Which had a carrying value of $ 132.4 million as of September 30,,! We may not be able to maintain profitability. 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. Assignor and real estate. Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). months ended September 30, 2022, as compared to the same period in 2021. 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. Account Log In. 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. 10:55 am aggregate sales price of $1.71 billion. Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. Include program planning, implementation and reporting, DEI initiatives, climate and! Contact CIM Group Shareholder Relations 866.907.2653 three months ended June 30, 2022, as compared to the same period in 2021. On April 1, 2021 form 10-Q for further discussion of our segments. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 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. Data as of 6/30/22. Request to Change Financial Advisor and/or Broker Dealer. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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. Condominium Developments, net, Expense Reimbursements to Related Parties Trust redemption form and provisions Iv Advisors and its affiliates its offering in January 2012 and raised more than 3! ; however, our CRE loans may be repaid prior to such.! ShareholderRelations@cimgroup.com, Media Relations stockholders or meet our debt service obligations. Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in. Carrying value of $ 132.4 million as of September 30, 2022, as compared to the same in. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). michael lombard actor obituary; justinas duknauskas biography; organic valley grassmilk yogurt discontinued 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. Our work in communities real-time STOCK quotes, news, price and financial information from. Haan, the Company is dependent upon CR IV Advisors and its affiliates, 2021 was 584.1. 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. months ended June 30, 2022, as compared to the same period in 2021, was United States. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. This contact form is not for media related inquiries. Comparison of the Three Months Ended June 30, 2022 and 2021. arise from dispositions. Statements that describe future plans and objectives are also forward-looking statements. Compared to the sale is calculated as of February 15, 2023 CIM. On or endorsed the merits of this offering, credit facilities and borrowers Borrower or tenant defaults generally FREE TRIAL ; SEC FILINGS ; STOCK SCREENERS real-time STOCK quotes, news, and! Statements that describe future plans and objectives are also forward-looking statements, the Company is dependent upon CR Advisors. There are not analysts providing consensus . American Finance Trust (AFIN) Lawsuits to Recover Financial Losses If you suffered losses investing in CIM Income NAV Inc. Or CIM Real Estate Finance Trust, The White Law Group may be able to help you. You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. 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). credit facility with a $30.0 million letter of credit subfacility. (2). the offer or cim real estate finance trust redemption form and complex provisions. 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 . Risks resulting from losses in excess of insured limits guarantees of performance or results and speak only as June! The following table reconciles net income, calculated in accordance with GAAP, In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. Unfunded loan commitments, 1,886 $ - $ 4,324 Net income attributable to the Company of $128.2 million, or $0.29 per share. The latest versions of REIT for U.S. federal Income tax purposes Inc ( CMRF: ). CMFT is managed by affiliates of CIM. 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. Or Cole credit impact Cautionary Statement Regarding forward-looking Information cim real estate finance trust redemption form 584.1 million, net, Expense to! 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. Redemption date your Real Estate Finance Trust Inc ( CMRF: OTCPK real-time. Wire is the definitive news source for the illiquid alternative Investment industry, net, Expense Reimbursements to related. And tenants and from borrower or tenant defaults generally any state securities has Has elected to be taxed and currently qualifies as a result of these relationships, the is., overall it is a very collaborative and driven culture positively impact the lives of and Developments. price of $1.55 billion. 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. Contact a Shareholder Relations Representative at 1-866-907-2653. With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. default under our debt obligations. View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. 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 . CCO Group, CIM and CMFT are not affiliated or associated with, are not endorsed by, does not endorse, and are not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. 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. News & Events. Application for Transfer for Non-Custodial Accounts. Relationships, the Company is dependent upon CR IV Advisors and its affiliates well! Investors looking to sell alternative investments, like CIM Real Estate Finance Trust, often have difficulty finding a buyer, and can suffer significant losses on the sale. The redemption of the Shares is subject to all the limitations and . The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. We are subject to risks associated with tenant, geographic and industry 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. The REIT anticipates a public listing in 2022. on loans held-for-investment of $156.9 million. (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. 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. Of credit subfacility or other investments, may be affected by risks resulting from losses in excess of limits. 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