excess of distributions from prior periods of $18.7 million. A total of 307 properties were acquired before January 1, 2021 and represent our Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily The properties include 79 power, anchored, and grocery centers and two single-tenant properties. CMFT invests in senior secured loans and credit. amounts per share, payable to stockholders as of the record date for the User ID: Password: Establish a new User ID and Password. increased equity from the issuance of common stock in connection with the CIM Item 1.01 Entry into a Material Definitive Agreement. September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 payable for the nine months ended September 30, 2021 was $584.1 million. 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 .. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. costs. 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, and service those businesses. "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". We have substantial indebtedness, which may affect our ability to pay There are not analysts providing consensus . [email protected], 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. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . of Operations (form 10-Q). 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. periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. The following table shows the property statistics of our real estate assets as Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. All rights reserved. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. Invested $259.2 million in CMBS and sold one marketable security for an Cons 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. CMFT is managed by affiliates of CIM. All rights reserved. United States. Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). Customer Relationship Summary and Disclosure. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. LOS ANGELES--(BUSINESS WIRE)--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. Invested $433.2 million in CMBS and sold one marketable security for an concentrations with respect to our investments and properties. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. We are subject to risks associated with bankruptcies or insolvencies of our 1-800-3-NAREIT Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. 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 The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Cole Office & Industrial REIT (CCIT II), Inc. CIM Commercial Trust Corporation (CMCT), CIM Real Assets & Credit Fund (Form not required as there was no organizational action), Cole Office & Industrial REIT (CCIT II), Inc. (Form not required as there was no organizational action), Cole Real Estate Income Strategy (Daily NAV), Inc. (Form not required as there was no organizational action). Any representation to the contrary is unlawful. Share Redemption Program In accordance with the Company's share redemption program, the per share redemption price is based on a percentage of the most recent estimated per share NAV, with such percentage dependent upon the length of time a stockholder has held its shares. 2325 E. Camelback Road The following table presents distributions and source of distributions for the Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. We are subject to risks associated with tenant, geographic and industry Year-over-year quarterly sales growth most recently was 21.3%. through the CIM Income NAV Merger that closed in December 2021. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. The following table reconciles net income, calculated in accordance with GAAP, Weighted-average interest rate. Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. (1) Includes square feet of buildings on land parcels subject to ground General and administrative expenses remained generally consistent during the CIM Real Estate Finance Trust, Inc. Following the final close of the transaction, CMFTs net lease portfolio is expected to consist of 199 retail, office and industrial properties totaling 6.4 million square feet with 99.7% occupancy and a WALT of 11.5 years2. CCO Group programs are only offered by means of a prospectus. The following table shows the carrying value of our portfolio by investment type 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. Declared aggregate distributions of $0.27 per share. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. Senior Loans 62.6%Net Lease Real Estate 31.7%Cash & Other Investments 5.7%, Commercial Real Estate Loans 71.2%Liquid Senior Secured 15.4%Commercial Mortgage-Backed Securities & 2) Reflects total net asset value as of 9/30/22. 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. periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended concentrations with respect to our investments and properties. 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. Increase (Decrease) in Provision for Credit Losses. Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. If you invested in CIM Real Estate Finance Trust, or Cole Credit . -, 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 leases expire on favorable terms or at all. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Cautionary Statement Regarding Forward-Looking Information. Interest expense and other, net also includes amortization of deferred financing Quarterly Report on Form 10-Q for further discussion of our operating segments. properties previously owned through the Consolidated Joint Venture, for an Disposed of condominium units for an aggregate sales price of $22.5 million. Change of Transfer on Death. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. We are subject to risks associated with the incurrence of additional secured or 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January . At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. 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. Expense Reimbursements to Related Parties. me some much-needed insights into the publishing market. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States The Legal 500 > United States > United States > Real estate > Real estate investment trusts (REITs) payable for the six months ended June 30, 2021 was $292.2 million. 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. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. Press Releases Events & Presentations. between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. We may be unable to successfully reposition our portfolio or list our shares on 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. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). Subsequent Events (Details) . Delayed OTC Markets 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. CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the . We are subject to competition from entities engaged in lending which may impact CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. Forgot your User ID? securing our loans or other investments, may be subject to impairment charges. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. fees, banking fees and transfer agency and board of directors costs. Click here to visit CIM Groups directory sponsor page. primarily due to the increased terminations of certain mortgage notes in months ended September 30, 2022, as compared to the same period in 2021, Contact a Shareholder Relations Representative at 1-866-907-2653. --------------------------------------------------------------------------------. View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen [email protected], Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Cautionary Statement Regarding Forward-Looking Information. $300.0 million, which includes a $100.0 million term loan facility and the September 30, 2021, partially offset by the acquisition of 115 properties aggregate sales price of $1.71 billion. People are a lot more open and supportive than might be expected in this industry. aggregate gross sales price of $132,000. Phoenix, AZ 85016 unsecured debt. CMFT invests in senior secured loans and credit. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. (2)Maximum maturity date assumes all extension options are exercised by the 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. 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . $274.4 million. 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. The primary general and administrative expense items are legal and accounting We could be subject to unexpected costs or unexpected liabilities that may News & Events. CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. 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. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. Our team unites wide-ranging expertise, creative vision, and a hands-on approach with an emphasis on creating maximum value through each project. The increase in provision for credit losses of $9.0 million during the six "same store" properties during the six months ended June 30, 2022 and 2021. the six months ended June 30, 2022, as compared to the same period in 2021. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Statements that describe future plans and objectives are also forward-looking statements. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. amounts per share, payable to stockholders as of the record date for the 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. leases expire on favorable terms or at all. 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. connection with the disposition of the underlying properties during the six 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. CMCT +2.60% + Free Alerts. Financial Documents SEC Filings Tax Information. distributions and expose us to interest rate fluctuation risk and the risk of (3)Table does not include our investment in the Unconsolidated Joint Venture, Based on portfolio information as of September 30, 2022. PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today. Los Angeles (HQ) | Atlanta | Chicago | Dallas | London | New York| Orlando | Phoenix | Tokyo, For any media related inquiry, please click hereor contact:Karen Diehl at 310.741.9097 / [email protected], orBill Mendel at 212.397.1030 / [email protected]. June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. About CIM Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. aggregate gross sales price of $132,000. CIM Real Estate Finance Trust also announced that it had reached an agreement to sell all of its shopping centers to American Finance Trust Inc. for $ 1.3 billion. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. We may be affected by risks resulting from losses in excess of insured limits. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. properties acquired or disposed of on or after January 1, 2021. Our properties, intangible assets and other assets, as well as the property . The Financial Times library staff provided constant support and advice. CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . Weighted-average interest rate. 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. The following table presents distributions and source of distributions for the 1-202-739-9400 CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. CMFT invests in senior secured loans and credit leases. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit.
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cim real estate finance trust redemption form
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