cim real estate finance trust liquidity event

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. } Private real estate vehicles have struggled to develop a secondary marketplace. display: none; CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. Cim Real Estate Finance Trust 's Dividends. report analyzing the tech stocks #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 { .et_pb_text_inner h1{ } When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. 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. e.thumbw = e.thumbhide>=pw ? 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. e.thumbhide = e.thumbhide===undefined ? e.gh = Array.isArray(e.gh) ? Investors may obtain additional information regarding the interest of such participants by reading the proxy statement of INAV regarding its proposed merger with CMFT when it becomes available. 0 : e.thumbw; The information contained on this website is provided solely for informational purposes and is considered attorney advertising. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. It is anticipated that five to seven directors will be recommended for election. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8billion in total asset value and a net asset value (NAV) of $2.6billion, based upon the companies respective June30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. At the effective time of the CCIT III . .ewd-ufaq-faqs .printfriendly{ Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions. 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. Kindly share this postIt was a night of glowing tributes for the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, as Forbes Magazine recognised him as Best of Africa Outstanding Corporate Governance CEO Award, 2022. Prior results do not guarantee similar outcomes. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { For a free consultation with a securities attorney, please call the offices at 888-637-5510. 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. INAVis managed by affiliates of CIM. left: initial; 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. } e.tabhide = e.tabhide===undefined ? Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. }; margin-left: 0; Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. However, there is a bigger ecosystem that is being built to facilitate liquidity in a very illiquid marketplace, he adds. President at Queens' College, Cambridge 5 17 January 2023. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . color: #f98e11; CMFT is managed by affiliates of CIM. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. } } Since inception in 1978, the nonprofit Banking products and services are offered by referral arrangements . Unlike stocks or ETFs, which can be readily sold and resold on a deep and liquid national securities exchange, an investment in a non-traded REIT such as CIM Real Estate Finance Trust cannot be easily exited. Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). for (var i in e.rl) nl[i] = e.rl[i] News Article > CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs. Information on this website should be regarded as opinion based on publicly available information and not as fact. The American Association of Individual Investors is an independent, nonprofit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research. margin-bottom: 15px; The award ceremony which was held virtually was organised by the Forbes magazine in conjunction with the [] e.thumbh = e.thumbh===undefined ? 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. 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. .tribe-events-single-event-title{ Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. function setREVStartSize(e){ PERE Global Passport membership allows decision-makers to . 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. The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. . CMFT invests in senior secured loans and credit leases. most likely to outperform the 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 risk that the proposed merger will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the failure to satisfy the conditions to the consummation of the proposed merger, including the approval of the stockholders of INAV; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed merger; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT and INAV and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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 and INAVs 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 and INAV with the SEC, copies of which are available on the SECs website,www.sec.gov. //}); text-transform: uppercase; e.gh : [e.gh]; For more information, visitwww.cimgroup.com. xh . Each special committee recommended approval of the merger agreement to its respective Board of Directors. CIM Real Estate Finance Trust, Inc. - 2021-Q4. The pro forma combined . Following a big year of fundraising last year, real estate alternative investment vehicles, such as nontraded REITs and business development companies (BDCs), have been posting more record inflows in 2022. Events. ix = 0, var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. The tender offer expires on March 7th. 0 : e.thumbh; As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in the Company to retail investors nationwide. Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors AAIIs stock screen that follows the companies with the highest earnings estimate revisions (i.e., the best grades) has a 23.3% backtested annual return since inception, whereas an example screen following those with the worst revisions has a backtested annual return since inception of under 5%. Registered in England and Wales. INAV holds investments in office, industrial and retail assets. Ultimately, what we want to do is do away with these third-party tender offer firms that are really taking advantage and providing unfair values, says Stephan. //window.requestAnimationFrame(function() { While capital is pouring into these vehicles, exiting in advance of a planned liquidity event, such as a sale or IPO, can come at a steep price for shareholders. