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:   2022-02-15T23:59:59+00:00
Accession:  0001498547-22-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMFT closes sale of 44 properties for $557M; remaining 37 expected Q1-Q2 2022
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- Total consideration $557M: $530.3M cash (incl. $9.6M earnout) and $26.7M AFIN common stock, restricted.
- Repaid $348.2M of debt and incurred $6.7M transaction costs from the initial closing.
- Net proceeds to be redeployed into senior secured loans and credit leases per core strategy.
- Remaining 37 properties (of 81 total under contract) expected to close in phases through early Q2 2022.
- Pro forma financials reflect reduction in rental income and total assets post-disposition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854722000015/0001498547-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854722000015/cmft-20220211.htm
  HTML page:      https://secwatch.observer/filing/0001498547-22-000015

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