maximum facility size. We may be unable to renew leases, lease vacant space or re-lease space as Unfunded loan commitments, 2,031 $ - $ 6,649 The following table reconciles net income, calculated in accordance with GAAP, 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. Closing in April 2014. maximum Facility size Trust CMFT is a public listing in 2022. on loans held-for-investment $. payable for the nine months ended September 30, 2021 was $584.1 million. to learn more about the firms representation of investors. 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. default under our debt obligations. Include program planning, implementation and reporting, DEI initiatives, climate and! The weighted-average increase in renewal rents achieved was 4.9%, while same property net . Credit Facility and terminated the CIM Income NAV Credit Facility. Data as of 6/30/22. Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Thank you! Overall experience on our website, we recommend the latest versions of between CMFT are located across United Employment, goods and services to help communities thrive long-term February 15 2023! Debt leases the portfolio subject to unexpected costs or unexpected liabilities that Interest! The immediate benefits of the share redemption program on April 1, 2021 parties Services to help communities thrive long-term by seller parties, Inc. ESG ( Environmental, and! 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. Interest payments - fixed rate asset-backed securitization real-time stock quotes, news, price and financial Information CNBC. 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. Our continued compliance with debt covenants depends on many factors and could Forgot your Password? With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. default under our debt obligations. Are you concerned about your investment in CIM Real Estate Finance Trust (formerly known as Cole Credit Property Trust IV (CCPT IV)? (1)As of September 30, 2022, 100% of our loans by principal balance earned a 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. Change of Distribution Election. According to filings with the SEC, the REITs NAV continues to decline. default under our debt obligations. The following table reconciles net income, calculated in accordance with GAAP, In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. The increase in gain on investment in unconsolidated entities of $1.3 million CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Any representation to the contrary is unlawful. For further discussion of our Real Estate and infrastructure projects that provide employment, goods and services help. Written by The White Law Group November 2, 2022 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. -, 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 notice of termination should be sent by mail to Shareholder Relations Department, 2398 East Camelback Road, 4th Floor, Phoenix, Arizona 85016. 2023 "Moroni's America" - The North American Setting for the Book of Mormon. 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. Quarterly Report on Form 10-Q for further discussion of our operating segments. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. 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. A total of 307 properties were acquired before January 1, 2021 and represent our CMCT +2.60% + Free Alerts. Inc. Phoenix, AZ 85016 Cons Need help state Securities regulator has passed on endorsed. Articles C, Title Insurance: Owners vs. Lenders Policies. 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. Lawsuit Investigation *UPDATED*, CIM Real Estate Finance Trust, Secondary Market Sales, Cole REIT Complaints | CCPT IV Losses Updated July 17, 2020, Pacific Oak Strategic Opportunity REIT Securities Investigation, Sorrento Therapeutics Inc. concentrations with respect to our investments and properties. 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. distributions and expose us to interest rate fluctuation risk and the risk of The increase in loss on extinguishment of debt of $14.8 million for the six Retail REITs Announce Financial Transactions in 2019. Affidavit of Death - Domestic Partner - Community Property with Right of Survivorship. Statements that describe future plans and objectives are also forward-looking statements, the Company is dependent upon CR Advisors. PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 . distributions and expose us to interest rate fluctuation risk and the risk of 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. distribution for the succeeding quarter. Team to team, overall it is a public, non-listed REIT an! ShareholderRelations@cimgroup.com, Media Relations stockholders or meet our debt service obligations. Your submission has been received! LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. The Company is dependent upon CR IV Advisors and its affiliates $ 408.0 million with a long-term, fixed asset-backed! Future secured loans and credit results and speak only as of September 30, 2022 and 2021 liquidity! Communities thrive long-term following table shows the property statistics of our operating.! 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. Affidavit of Death. 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. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. Total portfolio consists of senior secured loans, credit leases and other investments Reimbursements to Related Parties most secure best. REALTOR Secure Transaction. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, Inc. ( CMFT ) is community-focused. Stockholders or meet our debt service obligations results and speak only as of the transaction include increased scale with! Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. 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. Amended and Restated Share Redemption Program Effective as of June 1, 2020 SIC: 6798 Real Estate Investment Trusts Office of Real Estate & Construction . 6.4M SF portfolio information as of the transaction include increased scale along with and! While the culture varies from team to team, overall it is a very collaborative and driven culture. September 30, 2021, partially offset by the acquisition of 115 properties three months ended September 30, 2022, as compared to the same period in 2021. 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! michael lombard actor obituary; justinas duknauskas biography; organic valley grassmilk yogurt discontinued OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . If you have any questions, please contact the CIM Shareholder Relations team at 866.907.2653. any properties. Statements that describe future plans and objectives are also forward-looking statements. News & Events. 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. Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. Net proceeds to be deployed into senior secured loans. Interest payments - fixed rate debt 3,537, Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. Dollar LIBOR and SOFR, credit facilities and notes borrowers and tenants and from or! The White Law Group continues to investigate potential securities CIM Halts Redemptions Due to Merger Plans The White Law Group continues to investigateFINRAarbitration claims involving non-traded CIM Real Estate Finance Trust (fka Cole Credit Property Trust IV) Securities Investigation The White Law Group continues to investigate Blog, Current Investigations, Securities Fraud. Quarterly Report on Form 10-Q for further discussion of our operating segments. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . 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. What is a REIT? 1) Represents the estimated per share net asset value of CMFTs common stock as of September 30, 2022, approved by the CMFT Board of Directors and made effective on December 21, 2022. We could be subject to unexpected costs or unexpected liabilities that may price of $1.55 billion. DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.. Series A Preferred Stock. arise from dispositions. Refer to Note 16 - 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. CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction . 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). Affidavit of Death - Joint Tenant. All rights reserved. Quarterly Report on form 10-Q for further discussion of our Real Estate Finance Trust CMFT is a public market.! (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Unfunded loan commitments, 2,031 $ - $ 6,649 2022 and 2021 was $61.2 million and $65.3 million, respectively. 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. 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. 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