secwatch.observer — SEC 8-K summary
======================================

Issuer:     CIM REAL ESTATE FINANCE TRUST, INC. (CMRF)
CIK:        0001498547
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001498547-22-000129
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 to sell 185 net lease properties to Realty Income for $894M cash
---------------------------------------------------------------------

- Total consideration $894M cash; expected closing Q1 2023 subject to due diligence and conditions.
- Buyer is Realty Income Corporation (NYSE: O); $20M non-refundable deposit after Feb 17, 2023.
- Net proceeds to be redeployed into senior secured loans and credit investments.
- After sale, remaining net lease portfolio: 199 properties, 6.4M sq ft, 99.7% leased, 11.5 yr WALT.
- CEO states transaction advances program to generate sustainable and increasing dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498547/000149854722000129/0001498547-22-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498547/000149854722000129/cmft-20221229.htm
  HTML page:      https://secwatch.observer/filing/0001498547-22-000129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer