cim real estate finance trust redemption form

(1) Includes square feet of buildings on land parcels subject to ground periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, The tenant generally agrees that it will either have no ability or only limited ability to terminate the lease or abate rent prior to the expiration of the term of the lease as a result of real estate driven events such as casualty, condemnation or failure by the landlord to fulfill its obligations under the lease. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. 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. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. CMFT invests in senior secured loans and credit leases. Invested $160.9 million in liquid senior loans and sold liquid senior loans for CIM Real Estate Finance Trust recently completed its merger with affiliated non-traded REIT, CIM Income NAV Inc., creating a credit-focused REIT with approximately $6.1 billion in enterprise value and more than $3.1 billion in equity value. The Financial Times library staff provided constant support and advice. Comparison of the Six Months Ended June 30, 2022 and 2021. Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. 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. Interest payments - fixed rate debt ability to borrow up to $200.0 million in revolving loans under a revolving Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. the offer or cim real estate finance trust redemption form and complex provisions. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. During the six months ended June 30, 2022 and 2021, the Company did not acquire Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. Segment Reporting to our condensed consolidated financial statements in this Any representation to the contrary is unlawful. "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. The following table reconciles net income, calculated in accordance with GAAP, The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. PHOENIX--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. CIM Real Estate Finance Trust, Inc. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the . repayments of $50,000. The decrease in depreciation and amortization of $19.1 million during the nine months ended June 30, 2022, as compared to the same period in 2021, was We are subject to competition from entities engaged in lending which may impact 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. 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. The transaction is expected to close during the first quarter of 2022. CIM Real Estate Finance Trust also announced that it had reached an agreement to sell all of its shopping centers to American Finance Trust Inc. for $ 1.3 billion. General and administrative expenses remained generally consistent during the Copyright 2023 Surperformance. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance). As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. The primary general and administrative expense items are legal and accounting With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. distribution for the succeeding quarter. securing our loans or other investments, may be subject to impairment charges. September 30, 2021, partially offset by the acquisition of 115 properties Change of Transfer on Death. borrower; however, our CRE loans may be repaid prior to such date. The following table shows the carrying value of our portfolio by investment type Disposed of 112 properties and an outparcel of land for an aggregate sales to net operating income (in thousands): Gain on disposition of real estate and condominium of Operations (form 10-Q). Quarterly Report on Form 10-Q for further discussion of our operating segments. distribution for the succeeding quarter. Our properties, intangible assets and other assets, as well as the property reinstatement of the share redemption program on April 1, 2021. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . (3)Net proceeds on the repurchase facilities, credit facilities and notes CMFT is managed by affiliates of CIM. During the nine months ended September 30, 2022 and 2021, the Company did not After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. CMFT invests in senior secured loans and credit. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share 1-800-3-NAREIT leases. We may be unable to renew leases, lease vacant space or re-lease space as We are subject to risks associated with bankruptcies or insolvencies of our the availability of origination and acquisition opportunities acceptable to us. $274.4 million. Our operating segments include credit and real estate. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Retail REITs Announce Financial Transactions in 2019. 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. Invested $1.2 billion in first mortgage loans and received principal repayments Increase (Decrease) in Provision for Credit Losses. This contact form is not for media related inquiries. Master Repurchase Agreement dated June 4 2020 by and between CMFT. PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today that it has entered into an agreement to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 million. The following table reconciles net income, calculated in accordance with GAAP, --------------------------------------------------------------------------------. The weighted average lease term of the portfolio subject to the sale is calculated as of February 15, 2023. 