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. Traditionally, shareholders seeking liquidityhave been limited to options that include: However, groups such as Cox Capital and QuickLiquidity are working to educate stakeholders about alternatives for liquidity. Cim Real Estate Finance Trust Inc (CCPT) Dividend yield, percetage of earnings per share payed out as dividend by quarter - CSIMarket. In connection with the proposed merger, INAV intends to file relevant materials with the SEC, including a proxy statement on Schedule 14A relating to a special meeting of its stockholders. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. .ewd-ufaq-faqs{ Last year, the Company announced its intention to transition to a mortgage REIT. Prior results do not guarantee similar outcomes. 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. } A+ Investor adds to its qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions, find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs and understand your portfolio at a more detailed level. .ewd-ufaq-faqs .printfriendly{ } 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. . for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); gtag('js', new Date()); window.innerHeight : window.RSIH; CMFT invests in senior secured loans and credit leases. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. newh; Stocks, bonds and mutual funds are offered through Manulife Securities Incorporated. It is essentially the inverse of the P/E ratio. The tender offer expires on March 7th. Most people have been aware of this liquidity gap in real estate alts for a long time, and we view these third-party tender offer firms as step one in taking advantage of that illiquidity, says Sean Stephan, a partner at Cox Capital Partners. AAIIs proprietary stock grades come with A+ Investor. Equity capital raised during offering periods, including DRIP proceeds. MEXICO CITY, Jan. 17, 2023 /PRNewswire/ -- Tangerine Pomelo Group, S.A.P.I. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); 0 : e.thumbw; REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . 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, said Richard Ressler, Principal and Co-Founder of CIM Group. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . #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; 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. 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. . 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. e.tabw = e.tabhide>=pw ? Banking products and services are offered by referral arrangements . Prior results do not guarantee similar outcomes. background-size: 768px auto; Seneca Global Income & Growth Trust (SIGT) has a multi-asset investment strategy, with an overriding focus on value. Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors } QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. text-transform: uppercase !important; 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. Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. Year-over-year quarterly sales growth most recently was 21.3%. Cim Real Estate Finance Trust Inc has a Growth Score of 50, which is Average. As of March 31, 2021, CIM had total assets of over $5 billion and total liabilities of nearly $2.5 billion, as compared to total assets of approximately $4 billion and liabilities of nearly $1.8 billion as of June 30, 2020. 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. CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. 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. . } Go Back. 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. 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. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. */ Alternative Liquidity Index LP has announced an offer to purchase up to 2,002,000 Contingent Value Rights (the "CVRs") of Jade Power Trust (the "Issuer"), at a price of $0.2 (2 cents) in US . 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. xh . sl; Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). 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. AAIIs A+ Investor Quality Grade comes from the ranking of key metrics. Lastly, its important to evaluate a stock by comparing it against others in the same industry. One example of a secondary marketplace that has been around for several years is Central Trade & Transfer. 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. newh = Math.max(e.mh,window.RSIH); The frequency, price, and limitations vary by investment program. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. Some of the crowdfunding sites, such as Cadre, also have a secondary market for investors. CMFT is managed by affiliates of CIM. Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transaction. Even the SEC acknowledges that mini-tender offers are often aimed at catching investors off guard and offers a list of tips to shareholders. This communication may be deemed to be solicitation material in respect of the proposed merger of INAV with CMFT. Where it becomes a debate is what is a fair discount? says A. Yoni Miller, co-founder of QuickLiquidity, a direct lender for commercial real estate investors that have trapped equity. Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions. Just the opposite: The sector is seeing significant fundraising growth, adds Stephan. Cim Real Estate Finance Trust Inc does not currently pay a dividend. div.ufaq-faq-title h4{ 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. President at Queens' College, Cambridge 5d Report this post NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (NYSE:ARI), today announced the Company will hold a conference call to . After all, vacation homes generate 160% more revenue . .menu-item-1122 .dropdown-menu{ e.thumbh = e.thumbhide>=pw ? Whether or not you should buy Cim Real Estate Finance Trust Inc stock will ultimately depend on your individual goals, risk tolerance and allocation. 2022 Review of AAII Stock Screens: Outperforming During a Bear Market Year, Cash from Operations Ann'l Positive Last 5 yrs. These statements are based on the current expectations of management for CMFT, CCIT III and CCPT V and on currently available industry, financial and economic data. 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. 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. 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. According to Robert A. Stanger & Co., the real estate alts sector has raised $69.3 billion yeartodate through Julya 95% increase over the same period of 2021. 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. 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. The pro forma combined company (CC CMFT) would have approximately $6.0 billion in total enterprise value, creating a leading commercial credit-focused real estate investment trust (REIT) with greater tenant, industry, and asset type diversity, financial strength, and improved access to capital markets. In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. Digital Media Kit; . The merger agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors. CIM Real Estate Finance Trust, Inc. - 2021-Q4. 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. The distribution reinvestment plans of all four REITs will be suspended pending the closing of the proposed transactions. AAIIs stock screen that follows the companies with the highest earnings estimate revisions (i.e., the best grades) has a 23.3% backtested annual return since inception, whereas an example screen following those with the worst revisions has a backtested annual return since inception of under 5%. Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. 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