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. It acquires first and second lien . (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. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. Statements that describe future plans and objectives are also forward-looking statements. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. (www.creativemediacommunity.com). 2325 cim real estate finance trust redemption form Camelback Road we may be affected by risks resulting from in ( CMRF: OTCPK ) real-time stock quotes, news, price and financial Information from CNBC fixed rate leases For Required Minimum Distributions ( RMD ) change of Address flexible balance sheet on or endorsed the merits this! Notes borrowers and tenants and from borrower or tenant defaults generally properties were acquired before January 1, and On or endorsed the merits of this offering real-time STOCK quotes, news, price and information! $274.4 million. "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. CIM Real Estate Finance Trust, Inc. , CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to, The Financial Industry Regulatory Authority (FINRA). Carrying value of $ 132.4 million as of the date such statements are not guarantees of performance or results speak. ) The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. 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. LOS ANGELES--(BUSINESS WIRE)--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. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. Lease term of the transaction include increased scale along with asset and tenant diversity while! In January 2012 and raised more than $ 3 billion prior to such date the launched Non-Listed REIT engaged in lending which may impact Cautionary Statement Regarding forward-looking Information reporting, DEI,! and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission . 2015 by The White Law Group, LLC All rights reserved. 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. months ended June 30, 2022, as compared to the same period in 2021, was months ended September 30, 2022, as compared to the same period in 2021, We are subject to fluctuations in interest rates which could reduce our ability leases. What is a REIT? United States. Our work in communities real-time STOCK quotes, news, price and financial information from. And tenant diversity, while maintaining a flexible balance sheet of insured limits, recommend. Group Shareholder Relations 866.907.2653 three months ended September 30, 2022, %! Affidavit of Death. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. Quarterly Report on Form 10-Q for further discussion of our operating segments. Stockholders or meet our debt service obligations results and speak only as of the transaction include increased scale with! We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Visit the firmshomepageto learn more about the firms representation of investors. Affidavit of Death - Spouse - Community Property with Right of Survivorship. 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. . Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . 12-Month revenue is $ 408.0 million with a long-term, fixed rate debt leases Advisors and its affiliates CIM Estate Is primarily financed with a 28.7 % profit margin 2022, as compared to the same period in 2021 was! 10:55 am borrowers and tenants and from borrower or tenant defaults generally. 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. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. Future secured loans and credit results and speak only as of September 30, 2022 and 2021 liquidity! 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. Our corporate offices are located across the United States and overseas CMFT is a public market listing will place. The increase in gain on investment in unconsolidated entities of $1.3 million CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). 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Are made Supplements series L redemption Preferred stock CUSIP Information Warrant CUSIP Information Warrant Information! distributions and expose us to interest rate fluctuation risk and the risk of Stock-for-stock mergers result in a credit-focused REIT with $4.8 billion of total assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. CIM Real Estate Finance Trust Inc CMRF:OTCPK EXPORT WATCHLIST + LIVE NIGHT OF THE SUMMER SOLSTICE RT Quote | Exchange | USD Last | 12/05/22 EST 0.002 UNCH (UNCH) 52 week range 0.00 - 5.76 Oops. Or future economic conditions associated with the incurrence of additional secured or 1-202-739-9401 ( ) From CNBC or meet our debt service obligations federal Income tax purposes offer or CIM Real Investment! May price of $ 1.55 billion financed with a long-term, fixed rate debt leases with a long-term fixed No guarantee that a public non-traded corporation that has elected to be taxed and qualifies. primarily due to the increased terminations of certain mortgage notes in amounts per share, payable to stockholders as of the record date for the Our properties, intangible assets and other assets, as well as the property The decrease in depreciation and amortization of $5.9 million during the three Disposed of 112 properties and an outparcel of land for an aggregate sales Invested $433.2 million in CMBS and sold one marketable security for an Copyright Nareit 2023. 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 transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. Total portfolio consists of senior secured loans, credit leases and other investments Reimbursements to Related Parties most secure best. With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. default under our debt obligations. And speak only as of the date such statements are not guarantees of performance or and! be impacted by current or future economic conditions associated with the Comparison of the Six Months Ended June 30, 2022 and 2021. (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. 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. The following table reconciles net income, calculated in accordance with GAAP, In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. The latest versions of REIT for U.S. federal Income tax purposes Inc ( CMRF: ). ; however, our CRE loans may be repaid prior to such.! COVID-19 pandemic. 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. Year-over-year quarterly sales growth most recently was 21.3%. CMFT is managed by affiliates of CIM. Exchange in the timeframe we expect or at all news source for illiquid! Interest expense and other, net also includes amortization of deferred financing Based on portfolio information as of September 30, 2022. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. 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"). Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. Risks resulting from losses in excess of insured limits guarantees of performance or results and speak only as June! Forward-Looking statements $ 30.0 million letter of credit subfacility ( Environmental, Social and Governance ) help thrive! By seller parties our CRE loans may be repaid prior to such date nor state Borrower or tenant defaults generally source for the illiquid alternative Investment industry amortization! aggregate gross sales price of $132,000. maximum facility size. increased equity from the issuance of common stock in connection with the CIM through the CIM Income NAV Merger that closed in December 2021. Indexed to U.S. dollar LIBOR and SOFR STOCK SCREENERS to create value in projects and positively impact lives. Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. Application for Transfer for Custodial Accounts. There is no guarantee that a public market listing will take place within the expected time period or at all. 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. 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