{"schema_version":"secwatch.filing_event.v1","accession":"0001498547-23-000012","form_type":"8-K","ticker":"CMRF","cik":"0001498547","company_name":"CIM REAL ESTATE FINANCE TRUST, INC.","filed_at":"2023-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.266965+00:00","generated_at":"2026-06-17T12:41:22.747446+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CMFT sells 151 net-lease properties to Realty Income for $779M; remaining 34 expected Q2 2023","bullets":["Closed sale of 151 of 185 single-tenant net-lease properties to Realty Income (NYSE: O) for $779M in cash; total deal consideration $894M.","Repaid approximately $369.4M of debt and incurred $4.2M in transaction costs from proceeds.","Net proceeds will be redeployed into senior secured loans and credit leases, consistent with CMFT's core credit-focused REIT strategy.","Remaining 34 properties are expected to close in Q2 2023, but no assurance is given.","Pro forma financials reflect reduced rental income and interest expense; net income would have been $111M vs $128M for nine months ended Sep 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001498547-23-000012","json":"https://secwatch.observer/filing/0001498547-23-000012.json","markdown":"https://secwatch.observer/filing/0001498547-23-000012.md","text":"https://secwatch.observer/filing/0001498547-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000012/0001498547-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000012/cmft-20230322.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T12:41:22.747446+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"82a13df851cf967f3566246bf8f962cdab0298ca","claim":"CIM REAL ESTATE FINANCE TRUST, INC. completed a disposition involving Realty Income Corporation (subsidiaries) for $779.0 million (closed 2023-03-22).","evidence_excerpt":"The sale of 151 properties under contract for sale pursuant to the Purchase and Sale Agreement closed on March 22, 2023 for total consideration of $779.0 million.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498547/000149854723000012/0001498547-23-000012-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Realty Income Corporation (subsidiaries)"},{"label":"Consideration","value":"$779.0 million"},{"label":"Closing","value":"2023-03-22"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}