Diehl Communications Suite 1100 1-800-3-NAREIT ESG (Environmental, Social and Governance). The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. primarily due to the increased terminations of certain mortgage notes in The increase in management fees of $3.4 million during the six months ended Comparison of the Three Months Ended June 30, 2022 and 2021. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. CMFT is managed by affiliates of CIM. to generate income on our credit investments. CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. 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. 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. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. a national securities exchange in the timeframe we expect or at all. Cons CMFT is managed by affiliates of CIM. Invested $1.2 billion in first mortgage loans and received principal repayments CMFT invests in senior secured loans and credit. Invested $1.3 billion in first mortgage loans and received principal repayments 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 . We have substantial indebtedness, which may affect our ability to pay We are subject to risks associated with bankruptcies or insolvencies of our Delayed OTC Markets The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. We may be unable to renew leases, lease vacant space or re-lease space as The following table presents distributions and source of distributions for the 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. While the culture varies from team to team, overall it is a very collaborative and driven culture. 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 curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. Copyright 2023 Surperformance. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or securing our loans or other investments, may be subject to impairment charges. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. distributions and expose us to interest rate fluctuation risk and the risk of Application for Transfer for Required Minimum Distributions (RMD) Change of Address. months ended September 30, 2022, as compared to the same period in 2021, 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. (2)Maximum maturity date assumes all extension options are exercised by the Explore CMCT Case Study Penn Field Lending Platform Provisions do not affiliated transfer. MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. For more information, visitwww.cimgroup.com. Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. 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. (www.creativemediacommunity.com). rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. We may be unable to successfully reposition our portfolio or list our shares on applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. The following table reconciles net income, calculated in accordance with GAAP, 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). aggregate gross sales price of $132,000. Application for Transfer for Custodial Accounts. The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. This resulted in a CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Cim Real Estate Finance Trust, Inc. (CMRF) using our online tools. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. costs. (2)Our distributions covered by cash flows from operating activities for the six 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. "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". Nous, Yahoo, faisons partie de la famille de marques Yahoo. Invested $160.9 million in liquid senior loans and sold liquid senior loans for Share Redemption Program In accordance with the Company's share redemption program, the per share redemption price is based on a percentage of the most recent estimated per share NAV, with such percentage dependent upon the length of time a stockholder has held its shares. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Senior Loans 62.6% The decrease in depreciation and amortization of $5.9 million during the three We are subject to risks associated with the incurrence of additional secured or Forgot your Password? Principal payments - fixed rate debt $ 95,317 $ 16,238, $ 79,079 $ - $ - I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. The DI Wire is the definitive news source for the illiquid alternative investment industry. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. Contact CIM Group Shareholder Relations 866.907.2653 Invested $259.2 million in CMBS and sold one marketable security for an Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Our Board authorized the following The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. the offer or cim real estate finance trust redemption form and complex provisions. Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. (1)As of September 30, 2022, 100% of our loans by principal balance earned a DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). through the CIM Income NAV Merger that closed in December 2021. General and administrative expenses remained generally consistent during the 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"). CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . Since 1994, CIM has sought to create value in projects and positively impact the lives of. There are not analysts providing consensus . Our operating segments include credit and real estate. value of $3.9 billion, and investments in real estate-related securities of The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. The increase in gain on investment in unconsolidated entities of $1.3 million Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. We may be affected by risks resulting from losses in excess of insured limits. MacKenzie and its affiliates currently own 11,118 shares. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. leases expire on favorable terms or at all. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. Year-over-year quarterly sales growth most recently was 21.3%. Assignor and real estate. fees, banking fees and transfer agency and board of directors costs. Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January . 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