---
schema_version: "secwatch.filing_event.v1"
accession: "0001498547-21-000149"
form_type: "8-K"
ticker: "CMRF"
cik: "0001498547"
company_name: "CIM REAL ESTATE FINANCE TRUST, INC."
filed_at: "2021-12-16T23:59:59+00:00"
generated_at: "2026-06-28T00:30:09.674123+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CIM Real Estate Finance Trust completes $6.1B merger with CIM Income NAV; targets public listing in 2022

## Summary
- Stock-for-stock merger closed Dec 16, 2021; INAV shareholders received 2.508–2.622 CMFT shares per share, an ~10.6% premium.
- Combined company has ~$6.1B enterprise value and >$3.1B equity value; CMFT targeting a public market listing in 2022 subject to conditions.
- Subsidiary assumed INAV's $352.5M credit facility (up to $425M) at 2.93% weighted avg rate; maturity extended to Mar 6, 2022.
- Roger D. Snell, former INAV independent director, appointed to CMFT board effective at merger close.

## SEC filing metadata
- accession: 0001498547-21-000149
- form_type: 8-K
- ticker: CMRF
- cik: 0001498547
- company_name: CIM REAL ESTATE FINANCE TRUST, INC.
- filed_at: 2021-12-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498547/000149854721000149/0001498547-21-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498547/000149854721000149/cmft-20211216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498547-21-000149
- JSON: https://secwatch.observer/filing/0001498547-21-000149.json
- Plain text: https://secwatch.observer/filing/0001498547-21-000149.txt

## Key facts
- Executive change
  Roger D. Snell was elected as director at CIM REAL ESTATE FINANCE TRUST, INC..
  - Action: elected
  - Role: director
  source text: In connection with the Merger, effective at the effective time of the Merger, the size of the board of directors (the “Board”) of the Company was increased by one director and Roger D. Snell was elected to serve as a director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498547/000149854721000149/0001498547-21-000149-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.