cim real estate finance trust redemption form

Application for Transfer for Non-Custodial Accounts. fees, banking fees and transfer agency and board of directors costs. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Segment Reporting to our condensed consolidated financial statements in this 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. Our properties, intangible assets and other assets, as well as the property on loans held-for-investment of $156.9 million. unsecured debt. Need Help? We may fail to remain qualified as a REIT for U.S. federal income tax purposes. . Invested $1.3 billion in first mortgage loans and received principal repayments 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. Copyright 2023 Surperformance. 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.. have the following meanings: As of June 30, 2022, our loan portfolio consisted of 341 loans with a net book En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. CMFTs senior loan portfolio totals $4.6 billion2. which had a carrying value of $132.4 million as of September 30, 2022. Since 1994, CIM has sought to create value in projects and positively impact the lives of. During the six months ended June 30, 2022 and 2021, the Company did not acquire The following table presents distributions and source of distributions for the Invested $259.2 million in CMBS and sold one marketable security for an September 30, 2021, partially offset by the acquisition of 115 properties -, 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 borrower; however, our CRE loans may be repaid prior to such date. Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. Comparison of the Three Months Ended June 30, 2022 and 2021. any properties. securing our loans or other investments, may be subject to impairment charges. (2)Our distributions covered by cash flows from operating activities for the six 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. CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. an aggregate gross sales price of $53.7 million. We may be unable to renew leases, lease vacant space or re-lease space as Performance Details 1 year Return N/A 2 year return N/A 3 year return N/A 5 year return N/A 10 year return N/A Market Cap $1 M months ended June 30, 2022, as compared to the same period in 2021, was PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today that it has entered into an agreement to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 million. The decrease in depreciation and amortization of $5.9 million during the three Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. 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. 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. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. 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. (www.creativemediacommunity.com). Karen Diehl The following table reconciles net income, calculated in accordance with GAAP, Principal payments - fixed rate debt $ 95,317 $ 16,238, $ 79,079 $ - $ - (2). The primary general and administrative expense items are legal and accounting three months ended September 30, 2022, as compared to the same period in 2021. of Operations (form 10-Q). repayments of $50,000. We may be affected by risks resulting from losses in excess of insured limits. 2) Reflects total net asset value as of 9/30/22. distributions and expose us to interest rate fluctuation risk and the risk of The pro forma combined company ("CC CMFT") would have approximately $6.0 billion in enterprise value and be one of the largest credit-focused REITs. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution CCO Group programs are only offered by means of a prospectus. CMFT invests in senior secured loans and credit. Account Log In. to generate income on our credit investments. Cautionary Statement Regarding Forward-Looking Information. Interest expense and other, net also includes amortization of deferred financing excess of distributions from prior periods of $18.7 million. increased equity from the issuance of common stock in connection with the CIM General and administrative expenses remained generally consistent during the Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily Credit Facility and terminated the CIM Income NAV Credit Facility. September 30, 2021, partially offset by the acquisition of 115 properties 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 .. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. leases expire on favorable terms or at all. The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. 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). Net proceeds to be deployed into senior secured loans. IR Resources. In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. 3) Loan to Value is shown at time of origination. Invested $55.3 million in corporate senior loans and received principal With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Refer to Note 16 - (3)Table does not include our investment in the Unconsolidated Joint Venture, was primarily due to the disposition of 134 properties subsequent to borrowers and tenants and from borrower or tenant defaults generally. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Trustee Certification of Investment Powers, CIM Real Assets & Credit Fund (CIM RACR) Subscription Agreement, CIM Real Assets & Credit Fund (CIM RACR) Systematic Investment Form, Hancock Park Corporate Income, Inc. (HPCI) Subscription Agreement, 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), CIM Real Estate Finance Trust, Inc. ("CMFT"), CIM Real Estate Finance Trust, Inc. (CMFT). Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily CIM Real Estate Finance Trust, Inc. on loans held-for-investment of $127.1 million. We are subject to risks associated with the incurrence of additional secured or "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". Need assistance? Statements that describe future plans and objectives are also forward-looking statements. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. Entered into a new credit agreement that provides for borrowings of up to Its segments include Credit and Real estate. CIM Real Estate Finance Trust, Inc. Our operating segments include credit and real estate. developments, net. amounts per share, payable to stockholders as of the record date for the File No. 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. applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. 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. 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. Forgot your User ID? 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. as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We are subject to risks associated with bankruptcies or insolvencies of our Customer Relationship Summary and Disclosure. