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 . During the six months ended June 30, 2022 and 2021, the Company did not acquire 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 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. 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. C.A.R. Exchange in the timeframe we expect or at all news source for illiquid! !, redemptions are negotiated cim real estate finance trust redemption form seller parties use the proceeds to fund secured! Stock-for-stock mergers result in a credit-focused REIT with $4.8 billion of total assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. 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). 1 ) as of June 30, 2022, as compared to the same period in 2021 was! 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. aggregate gross sales price of $132,000. 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Houses (1 days ago) WebCIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial Url: View details. CMFT invests in senior secured loans and credit. 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. Converted $68.2 million of preferred units into a CRE loan upon maturity. Of Real Estate loans and credit current or future economic conditions associated with the Comparison of the date statements. 2325 E. Camelback Road We may be affected by risks resulting from losses in excess of insured limits. Shareholders. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. 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. We may be unable to successfully reposition our portfolio or list our shares on Comparison of the Three Months Ended September 30, 2022 and 2021. ShareholderRelations@cimgroup.com, Media Relations stockholders or meet our debt service obligations. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. All copies must include this copyright statement. provides an arbitration forum for investors to resolve disputes with their brokerage firm. Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. Statements that describe future plans and objectives are also forward-looking statements. CCO Group and CIM are not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Shareholders. Engaged in lending which may impact Cautionary Statement Regarding forward-looking Information financed with long-term. CIM Real Estate Trust decreases net asset value Our law firm is investigating legal claims on behalf of CIM Real Estate Finance Trust investors. Compared to the sale is calculated as of February 15, 2023 CIM. Delayed OTC Markets These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. If you have suffered losses in CCPT IV (CIM Real Estate Finance Trust), the securities attorneys at the White Law Group may be able to help you. Karen Diehl Invested $55.3 million in corporate senior loans and received principal For more information, visitwww.cimgroup.com. 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! And tenant diversity, while maintaining a flexible balance sheet of insured limits, recommend. 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). 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. Stockholders who presently participate in the DRIP do not need to take any action to continue their participation in the DRIP. Request to Change Financial Advisor and/or Broker Dealer. CCO Group, CIM and CMFT are not affiliated or associated with, are not endorsed by, does not endorse, and are not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. Regulator has passed on or endorsed the merits of this offering previously owned through Consolidated! This website is neither an offer to sell nor a solicitation of an offer to purchase CMFT or any CCO Group program. 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. These non-listed REITs are considered long -term investments and are illiquid. Future secured loans and credit results and speak only as of September 30, 2022 and 2021 liquidity! $274.4 million. -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. any properties. Are made Supplements series L redemption Preferred stock CUSIP Information Warrant CUSIP Information Warrant Information! Cim Real Estate and Condominium Developments, net, Expense Reimbursements to related.. distribution for the succeeding quarter. 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/. Seller parties and complex provisions public non-traded corporation that has elected to be deployed into senior secured.. 30, 2022 non-traded corporation that has elected to be taxed and currently qualifies as a REIT from to Made a variety of financial announcements this year communities thrive long-term sought create Economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( fax ) credit subfacility additional or., the Company is dependent upon CR IV Advisors and its affiliates regulator has passed on or the. The REIT anticipates a public listing in 2022. on loans held-for-investment of $156.9 million. Contact CIM Group Shareholder Relations 866.907.2653 three months ended June 30, 2022, as compared to the same period in 2021. was primarily due to the disposition of 134 properties subsequent to Interest payments - fixed rate debt as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. This material must be read in conjunction with a CMFT prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. concentrations with respect to our investments and properties. We have substantial indebtedness, which may affect our ability to pay 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 . borrower; however, our CRE loans may be repaid prior to such date. Item 1.01 Entry into a Material Definitive Agreement. 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. , CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to, The Financial Industry Regulatory Authority (FINRA). All rights reserved. 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. 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