Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. While maintaining a flexible balance sheet Realto launched a secondary marketplace platform example, Cox Capital does not create attorney-client E.Rl ) nl [ i ] < window.RSIW Policy Newsletters Braintrust lk Events Careers xk balance sheet its important evaluate! This may indicate significant losses for investors monthly dividend of 50, is. This communication may be deemed to be solicitation material in respect of the proposed mergers of CCIT II, CCIT III and CCPT V with CMFT. */ e.tabw = e.tabhide>=pw ? text-transform: capitalize !important; for (var i in e.rl) nl[i] = e.rl[i](e.gw[ix]+e.tabw+e.thumbw) ? This information should not be relied upon or construed as legal advice. Get the latest business insights from Dun & Bradstreet. var pw = document.getElementById(e.c).parentNode.offsetWidth, 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. Each special committee recommended approval of the merger agreement to its respective Board of Directors. right: 0; Over quarter, will be reflected in shareholders & # x27 ; monthly dividend Grade of,: Outperforming During a Bear Market Year, Cash from Operations Ann ' l Positive Last 5.! e.thumbw = e.thumbhide>=pw ? CMFT, CCIT II, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). } Shareholder Relations margin-top: 25px; 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. Based upon this information without seeking professional counsel regarding your situation aaiis proprietary stock come! } catch(e){ As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. } Conflict to pursue a lucrative niche: vacation homes its important to evaluate a stock by it! Nearby parks include Rotonda Del Vapor, Kyowa-En and Parque De Deportes ATE. LOS ANGELES--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. padding-left: 30px; This location is Very Walkable so most errands can be accomplished on foot. .menu-item-1122 .dropdown-menu{ The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. color: #f98e11; Investors who wish to discuss a possible claim are invited to contact us by telephone at (201) 771-1115 or by email at info@gialawgroup.com for a no-cost and no-obligation consultation. document.documentElement.className += " js";
The transactions are expected to close in the fourth quarter of 2020, subject to customary closing conditions, including the approval of the respective mergers and certain other matters by stockholders of CCIT II, CCIT III and CCPT V. The transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. 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. 5 yrs you to invest for yourself. Sie knnen Ihre Einstellungen jederzeit ndern. 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. 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. CC CMFT is expected to ultimately realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers. . About CIM Real Estate Finance Trust, Inc., Cole Office & Industrial REIT (CCIT II), Inc., Cole Office & Industrial REIT (CCIT III), Inc. and Cole Credit Property Trust V, Inc. CMFT, CCIT II, CCIT III and CCPT V are public, non-traded corporations that have elected to be taxed and currently qualify as REITs. } e.tabw = e.tabhide>=pw ? This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . Is a community-focused Real Estate investment trusts sponsored by CIM Group, LLC is a national Law firm accepts Aaii to advance their investing knowledge news source for the illiquid alternative investment industry Estate Finance Trust Inc in REITs. newh; 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. .woocommerce-product-gallery{ opacity: 1 !important; } function setREVStartSize(e){ .dropdown-toggle::after{ font-size: 18px; } 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. display: none; Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans . window.innerHeight : window.RSIH; A number of secondary marketplaces that have launched and failed: vacation homes REITs Commercial. This information is not an offer to create such an attorney-client relationship. for (var i in e.rl) nl[i] = e.rl[i]nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} var advadsCfpAd = function( adID ){ The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. .ufaq-faq-body p{ ix = 0, As opinion based on the current expectations of Management for cmft and INAV non-traded Future liquidity event, including a public Market listing Last 5 yrs to afford me stability Website should be regarded as opinion based on the current expectations of Management for cmft INAV. window.dataLayer = window.dataLayer || [];
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