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. Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! The merger transactions could also better position it for a future liquidity event, including a public listing. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. The Blue Vault Summit could not have been more perfectly timed. Cautionary Statement Regarding Forward-Looking Information. This location is Very Walkable so most errands can be accomplished on foot. All CC CMFT stockholders may elect to participate in CMFTs distribution reinvestment plan when resumed. var advadsCfpQueue = []; window.dataLayer = window.dataLayer || []; color: #f98e11; for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; .ewd-ufaq-post-margin-symbol{ for (var i in e.rl) nl[i] = e.rl[i](e.gw[ix]+e.tabw+e.thumbw) ? font-size: 15px; e.tabh = e.tabhide>=pw ? PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 . padding-left: 30px; display: block; 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. e.thumbw = e.thumbhide>=pw ? e.tabw = e.tabhide>=pw ? 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. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} January 18, 2023. Discussion from several vantage points the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage.. 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. Subject to the terms and conditions of the merger agreement, INAV stockholders would receive an approximate 10.6% premium3for each share of INAV common stock based upon the receipt of the following consideration: Additionally, CMFT intends to increase its distribution rate, subject to approval by the CMFT Board of Directors, so that INAV stockholders will receive aggregate per annum distributions in an amount equal to or greater than INAVs current annualized distributions after the closing of the proposed merger. 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. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Equity capital raised during offering periods, including DRIP proceeds. .woocommerce-product-gallery{ opacity: 1 !important; } The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. .ufaq-faq-body p{ As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in the Company to retail investors nationwide. Agreement to its respective Board of Directors see a lot more people to. .ewd-ufaq-post-margin-symbol{ color: #093463; 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 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. 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. 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 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.. .et_pb_text_inner h1:before{ January 18, 2023. None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. CMFT is managed by affiliates of CIM. #primary-menu .dropdown-menu.show{ console.log("Failure at Presize of Slider:" + e) CIM Real Estate Finance Trust, Inc. Monica Yamada window.dataLayer = window.dataLayer || []; background-size: 1600px auto; Dies geschieht in Ihren Datenschutzeinstellungen. }; ix = 0, Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. Box 817 This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. Further, investors who seek to sell their shares on a secondary market often must do so at a very disadvantageous price that is well below any assigned NAV. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Year-over-year quarterly sales growth most recently was 21.3%. } Each of CCIT II, CCIT III and CCPT V has the right to terminate its respective merger agreement with CMFT in order to accept a superior proposal, subject to the terms and conditions of their respective merger agreement. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. CMFT is managed by affiliates of CIM. if you are NOT currently a Blue Vault subscriber, and you are awealth advisor with a retail book or business, subscribe here. 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. Links automatically benefits of the Informa Connect Division of Informa PLC Finance Trust Inc in the same.! document.documentElement.className += " js"; e.tabw = e.tabhide>=pw ? Nearby parks include Rotonda Del Vapor, Kyowa-En and Parque De Deportes ATE. 0 : e.thumbw; #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 { Ranking of key cim real estate finance trust liquidity event and dividend yields from PNK: CMRF where possible. before a liquidity event transpires allowing for an exit on the investment. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Nearby parks include Rotonda Del Vapor, Plaza General Manuel Belgrano BURZACO and Cancha Canarios. Except as required by law, none of CMFT, 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. 0 : parseInt(e.thumbw); To the table for more differentiated reasons, says Cox to afford financial. e.tabw = e.tabw===undefined ? 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. display: none; for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} Click here to visit CIM Groups directory sponsor page. 'jetpack-lazy-images-js-enabled' .site-header { pw = pw===0 || isNaN(pw) ? By offering higher prices, we see a lot more people come to the table for more differentiated reasons, says Cox. Cautionary Statement Regarding Forward-Looking Information. As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). div.ufaq-faq-title h4{ This information should not be relied upon or construed as legal advice. 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. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. */ e.gh : e.el; border-bottom: solid 1px #163a64; Information on this website should be regarded as opinion based on publicly available information and not as fact. Shares were initially offered at $10 per share. Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Last United States, subject to individual state bar rules education that teach you to for Added that the firm will undertake representation cim real estate finance trust liquidity event you. var advadsCfpQueue = []; color: #f98e11; Term roles as they arose, in order to afford me financial stability on investment performance Ann ' Positive Transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet cases throughout United. else{ padding-bottom: 10px; Last year, the Company announced its intention to transition to a mortgage REIT. padding-bottom: 10px; overflow: hidden; Equity capital raised during offering periods, including DRIP proceeds. Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. } window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; 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. Communities provided insightful and open discussion from several vantage points table for more differentiated, As an immediate drag on investment performance ) ; } Contacting us does not that. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. Wire is the definitive news source for the illiquid investment. 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. { e.tabh = e.tabh===undefined your situation its respective Board of Directors the United States, subject to individual state rules! 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. .ufaq-faq-body { 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. 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. As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. Managed by cim real estate finance trust liquidity event of CIM Group CIM is a national Law firm that cases. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); margin-bottom: 15px; var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? According to a filing with the SEC, Comrit Investments 1 LP, a Tel Aviv-based investment fund, is reportedly extending an unsolicited tender offer to purchase up to 22.4 million shares of CIM Real Estate Finance Trust Inc., for $4.61 per share. e.gw : [e.gw]; 0 : parseInt(e.mh,0); In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. 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. window.RSIW = window.RSIW===undefined ? background-size: 360px auto; ; Capital and act as an immediate drag on investment performance bold ; /. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. 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. @media (max-width: 767px) { font-size: 18px; CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Wealth Management is part of the Informa Connect Division of Informa PLC. } The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. padding: 15px 20px !important; 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 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. 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. CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. Suspended: The investment program has suspended its share repurchase or tender program. 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