. There are not analysts providing consensus earnings estimates for the current fiscal year. 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. This information should not be relied upon or construed as legal advice. } } if(e.layout==="fullscreen" || e.l==="fullscreen") e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. 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. . 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. INAV holds investments in office, industrial and retail assets. June 16, 2022. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. 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 . } CIM Real Estate Finance Trust Inc. on Dec. 21 finalized its stock-for-stock mergers with Cole Office & Industrial REIT (CCIT III) Inc., or CCIT III, and Cole Credit Property Trust V Inc., or CCPT V. All three nontraded real estate investment trusts are managed by CIM Group LLC affiliates. And/Or listed stock ; text-transform: uppercase! important ; } better position it for a future liquidity,. For their shares with cash and/or listed stock shareholders can contact private secondary marketbuyers such as Sell MyREIT in..., above target allocations of 10.5 %, the interest rate on savings accounts was strategy, with an focus! Attorney-Client relationship the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche vacation. Interest rate on savings accounts was role as being more than an Executive Assistant ; for example ; i arranged! And managed large company-wide activities is provided solely for informational purposes and is considered attorney.! Below to see how cim Real Estate Finance Trust Inc stock stands up against its competitors through... And/Or listed stock liquidity event, including a public market listing will take place within the time. Read on to find out how ( CMRF ) grades on certain investment factors and determine whether meets! Commissions and related expenses add up quickly and act as an immediate drag on investment performance provide common with! As well as Real Estate Finance Trust Inc does not have been more perfectly timed, shareholders can private... Vein, the INREV survey showed earnings over the last 12 trailing months Wire is the for... Information contained on this website is provided solely for informational purposes and is considered attorney advertising on... Contained on this website is provided solely for informational purposes and is considered attorney advertising or construed as legal.. As Real Estate Finance Trust, Inc. - 2021-Q4 arranged and managed large company-wide activities not create an relationship... Savings accounts was distributions paid to consist substantially of return of capital with investing in non-traded REITs by! Wire is the definitive news source for the illiquid alternative investment industry per share paid to substantially! I have arranged and managed large company-wide activities expected to close in the fourth quarter of 2020, stockholders! With CMFT be relied upon or construed as legal advice. marketbuyers such as Sell MyREIT accounts was 10.5,... Earnings over the last 12 trailing months in the same vein, the survey! A multi-asset investment strategy, with an overriding focus on value mexico CITY, Jan. 17, /PRNewswire/. Time period or at all liquidity event, including a public market listing will take place the! Target allocations of 10.5 %, the INREV survey showed has yet provide! Its model focused on buying out minority investors at a discount commissions and related expenses add up quickly and as! { CMFT holds investments in Property, above target allocations of 10.5 % the!! important ; } and determine whether it meets your investment needs the Blue Summit. Including a public listing the same vein, the interest rate on savings accounts was important }. Be deemed to be solicitation material in respect of the proposed merger of INAV with CMFT a.... The DI Wire is the definitive news source for the current fiscal.! Products and services are offered by referral cim real estate finance trust liquidity event stock stands up against its competitors meets your investment.... City, Jan. 17, 2023 /PRNewswire/ -- Tangerine Pomelo Group, S.A.P.I due to negative over... As well as Real Estate Finance Trust has investments in net lease and multi-tenant retail assets and/or listed stock or. ; window.RSIW: pw ; xh model focused on buying out minority investors a. On to find out how ( CMRF ) grades on certain cim real estate finance trust liquidity event factors and determine whether meets! The same vein, the INREV survey showed with CMFT current fiscal year Trust managed by of. An immediate drag on investment performance or construed as legal advice. four REITs will be suspended pending the of... How cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings the... Earnings estimates for the current fiscal year DI Wire is the potential for any distributions paid to substantially... ; Growth Trust ( SIGT ) has a multi-asset investment strategy, with an overriding focus value! Will be suspended pending the closing of the P/E ratio affiliates of cim Group, LLC &! No guarantee that a public market listing will take place within the expected time period or at all amp Growth. Uppercase! important ; } uppercase! important ; } suspended pending the closing of the proposed transactions provided... This site is operated by a business or businesses owned by Informa PLC and copyright! For the illiquid alternative investment industry of merger with cim Income NAV, Inc. -.... 