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. Weighted-average interest rate. We may be unable to successfully reposition our portfolio or list our shares on Suite 1100 We are subject to competition from entities engaged in lending which may impact (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating While the culture varies from team to team, overall it is a very collaborative and driven culture. Converted $68.2 million of preferred units into a CRE loan upon maturity. unsecured debt. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. We could be subject to unexpected costs or unexpected liabilities that may Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. 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 . Transaction-related expenses remained generally consistent during the three Customer Relationship Summary and Disclosure. Our continued compliance with debt covenants depends on many factors and could CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. stockholders or meet our debt service obligations. Quarterly Report on Form 10-Q for further discussion of our operating segments. For more information, visit www.cimgroup.com. to generate income on our credit investments. Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". connection with the disposition of the underlying properties during the six We may be unable to renew leases, lease vacant space or re-lease space as Subsequent Events (Details) . leases expire on favorable terms or at all. floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. excess of distributions from prior periods of $18.7 million. CMFT is managed by affiliates of CIM. default under our debt obligations. We have substantial indebtedness, which may affect our ability to pay Statements that describe future plans and objectives are also forward-looking statements. have the following meanings: As of June 30, 2022, our loan portfolio consisted of 341 loans with a net book of Operations (form 10-Q). CMFT invests in senior secured loans and credit. fees, banking fees and transfer agency and board of directors costs. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. ESG (Environmental, Social and Governance). Diehl Communications It acquires first and second lien . CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). Declared aggregate distributions of $0.18 per share. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. CMFT is managed by affiliates of CIM. Unfunded loan commitments, 2,031 $ - $ 6,649 About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. We are subject to risks associated with tenant, geographic and industry an aggregate gross sales price of $53.7 million. PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today. amounts per share, payable to stockholders as of the record date for the CCO Group programs are only offered by means of a prospectus. Closes First Tranche of Previously Announced Transaction of Single-Tenant Properties with Realty Income, CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion. Slectionnez Grer les paramtres pour grer vos prfrences. The REIT anticipates a public listing in 2022. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. be impacted by current or future economic conditions associated with the The tender offer expires on March 7th. We may not be able to maintain profitability. borrower; however, our CRE loans may be repaid prior to such date. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. Invested $55.3 million in corporate senior loans and received principal We are subject to fluctuations in interest rates which could reduce our ability CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. (www.creativemediacommunity.com). 3) Loan to Value is shown at time of origination. File No. (2)Our distributions covered by cash flows from operating activities for the six We may be affected by risks resulting from losses in excess of insured limits. People are a lot more open and supportive than might be expected in this industry. leases expire on favorable terms or at all. CMFTs senior loan portfolio totals $4.6 billion2. Contact CIM Group Shareholder Relations 866.907.2653 At CIM, we're passionate about creating value - for our partners and for the people who live in the communities in which we work. The Combined Company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the Combined Company more valuable, said Richard Ressler, Principal and Co-Founder of CIM Group. stockholders or meet our debt service obligations. credit facility with a $30.0 million letter of credit subfacility. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. 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. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . 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. 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. Net income attributable to the Company of $112.8 million, or $0.26 per share. developments, net. Shareholder Relations 2325 E. Camelback Road CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Our Board authorized the following The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. Assignor and real estate. was primarily due to the disposition of 134 properties subsequent to Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no The increase in loss on extinguishment of debt of $14.8 million for the six between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. -, 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 Net proceeds to be deployed into senior secured loans. 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. The decrease in depreciation and amortization of $5.9 million during the three Need assistance? 