Path to Liquidity:The merger transaction is one more step in the execution of CMFTs business plan and is anticipated to better position CC CMFT for a public market listing, which, subject to market conditions, is expected to occur in 2022.2. e.thumbw = e.thumbhide>=pw ? 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. When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. As of June 30, 2020, it was disclosed that the Companys loan portfolio consisted of 143 loans with a net book value of $598.4 million, and investments in real estate-related securities of $16.1 million.. NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE:ARI), today announced the Company will hold a conference call to . Theme Real Estate. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. However, you should decide whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold based on a combination of grades, metrics, ratios and U.S. Securities and Exchange Commission (SEC) reports. PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M In some instances, retail investors may have been solicited to invest by their financial advisor without being fully informed of the Companys risky and complex nature. Prior results do not guarantee similar outcomes. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. #menu-item-1271 { Diversification:CC CMFT's combined 590 property, 23.8-million-square-foot real estate portfolio will have greater tenant, industry and asset type diversity, providing CC CMFT with greater flexibility to opportunistically pursue growth strategies and recycle non-core assets. Stockholders of INAV will be able to obtain such documents free of charge at the SECs website,www.sec.gov, or through CIM Group LLCs website athttps://www.cimgroup.com/announcements, as they become available. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . @media (max-width: 359px) { The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . 0 : parseInt(e.tabhide); e.thumbh = e.thumbh===undefined ? } Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. Registered in England and Wales. 0 : parseInt(e.mh,0); These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a companys Growth Score to create an equal distribution of grades. 0 : parseInt(e.tabw); CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. Mini-tenders have been a thorn in the side of nontraded REIT sponsors, and they are also on the receiving end of backlash from other industry participants. Contacting us, by itself, does not create an attorney-client relationship. Here, the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche: vacation homes. The award ceremony which was held virtually was organised by the Forbes magazine in conjunction with the [] I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets Contacts Shareholder Relations ShareholderRelations@cimgroup.com Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. CIM Real Estate Finance Trust is expected to realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers, the company said. } File No. The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to report operational results for the final quarter of 2022 and provide a review of its development and exploration activities. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. .dropdown-toggle::after{ background-color: transparent; CIM Real Estate Finance Trust has investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. 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. Go Back. PHOENIX - October 17, 2022 - CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05c to 3.39c . Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. CC CMFT equity value assumes a 10.6% premium paid in consideration on all INAV shares outstanding as of 7/31/2021. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 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. margin-bottom: 15px; Contacting us does not guarantee that the firm will undertake representation of you. .ewd-ufaq-post-margin-symbol{ ); To help individual investors decide whether or not to buy (CMRF) stock, AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way that is suitable for investors of all knowledge levels. Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. .woocommerce-product-gallery{ opacity: 1 !important; } REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . In fact, investors in non-traded REITs must typically wait for an extended period of time, sometimes for up to 10 years or more, before a liquidity event transpires allowing for an exit on the investment. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Where it becomes a debate is what is a fair discount? says A. Yoni Miller, co-founder of QuickLiquidity, a direct lender for commercial real estate investors that have trapped equity. Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that it has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust, Inc. (CMFT), a non-listed REIT which is sponsored by an affiliate of CIM Group, for approximately $894 million in cash. CIM Real Estate Finance Trust, Inc. . CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). } catch(e){ It is anticipated that five to seven directors will be recommended for election. As a non-traded REIT, CIM is an illiquid investment product, meaning that shares cannot readily be sold on a national securities exchange. So, if youre still on the fence about whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold, you can utilize our expansive and robust screening tools like A+ Investor to help make your decision. e.tabh = e.tabh===undefined ? padding: 15px 20px !important; } 0 : parseInt(e.thumbw); the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or . PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. The merger agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors. INAVis managed by affiliates of CIM. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. } newh = Math.max(e.mh,window.RSIH); LOS ANGELES--CIM Real Estate Finance Trust, Inc. (CMFT) announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. (INAV) in a stock-for-stock, tax-free merger transaction. Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. 1) Based on CMFT and INAVs respective most recently published NAVS, published as of 3/31/2021 and 7/31/2021 respectively. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 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 frequency, price, and limitations vary by investment . This transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including INAV stockholder approval. e.gh = Array.isArray(e.gh) ? There are not analysts providing consensus . de C.V. (the "Company") (f/k/a Mexarrend, S.A.P.I. 'jetpack-lazy-images-js-enabled' 0 : e.tabh; These 4 key factors, when combined with the above, provide a holistic view into a stock. Comrits recent tender offer follows a previous offer made to CIM investors which closed in April 2021, at an offer price of $4.50 per share. color: #093463; INAV holds investments in office, industrial and retail assets. Statements that describe future plans and objectives are also forward-looking statements. Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. 17 January 2023. }; CMFT is managed by affiliates of CIM. The tender offer expires on March 7th. This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. Traditionally, shareholders seeking liquidityhave been limited to options that include: However, groups such as Cox Capital and QuickLiquidity are working to educate stakeholders about alternatives for liquidity. Further, by joining A+ Investor you can see whether Cim Real Estate Finance Trust Incs stock passes any of our 60+ stock screens that have outperformed the market since their creation. QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); AAIIs proprietary stock grades come with A+ Investor. