LOS ANGELESCIM Real Estate Finance Trust, Cole Office & Industrial REIT, Cole Office & Industrial REIT and Cole Credit Property Trust V have entered into definitive merger agreements in which CIM Real Estate Finance Trust is acquiring each of the respective smaller REITs in separate stock-for-stock, tax-free merger transactions. 

The pro forma combined company would have approximately $5.9 billion in total asset value, creating a commercial real estate credit-focused REIT primarily invested in net lease assets and commercial real estate debt. These smaller companies are non-traded REITs managed by affiliates of CIM Group.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.