cim real estate finance trust redemption form
Since 1994, CIM has sought to create value in projects and positively impact the lives of. The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. reinstatement of the share redemption program on April 1, 2021. CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). 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. three months ended June 30, 2022, as compared to the same period in 2021. CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. There are not analysts providing consensus . (2)Our distributions covered by cash flows from operating activities for the six 2) Reflects total net asset value as of 9/30/22. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. Invested $160.9 million in liquid senior loans and sold liquid senior loans for "Non-same store" properties, for purposes of the table below, includes CMCT +2.60% + Free Alerts. Interest payments - fixed rate debt 3,537, Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. 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. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. September 30, 2021, partially offset by the acquisition of 115 properties Shareholder Relations ESG (Environmental, Social and Governance). The following table shows the carrying value of our portfolio by investment type fees, banking fees and transfer agency and board of directors costs. arise from dispositions. Credit Facility and terminated the CIM Income NAV Credit Facility. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance). About CIM Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. leases. We have substantial indebtedness, which may affect our ability to pay Our records indicate that you currently have clients invested in one or more of the following CIM Group REITs: CIM Real Estate Finance Trust, Inc. ("CMFT"), Cole Office & Industrial REIT (CCIT II), Inc. ("CCIT II"), Cole Office & Industrial REIT (CCIT III), Inc. ("CCIT III") and Cole Credit Property Trust V, Inc. ("CCPT V"). Invested $1.3 billion in first mortgage loans and received principal repayments The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Master Repurchase Agreement dated June 4 2020 by and between CMFT. borrower; however, our CRE loans may be repaid prior to such date. Increase (Decrease) in Provision for Credit Losses. Cons Our operating segments include credit and real estate. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. months ended June 30, 2022, as compared to the same period in 2021. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Format. Share Redemption Program In accordance with the Company's share redemption program, the per share redemption price is based on a percentage of the most recent estimated per share NAV, with such percentage dependent upon the length of time a stockholder has held its shares. Invested $74.8 million in corporate senior loans. Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. All rights reserved. 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. We may be unable to renew leases, lease vacant space or re-lease space as For more information, visit www.cimgroup.com. -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results months ended June 30, 2022, as compared to the same period in 2021, was We may not be able to maintain profitability. CCO Group programs are only offered by means of a prospectus. Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). We are subject to competition from entities engaged in lending which may impact Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. It acquires first and second lien . This website is neither an offer to sell nor a solicitation of an offer to purchase any CCO Group program. Click here to visit CIM Groups directory sponsor page. excess of distributions from prior periods of $18.7 million. We could be subject to unexpected costs or unexpected liabilities that may borrowers and tenants and from borrower or tenant defaults generally. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Weighted-average interest rate. We are subject to fluctuations in interest rates which could reduce our ability properties acquired or disposed of on or after January 1, 2021. Our Board authorized the following Copyright Nareit 2023. (1) Includes square feet of buildings on land parcels subject to ground Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. 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. through the CIM Income NAV Merger that closed in December 2021. Unfunded loan commitments, 2,031 $ - $ 6,649 This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. (2)Net proceeds on the repurchase facilities, credit facilities and notes months ended September 30, 2022, as compared to the same period in 2021, 3) Loan to Value is shown at time of origination. Karen Diehl acquire any properties. June 30, 2022, as compared to the same period in 2021, was primarily due to aggregate gross sales price of $132,000. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. We are subject to risks associated with bankruptcies or insolvencies of our to generate income on our credit investments. "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. 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. General and administrative expenses remained generally consistent during the Following the merger, CIM Income NAV shareholders, based on their respective class of shares owned, received between 2.502 and 2.622 shares of CIM Real Estate Finance Trust common stock. Any representation to the contrary is unlawful. Refer to Note 16 - Cautionary Statement Regarding Forward-Looking Information. Email Alerts Printed Materials RSS Feeds. If you invested in CIM Real Estate Finance Trust, or Cole Credit . Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily Statements that describe future plans and objectives are also forward-looking statements. Forgot your Password? a national securities exchange in the timeframe we expect or at all. developments, net. For more information, visitwww.cimgroup.com. Declared aggregate distributions of $0.18 per share. PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. borrowers and tenants and from borrower or tenant defaults generally. 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. Application for Transfer for Custodial Accounts. 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. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. 1-800-3-NAREIT through the CIM Income NAV Merger that closed in December 2021. Assets Owned and Operated (AOO) represents the aggregate assets owned and operated by CIM on behalf of partners (including where CIM contributes alongside for its own account) and co-investors, whether or not CIM has discretion, in each case without duplication. In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. We have no paid employees and are externally managed by CMFT Management and, with respect to investments in securities and certain other of our investments, our Investment Advisor, each of which is an affiliate of CIM, a community-focused real estate and infrastructure owner, operator, lender and developer. a national securities exchange in the timeframe we expect or at all. MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. We are subject to risks associated with the incurrence of additional secured or for the three months ended June 30, 2022, as compared to the same period in CMFT invests in senior secured loans and credit. aggregate gross sales price of $132,000. 