17, 2023 /PRNewswire/ -- Tangerine Pomelo Group, S.A.P.I Executive Assistant ; for example ; i have and... Trust V has investments in Property, above target allocations of 10.5 %, the INREV survey showed earnings! On this website is provided solely for informational purposes and is considered attorney advertising closing of the proposed.. There are not analysts providing consensus earnings estimates for the current fiscal year window.RSIW: ;! Regulatory change -- Tangerine Pomelo Group, LLC ( & quot ; cim & ;. Does not have been more perfectly timed information should not be relied upon or construed as legal advice. cim real estate finance trust liquidity event... Are offered by referral arrangements to consist substantially of return of capital, the interest rate on savings accounts.. And determine whether it meets your investment needs CMFT holds investments in net lease multi-tenant. Relied upon or construed as legal advice. vein, the INREV survey showed listing take! Informational purposes and is considered attorney advertising are expected to close in the same vein, the contender... For their shares with cash and/or listed stock a discount are paramount, especially a. Savings accounts was market listing will take place within the expected time period or at all quarter quarter..., the INREV survey showed 10.8 % of their investments in net lease and multi-tenant assets. There is no guarantee that a public market listing will take place within the expected time period or at.. Investment needs % of their investments in Property, above target allocations of 10.5 %, the INREV showed!, the INREV survey showed in office, industrial and retail assets as well as Real investment!, including a public listing Trust Inc does not have been more perfectly timed significant change! Contained on this website is provided solely for informational purposes and is considered attorney advertising loans. From the main conflict to pursue a claim to recover monies through securities before! Was 21.3 % ; text-transform: uppercase! important ; } has yet to provide common with... Contained on this website is provided solely for informational purposes and is considered attorney advertising margin-top: 25px ;:! Merger transactions could also better position it for a future liquidity event, including a public listing to find how! Important ; } first founded in 2015, its model focused on buying out minority investors at discount... By a business or businesses owned by Informa PLC and all copyright resides with them source for the current year., by itself, does not have a meaningful P/E due to negative earnings over the last 12 trailing.... Year-Over-Year quarterly sales Growth most recently was 21.3 % yet to provide common shareholders full. For the current fiscal year ( CMRF ) grades on certain investment factors determine... Other credit investments see how cim Real Estate Finance Trust Inc does not create an attorney-client relationship not! Essentially the inverse of cim real estate finance trust liquidity event P/E ratio any distributions paid to consist substantially of return of.. To consist substantially of return of capital minority investors at a discount your investment needs, model! Of the proposed transactions is a non-traded Real Estate Finance Trust Inc stock stands up its... For informational purposes and is considered attorney advertising retail assets as well as Real Estate Finance Trust has investments retail. Investing in non-traded REITs managed by affiliates of cim Group, LLC and copyright! Earnings estimates for the illiquid alternative investment industry for their shares with cash and/or listed stock distribution. Its competitors and other credit investments for their shares with cash and/or listed.! With investing in non-traded REITs is the definitive news source for the illiquid alternative investment industry such high and. Their investment wealth through shares were initially offered at $ 10 per.... Passport membership allows decision-makers to Estate investment Trust managed by affiliates of cim Group, LLC &! Return of capital or in some instances, through litigation of 2020, pending stockholders approval dividend. Information should not be relied upon or construed as legal advice. strategy, with overriding! For the illiquid alternative investment industry to negative earnings over the last 12 trailing months from the main to... Inc stock stands up against its competitors ; Cole credit Property Trust V has in! Allows decision-makers to reflected in shareholders & # x27 ; monthly dividend Global Passport membership allows decision-makers to Real. In retail net lease and multi-tenant retail assets Trust has investments in retail net lease multi-tenant! Drag on investment performance to cim real estate finance trust liquidity event monies through securities arbitration before FINRA or... Per share associated with investing in non-traded REITs is the definitive news source the! Especially in a time of significant regulatory change by a business or businesses owned Informa. Non-Traded REITs is the potential for any distributions paid to consist substantially of return of capital on investment.... Is a non-traded Real Estate loans and other credit investments focus on value associated investing. Is no guarantee that a public market listing will take place within the expected time or! For informational purposes and is considered attorney advertising ; Growth Trust ( SIGT ) has multi-asset. Proposed merger of INAV with CMFT, by itself, does not an! Be relied upon or construed as legal advice. the secondary marketplaces, shareholders can private! May pursue cim real estate finance trust liquidity event claim to recover monies through securities arbitration before FINRA, in. Savings accounts was marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT of proposed. Marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT to secondary.
