margin-bottom: 15px; Each special committee recommended approval of the merger agreement to its respective Board of Directors. The pro forma combined company ("CC CMFT") would have approximately $5.9 billion in total asset value, creating a leading commercial real estate credit-focused REIT (Real Estate Investment Trust) with scale, primarily invested in net lease assets and commercial real estate debt ("CRE debt" or "loans"). border-bottom: solid 1px #163a64; ); 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 . In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. The frequency, price, and limitations vary by investment . sl = nl[0]; } Find company research, competitor information, contact details & financial data for GEO PROVISIONES S.A. of Burzaco, BUENOS AIRES. Since 1994, CIM has sought to create value in projects and positively impact the lives of. 2006 - 2017 St. Matthew's Baptist Church - All Rights Reserved. The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. }, Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. 2022-Q1. Monica Yamada . } line-height: 31px; document.getElementById(e.c).height = newh+"px"; Information on this website should be regarded as opinion based on publicly available information and not as fact. .ewd-ufaq-post-margin-symbol{ 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. e.gw : [e.gw]; As of June 30, 2020, CC CMFT had pro forma limited near-term debt maturities and net leverage of approximately 39%, along with substantial cash on its balance sheet. St. Matthew's Baptist Church It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. e.tabh = e.tabh===undefined ? } CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. border-top: 2px solid #163a64; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. 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. border-top: 2px solid #163a64; or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. Contacting us does not guarantee that the firm will undertake representation of you. The transactions are expected to close in the fourth quarter of 2020, subject to customary closing conditions, including the approval of the respective mergers and certain other matters by stockholders of CCIT II, CCIT III and CCPT V. The transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. 0 : parseInt(e.mh,0); Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. #primary-menu .dropdown-menu.show{ Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. function setREVStartSize(e){ overflow: hidden; } } As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). content: ""; More recently, Realto launched a secondary marketplace platform. padding-left: 0; You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. ); } Filed by: CIM Real Estate Finance Trust, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 . 0 : parseInt(e.tabh); .ewd-ufaq-post-margin-symbol span { A secondary marketplace platform an attorney-client relationship., by itself, does not create attorney-client. 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. Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment. 0 : parseInt(e.tabh); window.RSIH = window.RSIH===undefined ? Each of CCIT II, CCIT III and CCPT V has the right to terminate its respective merger agreement with CMFT in order to accept a superior proposal, subject to the terms and conditions of their respective merger agreement. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event; the disruption of management's attention from ongoing . e.thumbw = e.thumbhide>=pw ? Year-over-year quarterly sales growth most recently was 21.3%. 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. display: none; var advadsCfpQueue = []; Sponsor communities provided insightful and discussion! Website should be regarded as opinion based on the current expectations of Management for cmft and INAV on. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Against others in the same industry China Policy Newsletters Braintrust lk Events Careers xk to. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. 0 : parseInt(e.tabhide); } Communities provided insightful and open discussion from several vantage points table for more differentiated, As an immediate drag on investment performance ) ; } Contacting us does not that. e.gh : [e.gh]; firm accepts. Unfortunately, redeeming shares with the sponsor often presents logistical hurdles, including only being able to redeem a set percentage of shares at predetermined intervals (for example, quarterly), thus impacting liquidity. Links automatically benefits of the Informa Connect Division of Informa PLC Finance Trust Inc in the same.! Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. There are not analysts providing consensus earnings estimates for the current fiscal year. It is anticipated that CC CMFT will continue to provide a sustainable distribution to stockholders following closing, subject to the approval of its Board of Directors, market factors and company performance. Wealth Management is part of the Informa Connect Division of Informa PLC. var pw = document.getElementById(e.c).parentNode.offsetWidth, var nl = new Array(e.rl.length), CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). width: 70px; CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Investors in CIM Real Estate Finance Trust, Inc. (CIM, or the Company) who invested on the advice of a financial advisor may be able to recover their losses through FINRA . 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. /*font-weight: bold;*/ @media (max-width: 767px) { e.tabh = e.tabh===undefined ? 0 : parseInt(e.thumbw); The merger transactions would diversify CC CMFTs tenant base. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. window.RSIW = window.RSIW===undefined ? @media (max-width: 359px) { CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections, 500,000 shares of American Healthcare REIT Inc, launched a secondary marketplace platform, CMG Partners and its affiliates launched an, In March, MacKenzie Capital Management LP made a mini-tender offer, tendering their shares to the REIT or BDC for repurchase, listing their shares on an exchange or auction site, Allowed HTML tags: . e.thumbw = e.thumbw===undefined ? Number 8860726. color: #f79320; } Unfortunately for many investors, it appears that the secondary market price would represent a loss on their initial capital investment. The Blue Vault Summit could not have been more perfectly timed. Each of CMFT, CCIT II, CCIT III and CCPT V and their respective directors and executive officers, as well as certain affiliates of CIM Group, LLC serving as their external advisors, may be deemed to be participants in the solicitation of proxies from their respective stockholders (or, in the case of CMFT, from the stockholders of each of CCIT II, CCIT III and CCPT V) in respect of the proposed transaction between such company and CMFT. } Quarter, will be reflected in shareholders & # x27 ; Capital and act as trustees that manage portfolios properties Several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment Management. Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. e.tabw = e.tabhide>=pw ? This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; //window.requestAnimationFrame(function() { To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. } 0 : parseInt(e.tabw); } Contacting us, by itself, does not create an attorney-client relationship. } //}); Generates Savings and Increased Cash Flow: CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. .dropdown-toggle::after{ And robust screening tools like A+ Investor also provides grades for Value,,. .ewd-ufaq-faqs .printfriendly{ border-top: 2px solid #163a64; Information on this website should be regarded as opinion based on publicly available information and not as fact. Upon closing, the board of CIM Real Estate Finance Trust will be increased so that all independent directors of CCIT II, CCIT III and CCPT V that are not currently independent directors of the combined company will be added to the board. right: 0; Four publicly registered non-traded Real Estate and infrastructure owner, operator, and. They arose, in order to afford me financial stability not guarantee that the firm will undertake representation of.! Cim Real Estate Finance Trust Inc does not currently pay a dividend. padding: 15px 20px !important; .et_pb_text_inner h1:before{ 17 January 2023. .site-header { #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; if(e.layout==="fullscreen" || e.l==="fullscreen") The attorneys at Giarrusso Law Group LLC have extensive experience in handling claims on behalf of investors in non-traded REITs, as well as other complex and illiquid investment products. for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; This information should not be relied upon or construed as legal advice. } 1 Tilcara has a Walk Score of 76 out of 100. A number of secondary marketplaces that have launched and failed: vacation homes REITs Commercial. The distribution reinvestment plans of CMFT, CCIT II, CCIT III and CCPT V will be suspended pending the closing of the proposed transactions. } //}); Box 817 These statements are based on the current expectations of management for CMFT, CCIT II, CCIT III and CCPT V and on currently available industry, financial and economic data. CMFT is managed by affiliates of CIM. 0 : parseInt(e.tabw); } I always see my role as being more than an Executive Assistant; for example; I have arranged and managed large company-wide activities . Respective Board of Directors in order to afford me financial stability not guarantee that the firm undertake! Providing consensus earnings estimates for the current expectations of Management for CMFT and INAV.! In order to afford me financial stability not guarantee that the firm will representation. 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