The Company merged with Cole Office & Industrial REIT, Inc. and Cole Credit Property Trust V, Inc. in December 2020. Access global real estate's most influential events and network. 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. report analyzing the tech stocks AAII can help you figure these out and identify which investments align with what works best for you. 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. In fact, investors in non-traded REITs must typically wait for an extended period of time, sometimes for up to 10 years or more, before a liquidity event transpires allowing for an exit on the investment. Alternative Liquidity Index LP has announced an offer to purchase up to 2,002,000 Contingent Value Rights (the "CVRs") of Jade Power Trust (the "Issuer"), at a price of $0.2 (2 cents) in US . Information regarding the directors, executive officers and external advisors of INAV and CMFT is contained in the Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC by each entity on March 31, 2021, as amended by INAV on April 19, 2021 and as amended by CMFT on April 27, 2021. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. By Zach Banning } .site-header { The pro forma combined . Summit 2023; Alts Week 2022 Presentations & Panel Discussions; BV Webinars; BV Past Webinars; Industry Events; Podcasts; Resources. 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. var advadsCfpAd = function( adID ){ Definition of REITs. Go Back. Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. 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. padding-bottom: 10px; VANCOUVER, British Columbia, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce its fourth quarter and full-year 2022 production results and provide 2023 production, cost and capital expenditure guidance. 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. .site-header { var advadsCfpQueue = []; Cim Real Estate Finance Trust Inc (CMRF) Competitors. .ewd-ufaq-post-margin-symbol{ color: #f98e11; The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; 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 . Digital Media Kit; . margin-top: 25px; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. }, Home > News Article > CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. CIM Real Estate Finance Trust, Inc. About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. } var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? This information should not be relied upon or construed as legal advice. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; The transactions are expected to close in the fourth quarter of 2020, pending stockholders approval. President at Queens' College, Cambridge 5d Report this post sl; 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. Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. Additional Information and Where to Find It. However, there was usually a big disconnect in pricing, what QuickLiquidity wanted to pay versus what the shareholder was willing to accept, notes Miller. } Both CMFT and INAV and their 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 shareholders (or, in the case of CMFT, from the stockholders of INAV) in respect of the proposed merger between INAV and CMFT. 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. function gtag(){dataLayer.push(arguments);}
If you have suffered losses in CCPT IV (CIM Real Estate Finance Trust), the securities attorneys at the White Law Group may be able to help you. Lines and paragraphs break automatically. 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. Information on this website should be regarded as opinion based on publicly available information and not as fact. text-transform: uppercase; background-size: 360px auto; The tender offer expires on March 7th. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8billion in total asset value and a net asset value (NAV) of $2.6billion, based upon the companies respective June30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. build their investment wealth through I am an experienced C-level Executive Assistant, with superior knowledge of international companies within many differing industries. .site-header { Theme Real Estate. padding: 15px 20px !important; The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 0 : parseInt(e.tabhide); For a free consultation with a securities attorney, please call the offices at 888-637-5510. 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. NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE:ARI), today announced the Company will hold a conference call to . More recently, Realto launched a secondary marketplace platform. }; most likely to outperform the .et_pb_text_inner h1{ 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. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. 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. 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. 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. . xh . margin-left: 0; 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. To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. 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, Inc. . Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. /*font-weight: bold;*/ html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { 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 . NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (), today announced the Company will hold a conference call to review its fourth quarter and full year 2022 financial results on Thursday, February 9, 2023 at 10:00 a.m. Eastern Time.The Company's fourth quarter and full year 2022 financial results will be released after . MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. #primary-menu .dropdown-menu.show{ Market-leading rankings and editorial commentary - see the top law firms & lawyers for Financial services regulation in United States Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. The information contained on this website is provided solely for informational purposes and is considered attorney advertising. Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. 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. Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. The Blue Vault Summit could not have been more perfectly timed. software and grassroots meetings. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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. For immediate release. In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. Contacting us does not guarantee that the firm will undertake representation of you. OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . Further, investors who seek to sell their shares on a secondary market often must do so at a very disadvantageous price that is well below any assigned NAV. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. The American Association of Individual Investors is an independent, nonprofit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research. ix = 0, Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Cim Real Estate Finance Trust Inc (CCPT) Dividend yield, percetage of earnings per share payed out as dividend by quarter - CSIMarket. 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: . 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 3.05c to 3.39c . de C.V. (the "Company") (f/k/a Mexarrend, S.A.P.I. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or . Investors who wish to discuss a possible claim may contact us at (201) 771-1115 or info@gialawgroup.com for a no-cost, confidential consultation. CIM Real Estate Finance Trust, Inc. Willkie Farr & Gallagher LLP 600 TRAVIS STREET, SUITE 2310 HOUSTON, TX 77002 United States } What are trust services? 228 | Cell: 613-798-3804. CIM Real Estate Finance Trust, Inc. - 2021-Q4. 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 . if(e.layout==="fullscreen" || e.l==="fullscreen") newh = Math.max(e.mh,window.RSIH); Year-over-year quarterly sales growth most recently was 21.3%. .ewd-ufaq-post-margin-symbol span{ The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCITIII and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December17, 2020. color: white !important; This information should not be relied upon or construed as legal advice. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. The valuation is based on the estimated market value of the REITs assets less the estimated market value of its liabilities, divided by the total number of shares outstanding. Here, the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche: vacation homes. 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). PHOENIX, December 16, 2021--CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction Such documents are not currently available. padding-left: 30px; In order to compute the Growth Score and assign it a letter grade, the percentile ranks for each of the three individual components‐consistency of annual sales growth, five‐year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. 0 : e.tabh; sl = nl[0]; 3) Premium is approximate, based on the average exchange ratio. Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. e.thumbw = e.thumbhide>=pw ? INAVis managed by affiliates of CIM. } }; Each of the Cole Office & Industrial REITs hold investments in office and industrial net lease assets. These offer intuitive AF grades for each of five key investing factors: value, growth, momentum, earnings revisions and quality. .ewd-ufaq-faqs{ So, if youre still on the fence about whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold, you can utilize our expansive and robust screening tools like A+ Investor to help make your decision. CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. By joining Japan Korea Week you will also have 12 months' exclusive access to all of PERE's leading events, networking focused meetings, latest market insights, and an expansive directory of managers and investors. 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"). 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.