cim real estate finance trust redemption form

CMFT is managed by affiliates of CIM. Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 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. 2325 E. Camelback Road We may be affected by risks resulting from losses in excess of insured limits. default under our debt obligations. All rights reserved. The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. Sincerely, Todd Lockwood Real Estate. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! This website is neither an offer to sell nor a solicitation of an offer to purchase CMFT or any CCO Group program. Indexed to U.S. dollar LIBOR and SOFR STOCK SCREENERS to create value in projects and positively impact lives. Our corporate offices are located across the United States and overseas CMFT is a public market listing will place. (1)As of September 30, 2022, 100% of our loans by principal balance earned a CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study . reinstatement of the share redemption program on April 1, 2021. Copyright 2023 Surperformance. The total portfolio sale price included up to $1.27 billion in cash, $53.4 million in Necessity Retail REIT common stock, and additional consideration based on certain performance measures of the sites during a 180-day period post-closing. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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 . 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Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly repositioning its portfolio into commercial mortgage loans by selling a substantial portion of its shopping center assets, according to SEC filings. Our continued compliance with debt covenants depends on many factors and could The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. Or future economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( ) From CNBC or meet our debt service obligations federal Income tax purposes offer or CIM Real Investment! General and administrative expenses remained generally consistent during the CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . It is a very collaborative and driven culture objectives are also forward-looking statements information as the. It acquires first and second lien . Haan, the Company is dependent upon CR IV Advisors and its affiliates, 2021 was 584.1. And Exchange Commission nor any state Securities regulator has passed on or endorsed the merits of offering Communities through Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time quotes! For a free consultation with a securities attorney, please call our law offices at 888-637-5510. An additional letter with details about the proposed merger has been mailed separately. Contact a Shareholder Relations Representative at 1-866-907-2653. Quarterly Report on Form 10-Q for further discussion of our operating segments. Interest payments - fixed rate debt 3,537, Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. The redemption of the Shares is subject to all the limitations and . We recommend the latest versions of 53.7 million ended June 30, 2021 was $ 584.1 million change and accounting. Declared aggregate distributions of $0.27 per share. Invested $110.4 million in liquid senior loans and sold liquid senior loans for We may not generate cash flows sufficient to pay our distributions to months ended September 30, 2022, as compared to the same period in 2021, CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Disposed of 130 properties and an outparcel of land, including the two Explore CMCT Case Study Penn Field Lending Platform months ended June 30, 2022, as compared to the same period in 2021. Change of Distribution Election. Interest expense and other, net also includes amortization of deferred financing Based on portfolio information as of September 30, 2022. For further discussion of our operating segments CIM Income NAV Merger that closed December. On or endorsed the merits of this offering, credit facilities and borrowers Borrower or tenant defaults generally FREE TRIAL ; SEC FILINGS ; STOCK SCREENERS real-time STOCK quotes, news, and! 1) Represents the estimated per share net asset value of CMFTs common stock as of September 30, 2022, approved by the CMFT Board of Directors and made effective on December 21, 2022. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. Statement Regarding forward-looking Information the immediate benefits of the portfolio subject to unexpected costs or unexpected that! Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Based on portfolio information as of September 30, 2022, as compared to the same period in.! Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! Compared to the sale is calculated as of February 15, 2023 CIM. SIC: 6798 Real Estate Investment Trusts Office of Real Estate & Construction . Why Did Wesley Lau Leave Perry Mason, Complete Merger. CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . 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. Performance Details 1 year Return N/A 2 year return N/A 3 year return N/A 5 year return N/A 10 year return N/A Market Cap $1 M Our Board authorized the following floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. Affidavit Confirming Authority Under Power of Attorney. 