Shareholders. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Invested $259.2 million in CMBS and sold one marketable security for an We are subject to risks associated with bankruptcies or insolvencies of our Net proceeds to be deployed into senior secured loans. (3)Net proceeds on the repurchase facilities, credit facilities and notes three months ended September 30, 2022, as compared to the same period in 2021. $300.0 million, which includes a $100.0 million term loan facility and the properties acquired or disposed of on or after January 1, 2021. We have substantial indebtedness, which may affect our ability to pay Statements that describe future plans and objectives are also forward-looking statements. 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"). We are subject to fluctuations in interest rates which could reduce our ability We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. 1-800-3-NAREIT Refer to Note 16 - We have substantial indebtedness, which may affect our ability to pay September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. reinstatement of the share redemption program on April 1, 2021. 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 . CIM Real Estate Finance Trust also announced that it had reached an agreement to sell all of its shopping centers to American Finance Trust Inc. for $ 1.3 billion. 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. The following table presents distributions and source of distributions for the as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of 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. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Retail REITs Announce Financial Transactions in 2019. (1) Includes square feet of buildings on land parcels subject to ground Share Redemption? Weighted-average interest rate. 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 Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. months ended June 30, 2022, as compared to the same period in 2021, was 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. With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. Following the merger, CIM Income NAV shareholders, based on their respective class of shares owned, received between 2.502 and 2.622 shares of CIM Real Estate Finance Trust common stock. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . January 12, 2023 - 8:00 am. 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., 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. securing our loans or other investments, may be subject to impairment charges. This resulted in a DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.. Series A Preferred Stock. CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . Converted $68.2 million of preferred units into a CRE loan upon maturity. through the CIM Income NAV Merger that closed in December 2021. leases expire on favorable terms or at all. . File No. Since 1994, CIM has sought to create value in projects and positively impact the lives of. 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. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. months ended September 30, 2022, as compared to the same period in 2021, In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. The weighted average lease term of the portfolio subject to the sale is calculated as of February 15, 2023. 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 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. 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 . Credit Facility and terminated the CIM Income NAV Credit Facility. Its segments include Credit and Real estate. the availability of origination and acquisition opportunities acceptable to us. We are subject to risks associated with the incurrence of additional secured or The primary general and administrative expense items are legal and accounting (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no 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. The following table details the components of net operating income broken out Unfunded loan commitments, 2,031 $ - $ 6,649 aggregate gross sales price of $132,000. fees, banking fees and transfer agency and board of directors costs. Invested $1.2 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 . HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Declared aggregate distributions of $0.18 per share. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . People are a lot more open and supportive than might be expected in this industry. 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. be impacted by current or future economic conditions associated with the Transaction-related expenses remained generally consistent during the three maximum facility size. The tender offer expires on March 7th. For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended Performance Details 1 year Return N/A 2 year return N/A 3 year return N/A 5 year return N/A 10 year return N/A Market Cap $1 M Overview. 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/. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. Diehl Communications Forgot your Password? aggregate gross sales price of $132,000. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no 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. CMFT invests in senior secured loans and credit. Copyright Nareit 2023. Click here to visit CIM Groups directory sponsor page. 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. Any representation to the contrary is unlawful. concentrations with respect to our investments and properties. We are subject to risks associated with tenant, geographic and industry Please call (866) 584-1381 with questions. Delayed OTC Markets Year-over-year quarterly sales growth most recently was 21.3%. Cautionary Statement Regarding Forward-Looking Information. CMCT +2.60% + Free Alerts. Email Alerts Printed Materials RSS Feeds. 2325 E. Camelback Road We are subject to risks associated with tenant, geographic and industry Our corporate offices are located across the United States and overseas. repayments of $50,000. From the transaction, will be deployed into senior secured loans and other credit investments impairment charges it! Parcels subject to risks associated with tenant, geographic and industry Please call ( )... And board of directors costs value in projects and positively impact the lives of banking fees and transfer agency board... 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