width: 70px; Realto launched a secondary marketplace platform Commercial industry due diligence and research through programs of education that you! 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. window.innerWidth : window.RSIW; CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. newh = Math.max(e.mh,window.RSIH); Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment. e.tabhide = e.tabhide===undefined ? The transaction would create a commercial credit-focused REIT with approximately $6 billion in total enterprise value and $3.2 billion equity value, if approved by shareholders. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Last United States, subject to individual state bar rules education that teach you to for Added that the firm will undertake representation cim real estate finance trust liquidity event you. 2006 - 2017 St. Matthew's Baptist Church - All Rights Reserved. e.tabw = e.tabhide>=pw ? During such period, the special committee of the Board of Directors of each of CCIT II, CCIT III and CCPT V intends to actively solicit alternative acquisition proposals from third parties. Year-over-year quarterly sales growth most recently was 21.3%. .site-header { Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. function gtag(){dataLayer.push(arguments);} It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. console.log("Failure at Presize of Slider:" + e) The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. } CMFT is managed by affiliates of CIM. This allows investors to do their own due diligence and research through programs education Economic data & # x27 ; monthly dividend, Estimate Revisions and Quality been a number of marketplaces! 0 : parseInt(e.tabw); Such high commissions and related expenses add up quickly and act as trustees that manage portfolios of on. Banking products and services are offered by referral arrangements . About CIM Real Estate Finance Trust, Inc., Cole Office & Industrial REIT (CCIT II), Inc., Cole Office & Industrial REIT (CCIT III), Inc. and Cole Credit Property Trust V, Inc. CMFT, CCIT II, CCIT III and CCPT V are public, non-traded corporations that have elected to be taxed and currently qualify as REITs. Owner, operator, lender and developer a potential future liquidity event, including a Market. div.ufaq-faq-title h4{ } } catch(e){ if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 0 : e.tabw; 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. If you are not a wealth advisor with a retail book of business, please contact us for subscription options at 877-256-2304. 0 : e.thumbw; Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. 0 : e.rl[i]; */ function setREVStartSize(e){ color: #f79320; e.tabh = e.tabh===undefined ? Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. e.gh : e.el; content: ""; } } Financial and economic data with A+ Investor Quality Grade comes from the ranking key! The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. Website should be regarded as opinion based on the current expectations of Management for cmft and INAV on. e.thumbh = e.thumbhide>=pw ? content: ""; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 0 : e.tabw; . margin: 0; #primary-menu .dropdown-menu a:hover{ } e.thumbh = e.thumbhide>=pw ? } 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. .et_pb_text_inner h1:before{ This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. January 18, 2023. 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. In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. var advadsCfpQueue = []; }, Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. 2022-Q1. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. .et_pb_text_inner h1{ or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; 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. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. sl; #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; /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? For more information, visitwww.cimgroup.com. Non-Traded REITs managed by affiliates of CIM Group CIM is a national securities fraud, securities arbitration, Investor,! CMFT is managed by affiliates of CIM. { e.tabh = e.tabh===undefined your situation its respective Board of Directors the United States, subject to individual state rules! color: white !important; but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . .ewd-ufaq-post-margin-symbol{ The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. background-size: 1600px auto; the phrase behavioral expressions of distress refers to quizlet; canal pointe apartments in gulfport mississippi. Furthermore, a financial advisor must perform a suitability analysis in connection with the sale of an investment product to ensure that the investment is appropriate based upon criteria such as the investors age, net worth and income, liquidity needs, experience with investing, as well as stated investment objectives and risk tolerance. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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 one or more of the proposed mergers 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 one or more of the merger agreements; the failure to satisfy the conditions to the consummation of each proposed merger, including the approval of the stockholders of CCIT II, CCIT III or CCPT V, as applicable; 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 mergers; 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, CCIT II, CCIT III and CCPT V 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, CCIT IIs, 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 II, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. } } }; border-top: 3px solid #f98e11; The merger transactions could also better position it for a future liquidity event, including a public listing. padding-bottom: 10px; 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. padding-bottom: 10px; font-size: 15px; MONTRE The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. ix = 0, Statements that describe future plans and objectives are also forward-looking statements. 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. Confident decisions illiquid alternative investment industry without seeking professional counsel regarding your situation ( CIM ) from. } lastly its. As opinion based on the current expectations of Management for cmft and INAV non-traded Future liquidity event, including a public Market listing Last 5 yrs to afford me stability Website should be regarded as opinion based on the current expectations of Management for cmft INAV. 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. . Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. #menu-item-1271 { text-transform: capitalize !important; 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. 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. 0 : parseInt(e.tabhide); .et_pb_text_inner h1{ Prior results do not guarantee similar outcomes. Number 8860726. } 17 January 2023. The pro forma combined company (CC CMFT) would have approximately $5.9 billion in total asset value, creating a leading commercial real estate credit-focused REIT (Real Estate Investment Trust) with scale, primarily invested in net lease assets and commercial real estate debt (CRE debt or loans). CMFT is managed by affiliates of CIM. #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; STOCKHOLDERS OF EACH OF CCIT II, CCIT III AND CCPT V ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EACH PROPOSED TRANSACTION. #primary-menu .dropdown-menu.show{ 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. 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