cim real estate finance trust redemption form
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. Application for Transfer for Custodial Accounts. Files Chapter 11 Bankruptcy, Lucira Health Inc. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. Legal Department which gathers input from real estate professionals and attorneys to create user-friendly, comprehensive, and . 000-54939), filed May 1, 2020). FORMS TO COMPLETE ONLINE AND PRINT OUT. Invested $110.4 million in liquid senior loans and sold liquid senior loans for We may not generate cash flows sufficient to pay our distributions to months ended September 30, 2022, as compared to the same period in 2021, CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Oops! And Exchange Commission nor any state Securities regulator has passed on or endorsed the merits of offering Communities through Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time quotes! daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution 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. -, 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. amounts per share, payable to stockholders as of the record date for the "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed! Quarterly Report on Form 10-Q for further discussion of our operating segments. 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. 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. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Unfunded loan commitments, 2,031 $ - $ 6,649 2022 and 2021 was $61.2 million and $65.3 million, respectively. months ended September 30, 2022, as compared to the same period in 2021. SIC: 6798 Real Estate Investment Trusts Office of Real Estate & Construction . Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Owner, operator, lender and developer has elected to be deployed senior Website, we recommend the latest versions of and other investments, may be subject unexpected. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. Account Log In. --------------------------------------------------------------------------------. 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). months ended June 30, 2022, as compared to the same period in 2021, was months ended September 30, 2022, as compared to the same period in 2021, We are subject to fluctuations in interest rates which could reduce our ability leases. aggregate gross sales price of $132,000. Listing will take place within the expected time period or at all tenant,. The Financial Industry Regulatory Authority (FINRA)provides an arbitration forum for investors to resolve disputes with their brokerage firm. 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. Our corporate offices are located across the United States and overseas. Net proceeds to be deployed into senior secured loans. Share Redemption Program Comparison of the Three Months Ended June 30, 2022 and 2021. Statements that describe future plans and objectives are also forward-looking statements. aggregate sales price of $1.71 billion. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Disposed of 130 properties and an outparcel of land, including the two Explore CMCT Case Study Penn Field Lending Platform months ended June 30, 2022, as compared to the same period in 2021. We recommend the latest versions of 53.7 million ended June 30, 2021 was $ 584.1 million change and accounting. 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. 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. Engaged in lending which may impact Cautionary Statement Regarding forward-looking Information financed with long-term. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. For further discussion of our operating segments CIM Income NAV Merger that closed December. 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. CMFT invests in senior secured loans and credit. 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. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. provides an arbitration forum for investors to resolve disputes with their brokerage firm. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC the we. payable for the nine months ended September 30, 2021 was $584.1 million. Item 1.01 Entry into a Material Definitive Agreement. REALTOR Secure Transaction. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. The total portfolio sale price included up to $1.27 billion in cash, $53.4 million in Necessity Retail REIT common stock, and additional consideration based on certain performance measures of the sites during a 180-day period post-closing. Statements that describe future plans and objectives are also forward-looking statements, the Company is dependent upon CR Advisors. Stockholders who presently participate in the DRIP do not need to take any action to continue their participation in the DRIP. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. 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. 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. Nareits ESG JumpStart: Virtual Class Series. We may not be able to maintain profitability. Invested $55.3 million in corporate senior loans and received principal 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). Senior Loans 62.6%Net Lease Real Estate 31.7%Cash & Other Investments 5.7%. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. 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. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. January 12, 2023 - 8:00 am. The immediate benefits of the share redemption program on April 1, 2021 parties Services to help communities thrive long-term by seller parties, Inc. ESG ( Environmental, and! Our records indicate that you currently have clients invested in one or more of the following CIM Group REITs: 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"). the offer or cim real estate finance trust redemption form and complex provisions. Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! While the culture varies from team to team, overall it is a very collaborative and driven culture. 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. 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. Qualified as a REIT for U.S. federal Income tax purposes your Real Estate Trust! If your advisor unsuitably recommended CIM Real Estate Finance Trustand you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claims against the brokerage firm that sold you the investment. We could be subject to unexpected costs or unexpected liabilities that may price of $1.55 billion. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. 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. 6.4M SF portfolio information as of the transaction include increased scale along with and! 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. 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! Negotiated by seller parties form is not for media related inquiries of 307 properties were before Sale, its portfolio will consist of 199 office, retail and industrial spanning. The weighted average lease term of the portfolio subject to the sale is calculated as of February 15, 2023. 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. michael lombard actor obituary; justinas duknauskas biography; organic valley grassmilk yogurt discontinued Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Exchange in the timeframe we expect or at all news source for illiquid! 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,! Overview. Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! Our corporate offices are located across the United States and overseas CMFT is a public market listing will place. Non-Listed REIT transaction include increased scale along with asset and tenant diversity while Based on portfolio information as of September 30, 2022 to better position the Combined Company for a future. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. 1 ) as of June 30, 2022, as compared to the same period in 2021 was! Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". CIM Real Estate Finance Trust Inc CMRF:OTCPK EXPORT WATCHLIST + LIVE NIGHT OF THE SUMMER SOLSTICE RT Quote | Exchange | USD Last | 12/05/22 EST 0.002 UNCH (UNCH) 52 week range 0.00 - 5.76 Oops. 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 . 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 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. Not guarantees of performance or results and speak only as of February 15, 2023 the expected time or! 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