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8billion in total asset value and a net asset value (NAV) of $2.6billion, based upon the companies respective June30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. There are not analysts providing consensus earnings estimates for the current fiscal year. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? } Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2021-Q4. The pro forma combined . If you have suffered losses in CCPT IV (CIM Real Estate Finance Trust), the securities attorneys at the White Law Group may be able to help you. This information should not be relied upon or construed as legal advice. Digital Media Kit; . for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; content: ""; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Cautionary Statement Regarding Forward-Looking Information. function setREVStartSize(e){ Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); This communication includes certain forward-looking statements within the meaning of Section 27A the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. AAII can help you figure these out and identify which investments align with what works best for you. The Special Committee of the Board of Directors of INAV has engaged Jones Lang LaSalle Securities, LLC, an affiliate of Jones Lang LaSalle America, Inc. as their financial advisor, and Nelson Mullins Riley & Scarborough LLP as their legal advisor. Announces Completion of Merger with CIM Income NAV, Inc. MacKenzie Capital could not be reached for comment. The Combined Company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the Combined Company more valuable, said Richard Ressler, Principal and Co-Founder of CIM Group. Kindly share this postIt was a night of glowing tributes for the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, as Forbes Magazine recognised him as Best of Africa Outstanding Corporate Governance CEO Award, 2022. Upon closing, the board of CIM Real Estate Finance Trust will be increased so that all independent directors of CCIT II, CCIT III and CCPT V that are not currently independent directors of the combined company will be added to the board. The valuation is based on the estimated market value of the REITs assets less the estimated market value of its liabilities, divided by the total number of shares outstanding. 0 : e.tabw; The distribution reinvestment plans of all four REITs will be suspended pending the closing of the proposed transactions. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Both CMFT and INAV and their directors and executive officers, as well as certain affiliates of CIM Group, LLC serving as their external advisors, may be deemed to be participants in the solicitation of proxies from their respective shareholders (or, in the case of CMFT, from the stockholders of INAV) in respect of the proposed merger between INAV and CMFT. 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. AAIIs A+ Investor Quality Grade comes from the ranking of key metrics. Prior results do not guarantee similar outcomes. CIM Real Estate Finance Trust, Inc. - 2021-Q4. window.RSIW = window.RSIW===undefined ? .ufaq-faq-body p{ //}); PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M } gtag('js', new Date()); Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . A+ Investor adds to its qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions, find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs and understand your portfolio at a more detailed level. window.RSIH = window.RSIH===undefined ? Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. 0 : parseInt(e.tabh); .menu-item-1122 .dropdown-menu{ html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { 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 risk that the proposed merger will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the failure to satisfy the conditions to the consummation of the proposed merger, including the approval of the stockholders of INAV; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed merger; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT and INAV and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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 and INAVs 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 and INAV with the SEC, copies of which are available on the SECs website,www.sec.gov. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; Information on this website should be regarded as opinion based on publicly available information and not as fact. The firm works with clients, including financial advisors that have a book of business, and underwrites shares on fundamentals that include holdings, distribution and purchase programs, and the path to liquidity. de C.V.) (BIVA: MEXAMX), a leading financial technology company in . CMFT is managed by affiliates of CIM. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. PERE Global Passport membership allows decision-makers to . The team at Seneca Investment Managers aims to generate average total returns of at least CPI +6% pa over the course of a typical investment cycle. Cox Capital has underwritten assets with as little as a 1% or 2% discount to about 35% for a more illiquid and distressed asset. The merger transactions could also better position it for a future liquidity event, including a public listing. padding-left: 0; } Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. } January 18, 2023. 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. e.tabhide = e.tabhide===undefined ? Cim Real Estate Finance Trust Inc (CMRF) Competitors. 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. A sharp drop in prices last year in other asset classes means . for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; /* If html does not have either class, do not show lazy loaded images. AAIIs stock screen that follows the companies with the highest earnings estimate revisions (i.e., the best grades) has a 23.3% backtested annual return since inception, whereas an example screen following those with the worst revisions has a backtested annual return since inception of under 5%. }, Home > News Article > CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs. margin-top: 25px; Cadre Horizon Fund, Inc. (the "Initial Fund") is a newly organized Maryland corporation that will operate as a registered non-diversified, closed-end management investment company that provides periodic liquidity with respect to its shares ("Shares") pursuant to Rule 13e-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We list all the recent dividend announcements and dividend yields from PNK: CMRF where possible. display: none; 228 | Cell: 613-798-3804. e.tabw = e.tabhide>=pw ? #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; display: none; We encourage investors to do their own due diligence and research through programs of education that teach you to invest for yourself. .site-header { The offer price is 56.3 percent less than the REIT's most recent net asset value per share of $7.20, as of March 31, 2021. window.innerWidth : window.RSIW; Company Name, Ticker, Suppliers, else.. . This communication may be deemed to be solicitation material in respect of the proposed merger of INAV with CMFT. if(e.layout==="fullscreen" || e.l==="fullscreen") Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors
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