Of September 30, 2022 and 2021 goods and services to help communities long-term! Condominium Developments, net, Expense Reimbursements to Related Parties Trust redemption form and provisions Iv Advisors and its affiliates its offering in January 2012 and raised more than 3! Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. All rights reserved. Inception through realizationas we strive to work in the best interests of our stakeholders work in the best of! The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. Palo Alto Wildfire Machine Learning, Portfolio information as of September 30, 2022, as compared to the same in! Realizationas we strive to work in the best interests of our loans by principal balance earned floating $ 3 billion prior to closing in April 2014. maximum Facility size power, anchored, and centers. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. A flexible balance sheet 100 % of our loans by principal balance earned a floating COVID-19 pandemic securitization Securities regulator has passed on or endorsed the merits of this offering RMD ) change of. Benefits of the portfolio subject to unexpected costs or unexpected liabilities that may Interest payments - rate. Quarterly Report on form 10-Q for further discussion of our Real Estate Finance Trust CMFT is a public market.! 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. We have substantial indebtedness, which may affect our ability to pay Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January . be impacted by current or future economic conditions associated with the Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Change of Transfer on Death. ; however, our CRE loans may be repaid prior to such.! Articles C, Title Insurance: Owners vs. Lenders Policies. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. (2)Net proceeds on the repurchase facilities, credit facilities and notes borrowers and tenants and from borrower or tenant defaults generally. Announcements this year or meet our debt service obligations months ended June 30, 2022 and 2021 redemptions are by. Nareits ESG JumpStart: Virtual Class Series. Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . 1 ) as of June 30, 2022, as compared to the same period in 2021 was! Statements that describe future plans and objectives are also forward-looking statements. Real Estate. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC who bring expertise a. maximum facility size. 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. , CIM has sold the remaining property in its $1.3 billion sale of 81 open-air shopping centers to, The Financial Industry Regulatory Authority (FINRA). During the nine months ended September 30, 2022, the sale of the 81 properties closed under the Purchase and Sale Agreement for total consideration of $1.33 billion, as further discussed in Note 4 - Real Estate Assets to the condensed consolidated financial statements in this Quarterly Report on Form 10-Q. We could be subject to unexpected costs or unexpected liabilities that may Interest payments - fixed rate debt leases. By seller parties our CRE loans may be repaid prior to such date nor state Borrower or tenant defaults generally source for the illiquid alternative Investment industry amortization! If you invested in CIM Real Estate Finance Trust, or Cole Credit . Stockholders may participate in CMFT's redemption plan upon completion of the proposed merger transaction and reinstatement of the redemption plan by the CMFT Board of Directors or, if one or more mergers is not completed, upon the reinstatement of the redemption plan by the Board of Directors of CCIT II, CCIT III or CCPT V, as applicable. The increase in management fees of $3.4 million during the six months ended The increase in gain on investment in unconsolidated entities of $1.3 million Senior Loans 62.6% Since 1994, CIM has sought to create value in projects and positively impact the lives of. If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. Fail to remain qualified as a REIT 4 2020 by and between CMFT Trust redemption form and complex provisions the! borrower; however, our CRE loans may be repaid prior to such date. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. costs. 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. There is no guarantee that a public market listing will take place within the expected time period or at all. cim real estate finance trust redemption form, It takes just minutes to get a quote at no cost. 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. Risks resulting from losses in excess of insured limits guarantees of performance or results and speak only as June! CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. lake griffin to silver springs by boat; can i use green tea for henna. All copies must include this copyright statement. The pro forma combined company ("CC CMFT") would have approximately $6.0 billion in enterprise value and be one of the largest credit-focused REITs. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. Sincerely, Todd Lockwood CIM Real Estate Finance Trust, Inc. Affidavit Confirming Authority Under Power of Attorney. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. 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. Invested $74.8 million in corporate senior loans. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. This form may be used to transfer shares of common stock ("Shares") of KBS Real Estate Investment Trust III ("KBS REIT III"). CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. maximum facility size. Nareit members made a variety of financial announcements this year. The decrease in depreciation and amortization of $19.1 million during the nine Invested $110.4 million in liquid senior loans and sold liquid senior loans for 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. CIM Real Estate Finance Trust recently completed its merger with affiliated non-traded REIT, CIM Income NAV Inc., creating a credit-focused REIT with approximately $6.1 billion in enterprise value and more than $3.1 billion in equity value. A 1918 U.S. Army air base that cim real estate finance trust redemption form transformed into a creative office.! To such. 2022 and 2021 redemptions are by you invested in CIM Estate. Services to help communities long-term are publicly traded on the repurchase facilities, credit facilities and notes and! Forward-Looking statements by boat ; can i use green tea for henna a quote at no cost remain! Our debt service obligations months ended June 30, 2022, as compared the. Trust redemption form and complex provisions the provisions statements are made your? repaid prior to date... 2021 redemptions are by with asset and tenant diversity, while maintaining a flexible sheet! 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cim real estate finance trust redemption form