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Oftentimes, they are thrilled to take any available offer because there are no other options to access quick liquidity, even if they feel that the offer doesnt represent a fair price, notes Cox. Investors in CIM Real Estate Finance Trust, Inc. (CIM, or the Company) who invested on the advice of a financial advisor may be able to recover their losses through FINRA . Cim Real Estate Finance Trust Incs trailing 12-month revenue is $408.0 million with a 28.7% profit margin. The valuation is based on the estimated market value of the REITs assets less the estimated market value of its liabilities, divided by the total number of shares outstanding. 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. Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). .ewd-ufaq-faqs .printfriendly{ Last year, the Company announced its intention to transition to a mortgage REIT. 228 | Cell: 613-798-3804. Theme Real Estate. CFA Level 1 Preparatory Course Managing People in Organisations 1 10 14 134 for Economics 1 5 15 75 Marketing, Sales & Customer Service 1 10 15 144 CFA Level 1 Preparatory Course for Introduction to Economics 1 10 8 77 Quantitative Methods 1 5 13 65 Structure of Accounts 2 20 18 173 Commercial Loan Documentation 1 5 12 60 Management and . e.thumbw = e.thumbw===undefined ? CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. .et_pb_text_inner h1:before{ } 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. console.log("Failure at Presize of Slider:" + e) 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. e.gw = Array.isArray(e.gw) ? border-bottom: solid 1px #163a64; 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. For example, Cox Capital does not make unsolicited offers. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57 . 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. 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. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? Click here to visit CIM Groups directory sponsor page. Private real estate vehicles have struggled to develop a secondary marketplace. Banking products and services are offered by referral arrangements . if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 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 andCo-Founderof CIM Group. #primary-menu .dropdown-menu.show{ Ever since crowdfunding became a big thing it does seem like there has been a lot more attention on liquidity options and secondary markets, notes Miller. margin: 0; 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 is a community-focused real estate and infrastructure owner, operator, lender and developer. Contacting us, by itself, does not create an attorney-client relationship. 9/22/2021. The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. Access global real estate's most influential events and network. 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. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. 0 : parseInt(e.mh,0); Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. I think almost everybody in the industry would agree that there is a need for liquidity options for investors. Here, well take a closer look at Cim Real Estate Finance Trust Incs stock grades for value, growth and quality. Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. font-size: 18px; .site-header { The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . PHOENIX, December 16, 2021--CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction window.dataLayer = window.dataLayer || [];
INAV holds investments in office, industrial and retail assets. Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; de C.V.) (BIVA: MEXAMX), a leading financial technology company in . 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. . REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . right: 0; The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. 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. text-transform: capitalize !important; .tribe-events-single-event-title{ In addition to their illiquidity, non-traded REITs like CIM Real Estate Finance Trust usually have high up-front commissions and fees, as well as fees for due diligence and other related administrative expenses. margin-right: 5px; 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. 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. #primary-menu .nav-link{ .site-header { 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. 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. 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. border-top: 3px solid #f98e11; window.innerHeight : window.RSIH; 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. 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. 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. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. Cim Real Estate Finance Trust Inc (CMRF) Competitors. . Stocks, bonds and mutual funds are offered through Manulife Securities Incorporated. text-transform: uppercase !important; 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.
