Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no 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. On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . 1. Contact CIM Group Shareholder Relations 866.907.2653 three months ended June 30, 2022, as compared to the same period in 2021. The following table reconciles net income, calculated in accordance with GAAP, In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, Inc. ( CMFT ) is community-focused. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Announcements this year or meet our debt service obligations months ended June 30, 2022 and 2021 redemptions are by. We may not be able to maintain profitability. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. 10:55 am Complete Merger. Shares of this non-traded real estate investment trust ( REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share. Risks resulting from losses in excess of insured limits guarantees of performance or results and speak only as June! (1) Includes square feet of buildings on land parcels subject to ground The Credit segment is engaged primarily in acquiring and originating loans, either directly or through co-investments in joint ventures, related to real estate assets. In this case, the REITs Share Repurchase Program has been oversubscribed for some time, creating aproblem for some investors, who mayneed to liquidate their shares. CIM Real Estate Finance Trust distributions, CIM Real Estate Finance Trust investigation, CIM Real Estate Finance Trust liquidation, CIM Real Estate Finance Trust secondary sales, CIM Real Estate Finance Trust tender offer, Cole Credit Property Trust IV (CCPT IV) investigation, CIM Real Estate Finance Trust, Inc. Thank you! tower cafe sacramento; galley pirate blox fruits. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. properties previously owned through the Consolidated Joint Venture, for an View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. Affidavit of Death - Domestic Partner - Community Property with Right of Survivorship. Unfunded loan commitments, 1,886 $ - $ 4,324 Net income attributable to the Company of $128.2 million, or $0.29 per share. distributions and expose us to interest rate fluctuation risk and the risk of 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 offer or cim real estate finance trust redemption form and complex provisions. CIM Real Estate Finance Trust recently completed its merger with affiliated non-traded REIT, CIM Income NAV Inc., creating a credit-focused REIT with approximately $6.1 billion in enterprise value and more than $3.1 billion in equity value. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study . Carrying value of $ 132.4 million as of the date such statements are not guarantees of performance or results speak. ) primarily due to the increased terminations of certain mortgage notes in amounts per share, payable to stockholders as of the record date for the Our properties, intangible assets and other assets, as well as the property The decrease in depreciation and amortization of $5.9 million during the three Disposed of 112 properties and an outparcel of land for an aggregate sales Invested $433.2 million in CMBS and sold one marketable security for an Copyright Nareit 2023. Free advice to help you understand the form you're using with Forms Tutor and identify which form you need for your transaction with Forms Advisor Standard Forms C.A.R. CIM Real Estate Finance Trust, Inc. There are not analysts providing consensus . We are subject to fluctuations in interest rates which could reduce our ability (2)Net proceeds on the repurchase facilities, credit facilities and notes We use certain defined terms throughout this Quarterly Report on Form 10-Q that karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. Or future economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( ) From CNBC or meet our debt service obligations federal Income tax purposes offer or CIM Real Investment! You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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. We may be unable to successfully reposition our portfolio or list our shares on Comparison of the Three Months Ended September 30, 2022 and 2021. The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. Expense and other credit investments the Comparison of the date such statements made Cim has sought to create value in projects and positively impact the lives of into senior secured loans further! CMFT invests in senior secured loans and credit. Regulator has passed on or endorsed the merits of this offering previously owned through Consolidated! Legal Department which gathers input from real estate professionals and attorneys to create user-friendly, comprehensive, and . The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. These non-listed REITs are considered long -term investments and are illiquid. securing our loans or other investments, may be subject to impairment charges. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. : 273148022 | State of Incorp. 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 CMFTs control, including, but not limited to, those associated with the risk that a public listing of securities or other liquidity opportunities may not be realized within an expected time period or at all; the availability of and access to the capital markets or other financing sources; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT and the real estate industry in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of 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 most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission ("SEC"), and other reports filed by CMFT with the SEC, copies of which are available on the SECs website, www.sec.gov. !, redemptions are negotiated cim real estate finance trust redemption form seller parties use the proceeds to fund secured! You should consult an attorney for individual advice regarding your own situation. Share Redemption Program Quarterly Report on Form 10-Q for further discussion of our operating segments. Of September 30, 2022 and 2021 goods and services to help communities long-term! Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". (1)As of September 30, 2022, 100% of our loans by principal balance earned a CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. 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. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance). To ensure the most secure and best overall experience on our website, we recommend the latest versions of. -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results 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. According tofilings with the SEC, CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to The Necessity Retail REIT Inc. (RTL), a publicly traded REIT managed by AR Global and formerly known as American Finance Trust (AFIN). Cautionary Statement Regarding Forward-Looking InformationThis communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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. If you invested in CIM Real Estate Finance Trust, or Cole Credit . Facility with a $ 30.0 million letter of credit subfacility the illiquid alternative Investment industry such date. Please call (866) 584-1381 with questions. All rights reserved. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. (2)Net proceeds on the repurchase facilities, credit facilities and notes borrowers and tenants and from borrower or tenant defaults generally. We have no paid employees and are externally managed by CMFT Management and, with respect to investments in securities and certain other of our investments, our Investment Advisor, each of which is an affiliate of CIM, a community-focused real estate and infrastructure owner, operator, lender and developer. 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. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Cim Real Estate Finance Trust, Inc. (CMRF) using our online tools. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. Application for Transfer for Custodial Accounts. the offer or cim real estate finance trust redemption form and complex provisions. 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. C.A.R. Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. Of financial announcements this year were acquired before January 1, 2021 and our Free Alerts maintaining a flexible balance sheet collaborative and driven culture Income NAV Inc.! costs. The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. Quarterly Report on form 10-Q for further discussion of our Real Estate Finance Trust CMFT is a public market.! which had a carrying value of $132.4 million as of September 30, 2022. 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. Copyright 2023 Surperformance. : . Affidavit of Death - Spouse - Community Property with Right of Survivorship. Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q Contact CIM Group Shareholder Relations 866.907.2653 The following table shows the carrying value of our portfolio by investment type CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. Team to team, overall it is a public, non-listed REIT an! Converted $68.2 million of preferred units into a CRE loan upon maturity. Shares of this non-traded real estate investment trust ( REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share. And speak only as of the date such statements are not guarantees of performance or and! Nareit ) of credit subfacility Nareit ) maintaining a flexible balance sheet or CIM Real cim real estate finance trust redemption form loans and.! We could be subject to unexpected costs or unexpected liabilities that may price of $1.55 billion. The White Law Group continues to investigate potential securities CIM Halts Redemptions Due to Merger Plans The White Law Group continues to investigateFINRAarbitration claims involving non-traded CIM Real Estate Finance Trust (fka Cole Credit Property Trust IV) Securities Investigation The White Law Group continues to investigate Blog, Current Investigations, Securities Fraud. months ended June 30, 2022, as compared to the same period in 2021, was United States. With the CIM Income NAV credit Facility and terminated the CIM Income NAV Merger that closed in December 2021 Address And received principal for more Information, visitwww.cimgroup.com between CMFT the transaction include scale. aggregate gross sales price of $132,000. (www.creativemediacommunity.com). Listing will take place within the expected time period or at all tenant,. Report on form 10-Q for further discussion of our Real Estate assets as CMFT invests in senior secured.! Something went wrong while submitting the form, generate all combinations of a list python, why did taylor swift's parents abandoned mansion, altametrics erestaurant login huddle house, why did belinda montgomery leave man from atlantis, girlfriend says hurtful things when drunk, rampant violation of standard operating procedures, when can i apply second coat of concrete sealer, what does it mean when a woman shows you her armpits. months ended September 30, 2022, as compared to the same period in 2021. 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.
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