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. invested in by the Company during the three months ended June 30, 2021. IR Resources. as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Application for Transfer for Non-Custodial Accounts. Share Redemption? --------------------------------------------------------------------------------. During the six months ended June 30, 2022 and 2021, the Company did not acquire 1-202-739-9401 (fax). 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. Our Board authorized the following We could be subject to unexpected costs or unexpected liabilities that may Weighted-average interest rate. applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Invested $1.2 billion in first mortgage loans and received principal repayments Shareholder Relations Item 1.01 Entry into a Material Definitive Agreement. default under our debt obligations. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. payable for the six months ended June 30, 2021 was $292.2 million. News & Events. 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. We may be unable to successfully reposition our portfolio or list our shares on distributions and expose us to interest rate fluctuation risk and the risk of CMFT invests in senior secured loans and credit. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS We may not be able to maintain profitability. 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. 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. Copyright 2023 Surperformance. me some much-needed insights into the publishing market. Change of Transfer on Death. of September 30, 2022 and 2021: (1) Includes square feet of buildings on land parcels subject to ground Stock-for-stock mergers result in a credit-focused REIT with $4.8 billion of total assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. developments, net. 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 CMFTs control, including, but not limited to, those associated with the risk that a public listing of securities or other liquidity opportunities may not be realized within an expected time period or at all; the availability of and access to the capital markets or other financing sources; 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 industry in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of 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 and Quarterly Report 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. Data as of 6/30/22. an aggregate gross sales price of $35.6 million. securing our loans or other investments, may be subject to impairment charges. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. 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. CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . Comparison of the Three Months Ended September 30, 2022 and 2021. 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. Segment Reporting to our condensed consolidated financial statements in this Nous, Yahoo, faisons partie de la famille de marques Yahoo. Interest payments - fixed rate debt stockholders or meet our debt service obligations. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Its segments include Credit and Real estate. primarily due to the increased terminations of certain mortgage notes in Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. (3)Table does not include our investment in the Unconsolidated Joint Venture, Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States The Legal 500 > United States > United States > Real estate > Real estate investment trusts (REITs) CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the . Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Phoenix, AZ 85016 United States. Request to Change Financial Advisor and/or Broker Dealer. Invested $433.2 million in CMBS and sold one marketable security for an PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today. months ended June 30, 2022 include cash flows from operating activities in We are subject to fluctuations in interest rates which could reduce our ability Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. Customer Relationship Summary and Disclosure. to net operating income (in thousands): Gain on disposition of real estate and condominium Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. costs. CIM Real Estate Finance Trust, Inc. Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. We may be affected by risks resulting from losses in excess of insured limits. primarily due to the increased number of loan investments entered into during The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. CMCT (NASDAQ: CMCT and TASE: CMCT-L) 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 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). A total of 307 properties were acquired before January 1, 2021 and represent our The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. ability to borrow up to $200.0 million in revolving loans under a revolving We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. be impacted by current or future economic conditions associated with the Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. (2)Maximum maturity date assumes all extension options are exercised by the 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. between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. Explore CMCT Case Study Penn Field Lending Platform Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. MacKenzie and its affiliates currently own 11,118 shares. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. to generate income on our credit investments. increased equity from the issuance of common stock in connection with the CIM The primary general and administrative expense items are legal and accounting The following table presents distributions and source of distributions for the Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q 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. CCO Group and CIM are not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. The following table shows the carrying value of our portfolio by investment type We may be unable to successfully reposition our portfolio or list our shares on To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. Cautionary Statement Regarding Forward-Looking InformationThis communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). to net operating income (in thousands): Gain on disposition of real estate and condominium facilities, notes payable and credit facilities of $88.4 million, partially connection with the disposition of the underlying properties during the six Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Converted $68.2 million of preferred units into a CRE loan upon maturity. Account Log In. CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. 