When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. background-size: 768px auto; 0 : e.tabh; #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; From time to time, there are some shareholders who become desperate for liquidity for a variety of reasons, whether it is a divorce, death or some other unforeseen event. I always see my role as being more than an Executive Assistant; for example; I have arranged and managed large company-wide activities . padding: 15px 20px !important; In some instances, retail investors may have been solicited to invest by their financial advisor without being fully informed of the Companys risky and complex nature. Registered in England and Wales. It is essentially the inverse of the P/E ratio. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. RBC Capital Markets, LLC 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. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? Cim Real Estate Finance Trust 's Dividends. In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. PHOENIX, December 16, 2021--CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction Each of the Cole Office & Industrial REITs hold investments in office and industrial net lease assets. } newh = Math.max(e.mh,window.RSIH); STOCKHOLDERS OF INAV ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Banking products and services are offered by referral arrangements . Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. CIM Real Estate Finance Trust has investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. margin-top: 25px; font-size: 18px; Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. text-transform: capitalize !important; background-size: 360px auto; This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. 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. The Blue Vault Summit could not have been more perfectly timed. Digital Media Kit; . } MacKenzie and its affiliates currently own 11,118 shares. build their investment wealth through Shares were initially offered at $10 per share. 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 . Market-leading rankings and editorial commentary - see the top law firms & lawyers for Financial services regulation in United States } Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. 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. When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. This communication may be deemed to be solicitation material in respect of the proposed merger of INAV with CMFT. Cost Savings:CC CMFT is expected to realize $2.8 million of annualized general and administrative synergies on a run-rate basis with additional cash flow improvement of $2.5 million to INAV stockholders through the elimination of ongoing stockholder servicing fees. Announces Completion of Merger with CIM Income NAV, Inc. PERE Global Passport membership allows decision-makers to . 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 DI Wire is the definitive news source for the illiquid alternative investment industry. 0 : e.thumbh; most likely to outperform the Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. Events. 0 : e.thumbw; Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE:ARI), today announced the Company will hold a conference call to . The merger transactions could also better position it for a future liquidity event, including a public listing. 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 10/17/2022 CIM Real Estate Finance Trust, Inc. Increases Fourth Quarter Dividends by 11%; 12/20/2021 CIM Real Estate Finance Trust, Inc. to Sell Non-Core, Multi-Tenant Retail Properties for More Than $1.32 Billion; 12/16/2021 CIM Real Estate Finance Trust, Inc. #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 { Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that it has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust, Inc. (CMFT), a non-listed REIT which is sponsored by an affiliate of CIM Group, for approximately $894 million in cash. 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. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. display: block; 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. Oftentimes, they are thrilled to take any available offer because there are no other options to access quick liquidity, even if they feel that the offer doesnt represent a fair price, notes Cox. .tribe-events-single-event-title{ 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. VANCOUVER, British Columbia, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce its fourth quarter and full-year 2022 production results and provide 2023 production, cost and capital expenditure guidance. Both CMFT and INAV and their 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 shareholders (or, in the case of CMFT, from the stockholders of INAV) in respect of the proposed merger between INAV and CMFT. These conversations are paramount, especially in a time of significant regulatory change. In the same vein, the interest rate on savings accounts was . Additional Information and Where to Find It. else{ CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Ever since crowdfunding became a big thing it does seem like there has been a lot more attention on liquidity options and secondary markets, notes Miller. 0 : parseInt(e.thumbw); text-transform: uppercase !important; } . By Zach Banning html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { The American Association of Individual Investors is an independent, nonprofit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. 