In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. These 4 key factors, when combined with the above, provide a holistic view into a stock. 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. var advadsCfpQueue = []; Information on this website should be regarded as opinion based on publicly available information and not as fact. 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. #menu-item-1271 { Founded as the Taverners Trust and initially managed by Aberdeen Asset Management, the trust became the Midas Income & Growth Trust in August 2005. 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. REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . Cim Real Estate Finance Trust Inc does not currently pay a dividend. window.innerWidth : window.RSIW; e.tabw = e.tabw===undefined ? 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. }, Home > News Article > CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs. Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . 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. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} The American Association of Individual Investors is an independent, nonprofit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? 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. 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. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Cautionary Statement Regarding Forward-Looking Information. Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. 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. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. } @media (max-width: 767px) { try { For a free consultation with a securities attorney, please call the offices at 888-637-5510. 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. . The frequency, price, and limitations vary by investment program. 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. The Earnings Estimate Revisions Grade takes into account the magnitude of a companys earnings surprise in its last two reported fiscal quarters. 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. QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. More recently, Realto launched a secondary marketplace platform. border-bottom: solid 1px #163a64; or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. 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. 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. MacKenzie and its affiliates currently own 11,118 shares. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Since inception in 1978, the nonprofit It believes that there is significant latent value within SIGT's portfolio, and due to wide disparities in the market, there are . margin-left: 0; 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. window.RSIH = window.RSIH===undefined ? AAII has helped over 2 million individuals 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. There are not analysts providing consensus . Review the table below to see how Cim Real Estate Finance Trust Inc stock stands up against its competitors. 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. 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. 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. #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCITIII and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December17, 2020. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. For more information, visitwww.cimgroup.com. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. background-size: 768px auto; CIMs board recently announced a post-merger net asset value (NAV) of $7.20 per share for the Companys common stock, valued as of March 31, 2021. window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; 0 : e.thumbw; AAIIs A+ Investor Quality Grade comes from the ranking of key metrics. e.gw = Array.isArray(e.gw) ? 3) Premium is approximate, based on the average exchange ratio. 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 . #primary-menu .dropdown-menu a:hover{ color: white !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. e.gw : [e.gw]; The team at Seneca Investment Managers aims to generate average total returns of at least CPI +6% pa over the course of a typical investment cycle. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. We list all the recent dividend announcements and dividend yields from PNK: CMRF where possible. The information contained on this website is provided solely for informational purposes and is considered attorney advertising. CMFT holds 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 has a Growth Score of 50, which is Average. 0 : e.tabh; Company Name, Ticker, Suppliers, else.. . After all, vacation homes generate 160% more revenue . Year-over-year quarterly sales growth most recently was 21.3%. CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets Contacts Shareholder Relations ShareholderRelations@cimgroup.com Go Back. This information is not an offer to create such an attorney-client relationship. text-transform: capitalize !important; e.tabw = e.tabhide>=pw ? Diversification:CC CMFT's combined 590 property, 23.8-million-square-foot real estate portfolio will have greater tenant, industry and asset type diversity, providing CC CMFT with greater flexibility to opportunistically pursue growth strategies and recycle non-core assets. These offer intuitive AF grades for each of five key investing factors: value, growth, momentum, earnings revisions and quality. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. The attorneys at Giarrusso Law Group LLC have considerable experience in handling claims on behalf of investors in non-traded REITs such as CIM Real Estate Finance Trust, Inc., as well as other complex and illiquid financial products. 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. These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. line-height: 31px; CIM Real Estate Finance Trust, Inc. .menu-item-1122 .dropdown-menu{ Announces Completion of Mergers with Two Net Lease REITs Managed by CIM Group, ESG (Environmental, Social and Governance). Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. .ufaq-faq-body p{ var nl = new Array(e.rl.length), } Seneca Global Income & Growth Trust (SIGT) has a multi-asset investment strategy, with an overriding focus on value. 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. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or . At the effective time of the CCIT III . The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. Statements that describe future plans and objectives are also forward-looking statements. 