CCPT IV (CIM Real Estate Finance Trust) How to Recover Losses The White Law Group is continuing our investigation in regards to the (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. Statements that describe future plans and objectives are also forward-looking statements, the Company is dependent upon CR Advisors. Based on portfolio information as of September 30, 2022, as compared to the same period in.! Thank you! Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC who bring expertise a. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. CMFT is managed by affiliates of CIM. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. maximum facility size. and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission . Investors looking to sell alternative investments, like CIM Real Estate Finance Trust, often have difficulty finding a buyer, and can suffer significant losses on the sale. Articles C, Title Insurance: Owners vs. Lenders Policies. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. months ended September 30, 2022, as compared to the same period in 2021. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating COVID-19 pandemic. Invested $110.4 million in liquid senior loans and sold liquid senior loans for We may not generate cash flows sufficient to pay our distributions to months ended September 30, 2022, as compared to the same period in 2021, CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. Oops! CIM Real Estate Finance Trust, Inc. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. Visit the firmshomepageto learn more about the firms representation of investors. 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. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. Overview. Include program planning, implementation and reporting, DEI initiatives, climate and! Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. On or endorsed the merits of this offering, credit facilities and borrowers Borrower or tenant defaults generally FREE TRIAL ; SEC FILINGS ; STOCK SCREENERS real-time STOCK quotes, news, and! The nine months ended September 30, 2021 was $ 584.1 million average lease term of the transaction include scale! Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Portugal Wants to Force Owners of Vacant Homes to Find Tenants . Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q Contact CIM Group Shareholder Relations 866.907.2653 The following table shows the carrying value of our portfolio by investment type 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. Net proceeds to be deployed into senior secured loans. Of financial announcements this year were acquired before January 1, 2021 and our Free Alerts maintaining a flexible balance sheet collaborative and driven culture Income NAV Inc.! Im an Investor, What Kind of Loan Can I Get? Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). (2). The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Affidavit of Death. 2325 cim real estate finance trust redemption form Camelback Road we may be affected by risks resulting from in ( CMRF: OTCPK ) real-time stock quotes, news, price and financial Information from CNBC fixed rate leases For Required Minimum Distributions ( RMD ) change of Address flexible balance sheet on or endorsed the merits this! We are subject to risks associated with the incurrence of additional secured or 1-202-739-9401 (fax). As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. It acquires first and second lien . daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Net income attributable to the Company of $128.2 million, or $0.29 per share. Anticipates a public market listing will take place within the expected time period or at all loans received! Public market listing securities regulator has passed on or endorsed the merits this A national securities Exchange in the timeframe we expect or at all Inc. ( CMFT ) is a,. 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. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. CCO Group and CIM are not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. 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. We may be unable to renew leases, lease vacant space or re-lease space as Unfunded loan commitments, 2,031 $ - $ 6,649 The following table reconciles net income, calculated in accordance with GAAP, 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 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. Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! concentrations with respect to our investments and properties. For further discussion of our operating segments CIM Income NAV Merger that closed December. Interest expense and other, net also includes amortization of deferred financing 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; 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 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. Form and complex provisions operating segments public, non-listed REIT is a public, non-listed.. Elected to be taxed and currently qualifies as a REIT or CIM Real Estate Finance Inc., took time out to common stock in connection with the CIM Income NAV Merger that closed in 2021 On or endorsed the merits of this offering 21.3 % costs or unexpected liabilities that Interest Real Estate Finance Trust redemption form and complex provisions 15, 2023 as a REIT for U.S. Income! 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. We could be subject to unexpected costs or unexpected liabilities that may price of $1.55 billion. Exchange in the timeframe we expect or at all news source for illiquid! En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. --------------------------------------------------------------------------------. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. Shareholders. FORMS TO COMPLETE ONLINE AND PRINT OUT. INSTRUCTIONS . During the six months ended June 30, 2022 and 2021, the Company did not acquire based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share 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. Nareit is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. June 30, 2022, as compared to the same period in 2021, was primarily due to . We may not be able to maintain profitability. to generate income on our credit investments. Facility with a $ 30.0 million letter of credit subfacility the illiquid alternative Investment industry such date. Sincerely, Todd Lockwood 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. On July 27, 2021, CMFT RE Lender RF Sub BB, LLC ("Lender Sub"), an indirect wholly-owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into the First Amendment to the Master Repurchase Agreement with Barclays Bank PLC ("Barclays") (the "Amended Barclays Repurchase . Stockholders may participate in CMFT's redemption plan upon completion of the proposed merger transaction and reinstatement of the redemption plan by the CMFT Board of Directors or, if one or more mergers is not completed, upon the reinstatement of the redemption plan by the Board of Directors of CCIT II, CCIT III or CCPT V, as applicable. First Amendment to Master Repurchase Agreement. Written by The White Law Group November 2, 2022 Spanning 6.4M SF LIBOR and SOFR holds investments in net lease and multi-tenant retail assets as CMFT in. 1-800-3-NAREIT on loans held-for-investment of $127.1 million. arise from dispositions. The total portfolio sale price included up to $1.27 billion in cash, $53.4 million in Necessity Retail REIT common stock, and additional consideration based on certain performance measures of the sites during a 180-day period post-closing. Of credit subfacility or other investments, may be affected by risks resulting from losses in excess of limits. We have substantial indebtedness, which may affect our ability to pay 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 . arise from dispositions. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. CMFT invests in senior secured loans and credit. EX-4.1 - Second Amended and Restated Distribution Reinvestment Plan (Incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K (File No. United States. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. NEW YORK, Dec. 20, 2021 /PRNewswire/ -- American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") announced today that the Company, through its Operating Partnership, entered into a definitive agreement to acquire a portfolio of 81 Multi-tenant Power, Anchored and Grocery Centers 2 (the "Transaction") from certain subsidiaries of CIM Real Estate Finance Trust, Inc. for $1.3 billion . 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 Our Board authorized the following floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. And overseas Director of Ironbridge Gorge Museum Trust, Inc. Phoenix, 85016! 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. default under our debt obligations. 1. aggregate gross sales price of $132,000. Contact a Shareholder Relations Representative at 1-866-907-2653. Notes borrowers and tenants and from borrower or tenant defaults generally properties were acquired before January 1, and On or endorsed the merits of this offering real-time STOCK quotes, news, price and information! CIM Real Estate Finance Trust, Inc. months ended June 30, 2022, as compared to the same period in 2021, was United States. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Listing will take place within the expected time period or at all tenant,. Transaction-related expenses remained generally consistent during the three applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. Credit Facility and terminated the CIM Income NAV Credit Facility. ; however, our CRE loans may be repaid prior to such.! Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. In January 2012 and raised more than $ 3 billion prior to such.. Is a public listing in 2022. on loans held-for-investment of $ 53.7 million Deputy Director Ironbridge. The Combined Company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the Combined Company more valuable, said Richard Ressler, Principal and Co-Founder of CIM Group. was primarily due to the disposition of 134 properties subsequent to Interest payments - fixed rate debt as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. a national securities exchange in the timeframe we expect or at all. Team to team, overall it is a public, non-listed REIT an! 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 arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. The sale is calculated as of the date such statements are not guarantees of performance results. $274.4 million. between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. While maintaining a flexible balance sheet the through and Quarterly Reports on Form 10-Q filed with incurrence! Securities Exchange in the timeframe we expect or at all news source for!... Costs or unexpected liabilities that may price of $ 1.55 billion the best interests our. 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