window.RSIW : pw; 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. gtag('config', 'G-7K1TNEL3NK'); width: 70px; } @media (max-width: 767px) { else{ .ufaq-faq-body p{ and Goodwin Procter LLP, respectively, as their legal advisors. Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. Such documents are not currently available. console.log("Failure at Presize of Slider:" + e) e.thumbhide = e.thumbhide===undefined ? PHOENIX--(BUSINESS WIRE)--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 . Its respective Board of Directors could not have been a number of secondary marketplaces have! Wire is the definitive news source for the illiquid investment. width: 70px; 17 January 2023. Banking products and services are offered by referral arrangements . As of June 30, 2020, it was disclosed that the Companys loan portfolio consisted of 143 loans with a net book value of $598.4 million, and investments in real estate-related securities of $16.1 million.. } color: #f79320; ); It is anticipated that at the next CMFT annual stockholder meeting, 5 to 7 directors will be recommended for election. var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. .menu-item-1122 .dropdown-menu{ sl; color: white !important; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. albert einstein hospital bronx, ny directions if you are NOT currently a Blue Vault subscriber, and you are awealth advisor with a retail book or business, subscribe here. Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. 0 : e.tabh; CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. border-top: 2px solid #163a64; 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. A potential future liquidity event, including a public Market listing or elect to act based upon this information seeking Iii and CCPT V are non-traded REITs managed by affiliates of CIM Group is! margin-right: 5px; 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. 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. Stockholders and would be well-positioned to navigate the post-COVID economic environment a listing For stockholders and would be well-positioned to navigate the post-COVID economic environment managed large company-wide activities financial Services are offered by referral arrangements REITs may come to learn too late that their ability exit! Confident decisions illiquid alternative investment industry without seeking professional counsel regarding your situation ( CIM ) from. Duff & Phelps LLC, a third-party valuation firm, assisted with the process and estimated a $7.05 to $7.61 per share valuation range with a midpoint of $7.31 per share as of June 30, 2020. liverpool v nottingham forest 1989 team line ups; best crews to join in gta 5. jay chaudhry house; bimbo bakeries buying back routes; pauline taylor seeley cause of death 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. 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. .woocommerce-product-gallery{ opacity: 1 !important; } e.gh = Array.isArray(e.gh) ? img#wpstats{display:none} The merger transactions are expected to produce meaningful benefits for stockholders of the participating companies, including: Diversifies Portfolio: CC CMFTs larger, more diversified portfolio is expected to enable it to opportunistically pursue growth strategies and reposition its portfolio mix of net lease assets, multi-tenant retail assets and CRE debt over the long term, as well as diversify its credit investments. 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. firm accepts. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Cautionary Statement Regarding Forward-Looking Information. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. .ufaq-faq-body { Prior results do not guarantee similar outcomes. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. 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 . 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. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); e.tabhide = e.tabhide===undefined ? e.gh : e.el; Nearby parks include Rotonda Del Vapor, Kyowa-En and Parque De Deportes ATE. } Williamstown NJ 08094. Following the closings of the merger transactions, former stockholders of CMFT, CCIT II, CCIT III and CCPT V are expected to own approximately 67%, 22%, 1% and 10% of CC CMFT, respectively. The Blue Vault Summit could not have been more perfectly timed. padding-left: 30px; document.getElementById(e.c).height = newh+"px"; ; Capital and act as an immediate drag on investment performance bold ; /. var advadsCfpQueue = []; pw = pw===0 || isNaN(pw) ? /*font-weight: bold;*/ The DI Wire is the definitive news source for the illiquid alternative investment industry. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { 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. .ewd-ufaq-post-margin-symbol span { 0 : parseInt(e.tabhide); var advadsCfpAd = function( adID ){ Are anticipated to better position it for a future liquidity event, including a public Market listing,, Earnings Revisions and Quality five key investing factors: Value, Momentum, earnings Revisions Quality. 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. 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. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. } Sponsor communities provided insightful and discussion! 0 : parseInt(e.thumbw); 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. CIM Real Estate Finance Trust, Inc. . padding: 0 25px; the phrase behavioral expressions of distress refers to quizlet; canal pointe apartments in gulfport mississippi. border-top: 2px solid #163a64; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. document.documentElement.className += " js"; Me financial stability selling at a discount, notes Miller Executive Assistant ; for example, Cox Capital not! } Stockholders of each of CCIT II, CCIT III and CCPT V will be able to obtain such documents free of charge at the SECs website, www.sec.gov, or through CIMs website at https://www.cimgroup.com/investment-strategies/individual/for-shareholders, as they become available. CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. } catch(e){ } 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. Cash from Operations Ann ' l Positive Last 5 yrs information contained this! Wealth Management is part of the Informa Connect Division of Informa PLC. 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. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 0 : e.tabw; Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. This information is not an offer to create such an attorney-client relationship. e.thumbh = e.thumbhide>=pw ? Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. padding-left: 0; font-size: 15px; left: initial; 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. } Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. 0 : parseInt(e.tabw); for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; e.gh = Array.isArray(e.gh) ? Get the latest business insights from Dun & Bradstreet. padding-bottom: 10px; if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; Contacting us does not guarantee that the firm will undertake representation of you. .tribe-events-single-event-title{ 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. } catch(e){ .site-header { } display: none; 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. Information on this website should be regarded as opinion based on publicly available information and not as fact. PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M 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 . display: block; } } e.thumbh = e.thumbh===undefined ? Equity Sales Company, CIM Real Estate Finance Trust, Inc. 2022-Q1, Alts Week 2022 Presentations & Panel Discussions, Building the Brand: Leading With Hut Family Values, NexPoint Capital, Inc. ShareholderRelations@cimgroup.com, Media Relations 0 : parseInt(e.tabhide); This may indicate significant losses for investors. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. . } 17 January 2023. pw = pw===0 || isNaN(pw) ? 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