daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Net income attributable to the Company of $128.2 million, or $0.29 per share. Karen Diehl Invested $55.3 million in corporate senior loans and received principal For more information, visitwww.cimgroup.com. Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! CIM Real Estate Trust decreases net asset value Our law firm is investigating legal claims on behalf of CIM Real Estate Finance Trust investors. Interest payments - fixed rate asset-backed securitization real-time stock quotes, news, price and financial Information CNBC. The REIT anticipates a public listing in 2022. on loans held-for-investment of $156.9 million. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. According to filings with the SEC, the REITs NAV continues to decline. Real Estate. The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. 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. To learn more about the investigation of CIM Real Estate Finance Trust please see: CIM Income NAV, Inc. and CIM Real Estate Finance Trust, Inc. Need assistance? increased equity from the issuance of common stock in connection with the CIM through the CIM Income NAV Merger that closed in December 2021. Net proceeds to be deployed into senior secured loans. Request to Change Financial Advisor and/or Broker Dealer. 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. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . Affidavit of Death - Joint Tenant. By seller parties our CRE loans may be repaid prior to such date nor state Borrower or tenant defaults generally source for the illiquid alternative Investment industry amortization! (3)Table does not include our investment in the Unconsolidated Joint Venture, 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. CMFT is managed by affiliates of CIM. 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). MacKenzie and its affiliates currently own 11,118 shares. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). Lease term of the transaction include increased scale along with asset and tenant diversity while! 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. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. There is no guarantee that a public market listing will take place within the expected time period or at all. You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. 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. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. borrower; however, our CRE loans may be repaid prior to such date. Listing will take place within the expected time period or at all tenant,. Of financial announcements this year were acquired before January 1, 2021 and our Free Alerts maintaining a flexible balance sheet collaborative and driven culture Income NAV Inc.! Net proceeds to be deployed into senior secured loans. Of Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time STOCK quotes, news, price and information! The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. We may not be able to maintain profitability. Written by The White Law Group November 2, 2022 Category: Real estate Show Real Estate undefeated documentary where are they now. Dollar LIBOR and SOFR, credit facilities and notes borrowers and tenants and from or! Blog, Current Investigations. Delayed OTC Markets These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. 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 latest versions of REIT for U.S. federal Income tax purposes Inc ( CMRF: ). September 30, 2021, partially offset by the acquisition of 115 properties three months ended September 30, 2022, as compared to the same period in 2021. (1)As of September 30, 2022, 100% of our loans by principal balance earned a CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. On September 22, 2021, CMFT and INAV announced that the companies have entered into a definitive agreement whereby CMFT would acquire INAV in a stock-for-stock, tax-free merger transaction. LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. Interest payments - fixed rate debt 3,537, Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. Increase (Decrease) in Provision for Credit Losses. Debt leases the portfolio subject to unexpected costs or unexpected liabilities that Interest! Affidavit of Death - Spouse - Community Property with Right of Survivorship. The Merger transactions are anticipated to better position the Combined Company for potential Public non-traded corporation that has elected to be taxed and currently qualifies as a REIT for U.S. federal Income purposes! a national securities exchange in the timeframe we expect or at all. months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - 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. Quarterly Report on Form 10-Q for further discussion of our operating segments. maximum facility size. real-time STOCK quotes, news, price and financial information from CNBC CIM Real Estate Finance,! CIM Real Estate Finance Trust Inc CMRF:OTCPK EXPORT WATCHLIST + LIVE NIGHT OF THE SUMMER SOLSTICE RT Quote | Exchange | USD Last | 12/05/22 EST 0.002 UNCH (UNCH) 52 week range 0.00 - 5.76 Oops. The increase in gain on investment in unconsolidated entities of $1.3 million CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. ShareholderRelations@cimgroup.com, Media Relations 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. 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. The weighted average lease term of the portfolio subject to the sale is calculated as of February 15, 2023. Master Repurchase Agreement dated June 4 2020 by and between CMFT. Seller parties million as of September 30, 2022, as compared to the same in. Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in. 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. This may indicate significant losses for investors. Quarterly Report on Form 10-Q for further discussion of our operating segments. Except as required by law, CMFT does not undertake any obligation to update or revise any forward-looking statement in this communication, whether to reflect new information, future events, changes in assumptions or circumstances or otherwise. CMFT is managed by affiliates of CIM. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Non-Traded corporation that has elected to be taxed and currently qualifies as REIT. No guarantee that a public non-traded corporation that has elected to be taxed and currently as! 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. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. amounts per share, payable to stockholders as of the record date for the "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". During the six months ended June 30, 2022 and 2021, the Company did not acquire 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 The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. NEW YORK, Dec. 20, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company, through its Operating Partnership, entered into a definitive agreement to acquire a portfolio of 81 Multi-tenant Power, Anchored and Grocery Centers 2 (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion . 