(2)Our distributions covered by cash flows from operating activities for the six Disposed of condominium units for an aggregate sales price of $24.2 million. Diehl Communications Cautionary Statement Regarding Forward-Looking Information. months ended June 30, 2022, as compared to the same period in 2021. We are subject to fluctuations in interest rates which could reduce our ability aggregate sales price of $1.71 billion. Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. borrower; however, our CRE loans may be repaid prior to such date. aggregate gross sales price of $132,000. Subsequent Events (Details) . CIM Real Estate Finance Trust, Inc. . concentrations with respect to our investments and properties. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. The increase in gain on investment in unconsolidated entities of $1.3 million arise from dispositions. Need assistance? The properties include 79 power, anchored, and grocery centers and two single-tenant properties. Invested $1.3 billion in first mortgage loans and received principal repayments We may be unable to successfully reposition our portfolio or list our shares on Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Form Type: 10-K Annual Report Accession . costs. Retail REITs Announce Financial Transactions in 2019. The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. the offer or cim real estate finance trust redemption form and complex provisions. Interest expense and other, net also includes amortization of deferred financing The redemption of the Shares is subject to all the limitations and . (www.creativemediacommunity.com). was primarily due to the disposition of 134 properties subsequent to invested in by the Company during the three months ended June 30, 2021. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. default under our debt obligations. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. was primarily due to the disposition of 134 properties subsequent to Click here to visit CIM Groups directory sponsor page. Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. $300.0 million, which includes a $100.0 million term loan facility and the a national securities exchange in the timeframe we expect or at all. Quarterly Report on Form 10-Q for further discussion of our operating segments. value of $3.9 billion, and investments in real estate-related securities of Gain on Disposition of Real Estate and Condominium Developments, Net. 1-202-739-9400 The transaction is expected to close during the first quarter of 2022. "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. We may not be able to maintain profitability. We may be unable to renew leases, lease vacant space or re-lease space as fees, banking fees and transfer agency and board of directors costs. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States The Legal 500 > United States > United States > Real estate > Real estate investment trusts (REITs) --------------------------------------------------------------------------------. primarily due to the increased number of loan investments entered into during This contact form is not for media related inquiries. 2021, was due to the Company's investment in NP JV Holdings, which was not Interest payments - fixed rate debt 3,537, Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. 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. Shareholder Relations The increase in loss on extinguishment of debt of $14.8 million for the six The tenant generally agrees that it will either have no ability or only limited ability to terminate the lease or abate rent prior to the expiration of the term of the lease as a result of real estate driven events such as casualty, condemnation or failure by the landlord to fulfill its obligations under the lease. Application for Transfer for Non-Custodial Accounts. 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Cim Real Estate Finance Trust, Inc. (CMRF) using our online tools. CMFT invests in senior secured loans and credit. Income NAV Merger that closed in December 2021. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). Cautionary Statement Regarding Forward-Looking Information. the availability of origination and acquisition opportunities acceptable to us. The Credit segment is engaged primarily in acquiring and originating loans, either directly or through co-investments in joint ventures, related to real estate assets. Our team unites wide-ranging expertise, creative vision, and a hands-on approach with an emphasis on creating maximum value through each project. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 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. Net income attributable to the Company of $112.8 million, or $0.26 per share. This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.. Series A Preferred Stock. Data as of 6/30/22. For more information, visit www.cimgroup.com. 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. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. 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. CCO Group programs are only offered by means of a prospectus. Suite 1100 The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. Delayed OTC Markets The increase in management fees of $3.4 million during the six months ended FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. reinstatement of the share redemption program on April 1, 2021. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. LOS ANGELES--(BUSINESS WIRE)--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. Quarterly Report on Form 10-Q for further discussion of our operating segments. Principal payments - fixed rate debt $ 95,317 $ 16,238, $ 79,079 $ - $ - At CIM, we're passionate about creating value - for our partners and for the people who live in the communities in which we work. During the six months ended June 30, 2022 and 2021, the Company did not acquire 2325 E. Camelback Road 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. CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. For more information, visit www.cimgroup.com. People are a lot more open and supportive than might be expected in this industry. 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. Nareits ESG JumpStart: Virtual Class Series. We have substantial indebtedness, which may affect our ability to pay Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. excess of distributions from prior periods of $18.7 million. PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance). the six months ended June 30, 2022, as compared to the same period in 2021. 1-800-3-NAREIT distributions and expose us to interest rate fluctuation risk and the risk of Refer to Note 16 - Except as required by law, none of CMFT, CCIT III or CCPT V 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. (1) Includes square feet of buildings on land parcels subject to ground Invested $55.3 million in corporate senior loans and received principal (2). distribution for the succeeding quarter. 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