650 Fifth Avenue. Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE focused on acquiring a diversified global portfolio of commercial properties, . Research. Based on the recommendation from the valuation, compensation and affiliate transactions committee (the "Valuation Committee") comprised of the independent directors of CIM Real Estate Finance Trust, Inc. (the "Company"), on March 25, 2020, the Company's board of directors (the "Board") unanimously approved and established an estimated per share net asset value ("NAV") of the . Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). PHOENIX, December 16, 2021--CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction Fund resources. CIM Real Estate Finance Trust Inc. Shareholders may have Claims CIM announces Merger Plans for 4 Cole REITs. On March 5, 2021, we declared a quarterly cash dividend of $0.35313 per share of our Series D Preferred Stock, or portion thereof for issuances during the second quarter of 2021. Shares of this non-traded real estate investment trust (REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share.Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. 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 . 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 arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. (Just Now) MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. Process for redeeming shares. Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). Cim Real Estate Finance Trust Redemption. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. Non-Traded REITs are generally speculative, high risk investments and due to these risks are often unsuitable for most investors. In the offer letter to shareholders, MacKenzie highlighted the redemption record of the REIT and pointed out that of the shares submitted for redemption till 30 th September 2021, 59 million were still to be redeemed. Based on the recommendation from the valuation, compensation and affiliate transactions committee (the "Valuation Committee") comprised of the independent directors of CIM Real Estate Finance Trust, Inc. (the "Company"), on March 25, 2020, the Company's board of directors (the "Board") unanimously approved and established an estimated per share net asset value ("NAV") of the . This could be a problem for investors, if they need to liquidate their shares. 650 Fifth Avenue. 5.43 USD. As of 05:20 PM EDT 05/12/2022 EDT. Promulgation of Form T-1. August 26, 2021. CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries . Stockholders: NOTICE IS HEREBY GIVEN that the 2021 Annual Meeting of Stockholders of CIM Real Estate Finance Trust, Inc., a Maryland corporation (the . Unfortunately for investors it appears that many financial advisors . 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"). Program Activities 1. Cole Credit Property Trust IV, Inc., now renamed CIM Real Estate Finance Trust, Inc. (the "Company") intends to pursue a more diversified investment strategy across the capital structure, ultimately as a mortgage real estate investment trust ("REIT"), by balancing the Company's . exhibit (a)(1) offer to purchase for cash 15,550,000. shares of common stock of. New York, NY 10019. . On March 6, 2020, OLMS published a final rule in the Federal Register establishing a new annual financial report, Form T-1, to be used by labor organizations for trusts in which they are interested. AR Global Investments, LLC. By fund. On December 20, 2021 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN"), American Finance Operating Partnership, L.P . View all. CIM Real Estate Finance Trust, Inc. . Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . ?Program (Details) Subsequent Events. CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries . Announces Completion of Merger with CIM Income NAV, Inc. December 16, 2021, 7 . Phone: 212.415.6500. On August 31, 2020, CMFT announced plans to acquire three smaller CIM Group managed real estate investment trusts ("REITs") -- Cole Office & Industrial REIT (CCIT II), Inc. ("CCIT II"), Cole Office & Industrial REIT (CCIT III), Inc. ("CCIT III") and Cole Credit Property Trust V . LOS ANGELES, September 22, 2021--CIM Real Estate Finance Trust has entered into a merger agreement to acquire CIM Income NAV in a stock-for-stock, tax-free merger transaction. Stockholders: NOTICE IS HEREBY GIVEN that the 2021 Annual Meeting of Stockholders of CIM Real Estate Finance Trust, Inc., a Maryland corporation (the . Filed by: CIM Real Estate Finance Trust, Inc. Pursuant to Rule 425 under the Securities Act of 1933. and deemed filed pursuant to Rule 14a-12. 