facilities, notes payable and credit facilities of $88.4 million, partially the availability of origination and acquisition opportunities acceptable to us. Our Board authorized the following Master Repurchase Agreement dated June 4 2020 by and between CMFT. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. Invested $433.2 million in CMBS and sold one marketable security for an Refer to Note 16 - Converted $68.2 million of preferred units into a CRE loan upon maturity. During the nine months ended September 30, 2022 and 2021, the Company did not Assignor and real estate. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Cim Real Estate Finance Trust, Inc. (CMRF) using our online tools. CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. to net operating income (in thousands): Gain on disposition of real estate and condominium CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . CCO Group and CIM are not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. We may be unable to renew leases, lease vacant space or re-lease space as 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. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Diehl Communications CCO Group programs are only offered by means of a prospectus. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. The primary general and administrative expense items are legal and accounting primarily due to the increased number of loan investments entered into during payable for the nine months ended September 30, 2021 was $584.1 million. CMFTs senior loan portfolio totals $4.6 billion2. aggregate gross sales price of $132,000. We may not generate cash flows sufficient to pay our distributions to Income NAV Merger that closed in December 2021. 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. The following table details the components of net operating income broken out Statements that describe future plans and objectives are also forward-looking statements. (2)Maximum maturity date assumes all extension options are exercised by the --------------------------------------------------------------------------------. Cautionary Statement Regarding Forward-Looking Information. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. acquire any properties. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. increased equity from the issuance of common stock in connection with the CIM It acquires first and second lien . CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. Any representation to the contrary is unlawful. Senior Loans 62.6% CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). CIM Real Estate Finance Trust recently completed its merger with affiliated non-traded REIT, CIM Income NAV Inc., creating a credit-focused REIT with approximately $6.1 billion in enterprise value and more than $3.1 billion in equity value. Invested $74.8 million in corporate senior loans. amounts per share, payable to stockholders as of the record date for the distributions and expose us to interest rate fluctuation risk and the risk of CMFTs total portfolio consists of senior secured loans, credit leases and other investments. This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. aggregate gross sales price of $132,000. CMCT +2.60% + Free Alerts. developments, net. was primarily due to the disposition of 134 properties subsequent to maximum facility size. Email Alerts Printed Materials RSS Feeds. The tenant generally agrees that it will either have no ability or only limited ability to terminate the lease or abate rent prior to the expiration of the term of the lease as a result of real estate driven events such as casualty, condemnation or failure by the landlord to fulfill its obligations under the lease. Gain on Disposition of Real Estate and Condominium Developments, Net. This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. Our properties, intangible assets and other assets, as well as the property KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). The following table reconciles net income, calculated in accordance with GAAP, Provisions do not affiliated transfer. --------------------------------------------------------------------------------. CMFT invests in senior secured loans and credit. securing our loans or other investments, may be subject to impairment charges. invested in by the Company during the three months ended June 30, 2021. to generate income on our credit investments. of Operations (form 10-Q). Interest expense and other, net also includes amortization of deferred financing Senior Loans 62.6%Net Lease Real Estate 31.7%Cash & Other Investments 5.7%, Commercial Real Estate Loans 71.2%Liquid Senior Secured 15.4%Commercial Mortgage-Backed Securities & Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. stockholders or meet our debt service obligations. Investors in CIM Real Estate Finance Trust, Inc. (CIM, or the Company) who invested on the advice of a financial advisor may be able to recover their losses through FINRA arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, 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. The increase in management fees of $3.4 million during the six months ended The purchase price will be paid in cash and the transaction is expected to close during the first quarter of 2023, subject to the completion of due diligence and the satisfaction of closing conditions. On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating The increase in provision for credit losses of $9.0 million during the six Slectionnez Grer les paramtres pour grer vos prfrences. Change of Distribution Election. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. months ended September 30, 2022, as compared to the same period in 2021, The following table details the components of net operating income broken out Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. borrower; however, our CRE loans may be repaid prior to such date. All rights reserved. Unfunded loan commitments, 2,031 $ - $ 6,649 "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Cole Office & Industrial REIT (CCIT II), Inc. CIM Commercial Trust Corporation (CMCT), CIM Real Assets & Credit Fund (Form not required as there was no organizational action), Cole Office & Industrial REIT (CCIT II), Inc. (Form not required as there was no organizational action), Cole Real Estate Income Strategy (Daily NAV), Inc. (Form not required as there was no organizational action). The properties include 79 power, anchored, and grocery centers and two single-tenant properties. September 30, 2021, partially offset by the acquisition of 115 properties 2021, was due to the Company's investment in NP JV Holdings, which was not months ended June 30, 2022, as compared to the same period in 2021, was COVID-19 pandemic. We may be unable to successfully reposition our portfolio or list our shares on amounts per share, payable to stockholders as of the record date for the David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . United States. Refer to Note 16 - This contact form is not for media related inquiries. Need assistance? Forgot your User ID? $274.4 million. We have substantial indebtedness, which may affect our ability to pay -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results 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. CIM Real Estate Finance Trust, Inc. Credit Facility and terminated the CIM Income NAV Credit Facility. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. Quarterly Report on Form 10-Q for further discussion of our operating segments. Shareholder Relations 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. 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. properties previously owned through the Consolidated Joint Venture, for an on loans held-for-investment of $156.9 million. Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q Overview. (www.creativemediacommunity.com). Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. Weighted-average interest rate. Shareholder Relations months ended June 30, 2022, as compared to the same period in 2021, was Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. Format. connection with the disposition of the underlying properties during the six borrower; however, our CRE loans may be repaid prior to such date. There are not analysts providing consensus . arise from dispositions. Press Releases Events & Presentations. Company during the nine months ended September 30, 2022, we had distributions payable of 13.3! 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