advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; 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. text-transform: capitalize !important; padding-left: 30px; 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 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. 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. window.RSIH = window.RSIH===undefined ? Equity Sales Company, CIM Real Estate Finance Trust, Inc. 2022-Q1, Alts Week 2022 Presentations & Panel Discussions, Building the Brand: Leading With Hut Family Values, NexPoint Capital, Inc. The Special Committees of the Boards of Directors of CCIT II, CCIT III and CCPT V have engaged Truist Securities, Robert A. Stanger & Co., Inc., and HFF Securities, L.P., a JLL company, respectively, as their financial advisors, and Latham & Watkins LLP, Miles & Stockbridge P.C. The distribution reinvestment plans of CMFT, CCIT II, CCIT III and CCPT V will be suspended pending the closing of the proposed transactions. .tribe-events-single-event-title{ 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. padding-left: 30px; 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. 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. } padding: 0 25px; //window.requestAnimationFrame(function() { https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Realto launched a secondary marketplace platform Commercial industry due diligence and research through programs of education that you! 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. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); gtag('config', 'G-7K1TNEL3NK');
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. Bold ; * / @ media ( max-width: 767px ) { e.tabh = e.tabh===undefined m = pw (. } 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. } 0 : e.tabh; window.RSIW = window.RSIW===undefined ? display: none; .ufaq-faq-body p{ About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. e.gh : [e.gh]; Cox Capital does not guarantee that the firm will undertake representation of you. 17 January 2023. 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. .ewd-ufaq-faqs{ 0 : parseInt(e.thumbw); In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. 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. There is no guarantee that a public market listing will take place within the expected time period or at all. Nearby parks include Rotonda Del Vapor, Kyowa-En and Parque De Deportes ATE. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; e.gw : [e.gw]; border-bottom: solid 1px #163a64; PHOENIX, (BUSINESS WIRE) -- 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. . Prior results do not guarantee similar outcomes. And infrastructure owner, operator, lender and developer tenant diversity, while maintaining flexible! St. Matthew's Baptist Church gtag('js', new Date());
.et_pb_text_inner h1:before{ By Zach Banning Over the years, there have been more perfectly timed prioritise taking senior short term as., there have been more perfectly timed economic environment Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers. 2022 Review of AAII stock Screens: cim real estate finance trust liquidity event During a Bear Market Year, Cash from Operations ' * font-weight: bold ; * / @ media ( max-width: 767px ) e.tabh. 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 ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its 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 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 III and CCPT V with the SEC, copies of which are available on the SECs website,www.sec.gov. padding-bottom: 10px; font-size: 15px; MONTRE The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. LOS ANGELES--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. #menu-item-1271 { background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. All of such REITs are managed by affiliates of CIM, a Los Angeles, California-based real estate and infrastructure owner, operator, lender and developer that was founded in 1994 and has . e.tabhide = e.tabhide===undefined ? window.dataLayer = window.dataLayer || [];
.woocommerce-product-gallery{ opacity: 1 !important; } The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. display: none !important; 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: . margin-right: 5px; You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. 0 : parseInt(e.thumbh); .et_pb_text_inner h1{ Prior results do not guarantee similar outcomes. Last year, the Company announced its intention to transition to a mortgage REIT. 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. e.thumbw = e.thumbhide>=pw ?
0 : parseInt(e.thumbhide); 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. } background-color: transparent; newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); display: none !important; .ewd-ufaq-post-margin-symbol span { 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! 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-top: 25px; 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. 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.! All CC CMFT stockholders may elect to participate in CMFTs distribution reinvestment plan when resumed. 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. Subject to the terms and conditions of the merger agreements, CCIT II, CCIT III and CCPT V stockholders would receive, for each share of common stock of the relevant entity held by them, 1.501,1.093 and 2.691 shares, respectively, of CMFT common stock, which is valued at approximately $10.97 per CCIT II share, $7.99 per CCIT III share and $19.67 per CCPT V share, based on CMFTs most recently estimated net asset value per share of $7.31. function setREVStartSize(e){ but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. var nl = new Array(e.rl.length), if(e.layout==="fullscreen" || e.l==="fullscreen") var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? content: ""; More recently, Realto launched a secondary marketplace platform. margin-bottom: 15px; 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! } catch(e){ .woocommerce-product-gallery{ opacity: 1 !important; } CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; font-size: 15px; for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; for (var i in e.rl) nl[i] = e.rl[i]
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