2020 Annual Report U.S. Department of Labor - DOL. Form 8-K CIM REAL ESTATE FINANCE For: Dec 20 . For a free consultation with a securities attorney, please call the offices at 888-637-5510. . We recently discussed plans by Tel Aviv-based Comrit Investments 1, LP (Comrit) to launch a tender offer for 18.3 million shares of CIM Real Estate Finance Trust, Inc. (CIM or the Company) at a price of $5.01 per share in cash. CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . Their Total Assets decreased from more than $2B in 2016 to less than $700M today. Avg Price Recovery. As a result of the asset sales, they have paid out more than $60 . The transactions are expected to close in the fourth quarter of 2020, subject to customary closing conditions, including the approval of the respective mergers by stockholders of each company. Please call (866) 584-1381 with questions. The redemption of the Shares is subject to all the limitations and . Url: View details. Second Quarter 2021 Results. CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. 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. American Finance Trust, Inc. . Houses (Just Now) Cim Real Estate Finance Trust Redemption. Filed by: CIM Real Estate Finance Trust, Inc. . On December 20, 2021 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN"), American Finance Operating Partnership, L.P . Best dividend capture stocks in May. MacKenzie and its affiliates currently . New York, NY 10019. How you can fill out the Get And Sign CCPT V Cole Credit Property Trust V Inc CCPT V 2015 Form online: To get started on the document, use the Fill & Sign Online button or tick the preview image of the blank. Form Type: 10-K Annual Report Accession Number: 0001498547-22-000027 ("DRIP") and share redemption plan ("SRP") have been suspended for the duration of the merger process . Cole Credit Property Trust IV (CCPT IV) changed the corporate name of the Company to CIM Real Estate Finance Trust, Inc., on August 14, 2019. Add To Watchlist. . . (Just Now) MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. The offer price is 56.3 percent less than the REIT's most recent net asset value per share of $7.20, as of March 31, 2021. Before it's here, it's on the Bloomberg Terminal. To CIM Real Estate Finance Trust, Inc. Market Closed. Capitalized terms used herein have the meanings in the Offer. Dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. Creative Media & Community Trust ("CMCT") is a real estate investment trust that seeks to own, operate and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. Finance (9 days ago) OLMS Annual Reports for 2004 - 2017 are located on the OLMS website. Inland Income Trust has primarily focused on acquiring retail properties. Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. Share Redemption? KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). Data as of 9/30/21. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. On August 30, 2020, CCIT II entered into a definitive merger agreement with CIM Real Estate Finance Trust, Inc. ("CMFT") whereby, pursuant to the merger agreement, CCIT II had a "go-shop . Consolidated Balance Sheets (Unaudited and in thousands, except share and per share amounts) September 30, 2021 December 31, 2020. CMFT invests in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. CIM Real Estate Finance Trust Inc. COMPANY INFO. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study . Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). The advanced tools of the editor will lead you through the editable PDF template. . Forms + applications. Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. Event Calendar Financial Reporting & Filings Forms. 19.6 Days. A secondary market for non-listed REITs was created . calendar days of the redemption of Seller's OP Units for AFIN Common Stock; provided that the redemption has not . Declining Net Asset Value (NAV), updated June 3, 2020 . Chimera Investment Corporation (CIM) Dividend Data. Form 8937 (12-2017) HEALTHCARE TRUST, INC. 38-3888962 CURTIS PARKER 212-415-6500 CPARKER@AR-GLOBAL.COM 650 FIFTH AVENUE, 30TH FLOOR NEW YORK, NY 10019 04/15/2021 COMMON STOCK - HEALTHCARE TRUST, INC. On April 15, 2021 (the "Distribution Date"), shareholders of record at the Subsequent Events (Details) . Download the Repurchase Request Form. An . To CIM Real Estate Finance Trust, Inc. From 30 th September onwards, only 1.3 million shares had been redeemed at the $7.20 NAV. 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"). Inland Real Estate Income Trust, Inc. (Inland Income Trust), a nonlisted REIT sponsored by Inland Real Estate Investment Corporation, was formed to acquire and manage a portfolio of commercial real estate investments located in the United States. On December 20, 2021, certain subsidiaries of CIM Real Estate Finance Trust, Inc. entered into an Agreement of Purchase and Sale with American Finance Trust, Inc., American Finance Operating Partnership, L.P., and certain of their subsidiaries, companies not affiliated with the Seller, to sell to the Purchaser 79 shopping centers and two single-tenant. CIM recommended that each REIT's Board of Directors explore combining the REITs to form a larger, more diversified company focused on long-term value