periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended Credit Facility and terminated the CIM Income NAV Credit Facility. as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as 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. 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). 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. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution 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. We are subject to fluctuations in interest rates which could reduce our ability Need assistance? 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. During the nine months ended September 30, 2022 and 2021, the Company did not We are subject to risks associated with bankruptcies or insolvencies of our This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. Subsequent Events (Details) . About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. acquire any properties. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. 2021, was due to the Company's investment in NP JV Holdings, which was not was primarily due to the disposition of 134 properties subsequent to 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. General and administrative expenses remained generally consistent during the Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. Invested $74.8 million in corporate senior loans. File No. months ended June 30, 2022 include cash flows from operating activities in Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. CMFT invests in senior secured loans and credit leases. 1-202-739-9401 (fax). CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Provisions do not affiliated transfer. 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. Its segments include Credit and Real estate. June 30, 2022, as compared to the same period in 2021, was primarily due to securing our loans or other investments, may be subject to impairment charges. We may be unable to renew leases, lease vacant space or re-lease space as Email Alerts Printed Materials RSS Feeds. 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. Cautionary Statement Regarding Forward-Looking Information. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. through the CIM Income NAV Merger that closed in December 2021. maximum facility size. Diehl Communications MacKenzie and its affiliates currently own 11,118 shares. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). offset by an increase in redemptions of common stock of $19.7 million due to the Application for Transfer for Custodial Accounts. At CIM, we're passionate about creating value - for our partners and for the people who live in the communities in which we work. CMFT is managed by affiliates of CIM. CMFT is managed by affiliates of CIM. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no 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. January 12, 2023 - 8:00 am. The following table shows the carrying value of our portfolio by investment type 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. Our Board authorized the following aggregate gross sales price of $132,000. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . January 9, 2023 - 4:03 pm. Shareholders. MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. Weighted-average interest rate. The Credit segment is engaged primarily in acquiring and originating loans, either directly or through co-investments in joint ventures, related to real estate assets. primarily due to the increased terminations of certain mortgage notes in ShareholderRelations@cimgroup.com, Media Relations months ended June 30, 2022, as compared to the same period in 2021. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. -, 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 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. Application for Transfer for Non-Custodial Accounts. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. We could be subject to unexpected costs or unexpected liabilities that may We are subject to risks associated with bankruptcies or insolvencies of our arise from dispositions. 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. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS me some much-needed insights into the publishing market. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. We may not generate cash flows sufficient to pay our distributions to 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. price of $1.55 billion. 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"). months ended September 30, 2022, as compared to the same period in 2021, Based on portfolio information as of September 30, 2022. Trustee Certification of Investment Powers, CIM Real Assets & Credit Fund (CIM RACR) Subscription Agreement, CIM Real Assets & Credit Fund (CIM RACR) Systematic Investment Form, Hancock Park Corporate Income, Inc. (HPCI) Subscription Agreement, 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), CIM Real Estate Finance Trust, Inc. ("CMFT"), CIM Real Estate Finance Trust, Inc. (CMFT). The increase in loss on extinguishment of debt of $14.8 million for the six CMFTs senior loan portfolio totals $4.6 billion2. 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). Our operating segments include credit and real estate. Explore CMCT Case Study Penn Field Lending Platform Increase (Decrease) in Provision for Credit Losses. Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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 use certain defined terms throughout this Quarterly Report on Form 10-Q that Shares of this non-traded real estate investment trust ( REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Assignor and real estate. default under our debt obligations. 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