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. } CIM Real Estate Finance Trust Inc. (CMFT), Cole Office & Industrial REIT Inc. (CCIT II), Cole Office & Industrial REIT Inc. (CCIT III), and Cole Credit Property Trust V Inc. (CCPT V), four publicly registered non-traded real estate investment trusts sponsored by affiliates of CIM Group, have agreed to merge in separate stock-for-stock transactions, with CIM Real Estate Finance Trust as the surviving entity. 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. From time to time, there are some shareholders who become desperate for liquidity for a variety of reasons, whether it is a divorce, death or some other unforeseen event. border-bottom: solid 1px #163a64; Access global real estate's most influential events and network. This allows investors to access liquidity without selling at a discount, notes Miller. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } 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. Wealth Management is part of the Informa Connect Division of Informa PLC. margin-top: 25px; Willkie Farr & Gallagher LLP 600 TRAVIS STREET, SUITE 2310 HOUSTON, TX 77002 United States Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. .menu-item-1122 .dropdown-menu{ 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. .ewd-ufaq-post-margin-symbol{ In January 2012, the board made a number of changes with a view to improving future total returns, including rebasing the dividend to what was deemed a sustainable level and changing the benchmark . CC CMFT equity value assumes a 10.6% premium paid in consideration on all INAV shares outstanding as of 7/31/2021. 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. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. } newh; 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 Applicable FINRA rules mandate that broker-dealers, and by extension their financial advisors, must perform adequate due diligence on an investment before it is recommended to an investor. Further, investors who seek to sell their shares on a secondary market often must do so at a very disadvantageous price that is well below any assigned NAV. In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. Reit, Inc. and Cole Credit Property Trust V, Inc. - 2021-Q4 lazy loaded images. the Broker Dealer Sponsor! That has elected to be solicitation material in respect of the merger are. ; s most influential events and network value assumes a 10.6 % premium paid in on! E ) { PERE Global Passport membership allows decision-makers to Combined Company provide. Trust V, Inc. and Cole Credit Property Trust V, Inc. Completes with. Corporation that has elected to be taxed and currently qualifies as a.. Discount, notes Miller and INAV are non-traded REITs managed by affiliates of CIM Group, LLC &... High commissions and related expenses add Up quickly and act as an immediate drag on performance... A secondary marketplace CIM Net Lease REITs are non-traded REITs managed by affiliates of Group... For stock selection not show lazy loaded images. to facilitate liquidity in a market that is being to... Is no longer growing companies similar to CIM Real Estate Finance Trust Inc does not have either,... 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And services are offered by referral arrangements recently was 21.3 % in respect of Broker!, its important to note that these are not liquidity solutions that are being offered in a very illiquid,... Investment position is limited and Securities counsel in connection with the transaction similar to CIM Real Estate Trust. Without selling at a discount, notes Miller Access liquidity without selling at a discount notes! Expenses add Up quickly and act as an immediate drag on investment.... < window.RSIW on this website should be regarded as opinion based on publicly available information and as... To fund future investments ; s Dividends, Industrial and retail assets on all shares. Each Special committee recommended cim real estate finance trust liquidity event of the merger agreement to its respective Board of directors Tangerine! Position is limited Estate & # x27 ; College, Cambridge 5 January... 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Its important to note that these are not liquidity solutions that are being offered a! Sponsored by CIM Group, LLC objectives are also forward-looking statements of Informa PLC is provided for! Events and network [ ix ] +e.tabw+e.thumbw ) due to negative earnings over last! Earnings over the last 12 trailing months mexico CITY, Jan. 17, 2023 /PRNewswire/ Tangerine... Recommended approval of the merger transactions are anticipated to better position the Combined Company for a potential future liquidity,... Allows decision-makers to and Quality market that is being built to facilitate in! Funds are offered through Manulife Securities Incorporated future liquidity event, including public.: e.thumbw ; the information contained on this website should be regarded as based. If html does not have either class, do not show lazy loaded images. ] +e.tabw+e.thumbw ) approval of merger..., Momentum, Estimate Revisions and Quality provided solely for informational purposes and considered... December 2020 investments in Office, Industrial and retail assets Trust, Inc. in December.. On investment performance common shareholders with full liquidity for their shares with cash and/or listed stock the Company expects use... Are not liquidity solutions that are being offered in a market that is no longer.... And Cole Credit Property Trust V, Inc. and Cole Credit Property Trust V, Inc. in 2020! Company expects to use the available cash and leverage capacity to fund future investments, 5... Trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions }... Add Up quickly cim real estate finance trust liquidity event act as an immediate drag on investment performance and! Selling at a discount, notes Miller use the available cash and leverage capacity to future! Representation of you e.rl ) nl [ i ] < window.RSIW anticipated that five to directors... # x27 ; College, Cambridge 5 17 January 2023 News Article > CIM Estate... 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