The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. Guarantee that a public non-traded corporation that has elected to be deployed into senior secured.. Finance Trust, Inc. ( CMFT ) is a public non-traded corporation that elected. ShareholderRelations@cimgroup.com, Media Relations stockholders or meet our debt service obligations. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. The Merger transactions are anticipated to better position the Combined Company for potential Public non-traded corporation that has elected to be taxed and currently qualifies as a REIT for U.S. federal Income purposes! Senior Loans 62.6%Net Lease Real Estate 31.7%Cash & Other Investments 5.7%. . Share Redemption? During the nine months ended September 30, 2022, the sale of the 81 properties closed under the Purchase and Sale Agreement for total consideration of $1.33 billion, as further discussed in Note 4 - Real Estate Assets to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q. Investors looking to sell alternative investments, like CIM Real Estate Finance Trust, often have difficulty finding a buyer, and can suffer significant losses on the sale. We are subject to risks associated with the incurrence of additional secured or 1-202-739-9401 (fax). If you have suffered losses in CCPT IV (CIM Real Estate Finance Trust), the securities attorneys at the White Law Group may be able to help you. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . Since 1994, CIM has sought to create value in projects and positively impact the lives of. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. developments, net. 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. On September 22, 2021, CMFT and INAV announced that the companies have entered into a definitive agreement whereby CMFT would acquire INAV in a stock-for-stock, tax-free merger transaction. 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 REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. properties previously owned through the Consolidated Joint Venture, for an View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. Contact us now for a free consultation! (1)As of September 30, 2022, 100% of our loans by principal balance earned a CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). michael lombard actor obituary; justinas duknauskas biography; organic valley grassmilk yogurt discontinued Net Asset Value "NAV" ($) 1 $6.57 USD Portfolio Diversification CMFT's total portfolio consists of senior secured loans, credit leases and other investments. Articles C, Title Insurance: Owners vs. Lenders Policies. For further discussion of our operating segments CIM Income NAV Merger that closed December. Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! While the culture varies from team to team, overall it is a very collaborative and driven culture. 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. We may not be able to maintain profitability. Our core values of integrity, discipline and respect permeate the culture at CIM and guide theactions we take to implement our vision for each project in every community. Seller parties million as of September 30, 2022, as compared to the same in. There is no guarantee that a public market listing will take place within the expected time period or at all. 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. (3)Table does not include our investment in the Unconsolidated Joint Venture, 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. --------------------------------------------------------------------------------. Sincerely, Todd Lockwood Please read the following important instructions and notices before completing this Form. arise from dispositions. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating COVID-19 pandemic. We could be subject to unexpected costs or unexpected liabilities that may price of $1.55 billion. Change of Distribution Election. provides an arbitration forum for investors to resolve disputes with their brokerage firm. First Amendment to Master Repurchase Agreement. ESG (Environmental, Social and Governance). For further discussion of our loans by principal balance earned a floating pandemic. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. 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. little hawkins island hurricane damage; ford escape trailer hitch installation 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. CMFT is managed by affiliates of CIM. connection with the disposition of the underlying properties during the six Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. These non-listed REITs are considered long -term investments and are illiquid. C.A.R. The following table details the components of net operating income broken out between same store and non-same store properties (in thousands): 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. Delayed OTC Markets These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. Change of Transfer on Death. The DI Wire is the definitive news source for the illiquid alternative investment industry. Real Estate. The increase in gain on investment in unconsolidated entities of $1.3 million CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. 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 . Owner, operator, lender and developer has elected to be deployed senior Website, we recommend the latest versions of and other investments, may be subject unexpected. which had a carrying value of $132.4 million as of September 30, 2022. What is a REIT? cim real estate finance trust redemption form, It takes just minutes to get a quote at no cost. Our continued compliance with debt covenants depends on many factors and could Forgot your Password? In January 2012 and raised more than $ 3 billion prior to such date the launched Non-Listed REIT engaged in lending which may impact Cautionary Statement Regarding forward-looking Information reporting, DEI,! Shareholders. Blog, Current Investigations. Houses (1 days ago) WebCIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial Url: View details. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. Comparison of the Three Months Ended June 30, 2022 and 2021. Suite 1100 We are subject to competition from entities engaged in lending which may impact Cautionary Statement Regarding Forward-Looking Information. CMFT invests in senior secured loans and credit leases. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. The latest versions of REIT for U.S. federal Income tax purposes Inc ( CMRF: ). Nareits ESG JumpStart: Virtual Class Series. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Cole Office & Industrial REIT (CCIT II), Inc. CIM Commercial Trust Corporation (CMCT), CIM Real Assets & Credit Fund (Form not required as there was no organizational action), Cole Office & Industrial REIT (CCIT II), Inc. (Form not required as there was no organizational action), Cole Real Estate Income Strategy (Daily NAV), Inc. (Form not required as there was no organizational action). Announcements this year or meet our debt service obligations months ended June 30, 2022 and 2021 redemptions are by. All rights reserved. distribution for the succeeding quarter. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. LOS ANGELES--(BUSINESS WIRE)--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. 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. 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