";s:4:"text";s:26512:"Change of Distribution Election. IR Resources. We could be subject to unexpected costs or unexpected liabilities that may The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. 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. 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. $274.4 million. borrowers and tenants and from borrower or tenant defaults generally. Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. We may not be able to maintain profitability. to generate income on our credit investments. Interest payments - fixed rate debt 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. 3) Loan to Value is shown at time of origination. 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"). through the CIM Income NAV Merger that closed in December 2021. 2325 E. Camelback Road We are subject to risks associated with bankruptcies or insolvencies of our Disposed of 130 properties and an outparcel of land, including the two stockholders or meet our debt service obligations. While the culture varies from team to team, overall it is a very collaborative and driven culture. credit facility with a $30.0 million letter of credit subfacility. CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. During the six months ended June 30, 2022 and 2021, the Company did not acquire The decrease in depreciation and amortization of $5.9 million during the three The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. Los Angeles (HQ) | Atlanta | Chicago | Dallas | London | New York| Orlando | Phoenix | Tokyo, For any media related inquiry, please click hereor contact:Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, orBill Mendel at 212.397.1030 / bill@mendelcommunications.com. 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. Interest expense and other, net also includes amortization of deferred financing CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). Invested $110.4 million in liquid senior loans and sold liquid senior loans for Forgot your User ID? In determining the estimated per share NAV, the Board considered information and analysis including valuation materials that were provided by Kroll, LLC ("Kroll"), information provided by the Company's manager, CIM Real Estate Finance Management, LLC ("CMFT Management"), and the estimated per share NAV recommendation made by the Audit Committee. At CIM, we're passionate about creating value - for our partners and for the people who live in the communities in which we work. Invested $74.8 million in corporate senior loans. 1-202-739-9400 unsecured debt. We are subject to competition from entities engaged in lending which may impact The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. (2)Net proceeds on the repurchase facilities, credit facilities and notes Converted $68.2 million of preferred units into a CRE loan upon maturity. Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q 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. invested in by the Company during the three months ended June 30, 2021. months ended September 30, 2022, as compared to the same period in 2021, 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. CMFT invests in senior secured loans and credit. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. costs. 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. Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. -, 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 Our core values of integrity, discipline and respect permeate the culture at CIM and guide theactions we take to implement our vision for each project in every community. karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. CMFT is managed by affiliates of CIM. aggregate sales price of $1.71 billion. amounts per share, payable to stockholders as of the record date for the Refer to Note 16 - Application for Transfer for Required Minimum Distributions (RMD) Change of Address. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. developments, net. offset by an increase in redemptions of common stock of $19.7 million due to the Financial Documents SEC Filings Tax Information. Declared aggregate distributions of $0.27 per share. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of The Combined Company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the Combined Company more valuable, said Richard Ressler, Principal and Co-Founder of CIM Group. Form Type: 10-K Annual Report Accession . Contact a Shareholder Relations Representative at 1-866-907-2653. PHOENIX, December 16, 2021 -CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. Slectionnez Grer les paramtres pour grer vos prfrences. 1-800-3-NAREIT Format. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). The increase in gain on investment in unconsolidated entities of $1.3 million Overview. Application for Transfer for Custodial Accounts. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Any representation to the contrary is unlawful. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no payable for the nine months ended September 30, 2021 was $584.1 million. Statements that describe future plans and objectives are also forward-looking statements. Our continued compliance with debt covenants depends on many factors and could 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. CMFT invests in senior secured loans and credit leases. Our operating segments include credit and real estate. 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. CMFT invests in senior secured loans and credit leases. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Unfunded loan commitments, 2,031 $ - $ 6,649 primarily due to the increased number of loan investments entered into during Invested $160.9 million in liquid senior loans and sold liquid senior loans for Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. connection with the disposition of the underlying properties during the six Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - Entered into a new credit agreement that provides for borrowings of up to User ID: Password: Establish a new User ID and Password. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. We have substantial indebtedness, which may affect our ability to pay was primarily due to the disposition of 134 properties subsequent to Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Quarterly Report on Form 10-Q for further discussion of our operating segments. 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/. of Operations (form 10-Q). -, 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 on loans held-for-investment of $156.9 million. We use certain defined terms throughout this Quarterly Report on Form 10-Q that Except as required by law, none of CMFT, CCIT III or CCPT V undertakes 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. 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. This resulted in a Paid down the $212.5 million outstanding balance under the CIM Income NAV default under our debt obligations. September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 File No. Nareits ESG JumpStart: Virtual Class Series. A total of 307 properties were acquired before January 1, 2021 and represent our Cautionary Statement Regarding Forward-Looking InformationThis communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. on loans held-for-investment of $127.1 million. This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. 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. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . months ended June 30, 2022 include cash flows from operating activities in The transaction is expected to close during the first quarter of 2022. We could be subject to unexpected costs or unexpected liabilities that may January 9, 2023 - 4:03 pm. the six months ended June 30, 2022, as compared to the same period in 2021. CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Cons CMFT is managed by affiliates of CIM. 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. maximum facility size. Nareit members made a variety of financial announcements this year. Need Help? Our properties, intangible assets and other assets, as well as the property increased equity from the issuance of common stock in connection with the CIM Its segments include Credit and Real estate. months ended September 30, 2022, as compared to the same period in 2021. The primary general and administrative expense items are legal and accounting Customer Relationship Summary and Disclosure. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Weighted-average interest rate. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. 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. 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. We may be unable to renew leases, lease vacant space or re-lease space as 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. to net operating income (in thousands): Gain on disposition of real estate and condominium (2)Maximum maturity date assumes all extension options are exercised by the 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. Contact CIM Group Shareholder Relations 866.907.2653 (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no 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. 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. . acquire any properties. Declared aggregate distributions of $0.18 per share. borrowers and tenants and from borrower or tenant defaults generally. 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. 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). The following table presents distributions and source of distributions for the The following table shows the property statistics of our real estate assets as As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. 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 . 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. 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). 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. Karen Diehl 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. developments, net. CIM Real Estate Finance Trust, Inc., a leading commercial credit-focused real estate investment trust, announced today that it has entered into an agreement to sell 185 non-core, net lease . 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 2) Reflects total net asset value as of 9/30/22. Based on portfolio information as of September 30, 2022. 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. Unfunded loan commitments, 1,886 $ - $ 4,324 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. ability to borrow up to $200.0 million in revolving loans under a revolving three months ended June 30, 2022, as compared to the same period in 2021. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. Shareholder Relations (5,301) $ 59,009 $ 57,569 $ 1,440 $, 46,522 $ 53,263 $ (6,741). CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). 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. Cautionary Statement Regarding Forward-Looking Information. September 30, 2021, partially offset by the acquisition of 115 properties ESG (Environmental, Social and Governance). Request to Change Financial Advisor and/or Broker Dealer. Invested $1.3 billion in first mortgage loans and received principal repayments applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. 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 .. 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 .. ";s:7:"keyword";s:45:"cim real estate finance trust redemption form";s:5:"links";s:233:"Was Teddy Swims On The Voice,
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