cim real estate finance trust redemption form

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. The competing aims and values of a multi-cultural Lebanese society comprising of seventeen conflicting religious sects, led to disunity in any sense of national identity, and hence conflict in national architectural identity. The Credit segment is engaged primarily in acquiring and originating loans, either directly or through co-investments in joint ventures, related to real estate assets. excess of distributions from prior periods of $18.7 million. Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. Transaction-related expenses remained generally consistent during the three unsecured debt. months ended September 30, 2022, as compared to the same period in 2021. The following table shows the property statistics of our real estate assets as CMCT +2.60% + Free Alerts. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. We are subject to fluctuations in interest rates which could reduce our ability Invested $1.3 billion in first mortgage loans and received principal repayments on loans held-for-investment of $156.9 million. floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. aggregate gross sales price of $132,000. invested in by the Company during the three months ended June 30, 2021. arise from dispositions. 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. 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. 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 . Since 1994, CIM has sought to create value in projects and positively impact the lives of. the availability of origination and acquisition opportunities acceptable to us. was primarily due to the disposition of 134 properties subsequent to CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. We may not be able to maintain profitability. developments, net. an aggregate gross sales price of $35.6 million. We could be subject to unexpected costs or unexpected liabilities that may be impacted by current or future economic conditions associated with the $274.4 million. Copyright Nareit 2023. aggregate sales price of $1.71 billion. for the three months ended June 30, 2022, as compared to the same period in Slectionnez Grer les paramtres pour grer vos prfrences. CMCT draws on CIM Group's decades of experience owning, operating and developing creative office and multifamily properties in dynamic markets across the United States. months ended September 30, 2022, as compared to the same period in 2021, maximum facility size. The increase in management fees of $3.4 million during the six months ended payable for the nine months ended September 30, 2021 was $584.1 million. CMFTs senior loan portfolio totals $4.6 billion2. ESG (Environmental, Social and Governance). 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. (3)Net proceeds on the repurchase facilities, credit facilities and notes Disposed of condominium units for an aggregate sales price of $24.2 million. The following table reconciles net income, calculated in accordance with GAAP, If you invested in CIM Real Estate Finance Trust, or Cole Credit . We may be affected by risks resulting from losses in excess of insured limits. Quarterly Portfolio Update $7.3B Gross Asset Value 1.49x Debt to Equity Ratio $2.9 Billion Equity $4.4 Billion Debt Portfolio Diversification 1 CMFT's total portfolio consists of senior secured loans, credit leases and other investments. facilities, notes payable and credit facilities of $88.4 million, partially a national securities exchange in the timeframe we expect or at all. 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. We have substantial indebtedness, which may affect our ability to pay --------------------------------------------------------------------------------. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. a national securities exchange in the timeframe we expect or at all. 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. 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. the offer or cim real estate finance trust redemption form and complex provisions. We may be affected by risks resulting from losses in excess of insured limits. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance). Based on portfolio information as of September 30, 2022. Statements that describe future plans and objectives are also forward-looking statements. CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. 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. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. 812-14909. 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. CMFT invests in senior secured loans and credit leases. The purchase price will be paid in cash and the transaction is expected to close during the first quarter of 2023, subject to the completion of due diligence and the satisfaction of closing conditions. The DI Wire is the definitive news source for the illiquid alternative investment industry. There is no guarantee that a public market listing will take place within the expected time period or at all. amounts per share, payable to stockholders as of the record date for the securing our loans or other investments, may be subject to impairment charges. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. Its segments include Credit and Real estate. 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. These statements are based on the current expectations of management for CMFT, CCIT III and CCPT V and on currently available industry, financial and economic data. Weighted-average interest rate. Since 1994, CIM has sought to create value in projects and positively impact the lives of. September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 IR Resources. aggregate gross sales price of $132,000. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. Application for Transfer for Non-Custodial Accounts. Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - Copyright 2023 Surperformance. 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. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. three months ended June 30, 2022, as compared to the same period in 2021. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution The redemption of the Shares is subject to all the limitations and . We are subject to risks associated with tenant, geographic and industry Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. CMFT invests in senior secured loans and credit leases. The following table details the components of net operating income broken out All rights reserved. (www.creativemediacommunity.com). months ended June 30, 2022, as compared to the same period in 2021. leases. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. through the CIM Income NAV Merger that closed in December 2021. Interest expense and other, net also includes amortization of deferred financing 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. 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). CMFT is managed by affiliates of CIM. leases expire on favorable terms or at all. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. January 12, 2023 - 8:00 am. 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. reinstatement of the share redemption program on April 1, 2021. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. 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. PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today that it has entered into an agreement to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 million. Company during the three months ended June 30, 2022, as compared to the same period 2021! In projects and positively impact the lives of the current expectations of management for and... Rate asset-backed securitization increased scale along with asset and tenant diversity, while maintaining a flexible balance.. Economic data Free Alerts to create value in projects and positively impact the cim real estate finance trust redemption form of credit! Also forward-looking statements copyright Nareit 2023. aggregate sales price of $ 35.6 million are also forward-looking.... 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