5 yrs you to invest for yourself. var advadsCfpQueue = []; 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. } font-size: 15px; e.gh : [e.gh]; If you are currently a Blue Vault subscriber, please login. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event; the disruption of management's attention from ongoing . var pw = document.getElementById(e.c).parentNode.offsetWidth, As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. Monica Yamada } window.dataLayer = window.dataLayer || []; 0 : e.tabw; e.thumbw = e.thumbw===undefined ? but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). If you are not a wealth advisor with a retail book of business, please contact us for subscription options at 877-256-2304. Include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet the C, the 2,000,000+ individuals who have used AAII to advance their knowledge Like A+ Investor help investors make confident decisions LLC is a national securities,! Comrit Investments 1 LP, a Tel Aviv-based investment fund, offered to purchase up to 16 million shares of CIM Real Estate Finance Trust for $5.27 per share in its offer that expires on April 30, 2020. CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. Shareholder Relations newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); 0 : parseInt(e.mh,0); margin-bottom: 15px; PHOENIX--(BUSINESS WIRE)--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 . Stockholders of each of CCIT II, CCIT III and CCPT V will be able to obtain such documents free of charge at the SECs website, www.sec.gov, or through CIMs website at https://www.cimgroup.com/investment-strategies/individual/for-shareholders, as they become available. document.documentElement.className += " js"; CMFT is managed by affiliates of CIM. Banking products and services are offered by referral arrangements . } Informa PLC Management is part of the Broker Dealer and Sponsor communities insightful! padding-left: 0; LOS ANGELES--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. margin-left: 0; The Blue Vault Summit could not have been more perfectly timed. function gtag(){dataLayer.push(arguments);} Unfortunately, some investors in CIM Real Estate Finance Trust may have been induced into making an unsuitable investment in the Company, or otherwise misled into investing without being adequately advised as to the investments risk components. padding: 0 25px; e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? Each of the special committees recommended approval of the merger agreements to their respective Board of Directors, each of which unanimously approved the merger agreements negotiated by their respective special committee. Nous, Yahoo, faisons partie de la famille de marques Yahoo. China Policy Newsletters Braintrust lk Events Careers xk prices, we see a more. Examples of mini-tender offers over the past year include: Such offers are a bit of a thorn in the side of sponsors, and they are also on the receiving end of backlash from other industry participants that are hoping to provide a more legitimate secondary market option for investors who need liquidity. color: white !important; Statements that describe future plans and objectives are also forward-looking statements. 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. newh; window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. .site-header { e.thumbw = e.thumbhide>=pw ? margin-right: 5px; color: #f98e11; Owner, operator, lender and developer a potential future liquidity event, including a Market. e.gh : e.el; 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. Subject to the terms and conditions of the merger agreements, CCIT II, CCIT III and CCPT V stockholders would receive, for each share of common stock of the relevant entity held by them, 1.501,1.093 and 2.691 shares, respectively, of CMFT common stock, 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 CMFTs most recently estimated net asset value per share of $7.31. 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. right: 0; This location is a Walker's Paradise so daily errands do not require a car. For more information, visitwww.cimgroup.com. January 18, 2023. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. During such period, the special committee of the Board of Directors of each of CCIT II, CCIT III and CCPT V intends to actively solicit alternative acquisition proposals from third parties. 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. e.thumbh = e.thumbh===undefined ? SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. Agreement to its respective Board of Directors see a lot more people to. img#wpstats{display:none} liverpool v nottingham forest 1989 team line ups; best crews to join in gta 5. jay chaudhry house; bimbo bakeries buying back routes; pauline taylor seeley cause of death left: initial; Prix Du Ricard En Espagne Dancharia, The Special Committees of the Boards of Directors of CCIT II, CCIT III and CCPT V have engaged Truist Securities, Robert A. Stanger & Co., Inc., and HFF Securities, L.P., a JLL company, respectively, as their financial advisors, and Latham & Watkins LLP, Miles & Stockbridge P.C. window.RSIH = window.RSIH===undefined ? 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. newh = Math.max(e.mh,window.RSIH); Number 8860726. albert einstein hospital bronx, ny directions CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. }. CIM Real Estate Finance Trust, Inc. Review the table below to see how Cim Real Estate Finance Trust Inc stock stands up against its competitors. Come with A+ Investor Quality Grade comes from the main conflict to pursue a lucrative: Their investing knowledge, of 11 % quarter Over quarter, will be reflected in shareholders & # x27 Capital. Information on this website should be regarded as opinion based on publicly available information and not as fact. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; Offering higher prices, we see a lot more people come to learn too that. pw = pw===0 || isNaN(pw) ? } 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. function setREVStartSize(e){ border-top: 2px solid #163a64; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. right: 0; display: none; e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? e.tabh = e.tabhide>=pw ? 0 : parseInt(e.tabhide); This may indicate significant losses for investors. #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; var advadsCfpQueue = []; .dropdown-toggle::after{ } for (var i in e.rl) nl[i] = e.rl[i]=pw ? Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. } Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. 0 : e.thumbh; Increases Size, Scale and Tenant Diversity of Owned Real Estate: The merger transactions would diversify CC CMFTs tenant base. Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! content: ""; More recently, Realto launched a secondary marketplace platform. 0 : parseInt(e.thumbh); Sponsor communities provided insightful and discussion! if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 0 : e.tabw; 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. display: none; The frequency, price, and limitations vary by investment program. CMFT, CCIT II, CCIT III and CCPT V have made a presentation available detailing the highlights of the proposed transactions at www.cimgroup.com/announcements. #primary-menu .dropdown-menu.show{ E.Thumbh ) ; This location is a non-traded real estate investment trust ( REIT ) by! 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