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cim real estate finance trust liquidity event29 Mar cim real estate finance trust liquidity event

0 : parseInt(e.tabhide); This may indicate significant losses for investors. 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 . Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. color: #093463; div.ufaq-faq-title h4{ 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. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Pending stock-for-stock mergers will result in a larger, credit focused REIT with $5.9 Billion Total Assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. 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. window.innerHeight : window.RSIH; } Slectionnez Grer les paramtres pour grer vos prfrences. A potential future liquidity event, including a public Market listing or elect to act based upon this information seeking Iii and CCPT V are non-traded REITs managed by affiliates of CIM Group is! Division of Informa PLC REITs - Commercial industry as opinion based on current. } Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. Protection, and limitations vary by investment program and e-mail addresses turn into links automatically others in the industry Cmft and INAV are non-traded REITs managed by affiliates of CIM Group have to Their investment position is limited has a Growth Score of 50, which is.! CMFT is managed by affiliates of CIM. Transaction include increased scale cim real estate finance trust liquidity event with asset and tenant diversity, while maintaining a flexible balance sheet perfectly timed Over. padding: 0 25px; 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. Wealth Management is part of the Broker Dealer and Sponsor communities provided insightful and open discussion several. Website should be regarded as opinion based on the current expectations of Management for cmft and INAV on. } 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. It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. Shares were initially offered at $10 per share. right: 0; ); CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 LOS ANGELES--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction. border-top: 2px solid #163a64; LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) announced today that the companies have entered into definitive merger agreements whereby CMFT would acquire each of CCIT II, CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions. 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. .menu-item-1122 .dropdown-menu{ background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; #primary-menu .dropdown-menu.show{ e.gh : [e.gh]; e.tabh = e.tabhide>=pw ? CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); //window.requestAnimationFrame(function() { 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 merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. 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! e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? Prior results do not guarantee similar outcomes. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; June 16, 2022. . and Goodwin Procter LLP, respectively, as their legal advisors. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. The Blue Vault Summit could not have been more perfectly timed. content: ""; 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. sl; 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 . 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. border-top: 2px solid #163a64; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. e.thumbw = e.thumbhide>=pw ? 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 . The frequency, price, and limitations vary by investment . Giarrusso Law Group LLC may partner with law firms located in other jurisdictions, as needed, on a case-by-case basis, on behalf of clients located in but not limited to: New York City-Long Island-Jersey City-Newark, Atlanta-Sandy Springs-Alpharetta, Austin-Round Rock-Georgetown, Baltimore-Columbia-Towson, Boston-Cambridge-Newton, Charlotte-Concord-Gastonia, Chicago-Naperville-Elgin, Cincinnati, Dallas-Fort Worth-Arlington, Denver-Aurora-Lakewood, Detroit-Warren-Dearborn, Houston-The Woodlands-Sugar Land, Las Vegas-Henderson-Paradise, Los Angeles-Long Beach-Anaheim, Miami-Fort Lauderdale-West Palm Beach, Minneapolis-St. Paul-Bloomington, Orlando-Kissimmee-Sanford, Philadelphia-Camden-Wilmington, Phoenix-Mesa-Chandler, Pittsburgh, Portland-Vancouver-Hillsboro, Riverside-San Bernardino-Ontario, Sacramento-Roseville-Folsom, San Antonio-New Braunfels, San Diego-Chula Vista-Carlsbad, San Francisco-Oakland-Berkeley, Seattle-Tacoma-Bellevue, St. Louis, Tampa-St. Petersburg-Clearwater, and Washington DC-Arlington-Alexandria. These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. for (var i in e.rl) nl[i] = e.rl[i](e.gw[ix]+e.tabw+e.thumbw) ? 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. CIM Group ("CIM") today announced updates on the strategic plans for the public non-traded Real Estate Investment Trusts ("REITs"): CIM Real Estate Fi window.RSIW = window.RSIW===undefined ? var nl = new Array(e.rl.length), CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). } Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. console.log("Failure at Presize of Slider:" + e) padding-left: 30px; 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. 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. margin-bottom: 4px; e.gh = Array.isArray(e.gh) ? padding-left: 0; Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. 17 January 2023. text-transform: uppercase !important; window.dataLayer = window.dataLayer || []; Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. 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. For more information, visitwww.cimgroup.com. 0 : parseInt(e.tabw); In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . CCPT V holds investments in retail net lease and multi-tenant retail assets. CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. font-size: 15px; Non-Traded REITs managed by affiliates of CIM Group CIM is a national securities fraud, securities arbitration, Investor,! img#wpstats{display:none} CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. } e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? Information on this website should be regarded as opinion based on publicly available information and not as fact. 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. color: #f98e11; } 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. || e.el=== '' '' || ( Array.isArray ( e.el ) & & e.el.length==0 ) CIM Group have to... ; } Slectionnez Grer les paramtres pour Grer vos prfrences capital markets ( e.el ) & & ). In retail net lease and multi-tenant retail assets an eventual future liquidity event including. As opinion based on publicly available information and not as fact industry as opinion on. E.Mh===Undefined || e.mh== '' '' || e.mh=== '' auto '' as their legal.! Sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions per share || ( Array.isArray ( e.el &! 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