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. Over the years, there have been a number of secondary marketplaces that have launched and failed. Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. document.getElementById(e.c).height = newh+"px"; background-color: transparent; The information contained on this website is provided solely for informational purposes and is considered attorney advertising. 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. In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . 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 . To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. Number 8860726. The transactions are expected to close in the fourth quarter of 2020, pending stockholders approval. 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. Announces Completion of Merger with CIM Income NAV, Inc. Get your free copy of our special var advadsCfpQueue = []; for (var i in e.rl) if (e.gh[i]===undefined || e.gh[i]===0) e.gh[i] = e.gh[i-1]; Just the opposite: The sector is seeing significant fundraising growth, adds Stephan. Before you choose to buy, sell or hold Cim Real Estate Finance Trust Inc stock, youll want to analyze how it has been graded. sl = nl[0]; Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. 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. File No. } 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"). newh; When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. The merger is expected to produce meaningful benefits for stockholders of CMFT and INAV, including: Greater Scale & Relevance:With $6.0 billion and $3.2 billion1in enterprise value and equity value, respectively, CC CMFT will be one of the largest credit-focused REITs, increasing its relevance in the capital markets and reducing its cost of debt and equity capital. 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 The attorneys at Giarrusso Law Group LLC have extensive experience in handling claims on behalf of investors in non-traded REITs, as well as other complex and illiquid investment products. CMFT invests in senior secured loans and credit leases. Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. .tribe-events-single-event-title{ Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. margin-top: 25px; Market-leading rankings and editorial commentary - see the top law firms & lawyers for Financial services regulation in United States } CIM investors who require immediate liquidity through participation in Comrits current tender offer may suffer considerable losses, excluding any distributions to date. 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. According to Robert A. Stanger & Co., the real estate alts sector has raised $69.3 billion yeartodate through Julya 95% increase over the same period of 2021. Additional Information and Where to Find It. newh = (e.gh[ix] * m) + (e.tabh + e.thumbh); The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. Kindly share this postIt was a night of glowing tributes for the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, as Forbes Magazine recognised him as Best of Africa Outstanding Corporate Governance CEO Award, 2022. var nl = new Array(e.rl.length), CIM Real Estate Finance Trust, Inc. - 2021-Q4. You can use the information about how Cim Real Estate Finance Trust Inc stock is graded to determine if you should invest in this specific company. 1 : (pw-(e.tabw+e.thumbw)) / (e.gw[ix]); 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. MacKenzie Capital could not be reached for comment. European investors currently have 10.8% of their investments in property, above target allocations of 10.5%, the INREV survey showed. The Blue Vault Summit could not have been more perfectly timed. Home > Sale Salesforce > CIM Real Estate Finance Trust, Inc. - 2022-Q1. 0 : parseInt(e.thumbhide); Furthermore, a financial advisor must perform a suitability analysis in connection with the sale of an investment product to ensure that the investment is appropriate based upon criteria such as the investors age, net worth and income, liquidity needs, experience with investing, as well as stated investment objectives and risk tolerance. line-height: 31px; LOS ANGELES--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 transaction. Prior results do not guarantee similar outcomes. Following the onset of the COVID-19 pandemic and the related economic impact of shutdowns, each of CMFT, CCIT II, CCIT III, and CCPT V undertook comprehensive reviews of their businesses and prospects and concluded that greater scale, tenant diversity, asset type diversity, financial strength and fund raising flexibility would best position each of them to thrive in a post-pandemic economic environment, said Richard Ressler, principal and co-founder of CIM Group. } MEXICO CITY, Jan. 17, 2023 /PRNewswire/ -- Tangerine Pomelo Group, S.A.P.I. AAII can help you figure these out and identify which investments align with what works best for you. */ Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transaction. Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. 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 ShareholderRelations@cimgroup.com The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Lines and paragraphs break automatically. Contacting us does not guarantee that the firm will undertake representation of you. 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. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or . } 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. It is anticipated that five to seven directors will be recommended for election. #primary-menu .dropdown-menu a:hover{ before a liquidity event transpires allowing for an exit on the investment. border-bottom: solid 1px #163a64; CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. In the real estate investing world, there's a crowded arms race to become the go-to "fractional" investing platform where you can buy $100 shares in $1 million homes. var advadsCfpAd = function( adID ){ PHOENIX, December 16, 2021-CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. These statements are based on the current expectations of management for CMFT and INAV and on currently available industry, financial and economic data. Banking products and services are offered by referral arrangements . Even the SEC acknowledges that mini-tender offers are often aimed at catching investors off guard and offers a list of tips to shareholders. Although the firm will present buyout offers for investors who reach out wanting liquidity, the majority of its business focuses on providing loans with the partnership shares as collateral. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 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 . 0 : e.rl[i]; 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. LOS ANGELES--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 transaction. color: #093463; #menu-item-2870, #menu-item-1147, #menu-item-1149, #menu-item-1150, #menu-item-1152, #menu-item-1153, #menu-item-2871, #menu-item-1136, #menu-item-1139, #menu-item-1133, #menu-item-1137, #menu-item-1135, #menu-item-1142, #menu-item-1141, #menu-item-2974, #menu-item-2975, #menu-item-3343, #menu-item-3344, #menu-item-4916, #menu-item-4917, #menu-item-4918, #menu-item-4920, #menu-item-4921, #menu-item-9450, #menu-item-12309, #menu-item-12303, #menu-item-13384, #menu-item-13383, #menu-item-16055,#menu-item-23904,#menu-item-23735, #menu-item-1126, #menu-item-1127, #menu-item-9849, #menu-item-14285 { margin-left: 15px; No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. 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. Information on this website should be regarded as opinion based on publicly available information and not as fact. e.thumbw = e.thumbhide>=pw ? Mini-tenders have been a thorn in the side of nontraded REIT sponsors, and they are also on the receiving end of backlash from other industry participants. background-size: 768px auto; Financial System Trends: The Monetary Policy Committee (MPC) raised the monetary policy rate and the cash reserve ratio, cumulatively, by 500 basis points to 16.5 per cent and 32.5 per cent, respectively as a way of enforcing liquidity tightening measures to curb rising inflation. Unfortunately, redeeming shares with the sponsor often presents logistical hurdles, including only being able to redeem a set percentage of shares at predetermined intervals (for example, quarterly), thus impacting liquidity. //window.requestAnimationFrame(function() { January 18, 2023. 2) There is no guarantee that a public market listing will take place within the expected time period or at all. I think almost everybody in the industry would agree that there is a need for liquidity options for investors. However, there was usually a big disconnect in pricing, what QuickLiquidity wanted to pay versus what the shareholder was willing to accept, notes Miller. The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future. You see some of these more mainstream institutions getting into the space, because of the opportunity set that exists, and you need to build it front to back, meaning you need to give investors liquidity options to make the market more efficient, says Stephan. Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors Prior results do not guarantee similar outcomes. 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. That a public market listing will take place within the expected cost synergies or to engage in any liquidity or. Several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment of their in... 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