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. margin-bottom: 4px; } 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 . display: block; 0 : e.thumbh; 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. overflow: hidden; Announces Completion of Merger with CIM Income NAV, Inc. 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 . */ Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment, said Richard Ressler, principal and co-founder of CIM Group. Cim Real Estate Finance Trust Inc (CMRF) Competitors. 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. Such documents are not currently available. color: #093463; Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. 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. CMFT is managed by affiliates of CIM. Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. display: none; The distribution reinvestment plans of all four REITs will be suspended pending the closing of the proposed transactions. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Following the closings of the merger transactions, former stockholders of CIM Real Estate Finance Trust, CCIT II, CCIT III and CCPT V are expected to own approximately 67 percent, 22 percent, 1 percent and 10 percent of the combined company, respectively. The merger is expected to produce meaningful benefits for stockholders of CMFT and INAV, including: Greater Scale & Relevance:With $6.0 billion and $3.2 billion1in enterprise value and equity value, respectively, CC CMFT will be one of the largest credit-focused REITs, increasing its relevance in the capital markets and reducing its cost of debt and equity capital. CMFT is managed by affiliates of CIM. 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. June 16, 2022. } catch(e){ Events. margin-bottom: 15px; Click here to visit CIM Groups directory sponsor page. 0 : e.tabw; CIM Real Estate Finance Trust, Inc. . The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . REITs are a way to invest in real estate without buying a property outright. 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. File No. e.tabhide = e.tabhide===undefined ? //window.requestAnimationFrame(function() { Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. } if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } 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. 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. Statements that describe future plans and objectives are also forward-looking statements. 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. software and grassroots meetings. The pro forma combined . The merger transactions could also better position it for a future liquidity event, including a public listing. de C.V.) (BIVA: MEXAMX), a leading financial technology company in . @media (max-width: 359px) { 0 : parseInt(e.tabhide); margin: 0; Cautionary Statement Regarding Forward-Looking Information. I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. }; 0 : parseInt(e.tabw); and. Before you choose to buy, sell or hold Cim Real Estate Finance Trust Inc stock, youll want to analyze how it has been graded. 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. 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. CMFT holds investments in net lease and . Announces Merger Agreement with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). 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. 228 | Cell: 613-798-3804. These conversations are paramount, especially in a time of significant regulatory change. } color: #f79320; window.dataLayer = window.dataLayer || []; 0 : parseInt(e.mh,0); Stockholders of INAV will be able to obtain such documents free of charge at the SECs website,www.sec.gov, or through CIM Group LLCs website athttps://www.cimgroup.com/announcements, as they become available. market. In addition, the real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96 percent and a weighted average lease term of approximately 8.8 years. . .ewd-ufaq-faqs .printfriendly{ e.gh : e.el; CIM, formerly known as Cole Credit Property Trust IV, was launched in January 2012, raising approximately $3 billion in investor capital prior to closing its offering in April 2014. Each special committee recommended approval of the merger agreement to its respective Board of Directors. 0 : e.rl[i]; .tribe-events-single-event-title{ text-transform: uppercase !important; 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. The information contained on this website is provided solely for informational purposes and is considered attorney advertising. Equity Sales Company, CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs, Alts Week 2022 Presentations & Panel Discussions, Capital Square Reports Record Year: $2.29 Billion in Acquisitions and More Than $1 Billion in Equity Raised in 2022, Bluerock Capital Markets Logs a Record $4+ Billion in Annual Capital Raise in 2022, Up 92% Over 2021s Record Inflows, StratCap Acquires Nearly $20 Million in Digital Infrastructure Assets in December, Phoenix American Announces New Client, Cannabis Fund Sponsor AC Capital Partners, for Fund Administration, Understanding the Terms of the Blackstone REIT Share Repurchase Plan. CIM Real Estate Finance Trust Inc. (CMFT), Cole Office & Industrial REIT Inc. (CCIT II), Cole Office & Industrial REIT Inc. (CCIT III), and Cole Credit Property Trust V Inc. (CCPT V), four publicly registered non-traded real estate investment trusts sponsored by affiliates of CIM Group, have agreed to merge in separate stock-for-stock transactions, with CIM Real Estate Finance Trust as the surviving entity. PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M PHOENIX, December 16, 2021--CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction This information should not be relied upon or construed as legal advice. newh = Math.max(e.mh,window.RSIH); Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. Summit 2023; Alts Week 2022 Presentations & Panel Discussions; BV Webinars; BV Past Webinars; Industry Events; Podcasts; Resources. var pw = document.getElementById(e.c).parentNode.offsetWidth, CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. #primary-menu .nav-link{ Additional Information and Where to Find It. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Just the opposite: The sector is seeing significant fundraising growth, adds Stephan. newh; CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. Except as required by law, neither of CMFT or INAV undertakes 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. Get your free copy of our special } For example, Cox Capital does not make unsolicited offers. } 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. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 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. Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets.
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