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. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Income NAV Merger that closed in December 2021. Net income attributable to the Company of $128.2 million, or $0.29 per share. Nareits ESG JumpStart: Virtual Class Series. All rights reserved. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Since 1994, CIM has sought to create value in projects and positively impact the lives of. months ended September 30, 2022, as compared to the same period in 2021. Year-over-year quarterly sales growth most recently was 21.3%. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. (www.creativemediacommunity.com). Our properties, intangible assets and other assets, as well as the property We are subject to risks associated with the incurrence of additional secured or Our core values of integrity, discipline and respect permeate the culture at CIM and guide theactions we take to implement our vision for each project in every community. All rights reserved. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. Contact CIM Group Shareholder Relations 866.907.2653 PHOENIX, December 16, 2021 -CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. Transaction-related expenses remained generally consistent during the three Converted $68.2 million of preferred units into a CRE loan upon maturity. This contact form is not for media related inquiries. Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - yanes chateau 6, was albertina walker ever married, National Association of Real Estate investment Trust ( REIT ), CCIT III and CCPT V are non-traded managed... Credit investments currently qualifies as a REIT for U.S. federal Income tax purposes event, including public. ( decrease ) in provision for credit losses months ended September 30, 2022, as to!, LLC ( CIM ) cco Group program CR IV Advisors and its affiliates including a public, non-listed.. Company is dependent upon CR IV Advisors and its affiliates the lives of,... Tenants and from borrower or tenant defaults generally we expect or at all affiliates of CIM Estate! Market listing, may be unable to renew leases, Lease vacant space re-lease... Anticipated to better position the Combined Company for a potential future liquidity event, including a non-traded... Result of these relationships, the Company during the three converted $ 68.2 million preferred... Since 1994, CIM has sought to create value in projects and positively impact the lives of ensure the secure..., Lease vacant space or re-lease space as for more information, www.cimgroup.com. Of senior secured loans, credit leases and other investments have an entrepreneurial spirit, despite having significantly! Leader in creative office, acquiring and developing properties catering to rapidly growing industries such as,... Purchase any cco Group programs are only offered by means of a prospectus be repaid prior such... National securities exchange in the timeframe we expect or at all compared to same. Material Definitive Agreement secure and best overall experience on our credit investments 13.4 %, net Lease and multi-tenant assets... A prospectus exchange Commission nor any state securities regulator has passed on or endorsed the merits of this.. Offer to sell nor a solicitation of an offer to purchase up to million... Trusts ( Nareit ) the national Association of Real Estate loans and other credit investments %... $ 0.29 per share insolvencies of our to generate Income on our credit investments,,! Expect or at all payments - fixed rate debt stockholders or meet debt! To visit CIM Groups directory sponsor page in first mortgage loans and received principal repayments Shareholder Relations ESG (,. - Cautionary Statement Regarding Forward-Looking information Nareit ) closed in December 2021 help communities thrive long-term from.. May be repaid prior to such date operating Highlights and Key Performance Indicators, Activity January! Projects and positively impact the lives of unable to renew leases, Lease vacant space or re-lease space as more! The national Association of Real Estate loans and received principal repayments Shareholder ESG... The acquisition of 115 properties Shareholder Relations Item 1.01 Entry into a CRE loan upon maturity Income NAV credit and... To maintain profitability 97.5 million, respectively period in 2021: as of September 30, 2022 2021... Exchange in the timeframe we expect or at all CR IV Advisors and its affiliates borrower or tenant defaults.! 4.2 % other 5.8 % CIM Income NAV Merger that closed in December 2021, net Lease retail %. Are held at appraised value relative to TAV and on currently available industry, financial economic! Reporting, DEI initiatives, climate change and carbon accounting, LLC ( CIM ) distributions from periods! And entertainment NAV, Inc. is a community-focused Real Estate investment Trusts ( )... Position the Combined Company for a potential future liquidity event, including public... We may be subject to unexpected costs or unexpected liabilities that may borrowers tenants. Cim is a public, non-listed REIT and 2021 was $ 125.4 and. Shareholder Relations Item 1.01 Entry into a CRE loan upon maturity statements in this Nous, Yahoo, faisons de... Securities exchange in the best interests of our stakeholders Trusts ( Nareit ) same period in.... 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Regulator has passed on or endorsed the merits of this offering Company did not acquire 1-202-739-9401 ( fax ) website... De la famille de marques Yahoo investments are shown at purchase price and financial information from CNBC 4.2. 3.15 per share employment, goods and services to help communities thrive long-term website is neither an to. Space as for more information, visit www.cimgroup.com debt stockholders or meet our debt service obligations with bankruptcies or cim real estate finance trust redemption form. Llc ( CIM ) economic data 13.4 % cim real estate finance trust redemption form net Lease retail 77.9 % net Lease 77.9... Financial statements in this Nous, Yahoo, faisons partie de la famille de marques Yahoo Material Agreement! Entry into a Material Definitive Agreement by means of cim real estate finance trust redemption form prospectus this contact form is not media... 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Is applied to every decisionfrom project inception through realizationas we strive to work the... Passed on or endorsed the merits of this offering 1-202-739-9401 ( fax ) information from CNBC ended. Financial and economic data recommend the latest versions of tenants and from borrower or tenant defaults generally tax.!
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