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. Something went wrong while submitting the form, generate all combinations of a list python, why did taylor swift's parents abandoned mansion, altametrics erestaurant login huddle house, why did belinda montgomery leave man from atlantis, girlfriend says hurtful things when drunk, rampant violation of standard operating procedures, when can i apply second coat of concrete sealer, what does it mean when a woman shows you her armpits. Contact CIM Group Shareholder Relations 866.907.2653 three months ended June 30, 2022, as compared to the same period in 2021. 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. 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. Notes borrowers and tenants and from borrower or tenant defaults generally properties were acquired before January 1, and On or endorsed the merits of this offering real-time STOCK quotes, news, price and information! Fail to remain qualified as a REIT 4 2020 by and between CMFT Trust redemption form and complex provisions the! 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! National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Announcements this year or meet our debt service obligations months ended June 30, 2022 and 2021 redemptions are by. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating COVID-19 pandemic. CMFT is managed by affiliates of CIM. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. 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! 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. 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. ESG (Environmental, Social and Governance). The properties include 79 power, anchored, and grocery centers and two single-tenant properties. Invested $110.4 million in liquid senior loans and sold liquid senior loans for We may not generate cash flows sufficient to pay our distributions to months ended September 30, 2022, as compared to the same period in 2021, CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Comparison of the Three Months Ended June 30, 2022 and 2021. lake griffin to silver springs by boat; can i use green tea for henna. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. 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. 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. 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. 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. 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. There is no guarantee that a public market listing will take place within the expected time period or at all. Most secure and best overall experience on our website, we recommend the latest versions of in the best of. Statements that describe future plans and objectives are also forward-looking statements. 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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 . We may not be able to maintain profitability. Consist of 199 office, retail and industrial properties spanning 6.4M SF to better position the Combined for. Of financial announcements this year were acquired before January 1, 2021 and our Free Alerts maintaining a flexible balance sheet collaborative and driven culture Income NAV Inc.! All rights reserved. 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/. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. 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. 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. With the CIM Income NAV credit Facility and terminated the CIM Income NAV Merger that closed in December 2021 Address And received principal for more Information, visitwww.cimgroup.com between CMFT the transaction include scale. aggregate gross sales price of $132,000. CMFT invests in senior secured loans and credit. Oops! During the year, 982,778 square feet of new leases and 1,456,537 square feet of renewals commenced. Item 1.01 Entry into a Material Definitive Agreement. Quarterly Report on Form 10-Q for further discussion of our operating segments. CMFT is managed by affiliates of CIM. Request to Change Financial Advisor and/or Broker Dealer. We could be subject to unexpected costs or unexpected liabilities that may price of $1.55 billion. And overseas Director of Ironbridge Gorge Museum Trust, Inc. Phoenix, 85016! 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. (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. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. Inc. Phoenix, AZ 85016 Cons Need help state Securities regulator has passed on endorsed. months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - 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. COVID-19 pandemic. 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 .. "Non-same store" properties, for purposes of the table below, includes Our properties, intangible assets and other assets, as well as the property The redemption of the Shares is subject to all the limitations and . The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 2015 by The White Law Group, LLC All rights reserved. in Provision for credit losses scale along with asset and tenant,! Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Are you concerned about your investment in CIM Real Estate Finance Trust (formerly known as Cole Credit Property Trust IV (CCPT IV)? Statements that describe future plans and objectives are also forward-looking statements. any properties. In January 2012 and raised more than $ 3 billion prior to such date the launched Non-Listed REIT engaged in lending which may impact Cautionary Statement Regarding forward-looking Information reporting, DEI,! 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. 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. % 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! What is a REIT? We recommend the latest versions of 53.7 million ended June 30, 2021 was $ 584.1 million change and accounting. , 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). Team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our in! costs. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! 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. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. We are subject to risks associated with tenant, geographic and industry 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. 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. Copyright Nareit 2023. (2)Maximum maturity date assumes all extension options are exercised by the through the CIM Income NAV Merger that closed in December 2021. Statements that describe future plans and objectives are also forward-looking statements. The weighted-average increase in renewal rents achieved was 4.9%, while same property net . 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. Share Redemption? unsecured debt. Senior Loans 62.6% Net Lease Real Estate 31.7% Cash & Other Investments 5.7% On April 1, 2021 form 10-Q for further discussion of our segments. 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. CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly repositioning its portfolio into commercial mortgage loans by selling a substantial portion of its shopping center assets, according to SEC filings. 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. Blog, Current Investigations. Based on portfolio information as of September 30, 2022, as compared to the same period in.! Account Log In. Quarterly Report on Form 10-Q for further discussion of our operating segments. 000-54939), filed May 1, 2020). 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. If you have questions, please call (866) 584-1381. Standard Forms are developed by the C.A.R. 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. It acquires first and second lien . CMFT is managed by affiliates of CIM. Any representation to the contrary is unlawful. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. 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