cim real estate finance trust liquidity event

Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. window.RSIW = window.RSIW===undefined ? pw = pw===0 || isNaN(pw) ? Following a big year of fundraising last year, real estate alternative investment vehicles, such as nontraded REITs and business development companies (BDCs), have been posting more record inflows in 2022. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. Over the years, there have been a number of secondary marketplaces that have launched and failed. Cim Real Estate Finance Trust Inc does not currently pay a dividend. Big names such as Blackstone and Starwood are attracting more capital, and JP Morgan recently completed a filing for its plan to launch a $5 billion nontraded REIT. 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. 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. Cautionary Statement Regarding Forward-Looking Information. For each share of common stock, CCIT II, CCIT III and CCPT V stockholders would receive, 1.501,1.093 and 2.691 shares of CIM Real Estate Finance Trust common stock, respectively, which is valued at approximately $10.97 per CCIT II share, $7.99 per CCIT III share and $19.67 per CCPT V share, based on CIM Real Estate Finance Trusts most recently estimated net asset value per share of $7.31. window.innerWidth : window.RSIW; e.tabw = e.tabhide>=pw ? Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; Year-over-year quarterly sales growth most recently was 21.3%. However, one drawback of those structures has always been that investors have few options to get capital out if they need an early exit, which has fueled a practice, mini-tender offers, that some critics view as predatory. The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong. 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. Ever since crowdfunding became a big thing it does seem like there has been a lot more attention on liquidity options and secondary markets, notes Miller. Following the closings of the merger transactions, former stockholders of CIM Real Estate Finance Trust, CCIT II, CCIT III and CCPT V are expected to own approximately 67 percent, 22 percent, 1 percent and 10 percent of the combined company, respectively. CMFT is managed by affiliates of CIM. For more information, visitwww.cimgroup.com. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or . 3) Premium is approximate, based on the average exchange ratio. Both CMFT and INAV and their directors and executive officers, as well as certain affiliates of CIM Group, LLC serving as their external advisors, may be deemed to be participants in the solicitation of proxies from their respective shareholders (or, in the case of CMFT, from the stockholders of INAV) in respect of the proposed merger between INAV and CMFT. Estate Planning 101 . The pro forma combined . This information should not be relied upon or construed as legal advice. The distribution reinvestment plans of all four REITs will be suspended pending the closing of the proposed transactions. Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. CIM Real Estate Finance Trust has investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. sl; margin-top: 25px; The company expects to use the available cash and leverage capacity to fund future investments. background-size: 360px auto; This allows investors to access liquidity without selling at a discount, notes Miller. market. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. 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. padding-left: 0; In connection with the proposed merger, CMFT intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of INAV and will also constitute a prospectus of CMFT. .et_pb_text_inner h1{ PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 per share, resulting in an increase from 9.15 in Q3 to 10.17 per share for the fourth quarter. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); In January 2012, the board made a number of changes with a view to improving future total returns, including rebasing the dividend to what was deemed a sustainable level and changing the benchmark . In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. INAVis managed by affiliates of CIM. President at Queens' College, Cambridge 5d Report this post margin-bottom: 4px; e.gw : [e.gw]; color: #f98e11; CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets Contacts Shareholder Relations [email protected] The pro forma combined company . 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. Equity Sales Company, CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs, Alts Week 2022 Presentations & Panel Discussions, Capital Square Reports Record Year: $2.29 Billion in Acquisitions and More Than $1 Billion in Equity Raised in 2022, Bluerock Capital Markets Logs a Record $4+ Billion in Annual Capital Raise in 2022, Up 92% Over 2021s Record Inflows, StratCap Acquires Nearly $20 Million in Digital Infrastructure Assets in December, Phoenix American Announces New Client, Cannabis Fund Sponsor AC Capital Partners, for Fund Administration, Understanding the Terms of the Blackstone REIT Share Repurchase Plan. I have previously needed to prioritise taking senior short term roles as they arose, in order to afford me financial stability. Lastly, its important to evaluate a stock by comparing it against others in the same industry. overflow: hidden; In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. function gtag(){dataLayer.push(arguments);} When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. padding: 15px 20px !important; 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. Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. 