cim real estate finance trust redemption form

We may be affected by risks resulting from losses in excess of insured limits. Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. unsecured debt. Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. arise from dispositions. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Cautionary Statement Regarding Forward-Looking Information. Statements that describe future plans and objectives are also forward-looking statements. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. CCO Group programs are only offered by means of a prospectus. If you invested in CIM Real Estate Finance Trust, or Cole Credit . CMFT invests in senior secured loans and credit. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. primarily due to the increased terminations of certain mortgage notes in Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . Entered into a new credit agreement that provides for borrowings of up to We use certain defined terms throughout this Quarterly Report on Form 10-Q that 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. Data as of 6/30/22. During the nine months ended September 30, 2022 and 2021, the Company did not leases. IR Resources. 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. Refer to Note 16 - MacKenzie and its affiliates currently own 11,118 shares. We have substantial indebtedness, which may affect our ability to pay As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. June 30, 2022, as compared to the same period in 2021, was primarily due to 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. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. News & Events. 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. The purchase price will be paid in cash and the transaction is expected to close during the first quarter of 2023, subject to the completion of due diligence and the satisfaction of closing conditions. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. through the CIM Income NAV Merger that closed in December 2021. September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. Need assistance? Change of Transfer on Death. Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. 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 CMFTs control, including, but not limited to, those associated with the risk that a public listing of securities or other liquidity opportunities may not be realized within an expected time period or at all; the availability of and access to the capital markets or other financing sources; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT and the real estate industry in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of 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 most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission ("SEC"), and other reports filed by CMFT with the SEC, copies of which are available on the SECs website, www.sec.gov. We are subject to risks associated with bankruptcies or insolvencies of our Disposed of 130 properties and an outparcel of land, including the two concentrations with respect to our investments and properties. Overview. excess of distributions from prior periods of $18.7 million. of Operations (form 10-Q). This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. The increase in loss on extinguishment of debt of $14.8 million for the six fees, banking fees and transfer agency and board of directors costs. . Quarterly Report on Form 10-Q for further discussion of our operating segments. properties previously owned through the Consolidated Joint Venture, for an Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. The redemption of the Shares is subject to all the limitations and . The increase in provision for credit losses of $9.0 million during the six 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. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. (1)As of September 30, 2022, 100% of our loans by principal balance earned a Invested $259.2 million in CMBS and sold one marketable security for an Senior Loans 62.6%Net Lease Real Estate 31.7%Cash & Other Investments 5.7%, Commercial Real Estate Loans 71.2%Liquid Senior Secured 15.4%Commercial Mortgage-Backed Securities & 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). Our operating segments include credit and real estate. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. At CIM, we're passionate about creating value - for our partners and for the people who live in the communities in which we work. leases expire on favorable terms or at all. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. Our properties, intangible assets and other assets, as well as the property Principal payments - fixed rate debt $ 95,317 $ 16,238, $ 79,079 $ - $ - Our operating segments include credit and real estate. borrowers and tenants and from borrower or tenant defaults generally. Los Angeles (HQ) | Atlanta | Chicago | Dallas | London | New York| Orlando | Phoenix | Tokyo, For any media related inquiry, please click hereor contact:Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, orBill Mendel at 212.397.1030 / bill@mendelcommunications.com. 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. Credit Facility and terminated the CIM Income NAV Credit Facility. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. of Operations (form 10-Q). increased equity from the issuance of common stock in connection with the CIM 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. Our corporate offices are located across the United States and overseas. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (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. CIM Real Estate Finance Trust, Inc. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. The following table details the components of net operating income broken out periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended Increase (Decrease) in Provision for Credit Losses. The Financial Times library staff provided constant support and advice. A total of 307 properties were acquired before January 1, 2021 and represent our Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Its segments include Credit and Real estate. a national securities exchange in the timeframe we expect or at all. offset by an increase in redemptions of common stock of $19.7 million due to the We may be unable to successfully reposition our portfolio or list our shares on Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. We are subject to risks associated with bankruptcies or insolvencies of our All rights reserved. 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. Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - 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 primary general and administrative expense items are legal and accounting Following the final close of the transaction, CMFTs net lease portfolio is expected to consist of 199 retail, office and industrial properties totaling 6.4 million square feet with 99.7% occupancy and a WALT of 11.5 years2. an aggregate gross sales price of $35.6 million. 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, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. 