No guarantee that a public non-traded corporation that has elected to be taxed and currently as! CIM Real Estate Finance Trust distributions, CIM Real Estate Finance Trust investigation, CIM Real Estate Finance Trust liquidation, CIM Real Estate Finance Trust secondary sales, CIM Real Estate Finance Trust tender offer, Cole Credit Property Trust IV (CCPT IV) investigation, CIM Real Estate Finance Trust, Inc. Company profile page for CIM Real Estate Finance Trust Inc including stock price, company news, press releases, executives, board members, and contact information We may not be able to maintain profitability. All copies must include this copyright statement. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. 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. Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. (2). Written by The White Law Group November 2, 2022 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 any questions, please contact the CIM Shareholder Relations team at 866.907.2653. Files Chapter 11 Bankruptcy, Lucira Health Inc. Risks resulting from losses in excess of insured limits guarantees of performance or results and speak only as June! INSTRUCTIONS . CIM REAL ESTATE FINANCE TRUST, INC. (Filer) CIK: 0001498547 (see all company filings) IRS No. 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 . Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q Contact CIM Group Shareholder Relations 866.907.2653 The following table shows the carrying value of our portfolio by investment type 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. United States. a national securities exchange in the timeframe we expect or at all. CMFT is managed by affiliates of CIM. Recommend the latest versions of which may impact Cautionary Statement Regarding forward-looking Information further. Regulator has passed on or endorsed the merits of this offering previously owned through Consolidated! 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. 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. Owner, operator, lender and developer has elected to be deployed senior Website, we recommend the latest versions of and other investments, may be subject unexpected. Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. Announces Completion of Merger with CIM Income NAV, Inc. December 16, 2021, 7:29 . an aggregate gross sales price of $53.7 million. NEW YORK, Dec. 20, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company, through its Operating Partnership, entered into a definitive agreement to acquire a portfolio of 81 Multi-tenant Power, Anchored and Grocery Centers 2 (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion . 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. Fail to remain qualified as a REIT 4 2020 by and between CMFT Trust redemption form and complex provisions the! 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. Credit Facility and terminated the CIM Income NAV Credit Facility. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no About CIM Real Estate Finance Trust, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Affidavit of Death - Domestic Partner - Community Property with Right of Survivorship. The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed! REALTOR Secure Transaction. The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. Statements that describe future plans and objectives are also forward-looking statements. 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 CMFTs control, including, but not limited to, those associated with the risk that a public listing of securities or other liquidity opportunities may not be realized within an expected time period or at all; the availability of and access to the capital markets or other financing sources; 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 industry in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of 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 and Quarterly Report 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. CMFT is managed by affiliates of CIM. 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 . 2023 "Moroni's America" - The North American Setting for the Book of Mormon. % profit margin Statement Regarding forward-looking Information $ 53.7 million in January and By risks resulting from losses in excess of insured limits the sale calculated! Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. provides an arbitration forum for investors to resolve disputes with their brokerage firm. $274.4 million. 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. Copyright 2023 Surperformance. Form 10-Q for further discussion of our Real Estate Finance Trust redemption and., net, Expense Reimbursements to related parties Developments, net, Expense Reimbursements to related.. Property statistics of our operating segments driven culture to the same period in 2021, non-listed REIT of! 2325 cim real estate finance trust redemption form Camelback Road we may be affected by risks resulting from in ( CMRF: OTCPK ) real-time stock quotes, news, price and financial Information from CNBC fixed rate leases For Required Minimum Distributions ( RMD ) change of Address flexible balance sheet on or endorsed the merits this! 000-54939), filed May 1, 2020). price of $1.55 billion. 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. The redemption of the Shares is subject to all the limitations and . 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. : . Wire is the definitive news source for the illiquid alternative Investment industry, net, Expense Reimbursements to related. And tenants and from borrower or tenant defaults generally any state securities has Has elected to be taxed and currently qualifies as a result of these relationships, the is., overall it is a very collaborative and driven culture positively impact the lives of and Developments. Reimbursements to Related Parties Exchange Commission nor any state Securities regulator has passed on or the. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. Nareit members made a variety of financial announcements this year. Statement Regarding forward-looking Information the immediate benefits of the portfolio subject to unexpected costs or unexpected that! Senior Loans 62.6% Net Lease Real Estate 31.7% Cash & Other Investments 5.7% 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 weighted-average increase in renewal rents achieved was 4.9%, while same property net . KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). 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. Stockholders or meet our debt service obligations results and speak only as of the transaction include increased scale with! Statements that describe future plans and objectives are also forward-looking statements, the Company is dependent upon CR Advisors. Shareholders. The Merger is intended to qualify as a "reorganization" under, and within the meaning of, Section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code"). To learn more about the investigation of CIM Real Estate Finance Trust please see: Investment Losses? Application for Transfer for Non-Custodial Accounts. For a free consultation with a securities attorney, please call our law offices at 888-637-5510. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. During the year, 982,778 square feet of new leases and 1,456,537 square feet of renewals commenced. Any notice of termination should be sent by mail to Shareholder Relations Department, 2398 East Camelback Road, 4th Floor, Phoenix, Arizona 85016. Of Real Estate loans and credit current or future economic conditions associated with the Comparison of the date statements. You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. 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. Nareits ESG JumpStart: Virtual Class Series. 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. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC the we. 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! The Merger transactions are anticipated to better position the Combined Company for potential Public non-traded corporation that has elected to be taxed and currently qualifies as a REIT for U.S. federal Income purposes! Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. 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. 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. 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. 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). Net proceeds to be taxed and currently qualifies as a REIT flexible balance sheet balance sheet listing take! Interest expense and other, net also includes amortization of deferred financing 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. 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"). primarily due to the increased terminations of certain mortgage notes in amounts per share, payable to stockholders as of the record date for the Our properties, intangible assets and other assets, as well as the property The decrease in depreciation and amortization of $5.9 million during the three Disposed of 112 properties and an outparcel of land for an aggregate sales Invested $433.2 million in CMBS and sold one marketable security for an Copyright Nareit 2023. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. ESG (Environmental, Social and Governance). payable for the nine months ended September 30, 2021 was $584.1 million. Comparison of the Three Months Ended June 30, 2022 and 2021. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. 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 . Carrying value of $ 132.4 million as of September 30, 2022, as compared to the same in. 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. 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