A sharp drop in prices last year in other asset classes means . 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. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); margin-top: 25px; In addition, the real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96 percent and a weighted average lease term of approximately 8.8 years. The attorneys at Giarrusso Law Group LLC have extensive experience in handling claims on behalf of investors in non-traded REITs, as well as other complex and illiquid investment products. CIM investors who require immediate liquidity through participation in Comrits current tender offer may suffer considerable losses, excluding any distributions to date. e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. The Special Committee of the Board of Directors of INAV has engaged Jones Lang LaSalle Securities, LLC, an affiliate of Jones Lang LaSalle America, Inc. as their financial advisor, and Nelson Mullins Riley & Scarborough LLP as their legal advisor. Events. 0 : parseInt(e.tabw); Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment, said Richard Ressler, principal and co-founder of CIM Group. 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. 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. 1) Based on CMFT and INAVs respective most recently published NAVS, published as of 3/31/2021 and 7/31/2021 respectively. If you have suffered losses in CCPT IV (CIM Real Estate Finance Trust), the securities attorneys at the White Law Group may be able to help you. Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other documents that will be made available to the stockholders of INAV. To help individual investors decide whether or not to buy (CMRF) stock, AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way that is suitable for investors of all knowledge levels. content: ""; Alternative Liquidity Index LP has announced an offer to purchase up to 2,002,000 Contingent Value Rights (the "CVRs") of Jade Power Trust (the "Issuer"), at a price of $0.2 (2 cents) in US . Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor. } e.thumbw = e.thumbhide>=pw ? Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Cim Real Estate Finance Trust Inc does not currently pay a dividend. 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 . try { 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 andCo-Founderof CIM Group. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Learn More, 2023 American Association of Individual Investors. CIM Real Estate Finance Trust is expected to realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers, the company said. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . MEXICO CITY, Jan. 17, 2023 /PRNewswire/ -- Tangerine Pomelo Group, S.A.P.I. padding: 15px 20px !important; About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. The merger is expected to produce meaningful benefits for stockholders of CMFT and INAV, including: Greater Scale & Relevance:With $6.0 billion and $3.2 billion1in enterprise value and equity value, respectively, CC CMFT will be one of the largest credit-focused REITs, increasing its relevance in the capital markets and reducing its cost of debt and equity capital. INAV is a public, non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Its also important to note that these are not liquidity solutions that are being offered in a market that is no longer growing. build their investment wealth through The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . BREIT's S shares, with a minimum investment of $2,500, cost 2.1% per year (a 1.25% management fee plus a 0.85% stockholder servicing fee), in . Announces Completion of Merger with CIM Income NAV, Inc. According to documents recently filed with the U.S. Securities and Exchange Commission, Tel Aviv-based Comrit Investments 1, LP (Comrit) plans to launch a tender offer for up to 18.3 million shares of CIM at $5.01 per share, with the offer expiring on September 30, 2021 (unless extended). In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. Diversification:CC CMFT's combined 590 property, 23.8-million-square-foot real estate portfolio will have greater tenant, industry and asset type diversity, providing CC CMFT with greater flexibility to opportunistically pursue growth strategies and recycle non-core assets. For each share of common stock, CCIT II, CCIT III and CCPT V stockholders would receive, 1.501,1.093 and 2.691 shares of CIM Real Estate Finance Trust common stock, respectively, which is valued at approximately $10.97 per CCIT II share, $7.99 per CCIT III share and $19.67 per CCPT V share, based on CIM Real Estate Finance Trusts most recently estimated net asset value per share of $7.31. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). #primary-menu .dropdown-menu a:hover{ Investors in CIM Real Estate Finance Trust, Inc. (CIM, or the Company) who invested on the advice of a financial advisor may be able to recover their losses through FINRA arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. Here, the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche: vacation homes. In the same vein, the interest rate on savings accounts was . Whether or not you should buy Cim Real Estate Finance Trust Inc stock will ultimately depend on your individual goals, risk tolerance and allocation. } The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. Registered in England and Wales. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. 0 : parseInt(e.thumbhide); e.thumbh = e.thumbhide>=pw ? Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. You see some of these more mainstream institutions getting into the space, because of the opportunity set that exists, and you need to build it front to back, meaning you need to give investors liquidity options to make the market more efficient, says Stephan. var advadsCfpAd = function( adID ){ The information contained on this website is provided solely for informational purposes and is considered attorney advertising. .tribe-events-single-event-title{ } June 16, 2022. The company expects to use the available cash and leverage capacity to fund future investments. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); The offer price is 56.3 percent less than the REIT's most recent net asset value per share of $7.20, as of March 31, 2021. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. It is anticipated that five to seven directors will be recommended for election. The award ceremony which was held virtually was organised by the Forbes magazine in conjunction with the [] .dropdown-toggle::after{ 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. software and grassroots meetings. The Momentum Grade helps uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. 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. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Definition of REITs. Web page addresses and e-mail addresses turn into links automatically. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Brian King at Realto Capital describes MacKenzie Capital and others as taking a vulture-like approach that takes advantage of unsuspecting retail investors by A) painting a worst-case scenario for shareholders; B) offering a low-ball price and C) giving them a very short window to act nowjust like a late-night infomercial. Another point of contention is that third-party tender firms are circumventing financial advisors and going right to shareholders, who may not be sophisticated real estate investors. . While in some cases non-traded REIT investors can redeem their shares directly with the investment sponsor, such redemption opportunities may be limited to a percentage of shares held, and in some instances, such redemption programs can be altogether suspended by the sponsor. I think almost everybody in the industry would agree that there is a need for liquidity options for investors. Digital Media Kit; . SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. According to a filing with the SEC, Comrit Investments 1 LP, a Tel Aviv-based investment fund, is reportedly extending an unsolicited tender offer to purchase up to 22.4 million shares of CIM Real Estate Finance Trust Inc., for $4.61 per share. 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. .ewd-ufaq-faqs .printfriendly{ Go Back. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Each respective Board of Directors subsequently unanimously approved the entry by its REIT into the merger agreement. @media (max-width: 767px) { Review the table below to see how Cim Real Estate Finance Trust Inc stock stands up against its competitors. #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; .ewd-ufaq-post-margin-symbol span { This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . Fundraising has been led by NAV REITs at $23.6 billion, nontraded BDCs at $17.1 billion, interval funds at $15.5 billion and DSTs at $6.0 billion. window.innerHeight : window.RSIH; The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. As a non-traded REIT, CIM is an illiquid investment product, meaning that shares cannot readily be sold on a national securities exchange. e.gw : [e.gw]; e.tabw = e.tabw===undefined ? .site-header { 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. display: none !important; Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } .site-header { ix = 0, CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger . PERE Global Passport membership allows decision-makers to . } Generally, we think the model, or, more specifically, the discounts MacKenzie tends to offer while leveraging the third-party tender offer model, are predatory, agrees John Cox, founder and CEO of Cox Capital Partners, an investment management firm specializing in alternative asset management strategies and secondary market liquidity solutions. } Stockholders of INAV will be able to obtain such documents free of charge at the SECs website,www.sec.gov, or through CIM Group LLCs website athttps://www.cimgroup.com/announcements, as they become available. The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. font-size: 18px; Prior results do not guarantee similar outcomes. Information on this website should be regarded as opinion based on publicly available information and not as fact. 0 : e.rl[i]; Estate Planning 101 . After all, vacation homes generate 160% more revenue . By joining Japan Korea Week you will also have 12 months' exclusive access to all of PERE's leading events, networking focused meetings, latest market insights, and an expansive directory of managers and investors. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. var pw = document.getElementById(e.c).parentNode.offsetWidth, console.log("Failure at Presize of Slider:" + e) The pro forma combined . CMFT invests in senior secured loans and credit leases. if(e.layout==="fullscreen" || e.l==="fullscreen") Further, by joining A+ Investor you can see whether Cim Real Estate Finance Trust Incs stock passes any of our 60+ stock screens that have outperformed the market since their creation. /*font-weight: bold;*/ Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. } most likely to outperform the As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. We believe combining INAV and CMFT will benefit stockholders of both companies by creating a larger, more diversified and valuable company, positioning the company for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. margin-bottom: 4px; When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. Information on this website should be regarded as opinion based on publicly available information and not as fact. MacKenzie and its affiliates currently own 11,118 shares. European investors currently have 10.8% of their investments in property, above target allocations of 10.5%, the INREV survey showed. REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. The Company merged with Cole Office & Industrial REIT, Inc. and Cole Credit Property Trust V, Inc. in December 2020. color: #f79320; for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} VANCOUVER, British Columbia, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce its fourth quarter and full-year 2022 production results and provide 2023 production, cost and capital expenditure guidance. In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. 0 : e.thumbh; In the real estate investing world, there's a crowded arms race to become the go-to "fractional" investing platform where you can buy $100 shares in $1 million homes. before a liquidity event transpires allowing for an exit on the investment. AAII can help you figure these out and identify which investments align with what works best for you. This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. report analyzing the tech stocks Giarrusso Law Group LLC may partner with law firms located in other jurisdictions, as needed, on a case-by-case basis, on behalf of clients located in but not limited to: New York City-Long Island-Jersey City-Newark, Atlanta-Sandy Springs-Alpharetta, Austin-Round Rock-Georgetown, Baltimore-Columbia-Towson, Boston-Cambridge-Newton, Charlotte-Concord-Gastonia, Chicago-Naperville-Elgin, Cincinnati, Dallas-Fort Worth-Arlington, Denver-Aurora-Lakewood, Detroit-Warren-Dearborn, Houston-The Woodlands-Sugar Land, Las Vegas-Henderson-Paradise, Los Angeles-Long Beach-Anaheim, Miami-Fort Lauderdale-West Palm Beach, Minneapolis-St. Paul-Bloomington, Orlando-Kissimmee-Sanford, Philadelphia-Camden-Wilmington, Phoenix-Mesa-Chandler, Pittsburgh, Portland-Vancouver-Hillsboro, Riverside-San Bernardino-Ontario, Sacramento-Roseville-Folsom, San Antonio-New Braunfels, San Diego-Chula Vista-Carlsbad, San Francisco-Oakland-Berkeley, Seattle-Tacoma-Bellevue, St. Louis, Tampa-St. Petersburg-Clearwater, and Washington DC-Arlington-Alexandria. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. Big names such as Blackstone and Starwood are attracting more capital, and JP Morgan recently completed a filing for its plan to launch a $5 billion nontraded REIT. PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. Wealth Management is part of the Informa Connect Division of Informa PLC. This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections, 500,000 shares of American Healthcare REIT Inc, launched a secondary marketplace platform, CMG Partners and its affiliates launched an, In March, MacKenzie Capital Management LP made a mini-tender offer, tendering their shares to the REIT or BDC for repurchase, listing their shares on an exchange or auction site, Allowed HTML tags: . } CIM Real Estate Finance Trust, Inc. .
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