CIM Real Estate Finance Trust sells shopping center portfolio for $1.32B; eyes public listing

CIM REAL ESTATE FINANCE TRUST, INC.

Sold entire shopping center portfolio for over $1.32B; ~$1.1B closed, remainder expected May 2022.
Portfolio as of March 31, 2022: $6.6B total, 44.8% owned real estate, 55.2% credit investments.
Proceeds being deployed into core business of senior secured loans and long-dated net lease assets.
Management focused on sustainable increasing distributions and potential future public listing (no guarantee).

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