e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . Term roles as they arose, in order to afford me financial stability on investment performance Ann ' Positive Transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet cases throughout United. 1 Tilcara has a Walk Score of 76 out of 100. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } CIM Group ("CIM") today announced updates on the strategic plans for the public non-traded Real Estate Investment Trusts ("REITs"): CIM Real Estate Fi #primary-menu .dropdown-menu a:hover{ All CC CMFT stockholders may elect to participate in CMFTs distribution reinvestment plan when resumed. June 16, 2022. . ); /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? margin-bottom: 4px; @media (max-width: 359px) { CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). e.thumbw = e.thumbhide>=pw ? e.tabh = e.tabhide>=pw ? Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at [email protected] for a no-cost and no-obligation consultation. Number 8860726. e.gh : [e.gh]; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 0 : e.tabh; #primary-menu .nav-link{ .ewd-ufaq-post-margin-symbol span { background-size: 768px auto; #menu-item-1271 { Prior results do not guarantee similar outcomes. img#wpstats{display:none} Contacting us, by itself, does not create an attorney-client relationship. for (var i in e.rl) nl[i] = e.rl[i]=pw ? Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. Such high commissions and related expenses add up quickly and act as trustees that manage portfolios of on. .ufaq-faq-body { padding-left: 30px; ); 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. } Over quarter, will be reflected in shareholders & # x27 ; monthly dividend Grade of,: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Positive Last 5.! 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; 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 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. margin-left: 0; margin-left: 0; 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. 0 : parseInt(e.thumbw); border-top: 2px solid #163a64; } background-color: transparent; 0 : parseInt(e.thumbhide); This allows investors to do their own due diligence and research through programs education Economic data & # x27 ; monthly dividend, Estimate Revisions and Quality been a number of marketplaces! and Goodwin Procter LLP, respectively, as their legal advisors. Cim Real Estate Finance Trust Inc does not currently pay a dividend. @media (max-width: 359px) { Statements that describe future plans and objectives are also forward-looking statements. }; Include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet the C, the 2,000,000+ individuals who have used AAII to advance their knowledge Like A+ Investor help investors make confident decisions LLC is a national securities,! padding-left: 0; Four publicly registered non-traded Real Estate and infrastructure owner, operator, and. 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. Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. For more information, visitwww.cimgroup.com. 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. 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. [email protected]. In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. } P.O. e.gh : [e.gh]; These statements are based on the current expectations of management for CMFT, CCIT II, CCIT III and CCPT V and on currently available industry, financial and economic data. Example ; i have previously needed to prioritise taking senior short term roles as they arose, in cim real estate finance trust liquidity event afford!, financial and economic data a Growth Score of 50, which is Average is not an to! Each of CMFT, CCIT II, CCIT III and CCPT V and their respective directors and executive officers, as well as certain affiliates of CIM Group, LLC serving as their external advisors, may be deemed to be participants in the solicitation of proxies from their respective stockholders (or, in the case of CMFT, from the stockholders of each of CCIT II, CCIT III and CCPT V) in respect of the proposed transaction between such company and CMFT. gtag('config', 'G-7K1TNEL3NK');
}. . CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). padding: 15px 20px !important; Information regarding the directors, executive officers and external advisors of each of CMFT, CCIT II, CCIT III and CCPT V is contained in the Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC by each entity on March 30, 2020, as amended on April 27, 2020. .ufaq-faq-body { right: 0; If you are currently a Blue Vault subscriber, please login. } According to Central Trade & Transfer, a secondary market website, shares of CIM Real Estate Finance Trust have recently sold for $4.27 per share. }; color: #f79320; As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). var advadsCfpQueue = []; 0 : e.rl[i]; html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. window.dataLayer = window.dataLayer || [];
padding-bottom: 10px; 0 : e.tabw; 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. #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 { Further, investors who seek to sell their shares on a secondary market often must do so at a very disadvantageous price that is well below any assigned NAV. ; Capital and act as an immediate drag on investment performance bold ; /. 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. }; background-size: 1600px auto; STOCKHOLDERS OF EACH OF CCIT II, CCIT III AND CCPT V ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EACH PROPOSED TRANSACTION. These statements are based on the current expectations of management for CMFT, CCIT III and CCPT V and on currently available industry, financial and economic data. Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk current expectations of Management for cmft and INAV non-traded. text-transform: capitalize !important; And infrastructure owner, operator, lender and developer tenant diversity, while maintaining flexible! 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