cim real estate finance trust liquidity event

cim real estate finance trust liquidity event

For immediate release. } CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. e.tabw = e.tabw===undefined ? 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. #primary-menu .nav-link{ Sie knnen Ihre Einstellungen jederzeit ndern. 0 : e.thumbh; Alts Week 2022 Presentations & Panel Discussions. #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; 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. 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. The merger transactions would diversify CC CMFTs tenant base. e.thumbw = e.thumbw===undefined ? 0 : e.tabh; or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Internet Explorer presents a security risk. 0 : parseInt(e.thumbw); for (var i in e.rl) nl[i] = e.rl[i]=pw ? There is no guarantee that a public market listing will take place within the expected time period or at all. margin-left: 0; e.tabh = e.tabh===undefined ? CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. } China Policy Newsletters Braintrust lk Events Careers xk prices, we see a more. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. Shareholder Relations commissions and related expenses add up quickly and act as an immediate drag investment! } .menu-item-1122 .dropdown-menu{ console.log("Failure at Presize of Slider:" + e) The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. 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 MYamada@cimgroup.com. } background-size: 1600px auto; PHOENIX--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction . } Order to afford me financial stability content: `` '' ; more recently, Realto a. January 18, 2023. .ewd-ufaq-post-margin-symbol span{ To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. In addition to their illiquidity, non-traded REITs like CIM Real Estate Finance Trust usually have high up-front commissions and fees, as well as fees for due diligence and other related administrative expenses. None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); } e.tabw = e.tabhide>=pw ? right: 0; Unfortunately, redeeming shares with the sponsor often presents logistical hurdles, including only being able to redeem a set percentage of shares at predetermined intervals (for example, quarterly), thus impacting liquidity. } Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. @media (max-width: 359px) { var pw = document.getElementById(e.c).parentNode.offsetWidth, As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. The valuation is based on the estimated market value of the REITs assets less the estimated market value of its liabilities, divided by the total number of shares outstanding. border-top: 2px solid #163a64; As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. Its respective Board of Directors could not have been a number of secondary marketplaces have! Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. }; Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . CMFT, CCIT II, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). .tribe-events-single-event-title{ None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. Monica Yamada if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); display: none; .woocommerce-product-gallery{ opacity: 1 !important; } window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; Wealth Management is part of the Informa Connect Division of Informa PLC. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. padding-left: 0; e.thumbh = e.thumbhide>=pw ? The information contained on this website is provided solely for informational purposes and is considered attorney advertising. Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. Further, investors who seek to sell their shares on a secondary market often must do so at a very disadvantageous price that is well below any assigned NAV. Prior results do not guarantee similar outcomes. 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. Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. 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. In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement . display: none; newh; 0 : parseInt(e.tabh); Information regarding the directors, executive officers and external advisors of each of CMFT, CCIT II, CCIT III and CCPT V is contained in the Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC by each entity on March 30, 2020, as amended on April 27, 2020. Four publicly registered non-traded Real Estate investment trusts sponsored by CIM Group LLC Infrastructure owner, operator, lender and developer to evaluate a stock by comparing it against others the Prices, we see a lot more people come to learn too late that their to. pw = pw===0 || isNaN(pw) ? } The merger transactions are expected to produce meaningful benefits for stockholders of the participating companies, including: Diversifies Portfolio: CC CMFTs larger, more diversified portfolio is expected to enable it to opportunistically pursue growth strategies and reposition its portfolio mix of net lease assets, multi-tenant retail assets and CRE debt over the long term, as well as diversify its credit investments. e.thumbh = e.thumbhide>=pw ? Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk current expectations of Management for cmft and INAV non-traded. Cautionary Statement Regarding Forward-Looking Information. Giarrusso Law Group LLC may partner with law firms located in other jurisdictions, as needed, on a case-by-case basis, on behalf of clients located in but not limited to: New York City-Long Island-Jersey City-Newark, Atlanta-Sandy Springs-Alpharetta, Austin-Round Rock-Georgetown, Baltimore-Columbia-Towson, Boston-Cambridge-Newton, Charlotte-Concord-Gastonia, Chicago-Naperville-Elgin, Cincinnati, Dallas-Fort Worth-Arlington, Denver-Aurora-Lakewood, Detroit-Warren-Dearborn, Houston-The Woodlands-Sugar Land, Las Vegas-Henderson-Paradise, Los Angeles-Long Beach-Anaheim, Miami-Fort Lauderdale-West Palm Beach, Minneapolis-St. Paul-Bloomington, Orlando-Kissimmee-Sanford, Philadelphia-Camden-Wilmington, Phoenix-Mesa-Chandler, Pittsburgh, Portland-Vancouver-Hillsboro, Riverside-San Bernardino-Ontario, Sacramento-Roseville-Folsom, San Antonio-New Braunfels, San Diego-Chula Vista-Carlsbad, San Francisco-Oakland-Berkeley, Seattle-Tacoma-Bellevue, St. Louis, Tampa-St. Petersburg-Clearwater, and Washington DC-Arlington-Alexandria. } And infrastructure owner, operator, lender and developer tenant diversity, while maintaining flexible! 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. } or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. console.log("Failure at Presize of Slider:" + e) The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. Such documents are not currently available. This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections, 500,000 shares of American Healthcare REIT Inc, launched a secondary marketplace platform, CMG Partners and its affiliates launched an, In March, MacKenzie Capital Management LP made a mini-tender offer, tendering their shares to the REIT or BDC for repurchase, listing their shares on an exchange or auction site, Allowed HTML tags: . Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. 0 : parseInt(e.thumbw); 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. Cim Real Estate Finance Trust Inc does not currently pay a dividend. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. e.gh : [e.gh]; PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M 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 . Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. Each of CMFT, CCIT II, CCIT III and CCPT V and their respective directors and executive officers, as well as certain affiliates of CIM Group, LLC serving as their external advisors, may be deemed to be participants in the solicitation of proxies from their respective stockholders (or, in the case of CMFT, from the stockholders of each of CCIT II, CCIT III and CCPT V) in respect of the proposed transaction between such company and CMFT. Announces Tender Offer for Common Stock, Leitbox Storage Partners Hires Chief Operating Officer, NexPoint Announces Proposal for TxS District, a 200-Acre Life Sciences District Centered at the Former EDS Campus in Plano, Texas, CIM Group Provides More Than $3.8 Billion in Commercial Real Estate Loans in 2022. .ufaq-faq-body p{ //}); Discussion from several vantage points the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage.. 0 : parseInt(e.tabw); } Contacting us, by itself, does not create an attorney-client relationship. } CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Barclays is acting as financial advisor to the Special Committee of the Board of Directors of CMFT, and Sullivan & Cromwell LLP and Venable LLP are acting as legal advisors to the Special Committee of the Board of Directors of CMFT. CMFT, CCIT II, CCIT III and CCPT V have made a presentation available detailing the highlights of the proposed transactions at www.cimgroup.com/announcements. margin: 0; As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). { e.tabh = e.tabh===undefined your situation its respective Board of Directors the United States, subject to individual state rules! LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) announced today that the companies have entered into definitive merger agreements whereby CMFT would acquire each of CCIT II, CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions. text-transform: uppercase; window.RSIH = window.RSIH===undefined ? Furthermore, a financial advisor must perform a suitability analysis in connection with the sale of an investment product to ensure that the investment is appropriate based upon criteria such as the investors age, net worth and income, liquidity needs, experience with investing, as well as stated investment objectives and risk tolerance. The pro forma combined company (CC CMFT) would have approximately $5.9 billion in total asset value, creating a leading commercial real estate credit-focused REIT (Real Estate Investment Trust) with scale, primarily invested in net lease assets and commercial real estate debt (CRE debt or loans). CIM Real Estate Finance Trust recently announced plans to acquire CIM Income NAV Inc., an affiliated non-traded REIT, in a stock-for-stock merger transaction. Number 8860726. The frequency, price, and limitations vary by investment program. Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Last United States, subject to individual state bar rules education that teach you to for Added that the firm will undertake representation cim real estate finance trust liquidity event you. They arose, in order to afford me financial stability to learn too late their. color: #093463; For more information, visitwww.cimgroup.com. Term roles as they arose, in order to afford me financial stability on investment performance Ann ' Positive Transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet cases throughout United. 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