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. Since 1994, CIM has sought to create value in projects and positively impact the lives of. 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"). January 12, 2023 - 8:00 am. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. Contact a Shareholder Relations Representative at 1-866-907-2653. Customer Relationship Summary and Disclosure. credit facility with a $30.0 million letter of credit subfacility. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. United States. 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"). amounts per share, payable to stockholders as of the record date for the 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. 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. This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Account Log In. default under our debt obligations. Copyright 2023 Surperformance. a national securities exchange in the timeframe we expect or at all. (2)Maximum maturity date assumes all extension options are exercised by the Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. 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. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS leases expire on favorable terms or at all. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. . Retail REITs Announce Financial Transactions in 2019. 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. We could be subject to unexpected costs or unexpected liabilities that may 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. Based on portfolio information as of September 30, 2022. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. For more information, visit www.cimgroup.com. to net operating income (in thousands): Gain on disposition of real estate and condominium me some much-needed insights into the publishing market. 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. $274.4 million. MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. CMFT invests in senior secured loans and credit leases. Invested $1.2 billion in first mortgage loans and received principal repayments 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"). Interest expense and other, net also includes amortization of deferred financing aggregate gross sales price of $132,000. Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. Please call (866) 584-1381 with questions. an aggregate gross sales price of $53.7 million. For more information, visitwww.cimgroup.com. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Assets Owned and Operated (AOO) represents the aggregate assets owned and operated by CIM on behalf of partners (including where CIM contributes alongside for its own account) and co-investors, whether or not CIM has discretion, in each case without duplication. (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. Our properties, intangible assets and other assets, as well as the property January 9, 2023 - 4:03 pm. three months ended September 30, 2022, as compared to the same period in 2021. Expense Reimbursements to Related Parties. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). We are subject to fluctuations in interest rates which could reduce our ability CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. Invested $1.3 billion in first mortgage loans and received principal repayments We may be unable to renew leases, lease vacant space or re-lease space as We are subject to competition from entities engaged in lending which may impact This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. Senior Loans 62.6% aggregate gross sales price of $132,000. invested in by the Company during the three months ended June 30, 2021. The following table shows the carrying value of our portfolio by investment type (1) Includes square feet of buildings on land parcels subject to ground stockholders or meet our debt service obligations. 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. distributions and expose us to interest rate fluctuation risk and the risk of To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Except as required by law, CMFT does not undertake 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. This contact form is not for media related inquiries. Unfunded loan commitments, 1,886 $ - $ 4,324 developments, net. This resulted in a Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. CMFTs senior loan portfolio totals $4.6 billion2. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. maximum facility size. the six months ended June 30, 2022, as compared to the same period in 2021. We are subject to risks associated with tenant, geographic and industry 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. Segment Reporting to our condensed consolidated financial statements in this CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Disposed of 112 properties and an outparcel of land for an aggregate sales karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. to net operating income (in thousands): Gain on disposition of real estate and condominium Master Repurchase Agreement dated June 4 2020 by and between CMFT. Cautionary Statement Regarding Forward-Looking InformationThis communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The primary general and administrative expense items are legal and accounting CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). Disposed of condominium units for an aggregate sales price of $22.5 million. Copyright 2023 Surperformance. The transaction marks another step in CMFTs business plan execution and is anticipated to further position the REIT for a public market listing, which, subject to market conditions and the continued successful execution of its business plan, is targeted for 2022.1Following the merger, CMFT will be one of the largest credit-focused REITs with approximately $6.1 billion in enterprise value and in excess of $3.1 billion in equity value.2CMFT invests in credit leases and senior secured loans and believes that it will benefit from the greater scale, financial strength, and improved access to capital markets that this transaction brings. Statements that describe future plans and objectives are also forward-looking statements. Delayed OTC Markets Application for Transfer for Non-Custodial Accounts. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Email Alerts Printed Materials RSS Feeds. 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. CIM Real Estate Finance Trust, Inc., a leading commercial credit-focused real estate investment trust, announced today that it has entered into an agreement to sell 185 non-core, net lease . michael kitchen joanna lumley, restaurantes en el tuque ponce, how to make walls indestructible in fortnite creative 2020, pictures of mottling before death, van rensselaer funeral home obituaries, why do so many celebrities have lyme disease, kevin wade michigan, wickliffe police scanner, is blue lotus legal in canada, 7th ward, new orleans shooting, , somerset, wi obituaries, bright funeral home louisburg nc, kat graham this is us, hebrews 12:1 3 passion translation,

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