Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January . We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. concentrations with respect to our investments and properties. File No. 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. Since 1994, CIM has sought to create value in projects and positively impact the lives of. CMCT +2.60% + Free Alerts. (3)Net proceeds on the repurchase facilities, credit facilities and notes the availability of origination and acquisition opportunities acceptable to us. The increase in gain on investment in unconsolidated entities of $1.3 million We may not be able to maintain profitability. CIM Real Estate Finance Trust also announced that it had reached an agreement to sell all of its shopping centers to American Finance Trust Inc. for $ 1.3 billion. Customer Relationship Summary and Disclosure. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. We could be subject to unexpected costs or unexpected liabilities that may With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Cole Office & Industrial REIT (CCIT II), Inc. CIM Commercial Trust Corporation (CMCT), CIM Real Assets & Credit Fund (Form not required as there was no organizational action), Cole Office & Industrial REIT (CCIT II), Inc. (Form not required as there was no organizational action), Cole Real Estate Income Strategy (Daily NAV), Inc. (Form not required as there was no organizational action). Cautionary Statement Regarding Forward-Looking Information. 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 / [email protected], or Forgot your Password? For more information, visit www.cimgroup.com. borrowers and tenants and from borrower or tenant defaults generally. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. 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 and Co-Founder of CIM Group. on loans held-for-investment of $127.1 million. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. stockholders or meet our debt service obligations. 2325 E. Camelback Road periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended Data as of 6/30/22. We are subject to risks associated with the incurrence of additional secured or which had a carrying value of $132.4 million as of September 30, 2022. This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. CCO Group and CIM are not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. 1-800-3-NAREIT 2022 and 2021 was $61.2 million and $65.3 million, respectively. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Nareit members made a variety of financial announcements this year. Stock-for-stock mergers result in a credit-focused REIT with $4.8 billion of total assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. The following table shows the carrying value of our portfolio by investment type unsecured debt. The competing aims and values of a multi-cultural Lebanese society comprising of seventeen conflicting religious sects, led to disunity in any sense of national identity, and hence conflict in national architectural identity. Our continued compliance with debt covenants depends on many factors and could The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. Our Board authorized the following Closes First Tranche of Previously Announced Transaction of Single-Tenant Properties with Realty Income, CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion. 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. CMFT is managed by affiliates of CIM. 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. of Operations (form 10-Q). --------------------------------------------------------------------------------. (5,301) $ 59,009 $ 57,569 $ 1,440 $, 46,522 $ 53,263 $ (6,741). Its segments include Credit and Real estate. 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. 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. The REIT anticipates a public listing in 2022. developments, net. Segment Reporting to our condensed consolidated financial statements in this We may fail to remain qualified as a REIT for U.S. federal income tax purposes. We may not generate cash flows sufficient to pay our distributions to All rights reserved. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". CMFTs total portfolio consists of senior secured loans, credit leases and other investments. In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. We may be unable to renew leases, lease vacant space or re-lease space as to net operating income (in thousands): Gain on disposition of real estate and condominium Financial Documents SEC Filings Tax Information. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. Comparison of the Six Months Ended June 30, 2022 and 2021. excess of distributions from prior periods of $18.7 million. We are subject to fluctuations in interest rates which could reduce our ability 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 . reinstatement of the share redemption program on April 1, 2021. Copyright 2023 Surperformance. "same store" properties during the six months ended June 30, 2022 and 2021. The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. on loans held-for-investment of $156.9 million. Refer to Note 16 - Cons based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share [email protected], 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. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. Disposed of condominium units for an aggregate sales price of $22.5 million. Suite 1100 The following table presents distributions and source of distributions for the arise from dispositions. Invested $110.4 million in liquid senior loans and sold liquid senior loans for 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. Net income attributable to the Company of $128.2 million, or $0.29 per share. to net operating income (in thousands): Gain on disposition of real estate and condominium The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. Segment Reporting to our condensed consolidated financial statements in this A total of 307 properties were acquired before January 1, 2021 and represent our Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. 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. 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. leases. stockholders or meet our debt service obligations. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. 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