Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. CIM Real Estate Finance Trust, Inc. - 2021-Q4. We encourage investors to do their own due diligence and research through programs of education that teach you to invest for yourself. Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). 0 : parseInt(e.thumbh); CC CMFT equity value assumes a 10.6% premium paid in consideration on all INAV shares outstanding as of 7/31/2021. The distribution reinvestment plans of all four REITs will be suspended pending the closing of the proposed transactions. /*font-weight: bold;*/ 0 : e.thumbw; As of June 30, 2020, the pro forma limited near-term debt maturities and net leverage of the proposed combined company was approximately 39 percent, along with substantial cash on its balance sheet, according to the company. MONTRE function setREVStartSize(e){ 0 : parseInt(e.tabh); .site-header { The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . padding-left: 30px; The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. 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. } Year-over-year quarterly sales growth most recently was 21.3%. 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. 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. e.tabh = e.tabh===undefined ? Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. 812-14909. Get your free copy of our special In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. 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. font-size: 15px; CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets Contacts Shareholder Relations ShareholderRelations@cimgroup.com 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. INAV is a public, non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. #menu-item-1271 { When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. window.dataLayer = window.dataLayer || []; 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. Before you choose to buy, sell or hold Cim Real Estate Finance Trust Inc stock, youll want to analyze how it has been graded. sl; 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. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. padding: 15px 20px !important; PHOENIX, December 16, 2021-CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. } Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. .site-header { window.innerHeight : window.RSIH; I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. .ewd-ufaq-post-margin-symbol span { For a free consultation with a securities attorney, please call the offices at 888-637-5510. I am an experienced C-level Executive Assistant, with superior knowledge of international companies within many differing industries. The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong. Unfortunately, some investors in CIM Real Estate Finance Trust may have been induced into making an unsuitable investment in the Company, or otherwise misled into investing without being adequately advised as to the investments risk components. margin-left: 0; font-size: 18px; .ewd-ufaq-post-margin-symbol{ Alternative options to generate liquidity may include selling shares on a limited and fragmented secondary market, or responding to a tender offer such as Comrits recent Liquidation Opportunity, options which nearly always entail disadvantageous pricing for the investor. 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. In the same vein, the interest rate on savings accounts was . This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . Banking products and services are offered by referral arrangements . 2023 Informa USA, Inc., All rights reserved, Equity Investors Pull Back on the Industrial Sector as Return Expectations Dim, Sustainable Strategies for the Modern Investor, Believe It or Not, Its a Great Time To Be a Financial Advisor, Ares Strikes Deal for Office, Naming Rights at Los Angeles Tower, The 10 Best and 10 Worst States in Which to Retire in 2021, Im an Advisor. CIM Real Estate Finance Trust, Inc. However, you should decide whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold based on a combination of grades, metrics, ratios and U.S. Securities and Exchange Commission (SEC) reports. Duff & Phelps LLC, a third-party valuation firm, assisted with the process and estimated a $7.05 to $7.61 per share valuation range with a midpoint of $7.31 per share as of June 30, 2020. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. 2) There is no guarantee that a public market listing will take place within the expected time period or at all. .ewd-ufaq-faqs{ if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } }; 1) Based on CMFT and INAVs respective most recently published NAVS, published as of 3/31/2021 and 7/31/2021 respectively. 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. The firm works with clients, including financial advisors that have a book of business, and underwrites shares on fundamentals that include holdings, distribution and purchase programs, and the path to liquidity. As of January 17, 2023, Cim Real Estate Finance Trust Inc had a $0.9 million market capitalization, putting it in the 2nd percentile of companies in the REITs - Commercial industry. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. Four CIM REITs Plan to Merge to Create $5.9 Billion REIT, Click here to subscribe to our Daily News Updates, Capital Square Expands Executive Team with Two New Hires, Go Store It Buys Vacant Sams Club in South Carolina OZ for Self-Storage Conversion, 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. Its also important to note that these are not liquidity solutions that are being offered in a market that is no longer growing. } Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. 