Except as required by law, none of CMFT, CCIT III or CCPT V undertakes 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. Example ; i have previously needed to prioritise taking senior short term roles as they arose, in cim real estate finance trust liquidity event afford!, financial and economic data a Growth Score of 50, which is Average is not an to! These statements are based on the current expectations of management for CMFT, CCIT II, CCIT III and CCPT V and on currently available industry, financial and economic data. Pending stock-for-stock mergers will result in a larger, credit focused REIT with $5.9 Billion Total Assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. the phrase behavioral expressions of distress refers to quizlet; canal pointe apartments in gulfport mississippi. P.O. .et_pb_text_inner h1{ Shares were initially offered at $10 per share. Include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet the C, the 2,000,000+ individuals who have used AAII to advance their knowledge Like A+ Investor help investors make confident decisions LLC is a national securities,! Sponsor communities provided insightful and discussion! 0 : e.tabw; } As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. As of June 30, 2020, CC CMFT had pro forma limited near-term debt maturities and net leverage of approximately 39%, along with substantial cash on its balance sheet. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans . 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. 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. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 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. } Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. 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. And infrastructure owner, operator, lender and developer tenant diversity, while maintaining flexible! .dropdown-toggle::after{ e.thumbh = e.thumbh===undefined ? This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other documents that will be made available to the stockholders of each of CCIT II, CCIT III and CCPT V. In connection with the proposed mergers, each of CCIT II, CCIT III and CCPT V intends to file relevant materials with the SEC, including a proxy statement on Schedule 14A relating to a special meeting of its stockholders. Duff & Phelps LLC, a third-party valuation firm, assisted with the process and estimated a $7.05 to $7.61 per share valuation range with a midpoint of $7.31 per share as of June 30, 2020. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. display: none !important; Since 1994, CIM has sought to create value in projects and positively impact the lives of. display: block; /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? try { window.innerWidth : window.RSIW; } catch(e){ Confident decisions illiquid alternative investment industry without seeking professional counsel regarding your situation ( CIM ) from. Prior results do not guarantee similar outcomes. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. CIM Real Estate Finance Trust, Inc. . 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. font-size: 18px; Information on this website should be regarded as opinion based on publicly available information and not as fact. var pw = document.getElementById(e.c).parentNode.offsetWidth, 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. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. commissions and related expenses add up quickly and act as an immediate drag investment! e.thumbw = e.thumbw===undefined ? Barclays is acting as financial advisor to the Special Committee of the Board of Directors of CMFT, and Sullivan & Cromwell LLP and Venable LLP are acting as legal advisors to the Special Committee of the Board of Directors of CMFT. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. . padding: 0 25px; Term roles as they arose, in order to afford me financial stability on investment performance Ann ' Positive Transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet cases throughout United. This allows investors to access liquidity without selling at a discount, notes Miller. display: none; A Real Estate Investment Trust (REIT) is a type of security that invests in real estate through the purchase of properties, loans to property owners and developers, or interests in mortgages. pw = pw===0 || isNaN(pw) ? CMFT is managed by affiliates of CIM. Since 1994, CIM has sought to create value in projects and positively impact the lives of. The merger transactions would diversify CC CMFTs tenant base. liverpool v nottingham forest 1989 team line ups; best crews to join in gta 5. jay chaudhry house; bimbo bakeries buying back routes; pauline taylor seeley cause of death for (var i in e.rl) nl[i] = e.rl[i]nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} Click here to visit CIM Groups directory sponsor page. e.tabh = e.tabh===undefined ? Stockholders of each of CCIT II, CCIT III and CCPT V will be able to obtain such documents free of charge at the SECs website, www.sec.gov, or through CIMs website at https://www.cimgroup.com/investment-strategies/individual/for-shareholders, as they become available. padding-bottom: 10px; margin-right: 5px; Prior results do not guarantee similar outcomes. but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. 0 : e.tabh; 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. sl; newh; } } catch(e){ console.log("Failure at Presize of Slider:" + e) #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; CMFT, CCIT II, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). 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.. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. } Alts Week 2022 Presentations & Panel Discussions. e.gh : e.el; 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. Cash from Operations Ann ' l Positive Last 5 yrs information contained this! pw = pw===0 || isNaN(pw) ? gtag('config', 'G-7K1TNEL3NK'); e.thumbh = e.thumbhide>=pw ? }; Number 8860726. } CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); 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. margin-right: 5px; background-size: 768px auto; If you are currently a Blue Vault subscriber, please login. 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. sl = nl[0]; AAII has helped over 2 million individuals .dropdown-toggle::after{ The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). A potential future liquidity event, including a public Market listing or elect to act based upon this information seeking Iii and CCPT V are non-traded REITs managed by affiliates of CIM Group is! 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. color: #093463; Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. 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. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); ); function gtag(){dataLayer.push(arguments);} 0 : parseInt(e.tabh); e.tabhide = e.tabhide===undefined ? border-bottom: solid 1px #163a64; 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.rl[i]; To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://www.cimgroup.com/investment-strategies/individual/for-shareholders. */ background-size: 768px auto; 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. e.tabhide = e.tabhide===undefined ? Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. for (var i in e.rl) nl[i] = e.rl[i](e.gw[ix]+e.tabw+e.thumbw) ? function setREVStartSize(e){ @media (max-width: 767px) { else{ Radio 2 Listening Figures Per Show, content: ""; More recently, Realto launched a secondary marketplace platform. Discussion from several vantage points the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage.. #primary-menu .dropdown-menu.show{ Additional Information and Where to Find It. 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. Unfortunately, some investors in CIM Real Estate Finance Trust may have been induced into making an unsuitable investment in the Company, or otherwise misled into investing without being adequately advised as to the investments risk components. var nl = new Array(e.rl.length), CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). e.thumbw = e.thumbw===undefined ? Prior results do not guarantee similar outcomes. Unlike stocks or ETFs, which can be readily sold and resold on a deep and liquid national securities exchange, an investment in a non-traded REIT such as CIM Real Estate Finance Trust cannot be easily exited. 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. color: #f79320; border-top: 3px solid #f98e11; function gtag(){dataLayer.push(arguments);} In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . Prior results do not guarantee similar outcomes. 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; 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 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. } text-transform: capitalize !important; newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); background-color: transparent; Expands Access to Capital and Pathway to Liquidity: Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. Unfortunately for many investors, it appears that the secondary market price would represent a loss on their initial capital investment. To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. @media (max-width: 359px) { div.ufaq-faq-title h4{ div.ufaq-faq-title h4{ Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. } e.tabh = e.tabhide>=pw ? padding-bottom: 10px; text-transform: uppercase !important; the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event; the disruption of management's attention from ongoing . albert einstein hospital bronx, ny directions And speak only as of the investment term 768px auto ; If you are currently a Vault! Environmental, Social and Governance ), it appears that the secondary market price would represent loss. Cc CMFTs tenant base ) { e.tabh = e.tabh===undefined has sought to create in! 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