The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. Such documents are not currently available. Before you choose to buy, sell or hold Cim Real Estate Finance Trust Inc stock, youll want to analyze how it has been graded. 0 : parseInt(e.tabw); display: block; 3) Premium is approximate, based on the average exchange ratio. 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. 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. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. //window.requestAnimationFrame(function() { REITs are a way to invest in real estate without buying a property outright. The pro forma combined company . This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The information contained on this website is provided solely for informational purposes and is considered attorney advertising. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. 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. For immediate release. 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. display: none; Year-over-year quarterly sales growth most recently was 21.3%. VANCOUVER, British Columbia, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce its fourth quarter and full-year 2022 production results and provide 2023 production, cost and capital expenditure guidance. MONTRE display: none !important; 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. Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. 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. INAV holds investments in office, industrial and retail assets. window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. 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. One example of a secondary marketplace that has been around for several years is Central Trade & Transfer. The Blue Vault Summit could not have been more perfectly timed. 0 : e.thumbw; The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . Whether or not you should buy Cim Real Estate Finance Trust Inc stock will ultimately depend on your individual goals, risk tolerance and allocation. #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.tabw; Each respective Board of Directors subsequently unanimously approved the entry by its REIT into the merger agreement. } The DI Wire is the definitive news source for the illiquid alternative investment industry. More recently, Realto launched a secondary marketplace platform. Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. 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. For a free consultation with a securities attorney, please call the offices at 888-637-5510. Definition of REITs. Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. } 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. Additional Information and Where to Find It. . 17 January 2023. 0 : parseInt(e.tabhide); CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). content: ""; font-size: 15px; Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor. . File No. PERE Global Passport membership allows decision-makers to . } 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . e.tabw = e.tabhide>=pw ? 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. 2) There is no guarantee that a public market listing will take place within the expected time period or at all. 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. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. Headquartered in Phoenix, Arizona, CIM is a publicly registered non-traded real estate investment trust (REIT) that primarily owns and operates a portfolio of commercial real estate assets and a portfolio of commercial mortgage loans. There are not analysts providing consensus earnings estimates for the current fiscal year. It is anticipated that five to seven directors will be recommended for election. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); margin-top: 25px; 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. Events. CMFT, CCIT III and CCPT V arenon-tradedREITs managed by affiliates of CIM Group, LLC (CIM). } INAVis managed by affiliates of CIM. Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Wealth Management is part of the Informa Connect Division of Informa PLC. padding-left: 30px; } Last year, the Company announced its intention to transition to a mortgage REIT. Announces Completion of Merger with CIM Income NAV, Inc. The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . .site-header { /*font-weight: bold;*/ The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 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. 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. Cautionary Statement Regarding Forward-Looking Information. OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . 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. ); } Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Lastly, its important to evaluate a stock by comparing it against others in the same industry. text-transform: capitalize !important; We encourage investors to do their own due diligence and research through programs of education that teach you to invest for yourself. .woocommerce-product-gallery{ opacity: 1 !important; } html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . This information should not be relied upon or construed as legal advice. 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. border-top: 3px solid #f98e11; 812-14909. } text-transform: uppercase !important; You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. Generally, we think the model, or, more specifically, the discounts MacKenzie tends to offer while leveraging the third-party tender offer model, are predatory, agrees John Cox, founder and CEO of Cox Capital Partners, an investment management firm specializing in alternative asset management strategies and secondary market liquidity solutions. For more information, visitwww.cimgroup.com. Cautionary Statement Regarding Forward-Looking Information. 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. 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. padding: 15px 20px !important; //}); In fact, investors in non-traded REITs must typically wait for an extended period of time, sometimes for up to 10 years or more, before a liquidity event transpires allowing for an exit on the investment. build their investment wealth through else{ e.thumbw = e.thumbhide>=pw ? 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. 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. At the effective time of the CCIT III . window.RSIH = window.RSIH===undefined ? In some instances, retail investors may have been solicited to invest by their financial advisor without being fully informed of the Companys risky and complex nature. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. However, there was usually a big disconnect in pricing, what QuickLiquidity wanted to pay versus what the shareholder was willing to accept, notes Miller. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. document.getElementById(e.c).height = newh+"px"; 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. 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. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. As a non-traded REIT, CIM is an illiquid investment product, meaning that shares cannot readily be sold on a national securities exchange. 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. e.gh = Array.isArray(e.gh) ? for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; 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. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? left: initial; e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? Its also important to note that these are not liquidity solutions that are being offered in a market that is no longer growing. 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. .ewd-ufaq-faqs .printfriendly{ 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. CMFT is managed by affiliates of CIM. According to Robert A. Stanger & Co., the real estate alts sector has raised $69.3 billion yeartodate through Julya 95% increase over the same period of 2021. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} As recently reported, the Board of CIM Real Estate Finance Trust, Inc. (the Company), a non-traded REIT formerly known as Cole Credit Property Trust IV, has declared a revised net asset value (NAV) of approximately $7.31 per share. However, one drawback of those structures has always been that investors have few options to get capital out if they need an early exit, which has fueled a practice, mini-tender offers, that some critics view as predatory. } Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. before a liquidity event transpires allowing for an exit on the investment. 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. 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. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. European investors currently have 10.8% of their investments in property, above target allocations of 10.5%, the INREV survey showed. } 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. The transactions are expected to close in the fourth quarter of 2020, pending stockholders approval. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. 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. Through litigation industrial and retail assets as well as Real Estate Finance Trust, Inc. -.. 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