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. Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. padding-bottom: 10px; Since inception in 1978, the nonprofit CMFT and INAV have made a presentation available detailing the highlights of the proposed transaction atwww.cimgroup.com/announcements. You see some of these more mainstream institutions getting into the space, because of the opportunity set that exists, and you need to build it front to back, meaning you need to give investors liquidity options to make the market more efficient, says Stephan. e.thumbw = e.thumbhide>=pw ? @media (max-width: 359px) { The Company merged with Cole Office & Industrial REIT, Inc. and Cole Credit Property Trust V, Inc. in December 2020. else{ MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. .et_pb_text_inner h1{ PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M Number 8860726. Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transaction. Review the table below to see how Cim Real Estate Finance Trust Inc stock stands up against its competitors. Big names such as Blackstone and Starwood are attracting more capital, and JP Morgan recently completed a filing for its plan to launch a $5 billion nontraded REIT. Go Back. Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2021-Q4. newh; The pro forma combined company (CC CMFT) would have approximately $6.0 billion in total enterprise value, creating a leading commercial credit-focused real estate investment trust (REIT) with greater tenant, industry, and asset type diversity, financial strength, and improved access to capital markets. 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 andCo-Founderof CIM Group. 0 : parseInt(e.tabhide); Lastly, its important to evaluate a stock by comparing it against others in the same industry. CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. Cim Real Estate Finance Trust 's Dividends. Mini-tenders have been a thorn in the side of nontraded REIT sponsors, and they are also on the receiving end of backlash from other industry participants. console.log("Failure at Presize of Slider:" + e) sl = nl[0]; In connection with the proposed merger, INAV intends to file relevant materials with the SEC, including a proxy statement on Schedule 14A relating to a special meeting of its stockholders. . pw = pw===0 || isNaN(pw) ? I think almost everybody in the industry would agree that there is a need for liquidity options for investors. Web page addresses and e-mail addresses turn into links automatically. Whether or not you should buy Cim Real Estate Finance Trust Inc stock will ultimately depend on your individual goals, risk tolerance and allocation. PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M Ultimately, what we want to do is do away with these third-party tender offer firms that are really taking advantage and providing unfair values, says Stephan. 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. This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. According to documents recently filed with the U.S. Securities and Exchange Commission, Tel Aviv-based Comrit Investments 1, LP (Comrit) plans to launch a tender offer for up to 18.3 million shares of CIM at $5.01 per share, with the offer expiring on September 30, 2021 (unless extended). 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"). Digital Media Kit; . Comrits recent tender offer follows a previous offer made to CIM investors which closed in April 2021, at an offer price of $4.50 per share. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. } Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. color: #093463; This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions. Wealth Management is part of the Informa Connect Division of Informa PLC. The merger agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors. The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. newh = Math.max(e.mh,window.RSIH); 0 : parseInt(e.thumbw); The offer price is 56.3 percent less than the REIT's most recent net asset value per share of $7.20, as of March 31, 2021. The transactions are expected to close in the fourth quarter of 2020, pending stockholders approval. Cost Savings:CC CMFT is expected to realize $2.8 million of annualized general and administrative synergies on a run-rate basis with additional cash flow improvement of $2.5 million to INAV stockholders through the elimination of ongoing stockholder servicing fees. The Earnings Estimate Revisions Grade takes into account the magnitude of a companys earnings surprise in its last two reported fiscal quarters. border-top: 2px solid #163a64; Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. It's calculated as earnings divided by price. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. Just the opposite: The sector is seeing significant fundraising growth, adds Stephan. #primary-menu .dropdown-menu.show{ CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. window.RSIW : pw; Following a big year of fundraising last year, real estate alternative investment vehicles, such as nontraded REITs and business development companies (BDCs), have been posting more record inflows in 2022. border-top: 3px solid #f98e11; This information should not be relied upon or construed as legal advice. 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 separatestock-for-stock,tax-freemerger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. It is anticipated that five to seven directors will be recommended for election. