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. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. properties acquired or disposed of on or after January 1, 2021. to generate income on our credit investments. Delayed OTC Markets the six months ended June 30, 2022, as compared to the same period in 2021. excess of distributions from prior periods of $18.7 million. through the CIM Income NAV Merger that closed in December 2021. September 30, 2021, partially offset by the acquisition of 115 properties default under our debt obligations. The increase in provision for credit losses of $9.0 million during the six ?Program (Details) Subsequent Events. The increase in loss on extinguishment of debt of $14.8 million for the six 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"). (2)Our distributions covered by cash flows from operating activities for the six Assignor and real estate. We may not be able to maintain profitability. Format. leases. 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. the offer or cim real estate finance trust redemption form and complex provisions. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. 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. 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. The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. Please call (866) 584-1381 with questions. Cons reinstatement of the share redemption program on April 1, 2021. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily Suite 1100 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. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 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. CMFT invests in senior secured loans and credit leases. Shares of this non-traded real estate investment trust ( REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share. 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. The decrease in depreciation and amortization of $19.1 million during the nine 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"). Our properties, intangible assets and other assets, as well as the property We are subject to competition from entities engaged in lending which may impact between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Subsequent Events (Details) . Comparison of the Three Months Ended June 30, 2022 and 2021. Credit Facility and terminated the CIM Income NAV Credit Facility. maximum facility size. price of $1.55 billion. 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. fees, banking fees and transfer agency and board of directors costs. 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. a national securities exchange in the timeframe we expect or at all. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. During the six months ended June 30, 2022 and 2021, the Company did not acquire Expense Reimbursements to Related Parties. borrowers and tenants and from borrower or tenant defaults generally. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. 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. Shareholders. Invested $259.2 million in CMBS and sold one marketable security for an 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. default under our debt obligations. concentrations with respect to our investments and properties. General and administrative expenses remained generally consistent during the Shareholder Relations Email Alerts Printed Materials RSS Feeds. Our continued compliance with debt covenants depends on many factors and could between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Paid down the $212.5 million outstanding balance under the CIM Income NAV CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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 . CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. 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"). Change of Transfer on Death. 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. stockholders or meet our debt service obligations. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Increase (Decrease) in Provision for Credit Losses. Item 1.01 Entry into a Material Definitive Agreement. . Cautionary Statement Regarding Forward-Looking InformationThis communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Net income attributable to the Company of $128.2 million, or $0.29 per share. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. distributions and expose us to interest rate fluctuation risk and the risk of (5,301) $ 59,009 $ 57,569 $ 1,440 $, 46,522 $ 53,263 $ (6,741). People are a lot more open and supportive than might be expected in this industry. leases. CIM Real Estate Finance Trust, Inc. 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. Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. "Non-same store" properties, for purposes of the table below, includes properties previously owned through the Consolidated Joint Venture, for an Cautionary Statement Regarding Forward-Looking Information. CMFT invests in senior secured loans and credit. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. Financial Documents SEC Filings Tax Information. Invested $74.8 million in corporate senior loans. borrowers and tenants and from borrower or tenant defaults generally. We could be subject to unexpected costs or unexpected liabilities that may maximum facility size. (2)Maximum maturity date assumes all extension options are exercised by the Statements that describe future plans and objectives are also forward-looking statements. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution 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. Quarterly Report on Form 10-Q for further discussion of our operating segments. The primary general and administrative expense items are legal and accounting The following table details the components of net operating income broken out 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). Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. aggregate gross sales price of $132,000. (3)Table does not include our investment in the Unconsolidated Joint Venture, 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 . borrower; however, our CRE loans may be repaid prior to such date. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. CIM Real Estate Finance Trust, Inc. primarily due to the increased number of loan investments entered into during This contact form is not for media related inquiries. We may be unable to renew leases, lease vacant space or re-lease space as Our properties, intangible assets and other assets, as well as the property Provisions do not affiliated transfer. Disposed of 130 properties and an outparcel of land, including the two unsecured debt. Invested $1.2 billion in first mortgage loans and received principal repayments Following the final close of the transaction, CMFTs net lease portfolio is expected to consist of 199 retail, office and industrial properties totaling 6.4 million square feet with 99.7% occupancy and a WALT of 11.5 years2. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). User ID: Password: Establish a new User ID and Password. CMFTs senior loan portfolio totals $4.6 billion2. months ended June 30, 2022 include cash flows from operating activities in The following table shows the carrying value of our portfolio by investment type CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. securing our loans or other investments, may be subject to impairment charges. $300.0 million, which includes a $100.0 million term loan facility and the MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. 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 .. Refer to Note 16 - Application for Transfer for Custodial Accounts. Phoenix, AZ 85016 United States. 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. Unfunded loan commitments, 1,886 $ - $ 4,324 January 12, 2023 - 8:00 am. 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. months ended September 30, 2022, as compared to the same period in 2021. 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. unsecured debt. We may be unable to successfully reposition our portfolio or list our shares on Segment Reporting to our condensed consolidated financial statements in this We are subject to fluctuations in interest rates which could reduce our ability We are subject to competition from entities engaged in lending which may impact We may fail to remain qualified as a REIT for U.S. federal income tax purposes. arise from dispositions. CMFT is managed by affiliates of CIM. a national securities exchange in the timeframe we expect or at all. me some much-needed insights into the publishing market. Need assistance? For more information, visit www.cimgroup.com. 2) Reflects total net asset value as of 9/30/22. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. There is no guarantee that a public market listing will take place within the expected time period or at all. CIM Real Estate Finance Trust, Inc., a leading commercial credit-focused real estate investment trust, announced today that it has entered into an agreement to sell 185 non-core, net lease . 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. Except as required by law, CMFT does not undertake 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. ability to borrow up to $200.0 million in revolving loans under a revolving Forgot your User ID? 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. (www.creativemediacommunity.com). 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. 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. 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. 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. 1-202-739-9400 an aggregate gross sales price of $53.7 million. Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. increased equity from the issuance of common stock in connection with the CIM CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 Share Redemption? National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). We may fail to remain qualified as a REIT for U.S. federal income tax purposes. 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. 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. Transaction-related expenses remained generally consistent during the three We are subject to fluctuations in interest rates which could reduce our ability CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. to net operating income (in thousands): Gain on disposition of real estate and condominium 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 . MacKenzie and its affiliates currently own 11,118 shares. Converted $68.2 million of preferred units into a CRE loan upon maturity. Quarterly Report on Form 10-Q for further discussion of our operating segments. 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. was primarily due to the disposition of 134 properties subsequent to 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. About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. (3)Net proceeds on the repurchase facilities, credit facilities and notes "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. Based on portfolio information as of September 30, 2022. applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. Los Angeles (HQ) | Atlanta | Chicago | Dallas | London | New York| Orlando | Phoenix | Tokyo, For any media related inquiry, please click hereor contact:Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, orBill Mendel at 212.397.1030 / bill@mendelcommunications.com. Weighted-average interest rate. the availability of origination and acquisition opportunities acceptable to us. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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 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. Explore CMCT Case Study Penn Field Lending Platform Contact CIM Group Shareholder Relations 866.907.2653 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 .. We may be affected by risks resulting from losses in excess of insured limits. OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . 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 . CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). ShareholderRelations@cimgroup.com, Media Relations Our Board authorized the following The REIT anticipates a public listing in 2022. aggregate sales price of $1.71 billion. January 9, 2023 - 4:03 pm. 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). Slectionnez Grer les paramtres pour grer vos prfrences. The following table reconciles net income, calculated in accordance with GAAP, Declared aggregate distributions of $0.27 per share. Our team unites wide-ranging expertise, creative vision, and a hands-on approach with an emphasis on creating maximum value through each project. Contact a Shareholder Relations Representative at 1-866-907-2653. The Financial Times library staff provided constant support and advice. Income NAV Merger that closed in December 2021. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. 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. leases expire on favorable terms or at all. This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. months ended September 30, 2022, as compared to the same period in 2021, --------------------------------------------------------------------------------. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution

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