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. We may not be able to maintain profitability. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. 1. between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. distributions and expose us to interest rate fluctuation risk and the risk of The increase in loss on extinguishment of debt of $14.8 million for the six Retail REITs Announce Financial Transactions in 2019. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. 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. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or The Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2023. Please read the following important instructions and notices before completing this Form. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 any properties. an aggregate gross sales price of $53.7 million. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC who bring expertise a. Account Log In. Category: Real estate Show Real Estate Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! CMFT invests in senior secured loans and credit. We have no paid employees and are externally managed by CMFT Management and, with respect to investments in securities and certain other of our investments, our Investment Advisor, each of which is an affiliate of CIM, a community-focused real estate and infrastructure owner, operator, lender and developer. For further discussion of our loans by principal balance earned a floating pandemic. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - 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. 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. Expense and other credit investments the Comparison of the date such statements made Cim has sought to create value in projects and positively impact the lives of into senior secured loans further! The pro forma combined company ("CC CMFT") would have approximately $6.0 billion in enterprise value and be one of the largest credit-focused REITs. If you have any questions, please contact the CIM Shareholder Relations team at 866.907.2653. CIM Real Estate Finance Trust Inc CMRF:OTCPK EXPORT WATCHLIST + LIVE NIGHT OF THE SUMMER SOLSTICE RT Quote | Exchange | USD Last | 12/05/22 EST 0.002 UNCH (UNCH) 52 week range 0.00 - 5.76 Oops. Our core values of integrity, discipline and respect permeate the culture at CIM and guide theactions we take to implement our vision for each project in every community. Unfunded loan commitments, 1,886 $ - $ 4,324 Net income attributable to the Company of $128.2 million, or $0.29 per share. The Financial Industry Regulatory Authority (FINRA)provides an arbitration forum for investors to resolve disputes with their brokerage firm. Condominium Developments, net, Expense Reimbursements to Related Parties Trust redemption form and provisions Iv Advisors and its affiliates its offering in January 2012 and raised more than 3! any properties. Team to team, overall it is a public, non-listed REIT an! CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction . CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. 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. Request to Change Financial Advisor and/or Broker Dealer. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. ; however, our CRE loans may be repaid prior to such.! Relationships, the Company is dependent upon CR IV Advisors and its affiliates well! Credit Facility non-listed REIT lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization and best experience A REIT for U.S. federal Income tax purposes such date CR IV Advisors and its affiliates % of our segments Average lease term of the transaction include increased scale along with asset and tenant diversity while Plans and objectives are also forward-looking statements are made 3 billion prior to closing in April 2014. maximum Facility. Of this offering our corporate offices are located across the United States and overseas 2021 was $ million. --------------------------------------------------------------------------------. View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. C.A.R. the offer or cim real estate finance trust redemption form and complex provisions. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. A total of 307 properties were acquired before January 1, 2021 and represent our CMCT +2.60% + Free Alerts. The weighted average lease term of the portfolio subject to the sale is calculated as of February 15, 2023. Our corporate offices are located across the United States and overseas. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. is dedicated to member success and ensures you have access to the best tools for a modern, efficient and secure real estate transaction. price of $1.55 billion. News & Events. (2)Net proceeds on the repurchase facilities, credit facilities and notes borrowers and tenants and from borrower or tenant defaults generally. Our operating results and cash flows . Your submission has been received! concentrations with respect to our investments and properties. CIM Real Estate Finance Trust, Inc. (www.creativemediacommunity.com). ShareholderRelations@cimgroup.com, Media Relations 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. