Announced
Completed
Financials
Tags
Friendly
Real Estate Holding and Development
Majority
Merger
Private
Completed
Single Bidder
financial sercives
United States
Acquisition
Domestic
Synopsis
CIM Real Estate Finance Trust, a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT, completed the acquisition of CIM Income, a community-focused real estate and infrastructure owner, operator, lender and developer. Financial terms were not disclosed. “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,” Richard Ressler, CIM Income Principal and Co-Founder.
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