secwatch.observer — SEC 8-K summary
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Issuer:     CIM REAL ESTATE FINANCE TRUST, INC. (CMRF)
CIK:        0001498547
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001498547-21-000158
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMFT sells 81 retail properties to AFIN for $1.32B; expects Q1 2022 close
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- Total consideration up to $1.32B: $1.27B cash + $53.4M AFIN stock + earnout based on lease performance.
- Properties sold: 79 shopping centers and 2 single-tenant retail assets with 5.0-year WALT.
- $40M non-refundable deposit due within two business days; closing expected in Q1 2022.
- Proceeds to repay debt and redeploy into senior secured loans and credit leases.
- Post-sale, CMFT credit lease portfolio: 114 concepts, 13.2M sq ft, 98.4% leased across 45 states.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000158/0001498547-21-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854721000158/cmft-20211220.htm
  HTML page:      https://secwatch.observer/filing/0001498547-21-000158

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