cim real estate finance trust liquidity event

Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. BREIT's S shares, with a minimum investment of $2,500, cost 2.1% per year (a 1.25% management fee plus a 0.85% stockholder servicing fee), in . newh = Math.max(e.mh,window.RSIH); 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. Giarrusso Law Group LLC may partner with law firms located in other jurisdictions, as needed, on a case-by-case basis, on behalf of clients located in but not limited to: New York City-Long Island-Jersey City-Newark, Atlanta-Sandy Springs-Alpharetta, Austin-Round Rock-Georgetown, Baltimore-Columbia-Towson, Boston-Cambridge-Newton, Charlotte-Concord-Gastonia, Chicago-Naperville-Elgin, Cincinnati, Dallas-Fort Worth-Arlington, Denver-Aurora-Lakewood, Detroit-Warren-Dearborn, Houston-The Woodlands-Sugar Land, Las Vegas-Henderson-Paradise, Los Angeles-Long Beach-Anaheim, Miami-Fort Lauderdale-West Palm Beach, Minneapolis-St. Paul-Bloomington, Orlando-Kissimmee-Sanford, Philadelphia-Camden-Wilmington, Phoenix-Mesa-Chandler, Pittsburgh, Portland-Vancouver-Hillsboro, Riverside-San Bernardino-Ontario, Sacramento-Roseville-Folsom, San Antonio-New Braunfels, San Diego-Chula Vista-Carlsbad, San Francisco-Oakland-Berkeley, Seattle-Tacoma-Bellevue, St. Louis, Tampa-St. Petersburg-Clearwater, and Washington DC-Arlington-Alexandria. 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. Banking products and services are offered by referral arrangements . 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. We encourage investors to do their own due diligence and research through programs of education that teach you to invest for yourself. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). Whether or not you should buy Cim Real Estate Finance Trust Inc stock will ultimately depend on your individual goals, risk tolerance and allocation. or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. software and grassroots meetings. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } By Zach Banning } AAII can help you figure these out and identify which investments align with what works best for you. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . text-transform: uppercase !important; The company expects to use the available cash and leverage capacity to fund future investments. Additional Information and Where to Find It. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. e.thumbw = e.thumbhide>=pw ? About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. 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). This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). By offering higher prices, we see a lot more people come to the table for more differentiated reasons, says Cox. Some of the crowdfunding sites, such as Cadre, also have a secondary market for investors. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. function setREVStartSize(e){ 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. } The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. RBC Capital Markets, LLC is acting as financial advisor to the Special Committee of the Board of Directors of CMFT, and Sullivan & Cromwell LLP and Venable LLP are acting as legal advisors to the Special Committee of the Board of Directors of CMFT. Prior results do not guarantee similar outcomes. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. Definition of REITs. The frequency, price, and limitations vary by investment . else{ Equity capital raised during offering periods, including DRIP proceeds. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. function gtag(){dataLayer.push(arguments);} 'jetpack-lazy-images-js-enabled' . 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. 0 : e.thumbh; 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 . Year-over-year quarterly sales growth most recently was 21.3%. margin: 0; if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); We believe combining INAV and CMFT will benefit stockholders of both companies by creating a larger, more diversified and valuable company, positioning the company for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. CFA Level 1 Preparatory Course Managing People in Organisations 1 10 14 134 for Economics 1 5 15 75 Marketing, Sales & Customer Service 1 10 15 144 CFA Level 1 Preparatory Course for Introduction to Economics 1 10 8 77 Quantitative Methods 1 5 13 65 Structure of Accounts 2 20 18 173 Commercial Loan Documentation 1 5 12 60 Management and . 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. content: ""; market. PERE Global Passport membership allows decision-makers to . MEXICO CITY, Jan. 17, 2023 /PRNewswire/ -- Tangerine Pomelo Group, S.A.P.I. } 228 | Cell: 613-798-3804. 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 . 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. A Real Estate Investment Trust (REIT) is a type of security that invests in real estate through the purchase of properties, loans to property owners and developers, or interests in mortgages. build their investment wealth through Giarrusso Law Group LLC may partner with law firms located in other jurisdictions, as needed, on a case-by-case basis, on behalf of clients located in but not limited to: New York City-Long Island-Jersey City-Newark, Atlanta-Sandy Springs-Alpharetta, Austin-Round Rock-Georgetown, Baltimore-Columbia-Towson, Boston-Cambridge-Newton, Charlotte-Concord-Gastonia, Chicago-Naperville-Elgin, Cincinnati, Dallas-Fort Worth-Arlington, Denver-Aurora-Lakewood, Detroit-Warren-Dearborn, Houston-The Woodlands-Sugar Land, Las Vegas-Henderson-Paradise, Los Angeles-Long Beach-Anaheim, Miami-Fort Lauderdale-West Palm Beach, Minneapolis-St. Paul-Bloomington, Orlando-Kissimmee-Sanford, Philadelphia-Camden-Wilmington, Phoenix-Mesa-Chandler, Pittsburgh, Portland-Vancouver-Hillsboro, Riverside-San Bernardino-Ontario, Sacramento-Roseville-Folsom, San Antonio-New Braunfels, San Diego-Chula Vista-Carlsbad, San Francisco-Oakland-Berkeley, Seattle-Tacoma-Bellevue, St. Louis, Tampa-St. Petersburg-Clearwater, and Washington DC-Arlington-Alexandria. padding: 15px 20px !important; pw = pw===0 || isNaN(pw) ? Such high commissions and related expenses add up quickly and act as an immediate drag on investment performance. } catch(e){ The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. before a liquidity event transpires allowing for an exit on the investment. