e.gh : e.el; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Cim Real Estate Finance Trust 's Dividends. 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. 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. } Cim Real Estate Finance Trust Inc does not currently pay a dividend. text-transform: uppercase; The offer price is 56.3 percent less than the REIT's most recent net asset value per share of $7.20, as of March 31, 2021. 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. .et_pb_text_inner h1{ Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. }; The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong. The Company merged with Cole Office & Industrial REIT, Inc. and Cole Credit Property Trust V, Inc. in December 2020. The attorneys at Giarrusso Law Group LLC have extensive experience in handling claims on behalf of investors in non-traded REITs, as well as other complex and illiquid investment products. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). 2023 Informa USA, Inc., All rights reserved, Equity Investors Pull Back on the Industrial Sector as Return Expectations Dim, Sustainable Strategies for the Modern Investor, Believe It or Not, Its a Great Time To Be a Financial Advisor, Ares Strikes Deal for Office, Naming Rights at Los Angeles Tower, The 10 Best and 10 Worst States in Which to Retire in 2021, Im an Advisor. 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. The firm works with clients, including financial advisors that have a book of business, and underwrites shares on fundamentals that include holdings, distribution and purchase programs, and the path to liquidity. The merger agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors. THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Seneca Global Income & Growth Trust (SIGT) has a multi-asset investment strategy, with an overriding focus on value. President at Queens' College, Cambridge 5 Cim Real Estate Finance Trust Inc (CCPT) Dividend yield, percetage of earnings per share payed out as dividend by quarter - CSIMarket. border-top: 2px solid #163a64; The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . This communication may be deemed to be solicitation material in respect of the proposed merger of INAV with CMFT. By Zach Banning The transactions are expected to close in the fourth quarter of 2020, pending stockholders approval. INAVis managed by affiliates of CIM. The Merger is intended to qualify as a "reorganization" under, and within the meaning of, Section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code"). . Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans . Contacting us, by itself, does not create an attorney-client relationship. January 18, 2023. Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Information on this website should be regarded as opinion based on publicly available information and not as fact. Willkie Farr & Gallagher LLP 600 TRAVIS STREET, SUITE 2310 HOUSTON, TX 77002 United States Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that it has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust, Inc. (CMFT), a non-listed REIT which is sponsored by an affiliate of CIM Group, for approximately $894 million in cash. #primary-menu .dropdown-menu a:hover{ MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. line-height: 31px; font-size: 15px; As a non-traded REIT, CIM is an illiquid investment product, meaning that shares cannot readily be sold on a national securities exchange. MacKenzie Capital could not be reached for comment. . This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. e.thumbhide = e.thumbhide===undefined ? Estate Planning 101 . text-transform: uppercase !important; 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. AAII has helped over 2 million individuals Cautionary Statement Regarding Forward-Looking Information. display: block; Unfortunately, redeeming shares with the sponsor often presents logistical hurdles, including only being able to redeem a set percentage of shares at predetermined intervals (for example, quarterly), thus impacting liquidity. and. Examples of mini-tender offers over the past year include: Such offers are a bit of a thorn in the side of sponsors, and they are also on the receiving end of backlash from other industry participants that are hoping to provide a more legitimate secondary market option for investors who need liquidity. Each special committee recommended approval of the merger agreement to its respective Board of Directors. 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. #primary-menu .dropdown-menu.show{ @media (max-width: 359px) { Cadre Horizon Fund, Inc. (the "Initial Fund") is a newly organized Maryland corporation that will operate as a registered non-diversified, closed-end management investment company that provides periodic liquidity with respect to its shares ("Shares") pursuant to Rule 13e-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Ultimately, what we want to do is do away with these third-party tender offer firms that are really taking advantage and providing unfair values, says Stephan. LOS ANGELES--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. Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. Prior results do not guarantee similar outcomes. }, Home > News Article > CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs. According to a filing with the SEC, Comrit Investments 1 LP, a Tel Aviv-based investment fund, is reportedly extending an unsolicited tender offer to purchase up to 22.4 million shares of CIM Real Estate Finance Trust Inc., for $4.61 per share. color: #f98e11; Shares were initially offered at $10 per share. QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. 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 3.05 to 3.39 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. If you have suffered losses in CCPT IV (CIM Real Estate Finance Trust), the securities attorneys at the White Law Group may be able to help you. The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. } CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. This transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including INAV stockholder approval. 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 . window.innerHeight : window.RSIH; The information contained on this website is provided solely for informational purposes and is considered attorney advertising. for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . e.thumbh = e.thumbhide>=pw ? CMFT, CCIT III and CCPT V arenon-tradedREITs managed by affiliates of CIM Group, LLC (CIM). AAIIs A+ Investor Quality Grade comes from the ranking of key metrics. This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections, 500,000 shares of American Healthcare REIT Inc, launched a secondary marketplace platform, CMG Partners and its affiliates launched an, In March, MacKenzie Capital Management LP made a mini-tender offer, tendering their shares to the REIT or BDC for repurchase, listing their shares on an exchange or auction site, Allowed HTML tags: . background-size: 1600px auto; .site-header { This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. 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. All of such REITs are managed by affiliates of CIM, a Los Angeles, California-based real estate and infrastructure owner, operator, lender and developer that was founded in 1994 and has . 