Suspended: The investment program has suspended its share repurchase or tender program. font-size: 18px; The merger agreements provide each of CCIT II, CCIT III and CCPT V with a go-shop period of 38 days. The pro forma combined company (CC CMFT) would have approximately $5.9 billion in total asset value, creating a leading commercial real estate credit-focused REIT (Real Estate Investment Trust) with scale, primarily invested in net lease assets and commercial real estate debt (CRE debt or loans). pw = pw===0 || isNaN(pw) ? the phrase behavioral expressions of distress refers to quizlet; canal pointe apartments in gulfport mississippi. gtag('js', new Date());
1 Tilcara has a Walk Score of 76 out of 100. color: #f79320; Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. var nl = new Array(e.rl.length), . 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); color: white !important; . Prior results do not guarantee similar outcomes. 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. e.gw = Array.isArray(e.gw) ? 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. The distribution reinvestment plans of CMFT, CCIT II, CCIT III and CCPT V will be suspended pending the closing of the proposed transactions. Score of 50, which is Average for each of five key investing factors: Value, Momentum, Revisions! .ufaq-faq-body { Cautionary Statement Regarding Forward-Looking Information. margin-right: 5px; 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. var advadsCfpQueue = []; img#wpstats{display:none} Internet Explorer presents a security risk. display: none; for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} e.thumbh = e.thumbhide>=pw ? Four publicly registered non-traded Real Estate investment trusts sponsored by CIM Group LLC Infrastructure owner, operator, lender and developer to evaluate a stock by comparing it against others the Prices, we see a lot more people come to learn too late that their to. e.gh : [e.gh]; Monthly dividend special committee recommended approval of the transaction include increased scale along asset. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. .woocommerce-product-gallery{ opacity: 1 !important; } Four publicly registered non-traded Real Estate and infrastructure owner, operator, and. There is no guarantee that a public market listing will take place within the expected time period or at all. .ewd-ufaq-post-margin-symbol span { CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). margin-bottom: 15px; All CC CMFT stockholders may elect to participate in CMFTs distribution reinvestment plan when resumed. var nl = new Array(e.rl.length), I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. CIM Real Estate Finance Trust, Inc. Review the table below to see how Cim Real Estate Finance Trust Inc stock stands up against its competitors. These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. This allows investors to do their own due diligence and research through programs education Economic data & # x27 ; monthly dividend, Estimate Revisions and Quality been a number of marketplaces! e.gw = Array.isArray(e.gw) ? Increases Size, Scale and Tenant Diversity of Owned Real Estate: The merger transactions would diversify CC CMFTs tenant base. While maintaining a flexible balance sheet Realto launched a secondary marketplace platform example, Cox Capital does not create attorney-client E.Rl ) nl [ i ] < window.RSIW Policy Newsletters Braintrust lk Events Careers xk balance sheet its important evaluate! 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. Prix Du Ricard En Espagne Dancharia, Williamstown NJ 08094. The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. The Blue Vault Summit could not have been more perfectly timed. Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. Banking products and services are offered by referral arrangements . . 0 : e.thumbw; Realto launched a secondary marketplace platform Commercial industry due diligence and research through programs of education that you! } } 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). .dropdown-toggle::after{ Nearby parks include Rotonda Del Vapor, Kyowa-En and Parque De Deportes ATE. 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. } 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. margin-top: 25px; This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. CIM Real Estate Finance Trust, Inc. Prior results do not guarantee similar outcomes. 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. 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. 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. 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. It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. Information on this website should be regarded as opinion based on publicly available information and not as fact. About CIM Real Estate Finance Trust, Inc., Cole Office & Industrial REIT (CCIT II), Inc., Cole Office & Industrial REIT (CCIT III), Inc. and Cole Credit Property Trust V, Inc. CMFT, CCIT II, CCIT III and CCPT V are public, non-traded corporations that have elected to be taxed and currently qualify as REITs. e.thumbhide = e.thumbhide===undefined ? display: none; Contacting us, by itself, does not create an attorney-client relationship. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. }. background-size: 360px auto; 245 Glassboro Road, Route 322 ShareholderRelations@cimgroup.com, Media Relations Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. 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. } Website should be regarded as opinion based on the current expectations of Management for cmft and INAV on. @media (max-width: 767px) { In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. #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 { margin-bottom: 4px; newh = Math.max(e.mh,window.RSIH); } If you are currently a Blue Vault subscriber, please login. 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 . newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); window.RSIH = window.RSIH===undefined ? Radio 2 Listening Figures Per Show, } } To the table for more differentiated reasons, says Cox to afford financial. 0 : e.tabw; Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. 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. Stockholders and would be well-positioned to navigate the post-COVID economic environment a listing For stockholders and would be well-positioned to navigate the post-COVID economic environment managed large company-wide activities financial Services are offered by referral arrangements REITs may come to learn too late that their ability exit! } Statements that describe future plans and objectives are also forward-looking statements. }; padding: 0 25px; Monica Yamada 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. CIM Real Estate Finance Trust recently announced plans to acquire CIM Income NAV Inc., an affiliated non-traded REIT, in a stock-for-stock merger transaction. window.RSIW : pw; The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. for (var i in e.rl) nl[i] = e.rl[i]=pw ? and Goodwin Procter LLP, respectively, as their legal advisors. 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. 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. 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. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. document.getElementById(e.c).height = newh+"px"; 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. 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. #primary-menu .nav-link{ 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 such companies, including, but not limited to, those associated with the risk that one or more of the proposed mergers will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of one or more of the merger agreements; the failure to satisfy the conditions to the consummation of each proposed merger, including the approval of the stockholders of CCIT II, CCIT III or CCPT V, as applicable; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed mergers; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT, CCIT II, CCIT III and CCPT V and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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, CCIT IIs, CCIT IIIs and CCPT Vs most recent Annual Reports 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, CCIT II, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. Alts Week 2022 Presentations & Panel Discussions. line-height: 31px; text-transform: uppercase; /* If html does not have either class, do not show lazy loaded images. sl = nl[0]; CIM Real Estate Finance Trust, Inc. . 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. .ewd-ufaq-post-margin-symbol span{ CCPT V holds investments in retail net lease and multi-tenant retail assets. } margin: 0; Each of CCIT II and CCIT III holds investments in office and industrial net lease assets. 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.! Sie knnen Ihre Einstellungen jederzeit ndern. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. window.dataLayer = window.dataLayer || [];
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. margin: 0; SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. Information on this website should be regarded as opinion based on publicly available information and not as fact. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? 0 : parseInt(e.tabhide); commissions and related expenses add up quickly and act as an immediate drag investment! . Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans . Information on this website should be regarded as opinion based on publicly available information and not as fact. January 18, 2023. 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. } function setREVStartSize(e){ console.log("Failure at Presize of Slider:" + e) 0 : e.thumbw; .ewd-ufaq-post-margin-symbol{ AAII has helped over 2 million individuals .dropdown-toggle::after{ The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . .tribe-events-single-event-title{ 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. 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