inc. ("CCIT III") and Cole Credit Property Trust V, Inc. ("CCPT V"). "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. 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