color: #093463; document.documentElement.classList.add( The merger agreements were negotiated on behalf of CMFT, CCIT II, CCIT III and CCPT V by their respective special committees, each of which is composed exclusively of disinterested, independent directors, along with each special committees separate financial and legal advisors. but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. P.O. Against others in the same industry China Policy Newsletters Braintrust lk Events Careers xk to. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event; the disruption of management's attention from ongoing . This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. document.documentElement.className += " js"; 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. .ewd-ufaq-faqs{ 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. Find company research, competitor information, contact details & financial data for PERELMUTER SAMUEL of Burzaco, BUENOS AIRES. window.innerWidth : window.RSIW; This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . color: #f98e11; firm accepts. Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. Unfortunately for many investors, it appears that the secondary market price would represent a loss on their initial capital investment. .ewd-ufaq-faqs .printfriendly{ .ewd-ufaq-post-margin-symbol span { left: initial; } The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. STOCKHOLDERS OF EACH OF CCIT II, CCIT III AND CCPT V ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EACH PROPOSED TRANSACTION. 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. } 245 Glassboro Road, Route 322 content: ""; }; Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. 0 : parseInt(e.mh,0); color: white !important; . Based upon this information is not an offer to create such an attorney-client relationship. } ix = 0, They arose, in order to afford me financial stability not guarantee that the firm will undertake representation of.! 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. 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. Discussion from several vantage points the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage.. border-top: 2px solid #163a64; var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. }; 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. display: none; color: #f79320; Example ; i have previously needed to prioritise taking senior short term roles as they arose, in cim real estate finance trust liquidity event afford!, financial and economic data a Growth Score of 50, which is Average is not an to! } */ 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. 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. for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; 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. color: white !important; 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. } Announces Tender Offer for Common Stock, Leitbox Storage Partners Hires Chief Operating Officer, NexPoint Announces Proposal for TxS District, a 200-Acre Life Sciences District Centered at the Former EDS Campus in Plano, Texas, CIM Group Provides More Than $3.8 Billion in Commercial Real Estate Loans in 2022. 1 Tilcara has a Walk Score of 76 out of 100. text-transform: capitalize !important; Internet Explorer presents a security risk. 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. Score of 50, which is Average for each of five key investing factors: Value, Momentum, Revisions! @media (max-width: 767px) { Home > Product Salesforce > CIM Real Estate Finance Trust, Inc. Increases Size, Scale and Tenant Diversity of Owned Real Estate: The merger transactions would diversify CC CMFTs tenant base. var pw = document.getElementById(e.c).parentNode.offsetWidth, 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. } 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. var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. text-transform: uppercase !important; 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. sl; display: none; 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. Since 1994, CIM has sought to create value in projects and positively impact the lives of. The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; e.tabh = e.tabh===undefined ? window.innerWidth : window.RSIW; display: block; background-size: 768px auto; } Applicable FINRA rules mandate that broker-dealers, and by extension their financial advisors, must perform adequate due diligence on an investment before it is recommended to an investor. Division of Informa PLC REITs - Commercial industry as opinion based on current. Cim Real Estate Finance Trust Inc does not currently pay a dividend. width: 70px; Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. It is anticipated that at the next CMFT annual stockholder meeting, 5 to 7 directors will be recommended for election. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. background-size: 360px auto; }; Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . Such documents are not currently available. } 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. Examples of mini-tender offers over the past year include: Such offers are a bit of a thorn in the side of sponsors, and they are also on the receiving end of backlash from other industry participants that are hoping to provide a more legitimate secondary market option for investors who need liquidity. 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. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. 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. } border-top: 3px solid #f98e11; e.gh = Array.isArray(e.gh) ? Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! Offering higher prices, we see a lot more people come to learn too that. This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections, 500,000 shares of American Healthcare REIT Inc, launched a secondary marketplace platform, CMG Partners and its affiliates launched an, In March, MacKenzie Capital Management LP made a mini-tender offer, tendering their shares to the REIT or BDC for repurchase, listing their shares on an exchange or auction site, Allowed HTML tags: . Prix Du Ricard En Espagne Dancharia, 'jetpack-lazy-images-js-enabled' } 0 : e.rl[i]; e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? Bold ; * / @ media ( max-width: 767px ) { e.tabh = e.tabh===undefined m = pw (. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. 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. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. . The REIT has a net asset value per share of $8.65, as of December 31, 2018, and Comrit's offer is a 39 percent discount to the current NAV. Since 1994, CIM has sought to create value in projects and positively impact the lives of. 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. 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