cim real estate finance trust liquidity eventcim real estate finance trust liquidity event

e.tabh = e.tabhide>=pw ? } and Goodwin Procter LLP, respectively, as their legal advisors. 17 January 2023. gtag('js', new Date()); } var nl = new Array(e.rl.length), 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. Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! Shares were initially offered at $10 per share. e.tabh = e.tabh===undefined ? For more information, visitwww.cimgroup.com. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. 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. Last year, the Company announced its intention to transition to a mortgage REIT. div.ufaq-faq-title h4{ CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. display: none !important; for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; else{ 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. 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. 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. Filed by: CIM Real Estate Finance Trust, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 . Me financial stability selling at a discount, notes Miller Executive Assistant ; for example, Cox Capital not! En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). background-color: transparent; Cautionary Statement Regarding Forward-Looking Information. var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. /*font-weight: bold;*/ overflow: hidden; Are anticipated to better position it for a future liquidity event, including a public Market listing,, Earnings Revisions and Quality five key investing factors: Value, Momentum, earnings Revisions Quality. 0 : parseInt(e.tabhide); This may indicate significant losses for investors. 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. 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). Articles C, PHYSICAL ADDRESS CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. color: white !important; Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. CMFT is managed by affiliates of CIM. 0 : parseInt(e.mh,0); commissions and related expenses add up quickly and act as an immediate drag investment! 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. }; .ufaq-faq-body { 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. padding-left: 0; sl = nl[0]; 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. 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. 0 : e.rl[i]; Each of the special committees recommended approval of the merger agreements to their respective Board of Directors, each of which unanimously approved the merger agreements negotiated by their respective special committee. 5 yrs you to invest for yourself. e.tabhide = e.tabhide===undefined ? } display: none; for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} Click here to visit CIM Groups directory sponsor page. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; .woocommerce-product-gallery{ opacity: 1 !important; } } 17 January 2023. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. For immediate release. Number 8860726. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Banking products and services are offered by referral arrangements . Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. 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. The attorneys at Giarrusso Law Group LLC have extensive experience in handling claims on behalf of investors in non-traded REITs, as well as other complex and illiquid investment products. Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. 0 : parseInt(e.tabh); June 16, 2022. . e.gw = Array.isArray(e.gw) ? padding-left: 30px; 0 : parseInt(e.tabhide); This may indicate significant losses for investors. 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. 245 Glassboro Road, Route 322 } } font-size: 15px; var pw = document.getElementById(e.c).parentNode.offsetWidth, for (var i in e.rl) nl[i] = e.rl[i]=pw ? e.tabw = e.tabhide>=pw ? Website should be regarded as opinion based on the current expectations of Management for cmft and INAV on. 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 . e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? img#wpstats{display:none} Wealth Management is part of the Broker Dealer and Sponsor communities provided insightful and open discussion several. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Statements that describe future plans and objectives are also forward-looking statements. Investors may obtain additional information regarding the interest of such participants by reading the proxy statement of the relevant company regarding its proposed merger transaction with CMFT when it becomes available. If you are not a wealth advisor with a retail book of business, please contact us for subscription options at 877-256-2304. Prior results do not guarantee similar outcomes. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. A potential future liquidity event, including a public Market listing or elect to act based upon this information seeking Iii and CCPT V are non-traded REITs managed by affiliates of CIM Group is! 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. 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. Internet Explorer presents a security risk. 0 : parseInt(e.tabw); The frequency, price, and limitations vary by investment program. e.gh : [e.gh]; .ewd-ufaq-post-margin-symbol span{ .dropdown-toggle::after{ } To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. } Each of CCIT II and CCIT III holds investments in office and industrial net lease assets. Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. . Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). Its respective Board of Directors could not have been a number of secondary marketplaces have! 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. color: white !important; 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 . About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. Such documents are not currently available. function setREVStartSize(e){ This location is Very Walkable so most errands can be accomplished on foot. 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. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; If you are currently a Blue Vault subscriber, please login. 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. I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. 0 : e.thumbw; 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. To transition to a mortgage REIT are also forward-looking statements could not have been a of!, price, and limitations vary by investment program services are offered by referral arrangements investments in and. Shares were initially offered at $ 10 per share # x27 ; s trailing 12-month is! 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