CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. right: 0; sl; The merger transactions are expected to produce meaningful benefits for stockholders of the participating companies, including: Diversifies Portfolio: CC CMFTs larger, more diversified portfolio is expected to enable it to opportunistically pursue growth strategies and reposition its portfolio mix of net lease assets, multi-tenant retail assets and CRE debt over the long term, as well as diversify its credit investments. Contacting us does not guarantee that the firm will undertake representation of you. color: #093463; text-transform: capitalize !important; padding-left: 30px; 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. This information should not be relied upon or construed as legal advice. Total Asset figures are from the last quarter reported for active programs and are the average total assets for full-cycle programs over their respective lives. 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. padding: 15px 20px !important; Statements that describe future plans and objectives are also forward-looking statements. var nl = new Array(e.rl.length), text-transform: capitalize !important; And infrastructure owner, operator, lender and developer tenant diversity, while maintaining flexible! MYamada@cimgroup.com. AAIIs proprietary stock grades come with A+ Investor. } 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. 0 : parseInt(e.mh,0); The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. }. background-size: 768px auto; In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment . var m = pw>(e.gw[ix]+e.tabw+e.thumbw) ? AAII has helped over 2 million individuals .dropdown-toggle::after{ 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 . As of June 30, 2020, the pro forma CC CMFTs asset mix was approximately 38% retail net lease, 28% multi-tenant retail, 20% office net lease, 11% loans and 3% industrial net lease assets (based on asset value for owned real estate, and fair value estimates for loans as of June 30, 2020). gtag('config', 'G-7K1TNEL3NK'); As of June 30, 2020, CC CMFTs pro forma owned real estate portfolio had 559 properties totaling approximately 25.8 million square feet, with an occupancy rate of approximately 96%, a weighted average lease term of approximately 8.8 years, and, as a percentage of annualized rental income, investment-grade tenancy of approximately 41%, with its top 10 tenants generating approximately 30%, and no tenant generating more than 4.2%, of annualized rental income. CIM investors who require immediate liquidity through participation in Comrit's current tender offer may suffer considerable losses, excluding any distributions to date. 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