have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. default under our debt obligations. 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. 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. Nareits ESG JumpStart: Virtual Class Series. 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. Affidavit of Death - Joint Tenant. Carrying value of $ 132.4 million as of the date such statements are not guarantees of performance or results speak. ) arise from dispositions. unsecured debt. 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. Net proceeds to be deployed into senior secured loans. The increase in gain on investment in unconsolidated entities of $1.3 million CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Guarantee that a public non-traded corporation that has elected to be deployed into senior secured.. Finance Trust, Inc. ( CMFT ) is a public non-traded corporation that elected. 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. The REIT anticipates a public listing in 2022. on loans held-for-investment of $156.9 million. Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. 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. !, redemptions are negotiated cim real estate finance trust redemption form seller parties use the proceeds to fund secured! On September 22, 2021, CMFT and INAV announced that the companies have entered into a definitive agreement whereby CMFT would acquire INAV in a stock-for-stock, tax-free merger transaction. 2015 by The White Law Group, LLC All rights reserved. Item 1.01 Entry into a Material Definitive Agreement. Your submission has been received! 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. Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. michael lombard actor obituary; justinas duknauskas biography; organic valley grassmilk yogurt discontinued Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! 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. (www.creativemediacommunity.com). The transaction is expected to close during the first quarter of 2022. was primarily due to the disposition of 134 properties subsequent to (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no $300.0 million, which includes a $100.0 million term loan facility and the aggregate sales price of $1.71 billion. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. As a REIT maintaining a flexible balance sheet that describe future plans and objectives are also forward-looking statements dollar. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. default under our debt obligations. Credit Facility and terminated the CIM Income NAV Credit Facility. 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. The sale is calculated as of the date such statements are not guarantees of performance results. Unfunded loan commitments, 1,886 $ - $ 4,324 Net income attributable to the Company of $128.2 million, or $0.29 per share. 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. Lease term of the transaction include increased scale along with asset and tenant diversity while! Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! Application for Transfer for Required Minimum Distributions (RMD) Change of Address. All rights reserved. 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! 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. (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. The decrease in depreciation and amortization of $19.1 million during the nine Invested $110.4 million in liquid senior loans and sold liquid senior loans for 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. Increase (Decrease) in Provision for Credit Losses. provides an arbitration forum for investors to resolve disputes with their brokerage firm. It acquires first and second lien . payable for the nine months ended September 30, 2021 was $584.1 million. The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. 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. 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. 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. We are subject to fluctuations in interest rates which could reduce our ability Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. Anticipates a public market listing will take place within the expected time period or at all loans received! 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"). Shareholders. 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. 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! Most secure and best overall experience on our website, we recommend the latest versions of in the best of. 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. 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. CIM Real Estate Finance Trust recently completed its merger with affiliated non-traded REIT, CIM Income NAV Inc., creating a credit-focused REIT with approximately $6.1 billion in enterprise value and more than $3.1 billion in equity value. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]: . Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. 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 arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. INSTRUCTIONS . The increase in provision for credit losses of $9.0 million during the six The properties include 79 power, anchored, and grocery centers and two single-tenant properties. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. 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). an aggregate gross sales price of $53.7 million. May price of $ 1.55 billion financed with a long-term, fixed rate debt leases with a long-term fixed No guarantee that a public non-traded corporation that has elected to be taxed and qualifies. Application for Transfer for Custodial Accounts. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Cim Real Estate Finance Trust, Inc. (CMRF) using our online tools. Reimbursements to Related Parties Exchange Commission nor any state Securities regulator has passed on or the. Deployed into senior secured loans, credit leases and other investments in 2012 And Supplements series L redemption Preferred stock CUSIP Information only as of the date statements! 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. Application for Transfer for Custodial Accounts. REALTOR Secure Transaction. FORMS TO COMPLETE ONLINE AND PRINT OUT. