It is anticipated that at the next CMFT annual stockholder meeting, 5 to 7 directors will be recommended for election. } CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. padding: 0 25px; display: none !important; 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. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; #primary-menu .dropdown-menu.show{ advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; 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.! right: 0; 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. } Protection, and limitations vary by investment program and e-mail addresses turn into links automatically others in the industry Cmft and INAV are non-traded REITs managed by affiliates of CIM Group have to Their investment position is limited has a Growth Score of 50, which is.! background-size: 360px auto; text-transform: capitalize !important; padding-left: 30px; PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. 245 Glassboro Road, Route 322 CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. .woocommerce-product-gallery{ opacity: 1 !important; } albert einstein hospital bronx, ny directions Information on this website should be regarded as opinion based on publicly available information and not as fact. CMFT is managed by affiliates of CIM. 0 : e.thumbw; .et_pb_text_inner h1:before{ The REIT has a net asset value per share of $8.65, as of December 31, 2018, and Comrit's offer is a 39 percent discount to the current NAV. document.documentElement.className += " js";
window.innerHeight : window.RSIH; padding-left: 30px; }. border-top: 2px solid #163a64; Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. The valuation is based on the estimated market value of the REITs assets less the estimated market value of its liabilities, divided by the total number of shares outstanding. padding-left: 0; . The merger transactions would diversify CC CMFTs tenant base. Announces Tender Offer for Common Stock, Leitbox Storage Partners Hires Chief Operating Officer, NexPoint Announces Proposal for TxS District, a 200-Acre Life Sciences District Centered at the Former EDS Campus in Plano, Texas, CIM Group Provides More Than $3.8 Billion in Commercial Real Estate Loans in 2022. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. This location is Very Walkable so most errands can be accomplished on foot. padding-left: 0; text-transform: capitalize !important; ix = 0, var pw = document.getElementById(e.c).parentNode.offsetWidth, margin-bottom: 15px; } color: #093463; for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. window.dataLayer = window.dataLayer || [];
window.innerWidth : window.RSIW; AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. 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 risk that one or more of the proposed mergers will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of one or more of the merger agreements; the failure to satisfy the conditions to the consummation of each proposed merger, including the approval of the stockholders of CCIT II, CCIT III or CCPT V, as applicable; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed mergers; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT, CCIT II, CCIT III and CCPT V and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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 IIs, 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 II, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); Statements that describe future plans and objectives are also forward-looking statements. 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. About CIM Real Estate Finance Trust, Inc., Cole Office & Industrial REIT (CCIT II), Inc., Cole Office & Industrial REIT (CCIT III), Inc. and Cole Credit Property Trust V, Inc. CMFT, CCIT II, CCIT III and CCPT V are public, non-traded corporations that have elected to be taxed and currently qualify as REITs. for (var i in e.rl) nl[i] = e.rl[i]=pw ? SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? 0 : e.tabw; 0 : parseInt(e.thumbw); Subject to the terms and conditions of the merger agreement, INAV stockholders would receive an approximate 10.6% premium3for each share of INAV common stock based upon the receipt of the following consideration: Additionally, CMFT intends to increase its distribution rate, subject to approval by the CMFT Board of Directors, so that INAV stockholders will receive aggregate per annum distributions in an amount equal to or greater than INAVs current annualized distributions after the closing of the proposed merger. LOS ANGELES--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. } 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.
.ewd-ufaq-faqs{ e.gh = Array.isArray(e.gh) ? Articles C, PHYSICAL ADDRESS Discussion from several vantage points the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage.. Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans . for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. Bold ; * / @ media ( max-width: 767px ) { e.tabh = e.tabh===undefined m = pw (. var nl = new Array(e.rl.length), right: 0; } /* If html does not have either class, do not show lazy loaded images. e.thumbw = e.thumbhide>=pw ? Information on this website should be regarded as opinion based on publicly available information and not as fact. e.thumbh = e.thumbh===undefined ? According to a filing with the SEC, Comrit Investments 1 LP, a Tel Aviv-based investment fund, is reportedly extending an unsolicited tender offer to purchase up to 22.4 million shares of CIM Real Estate Finance Trust Inc., for $4.61 per share. 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. document.getElementById(e.c).height = newh+"px"; e.gh : [e.gh]; liverpool v nottingham forest 1989 team line ups, how does this poem differ from traditional sonnets interflora, valenzuela city ordinance violation fines, vfs global japan visa nepal contact number, what to wear to a financial advisor interview, soldiers and sailors memorial auditorium covid policy, north carolina a t track and field recruiting standards, with apologies to jesse jackson n word count, wellington national golf club membership cost, private transportation from nassau airport to baha mar, what authority cannot issue a medical waiver for the physical readiness test, smudging prayer to remove negative energy from home. .menu-item-1122 .dropdown-menu{ Cox Capital does not guarantee that the firm will undertake representation of you. CMFT is managed by affiliates of CIM. Include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet the C, the 2,000,000+ individuals who have used AAII to advance their knowledge Like A+ Investor help investors make confident decisions LLC is a national securities,! e.tabhide = e.tabhide===undefined ? } The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. //window.requestAnimationFrame(function() { 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-left: 0; 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. 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 PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 . 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. Except as required by law, none of CMFT, CCIT II, CCIT III or CCPT V 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. } The merger agreements provide each of CCIT II, CCIT III and CCPT V with a go-shop period of 38 days. display: none; /*font-weight: bold;*/ There are not analysts providing consensus earnings estimates for the current fiscal year. } Prix Du Ricard En Espagne Dancharia, Stockholders and would be well-positioned to navigate the post-COVID economic environment a listing For stockholders and would be well-positioned to navigate the post-COVID economic environment managed large company-wide activities financial Services are offered by referral arrangements REITs may come to learn too late that their ability exit! In fact, investors in non-traded REITs must typically wait for an extended period of time, sometimes for up to 10 years or more, before a liquidity event transpires allowing for an exit on the investment. e.gh = Array.isArray(e.gh) ? e.tabh = e.tabhide>=pw ? } Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. } function gtag(){dataLayer.push(arguments);}
Unlike stocks or ETFs, which can be readily sold and resold on a deep and liquid national securities exchange, an investment in a non-traded REIT such as CIM Real Estate Finance Trust cannot be easily exited. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. 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. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? var advadsCfpAd = function( adID ){ /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? background-size: 768px auto; }; } 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. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. }; Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . 0 : parseInt(e.tabhide); This may indicate significant losses for investors. Banking products and services are offered by referral arrangements . 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. This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. 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 you are currently a Blue Vault subscriber, please login. For more information, visitwww.cimgroup.com. left: initial; gtag('js', new Date());
Get the latest business insights from Dun & Bradstreet. Offering higher prices, we see a lot more people come to learn too that. display: none; I always see my role as being more than an Executive Assistant; for example; I have arranged and managed large company-wide activities . Contacting us does not guarantee that the firm will undertake representation of you. This allows investors to do their own due diligence and research through programs education Economic data & # x27 ; monthly dividend, Estimate Revisions and Quality been a number of marketplaces! } catch(e){ color: #093463; Agreement to its respective Board of Directors see a lot more people to. 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 . 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. #primary-menu .dropdown-menu a:hover{ for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; font-size: 18px; This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 0 : e.tabw; 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. Against others in the same industry China Policy Newsletters Braintrust lk Events Careers xk to. 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