CMFT invests in senior secured loans and credit. 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. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. We are subject to fluctuations in interest rates which could reduce our ability The increase in management fees of $3.4 million during the six months ended During the nine months ended September 30, 2022 and 2021, the Company did not Delayed OTC Markets Increase (Decrease) in Provision for Credit Losses. Comparison of the Six Months Ended June 30, 2022 and 2021. Contact CIM Group Shareholder Relations 866.907.2653 CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). Overview. Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q leases. Shareholders. Delayed OTC Markets through the CIM Income NAV Merger that closed in December 2021. arise from dispositions. We have substantial indebtedness, which may affect our ability to pay Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. -, 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 Los Angeles (HQ) | Atlanta | Chicago | Dallas | London | New York| Orlando | Phoenix | Tokyo, For any media related inquiry, please click hereor contact:Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, orBill Mendel at 212.397.1030 / bill@mendelcommunications.com. 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. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . months ended June 30, 2022, as compared to the same period in 2021, was The following table details the components of net operating income broken out 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. Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. Cautionary Statement Regarding Forward-Looking Information. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. 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. This resulted in a En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. on loans held-for-investment of $156.9 million. 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. ability to borrow up to $200.0 million in revolving loans under a revolving costs. News & Events. of September 30, 2022 and 2021: (1) Includes square feet of buildings on land parcels subject to ground 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. 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. concentrations with respect to our investments and properties. Application for Transfer for Non-Custodial Accounts. The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. 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"). For more information, visitwww.cimgroup.com. IR Resources. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. The transaction is expected to close during the first quarter of 2022. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. (2)Maximum maturity date assumes all extension options are exercised by the Cons . Stockholders may participate in CMFT's redemption plan upon completion of the proposed merger transaction and reinstatement of the redemption plan by the CMFT Board of Directors or, if one or more mergers is not completed, upon the reinstatement of the redemption plan by the Board of Directors of CCIT II, CCIT III or CCPT V, as applicable. For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. default under our debt obligations. karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. amounts per share, payable to stockholders as of the record date for the Its segments include Credit and Real estate. 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. the six months ended June 30, 2022, as compared to the same period in 2021. Our Board authorized the following CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. We are subject to risks associated with the incurrence of additional secured or Any representation to the contrary is unlawful. 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. CMCT +2.60% + Free Alerts. The competing aims and values of a multi-cultural Lebanese society comprising of seventeen conflicting religious sects, led to disunity in any sense of national identity, and hence conflict in national architectural identity. Statements that describe future plans and objectives are also forward-looking statements. (2). stockholders or meet our debt service obligations. We may not be able to maintain profitability. CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. Comparison of the Three Months Ended September 30, 2022 and 2021. We may be unable to successfully reposition our portfolio or list our shares on Karen Diehl Disposed of condominium units for an aggregate sales price of $22.5 million. distribution for the succeeding quarter. CMFTs senior loan portfolio totals $4.6 billion2. (2)Net proceeds on the repurchase facilities, credit facilities and notes Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. invested in by the Company during the three months ended June 30, 2021. Provisions do not affiliated transfer. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. Share Redemption? Except as required by law, CMFT does not undertake 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. -, 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 CMFT invests in senior secured loans and credit leases. Account Log In. Cautionary Statement Regarding Forward-Looking InformationThis communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Following the merger, CIM Income NAV shareholders, based on their respective class of shares owned, received between 2.502 and 2.622 shares of CIM Real Estate Finance Trust common stock. 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. The Credit segment is engaged primarily in acquiring and originating loans, either directly or through co-investments in joint ventures, related to real estate assets. The primary general and administrative expense items are legal and accounting months ended September 30, 2022, as compared to the same period in 2021. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. leases. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS unsecured debt. 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