or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. font-size: 15px; } May 10, 2022. var advadsCfpQueue = []; e.tabh = e.tabhide>=pw ? Even the SEC acknowledges that mini-tender offers are often aimed at catching investors off guard and offers a list of tips to shareholders. .ufaq-faq-body p{ } MacKenzie Capital could not be reached for comment. 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. newh = Math.max(e.mh,window.RSIH); President at Queens' College, Cambridge 5 PHOENIX, December 16, 2021-CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. AAII can help you figure these out and identify which investments align with what works best for you. Furthermore, a financial advisor must perform a suitability analysis in connection with the sale of an investment product to ensure that the investment is appropriate based upon criteria such as the investors age, net worth and income, liquidity needs, experience with investing, as well as stated investment objectives and risk tolerance. Since inception in 1978, the nonprofit 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. .woocommerce-product-gallery{ opacity: 1 !important; } 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. The merger transactions could also better position it for a future liquidity event, including a public listing. 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. } European investors currently have 10.8% of their investments in property, above target allocations of 10.5%, the INREV survey showed. 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. . 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. Investors who wish to discuss a possible claim may contact us at (201) 771-1115 or info@gialawgroup.com for a no-cost, confidential consultation. AAIIs expansive and robust screening tools like A+ Investor help investors make confident decisions. What are trust services? 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. Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. e.tabh = e.tabh===undefined ? var advadsCfpAd = function( adID ){ Statements that describe future plans and objectives are also forward-looking statements. There are not analysts providing consensus . In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. CMFT holds investments in net lease and . Each of the Cole Office & Industrial REITs hold investments in office and industrial net lease assets. In connection with the proposed merger, INAV intends to file relevant materials with the SEC, including a proxy statement on Schedule 14A relating to a special meeting of its stockholders. } programs of education, publications, 3) Premium is approximate, based on the average exchange ratio. . } The transactions are expected to close in the fourth quarter of 2020, pending stockholders approval. Go Back. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 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. Mini-tenders have been a thorn in the side of nontraded REIT sponsors, and they are also on the receiving end of backlash from other industry participants. 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. June 16, 2022. 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 risk that the proposed merger will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the failure to satisfy the conditions to the consummation of the proposed merger, including the approval of the stockholders of INAV; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed merger; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT and INAV and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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 and INAVs 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 and INAV with the SEC, copies of which are available on the SECs website,www.sec.gov. PERE Global Passport membership allows decision-makers to . and. 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. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} 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. This information is not an offer to create such an attorney-client relationship. #menu-item-1146, #menu-item-1151, #menu-item-2908, #menu-item-2907, #menu-item-2909, #menu-item-1144, #menu-item-1143, #menu-item-2910, #menu-item-1138, #menu-item-1134, #menu-item-2924, #menu-item-2933, #menu-item-2976, #menu-item-4915, #menu-item-4919, #menu-item-4922, #menu-item-4923, #menu-item-4924 { 0 : e.thumbw; . 17 January 2023. Prior results do not guarantee similar outcomes. .site-header { line-height: 31px; CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. .ewd-ufaq-post-margin-symbol{ }; The company expects to use the available cash and leverage capacity to fund future investments. e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? AAIIs proprietary stock grades come with A+ Investor. To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. 0 : parseInt(e.thumbw); CIM Real Estate Finance Trust, Inc. CIM Real Estate Finance Trust, Inc. . e.gh : e.el; It believes that there is significant latent value within SIGT's portfolio, and due to wide disparities in the market, there are . QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. Registered in England and Wales. Some of the crowdfunding sites, such as Cadre, also have a secondary market for investors. 0 : e.rl[i]; var nl = new Array(e.rl.length), img#wpstats{display:none} software and grassroots meetings. These 4 key factors, when combined with the above, provide a holistic view into a stock. 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 . color: #093463; CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. 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. CC CMFT equity value assumes a 10.6% premium paid in consideration on all INAV shares outstanding as of 7/31/2021. } margin-top: 25px; if(e.layout==="fullscreen" || e.l==="fullscreen") } As of January 17, 2023, Cim Real Estate Finance Trust Inc had a $0.9 million market capitalization, putting it in the 2nd percentile of companies in the REITs - Commercial industry. 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: . Cim Real Estate Finance Trust Inc has a Growth Score of 50, which is Average. Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors INAVis managed by affiliates of CIM. One example of a secondary marketplace that has been around for several years is Central Trade & Transfer. content: ""; I always see my role as being more than an Executive Assistant; for example; I have arranged and managed large company-wide activities . Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 Web page addresses and e-mail addresses turn into links automatically. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. This transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including INAV stockholder approval. 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. .
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