Digital Media Kit; . } While in some cases non-traded REIT investors can redeem their shares directly with the investment sponsor, such redemption opportunities may be limited to a percentage of shares held, and in some instances, such redemption programs can be altogether suspended by the sponsor. When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. display: none; CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 . line-height: 31px; newh; 0 : parseInt(e.thumbhide); 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 andCo-Founderof CIM Group. Registered in England and Wales. Most private REITs cost much more than mutual funds. Seneca Global Income & Growth Trust (SIGT) has a multi-asset investment strategy, with an overriding focus on value. In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. . REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . background-color: transparent; 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. June 16, 2022. Theme Real Estate. Here, well take a closer look at Cim Real Estate Finance Trust Incs stock grades for value, growth and quality. 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 . Suspended: The investment program has suspended its share repurchase or tender program. However, there is a bigger ecosystem that is being built to facilitate liquidity in a very illiquid marketplace, he adds. Company Name, Ticker, Suppliers, else.. . background-size: 1600px auto; SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 'jetpack-lazy-images-js-enabled' padding: 15px 20px !important; }; 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. 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. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor. 0 : parseInt(e.tabhide); To help individual investors decide whether or not to buy (CMRF) stock, AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way that is suitable for investors of all knowledge levels. AAIIs proprietary stock grades come with A+ Investor. However, you should decide whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold based on a combination of grades, metrics, ratios and U.S. Securities and Exchange Commission (SEC) reports. The pro forma combined . document.documentElement.classList.add( This communication includes certain forward-looking statements within the meaning of Section 27A the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. While capital is pouring into these vehicles, exiting in advance of a planned liquidity event, such as a sale or IPO, can come at a steep price for shareholders. padding-left: 30px; 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. //}); Each of the Cole Office & Industrial REITs hold investments in office and industrial net lease assets. //window.requestAnimationFrame(function() { Such documents are not currently available. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. Definition of REITs. The merger agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors. 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. Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at [email protected] for a no-cost and no-obligation consultation. font-size: 15px; CIM Real Estate Finance Trust Inc. (CMFT), Cole Office & Industrial REIT Inc. (CCIT II), Cole Office & Industrial REIT Inc. (CCIT III), and Cole Credit Property Trust V Inc. (CCPT V), four publicly registered non-traded real estate investment trusts sponsored by affiliates of CIM Group, have agreed to merge in separate stock-for-stock transactions, with CIM Real Estate Finance Trust as the surviving entity. 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. 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. } catch(e){ It is anticipated that five to seven directors will be recommended for election. }; e.gh : [e.gh]; 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, said Richard Ressler, principal and co-founder of CIM Group. After all, vacation homes generate 160% more revenue . background-size: 768px auto; Willkie Farr & Gallagher LLP 600 TRAVIS STREET, SUITE 2310 HOUSTON, TX 77002 United States The company expects to use the available cash and leverage capacity to fund future investments. border-bottom: solid 1px #163a64; CIM, formerly known as Cole Credit Property Trust IV, was launched in January 2012, raising approximately $3 billion in investor capital prior to closing its offering in April 2014. PHOENIX - October 17, 2022 - CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05c to 3.39c . Statements that describe future plans and objectives are also forward-looking statements. 9/22/2021. var advadsCfpQueue = []; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? Giarrusso Law Group LLC may partner with law firms located in other jurisdictions, as needed, on a case-by-case basis, on behalf of clients located in but not limited to: New York City-Long Island-Jersey City-Newark, Atlanta-Sandy Springs-Alpharetta, Austin-Round Rock-Georgetown, Baltimore-Columbia-Towson, Boston-Cambridge-Newton, Charlotte-Concord-Gastonia, Chicago-Naperville-Elgin, Cincinnati, Dallas-Fort Worth-Arlington, Denver-Aurora-Lakewood, Detroit-Warren-Dearborn, Houston-The Woodlands-Sugar Land, Las Vegas-Henderson-Paradise, Los Angeles-Long Beach-Anaheim, Miami-Fort Lauderdale-West Palm Beach, Minneapolis-St. Paul-Bloomington, Orlando-Kissimmee-Sanford, Philadelphia-Camden-Wilmington, Phoenix-Mesa-Chandler, Pittsburgh, Portland-Vancouver-Hillsboro, Riverside-San Bernardino-Ontario, Sacramento-Roseville-Folsom, San Antonio-New Braunfels, San Diego-Chula Vista-Carlsbad, San Francisco-Oakland-Berkeley, Seattle-Tacoma-Bellevue, St. Louis, Tampa-St. Petersburg-Clearwater, and Washington DC-Arlington-Alexandria. 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. 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. #primary-menu .dropdown-menu.show{ CIM Real Estate Finance Trust, Inc., a leading commercial credit-focused real estate investment trust, announced today that it has entered into an agreement to sell 185 non-core, net lease . A sharp drop in prices last year in other asset classes means . QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. 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. Oftentimes, they are thrilled to take any available offer because there are no other options to access quick liquidity, even if they feel that the offer doesnt represent a fair price, notes Cox. As of June 30, 2020, the pro forma limited near-term debt maturities and net leverage of the proposed combined company was approximately 39 percent, along with substantial cash on its balance sheet, according to the company. font-size: 18px; Equity capital raised during offering periods, including DRIP proceeds. Prior results do not guarantee similar outcomes. color: white !important; } Learn more about A+ Investor here! As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in CIM to retail investors nationwide. } So, if youre still on the fence about whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold, you can utilize our expansive and robust screening tools like A+ Investor to help make your decision. 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. CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. Learn More, 2023 American Association of Individual Investors. 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. One example of a secondary marketplace that has been around for several years is Central Trade & Transfer. It believes that there is significant latent value within SIGT's portfolio, and due to wide disparities in the market, there are . The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 { Over the years, there have been a number of secondary marketplaces that have launched and failed. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. In addition to their illiquidity, non-traded REITs like CIM Real Estate Finance Trust usually have high up-front commissions and fees, as well as fees for due diligence and other related administrative expenses. Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. In connection with the proposed merger, CMFT intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of INAV and will also constitute a prospectus of CMFT. Summit 2023; Alts Week 2022 Presentations & Panel Discussions; BV Webinars; BV Past Webinars; Industry Events; Podcasts; Resources. 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. 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cim real estate finance trust liquidity event