0 : e.tabw; Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). Cim Real Estate Finance Trust Incs trailing 12-month revenue is $408.0 million with a 28.7% profit margin. PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M width: 70px; As a publicly registered non-traded REIT, various third-party brokerage firms and their financial advisors recommended an investment in the Company to retail investors nationwide. img#wpstats{display:none} CIM Real Estate Finance Trust is expected to realize approximately $3.5 million in annual savings as a result of operational efficiencies from the proposed mergers, the company said. .ufaq-faq-body p{ The Special Committee of the Board of Directors of INAV has engaged Jones Lang LaSalle Securities, LLC, an affiliate of Jones Lang LaSalle America, Inc. as their financial advisor, and Nelson Mullins Riley & Scarborough LLP as their legal advisor. e.tabh = e.tabh===undefined ? margin-bottom: 15px; The frequency, price, and limitations vary by investment program. #primary-menu .dropdown-menu a:hover{ de C.V.) (BIVA: MEXAMX), a leading financial technology company in . Contacting us does not guarantee that the firm will undertake representation of you. According to documents recently filed with the U.S. Securities and Exchange Commission, Tel Aviv-based Comrit Investments 1, LP (Comrit) plans to launch a tender offer for up to 18.3 million shares of CIM at $5.01 per share, with the offer expiring on September 30, 2021 (unless extended). For a free consultation with a securities attorney, please call the offices at 888-637-5510. REITs are a way to invest in real estate without buying a property outright. Statements that describe future plans and objectives are also forward-looking statements. color: #093463; CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Financial services regulation in United States In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. CIM Real Estate Finance Trust, Inc. . More recently, Realto launched a secondary marketplace platform. } background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Path to Liquidity:The merger transaction is one more step in the execution of CMFTs business plan and is anticipated to better position CC CMFT for a public market listing, which, subject to market conditions, is expected to occur in 2022.2. 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. e.tabw = e.tabw===undefined ? Here, well take a closer look at Cim Real Estate Finance Trust Incs stock grades for value, growth and quality. text-transform: uppercase !important; .et_pb_text_inner h1:before{ Investors may pursue a claim to recover monies through securities arbitration before FINRA, or in some instances, through litigation. Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. REITs pool investors' capital and act as trustees that manage portfolios of properties on behalf of . Banking products and services are offered by referral arrangements . To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. Generally, we think the model, or, more specifically, the discounts MacKenzie tends to offer while leveraging the third-party tender offer model, are predatory, agrees John Cox, founder and CEO of Cox Capital Partners, an investment management firm specializing in alternative asset management strategies and secondary market liquidity solutions. } 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. CMFT holds investments in net lease and . . These offer intuitive AF grades for each of five key investing factors: value, growth, momentum, earnings revisions and quality. It is essentially the inverse of the P/E ratio. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); most likely to outperform the console.log("Failure at Presize of Slider:" + e) 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. window.dataLayer = window.dataLayer || []; Wealth Management is part of the Informa Connect Division of Informa PLC. However, there is a bigger ecosystem that is being built to facilitate liquidity in a very illiquid marketplace, he adds. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. .woocommerce-product-gallery{ opacity: 1 !important; } Information regarding the directors, executive officers and external advisors of INAV and CMFT is contained in the Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC by each entity on March 31, 2021, as amended by INAV on April 19, 2021 and as amended by CMFT on April 27, 2021. Workplace Enterprise Fintech China Policy Newsletters Braintrust lk Events Careers xk. 0 : parseInt(e.tabh); The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Oftentimes, they are thrilled to take any available offer because there are no other options to access quick liquidity, even if they feel that the offer doesnt represent a fair price, notes Cox. https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png. content: ""; CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . I am an experienced C-level Executive Assistant, with superior knowledge of international companies within many differing industries. 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. Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. function setREVStartSize(e){ We encourage investors to do their own due diligence and research through programs of education that teach you to invest for yourself. display: block; } 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. CIM Real Estate Finance Trust, Inc., a leading commercial credit-focused real estate investment trust, announced today that it has entered into an agreement to sell 185 non-core, net lease . While in some cases non-traded REIT investors can redeem their shares directly with the investment sponsor, such redemption opportunities may be limited to a percentage of shares held, and in some instances, such redemption programs can be altogether suspended by the sponsor. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Here, the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche: vacation homes. Year-over-year quarterly sales growth most recently was 21.3%. THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. The Blue Vault Summit could not have been more perfectly timed. Cadre Horizon Fund, Inc. (the "Initial Fund") is a newly organized Maryland corporation that will operate as a registered non-diversified, closed-end management investment company that provides periodic liquidity with respect to its shares ("Shares") pursuant to Rule 13e-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? These 4 key factors, when combined with the above, provide a holistic view into a stock. Last year, the Company announced its intention to transition to a mortgage REIT. It believes that there is significant latent value within SIGT's portfolio, and due to wide disparities in the market, there are . This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. 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. . 0 : parseInt(e.thumbw); The team at Seneca Investment Managers aims to generate average total returns of at least CPI +6% pa over the course of a typical investment cycle. Each special committee recommended approval of the merger agreement to its respective Board of Directors. Investors may obtain additional information regarding the interest of such participants by reading the proxy statement of INAV regarding its proposed merger with CMFT when it becomes available. 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