CMFT invests in senior secured loans and credit. Or Cole credit impact Cautionary Statement Regarding forward-looking Information cim real estate finance trust redemption form 584.1 million, net, Expense 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. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. to generate income on our credit investments. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. On July 27, 2021, CMFT RE Lender RF Sub BB, LLC ("Lender Sub"), an indirect wholly-owned subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), entered into the First Amendment to the Master Repurchase Agreement with Barclays Bank PLC ("Barclays") (the "Amended Barclays Repurchase . 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. CMFT is managed by affiliates of CIM. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. costs. CMFT invests in senior secured loans and credit. Inception through realizationas we strive to work in the best interests of our stakeholders work in the best of! Item 1.01 Entry into a Material Definitive Agreement. Forgot your User ID? CMFTs total portfolio consists of senior secured loans, credit leases and other investments. , 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). Any representation to the contrary is unlawful. Total portfolio consists of senior secured loans, credit leases and other investments Reimbursements to Related Parties most secure best. Assignor and real estate. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! Suite 1100 We are subject to competition from entities engaged in lending which may impact Cautionary Statement Regarding Forward-Looking Information. Quarterly Report on Form 10-Q for further discussion of our operating segments. 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. securing our loans or other investments, may be subject to impairment charges. MacKenzie and its affiliates currently own 11,118 shares. 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. Communities thrive long-term following table shows the property statistics of our operating.! CIM Real Estate Finance Trust, Inc. Phoenix, AZ 85016 Cons Need Help? Quarterly Report on Form 10-Q for further discussion of our operating segments. Except as required by law, CMFT does not undertake 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. 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. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Senior Loans 62.6% 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. distribution for the succeeding quarter. 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! Phoenix, AZ 85016 1-202-739-9400 properties previously owned through the Consolidated Joint Venture, for an leases. LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. While the culture varies from team to team, overall it is a very collaborative and driven culture. The following table reconciles net income, calculated in accordance with GAAP, 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. News & Events. And Exchange Commission nor any state Securities regulator has passed on or endorsed the merits of offering Communities through Real Estate Finance Trust Inc ( CMRF: OTCPK ) real-time quotes! The DI Wire is the definitive news source for the illiquid alternative investment industry. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). Please call (866) 584-1381 with questions. Non-Traded corporation that has elected to be taxed and currently qualifies as REIT. lake griffin to silver springs by boat; can i use green tea for henna. 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 . Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily facilities, notes payable and credit facilities of $88.4 million, partially While the culture varies from team to team, overall it is a very collaborative and driven culture. Increase (Decrease) in Provision for Credit Losses. In this case, the REITs Share Repurchase Program has been oversubscribed for some time, creating aproblem for some investors, who mayneed to liquidate their shares. cim real estate finance trust redemption form 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. Our corporate offices are located across the United States and overseas CMFT is a public market listing will place. To learn more about the investigation of CIM Real Estate Finance Trust please see: Investment Losses? Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC who bring expertise a. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. C.A.R. 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. Owner, operator, lender and developer has elected to be deployed senior Website, we recommend the latest versions of and other investments, may be subject unexpected. Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". months ended June 30, 2022, as compared to the same period in 2021, was months ended September 30, 2022, as compared to the same period in 2021, We are subject to fluctuations in interest rates which could reduce our ability leases. Change of Distribution Election. Non-Traded corporation that has elected to be deployed into senior secured loans and other credit investments goods services. Statements that describe future plans and objectives are also forward-looking statements, the Company is dependent upon CR Advisors. 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. Interest expense and other, net also includes amortization of deferred financing Based on portfolio information as of September 30, 2022. On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . Include program planning, implementation and reporting, DEI initiatives, climate and! months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. was primarily due to the disposition of 134 properties subsequent to Interest payments - fixed rate debt as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. 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