creation for stockholders. The updated redemption form will be available at that time at www.cimgroup.com. Step 1. I am pleased to share an exciting update related to CIM Real Estate Finance Trust, Inc. ("CMFT"). Complete sections 1-4, including signing and dating the form. Phone: 212.415.6500 Investor Relations: 866.902.0063 ASSETS Investments in real estate, net $ 498,878 $ 506,040 Cash and cash equivalents 14,552 33,636 Restricted cash 11,593 10,013 The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. Before it's here, it's on the Bloomberg Terminal. Professionally drafted and regularly updated online templates. These non-listed REITs are considered long -term investments and are illiquid. Sign Up for Email Alerts. The tender offer has been extended to October 22, 2021, according to a recent filing with the U.S. Securities and Exchange Commission. such redemption programs can be . Form Type: 10-K Annual Report Accession Number: 0001498547-22-000027 / By Irving Wilkinson / REIT and Real Estate, Services, Stock Market Today. Payout Ratio (FWD) Fwd Payout Ratio is used to examine if a company's earnings can support the current dividend payment amount. Celebrities, Fashion, and Finance Walk the Met Gala 2022 Red Carpet. by: comrit investments 1, limited partnership (the . Pursuits. 0001498547false2021Q112/31us-gaap:AccountingStandardsUpdate201613Member50cmft:DeferredRentalIncomeDerivativeAndOtherLiabilities00014985472021-01-012021-03-31xbrli . In fact, the Securities and Exchange Commission (SEC) records show the offer was extended as of August 9, 2021. A Multi-Tenant Retail REIT. Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) is a real estate investment trust (REIT) that seeks to own, operate and develop premier multifamily and creative office properties in vibrant and emerging communities throughout the United States. They have sold a large fraction of their assets. Add To Watchlist. CIM Real Estate Finance Trust - Investors may have Claims. Item 1.01 Entry into a Material Definitive Agreement. Resource library. Subsequent Events (Details) . CMCT is managed by CIM GroupĀ®, a community-focused real estate and infrastructure . As of June 30, 2021, our real estate portfolio consisted of 12 assets, all of which were fee-simple properties. NareitĀ® is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Easily download and print documents with US Legal Forms. Of all the requests received during the quarter that . CRFT will be the surviving entity after the completion of the mergers and will retain the name CIM Real Estate Finance Trust, Inc. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Enter your official identification and contact details. As of 05:20 PM EDT 05/12/2022 EDT. On December 20, 2021, certain subsidiaries of CIM Real Estate Finance Trust, Inc. entered into an Agreement of Purchase and Sale with American Finance Trust, Inc., American Finance Operating Partnership, L.P., and certain of their subsidiaries, companies not affiliated with the Seller, to sell to the Purchaser 79 shopping centers and two single-tenant. NAV Continues to Decline Updated, June 3, 2020 . It divides the Forward Annualized Dividend by FY1 EPS. Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Item 1.01 Entry into a Material Definitive Agreement. The dividend is . CIM COMMERCIAL TRUST CORPORATION AND SUBSIDIARIES. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. The offer price is 56.3 percent less than the REIT's most recent net asset value per share of $7.20, as. Learn More. Cole Credit Property Trust IV Changes Course, to Sell 454 Properties for $1.25 Billion. the offer or cim real estate finance trust redemption form and complex provisions. DALLAS--(BUSINESS WIRE)--May 10, 2021-- CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we," "our," "CMCT," "CIM Commercial," or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including . CIM Real Estate Finance Trust Inc. COMPANY INFO. Learn More. cim real estate finance trust, inc. at $4.50 per share. According to the letter, the program did not redeem approximately 37.9 million of the shares submitted for redemption as of June 30, 2019. The White Law Group continues to investigate potential FINRA arbitration claims involving broker dealers who may have unsuitably recommended non-traded REITs such as CIM Real Estate Finance Trust Inc. to investors.. . AR Global Investments, LLC. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Share Redemption? We appreciate the opportunity to serve you and thank you for your patience and understanding during this process. Many are publicly traded on the NYSE while others that are not traded are known as "non-listed". Step 2. If you are concerned about your investment losses in CIM Real Estate Finance Trust, or another CIM Group offering, please call the securities attorneys of The White Law Group at (888) 637-5510 for a free consultation.
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