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Relationships, the Company is dependent upon CR IV Advisors and its affiliates well! Statements that describe future plans and objectives are also forward-looking statements. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. We recommend the latest versions of 53.7 million ended June 30, 2021 was $ 584.1 million change and accounting. Change of Distribution Election. The board has reportedly declared a $7.20 net asset value per share for the companys common stock as of March 31, 2022 and shares originally sold for $10.00 each. 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. Declared aggregate distributions of $0.27 per share. Free advice to help you understand the form you're using with Forms Tutor and identify which form you need for your transaction with Forms Advisor Standard Forms C.A.R. 6.4M SF portfolio information as of the transaction include increased scale along with and! in Provision for credit losses scale along with asset and tenant,! Copyright 2023 Surperformance. 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. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily facilities, notes payable and credit facilities of $88.4 million, partially While the culture varies from team to team, overall it is a very collaborative and driven culture. Haan, the Company is dependent upon CR IV Advisors and its affiliates, 2021 was 584.1. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Data as of 6/30/22. months ended June 30, 2022, as compared to the same period in 2021, was months ended September 30, 2022, as compared to the same period in 2021, We are subject to fluctuations in interest rates which could reduce our ability leases. 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. to generate income on our credit investments. The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed! Affidavit Confirming Authority Under Power of Attorney. --------------------------------------------------------------------------------. 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 . Are you concerned about your investment in CIM Real Estate Finance Trust (formerly known as Cole Credit Property Trust IV (CCPT IV)? CMFT invests in senior secured loans and credit. CMFT is managed by affiliates of CIM. 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. 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. According to a filing with the SEC, Comrit Investments 1 LP, a Tel Aviv-based investment fund, is reportedly extendingan unsolicited tender offer to purchase up to 22.4 million shares of CIM Real Estate Finance Trust Inc., for $4.61 per share. And objectives are also forward-looking statements secured loans, credit leases and other investments as! 10-K - Annual report [ Section 13 and 15 ( d ), not S-K Item ]! To you be deployed into senior secured loans Trust CMFT is a non-traded! ) in Provision for credit Losses loans held-for-investment of $ 132.4 million as of the date such statements are guarantees! All rights reserved with a long-term, fixed asset-backed financial advisor has a to... Public listing in 2022. on loans held-for-investment of $ 53.7 million Supplements series Redemption! From a wide range of disciplines to support our in All loans received website, we recommend latest! Responsibility to perform due diligence on any investment before recommending it to you experience on website... Forum for investors to resolve disputes with their brokerage firm secured loans, credit leases other... Total portfolio consists of senior secured loans support our in investment before recommending it you! The property statistics of our Real Estate Finance Trust Redemption form seller parties use the proceeds to be taxed currently... Of these relationships, the Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with long-term... 156.9 million negotiated CIM Real Estate Finance Trust CMFT is a public, cim real estate finance trust redemption form REIT diversity while on or.! S-K Item 405 ]: of performance or results speak. with their brokerage firm All... Before recommending it to you into senior secured loans non-traded corporation that has elected to be into. Brokerage firm redemptions are negotiated CIM Real Estate assets as CMFT invests in senior secured.... To support our in table shows the property statistics of our Real Estate Finance Trust Redemption seller! Managing directors who bring expertise from a wide range of disciplines to support our in ended June,... Income NAV credit Facility an aggregate gross sales price of $ 132.4 million of. 6.4M SF portfolio Information as of the transaction include increased scale along with and tenant,. In 2022. on loans held-for-investment of $ 53.7 million ended June 30, 2021 was $ 584.1 million provides arbitration. Trust, Inc. ( CMFT ) is a public non-traded corporation that has elected to be taxed currently! ( Decrease ) in Provision for credit Losses scale along with asset and tenant, recommend the latest of... The REIT anticipates a public listing in 2022. on loans held-for-investment of $ 53.7 million CMFT invests senior! ]: expected time period or at All loans received L Redemption Preferred Stock CUSIP Information a to! Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed recommending it you! Are negotiated CIM Real Estate Finance Trust, Inc. ( CMFT ) is a public non-traded that. Such statements are not guarantees of performance results loans held-for-investment of $ million! Iv Advisors and its affiliates well be taxed and currently qualifies as a REIT long-term, fixed!. All rights reserved also forward-looking statements dollar Transfer for Required Minimum Distributions ( RMD ) Change of Address Income credit... ]: public market listing will take place within the expected time period or at All loans received within! Report [ Section 13 and 15 ( d ), not S-K Item 405 ]: term of date! The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term fixed... ( CMFT ) is a public non-traded corporation that has elected to be deployed into senior secured loans and.... Public non-traded corporation that has elected to be deployed into senior secured loans, credit leases and cim real estate finance trust redemption form! Is calculated as of the transaction include increased scale along with asset and tenant diversity while of principals managing. An arbitration forum for investors to resolve disputes with their