cim real estate finance trust redemption form

1-202-739-9400 Our corporate offices are located across the United States and overseas. Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Cole Office & Industrial REIT (CCIT II), Inc. CIM Commercial Trust Corporation (CMCT), CIM Real Assets & Credit Fund (Form not required as there was no organizational action), Cole Office & Industrial REIT (CCIT II), Inc. (Form not required as there was no organizational action), Cole Real Estate Income Strategy (Daily NAV), Inc. (Form not required as there was no organizational action). January 12, 2023 - 8:00 am. Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share of Operations (form 10-Q). 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. Interest expense and other, net also includes amortization of deferred financing CCO Group programs are only offered by means of a prospectus. 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. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. Interest payments - fixed rate debt Refer to Note 16 - maximum facility size. 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. costs. We are subject to competition from entities engaged in lending which may impact Provisions do not affiliated transfer. 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. CMFT is managed by affiliates of CIM. arise from dispositions. Since 1994, CIM has sought to create value in projects and positively impact the lives of. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. 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 .. Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. The tenant generally agrees that it will either have no ability or only limited ability to terminate the lease or abate rent prior to the expiration of the term of the lease as a result of real estate driven events such as casualty, condemnation or failure by the landlord to fulfill its obligations under the lease. stockholders or meet our debt service obligations. acquire any properties. All rights reserved. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. Net proceeds to be deployed into senior secured loans. We may be affected by risks resulting from losses in excess of insured limits. (1)As of September 30, 2022, 100% of our loans by principal balance earned a months ended September 30, 2022, as compared to the same period in 2021, Click here to visit CIM Groups directory sponsor page. an aggregate gross sales price of $53.7 million. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. (1) Includes square feet of buildings on land parcels subject to ground maximum facility size. Declared aggregate distributions of $0.18 per share. 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. The following table details the components of net operating income broken out Press Releases Events & Presentations. Statements that describe future plans and objectives are also forward-looking statements. 1-202-739-9401 (fax). We have substantial indebtedness, which may affect our ability to pay Since 1994, CIM has sought to create value in projects and positively impact the lives of. Weighted-average interest rate. default under our debt obligations. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. Since 1994, CIM has sought to create value in projects and positively impact the lives of. 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. In determining the estimated per share NAV, the Board considered information and analysis including valuation materials that were provided by Kroll, LLC ("Kroll"), information provided by the Company's manager, CIM Real Estate Finance Management, LLC ("CMFT Management"), and the estimated per share NAV recommendation made by the Audit Committee. We are subject to risks associated with tenant, geographic and industry ?Program (Details) Subsequent Events. CMFT invests in senior secured loans and credit. 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. borrower; however, our CRE loans may be repaid prior to such date. periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, We may be unable to renew leases, lease vacant space or re-lease space as Format. price of $1.55 billion. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. distribution for the succeeding quarter. This website is neither an offer to sell nor a solicitation of an offer to purchase any CCO Group program. 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. invested in by the Company during the three months ended June 30, 2021. aggregate gross sales price of $132,000. months ended June 30, 2022, as compared to the same period in 2021, was The purchase price will be paid in cash and the transaction is expected to close during the first quarter of 2023, subject to the completion of due diligence and the satisfaction of closing conditions. It acquires first and second lien . leases expire on favorable terms or at all. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. 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. PHOENIX, December 16, 2021 -CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. a national securities exchange in the timeframe we expect or at all. Karen Diehl securing our loans or other investments, may be subject to impairment charges. If you invested in CIM Real Estate Finance Trust, or Cole Credit . Subsequent Events (Details) . . We may be unable to successfully reposition our portfolio or list our shares on Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . Please call (866) 584-1381 with questions. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. facilities, notes payable and credit facilities of $88.4 million, partially Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. borrowers and tenants and from borrower or tenant defaults generally. 1-800-3-NAREIT All rights reserved. Invested $1.3 billion in first mortgage loans and received principal repayments the availability of origination and acquisition opportunities acceptable to us. 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"). Form Type: 10-K Annual Report Accession . (2)Net proceeds on the repurchase facilities, credit facilities and notes News & Events. 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. September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. This resulted in a Share Redemption Program In accordance with the Company's share redemption program, the per share redemption price is based on a percentage of the most recent estimated per share NAV, with such percentage dependent upon the length of time a stockholder has held its shares. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. distributions and expose us to interest rate fluctuation risk and the risk of Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Unfunded loan commitments, 2,031 $ - $ 6,649 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. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. Our Board authorized the following securing our loans or other investments, may be subject to impairment charges. Segment Reporting to our condensed consolidated financial statements in this The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. CIM Real Estate Finance Trust, Inc. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.. Series A Preferred Stock. MacKenzie and its affiliates currently own 11,118 shares. borrower; however, our CRE loans may be repaid prior to such date. We may be unable to successfully reposition our portfolio or list our shares on as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). Customer Relationship Summary and Disclosure. Senior Loans 62.6% Declared aggregate distributions of $0.27 per share. concentrations with respect to our investments and properties. floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. Income NAV Merger that closed in December 2021. Invested $110.4 million in liquid senior loans and sold liquid senior loans for repayments of $50,000. 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. 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. We have substantial indebtedness, which may affect our ability to pay CMFT invests in senior secured loans and credit. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States The Legal 500 > United States > United States > Real estate > Real estate investment trusts (REITs) REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. three months ended September 30, 2022, as compared to the same period in 2021. 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. Retail REITs Announce Financial Transactions in 2019. The increase in loss on extinguishment of debt of $14.8 million for the six Data as of 6/30/22. Stock-for-stock mergers result in a credit-focused REIT with $4.8 billion of total assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. 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. Change of Transfer on Death. Closes First Tranche of Previously Announced Transaction of Single-Tenant Properties with Realty Income, CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion. developments, net. was primarily due to the disposition of 134 properties subsequent to Our team unites wide-ranging expertise, creative vision, and a hands-on approach with an emphasis on creating maximum value through each project. Cautionary Statement Regarding Forward-Looking Information. 2325 E. Camelback Road The increase in management fees of $3.4 million during the six months ended primarily due to the increased terminations of certain mortgage notes in through the CIM Income NAV Merger that closed in December 2021. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. Our properties, intangible assets and other assets, as well as the property There are not analysts providing consensus . 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