cim real estate finance trust liquidity event

e.gw = Array.isArray(e.gw) ? 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. de C.V. (the "Company") (f/k/a Mexarrend, S.A.P.I. .ewd-ufaq-post-margin-symbol{ The distribution reinvestment plans of all four REITs will be suspended pending the closing of the proposed transactions. As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. }; img#wpstats{display:none} The Company merged with Cole Office & Industrial REIT, Inc. and Cole Credit Property Trust V, Inc. in December 2020. Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. market. REITs are a way to invest in real estate without buying a property outright. . Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . 0 : parseInt(e.tabhide); .et_pb_text_inner h1{ LOS ANGELES--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction. This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . As of June 30, 2020, it was disclosed that the Companys loan portfolio consisted of 143 loans with a net book value of $598.4 million, and investments in real estate-related securities of $16.1 million.. By Zach Banning most likely to outperform the 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. } Cim Real Estate Finance Trust Inc (CCPT) Dividend yield, percetage of earnings per share payed out as dividend by quarter - CSIMarket. Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. The award ceremony which was held virtually was organised by the Forbes magazine in conjunction with the [] The Merger is intended to qualify as a "reorganization" under, and within the meaning of, Section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code"). It's calculated as earnings divided by price. ix = 0, Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that it has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust, Inc. (CMFT), a non-listed REIT which is sponsored by an affiliate of CIM Group, for approximately $894 million in cash. 10/17/2022 CIM Real Estate Finance Trust, Inc. Increases Fourth Quarter Dividends by 11%; 12/20/2021 CIM Real Estate Finance Trust, Inc. to Sell Non-Core, Multi-Tenant Retail Properties for More Than $1.32 Billion; 12/16/2021 CIM Real Estate Finance Trust, Inc. We believe combining INAV and CMFT will benefit stockholders of both companies by creating a larger, more diversified and valuable company, positioning the company for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. Founded as the Taverners Trust and initially managed by Aberdeen Asset Management, the trust became the Midas Income & Growth Trust in August 2005. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. Go Back. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 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. I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. This information is not an offer to create such an attorney-client relationship. I am an experienced C-level Executive Assistant, with superior knowledge of international companies within many differing industries. Definition of REITs. Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. The Special Committee of the Board of Directors of INAV has engaged Jones Lang LaSalle Securities, LLC, an affiliate of Jones Lang LaSalle America, Inc. as their financial advisor, and Nelson Mullins Riley & Scarborough LLP as their legal advisor. After all, vacation homes generate 160% more revenue . 0 : parseInt(e.tabw); Get your free copy of our special 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. Most private REITs cost much more than mutual funds. Ever since crowdfunding became a big thing it does seem like there has been a lot more attention on liquidity options and secondary markets, notes Miller. Cautionary Statement Regarding Forward-Looking Information. 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So, if youre still on the fence about whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold, you can utilize our expansive and robust screening tools like A+ Investor to help make your decision. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. This communication includes certain forward-looking statements within the meaning of Section 27A the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. window.innerWidth : window.RSIW; .woocommerce-product-gallery{ opacity: 1 !important; } newh; January 18, 2023. The pro forma combined . font-size: 15px; window.innerHeight : window.RSIH; The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. The merger transactions could also better position it for a future liquidity event, including a public listing. There are not analysts providing consensus . CIM Real Estate Finance Trust is expected to realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers, the company said. Click here to visit CIM Groups directory sponsor page. window.RSIW = window.RSIW===undefined ? 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. Here, well take a closer look at Cim Real Estate Finance Trust Incs stock grades for value, growth and quality. Cim Real Estate Finance Trust Inc does not currently pay a dividend. The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . In connection with the proposed merger, INAV intends to file relevant materials with the SEC, including a proxy statement on Schedule 14A relating to a special meeting of its stockholders. Alternative options to generate liquidity may include selling shares on a limited and fragmented secondary market, or responding to a tender offer such as Comrits recent Liquidation Opportunity, options which nearly always entail disadvantageous pricing for the investor. . Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). 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 the proposed merger 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 the merger agreement; the failure to satisfy the conditions to the consummation of the proposed merger, including the approval of the stockholders of INAV; 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 merger; 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 and INAV 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 and INAVs 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 and INAV with the SEC, copies of which are available on the SECs website,www.sec.gov. 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. May 10, 2022. Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. AAII can help you figure these out and identify which investments align with what works best for you. MacKenzie Capital could not be reached for comment. These 4 key factors, when combined with the above, provide a holistic view into a stock. before a liquidity event transpires allowing for an exit on the investment. Announces Completion of Merger with CIM Income NAV, Inc. } } Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to report operational results for the final quarter of 2022 and provide a review of its development and exploration activities. Even the SEC acknowledges that mini-tender offers are often aimed at catching investors off guard and offers a list of tips to shareholders. 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. In some instances, retail investors may have been solicited to invest by their financial advisor without being fully informed of the Companys risky and complex nature. 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 . 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. A+ Investor adds to its qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions, find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs and understand your portfolio at a more detailed level. color: white !important; Each respective Board of Directors subsequently unanimously approved the entry by its REIT into the merger agreement. Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. A number of opportunistic investment groups have been trying to capitalize on the illiquidity within the real estate alts sector with unsolicited mini-tender offers (less than 5%of company shares) to buy shares, often at bargain basement prices. function gtag(){dataLayer.push(arguments);} Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). However, there was usually a big disconnect in pricing, what QuickLiquidity wanted to pay versus what the shareholder was willing to accept, notes Miller. 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 3.05c to 3.39c . Each special committee recommended approval of the merger agreement to its respective Board of Directors. #menu-item-1271 { From time to time, there are some shareholders who become desperate for liquidity for a variety of reasons, whether it is a divorce, death or some other unforeseen event. Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2021-Q4. The pro forma combined company (CC CMFT) would have approximately $6.0 billion in total enterprise value, creating a leading commercial credit-focused real estate investment trust (REIT) with greater tenant, industry, and asset type diversity, financial strength, and improved access to capital markets. 1) Based on CMFT and INAVs respective most recently published NAVS, published as of 3/31/2021 and 7/31/2021 respectively. While in some cases non-traded REIT investors can redeem their shares directly with the investment sponsor, such redemption opportunities may be limited to a percentage of shares held, and in some instances, such redemption programs can be altogether suspended by the sponsor. AAIIs A+ Investor Quality Grade comes from the ranking of key metrics. Contacting us, by itself, does not create an attorney-client relationship. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . File No. 0 : e.tabw; .ufaq-faq-body { Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. .site-header { border-top: 2px solid #163a64; 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 . 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); 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. Most people have been aware of this liquidity gap in real estate alts for a long time, and we view these third-party tender offer firms as step one in taking advantage of that illiquidity, says Sean Stephan, a partner at Cox Capital Partners. 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. The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. } display: none !important; } e.gw : [e.gw]; border-top: 3px solid #f98e11; Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext concurrently! Provide an updated 5-year outlook in Q1 2023 upon completion of Mergers with Two Net Lease and retail! 18, 2023 published NAVS, published as of the proposed transactions Lease REITs Managed by affiliates of Group! Trust Incs stock grades for value, growth and quality REITs is the potential for any distributions to. 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