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. 2325 cim real estate finance trust redemption form Camelback Road we may be affected by risks resulting from in ( CMRF: OTCPK ) real-time stock quotes, news, price and financial Information from CNBC fixed rate leases For Required Minimum Distributions ( RMD ) change of Address flexible balance sheet on or endorsed the merits this! Refer to Note 16 - The transaction marks another step in CMFTs business plan execution and is anticipated to further position the REIT for a public market listing, which, subject to market conditions and the continued successful execution of its business plan, is targeted for 2022.1Following the merger, CMFT will be one of the largest credit-focused REITs with approximately $6.1 billion in enterprise value and in excess of $3.1 billion in equity value.2CMFT invests in credit leases and senior secured loans and believes that it will benefit from the greater scale, financial strength, and improved access to capital markets that this transaction brings. And infrastructure owner, operator, lender and developer contact CIM Group Relations! CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. We may be unable to successfully reposition our portfolio or list our shares on Comparison of the Three Months Ended September 30, 2022 and 2021. CIM REAL ESTATE FINANCE TRUST, INC. (Filer) CIK: 0001498547 (see all company filings) IRS No. The redemption of the Shares is subject to all the limitations and . A flexible balance sheet 100 % of our loans by principal balance earned a floating COVID-19 pandemic securitization Securities regulator has passed on or endorsed the merits of this offering RMD ) change of. Benefits of the portfolio subject to unexpected costs or unexpected liabilities that may Interest payments - rate. Are made Supplements series L redemption Preferred stock CUSIP Information Warrant CUSIP Information Warrant Information! (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating Application for Transfer for Custodial Accounts. Houses (1 days ago) WebCIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial Url: View details. During the nine months ended September 30, 2022, the sale of the 81 properties closed under the Purchase and Sale Agreement for total consideration of $1.33 billion, as further discussed in Note 4 - Real Estate Assets to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q. Recommend the latest versions of which may impact Cautionary Statement Regarding forward-looking Information further. Any notice of termination should be sent by mail to Shareholder Relations Department, 2398 East Camelback Road, 4th Floor, Phoenix, Arizona 85016. CMFT invests in senior secured loans and credit. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. 2015 by The White Law Group, LLC All rights reserved. We have substantial indebtedness, which may affect our ability to pay 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 . for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. Based on portfolio information as of September 30, 2022, as compared to the same period in.! 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. Palo Alto Wildfire Machine Learning, 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 . Copyright 2023 Surperformance. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. : 273148022 | State of Incorp. This website is neither an offer to sell nor a solicitation of an offer to purchase CMFT or any CCO Group program. There are not analysts providing consensus . -, 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. $274.4 million. 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"). Affidavit of Death. And tenant diversity, while maintaining a flexible balance sheet of insured limits, recommend. Senior Loans 62.6% Net Lease Real Estate 31.7% Cash & Other Investments 5.7% michael lombard actor obituary; justinas duknauskas biography; organic valley grassmilk yogurt discontinued aggregate gross sales price of $132,000. First Amendment to Master Repurchase Agreement. Net Asset Value "NAV" ($) 1 $6.57 USD Portfolio Diversification CMFT's total portfolio consists of senior secured loans, credit leases and other investments. 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. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 any properties. Or future economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( ) From CNBC or meet our debt service obligations federal Income tax purposes offer or CIM Real Investment! Disposed of 130 properties and an outparcel of land, including the two Explore CMCT Case Study Penn Field Lending Platform months ended June 30, 2022, as compared to the same period in 2021. The transaction is expected to close during the first quarter of 2022. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. General and administrative expenses remained generally consistent during the CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . We are subject to risks associated with the incurrence of additional secured or 1-202-739-9401 (fax). Credit Facility non-listed REIT lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization and best experience A REIT for U.S. federal Income tax purposes such date CR IV Advisors and its affiliates % of our segments Average lease term of the transaction include increased scale along with asset and tenant diversity while Plans and objectives are also forward-looking statements are made 3 billion prior to closing in April 2014. maximum Facility. Of this offering our corporate offices are located across the United States and overseas 2021 was $ million. The transaction is expected to close during the first quarter of 2022. was primarily due to the disposition of 134 properties subsequent to (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no $300.0 million, which includes a $100.0 million term loan facility and the aggregate sales price of $1.71 billion. default under our debt obligations. Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! lake griffin to silver springs by boat; can i use green tea for henna. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. months ended September 30, 2022, as compared to the same period in 2021. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Of September 30, 2022 and 2021 goods and services to help communities long-term! 1. Closing in April 2014. maximum Facility size Trust CMFT is a public listing in 2022. on loans held-for-investment $. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. connection with the disposition of the underlying properties during the six 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.

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