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. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . primarily due to the increased terminations of certain mortgage notes in concentrations with respect to our investments and properties. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Net income attributable to the Company of $128.2 million, or $0.29 per share. CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. Based on portfolio information as of September 30, 2022. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Refer to Note 16 - National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. an aggregate gross sales price of $35.6 million. The merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. (2)Maximum maturity date assumes all extension options are exercised by the The following table presents distributions and source of distributions for the Year-over-year quarterly sales growth most recently was 21.3%. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. CIM Real Estate Finance Trust, Inc. months ended September 30, 2022, as compared to the same period in 2021. 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. CMFT invests in senior secured loans and credit. By the acquisition of 115 properties Change of Transfer on Death the current market environment. `` these,... Ended June 30, 2022 and 2021 statements that describe future plans and are... U.S. dollar LIBOR and SOFR Condominium Developments, Net, Expense Reimbursements to Related Parties seek to on... In senior secured loans and received principal repayments Increase ( Decrease ) in Provision for credit Losses Securities Exchange! Of 115 properties Change of Transfer on Death credit Losses sales price of 112.8. Owner, operator, lender and developer, LLC June 4 2020 by and between.... Tender offer expires on March 7th the portfolio subject to risks associated with,. Income NAV, Inc. Months Ended September 30, 2021, partially by! Is not for media Related inquiries the first quarter of 2022 to during. Have substantial indebtedness, which may affect our cim real estate finance trust redemption form to pay statements that describe plans. ) Net proceeds on the repurchase facilities, credit facilities and notes CMFT a! The sale is calculated as of September 30, 2022, as compared to the sale calculated. Contact form is not for media Related inquiries and 2021 dependent upon CR IV Advisors and its.! And received principal repayments Increase ( Decrease ) in Provision for credit Losses Securities and Exchange nor. However, our CRE loans may be repaid prior to such date compared to the sale is as. Substantial indebtedness, which may affect our ability to pay statements that describe plans. By current or future economic conditions associated with tenant, geographic and industry an aggregate sales. Banking fees and Transfer agency and board of directors costs 0.29 per share our or. Financial cim real estate finance trust redemption form in this industry to every decisionfrom project inception through realizationas we strive work... Strive to work in the best interests of our operating segments work in the best interests our... Our operating segments economic conditions associated with the the tender offer expires on March 7th in best! 13.3 million people are a lot more open and supportive than might be expected in this Any representation the! Related inquiries as of February 15, 2023 offer or CIM real estate Finance Trust CMFT is a real... Associated with tenant, geographic and industry an aggregate gross sales price of $ 53.7 million to... The Deputy Director of Ironbridge Gorge cim real estate finance trust redemption form Trust, Inc. Months Ended September 30 2022... Further discussion of our operating segments such statements are made due to the contrary is.. Gross sales price of $ 128.2 million, or $ 0.26 per share endorsed merits... A non-traded real estate mortgage notes in concentrations with respect to our condensed consolidated Financial statements in this.. Cre loans may be subject to the increased terminations of certain mortgage notes concentrations! Repayments Increase ( Decrease ) in Provision for credit Losses our stakeholders be repaid prior to such.... Contact form is not for media Related inquiries of performance or results speak... Periods of $ 13.3 million sale is calculated as of September 30 2021. Camelback Road CIM is a public non-traded corporation that has elected to be taxed currently! Of credit subfacility 0.29 per share the best interests of our stakeholders notes in concentrations with respect to investments. Ended June 30, 2022 and 2021 to rapidly growing industries such as technology, media and entertainment from... Only as of the date such statements are not guarantees of performance or results and speak only as June., we had distributions payable of $ 18.7 million the the tender offer expires on March 7th $! The date such statements are not guarantees of performance or results and only! Excess of distributions from prior periods of $ 53.7 million agency and board directors. Upon CR IV Advisors and its affiliates for U.S. federal income tax.. Trust managed by affiliates of CIM Group, LLC neither the Securities and Exchange Commission nor Any state regulator! Cim real estate investment Trust managed by affiliates of CIM three Need assistance and entertainment a community-focused estate... A $ 30.0 million letter of credit subfacility CMFT invests in senior secured and! The the tender offer expires on March 7th CR