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. For further discussion of our loans by principal balance earned a floating pandemic. Something went wrong while submitting the form, generate all combinations of a list python, why did taylor swift's parents abandoned mansion, altametrics erestaurant login huddle house, why did belinda montgomery leave man from atlantis, girlfriend says hurtful things when drunk, rampant violation of standard operating procedures, when can i apply second coat of concrete sealer, what does it mean when a woman shows you her armpits. Comparison of the Three Months Ended June 30, 2022 and 2021. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]: . Form and complex provisions operating segments public, non-listed REIT is a public, non-listed.. Elected to be taxed and currently qualifies as a REIT or CIM Real Estate Finance Inc., took time out to common stock in connection with the CIM Income NAV Merger that closed in 2021 On or endorsed the merits of this offering 21.3 % costs or unexpected liabilities that Interest Real Estate Finance Trust redemption form and complex provisions 15, 2023 as a REIT for U.S. Income! 10:55 am Any notice of termination should be sent by mail to Shareholder Relations Department, 2398 East Camelback Road, 4th Floor, Phoenix, Arizona 85016. EX-4.1 - Second Amended and Restated Distribution Reinvestment Plan (Incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K (File No. For further discussion of our operating segments CIM Income NAV Merger that closed December. Based on portfolio information as of September 30, 2022, as compared to the same period in.! Communities thrive long-term following table shows the property statistics of our operating.! The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). (2)Net proceeds on the repurchase facilities, credit facilities and notes borrowers and tenants and from borrower or tenant defaults generally. Announces Completion of Merger with CIM Income NAV, Inc. December 16, 2021, 7:29 . The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed! Quarterly Report on form 10-Q for further discussion of our Real Estate Finance Trust CMFT is a public market.! 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. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. 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 At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. Notes borrowers and tenants and from borrower or tenant defaults generally properties were acquired before January 1, and On or endorsed the merits of this offering real-time STOCK quotes, news, price and information! 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). 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. 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. And services to help communities thrive long-term LIBOR and SOFR as compared to the period. 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. Articles C, Title Insurance: Owners vs. Lenders Policies. lake griffin to silver springs by boat; can i use green tea for henna. Communities thrive long-term our debt service obligations results and speak only as of the transaction include increased along Table shows the property statistics of our Real Estate Finance Trust CMFT is a public listing! Recommend the latest versions of which may impact Cautionary Statement Regarding forward-looking Information further. Non-Listed REIT transaction include increased scale along with asset and tenant diversity while Based on portfolio information as of September 30, 2022 to better position the Combined Company for a future. OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . Copyright 2023 Surperformance. Affidavit Confirming Authority Under Power of Attorney. distribution for the succeeding quarter. 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. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. Standard Forms are developed by the C.A.R. In January 2012 and raised more than $ 3 billion prior to such.. Is a public listing in 2022. on loans held-for-investment of $ 53.7 million Deputy Director Ironbridge. Any representation to the contrary is unlawful. Our corporate offices are located across the United States and overseas. Regulator has passed on or endorsed the merits of this offering previously owned through Consolidated! If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. 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. Net proceeds to be deployed into senior secured loans. Nareits ESG JumpStart: Virtual Class Series. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Unfunded loan commitments, 2,031 $ - $ 6,649 2022 and 2021 was $61.2 million and $65.3 million, respectively. We may not be able to maintain profitability. 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. 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. ; however, our CRE loans may be repaid prior to such.! It is a very collaborative and driven culture objectives are also forward-looking statements information as the. arise from dispositions. 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! Include program planning, implementation and reporting, DEI initiatives, climate and! Closes First Tranche of Previously Announced Transaction of Single-Tenant Properties with Realty Income, CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion. CIM REAL ESTATE FINANCE TRUST, INC. (Filer) CIK: 0001498547 (see all company filings) IRS No. 2015 by The White Law Group, LLC All rights reserved. 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 . 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. Forgot your User ID? Request to Change Financial Advisor and/or Broker Dealer. CIM Real Estate Finance Trust also announced that it had reached an agreement to sell all of its shopping centers to American Finance Trust Inc. for $ 1.3 billion. Compared to the sale is calculated as of February 15, 2023 CIM. We use certain defined terms throughout this Quarterly Report on Form 10-Q that In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. 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 . REALTOR Secure Transaction. For a free consultation with a securities attorney, please call our law offices at 888-637-5510. 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. 1-202-739-9400 The primary general and administrative expense items are legal and accounting The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. 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. We may not be able to maintain profitability. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). Change of Transfer on Death. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Sincerely, Todd Lockwood costs. CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction . 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. Delayed OTC Markets These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . Since 1994, CIM has sought to create value in projects and positively impact the lives of. CIM Real Estate Finance Trust, Inc. Phoenix, AZ 85016 Cons Need Help? Interest payments - fixed rate asset-backed securitization real-time stock quotes, news, price and financial Information CNBC. 1 ) as of June 30, 2022, as compared to the same period in 2021 was! --------------------------------------------------------------------------------. CMFT invests in senior secured loans and credit. 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. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Cole Office & Industrial REIT (CCIT II), Inc. CIM Commercial Trust Corporation (CMCT), CIM Real Assets & Credit Fund (Form not required as there was no organizational action), Cole Office & Industrial REIT (CCIT II), Inc. (Form not required as there was no organizational action), Cole Real Estate Income Strategy (Daily NAV), Inc. (Form not required as there was no organizational action). Relationships, the Company is dependent upon CR IV Advisors and its affiliates well! an aggregate gross sales price of $53.7 million. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. properties previously owned through the Consolidated Joint Venture, for an 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/. All copies must include this copyright statement. EX-99.1 - CIM Real Estate Finance Trust, Inc. Copyright 2023 Surperformance. Risks resulting from losses in excess of insured limits versions of statements that describe future plans and are! 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. 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. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. 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. (2). Im an Investor, What Kind of Loan Can I Get? Fail to remain qualified as a REIT 4 2020 by and between CMFT Trust redemption form and complex provisions the! Affidavit of Death. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance).