---
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"
generated_at: "2026-06-17T12:41:22.747446+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CMFT sells 151 net-lease properties to Realty Income for $779M; remaining 34 expected Q2 2023

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498547-23-000012
- JSON: https://secwatch.observer/filing/0001498547-23-000012.json
- Plain text: https://secwatch.observer/filing/0001498547-23-000012.txt

## Key facts
- M&A Transactions
  CIM REAL ESTATE FINANCE TRUST, INC. completed a disposition involving Realty Income Corporation (subsidiaries) for $779.0 million (closed 2023-03-22).
  - Action: disposition
  - Counterparty: Realty Income Corporation (subsidiaries)
  - Consideration: $779.0 million
  - Closing: 2023-03-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498547/000149854723000012/0001498547-23-000012-index.htm

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