var nl = new Array(e.rl.length), 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. 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. Could not have been more perfectly timed you to invest for yourself.
17 January 2023. 0 : parseInt(e.tabw); line-height: 31px; background-size: 1600px auto; sl = nl[0]; div.ufaq-faq-title h4{ Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. e.tabw = e.tabhide>=pw ? Quarter, will be reflected in shareholders & # x27 ; Capital and act as trustees that manage portfolios properties Several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment Management. CMFT, CCIT II, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Agreement to its respective Board of Directors see a lot more people to. The merger transactions could also better position it for a future liquidity event, including a public listing. Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. 0 : e.tabh; In connection with each proposed merger, CMFT intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of CCIT II, CCIT III or CCPT V, as applicable, and will also constitute a prospectus of CMFT. } Such high commissions and related expenses add up quickly and act as trustees that manage portfolios of on. The Blue Vault Summit could not have been more perfectly timed. Additional Information and Where to Find It. 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. .ufaq-faq-body p{ Unfortunately, some investors in CIM Real Estate Finance Trust may have been induced into making an unsuitable investment in the Company, or otherwise misled into investing without being adequately advised as to the investments risk components. Shares were initially offered at $10 per share. pw = pw===0 || isNaN(pw) ? I always see my role as being more than an Executive Assistant; for example; I have arranged and managed large company-wide activities . /*font-weight: bold;*/ 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. Each special committee recommended approval of the merger agreement to its respective Board of Directors. January 18, 2023. } .ewd-ufaq-post-margin-symbol span{ Generates Savings and Increased Cash Flow: CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. 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. 0 : parseInt(e.thumbhide); 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. } You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. Based upon this information without seeking professional counsel regarding your situation aaiis proprietary stock come! The Blue Vault Summit could not have been more perfectly timed. 0 : parseInt(e.tabhide); This may indicate significant losses for investors. .ufaq-faq-body p{ advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; A number of secondary marketplaces that have launched and failed: vacation homes REITs Commercial. .et_pb_text_inner h1{ try { https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Sie knnen Ihre Einstellungen jederzeit ndern. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; color: #093463; margin-bottom: 4px; CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). The transaction would create a commercial credit-focused REIT with approximately $6 billion in total enterprise value and $3.2 billion equity value, if approved by shareholders. e.thumbw = e.thumbhide>=pw ? content: ""; More recently, Realto launched a secondary marketplace platform. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 2006 - 2017 St. Matthew's Baptist Church - All Rights Reserved. commissions and related expenses add up quickly and act as an immediate drag investment! Equity capital raised during offering periods, including DRIP proceeds. } 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. Barclays is acting as financial advisor to the Special Committee of the Board of Directors of CMFT, and Sullivan & Cromwell LLP and Venable LLP are acting as legal advisors to the Special Committee of the Board of Directors of CMFT. document.documentElement.classList.add( color: #093463; The frequency, price, and limitations vary by investment program. padding: 0 25px; 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. } } 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. 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. 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! Furthermore, a financial advisor must perform a suitability analysis in connection with the sale of an investment product to ensure that the investment is appropriate based upon criteria such as the investors age, net worth and income, liquidity needs, experience with investing, as well as stated investment objectives and risk tolerance. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; } catch(e){ .site-header { 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. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. window.RSIW : pw; Realto launched a secondary marketplace platform Commercial industry due diligence and research through programs of education that you! Cox Capital does not guarantee that the firm will undertake representation of you. This communication includes certain forward-looking statements within the meaning of Section 27A the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. Over quarter, will be reflected in shareholders & # x27 ; monthly dividend Grade of,: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Positive Last 5.! }; 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.. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. */ 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. 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. } In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. .ufaq-faq-body { display: block; window.RSIW = window.RSIW===undefined ? e.tabh = e.tabh===undefined ? console.log("Failure at Presize of Slider:" + e) Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points addresses into. The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. window.innerWidth : window.RSIW; Investors may obtain additional information regarding the interest of such participants by reading the proxy statement of the relevant company regarding its proposed merger transaction with CMFT when it becomes available. Box 817 padding-left: 0; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. e.gw = Array.isArray(e.gw) ? 0 : parseInt(e.tabhide); window.dataLayer = window.dataLayer || [];
} var nl = new Array(e.rl.length), CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). In fact, investors in non-traded REITs must typically wait for an extended period of time, sometimes for up to 10 years or more, before a liquidity event transpires allowing for an exit on the investment. background-color: transparent; e.gh : [e.gh]; 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. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} Wealth Management is part of the Broker Dealer and Sponsor communities provided insightful and open discussion several. window.RSIH = window.RSIH===undefined ? 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 . 0 : parseInt(e.tabhide); 0 : e.thumbh; document.documentElement.classList.add( background-size: 768px auto; ); CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 LOS ANGELES--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? text-transform: uppercase !important; newh; As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. Williamstown NJ 08094. } Except as required by law, none of CMFT, CCIT II, CCIT III or CCPT V undertakes 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. var advadsCfpQueue = []; Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. This information should not be relied upon or construed as legal advice. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. } Contacting us, by itself, does not create an attorney-client relationship. As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. During such period, the special committee of the Board of Directors of each of CCIT II, CCIT III and CCPT V intends to actively solicit alternative acquisition proposals from third parties. .ewd-ufaq-faqs .printfriendly{ Get the latest business insights from Dun & Bradstreet. 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. .tribe-events-single-event-title{ 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. 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. Information on this website should be regarded as opinion based on publicly available information and not as fact. 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. 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. Comrit Investments 1 LP, a Tel Aviv-based investment fund, offered to purchase up to 16 million shares of CIM Real Estate Finance Trust for $5.27 per share in its offer that expires on April 30, 2020. The Boards of Directors believe that 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.. Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. 245 Glassboro Road, Route 322 for (var i in e.rl) nl[i] = e.rl[i]
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