---
schema_version: "secwatch.filing_event.v1"
accession: "0001498547-22-000050"
form_type: "8-K"
ticker: "CMRF"
cik: "0001498547"
company_name: "CIM REAL ESTATE FINANCE TRUST, INC."
filed_at: "2022-06-02T23:59:59+00:00"
generated_at: "2026-06-25T05:06:52.185271+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CIM Real Estate Finance Trust completes sale of 80 properties for $1.28B to Necessity Retail REIT

## Summary
- Total consideration of $1.28B: $1.22B cash (incl. $23.5M earnout) and $53.4M in RTL common stock; one property closing expected Q2 2022.
- Debt repaid/assumed $843.2M; transaction costs $10.9M; net proceeds of $437.1M to redeploy into senior secured loans and credit leases.
- Sale of 79 shopping centers and two single-tenant properties (~9.5M sq ft across 27 states); first 44 properties closed Feb 2022.
- Pro forma net income for year ended Dec 2021 adjusted from $86.5M to $57.9M reflecting disposition.

## SEC filing metadata
- accession: 0001498547-22-000050
- form_type: 8-K
- ticker: CMRF
- cik: 0001498547
- company_name: CIM REAL ESTATE FINANCE TRUST, INC.
- filed_at: 2022-06-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498547/000149854722000050/0001498547-22-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498547/000149854722000050/cmft-20220526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498547-22-000050
- JSON: https://secwatch.observer/filing/0001498547-22-000050.json
- Plain text: https://secwatch.observer/filing/0001498547-22-000050.txt

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