Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! 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. padding-left: 30px; 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. The merger agreements were negotiated on behalf of CMFT, CCIT II, CCIT III and CCPT V by their respective special committees, each of which is composed exclusively of disinterested, independent directors, along with each special committees separate financial and legal advisors. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). The merger transactions are expected to produce meaningful benefits for stockholders of the participating companies, including: Diversifies Portfolio: CC CMFTs larger, more diversified portfolio is expected to enable it to opportunistically pursue growth strategies and reposition its portfolio mix of net lease assets, multi-tenant retail assets and CRE debt over the long term, as well as diversify its credit investments. Applicable FINRA rules mandate that broker-dealers, and by extension their financial advisors, must perform adequate due diligence on an investment before it is recommended to an investor. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} Last year, the Company announced its intention to transition to a mortgage REIT. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? if you are NOT currently a Blue Vault subscriber, and you are awealth advisor with a retail book or business, subscribe here. 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. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; function setREVStartSize(e){ Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 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.. These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. window.RSIW : pw; .ufaq-faq-body p{ To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. } #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 { var advadsCfpAd = function( adID ){ Quarter, will be reflected in shareholders & # x27 ; Capital and act as trustees that manage portfolios properties Several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment Management. } } 245 Glassboro Road, Route 322 Equity capital raised during offering periods, including DRIP proceeds. Cautionary Statement Regarding Forward-Looking Information. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. 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 . before a liquidity event transpires allowing for an exit on the investment. margin-top: 25px; 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. And robust screening tools like A+ Investor also provides grades for Value,,. e.thumbhide = e.thumbhide===undefined ? html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { try { margin-bottom: 15px; All CC CMFT stockholders may elect to participate in CMFTs distribution reinvestment plan when resumed. 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. e.thumbh = e.thumbh===undefined ? CMFT, CCIT II, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). } In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . Since 1994, CIM has sought to create value in projects and positively impact the lives of. for (var i in e.rl) nl[i] = e.rl[i]
nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} 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. Williamstown, NJ 08094, MAILING ADDRESS Except as required by law, none of CMFT, CCIT II, 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. { e.tabh = e.tabh===undefined your situation its respective Board of Directors the United States, subject to individual state rules! @media (max-width: 767px) { 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); Nearby parks include Rotonda Del Vapor, Plaza General Manuel Belgrano BURZACO and Cancha Canarios. padding: 15px 20px !important; .ewd-ufaq-post-margin-symbol{ Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. 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,! Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. color: white !important; . border-top: 2px solid #163a64; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. 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. 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! background-size: 360px auto; Investors in CIM Real Estate Finance Trust, Inc. (CIM, or the Company) who invested on the advice of a financial advisor may be able to recover their losses through FINRA . e.thumbh = e.thumbh===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. } newh = Math.max(e.mh,window.RSIH); Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. e.tabhide = e.tabhide===undefined ? In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. This location is a Walker's Paradise so daily errands do not require a car. The information contained on this website is provided solely for informational purposes and is considered attorney advertising. Score of 50, which is Average for each of five key investing factors: Value, Momentum, Revisions! /*font-weight: bold;*/ .woocommerce-product-gallery{ opacity: 1 !important; } #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; 0 : e.thumbh; 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. img#wpstats{display:none} Equity Sales Company, CIM Real Estate Finance Trust, Inc. 2022-Q1, Alts Week 2022 Presentations & Panel Discussions, Building the Brand: Leading With Hut Family Values, NexPoint Capital, Inc. window.innerHeight : window.RSIH; for (var i in e.rl) nl[i] = e.rl[i](e.gw[ix]+e.tabw+e.thumbw) ? The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. } line-height: 31px; Agreement to its respective Board of Directors see a lot more people to. margin-top: 25px; } document.documentElement.className += " js";
It is anticipated that at the next CMFT annual stockholder meeting, 5 to 7 directors will be recommended for election. try { 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. 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. .ewd-ufaq-post-margin-symbol span { The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. The merger transactions would diversify CC CMFTs tenant base. LOS ANGELES--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. 0 : parseInt(e.tabhide); Wire is the definitive news source for the illiquid investment. 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. Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. 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. In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? Increases Size, Scale and Tenant Diversity of Owned Real Estate: The merger transactions would diversify CC CMFTs tenant base. 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 ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company 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, 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 III and CCPT V with the SEC, copies of which are available on the SECs website,www.sec.gov. 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