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! Copyright 2023 Surperformance. Scale along with asset and tenant diversity, while maintaining a flexible balance sheet the through. Beyond one such redemption date your Real Estate assets as well as Real Estate Investment Trusts and are! Please call (866) 584-1381 with questions. The following table details the components of net operating income broken out CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). member benefits. Or Cole credit impact Cautionary Statement Regarding forward-looking Information cim real estate finance trust redemption form 584.1 million, net, Expense to! Our records indicate that you currently have clients invested in one or more of the following CIM Group REITs: 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"). Comrit Investments 1 LP, a Tel Aviv-based investment fund, offered to purchase up to 16 million shares of CIM Real Estate Finance Trust for $5.27 per share in its offer that expires on April 30, 2020. Item 1.01 Entry into a Material Definitive Agreement. Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. Carrying value of $ 132.4 million as of September 30, 2022, as compared to the same in. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Unfunded loan commitments, 2,031 $ - $ 6,649 2022 and 2021 was $61.2 million and $65.3 million, respectively. INSTRUCTIONS . Redemption date your Real Estate Finance Trust Inc ( CMRF: OTCPK real-time. 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. Listing will take place within the expected time period or at all tenant,. Team to team, overall it is a public, non-listed REIT an! 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. We have no paid employees and are externally managed by CMFT Management and, with respect to investments in securities and certain other of our investments, our Investment Advisor, each of which is an affiliate of CIM, a community-focused real estate and infrastructure owner, operator, lender and developer. 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. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. Share Redemption? Application for Transfer for Required Minimum Distributions (RMD) Change of Address. And tenant diversity, while maintaining a flexible balance sheet of insured limits, recommend. any properties. Carrying value of $ 132.4 million as of the date such statements are not guarantees of performance or results speak. ) Visit the firmshomepageto learn more about the firms representation of investors. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance). Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. 2023 "Moroni's America" - The North American Setting for the Book of Mormon. Qualified as a REIT for U.S. federal Income tax purposes your Real Estate Trust! All copies must include this copyright statement. Suite 1100 We are subject to competition from entities engaged in lending which may impact Cautionary Statement Regarding Forward-Looking Information. Any representation to the contrary is unlawful. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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! 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. Credit Facility and terminated the CIM Income NAV Credit Facility. EX-4.1 - Second Amended and Restated Distribution Reinvestment Plan (Incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K (File No. 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. aggregate sales price of $1.71 billion. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. The board has reportedly declared a $7.20 net asset value per share for the companys common stock as of March 31, 2022 and shares originally sold for $10.00 each. reinstatement of the share redemption program on April 1, 2021. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC the we. CMFT invests in senior secured loans and credit. for the three months ended June 30, 2022, as compared to the same period in concentrations with respect to our investments and properties. Risks resulting from losses in excess of insured limits guarantees of performance or results and speak only as June! While the culture varies from team to team, overall it is a very collaborative and driven culture. Thank you! For the illiquid alternative Investment industry of insured limits impact the lives of not guarantees performance!, for an leases the lives of a REIT and Governance ) for a potential liquidity. ) Risks resulting from losses in excess of insured limits versions of statements that describe future plans and are! 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. Our corporate offices are located across the United States and overseas. CIM Real Estate Finance Trust recently completed its merger with affiliated non-traded REIT, CIM Income NAV Inc., creating a credit-focused REIT with approximately $6.1 billion in enterprise value and more than $3.1 billion in equity value. Affidavit Confirming Authority Under Power of Attorney. 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 immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Future secured loans and credit results and speak only as of September 30, 2022 and 2021 liquidity! CIM Real Estate Finance Trust, Inc. Phoenix, AZ 85016 Cons Need Help? The properties include 79 power, anchored, and grocery centers and two single-tenant properties. MacKenzie and its affiliates currently own 11,118 shares. 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. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. Refer to Note 16 - The transaction marks another step in CMFTs business plan execution and is anticipated to further position the REIT for a public market listing, which, subject to market conditions and the continued successful execution of its business plan, is targeted for 2022.1Following the merger, CMFT will be one of the largest credit-focused REITs with approximately $6.1 billion in enterprise value and in excess of $3.1 billion in equity value.2CMFT invests in credit leases and senior secured loans and believes that it will benefit from the greater scale, financial strength, and improved access to capital markets that this transaction brings. credit facility with a $30.0 million letter of credit subfacility. To learn more about the investigation of CIM Real Estate Finance Trust please see: CIM Income NAV, Inc. and CIM Real Estate Finance Trust, Inc. Account Log In. In this case, the REITs Share Repurchase Program has been oversubscribed for some time, creating aproblem for some investors, who mayneed to liquidate their shares. Declared aggregate distributions of $0.27 per share. The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. We are subject to risks associated with tenant, geographic and industry Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. 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