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. MEXICO CITY, Jan. 17, 2023 /PRNewswire/ -- Tangerine Pomelo Group, S.A.P.I. margin: 0; for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. INAVis managed by affiliates of CIM. color: #f98e11; 2) There is no guarantee that a public market listing will take place within the expected time period or at all. May 10, 2022. Contacting us, by itself, does not create an attorney-client relationship. As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. We encourage investors to do their own due diligence and research through programs of education that teach you to invest for yourself. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. ); MacKenzie and its affiliates currently own 11,118 shares. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. However, there is a bigger ecosystem that is being built to facilitate liquidity in a very illiquid marketplace, he adds. The distribution reinvestment plans of all four REITs will be suspended pending the closing of the proposed transactions. From time to time, there are some shareholders who become desperate for liquidity for a variety of reasons, whether it is a divorce, death or some other unforeseen event. } Further, by joining A+ Investor you can see whether Cim Real Estate Finance Trust Incs stock passes any of our 60+ stock screens that have outperformed the market since their creation. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). . 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. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 812-14909. Go Back. It is essentially the inverse of the P/E ratio. This represents a decrease from the previous NAV of $7.31 per share. Financial System Trends: The Monetary Policy Committee (MPC) raised the monetary policy rate and the cash reserve ratio, cumulatively, by 500 basis points to 16.5 per cent and 32.5 per cent, respectively as a way of enforcing liquidity tightening measures to curb rising inflation. } Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 0 : parseInt(e.tabh); Prior results do not guarantee similar outcomes. Information on this website should be regarded as opinion based on publicly available information and not as fact. Whether or not you should buy Cim Real Estate Finance Trust Inc stock will ultimately depend on your individual goals, risk tolerance and allocation. border-bottom: solid 1px #163a64; CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. . e.tabh = e.tabh===undefined ? font-size: 18px; In some instances, investors may be uninformed and unaware that income received on the investment may consist substantially of return of capital from other investors. 3) Premium is approximate, based on the average exchange ratio. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . Estate Planning 101 . text-transform: capitalize !important; Cost Savings:CC CMFT is expected to realize $2.8 million of annualized general and administrative synergies on a run-rate basis with additional cash flow improvement of $2.5 million to INAV stockholders through the elimination of ongoing stockholder servicing fees. The Earnings Estimate Revisions Grade takes into account the magnitude of a companys earnings surprise in its last two reported fiscal quarters. You can use the information about how Cim Real Estate Finance Trust Inc stock is graded to determine if you should invest in this specific company. window.dataLayer = window.dataLayer || []; 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. The transactions are expected to close in the fourth quarter of 2020, pending stockholders approval. 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. Cox Capital has underwritten assets with as little as a 1% or 2% discount to about 35% for a more illiquid and distressed asset. Willkie Farr & Gallagher LLP 600 TRAVIS STREET, SUITE 2310 HOUSTON, TX 77002 United States } CMFT and INAV have made a presentation available detailing the highlights of the proposed transaction atwww.cimgroup.com/announcements. 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. Go Back. padding-bottom: 10px; 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. .ufaq-faq-body { background-size: 360px auto; color: #093463; SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. For immediate release. Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. Statements that describe future plans and objectives are also forward-looking statements. . background-color: transparent; Cautionary Statement Regarding Forward-Looking Information. You see some of these more mainstream institutions getting into the space, because of the opportunity set that exists, and you need to build it front to back, meaning you need to give investors liquidity options to make the market more efficient, says Stephan. 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. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . In March, MacKenzie Capital Management LP made a mini-tender offer to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share, roughly 56% less that . Alternative Liquidity Index LP has announced an offer to purchase up to 2,002,000 Contingent Value Rights (the "CVRs") of Jade Power Trust (the "Issuer"), at a price of $0.2 (2 cents) in US . The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . 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. January 18, 2023. 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. It is anticipated that five to seven directors will be recommended for election. Kindly share this postIt was a night of glowing tributes for the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, as Forbes Magazine recognised him as Best of Africa Outstanding Corporate Governance CEO Award, 2022. 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 . You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. The merger transactions could also better position it for a future liquidity event, including a public listing. else{ before a liquidity event transpires allowing for an exit on the investment. } Learn more about A+ Investor here! window.RSIH = window.RSIH===undefined ? For more information, visitwww.cimgroup.com. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. .site-header { e.tabhide = e.tabhide===undefined ? As of June 30, 2020, the proposed combined companys asset mix was approximately 38 percent retail net lease, 28 percent multi-tenant retail, 20 percent office net lease, 11 percent loans, and 3 percent industrial net lease. 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"). As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in the Company to retail investors nationwide. */ In the real estate investing world, there's a crowded arms race to become the go-to "fractional" investing platform where you can buy $100 shares in $1 million homes. sl = nl[0]; background-size: 768px auto; 0 : parseInt(e.tabw); Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. File No. The Special Committee of the Board of Directors of INAV has engaged Jones Lang LaSalle Securities, LLC, an affiliate of Jones Lang LaSalle America, Inc. as their financial advisor, and Nelson Mullins Riley & Scarborough LLP as their legal advisor. PERE Global Passport membership allows decision-makers to . market. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or . Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. Path to Liquidity:The merger transaction is one more step in the execution of CMFTs business plan and is anticipated to better position CC CMFT for a public market listing, which, subject to market conditions, is expected to occur in 2022.2. Since inception in 1978, the nonprofit CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 e.thumbw = e.thumbw===undefined ? e.gh : e.el; . Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. } padding-left: 30px; 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. } window.RSIW : pw; Cim Real Estate Finance Trust Inc has a Growth Score of 50, which is Average. Registered in England and Wales. Contacting us, by itself, does not create an attorney-client relationship. .menu-item-1122 .dropdown-menu{ for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; programs of education, publications, } Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. var advadsCfpAd = function( adID ){ 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); 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. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 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. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. PHOENIX, December 16, 2021--CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. 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. 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. 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. 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 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. 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. In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). 0 : e.thumbw; This information is not an offer to create such an attorney-client relationship. 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. Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. 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. 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. 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. BREIT's S shares, with a minimum investment of $2,500, cost 2.1% per year (a 1.25% management fee plus a 0.85% stockholder servicing fee), in . Upon closing, the board of CIM Real Estate Finance Trust will be increased so that all independent directors of CCIT II, CCIT III and CCPT V that are not currently independent directors of the combined company will be added to the board. 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