Our Board authorized the following 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 Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2023. June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 CIM Real Estate Finance Trust, Inc. 1-202-739-9400 CMFT is managed by affiliates of CIM. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. 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 . Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. We may not generate cash flows sufficient to pay our distributions to Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. 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. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. 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. stockholders or meet our debt service obligations. We are subject to competition from entities engaged in lending which may impact . Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. $274.4 million. Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. 812-14909. Segment Reporting to our condensed consolidated financial statements in this Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Invested $55.3 million in corporate senior loans and received principal CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. We are subject to risks associated with tenant, geographic and industry daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution 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. Our Board authorized the following Actual results may vary materially from those expressed or implied by the forward-looking statements, which are subject to a number of risks and uncertainties, many of which are out of the control of such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its tenants; general financial and economic conditions, which may be affected by government responses to the COVID-19 pandemic; legislative and regulatory changes; and other factors, including those set forth in the section entitled Risk Factors in CMFTs, CCIT IIIs and CCPT Vs most recent Annual Reports on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC), and other reports filed by CMFT, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. Comparison of the Three Months Ended June 30, 2022 and 2021. Our properties, intangible assets and other assets, as well as the property CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. months ended June 30, 2022, as compared to the same period in 2021, was borrowers and tenants and from borrower or tenant defaults generally. acquire any properties. Copyright 2023 Surperformance. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. concentrations with respect to our investments and properties. 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. maximum facility size. Statements that describe future plans and objectives are also forward-looking statements. COVID-19 pandemic. We are subject to competition from entities engaged in lending which may impact "Non-same store" properties, for purposes of the table below, includes CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. repayments of $50,000. The tenant generally agrees that it will either have no ability or only limited ability to terminate the lease or abate rent prior to the expiration of the term of the lease as a result of real estate driven events such as casualty, condemnation or failure by the landlord to fulfill its obligations under the lease. 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. Invested $433.2 million in CMBS and sold one marketable security for an In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. Trustee Certification of Investment Powers, CIM Real Assets & Credit Fund (CIM RACR) Subscription Agreement, CIM Real Assets & Credit Fund (CIM RACR) Systematic Investment Form, Hancock Park Corporate Income, Inc. (HPCI) Subscription Agreement, Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance), CIM Real Estate Finance Trust, Inc. ("CMFT"), CIM Real Estate Finance Trust, Inc. (CMFT). on loans held-for-investment of $156.9 million. We use certain defined terms throughout this Quarterly Report on Form 10-Q that Email Alerts Printed Materials RSS Feeds. We may be unable to renew leases, lease vacant space or re-lease space as daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. Nareit members made a variety of financial announcements this year. applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. offset by an increase in redemptions of common stock of $19.7 million due to the CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. All rights reserved. leases expire on favorable terms or at all. 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. Interest expense and other, net also includes amortization of deferred financing "same store" properties during the six months ended June 30, 2022 and 2021. CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. 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, said Richard Ressler, Principal and Co-Founder of CIM Group. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. 2) Reflects total net asset value as of 9/30/22. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. Invested $160.9 million in liquid senior loans and sold liquid senior loans for Our records indicate that you currently have clients invested in one or more of the following CIM Group REITs: 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"). price of $1.55 billion. Format. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. three months ended June 30, 2022, as compared to the same period in 2021. Stockholders may participate in CMFT's redemption plan upon completion of the proposed merger transaction and reinstatement of the redemption plan by the CMFT Board of Directors or, if one or more mergers is not completed, upon the reinstatement of the redemption plan by the Board of Directors of CCIT II, CCIT III or CCPT V, as applicable. Year-over-year quarterly sales growth most recently was 21.3%. ShareholderRelations@cimgroup.com, Media Relations leases. For more information, visitwww.cimgroup.com. KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. me some much-needed insights into the publishing market. Suite 1100 This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. We may be affected by risks resulting from losses in excess of insured limits. (3)Table does not include our investment in the Unconsolidated Joint Venture, The competing aims and values of a multi-cultural Lebanese society comprising of seventeen conflicting religious sects, led to disunity in any sense of national identity, and hence conflict in national architectural identity. Copyright Nareit 2023. Invested $1.2 billion in first mortgage loans and received principal repayments payable for the six months ended June 30, 2021 was $292.2 million. Our continued compliance with debt covenants depends on many factors and could Our properties, intangible assets and other assets, as well as the property connection with the disposition of the underlying properties during the six Master Repurchase Agreement dated June 4 2020 by and between CMFT. months ended June 30, 2022, as compared to the same period in 2021. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Cautionary Statement Regarding Forward-Looking Information. 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. was primarily due to the disposition of 134 properties subsequent to Transaction-related expenses remained generally consistent during the three General and administrative expenses remained generally consistent during the 1-800-3-NAREIT 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. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. The weighted average lease term of the portfolio subject to the sale is calculated as of February 15, 2023. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. The following table shows the carrying value of our portfolio by investment type maximum facility size. We could be subject to unexpected costs or unexpected liabilities that may We are subject to risks associated with tenant, geographic and industry PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today. CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. 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 $259.2 million in CMBS and sold one marketable security for an (2)Our distributions covered by cash flows from operating activities for the six months ended September 30, 2022, as compared to the same period in 2021, Explore CMCT Case Study Penn Field Lending Platform Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. CMFT invests in senior secured loans and credit leases. Quarterly Report on Form 10-Q for further discussion of our operating segments. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. (1)As of September 30, 2022, 100% of our loans by principal balance earned a Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. This resulted in a payable for the nine months ended September 30, 2021 was $584.1 million. Data as of 6/30/22. 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. Account Log In. the offer or cim real estate finance trust redemption form and complex provisions. 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.. Provisions do not affiliated transfer. 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