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. 0 : parseInt(e.tabh); e.tabhide = e.tabhide===undefined ? overflow: hidden; function setREVStartSize(e){ 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. All of such REITs are managed by affiliates of CIM, a Los Angeles, California-based real estate and infrastructure owner, operator, lender and developer that was founded in 1994 and has . Fundraising has been led by NAV REITs at $23.6 billion, nontraded BDCs at $17.1 billion, interval funds at $15.5 billion and DSTs at $6.0 billion. } .menu-item-1122 .dropdown-menu{ The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 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 . 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. 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. 228 | Cell: 613-798-3804. This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other documents that will be made available to the stockholders of INAV. Definition of REITs. build their investment wealth through 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. Information on this website should be regarded as opinion based on publicly available information and not as fact. Duff & Phelps LLC, a third-party valuation firm, assisted with the process and estimated a $7.05 to $7.61 per share valuation range with a midpoint of $7.31 per share as of June 30, 2020. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 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. pw = pw===0 || isNaN(pw) ? @media (max-width: 359px) { Banking products and services are offered by referral arrangements . } Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. As of June 30, 2020, the pro forma limited near-term debt maturities and net leverage of the proposed combined company was approximately 39 percent, along with substantial cash on its balance sheet, according to the company. .dropdown-toggle::after{ Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions. 9/22/2021. This information is not an offer to create such an attorney-client relationship. However, you should decide whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold based on a combination of grades, metrics, ratios and U.S. Securities and Exchange Commission (SEC) reports. Private real estate vehicles have struggled to develop a secondary marketplace. Specifically, the Quality Grade is the percentile rank of the composite return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and FScore. 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. 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. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. President at Queens' College, Cambridge 5 0 : e.tabh; Here, well take a closer look at Cim Real Estate Finance Trust Incs stock grades for value, growth and quality. #primary-menu .dropdown-menu a:hover{ background-size: 768px auto; SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. Wealth Management is part of the Informa Connect Division of Informa PLC. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. This may indicate significant losses for investors. These 4 key factors, when combined with the above, provide a holistic view into a stock. CIM REAL ESTATE FINANCE TRUST, INC. - The Board of Directors recommends that - EX-99.1 - February 01, 2022 These conversations are paramount, especially in a time of significant regulatory change. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { 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. Each special committee recommended approval of the merger agreement to its respective Board of Directors. 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. Company Name, Ticker, Suppliers, else.. . 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. CMFT is managed by affiliates of CIM. The award ceremony which was held virtually was organised by the Forbes magazine in conjunction with the [] e.thumbw = e.thumbhide>=pw ? } Contacting us does not guarantee that the firm will undertake representation of you. Such documents are not currently available. This communication does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or a solicitation of a proxy or of any vote or approval. Equity capital raised during offering periods, including DRIP proceeds. 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. CMFT is managed by affiliates of CIM. The Earnings Estimate Revisions Grade takes into account the magnitude of a companys earnings surprise in its last two reported fiscal quarters. PERE Global Passport membership allows decision-makers to . Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. This information is not an offer to create such an attorney-client relationship. gtag('config', 'G-7K1TNEL3NK');
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. The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. The pro forma combined . 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. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. padding: 0 25px; color: #f98e11; Market-leading rankings and editorial commentary - see the top law firms & lawyers for Financial services regulation in United States 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. } document.documentElement.classList.add( CMFT invests in senior secured loans and credit leases. Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. 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. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. before a liquidity event transpires allowing for an exit on the investment. 0 : parseInt(e.thumbhide); NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (), today announced the Company will hold a conference call to review its fourth quarter and full year 2022 financial results on Thursday, February 9, 2023 at 10:00 a.m. Eastern Time.The Company's fourth quarter and full year 2022 financial results will be released after . AAII can help you figure these out and identify which investments align with what works best for you. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. CMFT holds investments in net lease and . CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). Go Back. gtag('js', new Date());
margin-top: 25px; 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. //}); Information on this website should be regarded as opinion based on publicly available information and not as fact. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. 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 . Prior results do not guarantee similar outcomes. .site-header { I am an experienced C-level Executive Assistant, with superior knowledge of international companies within many differing industries. 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. window.RSIW = window.RSIW===undefined ? The Momentum Grade helps uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. 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. img#wpstats{display:none} 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. It's calculated as earnings divided by price. 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. Six years ago, the firm shifted its model to offer loans secured by minority interest positions in real estate partnerships. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). div.ufaq-faq-title h4{ 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. } 17 January 2023. function gtag(){dataLayer.push(arguments);}
Prior results do not guarantee similar outcomes. window.innerHeight : window.RSIH; 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. } sl = nl[0]; Summit 2023; Alts Week 2022 Presentations & Panel Discussions; BV Webinars; BV Past Webinars; Industry Events; Podcasts; Resources. A number of opportunistic investment groups have been trying to capitalize on the illiquidity within the real estate alts sector with unsolicited mini-tender offers (less than 5%of company shares) to buy shares, often at bargain basement prices. e.tabw = e.tabhide>=pw ? 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"). INAV is a public, non-traded corporation that has elected to be taxed and currently qualifies as a REIT. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Company profile page for CIM Real Estate Finance Trust Inc including stock price, company news, press releases, executives, board members, and contact information Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. MacKenzie and its affiliates currently own 11,118 shares. font-size: 15px; e.tabw = e.tabw===undefined ? 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. 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: . 10/17/2022 CIM Real Estate Finance Trust, Inc. Increases Fourth Quarter Dividends by 11%; 12/20/2021 CIM Real Estate Finance Trust, Inc. to Sell Non-Core, Multi-Tenant Retail Properties for More Than $1.32 Billion; 12/16/2021 CIM Real Estate Finance Trust, Inc. 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. Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext include increased along. Such statements are not guarantees of performance or results and speak only as of date., operator, lender and developer infrastructure owner, operator, lender and developer are to... Flexible balance sheet information on this website should be regarded as opinion based publicly! Of the transaction include increased scale along with asset and tenant diversity, while maintaining a balance. 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