periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, --------------------------------------------------------------------------------. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . was primarily due to the disposition of 134 properties subsequent to Trustee Certification of Investment Powers, CIM Real Assets & Credit Fund (CIM RACR) Subscription Agreement, CIM Real Assets & Credit Fund (CIM RACR) Systematic Investment Form, Hancock Park Corporate Income, Inc. (HPCI) Subscription Agreement, 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), CIM Real Estate Finance Trust, Inc. ("CMFT"), CIM Real Estate Finance Trust, Inc. (CMFT). Disposed of condominium units for an aggregate sales price of $22.5 million. News & Events. 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. CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. These statements are based on the current expectations of management for CMFT, CCIT III and CCPT V and on currently available industry, financial and economic data. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution The competing aims and values of a multi-cultural Lebanese society comprising of seventeen conflicting religious sects, led to disunity in any sense of national identity, and hence conflict in national architectural identity. September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 of Operations (form 10-Q). 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. Comparison of the Six Months Ended June 30, 2022 and 2021. Interest expense and other, net also includes amortization of deferred financing Interest payments - fixed rate debt 3,537, Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. About CIM Real Estate Finance Trust, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Overview. Invested $110.4 million in liquid senior loans and sold liquid senior loans for Income NAV Merger that closed in December 2021. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Cim Real Estate Finance Trust, Inc. (CMRF) using our online tools. 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. We are subject to risks associated with tenant, geographic and industry The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. Request to Change Financial Advisor and/or Broker Dealer. an aggregate gross sales price of $35.6 million. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Click here to visit CIM Groups directory sponsor page. unsecured debt. We may be unable to renew leases, lease vacant space or re-lease space as The following table reconciles net income, calculated in accordance with GAAP, borrower; however, our CRE loans may be repaid prior to such date. have the following meanings: As of June 30, 2022, our loan portfolio consisted of 341 loans with a net book Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The following table details the components of net operating income broken out CIM Real Estate Finance Trust also announced that it had reached an agreement to sell all of its shopping centers to American Finance Trust Inc. for $ 1.3 billion. "Non-same store" properties, for purposes of the table below, includes Press Releases Events & Presentations. Provisions do not affiliated transfer. We have substantial indebtedness, which may affect our ability to pay Quarterly Report on Form 10-Q for further discussion of our operating segments. borrowers and tenants and from borrower or tenant defaults generally. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Our operating segments include credit and real estate. Cons Customer Relationship Summary and Disclosure. View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). The tenant generally agrees that it will either have no ability or only limited ability to terminate the lease or abate rent prior to the expiration of the term of the lease as a result of real estate driven events such as casualty, condemnation or failure by the landlord to fulfill its obligations under the lease. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. Copyright 2023 Surperformance. Share Redemption? Entered into a new credit agreement that provides for borrowings of up to increased equity from the issuance of common stock in connection with the CIM distributions and expose us to interest rate fluctuation risk and the risk of We are subject to competition from entities engaged in lending which may impact ShareholderRelations@cimgroup.com, Media Relations 1-202-739-9400 Change of Distribution Election. (1)As of September 30, 2022, 100% of our loans by principal balance earned a September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. Based on portfolio information as of September 30, 2022. Email Alerts Printed Materials RSS Feeds. PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today that it has entered into an agreement to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 million. borrower; however, our CRE loans may be repaid prior to such date. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. arise from dispositions. The redemption of the Shares is subject to all the limitations and . Shareholder Relations connection with the disposition of the underlying properties during the six 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. Unfunded loan commitments, 1,886 $ - $ 4,324 Explore CMCT Case Study Penn Field Lending Platform We may be unable to renew leases, lease vacant space or re-lease space as Refer to Note 16 - primarily due to the increased number of loan investments entered into during File No. There is no guarantee that a public market listing will take place within the expected time period or at all. For more information, visit www.cimgroup.com. maximum facility size. PHOENIX--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 executed in September 2021. User ID: Password: Establish a new User ID and Password. CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the . Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. CMFT is managed by affiliates of CIM. 812-14909. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. Forgot your User ID? leases expire on favorable terms or at all. payable for the nine months ended September 30, 2021 was $584.1 million. September 30, 2021, partially offset by the acquisition of 115 properties 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. arise from dispositions. 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. Please call (866) 584-1381 with questions. All rights reserved. 2021, was due to the Company's investment in NP JV Holdings, which was not During the nine months ended September 30, 2022 and 2021, the Company did not As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. amounts per share, payable to stockholders as of the record date for the Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. 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. Invested $1.2 billion in first mortgage loans and received principal repayments . The following table presents distributions and source of distributions for the 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. We may be affected by risks resulting from losses in excess of insured limits. 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. Converted $68.2 million of preferred units into a CRE loan upon maturity. developments, net. MacKenzie and its affiliates currently own 11,118 shares. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. was primarily due to the disposition of 134 properties subsequent to This website is neither an offer to sell nor a solicitation of an offer to purchase any CCO Group program. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. --------------------------------------------------------------------------------. reinstatement of the share redemption program on April 1, 2021. Application for Transfer for Non-Custodial Accounts. Statements that describe future plans and objectives are also forward-looking statements. 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. DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) 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 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). CCO Group programs are only offered by means of a prospectus. 2) Reflects total net asset value as of 9/30/22. Shareholder Relations Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. repayments of $50,000. We may not generate cash flows sufficient to pay our distributions to Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. About CIM Real Estate Finance Trust, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. 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). 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. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. default under our debt obligations. Except as required by law, none of CMFT, 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. concentrations with respect to our investments and properties. months ended June 30, 2022, as compared to the same period in 2021, was between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Subsequent Events (Details) . IR Resources. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. properties previously owned through the Consolidated Joint Venture, for an The tender offer expires on March 7th. Suite 1100 The DI Wire is the definitive news source for the illiquid alternative investment industry. The purchase price will be paid in cash and the transaction is expected to close during the first quarter of 2023, subject to the completion of due diligence and the satisfaction of closing conditions. to net operating income (in thousands): Gain on disposition of real estate and condominium Quarterly Portfolio Update $7.3B Gross Asset Value 1.49x Debt to Equity Ratio $2.9 Billion Equity $4.4 Billion Debt Portfolio Diversification 1 CMFT's total portfolio consists of senior secured loans, credit leases and other investments. 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. CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . Place within the expected time period or at all new user ID: Password: Establish a new user:! 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