As of June 30, 2020, the proposed combined companys asset mix was approximately 38 percent retail net lease, 28 percent multi-tenant retail, 20 percent office net lease, 11 percent loans, and 3 percent industrial net lease. newh; CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. 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. 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 . margin-right: 5px; 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. Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. In addition to their illiquidity, non-traded REITs like CIM Real Estate Finance Trust usually have high up-front commissions and fees, as well as fees for due diligence and other related administrative expenses. As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in CIM to retail investors nationwide. Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. } catch(e){ Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. market. window.RSIH = window.RSIH===undefined ? However, one drawback of those structures has always been that investors have few options to get capital out if they need an early exit, which has fueled a practice, mini-tender offers, that some critics view as predatory. 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. } Kindly share this postIt was a night of glowing tributes for the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, as Forbes Magazine recognised him as Best of Africa Outstanding Corporate Governance CEO Award, 2022. 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. INAV is a public, non-traded corporation that has elected to be taxed and currently qualifies as a REIT. January 18, 2023. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Cim Real Estate Finance Trust Incs trailing 12-month revenue is $408.0 million with a 28.7% profit margin. img#wpstats{display:none} The company expects to use the available cash and leverage capacity to fund future investments. The attorneys at Giarrusso Law Group LLC have extensive experience in handling claims on behalf of investors in non-traded REITs, as well as other complex and illiquid investment products. } . CIM Real Estate Finance Trust Inc. (CMFT), Cole Office & Industrial REIT Inc. (CCIT II), Cole Office & Industrial REIT Inc. (CCIT III), and Cole Credit Property Trust V Inc. (CCPT V), four publicly registered non-traded real estate investment trusts sponsored by affiliates of CIM Group, have agreed to merge in separate stock-for-stock transactions, with CIM Real Estate Finance Trust as the surviving entity. Stocks, bonds and mutual funds are offered through Manulife Securities Incorporated. Wealth Management is part of the Informa Connect Division of Informa PLC. Cim Real Estate Finance Trust Inc has a Growth Score of 50, which is Average. As of June 30, 2020, the pro forma limited near-term debt maturities and net leverage of the proposed combined company was approximately 39 percent, along with substantial cash on its balance sheet, according to the company. AAIIs A+ Investor Quality Grade comes from the ranking of key metrics. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. sl = nl[0]; 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. Path to Liquidity:The merger transaction is one more step in the execution of CMFTs business plan and is anticipated to better position CC CMFT for a public market listing, which, subject to market conditions, is expected to occur in 2022.2. 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. CFA Level 1 Preparatory Course Managing People in Organisations 1 10 14 134 for Economics 1 5 15 75 Marketing, Sales & Customer Service 1 10 15 144 CFA Level 1 Preparatory Course for Introduction to Economics 1 10 8 77 Quantitative Methods 1 5 13 65 Structure of Accounts 2 20 18 173 Commercial Loan Documentation 1 5 12 60 Management and . It believes that there is significant latent value within SIGT's portfolio, and due to wide disparities in the market, there are . 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 such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company 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, CCIT IIIs and CCPT Vs most recent Annual Reports 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, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website,www.sec.gov. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . 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. Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. Unlike stocks or ETFs, which can be readily sold and resold on a deep and liquid national securities exchange, an investment in a non-traded REIT such as CIM Real Estate Finance Trust cannot be easily exited. For each share of common stock, CCIT II, CCIT III and CCPT V stockholders would receive, 1.501,1.093 and 2.691 shares of CIM Real Estate Finance Trust common stock, respectively, which is valued at approximately $10.97 per CCIT II share, $7.99 per CCIT III share and $19.67 per CCPT V share, based on CIM Real Estate Finance Trusts most recently estimated net asset value per share of $7.31. The portfolio . 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.. Some of the crowdfunding sites, such as Cadre, also have a secondary market for investors. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. }; Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. } In connection with the proposed merger, CMFT intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of INAV and will also constitute a prospectus of CMFT. most likely to outperform the In the same vein, the interest rate on savings accounts was . 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. . The pro forma combined . 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. 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. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Suspended: The investment program has suspended its share repurchase or tender program. font-size: 15px; CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). This transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including INAV stockholder approval. Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. Both CMFT and INAV and their 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 shareholders (or, in the case of CMFT, from the stockholders of INAV) in respect of the proposed merger between INAV and CMFT. Generally, we think the model, or, more specifically, the discounts MacKenzie tends to offer while leveraging the third-party tender offer model, are predatory, agrees John Cox, founder and CEO of Cox Capital Partners, an investment management firm specializing in alternative asset management strategies and secondary market liquidity solutions. This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. This represents a decrease from the previous NAV of $7.31 per share. Financial System Trends: The Monetary Policy Committee (MPC) raised the monetary policy rate and the cash reserve ratio, cumulatively, by 500 basis points to 16.5 per cent and 32.5 per cent, respectively as a way of enforcing liquidity tightening measures to curb rising inflation. margin-bottom: 15px; Access global real estate's most influential events and network. The tender offer expires on March 7th. AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. e.gw : [e.gw]; } 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. You see some of these more mainstream institutions getting into the space, because of the opportunity set that exists, and you need to build it front to back, meaning you need to give investors liquidity options to make the market more efficient, says Stephan. Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. 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. About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. June 16, 2022. By joining Japan Korea Week you will also have 12 months' exclusive access to all of PERE's leading events, networking focused meetings, latest market insights, and an expansive directory of managers and investors. 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