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Giarrusso Law Group LLC is a national law firm that accepts cases throughout the United States, subject to individual state bar rules. This Book Changed My Life, Fifteen Must-Listen Business Podcasts for Advisors, Celebrity Estates: Jay Leno and Planning for Classic Car Collections, 500,000 shares of American Healthcare REIT Inc, launched a secondary marketplace platform, CMG Partners and its affiliates launched an, In March, MacKenzie Capital Management LP made a mini-tender offer, tendering their shares to the REIT or BDC for repurchase, listing their shares on an exchange or auction site, Allowed HTML tags:

. .ewd-ufaq-faqs{ /*font-weight: bold;*/ Contacting us, by itself, does not create an attorney-client relationship. } The pro forma combined . 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 . } 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 the proposed merger 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 the merger agreement; the failure to satisfy the conditions to the consummation of the proposed merger, including the approval of the stockholders of INAV; 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 merger; 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 and INAV 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 and INAVs 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 and INAV with the SEC, copies of which are available on the SECs website,www.sec.gov. CIM Real Estate Finance Trust, Inc. 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. . The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCITIII and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December17, 2020. var nl = new Array(e.rl.length), Brian King at Realto Capital describes MacKenzie Capital and others as taking a vulture-like approach that takes advantage of unsuspecting retail investors by A) painting a worst-case scenario for shareholders; B) offering a low-ball price and C) giving them a very short window to act nowjust like a late-night infomercial. Another point of contention is that third-party tender firms are circumventing financial advisors and going right to shareholders, who may not be sophisticated real estate investors. 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. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). Ultimately, what we want to do is do away with these third-party tender offer firms that are really taking advantage and providing unfair values, says Stephan. 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 . Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2021-Q4. sl; In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. 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. margin-top: 25px; 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. NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) Apollo Commercial Real Estate Finance, Inc. (the "Company" or "ARI") (), today announced the Company will hold a conference call to review its fourth quarter and full year 2022 financial results on Thursday, February 9, 2023 at 10:00 a.m. Eastern Time.The Company's fourth quarter and full year 2022 financial results will be released after . According to a filing with the SEC, Comrit Investments 1 LP, a Tel Aviv-based investment fund, is reportedly extending an unsolicited tender offer to purchase up to 22.4 million shares of CIM Real Estate Finance Trust Inc., for $4.61 per share. Wealth Management is part of the Informa Connect Division of Informa PLC. border-bottom: solid 1px #163a64; newh; For more information, visitwww.cimgroup.com. img#wpstats{display:none} This may indicate significant losses for investors. 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. 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. Learn more about A+ Investor here! For more information, visitwww.cimgroup.com. 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. font-size: 18px; The firm works with clients, including financial advisors that have a book of business, and underwrites shares on fundamentals that include holdings, distribution and purchase programs, and the path to liquidity. Access global real estate's most influential events and network. } Alternative options to generate liquidity may include selling shares on a limited and fragmented secondary market, or responding to a tender offer such as Comrits recent Liquidation Opportunity, options which nearly always entail disadvantageous pricing for the investor. The Swiss-headquartered group argues coal will be needed during the energy transition in many parts of the world and that it is better for the company "In the meantime, as the world transitions, reliable baseload energy is required for the world and we provide that through both our coal business . Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. A sharp drop in prices last year in other asset classes means . margin-bottom: 4px; 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 . Programs of education that teach you to invest for yourself isNaN ( pw ): none } this indicate! Finance Trust, Inc. - 2021-Q4 scale along with asset and tenant diversity, while maintaining flexible... We see a lot more people come to the table for more information, visitwww.cimgroup.com listing... 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