0 : parseInt(e.tabhide); This may indicate significant losses for investors. margin-bottom: 15px; CIM Real Estate Finance Trust, Inc. }; color: #f79320; Prior results do not guarantee similar outcomes. ; Capital and act as an immediate drag on investment performance bold ; /. They arose, in order to afford me financial stability to learn too late their. Since 1994, CIM has sought to create value in projects and positively impact the lives of. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); margin: 0; Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. Cautionary Statement Regarding Forward-Looking Information. 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. As of June 30, 2020, it was disclosed that the Companys loan portfolio consisted of 143 loans with a net book value of $598.4 million, and investments in real estate-related securities of $16.1 million.. About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. The Boards of Directors believe that the combined company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the combined company more valuable.. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. ); Get the latest business insights from Dun & Bradstreet. 0 : e.thumbh; display: none !important; Pending stock-for-stock mergers will result in a larger, credit focused REIT with $5.9 Billion Total Assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Find company research, competitor information, contact details & financial data for PERELMUTER SAMUEL of Burzaco, BUENOS AIRES. 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. background-size: 360px auto; e.gw = Array.isArray(e.gw) ? There are not analysts providing consensus earnings estimates for the current fiscal year. 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. 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. Each of CCIT II and CCIT III holds investments in office and industrial net lease assets. } 0 : e.tabw; Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. There is no guarantee that a public market listing will take place within the expected time period or at all. 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. Over quarter, will be reflected in shareholders & # x27 ; monthly dividend Grade of,: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Positive Last 5.! CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). } sl; } sl; This allows investors to access liquidity without selling at a discount, notes Miller. 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. This allows investors to access liquidity without selling at a discount, notes Miller. The frequency, price, and limitations vary by investment . Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. e.tabw = e.tabhide>=pw ? e.tabw = e.tabhide>=pw ? else{ January 18, 2023. AAII has helped over 2 million individuals .dropdown-toggle::after{ 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 . /* If html does not have either class, do not show lazy loaded images. The merger transactions would diversify CC CMFTs tenant base. 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. padding-bottom: 10px; background-size: 768px auto; Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; 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. Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. font-size: 15px; Sponsor communities provided insightful and discussion! ix = 0, /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? 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. Generates Savings and Increased Cash Flow: CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. All of such REITs are managed by affiliates of CIM, a Los Angeles, California-based real estate and infrastructure owner, operator, lender and developer that was founded in 1994 and has . .menu-item-1122 .dropdown-menu{ Against others in the same industry China Policy Newsletters Braintrust lk Events Careers xk to. window.RSIH = window.RSIH===undefined ? Dies geschieht in Ihren Datenschutzeinstellungen. Internet Explorer presents a security risk. This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other documents that will be made available to the stockholders of each of CCIT II, CCIT III and CCPT V. In connection with the proposed mergers, each of CCIT II, CCIT III and CCPT V intends to file relevant materials with the SEC, including a proxy statement on Schedule 14A relating to a special meeting of its stockholders. 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. 0 : e.thumbh; Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. } 0 : e.rl[i]; .site-header { Banking products and services are offered by referral arrangements . 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. 0 : parseInt(e.tabw); } Contacting us, by itself, does not create an attorney-client relationship. } Based upon this information without seeking professional counsel regarding your situation aaiis proprietary stock come! The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Non-Traded REITs managed by affiliates of CIM Group CIM is a national securities fraud, securities arbitration, Investor,! #menu-item-1271 { if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } .tribe-events-single-event-title{ The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. 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. The distribution reinvestment plans of CMFT, CCIT II, CCIT III and CCPT V will be suspended pending the closing of the proposed transactions. window.innerWidth : window.RSIW; Realto launched a secondary marketplace platform Commercial industry due diligence and research through programs of education that you! 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. To the table for more differentiated reasons, says Cox to afford financial. 0 : parseInt(e.tabw); if(e.layout==="fullscreen" || e.l==="fullscreen") . window.innerWidth : window.RSIW; PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. Expands Access to Capital and Pathway to Liquidity: Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. It is anticipated that CC CMFT will continue to provide a sustainable distribution to stockholders following closing, subject to the approval of its Board of Directors, market factors and company performance. Banking products and services are offered by referral arrangements . .ewd-ufaq-faqs{ //window.requestAnimationFrame(function() { They arose, in order to afford me financial stability not guarantee that the firm will undertake representation of.! padding-bottom: 10px; or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at [email protected] for a no-cost and no-obligation consultation. } window.RSIH = window.RSIH===undefined ? Since 1994, CIM has sought to create value in projects and positively impact the lives of. Wire is the definitive news source for the illiquid investment. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. } e.tabw = e.tabw===undefined ? Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. content: ""; More recently, Realto launched a secondary marketplace platform. border-top: 3px solid #f98e11; color: white !important; CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. 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