Where it becomes a debate is what is a fair discount? says A. Yoni Miller, co-founder of QuickLiquidity, a direct lender for commercial real estate investors that have trapped equity. 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. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { sl = nl[0]; Announces Completion of Merger with CIM Income NAV, Inc. .ewd-ufaq-post-margin-symbol span { margin-bottom: 4px; padding-left: 30px; 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 . for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). gtag('config', 'G-7K1TNEL3NK'); Just the opposite: The sector is seeing significant fundraising growth, adds Stephan. 17 January 2023. LOS ANGELES--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. } The pro forma combined . text-transform: uppercase !important; Year-over-year quarterly sales growth most recently was 21.3%. 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 . Second Annual Blue Vault Broker Dealer Educational Summit 2016, Suitability Manager, The O.N. Prior results do not guarantee similar outcomes. Number 8860726. Investors may pursue claims to recover monies through securities arbitration before FINRA, or in some cases, through litigation. The combined company will have approximately $5.9 billion in total asset value, primarily invested in net lease assets and commercial real estate debt. 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. e.gw : [e.gw]; 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . Uninitiated investors in non-traded REITs may come to learn too late that their ability to exit their investment position is limited. CIM Real Estate Finance Trust, Inc. ("CMFT"), Cole Office & Industrial REIT (CCIT III), Inc. ("CCIT III") and Cole Credit Property Trust V, Inc. ("CCPT V") today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. By offering higher prices, we see a lot more people come to the table for more differentiated reasons, says Cox. What are trust services? } Web page addresses and e-mail addresses turn into links automatically. 0 : parseInt(e.tabw); MacKenzie and its affiliates currently own 11,118 shares. It believes that there is significant latent value within SIGT's portfolio, and due to wide disparities in the market, there are . } Here, the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche: vacation homes. Most people have been aware of this liquidity gap in real estate alts for a long time, and we view these third-party tender offer firms as step one in taking advantage of that illiquidity, says Sean Stephan, a partner at Cox Capital Partners. When the firm was first founded in 2015, its model focused on buying out minority investors at a discount. . } 10/17/2022 CIM Real Estate Finance Trust, Inc. Increases Fourth Quarter Dividends by 11%; 12/20/2021 CIM Real Estate Finance Trust, Inc. to Sell Non-Core, Multi-Tenant Retail Properties for More Than $1.32 Billion; 12/16/2021 CIM Real Estate Finance Trust, Inc. */ Over the years, there have been a number of secondary marketplaces that have launched and failed. These 4 key factors, when combined with the above, provide a holistic view into a stock. 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. It is anticipated that five to seven directors will be recommended for election. By joining Japan Korea Week you will also have 12 months' exclusive access to all of PERE's leading events, networking focused meetings, latest market insights, and an expansive directory of managers and investors. Traditionally, shareholders seeking liquidityhave been limited to options that include: However, groups such as Cox Capital and QuickLiquidity are working to educate stakeholders about alternatives for liquidity. 3) Premium is approximate, based on the average exchange ratio. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that it has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust, Inc. (CMFT), a non-listed REIT which is sponsored by an affiliate of CIM Group, for approximately $894 million in cash. most likely to outperform the Investors who wish to discuss a possible claim may contact us at (201) 771-1115 or [email protected] for a no-cost, confidential consultation. This information should not be relied upon or construed as legal advice. e.tabhide = e.tabhide===undefined ? Cost Savings:CC CMFT is expected to realize $2.8 million of annualized general and administrative synergies on a run-rate basis with additional cash flow improvement of $2.5 million to INAV stockholders through the elimination of ongoing stockholder servicing fees. Equity capital raised during offering periods, including DRIP proceeds. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. The attorneys at Giarrusso Law Group LLC have considerable experience in handling claims on behalf of investors in non-traded REITs such as CIM Real Estate Finance Trust, Inc., as well as other complex and illiquid financial products. if(window.rs_init_css===undefined) window.rs_init_css = document.head.appendChild(document.createElement("style")); AAIIs A+ Investor Quality Grade comes from the ranking of key metrics. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. .site-header { text-transform: uppercase; } border-top: 2px solid #163a64; function setREVStartSize(e){ 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 . In some instances, investors seeking liquidity may be able to redeem their shares directly with the investment sponsor, or perhaps sell shares on a fragmented and inefficient secondary market. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. window.rs_init_css.innerHTML += "#"+e.c+"_wrapper { height: "+newh+"px }"; . About CIM Group CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8billion in total asset value and a net asset value (NAV) of $2.6billion, based upon the companies respective June30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. The offer price is 56.3 percent less than the REIT's most recent net asset value per share of $7.20, as of March 31, 2021. 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. window.RSIW = window.RSIW===undefined ? Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. margin-right: 5px; img#wpstats{display:none} 0 : parseInt(e.tabhide); INAV is a public, non-traded corporation that has elected to be taxed and currently qualifies as a REIT. de C.V.) (BIVA: MEXAMX), a leading financial technology company in . Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. Oftentimes, they are thrilled to take any available offer because there are no other options to access quick liquidity, even if they feel that the offer doesnt represent a fair price, notes Cox. build their investment wealth through AAII has helped over 2 million individuals color: #093463; 9/22/2021. The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57 . Theme Real Estate. While in some cases non-traded REIT investors can redeem their shares directly with the investment sponsor, such redemption opportunities may be limited to a percentage of shares held, and in some instances, such redemption programs can be altogether suspended by the sponsor. When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. A number of opportunistic investment groups have been trying to capitalize on the illiquidity within the real estate alts sector with unsolicited mini-tender offers (less than 5%of company shares) to buy shares, often at bargain basement prices. Here, well take a closer look at Cim Real Estate Finance Trust Incs stock grades for value, growth and quality. The portfolio . CIM Real Estate Finance Trust Inc. (CMFT), Cole Office & Industrial REIT Inc. (CCIT II), Cole Office & Industrial REIT Inc. (CCIT III), and Cole Credit Property Trust V Inc. (CCPT V), four publicly registered non-traded real estate investment trusts sponsored by affiliates of CIM Group, have agreed to merge in separate stock-for-stock transactions, with CIM Real Estate Finance Trust as the surviving entity. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). REITs are a way to invest in real estate without buying a property outright. CMFT and INAV have made a presentation available detailing the highlights of the proposed transaction atwww.cimgroup.com/announcements. e.mh = e.mh===undefined || e.mh=="" || e.mh==="auto" ? 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