Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. 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. 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 . The merger transactions could also better position it for a future liquidity event, including a public listing. Company Name, Ticker, Suppliers, else.. . window.innerWidth : window.RSIW; var advadsCfpQueue = []; 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 investors who require immediate liquidity through participation in Comrits current tender offer may suffer considerable losses, excluding any distributions to date. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or . Summit 2023; Alts Week 2022 Presentations & Panel Discussions; BV Webinars; BV Past Webinars; Industry Events; Podcasts; Resources. 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. Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. color: #f79320; At the effective time of the CCIT III . The merger is expected to produce meaningful benefits for stockholders of CMFT and INAV, including: Greater Scale & Relevance:With $6.0 billion and $3.2 billion1in enterprise value and equity value, respectively, CC CMFT will be one of the largest credit-focused REITs, increasing its relevance in the capital markets and reducing its cost of debt and equity capital. padding-bottom: 10px; May 10, 2022. Go Back. //window.requestAnimationFrame(function() { 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. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8billion in total asset value and a net asset value (NAV) of $2.6billion, based upon the companies respective June30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. padding-left: 30px; . The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . Although the firm will present buyout offers for investors who reach out wanting liquidity, the majority of its business focuses on providing loans with the partnership shares as collateral. Unfortunately, some investors in CIM Real Estate Finance Trust may have been induced into making an unsuitable investment in the Company, or otherwise misled into investing without being adequately advised as to the investments risk components. Before you choose to buy, sell or hold Cim Real Estate Finance Trust Inc stock, youll want to analyze how it has been graded. . About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. In order to compute the Growth Score and assign it a letter grade, the percentile ranks for each of the three individual components‐consistency of annual sales growth, five‐year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. 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. 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. CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. The pro forma combined company (CC CMFT) would have approximately $6.0 billion in total enterprise value, creating a leading commercial credit-focused real estate investment trust (REIT) with greater tenant, industry, and asset type diversity, financial strength, and improved access to capital markets. font-size: 15px; for (var i in e.rl) nl[i] = e.rl[i] News Article > CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs. Equity Sales Company, CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs, Alts Week 2022 Presentations & Panel Discussions, Capital Square Reports Record Year: $2.29 Billion in Acquisitions and More Than $1 Billion in Equity Raised in 2022, Bluerock Capital Markets Logs a Record $4+ Billion in Annual Capital Raise in 2022, Up 92% Over 2021s Record Inflows, StratCap Acquires Nearly $20 Million in Digital Infrastructure Assets in December, Phoenix American Announces New Client, Cannabis Fund Sponsor AC Capital Partners, for Fund Administration, Understanding the Terms of the Blackstone REIT Share Repurchase Plan. 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. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Financial services regulation in United States Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. 1) Based on CMFT and INAVs respective most recently published NAVS, published as of 3/31/2021 and 7/31/2021 respectively. Of the securities Act informational purposes and is considered attorney advertising ) Based on CMFT INAVs! & amp ; growth Trust ( SIGT ) has a multi-asset investment strategy, with overriding... Operated by a business or businesses owned by Informa PLC and all copyright resides with them of... 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