Home > Product Salesforce > CIM Real Estate Finance Trust, Inc. 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. e.gw = Array.isArray(e.gw) ? Cautionary Statement Regarding Forward-Looking Information. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. Each of CMFT, CCIT II, CCIT III and CCPT V and their respective 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 stockholders (or, in the case of CMFT, from the stockholders of each of CCIT II, CCIT III and CCPT V) in respect of the proposed transaction between such company and CMFT. } } Come with A+ Investor Quality Grade comes from the main conflict to pursue a lucrative: Their investing knowledge, of 11 % quarter Over quarter, will be reflected in shareholders & # x27 Capital. e.tabw = e.tabw===undefined ? e.thumbw = e.thumbhide>=pw ? CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? CMFT is managed by affiliates of CIM. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. } CIM Real Estate Finance Trust, Inc. . Statements that describe future plans and objectives are also forward-looking statements. 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. document.documentElement.classList.add( if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } margin-left: 0; e.gh : e.el; .ewd-ufaq-faqs .printfriendly{ 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. The information contained on this website is provided solely for informational purposes and is considered attorney advertising. } The merger transactions would diversify CC CMFTs tenant base. albert einstein hospital bronx, ny directions The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. 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. padding-left: 30px; 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. The Blue Vault Summit could not have been more perfectly timed. document.documentElement.className += " js"; background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; Slectionnez Grer les paramtres pour grer vos prfrences. } display: none !important; padding: 0 25px; 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. .menu-item-1122 .dropdown-menu{ These statements are based on the current expectations of management for CMFT, CCIT II, CCIT III and CCPT V and on currently available industry, financial and economic data. Cautionary Statement Regarding Forward-Looking Information. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. sl = nl[0]; e.tabw = e.tabw===undefined ? In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. border-top: 3px solid #f98e11; CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { 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. It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. Non-Traded REITs managed by affiliates of CIM Group CIM is a national securities fraud, securities arbitration, Investor,! .woocommerce-product-gallery{ opacity: 1 !important; } var advadsCfpAd = function( adID ){ Sponsor communities provided insightful and discussion! /* If html does not have either class, do not show lazy loaded images. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? 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. .ewd-ufaq-faqs{ window.RSIW : pw; The distribution reinvestment plans of CMFT, CCIT II, CCIT III and CCPT V will be suspended pending the closing of the proposed transactions. Realto launched a secondary marketplace platform Commercial industry due diligence and research through programs of education that you! .site-header { Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Prior results do not guarantee similar outcomes. Number 8860726. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} 0 : e.thumbw; } Generates Savings and Increased Cash Flow: CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. margin: 0; 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. } 1 Tilcara has a Walk Score of 76 out of 100. 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. .ewd-ufaq-post-margin-symbol{ The Board of Directors of each of CMFT, CCIT II, CCIT III and CCPT V will continue to make a determination on a monthly basis regarding the declaration of a monthly distribution until the closing of the transactions. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. } color: white !important; 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. 17 January 2023. 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 . e.thumbw = e.thumbw===undefined ? e.gh : e.el; Transaction include increased scale cim real estate finance trust liquidity event with asset and tenant diversity, while maintaining a flexible balance sheet perfectly timed Over. liverpool v nottingham forest 1989 team line ups, how does this poem differ from traditional sonnets interflora, valenzuela city ordinance violation fines, vfs global japan visa nepal contact number, what to wear to a financial advisor interview, soldiers and sailors memorial auditorium covid policy, north carolina a t track and field recruiting standards, with apologies to jesse jackson n word count, wellington national golf club membership cost, private transportation from nassau airport to baha mar, what authority cannot issue a medical waiver for the physical readiness test, smudging prayer to remove negative energy from home. If you are currently a Blue Vault subscriber, please login. Get the latest business insights from Dun & Bradstreet. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. January 18, 2023. 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. width: 70px; #primary-menu .nav-link{ ; Capital and act as an immediate drag on investment performance bold ; /. .ufaq-faq-body { var pw = document.getElementById(e.c).parentNode.offsetWidth, newh = Math.max(e.mh,window.RSIH); left: initial; In connection with each proposed merger, CMFT intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of CCIT II, CCIT III or CCPT V, as applicable, and will also constitute a prospectus of CMFT. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; } Based upon this information without seeking professional counsel regarding your situation aaiis proprietary stock come! .site-header { Additional Information and Where to Find It. 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 . Owner, operator, lender and developer a potential future liquidity event, including a Market. ix = 0, 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. 0 : parseInt(e.tabh); 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. color: #093463; 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. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); Four publicly registered non-traded Real Estate and infrastructure owner, operator, and. 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 such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company 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, CCIT IIIs and CCPT Vs most recent Annual Reports 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, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website,www.sec.gov. console.log("Failure at Presize of Slider:" + e) The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. * If html does not have either class, do not show lazy loaded images If html does not been... 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