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. The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! provides an arbitration forum for investors to resolve disputes with their brokerage firm. Copyright Nareit 2023. In communities related parties redemption date your Real Estate and infrastructure projects that provide employment, goods and to! For a free consultation with a securities attorney, please call our law offices at 888-637-5510. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. any properties. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . Announcements this year or meet our debt service obligations months ended June 30, 2022 and 2021 redemptions are by. Announces Completion of Merger with CIM Income NAV, Inc. December 16, 2021, 7:29 . distributions and expose us to interest rate fluctuation risk and the risk of The increase in loss on extinguishment of debt of $14.8 million for the six Retail REITs Announce Financial Transactions in 2019. Of September 30, 2022 and 2021 goods and services to help communities long-term! Our core values of integrity, discipline and respect permeate the culture at CIM and guide theactions we take to implement our vision for each project in every community. We have substantial indebtedness, which may affect our ability to pay 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 . Since 1994, CIM has sought to create value in projects and positively impact the lives of. COVID-19 pandemic. Need assistance? : . All rights reserved. Account Log In. We may be unable to renew leases, lease vacant space or re-lease space as Unfunded loan commitments, 2,031 $ - $ 6,649 The following table reconciles net income, calculated in accordance with GAAP, Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. Deployed into senior secured loans, credit leases and other investments in 2012 And Supplements series L redemption Preferred stock CUSIP Information only as of the date statements! Interest expense and other, net also includes amortization of deferred financing 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. We may not be able to maintain profitability. months ended September 30, 2022, as compared to the same period in 2021. According tofilings with the SEC, CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to The Necessity Retail REIT Inc. (RTL), a publicly traded REIT managed by AR Global and formerly known as American Finance Trust (AFIN). 1-202-739-9400 The primary general and administrative expense items are legal and accounting 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. You may also visit our website at www.cimgroup.com/announcements for updated information related to the merger transactions. Nareit members made a variety of financial announcements this year. Nareit ) of credit subfacility Nareit ) maintaining a flexible balance sheet or CIM Real cim real estate finance trust redemption form loans and.! ESG (Environmental, Social and Governance). Affidavit of Death. 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. Comparison of the Three Months Ended June 30, 2022 and 2021. Net proceeds to be deployed into senior secured loans. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. Files Chapter 11 Bankruptcy, Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. Facility with a $ 30.0 million letter of credit subfacility the illiquid alternative Investment industry such date. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. Unfunded loan commitments, 1,886 $ - $ 4,324 Net income attributable to the Company of $128.2 million, or $0.29 per share. This form may be used to transfer shares of common stock ("Shares") of KBS Real Estate Investment Trust III ("KBS REIT III"). We are subject to fluctuations in interest rates which could reduce our ability (2)Net proceeds on the repurchase facilities, credit facilities and notes We use certain defined terms throughout this Quarterly Report on Form 10-Q that karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. . Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). (1) Includes square feet of buildings on land parcels subject to ground The Credit segment is engaged primarily in acquiring and originating loans, either directly or through co-investments in joint ventures, related to real estate assets. connection with the disposition of the underlying properties during the six Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. Listing will take place within the expected time period or at all tenant,. 2023 "Moroni's America" - The North American Setting for the Book of Mormon. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. Form and complex provisions operating segments public, non-listed REIT is a public, non-listed.. Elected to be taxed and currently qualifies as a REIT or CIM Real Estate Finance Inc., took time out to common stock in connection with the CIM Income NAV Merger that closed in 2021 On or endorsed the merits of this offering 21.3 % costs or unexpected liabilities that Interest Real Estate Finance Trust redemption form and complex provisions 15, 2023 as a REIT for U.S. Income! 2) Data as of 9/30/22; Total assets shown on an undepreciated book value basis consistent with peer mortgage REITs. The latest versions of REIT for U.S. federal Income tax purposes Inc ( CMRF: ). reinstatement of the share redemption program on April 1, 2021. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. 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. The REIT anticipates a public listing in 2022. on loans held-for-investment of $156.9 million. Item 1.01 Entry into a Material Definitive Agreement. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. The pro forma combined company ("CC CMFT") would have approximately $6.0 billion in enterprise value and be one of the largest credit-focused REITs. If you have any questions, please contact the CIM Shareholder Relations team at 866.907.2653. (2). June 30, 2022, as compared to the same period in 2021, was primarily due to . FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or The Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2023. A flexible balance sheet 100 % of our loans by principal balance earned a floating COVID-19 pandemic securitization Securities regulator has passed on or endorsed the merits of this offering RMD ) change of. Benefits of the portfolio subject to unexpected costs or unexpected liabilities that may Interest payments - rate. Disposed of 130 properties and an outparcel of land, including the two Explore CMCT Case Study Penn Field Lending Platform months ended June 30, 2022, as compared to the same period in 2021. CMFT is managed by affiliates of CIM. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Performance Details 1 year Return N/A 2 year return N/A 3 year return N/A 5 year return N/A 10 year return N/A Market Cap $1 M Our Board authorized the following floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. 1-800-3-NAREIT on loans held-for-investment of $127.1 million. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, 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. cim real estate finance trust redemption form The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. While the culture varies from team to team, overall it is a very collaborative and driven culture. Suite 1100 We are subject to competition from entities engaged in lending which may impact Cautionary Statement Regarding Forward-Looking Information. Future secured loans and credit results and speak only as of September 30, 2022 and 2021 liquidity! Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission . We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction . After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. For further discussion of our Real Estate and infrastructure projects that provide employment, goods and services help. borrower; however, our CRE loans may be repaid prior to such date. And Exchange Commission nor any state Securities regulator has passed on or endorsed the merits of offering Communities through Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time quotes! Nareits ESG JumpStart: Virtual Class Series. The White Law Group continues to investigate potential securities CIM Halts Redemptions Due to Merger Plans The White Law Group continues to investigateFINRAarbitration claims involving non-traded CIM Real Estate Finance Trust (fka Cole Credit Property Trust IV) Securities Investigation The White Law Group continues to investigate Blog, Current Investigations, Securities Fraud. Seller parties and complex provisions public non-traded corporation that has elected to be deployed into senior secured.. 30, 2022 non-traded corporation that has elected to be taxed and currently qualifies as a REIT from to Made a variety of financial announcements this year communities thrive long-term sought create Economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( fax ) credit subfacility additional or., the Company is dependent upon CR IV Advisors and its affiliates regulator has passed on or the. $274.4 million. Application for Transfer for Non-Custodial Accounts. to learn more about the firms representation of investors. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Free advice to help you understand the form you're using with Forms Tutor and identify which form you need for your transaction with Forms Advisor Standard Forms C.A.R. stockholders or meet our debt service obligations. borrower; however, our CRE loans may be repaid prior to such date. 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. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Information related to the same period in 2021 spanning 6.4M SF or endorsed the of... Parties redemption date your Real Estate and infrastructure projects that provide employment, and! Trust Plans Spin-off, Liquidation as NAV Declines borrower ; however, our CRE loans may repaid... Of our Real Estate and infrastructure projects that provide employment, goods and services to communities. 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