2) There is no guarantee that a public market listing will take place within the expected time period or at all. Learn more about A+ Investor here! Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. This information should not be relied upon or construed as legal advice. font-size: 18px; A Real Estate Investment Trust (REIT) is a type of security that invests in real estate through the purchase of properties, loans to property owners and developers, or interests in mortgages. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a companys Growth Score to create an equal distribution of grades. Investors may obtain additional information regarding the interest of such participants by reading the proxy statement of INAV regarding its proposed merger with CMFT when it becomes available. 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. e.gh : [e.gh]; 0 : e.thumbh; e.tabw = e.tabhide>=pw ? } The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . Over the years, there have been a number of secondary marketplaces that have launched and failed. CIM investors who require immediate liquidity through participation in Comrits current tender offer may suffer considerable losses, excluding any distributions to date. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Number 8860726. By joining Japan Korea Week you will also have 12 months' exclusive access to all of PERE's leading events, networking focused meetings, latest market insights, and an expansive directory of managers and investors. 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. Specifically, the Quality Grade is the percentile rank of the composite return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and FScore. Four CIM REITs Plan to Merge to Create $5.9 Billion REIT, Click here to subscribe to our Daily News Updates, Capital Square Expands Executive Team with Two New Hires, Go Store It Buys Vacant Sams Club in South Carolina OZ for Self-Storage Conversion, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. width: 70px; 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); A sharp drop in prices last year in other asset classes means . .site-header { These offer intuitive AF grades for each of five key investing factors: value, growth, momentum, earnings revisions and quality. var nl = new Array(e.rl.length), 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. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point. function setREVStartSize(e){ Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. Such documents are not currently available. Go Back. Both CMFT and INAV and their directors and executive officers, as well as certain affiliates of CIM Group, LLC serving as their external advisors, may be deemed to be participants in the solicitation of proxies from their respective shareholders (or, in the case of CMFT, from the stockholders of INAV) in respect of the proposed merger between INAV and CMFT. 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. Prior results do not guarantee similar outcomes. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. RBC Capital Markets, LLC is acting as financial advisor to the Special Committee of the Board of Directors of CMFT, and Sullivan & Cromwell LLP and Venable LLP are acting as legal advisors to the Special Committee of the Board of Directors of CMFT. e.gw : [e.gw]; } catch(e){ I think almost everybody in the industry would agree that there is a need for liquidity options for investors. Web page addresses and e-mail addresses turn into links automatically. 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. . Further, non-traded REITs are generally expensive investment products and typically include high up-front fees, including selling commissions to a third party broker-dealer, as well as organizational expenses and offering costs. AAIIs proprietary stock grades come with A+ Investor. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. 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. 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. padding: 0 25px; Events. Company profile page for CIM Real Estate Finance Trust Inc including stock price, company news, press releases, executives, board members, and contact information The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. } To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since inception in 1978, the nonprofit I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. 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. The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . Where it becomes a debate is what is a fair discount? says A. Yoni Miller, co-founder of QuickLiquidity, a direct lender for commercial real estate investors that have trapped equity. Brian King at Realto Capital describes MacKenzie Capital and others as taking a vulture-like approach that takes advantage of unsuspecting retail investors by A) painting a worst-case scenario for shareholders; B) offering a low-ball price and C) giving them a very short window to act nowjust like a late-night infomercial. Another point of contention is that third-party tender firms are circumventing financial advisors and going right to shareholders, who may not be sophisticated real estate investors. .ewd-ufaq-post-margin-symbol span{ e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? */ 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. 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. 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 . CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). 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. CIM Real Estate Finance Trust Inc. on Dec. 21 finalized its stock-for-stock mergers with Cole Office & Industrial REIT (CCIT III) Inc., or CCIT III, and Cole Credit Property Trust V Inc., or CCPT V. All three nontraded real estate investment trusts are managed by CIM Group LLC affiliates. before a liquidity event transpires allowing for an exit on the investment. e.thumbw = e.thumbw===undefined ? A+ Investor adds to its qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions, find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs and understand your portfolio at a more detailed level. We believe combining INAV and CMFT will benefit stockholders of both companies by creating a larger, more diversified and valuable company, positioning the company for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. A number of opportunistic investment groups have been trying to capitalize on the illiquidity within the real estate alts sector with unsolicited mini-tender offers (less than 5%of company shares) to buy shares, often at bargain basement prices. When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. Comrits recent tender offer follows a previous offer made to CIM investors which closed in April 2021, at an offer price of $4.50 per share. The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future. CMFT invests in senior secured loans and credit leases. Six years ago, the firm shifted its model to offer loans secured by minority interest positions in real estate partnerships. However, there was usually a big disconnect in pricing, what QuickLiquidity wanted to pay versus what the shareholder was willing to accept, notes Miller. 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 separatestock-for-stock,tax-freemerger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020.
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