Financial System Trends: The Monetary Policy Committee (MPC) raised the monetary policy rate and the cash reserve ratio, cumulatively, by 500 basis points to 16.5 per cent and 32.5 per cent, respectively as a way of enforcing liquidity tightening measures to curb rising inflation. Suspended: The investment program has suspended its share repurchase or tender program. The pro forma combined . Year-over-year quarterly sales growth most recently was 21.3%. MacKenzie and its affiliates currently own 11,118 shares. line-height: 31px; The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . CMFT, CCIT III and CCPT V arenon-tradedREITs managed by affiliates of CIM Group, LLC (CIM). CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. market. */ #primary-menu .dropdown-menu a:hover{ The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. } These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. Upon closing, the board of CIM Real Estate Finance Trust will be increased so that all independent directors of CCIT II, CCIT III and CCPT V that are not currently independent directors of the combined company will be added to the board. Even the SEC acknowledges that mini-tender offers are often aimed at catching investors off guard and offers a list of tips to shareholders. Statements that describe future plans and objectives are also forward-looking statements. Prior results do not guarantee similar outcomes. console.log("Failure at Presize of Slider:" + e) Just the opposite: The sector is seeing significant fundraising growth, adds Stephan. Comrits recent tender offer follows a previous offer made to CIM investors which closed in April 2021, at an offer price of $4.50 per share. Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. 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. As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in CIM to retail investors nationwide. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); The merger agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors. Before you choose to buy, sell or hold Cim Real Estate Finance Trust Inc stock, youll want to analyze how it has been graded. color: white !important; #menu-item-1271 { The information contained on this website is provided solely for informational purposes and is considered attorney advertising. 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). } No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Announces Merger Agreement with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). 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. For immediate release. display: none !important; 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. 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. The merger transactions could also better position it for a future liquidity event, including a public listing. .ewd-ufaq-post-margin-symbol{ Contacting us, by itself, does not create an attorney-client relationship. 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. margin-bottom: 15px; LOS ANGELES--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 transaction. Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. text-transform: uppercase; Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. Access global real estate's most influential events and network. font-size: 15px; AAII has helped over 2 million individuals 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. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. padding: 15px 20px !important; window.RSIH = window.RSIH===undefined ? European investors currently have 10.8% of their investments in property, above target allocations of 10.5%, the INREV survey showed. Theme Real Estate. Cim Real Estate Finance Trust Inc (CMRF) Competitors. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. display: block; The team at Seneca Investment Managers aims to generate average total returns of at least CPI +6% pa over the course of a typical investment cycle. 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. Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. 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. 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 width: 70px; 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 has a Growth Score of 50, which is Average. 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 . I always see my role as being more than an Executive Assistant; for example; I have arranged and managed large company-wide activities . ix = 0, The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. 0 : parseInt(e.tabhide); padding: 0 25px; 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. 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. Whether or not you should buy Cim Real Estate Finance Trust Inc stock will ultimately depend on your individual goals, risk tolerance and allocation. Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. for (var i in e.rl) nl[i] = e.rl[i]