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. CIM Real Estate Finance Trust has investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. The information contained on this website is provided solely for informational purposes and is considered attorney advertising. The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future. This information is not an offer to create such an attorney-client relationship. margin-bottom: 15px; CMFT is managed by affiliates of CIM. 0 : parseInt(e.mh,0); 0 : e.tabh; window.RSIH = window.RSIH===undefined ? } CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. . The merger transactions could also better position it for a future liquidity event, including a public listing. You can use the information about how Cim Real Estate Finance Trust Inc stock is graded to determine if you should invest in this specific company. PERE Global Passport membership allows decision-makers to . Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. The frequency, price, and limitations vary by investment program. 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. 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 INAV. #primary-menu .nav-link{ European investors currently have 10.8% of their investments in property, above target allocations of 10.5%, the INREV survey showed. In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. } 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. REITs are a way to invest in real estate without buying a property outright. 228 | Cell: 613-798-3804. What are trust services? 10/17/2022 CIM Real Estate Finance Trust, Inc. Increases Fourth Quarter Dividends by 11%; 12/20/2021 CIM Real Estate Finance Trust, Inc. to Sell Non-Core, Multi-Tenant Retail Properties for More Than $1.32 Billion; 12/16/2021 CIM Real Estate Finance Trust, Inc. Although the firm will present buyout offers for investors who reach out wanting liquidity, the majority of its business focuses on providing loans with the partnership shares as collateral. } Last year, the Company announced its intention to transition to a mortgage REIT. Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. margin: 0; Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. document.documentElement.classList.add( margin-bottom: 4px; overflow: hidden; These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a companys Growth Score to create an equal distribution of grades. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor. background-color: transparent; .menu-item-1122 .dropdown-menu{ } The merger is expected to produce meaningful benefits for stockholders of CMFT and INAV, including: Greater Scale & Relevance:With $6.0 billion and $3.2 billion1in enterprise value and equity value, respectively, CC CMFT will be one of the largest credit-focused REITs, increasing its relevance in the capital markets and reducing its cost of debt and equity capital. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . Except as required by law, none of CMFT, CCIT III or CCPT V undertakes 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. As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. STOCKHOLDERS OF INAV ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. CIM Real Estate Finance Trust is expected to realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers, the company said. display: none; A sharp drop in prices last year in other asset classes means . Cim Real Estate Finance Trust Inc does not currently pay a dividend. e.thumbh = e.thumbhide>=pw ? Some of the crowdfunding sites, such as Cadre, also have a secondary market for investors. 0 : e.rl[i]; In January 2012, the board made a number of changes with a view to improving future total returns, including rebasing the dividend to what was deemed a sustainable level and changing the benchmark . margin-top: 25px; } CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Most people have been aware of this liquidity gap in real estate alts for a long time, and we view these third-party tender offer firms as step one in taking advantage of that illiquidity, says Sean Stephan, a partner at Cox Capital Partners. e.gw : [e.gw]; Equity Sales Company, CIM Real Estate Finance Trust, Inc. 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(the "Initial Fund") is a newly organized Maryland corporation that will operate as a registered non-diversified, closed-end management investment company that provides periodic liquidity with respect to its shares ("Shares") pursuant to Rule 13e-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). color: #f98e11; } .dropdown-toggle::after{ CMFT holds investments in net lease and . 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 . CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. e.tabw = e.tabhide>=pw ? LOS ANGELES--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction. Cim Real Estate Finance Trust Inc (CMRF) Competitors. Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. Brian King at Realto Capital describes MacKenzie Capital and others as taking a vulture-like approach that takes advantage of unsuspecting retail investors by A) painting a worst-case scenario for shareholders; B) offering a low-ball price and C) giving them a very short window to act nowjust like a late-night infomercial. Another point of contention is that third-party tender firms are circumventing financial advisors and going right to shareholders, who may not be sophisticated real estate investors. 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. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . CMFT is managed by affiliates of CIM. } Lines and paragraphs break automatically. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. } de C.V.) (BIVA: MEXAMX), a leading financial technology company in .
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