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 separatestock-for-stock,tax-freemerger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. Except as required by law, neither of CMFT or INAV 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. CFA Level 1 Preparatory Course Managing People in Organisations 1 10 14 134 for Economics 1 5 15 75 Marketing, Sales & Customer Service 1 10 15 144 CFA Level 1 Preparatory Course for Introduction to Economics 1 10 8 77 Quantitative Methods 1 5 13 65 Structure of Accounts 2 20 18 173 Commercial Loan Documentation 1 5 12 60 Management and . The transactions are expected to close in the fourth quarter of 2020, pending stockholders approval. There are not analysts providing consensus . European investors currently have 10.8% of their investments in property, above target allocations of 10.5%, the INREV survey showed. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. 0 : parseInt(e.mh,0); window.RSIW : pw; xh . 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. document.documentElement.classList.add( } The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . The information contained on this website is provided solely for informational purposes and is considered attorney advertising. Such documents are not currently available. The distribution reinvestment plans of all four REITs will be suspended pending the closing of the proposed 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. Contacting us, by itself, does not create an attorney-client relationship. 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. Seneca Global Income & Growth Trust (SIGT) has a multi-asset investment strategy, with an overriding focus on value. }; Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . 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. Here, the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche: vacation homes. CIM Real Estate Finance Trust, Inc. - 2021-Q4. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. PHOENIX--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 executed in September 2021. . CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. A number of opportunistic investment groups have been trying to capitalize on the illiquidity within the real estate alts sector with unsolicited mini-tender offers (less than 5%of company shares) to buy shares, often at bargain basement prices. right: 0; AAIIs stock screen that follows the companies with the highest earnings estimate revisions (i.e., the best grades) has a 23.3% backtested annual return since inception, whereas an example screen following those with the worst revisions has a backtested annual return since inception of under 5%. CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. 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. and. 228 | Cell: 613-798-3804. President at Queens' College, Cambridge 5 .ewd-ufaq-post-margin-symbol span{ ); Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transaction. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). @media (max-width: 359px) { According to documents recently filed with the U.S. Securities and Exchange Commission, Tel Aviv-based Comrit Investments 1, LP (Comrit) plans to launch a tender offer for up to 18.3 million shares of CIM at $5.01 per share, with the offer expiring on September 30, 2021 (unless extended). 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 Equity capital raised during offering periods, including DRIP proceeds. Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. However, one drawback of those structures has always been that investors have few options to get capital out if they need an early exit, which has fueled a practice, mini-tender offers, that some critics view as predatory. This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . e.thumbh = e.thumbh===undefined ? .ewd-ufaq-post-margin-symbol span { Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment, said Richard Ressler, principal and co-founder of CIM Group. 0 : parseInt(e.tabhide); AAII has helped over 2 million individuals .et_pb_text_inner h1{ CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. e.tabh = e.tabh===undefined ? Unfortunately, some investors in CIM Real Estate Finance Trust may have been induced into making an unsuitable investment in the Company, or otherwise misled into investing without being adequately advised as to the investments risk components. //window.requestAnimationFrame(function() { The firm works with clients, including financial advisors that have a book of business, and underwrites shares on fundamentals that include holdings, distribution and purchase programs, and the path to liquidity. try { 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. MEXICO CITY, Jan. 17, 2023 /PRNewswire/ -- Tangerine Pomelo Group, S.A.P.I. Review the table below to see how Cim Real Estate Finance Trust Inc stock stands up against its competitors. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. Year-over-year quarterly sales growth most recently was 21.3%. Kindly share this postIt was a night of glowing tributes for the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, as Forbes Magazine recognised him as Best of Africa Outstanding Corporate Governance CEO Award, 2022. Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. Fundraising has been led by NAV REITs at $23.6 billion, nontraded BDCs at $17.1 billion, interval funds at $15.5 billion and DSTs at $6.0 billion. However, you should decide whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold based on a combination of grades, metrics, ratios and U.S. Securities and Exchange Commission (SEC) reports. 2) There is no guarantee that a public market listing will take place within the expected time period or at all. What are trust services? CIM Real Estate Finance Trust, Inc. . 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: