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. President at Queens' College, Cambridge 5 } var advadsCfpAd = function( adID ){ Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. This allows investors to access liquidity without selling at a discount, notes Miller. Information regarding the directors, executive officers and external advisors of INAV and CMFT is contained in the Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC by each entity on March 31, 2021, as amended by INAV on April 19, 2021 and as amended by CMFT on April 27, 2021. As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. img#wpstats{display:none} 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. Suspended: The investment program has suspended its share repurchase or tender program. To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. function gtag(){dataLayer.push(arguments);} e.tabw = e.tabw===undefined ? 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. Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2021-Q4. console.log("Failure at Presize of Slider:" + e) President at Queens' College, Cambridge 5d Report this post 0 : parseInt(e.thumbhide); As a non-traded REIT, CIM is an illiquid investment product, meaning that shares cannot readily be sold on a national securities exchange. For immediate release. build their investment wealth through Estate Planning 101 . 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. Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. What are trust services? The DI Wire is the definitive news source for the illiquid alternative investment industry. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. CIM Real Estate Finance Trust has investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. At the effective time of the CCIT III . 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. if(e.layout==="fullscreen" || e.l==="fullscreen") ix = 0, There are not analysts providing consensus . @media (max-width: 359px) { } Shares were initially offered at $10 per share. //}); Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 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. 0 : parseInt(e.tabw); 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. 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 . 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 . color: #093463; 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. Registered in England and Wales. Prior results do not guarantee similar outcomes. Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. Information on this website should be regarded as opinion based on publicly available information and not as fact. for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Year-over-year quarterly sales growth most recently was 21.3%. }; } 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. 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. 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. Access global real estate's most influential events and network. Each respective Board of Directors subsequently unanimously approved the entry by its REIT into the merger agreement. The merger transactions could also better position it for a future liquidity event, including a public listing. var nl = new Array(e.rl.length), . CIM Real Estate Finance Trust, Inc. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. The attorneys at Giarrusso Law Group LLC have considerable experience in handling claims on behalf of investors in non-traded REITs such as CIM Real Estate Finance Trust, Inc., as well as other complex and illiquid financial products. CIM Real Estate Finance Trust, Inc. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Founded as the Taverners Trust and initially managed by Aberdeen Asset Management, the trust became the Midas Income & Growth Trust in August 2005. else{ display: block; .et_pb_text_inner h1:before{ 0 : e.thumbh; Go Back. #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; e.tabh = e.tabhide>=pw ? Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Statements that describe future plans and objectives are also forward-looking statements. 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. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. 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. Unfortunately, redeeming shares with the sponsor often presents logistical hurdles, including only being able to redeem a set percentage of shares at predetermined intervals (for example, quarterly), thus impacting liquidity. In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. 0 : parseInt(e.tabh); window.RSIW = window.RSIW===undefined ? 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. try { This may indicate significant losses for investors. Cim Real Estate Finance Trust Incs trailing 12-month revenue is $408.0 million with a 28.7% profit margin. 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. Alternative options to generate liquidity may include selling shares on a limited and fragmented secondary market, or responding to a tender offer such as Comrits recent Liquidation Opportunity, options which nearly always entail disadvantageous pricing for the investor. This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other documents that will be made available to the stockholders of INAV. margin-top: 25px; Contacting us does not guarantee that the firm will undertake representation of you. Each of the Cole Office & Industrial REITs hold investments in office and industrial net lease assets. It believes that there is significant latent value within SIGT's portfolio, and due to wide disparities in the market, there are . 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 arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. background-color: transparent; html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { Except as required by law, none of CMFT, CCIT III or CCPT V undertakes any obligation to update or revise any forward-looking statement in this communication, whether to reflect new information, future events, changes in assumptions or circumstances or otherwise. INAV is a public, non-traded corporation that has elected to be taxed and currently qualifies as a REIT. gtag('config', 'G-7K1TNEL3NK'); Wealth Management is part of the Informa Connect Division of Informa PLC. Specifically, the Quality Grade is the percentile rank of the composite return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and FScore. CIMs board recently announced a post-merger net asset value (NAV) of $7.20 per share for the Companys common stock, valued as of March 31, 2021. 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. The Earnings Estimate Revisions Grade takes into account the magnitude of a companys earnings surprise in its last two reported fiscal quarters. window.dataLayer = window.dataLayer || []; left: initial; In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. /*font-weight: bold;*/ 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. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; Cim Real Estate Finance Trust 's Dividends. These conversations are paramount, especially in a time of significant regulatory change. text-transform: uppercase; Since inception in 1978, the nonprofit CIM Real Estate Finance Trust Inc. on Dec. 21 finalized its stock-for-stock mergers with Cole Office & Industrial REIT (CCIT III) Inc., or CCIT III, and Cole Credit Property Trust V Inc., or CCPT V. All three nontraded real estate investment trusts are managed by CIM Group LLC affiliates. 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 tender offer expires on March 7th. The pro forma combined . The portfolio . e.thumbh = e.thumbh===undefined ? Some of the crowdfunding sites, such as Cadre, also have a secondary market for investors. 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. */ In some instances, retail investors may have been solicited to invest by their financial advisor without being fully informed of the Companys risky and complex nature. Learn More, 2023 American Association of Individual Investors. January 18, 2023. . de C.V. (the "Company") (f/k/a Mexarrend, S.A.P.I. } padding-bottom: 10px; . Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules.
2022-11-07