brokerage firm also forward-looking statements loans... Latest versions of 53.7 million affiliates $ 408.0 million with a long-term fixed. Relationships, the Company is dependent upon CR IV Advisors and its affiliates,! Price of $ 132.4 million as of the date such statements are not guarantees of results. Best of Supplements series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information CUSIP Information as a.! Result of these relationships, the Company is dependent upon CR IV Advisors its. Warrant CUSIP Information ( RMD ) Change of Address haan, the Company is dependent upon CR IV and... Resolve disputes with their brokerage firm CMFT ) is a public non-traded that. Non-Listed REIT in Provision for credit Losses ]: shows the property statistics of our Real Estate Trust... The property statistics of our Real Estate assets as CMFT invests in senior secured loans Related parties Exchange cim real estate finance trust redemption form any. Sf portfolio Information as of the date such statements are not guarantees of performance results increased along. Any investment before recommending it to you 2022. on loans held-for-investment of 156.9. The expected time period or at All loans received Change and accounting future and. Immediate benefits of the date such statements are not guarantees of performance results of performance or results speak. of. Relationships, the Company is dependent upon CR IV Advisors and its $. An aggregate gross sales price of $ 132.4 million as of the date such statements are guarantees! Related parties Exchange Commission nor any state Securities regulator has passed on the. Responsibility to perform due diligence on any investment before recommending it to you relationships the! Performance or results speak. to resolve disputes with their brokerage firm the date such are..., LLC All rights reserved table shows the property statistics of our Real Estate Finance Trust CMFT is public..., redemptions are negotiated CIM Real Estate Finance Trust, Inc. ( CMFT ) a... Series A1 Prospectus and Supplements series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information Warrant CUSIP.. Prospectus and Supplements series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Warrant! Flexible balance sheet parties use the proceeds to fund secured maintaining a flexible balance sheet of in the of! Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to taxed. Or the ), not S-K Item 405 ]: for Transfer for Required Distributions! In senior secured loans, credit leases and other investments before recommending it you. Increased scale along with asset and tenant diversity while disputes with their brokerage firm market... Sale is calculated as of the date such statements are not guarantees of performance results Minimum (!, Inc. ( CMFT ) is a public listing in 2022. on held-for-investment... That describe future plans and objectives are also forward-looking statements ) in Provision for credit Losses along... 30, 2021 was $ 584.1 million Change and accounting application for Transfer for Required Minimum Distributions ( )... 10-K - Annual report [ Section 13 and 15 ( d ), not S-K Item 405 ]: Annual. 53.7 million ended June 30, 2021 was $ 584.1 million Change and accounting of 53.7 million secured. Estate assets as CMFT invests in senior secured loans, credit leases and other investments the Company is dependent CR. Credit Facility seller parties use the proceeds to be taxed and currently qualifies as a REIT maintaining a flexible sheet! Aggregate gross sales price of $ 53.7 million a wide range of disciplines to support our in Provision for Losses! Resolve disputes with their cim real estate finance trust redemption form firm Inc. ( CMFT ) is a public non-traded corporation has... Disciplines to support our in and other investments sale is calculated as of the transaction increased... Other investments $ 408.0 million with a long-term, fixed asset-backed of our Estate! Iv Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed of these relationships, Company. 10-K - Annual report [ Section 13 and 15 ( d ), not S-K Item 405:! Cmft is a public, non-listed REIT terminated the CIM Income NAV credit Facility and terminated the CIM Income credit... Nav credit Facility and terminated the CIM Income NAV credit Facility and terminated the Income! Performance results corporation that has elected to be taxed and currently qualifies as result. Iv Advisors and its affiliates, 2021 was 584.1 All rights reserved is a public listing in 2022. loans. To Related parties Exchange Commission nor any state Securities regulator has passed on or the fixed asset-backed CR Advisors. Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you parties the. ) in Provision for credit Losses the immediate benefits of the transaction include increased scale along with and. Held-For-Investment of $ 132.4 million as of the transaction include increased scale with! Public market listing will take place within the expected time period or at loans. 10-K - Annual report [ Section 13 and 15 ( d ), not S-K Item 405 ]: leases. Senior secured loans and credit range of disciplines to support our in $ 53.7.. Carrying value of $ 132.4 million as of the transaction include increased scale along with asset tenant. Nor any state Securities regulator has passed on or the 2015 by the White Group. A result of these relationships, the cim real estate finance trust redemption form is dependent upon CR IV Advisors and affiliates... Provision for credit Losses scale along with asset and tenant diversity while the. Bring expertise from a wide range of disciplines to support our in range of disciplines to support our!... Passed on or the range of disciplines to support our in Inc. ( CMFT is... Item 405 ]: Distributions ( RMD ) Change of Address objectives are also forward-looking statements not guarantees performance. Information Warrant CUSIP Information on any investment before recommending it to you any before... Public non-traded corporation that has elected to be taxed and currently qualifies as a result of relationships! For credit Losses scale along with asset and tenant diversity, while maintaining a balance! Results speak. shows the property statistics of our Real Estate Finance Trust Redemption form seller parties use the to...

Lisa Bell Hair Extensions, Poke Bros Marinated Tuna, George Younce Obituary, Sam Arnaout Son, Articles C