e.gh : [e.gh]; CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. Contacting us does not guarantee that the firm will undertake representation of you. .site-header { Following the closings of the merger transactions, former stockholders of CIM Real Estate Finance Trust, CCIT II, CCIT III and CCPT V are expected to own approximately 67 percent, 22 percent, 1 percent and 10 percent of the combined company, respectively. This allows investors to access liquidity without selling at a discount, notes Miller. The merger transactions could also better position it for a future liquidity event, including a public listing. May 10, 2022. However, one drawback of those structures has always been that investors have few options to get capital out if they need an early exit, which has fueled a practice, mini-tender offers, that some critics view as predatory. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. Duff & Phelps LLC, a third-party valuation firm, assisted with the process and estimated a $7.05 to $7.61 per share valuation range with a midpoint of $7.31 per share as of June 30, 2020. CIM, formerly known as Cole Credit Property Trust IV, was launched in January 2012, raising approximately $3 billion in investor capital prior to closing its offering in April 2014. } 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. e.thumbh = e.thumbh===undefined ? #menu-item-1271 { 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 . The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. .menu-item-1122 .dropdown-menu{ Each respective Board of Directors subsequently unanimously approved the entry by its REIT into the merger agreement. CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 e.tabw = e.tabhide>=pw ? REITs are a way to invest in real estate without buying a property outright. The merger agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors. }; CC CMFT equity value assumes a 10.6% premium paid in consideration on all INAV shares outstanding as of 7/31/2021. programs of education, publications, pw = pw===0 || isNaN(pw) ? None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. } 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 . . The information contained on this website is provided solely for informational purposes and is considered attorney advertising. Although the firm will present buyout offers for investors who reach out wanting liquidity, the majority of its business focuses on providing loans with the partnership shares as collateral. margin-top: 25px; #primary-menu .dropdown-menu.show{ https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. display: none !important; var advadsCfpQueue = []; A Real Estate Investment Trust (REIT) is a type of security that invests in real estate through the purchase of properties, loans to property owners and developers, or interests in mortgages. 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. .tribe-events-single-event-title{ @media (max-width: 359px) { CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets Contacts Shareholder Relations ShareholderRelations@cimgroup.com 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. Equity capital raised during offering periods, including DRIP proceeds. e.gw = Array.isArray(e.gw) ? The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. .site-header { 10/17/2022 CIM Real Estate Finance Trust, Inc. Increases Fourth Quarter Dividends by 11%; 12/20/2021 CIM Real Estate Finance Trust, Inc. to Sell Non-Core, Multi-Tenant Retail Properties for More Than $1.32 Billion; 12/16/2021 CIM Real Estate Finance Trust, Inc. 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. 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. Over the years, there have been a number of secondary marketplaces that have launched and failed. The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions. As of June 30, 2020, it was disclosed that the Companys loan portfolio consisted of 143 loans with a net book value of $598.4 million, and investments in real estate-related securities of $16.1 million.. President at Queens' College, Cambridge 5d Report this post Where it becomes a debate is what is a fair discount? says A. Yoni Miller, co-founder of QuickLiquidity, a direct lender for commercial real estate investors that have trapped equity. The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong. 0 : parseInt(e.tabhide); 0 : e.tabw; You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. content: ""; This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. 1) Based on CMFT and INAVs respective most recently published NAVS, published as of 3/31/2021 and 7/31/2021 respectively. So, if youre still on the fence about whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold, you can utilize our expansive and robust screening tools like A+ Investor to help make your decision. margin-right: 5px; Statements that describe future plans and objectives are also forward-looking statements. 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. 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. 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. CIM Real Estate Finance Trust, Inc. . 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. } e.tabw = e.tabw===undefined ? Announces Merger Agreement with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). There are not analysts providing consensus . Access global real estate's most influential events and network. January 18, 2023. Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. It is anticipated that five to seven directors will be recommended for election. The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. 812-14909. At the effective time of the CCIT III . 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 . This communication may be deemed to be solicitation material in respect of the proposed merger of INAV with CMFT. . for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. The Company merged with Cole Office & Industrial REIT, Inc. and Cole Credit Property Trust V, Inc. in December 2020. .et_pb_text_inner h1{ CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. window.innerHeight : window.RSIH; Company Name, Ticker, Suppliers, else.. . Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. e.gh : e.el; NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (), today announced the Company will hold a conference call to review its fourth quarter and full year 2022 financial results on Thursday, February 9, 2023 at 10:00 a.m. Eastern Time.The Company's fourth quarter and full year 2022 financial results will be released after . e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? #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 { Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. } 0 : parseInt(e.tabh); This information should not be relied upon or construed as legal advice. The award ceremony which was held virtually was organised by the Forbes magazine in conjunction with the [] The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCITIII and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December17, 2020. 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. } The DI Wire is the definitive news source for the illiquid alternative investment industry. 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. Stocks, bonds and mutual funds are offered through Manulife Securities Incorporated. Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2021-Q4. Number 8860726. Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. 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 . }; border-top: 3px solid #f98e11; border-bottom: solid 1px #163a64; It's calculated as earnings divided by price. Equity Sales Company, CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs, Alts Week 2022 Presentations & Panel Discussions, Capital Square Reports Record Year: $2.29 Billion in Acquisitions and More Than $1 Billion in Equity Raised in 2022, Bluerock Capital Markets Logs a Record $4+ Billion in Annual Capital Raise in 2022, Up 92% Over 2021s Record Inflows, StratCap Acquires Nearly $20 Million in Digital Infrastructure Assets in December, Phoenix American Announces New Client, Cannabis Fund Sponsor AC Capital Partners, for Fund Administration, Understanding the Terms of the Blackstone REIT Share Repurchase Plan. A number of opportunistic investment groups have been trying to capitalize on the illiquidity within the real estate alts sector with unsolicited mini-tender offers (less than 5%of company shares) to buy shares, often at bargain basement prices. CIM investors who require immediate liquidity through participation in Comrits current tender offer may suffer considerable losses, excluding any distributions to date. Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. The Merger is intended to qualify as a "reorganization" under, and within the meaning of, Section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code"). When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. 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.