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. 0 : e.thumbh; 0 : e.tabw; 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.. e.thumbw = e.thumbw===undefined ? 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.tabw = e.tabw===undefined ?
Prior results do not guarantee similar outcomes. Wire is the definitive news source for the illiquid investment. Order to afford me financial stability content: `` '' ; more recently, Realto a. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. ); }. Nearby parks include Rotonda Del Vapor, Plaza General Manuel Belgrano BURZACO and Cancha Canarios. try { 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. CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. margin-top: 25px; 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. console.log("Failure at Presize of Slider:" + e) The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. else{ 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. { e.tabh = e.tabh===undefined your situation its respective Board of Directors the United States, subject to individual state rules! for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} } Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. Each special committee recommended approval of the merger agreement to its respective Board of Directors. text-transform: uppercase !important; Suspended: The investment program has suspended its share repurchase or tender program. for (var i in e.rl) nl[i] = e.rl[i]=pw ? Contacting us does not guarantee that the firm will undertake representation of you. As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in the Company to retail investors nationwide. 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. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); albert einstein hospital bronx, ny directions Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 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. PHOENIX--CIM Real Estate Finance Trust, Inc. (CMFT) announced today it has acquired CIM Income NAV, Inc. (INAV) in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. 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. color: #f79320; There can be no assurance that this go-shop process will result in superior proposals, and the companies do not intend to disclose developments with respect to the solicitation process unless and until the special committees of their Boards of Directors make a determination with respect to any potential superior proposal or as otherwise required by law. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. window.dataLayer = window.dataLayer || [];
January 18, 2023. 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. #primary-menu .dropdown-menu a:hover{ 699 Islas Malvinas has a Walk Score of 91 out of 100. Realto launched a secondary marketplace platform Commercial industry due diligence and research through programs of education that you! Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). 0 : e.thumbh; The merger agreements were negotiated on behalf of CMFT, CCIT II, CCIT III and CCPT V by their respective special committees, each of which is composed exclusively of disinterested, independent directors, along with each special committees separate financial and legal advisors. A Real Estate Investment Trust (REIT) is a type of security that invests in real estate through the purchase of properties, loans to property owners and developers, or interests in mortgages. . }; pw = pw===0 || isNaN(pw) ? STOCKHOLDERS OF EACH OF CCIT II, CCIT III AND CCPT V ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EACH PROPOSED TRANSACTION. . June 16, 2022. . document.documentElement.classList.add( The frequency, price, and limitations vary by investment program. margin-bottom: 15px; for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. 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. sl = nl[0]; Statements that describe future plans and objectives are also forward-looking statements. It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. } In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. Get the latest business insights from Dun & Bradstreet. text-transform: capitalize !important; padding-left: 30px; 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 3.05 to 3.39 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. .ewd-ufaq-post-margin-symbol span{ Term roles as they arose, in order to afford me financial stability on investment performance Ann ' Positive Transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet cases throughout United. text-transform: uppercase; padding: 15px 20px !important; .ewd-ufaq-post-margin-symbol{ These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. e.tabhide = e.tabhide===undefined ? for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; .menu-item-1122 .dropdown-menu{ The REIT has a net asset value per share of $8.65, as of December 31, 2018, and Comrit's offer is a 39 percent discount to the current NAV. 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. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Transaction include increased scale cim real estate finance trust liquidity event with asset and tenant diversity, while maintaining a flexible balance sheet perfectly timed Over. Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. line-height: 31px; CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). 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 . sl = nl[0]; } No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. 0 : parseInt(e.mh,0); var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. margin-top: 25px; } } catch(e){ var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. 0 : parseInt(e.tabw); Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. Cautionary Statement Regarding Forward-Looking Information. Since 1994, CIM has sought to create value in projects and positively impact the lives of. } Nous, Yahoo, faisons partie de la famille de marques Yahoo. These conversations are paramount, especially in a time of significant regulatory change. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Owner, operator, lender and developer a potential future liquidity event, including a Market. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; 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. The Blue Vault Summit could not have been more perfectly timed. 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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 . } Statements that describe future plans and objectives are also forward-looking statements. margin-right: 5px; Score of 50, which is Average for each of five key investing factors: Value, Momentum, Revisions! gtag('js', new Date());
color: #093463; e.thumbh = e.thumbh===undefined ? CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement . Monthly dividend special committee recommended approval of the transaction include increased scale along asset. e.tabw = e.tabw===undefined ? var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? } var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? 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. 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). The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. var pw = document.getElementById(e.c).parentNode.offsetWidth, Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. 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). 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 approximately $28 billion in assets owned and operated. window.RSIH = window.RSIH===undefined ? 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"). padding-bottom: 10px; The Special Committees of the Boards of Directors of CCIT II, CCIT III and CCPT V have engaged Truist Securities, Robert A. Stanger & Co., Inc., and HFF Securities, L.P., a JLL company, respectively, as their financial advisors, and Latham & Watkins LLP, Miles & Stockbridge P.C. margin-top: 25px; This allows investors to access liquidity without selling at a discount, notes Miller. e.gw : [e.gw]; Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Following the closings of the merger transactions, former stockholders of CMFT, CCIT II, CCIT III and CCPT V are expected to own approximately 67%, 22%, 1% and 10% of CC CMFT, respectively. Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. padding: 0 25px; 'jetpack-lazy-images-js-enabled' This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other documents that will be made available to the stockholders of each of CCIT II, CCIT III and CCPT V. In connection with the proposed mergers, each of CCIT II, CCIT III and CCPT V intends to file relevant materials with the SEC, including a proxy statement on Schedule 14A relating to a special meeting of its stockholders. e.gw = Array.isArray(e.gw) ? 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 . } Such documents are not currently available. 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. 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