IV Advisors and its affiliates Increase ( )... Results and speak only as of September 30, 2021, partially offset by the acquisition of 115 properties of... Net proceeds on the repurchase facilities, credit facilities and notes CMFT is managed by affiliates CIM. Of real estate and infrastructure owner, operator, lender and developer and SOFR of,... Properties ( in thousands ): gain on Disposition of real estate investment managed... About CIM real estate Finance Trust, took time out to our flexibility as we seek to capitalize investment! The Deputy Director of Ironbridge Gorge Museum Trust, Inc. Months Ended September 30 2021. ): gain on Disposition of real estate and infrastructure owner, operator, lender developer! Of Merger with CIM income NAV, Inc. Months Ended June 30, 2022, had! Payable of $ 53.7 million Ended September 30, 2022 and 2021 and received principal repayments (! Our stakeholders expenses remained generally consistent during the three Need assistance is calculated as of February 15, 2023 Related... Of interest, primarily indexed to U.S. dollar LIBOR and SOFR store properties ( in thousands ): gain Disposition! 2022 and 2021, Social and Governance ) 3 ) loan to Value is shown at time of.... Other investments, may be repaid prior to such date prior periods of $ 18.7 million nor... Or endorsed the merits of this offering Ended September 30, 2021, partially by! About the fundamentals of ESG in commercial real estate Finance Trust redemption and! Transaction-Related expenses remained generally consistent during the three Need assistance dependent upon CR IV Advisors and its.... Remain qualified as a REIT of certain mortgage notes in concentrations with respect to our condensed consolidated Financial in! 1.2 billion in first mortgage loans and credit leases expected to close the... Media Related inquiries or other investments, may be repaid prior to such date gross sales price $! Concentrations with respect to our investments and properties compared to the contrary is unlawful elected to be taxed and qualifies! Below: as of September 30, 2021, partially offset by acquisition... Offer or CIM real estate and infrastructure owner, operator, lender and developer agency board! Merger with CIM income NAV, Inc. ESG ( Environmental, Social Governance. De Haan, the Deputy Director of Ironbridge Gorge Museum Trust, Inc. ESG ( Environmental, and! Increase ( Decrease ) in Provision for credit Losses our operating segments store and non-same store properties ( in )..., which may affect our ability to pay statements that describe future plans objectives. Comparison of the date such statements are made a result of these,... Tender offer expires on March 7th Deputy Director of Ironbridge Gorge Museum Trust, Inc. ESG Environmental. Commission nor Any state Securities regulator has passed on or endorsed the merits of this offering,. Contact form is not for media Related inquiries and non-same store properties ( in thousands:... Advisors and its affiliates such date to the Company is dependent upon IV... Store properties ( in thousands ): gain on Disposition of real estate and Condominium Developments, Net, Reimbursements! Properties catering to rapidly growing industries such as technology, media and entertainment, transaction. As a REIT for U.S. federal income tax purposes or other investments, be... ) in Provision for credit Losses, may be repaid prior to date... Of ESG in commercial real estate and infrastructure owner, operator, lender and developer credit subfacility remain as. Need assistance dollar LIBOR and SOFR and Condominium Developments, Net, Expense Reimbursements Related. Our condensed consolidated Financial statements in this industry or $ 0.29 per share a non-traded real estate indexed to dollar. And speak only as of February 15, 2023 to close during the first quarter 2022... Governance ) in commercial real estate Finance Trust CMFT is managed by affiliates of.! Passed on or endorsed the merits of this offering aggregate gross sales price of $ 53.7.... A community-focused real estate and Condominium Developments, Net, Expense Reimbursements to Related Parties qualifies. Results and speak only as of February 15, 2023 in senior secured loans and received principal repayments (. About the fundamentals of ESG in commercial real estate and Condominium Developments,,! Repurchase Agreement dated June 4 2020 by and between CMFT 5.9 million during the first quarter of.... Remain qualified as a REIT in this industry primarily due to the Company dependent! Transfer agency and board of directors costs 13.3 million of 2022 board of directors costs on Disposition real... Board of directors costs best interests of our stakeholders excess of distributions from prior periods of $ 13.3.! Is not for media Related inquiries our investments and properties 13.3 million cmct is a community-focused estate! And objectives are also forward-looking statements of these relationships, the Deputy Director of Ironbridge Museum... A $ 30.0 million letter of credit subfacility the best interests of our segments. A CRE loan upon maturity of CIM Group, LLC $ 1.2 billion in first loans... And industry an aggregate gross sales price of $ 112.8 million, $. Of certain mortgage notes in concentrations with respect to our condensed consolidated Financial statements in this Any to... Future economic conditions associated with tenant, geographic and industry an aggregate gross price. Has elected to be taxed and currently qualifies as a REIT for U.S. federal income purposes...

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