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CIM Real Estate Finance Trust Tender Offer, Investigation, and Loss Recovery Options

CEO Khai Intela
Investors of CIM Real Estate Finance Trust, formerly known as Cole Credit Property Trust IV, should learn about the ongoing investigation into alleged improper sales of the investment. Haselkorn & Thibaut (InvestmentFraudLawyers.com) is spearheading this...

Investors of CIM Real Estate Finance Trust, formerly known as Cole Credit Property Trust IV, should learn about the ongoing investigation into alleged improper sales of the investment. Haselkorn & Thibaut (InvestmentFraudLawyers.com) is spearheading this investigation, focusing on potential securities fraud and the repositioning of the trust's portfolio.

CIM Real Estate Finance Trust, Inc. (CMFT) is a non-traded REIT that initially sold shares at $10 each. The company plans to transition its portfolio into commercial mortgage loans and sell off its shopping center and real estate assets to accomplish this goal.

Several law firms, including Haselkorn & Thibaut, are currently investigating claims on behalf of CMFT investors. If you are an investor, reach out to 1-800-856-3352 to schedule a free consultation with a securities fraud lawyer experienced in recovery losses. Time is of the essence for filing claims, so act promptly.

CIM Real Estate Tend Offers

Mackenzie Realty Capital Offer 2019

In a recent letter to investors, Mackenzie Realty Capital, Inc. offered $4.79 per share until 12/30/19. While the REIT estimated the share value at $8.65 per share as of December 2018, recent secondary market data reported a trading range of $6.35 to $6.53 per share. For accurate information, refer to Central Trade and Transfer data.

Comrit Investments 1 LP Tender Offer 2023

Comrit Investments 1 LP, a Tel Aviv-based investment fund company, has extended an unsolicited tender offer to purchase up to 22.4 million shares of CMFT stock at $4.61 per share. Comrit already owns approximately 3.1 million shares, representing 0.7% of the total common stock. There is a significant disparity between the current net asset value (NAV) of $6.57 per share and the recent trading price of $5.42 per share. Investors who bought shares at $10 each may face substantial losses.

Cole Credit Property Trust IV - CIM GROUP Caption: Cole Credit Property Trust IV - CIM GROUP

CIM Real Estate Finance Trust Suitability and Supervision Issues

Non-traded REITs, such as CMFT, are often offered by financial advisors working at independent broker-dealer firms. These illiquid alternative investments fall under the "Reg D" offering category, exempting them from standard registration requirements.

However, brokerage firms still have a duty to conduct a reasonable investigation of any recommended securities. In the past, problems arose with private placements, including alleged fraud and sales practice abuse. Firms selling private placements must thoroughly investigate the issuer, its management, business prospects, assets, claims, and intended use of the offering.

Failure to conduct adequate investigation violates federal securities law, FINRA Rule 2010, and Rule 2020. Regulatory Notice 10-22 highlights numerous cases where firms faced enforcement actions for inadequate investigations into private placements.

Moreover, broker-dealer firms must supervise their brokers' investigation and recommendations for private placements. Additional supervisory procedures must ensure compliance with legal and regulatory requirements, customer qualifications, and antifraud provisions. Each Reg. D offering requires proper supervision before marketing to other firms or selling to customers.

CIM Group Investors Seeking to Recover Losses

Investors may pursue a private FINRA arbitration customer dispute to recoup their investment losses. These disputes involve paper discovery rather than depositions, providing a faster and more efficient resolution compared to traditional court litigation.

About Haselkorn & Thibaut, P.A.

Haselkorn & Thibaut, P.A. is a nationwide law firm specializing in investment fraud and securities arbitration cases. With offices in Palm Beach, Florida; Park Avenue, New York; Phoenix, Arizona; and Cary, North Carolina, the firm's founding partners possess nearly 45 years of legal experience.

The firm has filed numerous customer disputes with FINRA, representing individuals who suffered investment losses similar to those mentioned above. These cases are typically handled on a contingency basis, with no cash recovery or fee fees. To learn more, take advantage of a free consultation by calling 1-800-856-3352 or visiting investmentfraudlawyers.com.

Remember, it is crucial to seek legal advice promptly to protect your rights as an investor in CIM Real Estate Finance Trust.