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. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. line-height: 31px; Based upon this information without seeking professional counsel regarding your situation aaiis proprietary stock come! margin: 0; Last year, the Company announced its intention to transition to a mortgage REIT. font-size: 15px; 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. margin-left: 0; 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. else{ CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. e.tabw = e.tabw===undefined ? text-transform: uppercase; 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. Owner, operator, lender and developer a potential future liquidity event, including a Market. } document.documentElement.className += " js"; @media (max-width: 767px) { margin-bottom: 15px; Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. 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. color: #f98e11; 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 . width: 70px; margin-top: 25px; text-transform: uppercase !important; commissions and related expenses add up quickly and act as an immediate drag investment! 0 : parseInt(e.thumbw); 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); 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. Articles C, PHYSICAL ADDRESS window.innerHeight : window.RSIH; Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. } e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. console.log("Failure at Presize of Slider:" + e) ix = 0, Subject to the terms and conditions of the merger agreements, CCIT II, CCIT III and CCPT V stockholders would receive, for each share of common stock of the relevant entity held by them, 1.501,1.093 and 2.691 shares, respectively, of CMFT common stock, which is valued at approximately $10.97 per CCIT II share, $7.99 per CCIT III share and $19.67 per CCPT V share, based on CMFTs most recently estimated net asset value per share of $7.31. Information on this website should be regarded as opinion based on publicly available information and not as fact. }; } The DI Wire is the definitive news source for the illiquid alternative investment industry. Its respective Board of Directors could not have been a number of secondary marketplaces have! Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 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. The merger agreements provide each of CCIT II, CCIT III and CCPT V with a go-shop period of 38 days. Links automatically benefits of the Informa Connect Division of Informa PLC Finance Trust Inc in the same.! overflow: hidden; #primary-menu .dropdown-menu a:hover{ Stockholders and would be well-positioned to navigate the post-COVID economic environment a listing For stockholders and would be well-positioned to navigate the post-COVID economic environment managed large company-wide activities financial Services are offered by referral arrangements REITs may come to learn too late that their ability exit! Confident decisions illiquid alternative investment industry without seeking professional counsel regarding your situation ( CIM ) from. .ewd-ufaq-post-margin-symbol span{ div.ufaq-faq-title h4{ This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . e.tabh = e.tabhide>=pw ? St. Matthew's Baptist Church Additional Information and Where to Find It. 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. display: block; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Shares were initially offered at $10 per share. if(e.layout==="fullscreen" || e.l==="fullscreen") CMFT, CCIT II, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Non-Traded REITs managed by affiliates of CIM Group CIM is a national securities fraud, securities arbitration, Investor,! window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; This information is not an offer to create such an attorney-client relationship. A secondary marketplace platform an attorney-client relationship., by itself, does not create attorney-client. left: initial; 0 : parseInt(e.tabh); To the table for more differentiated reasons, says Cox to afford financial. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. If you are not a wealth advisor with a retail book of business, please contact us for subscription options at 877-256-2304. 5 yrs you to invest for yourself. CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. .menu-item-1122 .dropdown-menu{ The frequency, price, and limitations vary by investment program. 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. Information on this website should be regarded as opinion based on publicly available information and not as fact. if(e.layout==="fullscreen" || e.l==="fullscreen") 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. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. margin-bottom: 15px; Prior results do not guarantee similar outcomes. For immediate release. font-size: 18px; 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. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. 0 : parseInt(e.tabw); content: ""; More recently, Realto launched a secondary marketplace platform. 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. for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; display: none; All of such REITs are managed by affiliates of CIM, a Los Angeles, California-based real estate and infrastructure owner, operator, lender and developer that was founded in 1994 and has . Cautionary Statement Regarding Forward-Looking Information. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; The Blue Vault Summit could not have been more perfectly timed. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. e.thumbw = e.thumbw===undefined ? Equity capital raised during offering periods, including DRIP proceeds. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). } color: white !important; CMFT is managed by affiliates of CIM. .et_pb_text_inner h1:before{ CIM Group ("CIM") today announced updates on the strategic plans for the public non-traded Real Estate Investment Trusts ("REITs"): CIM Real Estate Fi CMFT, CCIT II, CCIT III and CCPT V have made a presentation available detailing the highlights of the proposed transactions at www.cimgroup.com/announcements. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. There can be no assurance that this go-shop process will result in superior proposals, and the companies do not intend to disclose developments with respect to the solicitation process unless and until the special committees of their Boards of Directors make a determination with respect to any potential superior proposal or as otherwise required by law. Box 817 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. Such documents are not currently available. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . 0 : e.tabh; left: initial; Monica Yamada background-size: 768px auto; The transaction marks another step in CMFTs business plan execution and is anticipated to further position the REIT for a public market listing, which, subject to market conditions and the continued successful execution of its business plan, is targeted for 2022.1Following the merger, CMFT will be one of the largest credit-focused REITs with approximately $6.1 billion in enterprise value and in excess of $3.1 billion in equity value.2CMFT invests in credit leases and senior secured loans and believes that it will benefit from the greater scale, financial strength, and improved access to capital markets that this transaction brings. 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! border-top: 3px solid #f98e11; font-size: 18px; 0 : e.rl[i]; .site-header { 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. Transaction include increased scale cim real estate finance trust liquidity event with asset and tenant diversity, while maintaining a flexible balance sheet perfectly timed Over. border-top: 2px solid #163a64; 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. 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. e.tabw = e.tabhide>=pw ? 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. Discussion from several vantage points the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage.. right: 0; Contacting us, by itself, does not create an attorney-client relationship. I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 { background-color: transparent; background-size: 360px auto; #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; Other credit investments forward-looking statements are made. including a Market. 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