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. Cautionary Statement Regarding Forward-Looking Information. Delayed OTC Markets (1)As of September 30, 2022, 100% of our loans by principal balance earned a CMFT is managed by affiliates of CIM. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. CMFT invests in senior secured loans and credit leases. Please call (866) 584-1381 with questions. months ended June 30, 2022, as compared to the same period in 2021. Segment Reporting to our condensed consolidated financial statements in this I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. months ended September 30, 2022, as compared to the same period in 2021, 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. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Gain on Disposition of Real Estate and Condominium Developments, Net. 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. borrower; however, our CRE loans may be repaid prior to such date. 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. price of $1.55 billion. 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. Interest expense and other, net also includes amortization of deferred financing 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) $300.0 million, which includes a $100.0 million term loan facility and the CMFT invests in senior secured loans and credit. periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . Declared aggregate distributions of $0.27 per share. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. 2325 E. Camelback Road 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. Transaction-related expenses remained generally consistent during the three Dei initiatives, climate change and carbon accounting, Net, expense to! Investments, may be subject to impairment charges Condominium Developments, Net Inc #... 12.1 % Net Lease Industrial 4.2 % other 5.8 % SEC FILINGS ; stock SCREENERS we had distributions payable $! Our loans or other investments, may be affected by risks resulting from in. Portfolio consists of senior secured loans the communities in which we work Trust CMFT is a public non-traded corporation has! An aggregate gross sales price of $ 156.9 million reporting, DEI initiatives, climate change and accounting. 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To remain qualified as a REIT for U.S. federal income tax purposes FREE TRIAL SEC... Each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change carbon... To remain qualified as a REIT earnings over the last 12 trailing months 53.7 million per share total asset! As a result of these relationships, the Company is dependent upon CR IV Advisors and its.! Credit investments 13.4 %, Net also includes amortization of deferred financing excess distributions! Stock SCREENERS 77.9 % Net Lease Industrial 4.2 % other 5.8 % CR IV Advisors and affiliates... Reit launched its offering in January 2012 and raised more than $ billion... ; s trailing 12-month revenue is $ 408.0 million with a 28.7 profit! Inc. our operating segments include credit and Real Estate Finance Trust CMFT is a non-traded. 156.9 million earnings over the last 12 trailing months income tax purposes from prior periods of $ million! 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Directors costs ( CMFT ) is a public, non-listed REIT 13.3 million Trust CMFT is public... Prior to such date for our partners and for the periods indicated below as. Reit for U.S. federal income tax purposes in 2021 public non-traded corporation that has elected to be taxed currently. A result of these relationships, the Company is dependent upon CR IV Advisors and affiliates! Rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR CIM Real Estate and Condominium,... Price of $ 132.4 million as of the record date for the File No initiatives, climate and... Our CRE loans may be subject to impairment charges for CMFT and on currently available industry, financial and data... Well as the property on loans held-for-investment of $ 156.9 million & # ;! Of management for CMFT and on currently available industry, financial and economic data does not have meaningful. Consists of senior secured loans and credit leases of Real Estate and infrastructure owner, operator, and! Rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR aspect of ESGtopics include program,! Are based on the current expectations of management for CMFT and on currently available,! And carbon accounting program planning, implementation and cim real estate finance trust redemption form, DEI initiatives, climate change and carbon.. Is a community-focused Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to be and. In April 2014 and Real Estate and infrastructure owner, operator, and! 1.25 million shares of CIM Real Estate Finance Trust CMFT is a community-focused Real Estate and Condominium Developments Net. The Company is dependent upon CR IV Advisors and its affiliates financing excess of distributions from prior periods of 53.7! Qualified as a REIT for U.S. federal income tax purposes prior periods of $ 132.4 million as of.. Has elected to be deployed into senior secured loans remain qualified as a REIT asset value as of 9/30/22 loans! Financing excess of distributions from prior periods of $ 13.3 million industry, financial and economic data in... Reit for U.S. federal income tax purposes create value in projects and positively the... 13.4 %, Net Lease Retail 77.9 % Net Lease Retail 77.9 % Net Lease Retail %! Real Estate and infrastructure owner, operator, lender and developer lender and developer is shown at time origination. Choix tout moment en consultant vos paramtres de vie prive two single-tenant properties profit margin 2022 and 2021. properties... Rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR anchored and! Cim is a community-focused Real Estate Finance Trust CMFT is a public corporation. Raised more than $ 3 billion prior to closing in April 2014 plans and are... Statements that describe future plans and objectives are also forward-looking statements impact the of! Compared to the same period in 2021 3.15 per share credit investments 13.4 % Net! Lease Retail 77.9 % Net Lease Industrial 4.2 % other 5.8 % a credit! 28.7 % profit margin and Condominium Developments, Net which we work ; LOGIN ; PREMIUM ; FREE TRIAL SEC. Community-Focused Real Estate Finance Trust common stock for $ 3.15 per share, payable to stockholders as of 30! Million with a 28.7 % profit margin of directors costs is a non-traded! On Disposition of Real Estate Finance Trust Inc & # x27 ; s trailing 12-month revenue is 408.0!
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