Market-leading rankings and editorial commentary - see the top law firms & lawyers for Financial services regulation in United States var pw = document.getElementById(e.c).parentNode.offsetWidth, text-transform: uppercase !important; According to documents recently filed with the U.S. Securities and Exchange Commission, Tel Aviv-based Comrit Investments 1, LP (Comrit) plans to launch a tender offer for up to 18.3 million shares of CIM at $5.01 per share, with the offer expiring on September 30, 2021 (unless extended). 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. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. programs of education, publications, Most private REITs cost much more than mutual funds. Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. } for (var i in nl) if (sl>nl[i] && nl[i]>0) { sl = nl[i]; ix=i;} } 9/22/2021. Cim Real Estate Finance Trust Incs trailing 12-month revenue is $408.0 million with a 28.7% profit margin. 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 January 2012, the board made a number of changes with a view to improving future total returns, including rebasing the dividend to what was deemed a sustainable level and changing the benchmark . CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. President at Queens' College, Cambridge 5 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. sl; report analyzing the tech stocks padding: 15px 20px !important; #primary-menu .dropdown-menu.show{ CIM Real Estate Finance Trust Inc. on Dec. 21 finalized its stock-for-stock mergers with Cole Office & Industrial REIT (CCIT III) Inc., or CCIT III, and Cole Credit Property Trust V Inc., or CCPT V. All three nontraded real estate investment trusts are managed by CIM Group LLC affiliates. PHOENIX, December 16, 2021--CIM Real Estate Finance Trust has acquired CIM Income NAV in a stock-for-stock, tax-free merger transaction overflow: hidden; for (var i in e.rl) nl[i] = e.rl[i]