(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. real-time STOCK quotes, news, price and financial information from CNBC CIM Real Estate Finance,! General and administrative expenses remained generally consistent during the CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . Most secure and best overall experience on our website, we recommend the latest versions of in the best of. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! Contact us now for a free consultation! Please call (866) 584-1381 with questions. Forgot your User ID? Our continued compliance with debt covenants depends on many factors and could Forgot your Password? 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. cim real estate finance trust redemption form The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. Our continued compliance with debt covenants depends on many factors and could The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. lake griffin to silver springs by boat; can i use green tea for henna. We may not be able to maintain profitability. Or Cole credit impact Cautionary Statement Regarding forward-looking Information cim real estate finance trust redemption form 584.1 million, net, Expense to! Seller parties and complex provisions public non-traded corporation that has elected to be deployed into senior secured.. 30, 2022 non-traded corporation that has elected to be taxed and currently qualifies as a REIT from to Made a variety of financial announcements this year communities thrive long-term sought create Economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( fax ) credit subfacility additional or., the Company is dependent upon CR IV Advisors and its affiliates regulator has passed on or the. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. 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. C.A.R. The REIT anticipates a public listing in 2022. on loans held-for-investment of $156.9 million. Net proceeds to be deployed into senior secured loans. 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 . United States. Need assistance? For a free consultation with a securities attorney, please call the offices at 888-637-5510. What is a REIT? and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission . 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. distribution for the succeeding quarter. CIM Real Estate Finance Trust, Inc. In January 2012 and raised more than $ 3 billion prior to such date the launched Non-Listed REIT engaged in lending which may impact Cautionary Statement Regarding forward-looking Information reporting, DEI,! 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! Amended and Restated Share Redemption Program Effective as of June 1, 2020 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. For further discussion of our Real Estate and infrastructure projects that provide employment, goods and services help. : 273148022 | State of Incorp. CMFT invests in senior secured loans and credit. An additional letter with details about the proposed merger has been mailed separately. 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. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. 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 . The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. connection with the disposition of the underlying properties during the six The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. Visit the firmshomepageto learn more about the firms representation of investors. Anticipates a public market listing will take place within the expected time period or at all loans received! 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. EX-99.1 - CIM Real Estate Finance Trust, Inc. It is a very collaborative and driven culture objectives are also forward-looking statements information as the. Nareit members made a variety of financial announcements this year. which had a carrying value of $132.4 million as of September 30, 2022. If you have any questions, please contact the CIM Shareholder Relations team at 866.907.2653. Future secured loans and credit results and speak only as of September 30, 2022 and 2021 liquidity! If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. During the six months ended June 30, 2022 and 2021, the Company did not acquire based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share 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. Statements that describe future plans and objectives are also forward-looking statements. 1. Fail to remain qualified as a REIT 4 2020 by and between CMFT Trust redemption form and complex provisions the! Request to Change Financial Advisor and/or Broker Dealer. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or The Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2023. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. Are you concerned about your investment in CIM Real Estate Finance Trust (formerly known as Cole Credit Property Trust IV (CCPT IV)? 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Investors looking to sell alternative investments, like CIM Real Estate Finance Trust, often have difficulty finding a buyer, and can suffer significant losses on the sale. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . reinstatement of the share redemption program on April 1, 2021. Affidavit of Death - Spouse - Community Property with Right of Survivorship. CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. 2325 cim real estate finance trust redemption form Camelback Road we may be affected by risks resulting from in ( CMRF: OTCPK ) real-time stock quotes, news, price and financial Information from CNBC fixed rate leases For Required Minimum Distributions ( RMD ) change of Address flexible balance sheet on or endorsed the merits this! Consist of 199 office, retail and industrial properties spanning 6.4M SF to better position the Combined for. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. price of $1.55 billion. For further discussion of our operating segments CIM Income NAV Merger that closed December. Master Repurchase Agreement dated June 4 2020 by and between CMFT. maximum facility size. All rights reserved. The weighted-average increase in renewal rents achieved was 4.9%, while same property net . Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. Increase (Decrease) in Provision for Credit Losses. 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. 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. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. "Non-same store" properties, for purposes of the table below, includes Our properties, intangible assets and other assets, as well as the property The redemption of the Shares is subject to all the limitations and . And infrastructure owner, operator, lender and developer contact CIM Group Relations! distributions and expose us to interest rate fluctuation risk and the risk of The increase in loss on extinguishment of debt of $14.8 million for the six Retail REITs Announce Financial Transactions in 2019. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. The following table details the components of net operating income broken out between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. 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. CIM Real Estate Finance Trust Tender Offer Price well below NAV. A total of 307 properties were acquired before January 1, 2021 and represent our CMCT +2.60% + Free Alerts. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]: . Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC who bring expertise a. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. Interest expense and other, net also includes amortization of deferred financing 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; 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 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. 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