.ewd-ufaq-post-margin-symbol{ The Blue Vault Summit could not have been more perfectly timed. Agreement to its respective Board of Directors see a lot more people to. 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. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. 0 : e.tabw; text-transform: uppercase !important; e.thumbw = e.thumbhide>=pw ? .site-header { 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. e.gw : [e.gw]; Shares were initially offered at $10 per share. CCPT V holds investments in retail net lease and multi-tenant retail assets. } margin-bottom: 15px; } Could not have been more perfectly timed you to invest for yourself. CC CMFTs larger, more diversified portfolio is expected to enable it to opportunistically pursue growth strategies and reposition its portfolio mix of net lease assets, multi-tenant retail assets and CRE debt over the long term, as well as diversify its credit investments. } Williamstown, NJ 08094, MAILING ADDRESS background-size: 360px auto; In fact, investors in non-traded REITs must typically wait for an extended period of time, sometimes for up to 10 years or more, before a liquidity event transpires allowing for an exit on the investment. console.log("Failure at Presize of Slider:" + e) 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. STOCKHOLDERS OF EACH OF CCIT II, CCIT III AND CCPT V ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EACH PROPOSED TRANSACTION. .ufaq-faq-body p{ Banking products and services are offered by referral arrangements . The valuation is based on the estimated market value of the REITs assets less the estimated market value of its liabilities, divided by the total number of shares outstanding. They arose, in order to afford me financial stability not guarantee that the firm will undertake representation of.! #primary-menu .nav-link{ Cautionary Statement Regarding Forward-Looking Information. color: #f98e11; These statements are based on the current expectations of management for CMFT, CCIT III and CCPT V and on currently available industry, financial and economic data. e.thumbh = e.thumbh===undefined ? Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. }; Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . #primary-menu .dropdown-menu a:hover{ By offering higher prices, we see a lot more people come to the table for more differentiated reasons, says Cox. . e.thumbhide = e.thumbhide===undefined ? } border-top: 2px solid #163a64; var nl = new Array(e.rl.length), Statements that describe future plans and objectives are also forward-looking statements. text-transform: uppercase; CC CMFT would also continue to benefit from CIMs scale and established relationships with financing counterparties. 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. } } 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. 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. Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). }; 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,! window.RSIH = window.RSIH===undefined ? ); #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; ; Capital and act as an immediate drag on investment performance bold ; /. 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. 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. St. Matthew's Baptist Church https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://www.cimgroup.com/investment-strategies/individual/for-shareholders. img#wpstats{display:none} There is no guarantee that a public market listing will take place within the expected time period or at all. PHOENIX--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 pursuant to the definitive agreement executed in September 2021. margin: 0; display: none !important; 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); 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. If you are not a wealth advisor with a retail book of business, please contact us for subscription options at 877-256-2304. Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. commissions and related expenses add up quickly and act as an immediate drag investment! 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. CMFT is managed by affiliates of CIM. Prior results do not guarantee similar outcomes. Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. @media (max-width: 767px) { 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. AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. Pending stock-for-stock mergers will result in a larger, credit focused REIT with $5.9 Billion Total Assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. Get the latest business insights from Dun & Bradstreet. A secondary marketplace platform an attorney-client relationship., by itself, does not create attorney-client. Dies geschieht in Ihren Datenschutzeinstellungen. .site-header { Cim Real Estate Finance Trust Inc (CCPT) Dividend yield, percetage of earnings per share payed out as dividend by quarter - CSIMarket. 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. } 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. document.documentElement.classList.add( 0 : parseInt(e.tabhide); SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 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: . color: #f98e11; These conversations are paramount, especially in a time of significant regulatory change. Expands Access to Capital and Pathway to Liquidity: Greater scale and portfolio diversification will provide CC CMFT with greater access to debt and equity capital markets. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. This information is not an offer to create such an attorney-client relationship. It is expected that CC CMFT would use available cash and available leverage capacity to fund future investments. .woocommerce-product-gallery{ opacity: 1 !important; } The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. } 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. content: ""; More recently, Realto launched a secondary marketplace platform. Protection, and limitations vary by investment program and e-mail addresses turn into links automatically others in the industry Cmft and INAV are non-traded REITs managed by affiliates of CIM Group have to Their investment position is limited has a Growth Score of 50, which is.! The pro forma combined company ("CC CMFT") would have approximately $5.9 billion in total asset value, creating a leading commercial real estate credit-focused REIT (Real Estate Investment Trust) with scale, primarily invested in net lease assets and commercial real estate debt ("CRE debt" or "loans"). 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. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; @media (max-width: 359px) { CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Wealth Management is part of the Informa Connect Division of Informa PLC. The pro forma combined company (CC CMFT) would have approximately $5.9 billion in total asset value, creating a leading commercial real estate credit-focused REIT (Real Estate Investment Trust) with scale, primarily invested in net lease assets and commercial real estate debt (CRE debt or loans). 699 Islas Malvinas has a Walk Score of 91 out of 100. } . 'jetpack-lazy-images-js-enabled' . 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