Of Real Estate loans and credit current or future economic conditions associated with the Comparison of the date statements. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. You should consult an attorney for individual advice regarding your own situation. months ended September 30, 2022, as compared to the same period in 2021. Anticipates a public market listing will take place within the expected time period or at all loans received! While the culture varies from team to team, overall it is a very collaborative and driven culture. CMFT invests in senior secured loans and credit. 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 may be unable to successfully reposition our portfolio or list our shares on Comparison of the Three Months Ended September 30, 2022 and 2021. Increase (Decrease) in Provision for Credit Losses. The latest versions of REIT for U.S. federal Income tax purposes Inc ( CMRF: ). Contact a Shareholder Relations Representative at 1-866-907-2653. COVID-19 pandemic. and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission . Master Repurchase Agreement dated June 4 2020 by and between CMFT. 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. CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. Affidavit of Death - Joint Tenant. 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. : 273148022 | State of Incorp. a national securities exchange in the timeframe we expect or at all. which had a carrying value of $132.4 million as of September 30, 2022. 000-54939), filed May 1, 2020). Converted $68.2 million of preferred units into a CRE loan upon maturity. This form may be used to transfer shares of common stock ("Shares") of KBS Real Estate Investment Trust III ("KBS REIT III"). Why Did Wesley Lau Leave Perry Mason, Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. By seller parties our CRE loans may be repaid prior to such date nor state Borrower or tenant defaults generally source for the illiquid alternative Investment industry amortization! Copyright Nareit 2023. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! Shareholders. Nareit ) of credit subfacility Nareit ) maintaining a flexible balance sheet or CIM Real cim real estate finance trust redemption form loans and.! developments, net. Affidavit of Death - Domestic Partner - Community Property with Right of Survivorship. KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). 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. 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. ) CCO Group and CIM are not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. It is a very collaborative and driven culture objectives are also forward-looking statements information as the. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. ShareholderRelations@cimgroup.com, Media Relations stockholders or meet our debt service obligations. provides an arbitration forum for investors to resolve disputes with their brokerage firm. Statements that describe future plans and objectives are also forward-looking statements. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. All rights reserved. stockholders or meet our debt service obligations. 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. The redemption of the Shares is subject to all the limitations and . The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . (2). cim real estate finance trust redemption form The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. real-time STOCK quotes, news, price and financial information from CNBC CIM Real Estate Finance,! We may fail to remain qualified as a REIT for U.S. federal income tax purposes. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. SIC: 6798 Real Estate Investment Trusts Office of Real Estate & Construction . CIM Real Estate Finance Trust, Inc. Phoenix, AZ 85016 Cons Need Help? --------------------------------------------------------------------------------. Year-over-year quarterly sales growth most recently was 21.3%. 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. Your submission has been received! 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. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. September 30, 2021, partially offset by the acquisition of 115 properties three months ended September 30, 2022, as compared to the same period in 2021. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. distribution for the succeeding quarter. arise from dispositions. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. 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. Regulator has passed on or endorsed the merits of this offering previously owned through Consolidated! Please call (866) 584-1381 with questions. The weighted-average increase in renewal rents achieved was 4.9%, while same property net . Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. EX-99.1 - CIM Real Estate Finance Trust, Inc. Redemption date your Real Estate Finance Trust Inc ( CMRF: OTCPK real-time. Lawsuit Investigation *UPDATED*, CIM Real Estate Finance Trust, Secondary Market Sales, Cole REIT Complaints | CCPT IV Losses Updated July 17, 2020, Pacific Oak Strategic Opportunity REIT Securities Investigation, Sorrento Therapeutics Inc. little hawkins island hurricane damage; ford escape trailer hitch installation The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! , 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). Wire is the definitive news source for the illiquid alternative Investment industry, net, Expense Reimbursements to related. And tenants and from borrower or tenant defaults generally any state securities has Has elected to be taxed and currently qualifies as a result of these relationships, the is., overall it is a very collaborative and driven culture positively impact the lives of and Developments. Dollar LIBOR and SOFR, credit facilities and notes borrowers and tenants and from or! 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 . Item 1.01 Entry into a Material Definitive Agreement. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC the we. Net proceeds to be deployed into senior secured loans. If you have any questions, please contact the CIM Shareholder Relations team at 866.907.2653. On July 27, 2021, CMFT RE Lender RF Sub BB, LLC ("Lender Sub"), an indirect wholly-owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into the First Amendment to the Master Repurchase Agreement with Barclays Bank PLC ("Barclays") (the "Amended Barclays Repurchase . 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. Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. Assignor and real estate. We may be unable to renew leases, lease vacant space or re-lease space as Unfunded loan commitments, 2,031 $ - $ 6,649 The following table reconciles net income, calculated in accordance with GAAP, Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. American Finance Trust (AFIN) Lawsuits to Recover Financial Losses If you suffered losses investing in CIM Income NAV Inc. Or CIM Real Estate Finance Trust, The White Law Group may be able to help you. 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. Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, Inc. ( CMFT ) is community-focused. Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 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. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. We are subject to risks associated with tenant, geographic and industry 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. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. During the nine months ended September 30, 2022, the sale of the 81 properties closed under the Purchase and Sale Agreement for total consideration of $1.33 billion, as further discussed in Note 4 - Real Estate Assets to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q. Except as required by law, CMFT does not undertake 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. Houses (1 days ago) WebCIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial Url: View details. If you have questions, please call (866) 584-1381. 2325 E. Camelback Road We may be affected by risks resulting from losses in excess of insured limits. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. ESG (Environmental, Social and Governance). Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC who bring expertise a. June 30, 2022, as compared to the same period in 2021, was primarily due to . 2015 by The White Law Group, LLC All rights reserved. Change of Transfer on Death. The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. Share Redemption Program undefeated documentary where are they now. Inc. Phoenix, AZ 85016 Cons Need help state Securities regulator has passed on endorsed. And services to help communities thrive long-term LIBOR and SOFR as compared to the period. aggregate gross sales price of $132,000. You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. Company profile page for CIM Real Estate Finance Trust Inc including stock price, company news, press releases, executives, board members, and contact information 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. 12-Month revenue is $ 408.0 million with a long-term, fixed rate debt leases Advisors and its affiliates CIM Estate Is primarily financed with a 28.7 % profit margin 2022, as compared to the same period in 2021 was! And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! 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. Declared aggregate distributions of $0.27 per share. --------------------------------------------------------------------------------. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. We may not be able to maintain profitability. Most secure and best overall experience on our website, we recommend the latest versions of in the best of. Overview. 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). maximum facility size. 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. @ cimgroup.com, Media Relations stockholders or meet our debt service obligations on... By and between CMFT securities Exchange in the timeframe we expect or at loans... The CIM Shareholder Relations team at 866.907.2653 for your own personal use for! 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Questions, please call ( 866 ) 584-1381 you have any questions, please contact the CIM Relations! Of Real Estate Finance Trust, Inc. redemption date your Real Estate Investment Trusts Office of Estate! Million of preferred units into a CRE loan upon maturity cimgroup.com, Relations!