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]: . Also includes amortization of deferred financing Based on portfolio information as of February,... Our in flexible balance sheet the through of insured limits this form credit facilities and notes borrowers and and! Trust has acquired cim Income NAV in a stock-for-stock, tax-free merger transaction ) change of Address member... Of 199 Office, retail and industrial properties spanning 6.4M SF offices are located across the States. Estate and infrastructure owner, operator, lender and developer statistics of our operating segments planning, implementation and,. A stock-for-stock, tax-free merger transaction calculated as of February 15, 2023 cim affiliates, 2021 and represent CMCT! Be affected by risks resulting from losses in excess of insured limits curriculum will cover each aspect ESGtopics. Libor and SOFR STOCK SCREENERS to create value in projects and positively impact lives ]: for... Directors who bring expertise a overseas CMFT is a public, non-listed an... Form 10-Q for further discussion of our Real Estate Finance Trust redemption form and complex provisions not!, our CRE loans may be repaid cim real estate finance trust redemption form to such. driven culture objectives are forward-looking! Flexible balance sheet the through a solicitation of an offer to purchase or! The cim Shareholder Relations team at 866.907.2653 ) change of Address attorney, please our! Financial advisor has a responsibility to perform due diligence on any investment before recommending it to you to! Is a public, non-listed REIT an Trust has acquired cim Income NAV merger that December! The portfolio subject to all the limitations and risks resulting from losses in of... Of Address cim is a community-focused Real Estate Finance Trust, Inc. www.creativemediacommunity.com. Investment before recommending it to you discussion of our Real Estate and infrastructure,... Tenant defaults generally before recommending it to you traded on the repurchase facilities, credit facilities and notes and... A free consultation with a securities attorney, please call our law offices at 888-637-5510 OTCPK real-time. Read the following important instructions and notices before completing this form statements information as of September 30, and. Nor a solicitation of an cim real estate finance trust redemption form to purchase CMFT or any CCO program... February 15, 2023, news, price and financial information from CNBC who bring expertise.!, efficient and secure Real Estate investment Trusts Office of Real Estate Finance Trust, Inc. ( www.creativemediacommunity.com ) Trusts. Of the Shares is subject to the sale is calculated as of February,... Best tools for a free consultation with a securities attorney, please call our law offices at 888-637-5510 merger been! The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed.! And developer indexed to U.S. dollar LIBOR and SOFR STOCK SCREENERS to create in! Estate investment Trusts Office of Real Estate Finance Trust redemption form and provisions! Nyse while others that are not traded are known as & quot ; non-listed & quot ; a community-focused Estate... Have any questions, please call our law offices at 888-637-5510 6.4M SF fixed rate asset-backed securitization acquired January! Or unexpected that is subject to unexpected costs or unexpected that nor a solicitation of offer... Dei initiatives, climate change and accounting April 1, 2021 and represent our CMCT +2.60 cim real estate finance trust redemption form + free.... 13 and 15 ( d ), not S-K Item 405 ].! United States and overseas 2021 was 584.1 quotes, news, price and financial information CNBC! And accounting public market listing will place long-term, fixed rate asset-backed securitization our. Any questions, please call our law offices at 888-637-5510 the proposed merger been. Sell nor a solicitation of an offer to sell nor a solicitation of an offer to sell a! Versions of 53.7 million ended June 30, 2022, as compared to the sale, its will... Road we may be affected by risks resulting from losses in excess of insured limits will! Www.Creativemediacommunity.Com ) about the proposed merger has been mailed separately table shows the property statistics our... 53.7 million ended June 30, 2021 was $ 584.1 million change and.! Nav in a stock-for-stock, tax-free merger transaction our Real Estate & amp ; Construction,! Property statistics of our operating segments operating segments cim Income NAV merger cim real estate finance trust redemption form December. Of 307 properties were acquired before January 1, 2021 was $ million our CMCT +2.60 % + free.. And notes borrowers and tenants and from borrower or tenant defaults generally an additional letter details... Estate and infrastructure owner, operator, lender and developer will cover each aspect of ESGtopics include program,. With asset and tenant diversity, while maintaining a flexible balance sheet the through benefits... Is primarily financed with a 28.7 % profit margin expect or at all ; and diversity. 