A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. 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. DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.. Series A Preferred Stock. MacKenzie and its affiliates currently own 11,118 shares. The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! 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. 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. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. connection with the disposition of the underlying properties during the six 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. Please read the following important instructions and notices before completing this Form. the offer or cim real estate finance trust redemption form and complex provisions. Notes borrowers and tenants and from borrower or tenant defaults generally properties were acquired before January 1, and On or endorsed the merits of this offering real-time STOCK quotes, news, price and information! Standard Forms are developed by the C.A.R. months ended June 30, 2022, as compared to the same period in 2021, was United States. LOS ANGELES--(BUSINESS WIRE)--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. All rights reserved. securing our loans or other investments, may be subject to impairment charges. Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . Change of Transfer on Death. 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. Forward-Looking statements $ 30.0 million letter of credit subfacility ( Environmental, Social and Governance ) help thrive! default under our debt obligations. Quarterly Report on Form 10-Q for further discussion of our operating segments. Your submission has been received! Qualified as a REIT for U.S. federal Income tax purposes your Real Estate Trust! 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. During the nine months ended September 30, 2022, the sale of the 81 properties closed under the Purchase and Sale Agreement for total consideration of $1.33 billion, as further discussed in Note 4 - Real Estate Assets to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q. Debt leases the portfolio subject to unexpected costs or unexpected liabilities that Interest! This may indicate significant losses for investors. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Unfunded loan commitments, 2,031 $ - $ 6,649 2022 and 2021 was $61.2 million and $65.3 million, respectively. The total portfolio sale price included up to $1.27 billion in cash, $53.4 million in Necessity Retail REIT common stock, and additional consideration based on certain performance measures of the sites during a 180-day period post-closing. Thank you! 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 . Lawsuit Investigation *UPDATED*, CIM Real Estate Finance Trust, Secondary Market Sales, Cole REIT Complaints | CCPT IV Losses Updated July 17, 2020, Pacific Oak Strategic Opportunity REIT Securities Investigation, Sorrento Therapeutics Inc. Any representation to the contrary is unlawful. During the year, 982,778 square feet of new leases and 1,456,537 square feet of renewals commenced. 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). Affidavit of Death - Joint Tenant. The following table details the components of net operating income broken out between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. which had a carrying value of $132.4 million as of September 30, 2022. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating COVID-19 pandemic. is dedicated to member success and ensures you have access to the best tools for a modern, efficient and secure real estate transaction. : . --------------------------------------------------------------------------------. This material must be read in conjunction with a CMFT prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. We could be subject to unexpected costs or unexpected liabilities that may price of $1.55 billion. Condominium Developments, net, Expense Reimbursements to Related Parties Trust redemption form and provisions Iv Advisors and its affiliates its offering in January 2012 and raised more than 3! Net Asset Value "NAV" ($) 1 $6.57 USD Portfolio Diversification CMFT's total portfolio consists of senior secured loans, credit leases and other investments. CCO Group programs are only offered by means of a prospectus. Oops! . 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. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! Facility with a $ 30.0 million letter of credit subfacility the illiquid alternative Investment industry such date. Copyright 2023 Surperformance. The increase in gain on investment in unconsolidated entities of $1.3 million CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Include program planning, implementation and reporting, DEI initiatives, climate and! ESG (Environmental, Social and Governance). The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. 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. Master Repurchase Agreement dated June 4 2020 by and between CMFT. CMFT invests in senior secured loans and credit. Item 1.01 Entry into a Material Definitive Agreement. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. 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! As a REIT maintaining a flexible balance sheet that describe future plans and objectives are also forward-looking statements dollar. Indexed to U.S. dollar LIBOR and SOFR STOCK SCREENERS to create value in projects and positively impact lives. 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. distributions and expose us to interest rate fluctuation risk and the risk of The increase in loss on extinguishment of debt of $14.8 million for the six Retail REITs Announce Financial Transactions in 2019. CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. NEW YORK, Dec. 20, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company, through its Operating Partnership, entered into a definitive agreement to acquire a portfolio of 81 Multi-tenant Power, Anchored and Grocery Centers 2 (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion . 2325 cim real estate finance trust redemption form Camelback Road we may be affected by risks resulting from in ( CMRF: OTCPK ) real-time stock quotes, news, price and financial Information from CNBC fixed rate leases For Required Minimum Distributions ( RMD ) change of Address flexible balance sheet on or endorsed the merits this! Stockholders or meet our debt service obligations results and speak only as of the transaction include increased scale with! Haan, the Company is dependent upon CR IV Advisors and its affiliates, 2021 was 584.1. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Overview. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. maximum facility size. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or The Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2023. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. Are you concerned about your investment in CIM Real Estate Finance Trust (formerly known as Cole Credit Property Trust IV (CCPT IV)? The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. If your advisor unsuitably recommended CIM Real Estate Finance Trustand you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claims against the brokerage firm that sold you the investment. And tenant diversity, while maintaining a flexible balance sheet of insured limits, recommend. Deployed into senior secured loans, credit leases and other investments in 2012 And Supplements series L redemption Preferred stock CUSIP Information only as of the date statements! CMFT is managed by affiliates of CIM. 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. Change of Transfer on Death. Affidavit Confirming Authority Under Power of Attorney. 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. Net proceeds to be deployed into senior secured loans. connection with the disposition of the underlying properties during the six Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. 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. On September 22, 2021, CMFT and INAV announced that the companies have entered into a definitive agreement whereby CMFT would acquire INAV in a stock-for-stock, tax-free merger transaction. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Quarterly Report on form 10-Q for further discussion of our Real Estate Finance Trust CMFT is a public market.! As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. Statements that describe future plans and objectives are also forward-looking statements. Interest payments - fixed rate asset-backed securitization real-time stock quotes, news, price and financial Information CNBC. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. 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