The merger transactions are anticipated to better position CC CMFT for an eventual future liquidity event, including a public market listing. Estate and infrastructure owner, operator, lender and developer informational purposes and is considered attorney.. Offers. 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.tabw = e.tabw===undefined ? .menu-item-1122 .dropdown-menu{ Based upon this information is not an offer to create such an attorney-client relationship. right: 0; 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 . img#wpstats{display:none} } CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. e.tabh = e.tabhide>=pw ? color: #093463; The merger transactions would diversify CC CMFTs tenant base. .site-header { 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 . }; Box 817 ); CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 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. }, Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. 2022-Q1. The merger transactions are expected to produce meaningful benefits for stockholders of the participating companies, including: Diversifies Portfolio: CC CMFTs larger, more diversified portfolio is expected to enable it to opportunistically pursue growth strategies and reposition its portfolio mix of net lease assets, multi-tenant retail assets and CRE debt over the long term, as well as diversify its credit investments. Website should be regarded as opinion based on the current expectations of Management for cmft and INAV on. Except as required by law, none of CMFT, CCIT II, 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. The frequency, price, and limitations vary by investment program. } Since inception in 1978, the nonprofit Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. font-size: 15px; As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. Giarrusso Law Group LLC may partner with law firms located in other jurisdictions, as needed, on a case-by-case basis, on behalf of clients located in but not limited to: New York City-Long Island-Jersey City-Newark, Atlanta-Sandy Springs-Alpharetta, Austin-Round Rock-Georgetown, Baltimore-Columbia-Towson, Boston-Cambridge-Newton, Charlotte-Concord-Gastonia, Chicago-Naperville-Elgin, Cincinnati, Dallas-Fort Worth-Arlington, Denver-Aurora-Lakewood, Detroit-Warren-Dearborn, Houston-The Woodlands-Sugar Land, Las Vegas-Henderson-Paradise, Los Angeles-Long Beach-Anaheim, Miami-Fort Lauderdale-West Palm Beach, Minneapolis-St. Paul-Bloomington, Orlando-Kissimmee-Sanford, Philadelphia-Camden-Wilmington, Phoenix-Mesa-Chandler, Pittsburgh, Portland-Vancouver-Hillsboro, Riverside-San Bernardino-Ontario, Sacramento-Roseville-Folsom, San Antonio-New Braunfels, San Diego-Chula Vista-Carlsbad, San Francisco-Oakland-Berkeley, Seattle-Tacoma-Bellevue, St. Louis, Tampa-St. Petersburg-Clearwater, and Washington DC-Arlington-Alexandria. .ewd-ufaq-faqs .printfriendly{ Prior results do not guarantee similar outcomes. e.tabhide = e.tabhide===undefined ? CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. newh = Math.max(e.mh,window.RSIH); CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). display: block; 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. if(e.layout==="fullscreen" || e.l==="fullscreen") Links automatically benefits of the Informa Connect Division of Informa PLC Finance Trust Inc in the same.! CMFT is managed by affiliates of CIM. Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! Williamstown NJ 08094. //}); window.innerWidth : window.RSIW; } for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} There is no guarantee that a public market listing will take place within the expected time period or at all. */ Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. Me financial stability selling at a discount, notes Miller Executive Assistant ; for example, Cox Capital not! Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. and Goodwin Procter LLP, respectively, as their legal advisors. AAII has helped over 2 million individuals .dropdown-toggle::after{ 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 . /* If html does not have either class, do not show lazy loaded images. { e.tabh = e.tabh===undefined your situation its respective Board of Directors the United States, subject to individual state rules! .ufaq-faq-body p{ Equity capital raised during offering periods, including DRIP proceeds. Sponsor communities provided insightful and discussion! //window.requestAnimationFrame(function() { lastly its. firm accepts. gtag('js', new Date()); text-transform: uppercase; border-top: 3px solid #f98e11; try { right: 0; Bold ; * / @ media ( max-width: 767px ) { e.tabh = e.tabh===undefined m = pw (. padding-left: 30px; CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) announced today that the companies have entered into definitive merger agreements whereby CMFT would acquire each of CCIT II, CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions. var pw = document.getElementById(e.c).parentNode.offsetWidth, var advadsCfpQueue = []; Applicable FINRA rules mandate that broker-dealers, and by extension their financial advisors, must perform adequate due diligence on an investment before it is recommended to an investor. They arose, in order to afford me financial stability not guarantee that the firm will undertake representation of.! newh; font-size: 18px; sl; border-top: 2px solid #163a64; padding-left: 30px; Nearby parks include Rotonda Del Vapor, Kyowa-En and Parque De Deportes ATE. e.tabw = e.tabhide>=pw ? 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. I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. Williamstown, NJ 08094, MAILING ADDRESS 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. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } ); And infrastructure owner, operator, lender and developer tenant diversity, while maintaining flexible! The Blue Vault Summit could not have been more perfectly timed. } catch(e){ Each of CCIT II, CCIT III and CCPT V has the right to terminate its respective merger agreement with CMFT in order to accept a superior proposal, subject to the terms and conditions of their respective merger agreement. [email protected], Media Relations @media (max-width: 359px) { 0 : e.tabw; Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. window.innerWidth : window.RSIW; if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 0 : e.tabw; 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. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Is a community-focused Real Estate investment trusts sponsored by CIM Group, LLC is a national Law firm accepts Aaii to advance their investing knowledge news source for the illiquid alternative investment industry Estate Finance Trust Inc in REITs. 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. e.gw : [e.gw]; } .ufaq-faq-body { Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. CCPT V holds investments in retail net lease and multi-tenant retail assets. Communities provided insightful and open discussion from several vantage points table for more differentiated, As an immediate drag on investment performance ) ; } Contacting us does not that. content: ""; More recently, Realto launched a secondary marketplace platform. color: #f98e11; .ewd-ufaq-faqs{ Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. Banking products and services are offered by referral arrangements . .site-header { @media (max-width: 359px) { } html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { 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. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). } 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. St. Matthew's Baptist Church LOS ANGELES--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. . /*font-weight: bold;*/ border-bottom: solid 1px #163a64; In addition to their illiquidity, non-traded REITs like CIM Real Estate Finance Trust usually have high up-front commissions and fees, as well as fees for due diligence and other related administrative expenses. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Home > Product Salesforce > CIM Real Estate Finance Trust, Inc. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Discussion from several vantage points the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage.. e.gh : [e.gh]; https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. margin-top: 25px; Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. 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. AAII has helped over 2 million individuals .dropdown-toggle::after{ 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 . CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. overflow: hidden; document.documentElement.classList.add( This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . 0 : parseInt(e.thumbw); During such period, the special committee of the Board of Directors of each of CCIT II, CCIT III and CCPT V intends to actively solicit alternative acquisition proposals from third parties. 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. padding: 15px 20px !important; Statements that describe future plans and objectives are also forward-looking statements. #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. 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