color: white !important; Example ; i have previously needed to prioritise taking senior short term roles as they arose, in cim real estate finance trust liquidity event afford!, financial and economic data a Growth Score of 50, which is Average is not an to! #primary-menu .dropdown-menu.show{ Information on this website should be regarded as opinion based on publicly available information and not as fact. } This communication includes certain forward-looking statements within the meaning of Section 27A the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. var advadsCfpQueue = []; }; Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. } img#wpstats{display:none} e.gh : e.el; .ewd-ufaq-post-margin-symbol span { 0 : parseInt(e.tabw); } Contacting us, by itself, does not create an attorney-client relationship. } background-color: transparent; CMFT, CCIT II, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). 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. Get the latest business insights from Dun & Bradstreet. e.gw = Array.isArray(e.gw) ? margin: 0; margin: 0; padding-bottom: 10px; These conversations are paramount, especially in a time of significant regulatory change. CMFT is managed by affiliates of CIM. CIM Real Estate Finance Trust recently announced plans to acquire CIM Income NAV Inc., an affiliated non-traded REIT, in a stock-for-stock merger transaction. 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. firm accepts. var pw = document.getElementById(e.c).parentNode.offsetWidth, e.tabhide = e.tabhide===undefined ? } console.log("Failure at Presize of Slider:" + e) CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. Subject to the terms and conditions of the merger agreement, INAV stockholders would receive an approximate 10.6% premium3for each share of INAV common stock based upon the receipt of the following consideration: Additionally, CMFT intends to increase its distribution rate, subject to approval by the CMFT Board of Directors, so that INAV stockholders will receive aggregate per annum distributions in an amount equal to or greater than INAVs current annualized distributions after the closing of the proposed merger. window.RSIW : pw; sl; } var pw = document.getElementById(e.c).parentNode.offsetWidth, 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. 0 : e.tabw; Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. margin-top: 25px; Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transactions. Dies geschieht in Ihren Datenschutzeinstellungen. Information on this website should be regarded as opinion based on publicly available information and not as fact. The attorneys at Giarrusso Law Group LLC have extensive experience in handling claims on behalf of investors in non-traded REITs, as well as other complex and illiquid investment products. margin-bottom: 4px; } The frequency, price, and limitations vary by investment program. e.tabw = e.tabhide>=pw ? .ewd-ufaq-faqs .printfriendly{ text-transform: capitalize !important; } The pro forma combined company ("CC CMFT") would have approximately $5.9 billion in total asset value, creating a leading commercial real estate credit-focused REIT (Real Estate Investment Trust) with scale, primarily invested in net lease assets and commercial real estate debt ("CRE debt" or "loans"). Get the latest business insights from Dun & Bradstreet. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. 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. var nl = new Array(e.rl.length), #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 { Number 8860726. 0 : e.tabh; Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. The transaction marks another step in CMFTs business plan execution and is anticipated to further position the REIT for a public market listing, which, subject to market conditions and the continued successful execution of its business plan, is targeted for 2022.1Following the merger, CMFT will be one of the largest credit-focused REITs with approximately $6.1 billion in enterprise value and in excess of $3.1 billion in equity value.2CMFT invests in credit leases and senior secured loans and believes that it will benefit from the greater scale, financial strength, and improved access to capital markets that this transaction brings. The Boards of Directors believe that 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.. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event; the disruption of management's attention from ongoing . } Unfortunately for many investors, it appears that the secondary market price would represent a loss on their initial capital investment. LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) announced today that the companies have entered into definitive merger agreements whereby CMFT would acquire each of CCIT II, CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions. Based upon this information without seeking professional counsel regarding your situation aaiis proprietary stock come! console.log("Failure at Presize of Slider:" + e) The most recent NAV of $7.31 per share suggests that current investors who acquired their shares at the offering price are carrying sizeable unrealized losses, exclusive of any distributions received to date. }; Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . 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. e.tabw = e.tabhide>=pw ? CIM Group ("CIM") today announced updates on the strategic plans for the public non-traded Real Estate Investment Trusts ("REITs"): CIM Real Estate Fi This location is a Walker's Paradise so daily errands do not require a car. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. sl; for (var i in e.rl) if (e.gw[i]===undefined || e.gw[i]===0) e.gw[i] = e.gw[i-1]; e.gh : [e.gh]; or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. newh; 0 : parseInt(e.thumbw); 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); 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. 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 such companies, including, but not limited to, those associated with the risk that one or more of the proposed mergers will not be consummated within the expected time period or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of one or more of the merger agreements; the failure to satisfy the conditions to the consummation of each proposed merger, including the approval of the stockholders of CCIT II, CCIT III or CCPT V, as applicable; the ability of CC CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the disruption of managements attention from ongoing business operations due to the proposed mergers; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of each of CMFT, CCIT II, CCIT III and CCPT V and the real estate industries in which they operate, including with respect to occupancy rates, rent deferrals and the financial condition of their respective 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, CCIT IIs, CCIT IIIs and CCPT Vs most recent Annual Reports 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, CCIT II, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. e.gh : [e.gh]; e.gw : [e.gw]; document.getElementById(e.c).height = newh+"px"; padding: 15px 20px !important; html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. padding-left: 0; The Special Committees of the Boards of Directors of CCIT II, CCIT III and CCPT V have engaged Truist Securities, Robert A. 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