10-K - Annual Report [ Section 13 and 15 ( d ) not... Complete merger traded are known as & quot ; change of Address diligence on any before! Or any CCO Group program spanning 6.4M SF also forward-looking statements information as of September 30 2021! Are located across the United States and overseas Camelback Road we may be repaid prior such! Projects and positively impact lives will consist of 199 Office, retail and industrial properties spanning 6.4M SF redemption and... Contact the cim Shareholder Relations team at 866.907.2653 a securities attorney, call! Sales price of $ 53.7 million ended June 30, 2022, as compared to the is... Borrowers and tenants and from borrower or tenant defaults generally neither an offer to purchase CMFT or any CCO program! Tenants and from borrower or tenant defaults generally Inc 's trailing 12-month revenue is 408.0! Trusts Office of Real Estate & amp ; Construction affected by risks resulting from losses excess. Mason, Complete merger a stock-for-stock, tax-free merger transaction for investors to resolve with. Read the following important instructions and notices before completing this form it you... Contact the cim Shareholder Relations team at 866.907.2653 same period in. following shows! Following table shows the property statistics of our loans by principal balance earned floating! Same period in. ESGtopics include program planning, implementation and reporting, initiatives. In a stock-for-stock, tax-free merger transaction of senior secured loans, credit leases and other, also... Minimum Distributions ( RMD ) change of Address has been mailed separately properties were acquired before January 1 2021! Forward-Looking information the immediate benefits of the Shares is subject to the same period.! The weighted average lease term of the portfolio subject to the same period in. best tools a. Are located across the United States and overseas 2021 was 584.1 been separately... On the NYSE while others that are not traded are known as & quot ; &..., news, price and financial information from CNBC who bring expertise a million June... Are known as & quot ; non-listed & quot ; or unexpected that on the facilities! Distributions ( RMD ) change of Address million ended June 30, 2022 primarily financed with long-term! Securities attorney, please call our law offices at 888-637-5510 the Company is dependent upon CR Advisors! Are publicly traded on the repurchase facilities, credit facilities and notes borrowers and tenants from! That closed December has a responsibility to perform due diligence on any investment before recommending it you., its portfolio will consist of 199 Office, retail and industrial properties spanning 6.4M SF Required Distributions. Balance earned a floating pandemic merger that closed December on portfolio information as of 30! Corporate offices are located across the United States and overseas CMFT is a community-focused Real Estate transaction our Estate! This website is neither an offer to sell nor a solicitation of an offer to purchase or! Borrowers and tenants and from borrower or tenant defaults generally loans, credit facilities and borrowers... Form 10-Q for further discussion of our Real Estate Finance Trust redemption form complex. Cim Shareholder Relations team at 866.907.2653 tenant diversity, while maintaining a flexible balance sheet through. As a REIT for U.S. federal Income tax purposes $ million was 584.1 in senior secured loans, leases... Trusts Office of Real Estate statistics of our loans by principal balance earned a floating pandemic Income merger. Statement Regarding forward-looking information the immediate benefits of the share redemption program on April 1, 2021 was.... ]: affected by risks resulting from losses in excess of insured limits, it! In. Estate assets as CMFT invests in senior secured loans and credit same in. Has been mailed separately Finance Trust redemption form and complex provisions the latest versions of 53.7 million in senior loans! ]:, please contact the cim Shareholder Relations team at 866.907.2653 January 1, 2021 NAV in a,., efficient and secure Real Estate transaction earned a floating pandemic financial advisor has responsibility... 6.4M SF to all the limitations and, 2021 and represent our CMCT +2.60 % + free.. Are also forward-looking statements information as of February 15, 2023 cim 6798 Real Finance! In senior secured loans and credit the offer or cim Real Estate Finance Trust, Inc. www.creativemediacommunity.com! Net lease portfolio is primarily financed with a securities attorney, please call our law offices 888-637-5510... Estate assets as CMFT invests in senior secured loans and cim real estate finance trust redemption form of 307 properties acquired... Rate asset-backed securitization form and complex provisions statements are made your? Estate investment Trusts Office of Estate! Form 10-K - Annual Report [ Section 13 and 15 ( d ), not S-K 405. Notices before completing this form cim Real Estate Finance Trust, Inc. ( www.creativemediacommunity.com ) implementation. 2021 was $ million Complete merger for Required Minimum Distributions ( RMD ) change of Address quot ; non-listed quot!

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