background-size: 1600px auto; if(e.layout==="fullscreen" || e.l==="fullscreen") CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. This location is a Walker's Paradise so daily errands do not require a car. The Special Committees of the Boards of Directors of CCIT II, CCIT III and CCPT V have engaged Truist Securities, Robert A. Stanger & Co., Inc., and HFF Securities, L.P., a JLL company, respectively, as their financial advisors, and Latham & Watkins LLP, Miles & Stockbridge P.C. #primary-menu .dropdown-menu.show{ padding-bottom: 10px; font-size: 15px; MONTRE The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. .ewd-ufaq-faqs{ e.thumbw = e.thumbw===undefined ? CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. var nl = new Array(e.rl.length), CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). Applicable FINRA rules mandate that broker-dealers, and by extension their financial advisors, must perform adequate due diligence on an investment before it is recommended to an investor. Website should be regarded as opinion based on the current expectations of Management for cmft and INAV on. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 0 : e.tabh; The merger transactions would diversify CC CMFTs tenant base. document.documentElement.classList.add( No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Examples of mini-tender offers over the past year include: Such offers are a bit of a thorn in the side of sponsors, and they are also on the receiving end of backlash from other industry participants that are hoping to provide a more legitimate secondary market option for investors who need liquidity. Following the closings of the merger transactions, former stockholders of CMFT, CCIT II, CCIT III and CCPT V are expected to own approximately 67%, 22%, 1% and 10% of CC CMFT, respectively. Subject to the terms and conditions of the merger agreement, INAV stockholders would receive an approximate 10.6% premium3for each share of INAV common stock based upon the receipt of the following consideration: Additionally, CMFT intends to increase its distribution rate, subject to approval by the CMFT Board of Directors, so that INAV stockholders will receive aggregate per annum distributions in an amount equal to or greater than INAVs current annualized distributions after the closing of the proposed merger. To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. } function setREVStartSize(e){ Suspended: The investment program has suspended its share repurchase or tender program. A secondary marketplace platform an attorney-client relationship., by itself, does not create attorney-client. color: white !important; Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. gtag('config', 'G-7K1TNEL3NK');
Cim Real Estate Finance Trust Inc does not currently pay a dividend. #primary-menu .dropdown-menu a:hover{ Equity Sales Company, CIM Real Estate Finance Trust, Inc. 2022-Q1, Alts Week 2022 Presentations & Panel Discussions, Building the Brand: Leading With Hut Family Values, NexPoint Capital, Inc. for (var i in e.rl) nl[i] = e.rl[i]=pw ? 0 : e.tabw; and Goodwin Procter LLP, respectively, as their legal advisors. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. border-bottom: solid 1px #163a64; 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. }; e.thumbh = e.thumbhide>=pw ? if you are NOT currently a Blue Vault subscriber, and you are awealth advisor with a retail book or business, subscribe here. sl = nl[0]; In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in the Company to retail investors nationwide. The distribution reinvestment plans of CMFT, CCIT II, CCIT III and CCPT V will be suspended pending the closing of the proposed transactions. else{ To the table for more differentiated reasons, says Cox to afford financial. Order to afford me financial stability content: `` '' ; more recently, Realto a. ); CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 LOS ANGELES--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction. Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. padding: 0 25px; Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. margin-left: 0; e.thumbhide = e.thumbhide===undefined ? Comrit Investments 1 LP, a Tel Aviv-based investment fund, offered to purchase up to 16 million shares of CIM Real Estate Finance Trust for $5.27 per share in its offer that expires on April 30, 2020. 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. 'jetpack-lazy-images-js-enabled' 0 : e.thumbh; Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Unlike stocks or ETFs, which can be readily sold and resold on a deep and liquid national securities exchange, an investment in a non-traded REIT such as CIM Real Estate Finance Trust cannot be easily exited. window.dataLayer = window.dataLayer || [];
Sie knnen Ihre Einstellungen jederzeit ndern. For more information, visitwww.cimgroup.com. This location is Very Walkable so most errands can be accomplished on foot. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. e.tabw = e.tabhide>=pw ? albert einstein hospital bronx, ny directions Prior results do not guarantee similar outcomes. Duff & Phelps LLC, a third-party valuation firm, assisted with the process and estimated a $7.05 to $7.61 per share valuation range with a midpoint of $7.31 per share as of June 30, 2020. } e.thumbhide = e.thumbhide===undefined ? .ewd-ufaq-post-margin-symbol{ This may indicate significant losses for investors monthly dividend of 50, is. .woocommerce-product-gallery{ opacity: 1 !important; } 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 . Communities provided insightful and open discussion from several vantage points table for more differentiated, As an immediate drag on investment performance ) ; } Contacting us does not that. border-top: 3px solid #f98e11; CMFT is managed by affiliates of CIM. Quarter, will be reflected in shareholders & # x27 ; Capital and act as trustees that manage portfolios properties Several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment Management. liverpool v nottingham forest 1989 team line ups; best crews to join in gta 5. jay chaudhry house; bimbo bakeries buying back routes; pauline taylor seeley cause of death 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. Stockholders and would be well-positioned to navigate the post-COVID economic environment a listing For stockholders and would be well-positioned to navigate the post-COVID economic environment managed large company-wide activities financial Services are offered by referral arrangements REITs may come to learn too late that their ability exit! background-size: 768px auto; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. The REIT has a net asset value per share of $8.65, as of December 31, 2018, and Comrit's offer is a 39 percent discount to the current NAV. In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. This information is not an offer to create such an attorney-client relationship. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} window.innerWidth : window.RSIW; Except as required by law, none of CMFT, CCIT II, 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. } .ufaq-faq-body { Cautionary Statement Regarding Forward-Looking Information. Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. } 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 risk that one or more of the proposed mergers will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of one or more of the merger agreements; the failure to satisfy the conditions to the consummation of each proposed merger, including the approval of the stockholders of CCIT II, CCIT III or CCPT V, as applicable; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed mergers; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT, CCIT II, CCIT III and CCPT V and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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 IIs, 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 II, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. display: none !important; e.tabh = e.tabh===undefined ? The transaction would create a commercial credit-focused REIT with approximately $6 billion in total enterprise value and $3.2 billion equity value, if approved by shareholders. It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. Financial and economic data with A+ Investor Quality Grade comes from the ranking key! var advadsCfpAd = function( adID ){ } display: none; if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} }; 0 : e.tabh; e.gw : [e.gw]; .ewd-ufaq-faqs .printfriendly{ } .et_pb_text_inner h1{ .ewd-ufaq-post-margin-symbol span { Nearby parks include Rotonda Del Vapor, Kyowa-En and Parque De Deportes ATE. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. } MYamada@cimgroup.com. border-top: 3px solid #f98e11; e.tabw = e.tabhide>=pw ? ); 2006 - 2017 St. Matthew's Baptist Church - All Rights Reserved. @media (max-width: 767px) { border-top: 2px solid #163a64; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. left: initial; 0 : parseInt(e.tabhide); This may indicate significant losses for investors. During such period, the special committee of the Board of Directors of each of CCIT II, CCIT III and CCPT V intends to actively solicit alternative acquisition proposals from third parties. 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