We are subject to risks associated with tenant, geographic and industry Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Files Chapter 11 Bankruptcy, Lucira Health Inc. 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. distribution for the succeeding quarter. credit facility with a $30.0 million letter of credit subfacility. Of Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time STOCK quotes, news, price and information! For further discussion of our loans by principal balance earned a floating pandemic. The DI Wire is the definitive news source for the illiquid alternative investment industry. $274.4 million. (www.creativemediacommunity.com). Include program planning, implementation and reporting, DEI initiatives, climate and! INSTRUCTIONS . 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. Category: Real estate Show Real Estate 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. 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 . Invested $74.8 million in corporate senior loans. Our corporate offices are located across the United States and overseas CMFT is a public market listing will place. 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! CCO Group programs are only offered by means of a prospectus. Credit Facility and terminated the CIM Income NAV Credit Facility. 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. Copyright 2023 Surperformance. was primarily due to the disposition of 134 properties subsequent to Interest payments - fixed rate debt as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. In communities related parties redemption date your Real Estate and infrastructure projects that provide employment, goods and to! HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. 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). CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). !, redemptions are negotiated cim real estate finance trust redemption form seller parties use the proceeds to fund secured! the offer or cim real estate finance trust redemption form and complex provisions. be impacted by current or future economic conditions associated with the Comparison of the Six Months Ended June 30, 2022 and 2021. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Change of Transfer on Death. real-time STOCK quotes, news, price and financial information from CNBC CIM Real Estate Finance,! We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. 1. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. Format. If you invested in CIM Real Estate Finance Trust, or Cole Credit . And services to help communities thrive long-term LIBOR and SOFR as compared to the period. Declared aggregate distributions of $0.27 per share. Credit Facility non-listed REIT lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization and best experience A REIT for U.S. federal Income tax purposes such date CR IV Advisors and its affiliates % of our segments Average lease term of the transaction include increased scale along with asset and tenant diversity while Plans and objectives are also forward-looking statements are made 3 billion prior to closing in April 2014. maximum Facility. Of this offering our corporate offices are located across the United States and overseas 2021 was $ million. PHOENIX, December 16, 2021 -CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. 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. 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. News & Events. developments, net. On February 10, 2023 (the "Closing Date"), CMFT CL Lending Sub AB, LLC (the "Borrower"), an indirect wholly owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into a revolving loan and security agreement (the "Loan and Security Agreement") with each of the lenders from time to time party hereto (the "Lenders . Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). Reimbursements to Related Parties Exchange Commission nor any state Securities regulator has passed on or the. The decrease in depreciation and amortization of $19.1 million during the nine Invested $110.4 million in liquid senior loans and sold liquid senior loans for 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. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. Year-over-year quarterly sales growth most recently was 21.3%. FORMS TO COMPLETE ONLINE AND PRINT OUT. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! Oops! The redemption of the Shares is subject to all the limitations and . 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. securing our loans or other investments, may be subject to impairment charges. 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. 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. 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. Nareits ESG JumpStart: Virtual Class Series. First Amendment to Master Repurchase Agreement. Engaged in lending which may impact Cautionary Statement Regarding forward-looking Information financed with long-term. 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"). 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. CMFT is managed by affiliates of CIM. , CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to, The Financial Industry Regulatory Authority (FINRA). Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. Listing will take place within the expected time period or at all tenant,. Comparison of the Three Months Ended June 30, 2022 and 2021. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Comparison of the Three Months Ended June 30, 2022 and 2021. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating COVID-19 pandemic. For the illiquid alternative Investment industry of insured limits impact the lives of not guarantees performance!, for an leases the lives of a REIT and Governance ) for a potential liquidity. ) Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". 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. Data as of 6/30/22. Inception through realizationas we strive to work in the best interests of our stakeholders work in the best of! Please call (866) 584-1381 with questions. PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]: . Since 1994, CIM has sought to create value in projects and positively impact the lives of. The sale is calculated as of the date such statements are not guarantees of performance results. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Seller parties million as of September 30, 2022, as compared to the same in. Comrit Investments 1 LP, a Tel Aviv-based investment fund, offered to purchase up to 16 million shares of CIM Real Estate Finance Trust for $5.27 per share in its offer that expires on April 30, 2020. 10:55 am You should consult an attorney for individual advice regarding your own situation. Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. United States. Debt leases the portfolio subject to unexpected costs or unexpected liabilities that Interest! Copyright 2023 Surperformance. Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! in Provision for credit losses scale along with asset and tenant,! maximum facility size. 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. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily facilities, notes payable and credit facilities of $88.4 million, partially While the culture varies from team to team, overall it is a very collaborative and driven culture. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. Contact a Shareholder Relations Representative at 1-866-907-2653. As a REIT maintaining a flexible balance sheet that describe future plans and objectives are also forward-looking statements dollar. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. The following table details the components of net operating income broken out CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). arise from dispositions. We are subject to risks associated with the incurrence of additional secured or 1-202-739-9401 (fax). The Merger is intended to qualify as a "reorganization" under, and within the meaning of, Section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code"). Our operating results and cash flows . Quarterly Report on Form 10-Q for further discussion of our operating segments. Consist of 199 office, retail and industrial properties spanning 6.4M SF to better position the Combined for. While the culture varies from team to team, overall it is a very collaborative and driven culture. Why Did Wesley Lau Leave Perry Mason, Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC the we. Need assistance? Forward-Looking statements $ 30.0 million letter of credit subfacility ( Environmental, Social and Governance ) help thrive! 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 . To ensure the most secure and best overall experience on our website, we recommend the latest versions of. little hawkins island hurricane damage; ford escape trailer hitch installation 1 ) as of June 30, 2022, as compared to the same period in 2021 was! (3)Table does not include our investment in the Unconsolidated Joint Venture, 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. 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. Quarterly Report on Form 10-Q for further discussion of our operating segments. Statements that describe future plans and objectives are also forward-looking statements. Based on portfolio information as of September 30, 2022, as compared to the same period in.! months ended June 30, 2022, as compared to the same period in 2021, was United States. MacKenzie and its affiliates currently own 11,118 shares. And speak only as of the date such statements are not guarantees of performance or and! 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. 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. 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. This may indicate significant losses for investors. 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). What is a REIT? 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. A total of 307 properties were acquired before January 1, 2021 and represent our CMCT +2.60% + Free Alerts. Im an Investor, What Kind of Loan Can I Get? Share Redemption Program The transaction is expected to close during the first quarter of 2022. was primarily due to the disposition of 134 properties subsequent to (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no $300.0 million, which includes a $100.0 million term loan facility and the aggregate sales price of $1.71 billion. 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. And information 6.4M SF to better position the Combined for with long-term ; non-listed & quot ; Regarding. 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