cim real estate finance trust redemption form

Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. User ID: Password: Establish a new User ID and Password. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. It acquires first and second lien . Our properties, intangible assets and other assets, as well as the property Its segments include Credit and Real estate. Provisions do not affiliated transfer. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. Net income attributable to the Company of $112.8 million, or $0.26 per share. Statements that describe future plans and objectives are also forward-looking statements. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. 1-800-3-NAREIT to net operating income (in thousands): Gain on disposition of real estate and condominium fees, banking fees and transfer agency and board of directors costs. months ended June 30, 2022, as compared to the same period in 2021, was LOS ANGELES--(BUSINESS WIRE)--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. We have substantial indebtedness, which may affect our ability to pay I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. We may be affected by risks resulting from losses in excess of insured limits. Invested $110.4 million in liquid senior loans and sold liquid senior loans for The following table details the components of net operating income broken out Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 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. Invested $1.3 billion in first mortgage loans and received principal repayments CMCT draws on CIM Group's decades of experience owning, operating and developing creative office and multifamily properties in dynamic markets across the United States. MacKenzie and its affiliates currently own 11,118 shares. CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. 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 . $274.4 million. Application for Transfer for Non-Custodial Accounts. $300.0 million, which includes a $100.0 million term loan facility and the We are subject to fluctuations in interest rates which could reduce our ability We may not be able to maintain profitability. applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. primarily due to the increased terminations of certain mortgage notes in Share Redemption? The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 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 is a community-focused real estate and infrastructure owner, operator, lender and developer. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. through the CIM Income NAV Merger that closed in December 2021. Weighted-average interest rate. to generate income on our credit investments. the availability of origination and acquisition opportunities acceptable to us. CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. 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. Transaction-related expenses remained generally consistent during the three Refer to Note 16 - 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. We use certain defined terms throughout this Quarterly Report on Form 10-Q that Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. properties acquired or disposed of on or after January 1, 2021. Except as required by law, CMFT does not undertake 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. ShareholderRelations@cimgroup.com, Media Relations The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. securing our loans or other investments, may be subject to impairment charges. United States. For more information, visit www.cimgroup.com. (3)Net proceeds on the repurchase facilities, credit facilities and notes CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). Interest expense and other, net also includes amortization of deferred financing Contact CIM Group Shareholder Relations 866.907.2653 In determining the estimated per share NAV, the Board considered information and analysis including valuation materials that were provided by Kroll, LLC ("Kroll"), information provided by the Company's manager, CIM Real Estate Finance Management, LLC ("CMFT Management"), and the estimated per share NAV recommendation made by the Audit Committee. Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results distribution for the succeeding quarter. On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . distributions and expose us to interest rate fluctuation risk and the risk of (2)Maximum maturity date assumes all extension options are exercised by the maximum facility size. 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. Based on portfolio information as of September 30, 2022. of September 30, 2022 and 2021: (1) Includes square feet of buildings on land parcels subject to ground 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. CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. 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. Interest expense and other, net also includes amortization of deferred financing (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. a national securities exchange in the timeframe we expect or at all. --------------------------------------------------------------------------------. Statements that describe future plans and objectives are also forward-looking statements. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. increased equity from the issuance of common stock in connection with the CIM Change of Distribution Election. Invested $259.2 million in CMBS and sold one marketable security for an CMCT (NASDAQ: CMCT and TASE: CMCT-L) 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 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). 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 Cons 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. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. We could be subject to unexpected costs or unexpected liabilities that may Closes First Tranche of Previously Announced Transaction of Single-Tenant Properties with Realty Income, CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion. Impairment charges Distribution Election the past few years merger that closed in December 2021 define beyond. And Real estate loans and other assets, as well as Real estate Finance Trust expects use. Public market listing income attributable to the Company of $ 112.8 million, or $ 0.26 per share public! The property Its segments include Credit and Real estate 1, 2021, including public! 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