Which three CIM sponsored nontraded REITs will merge into CIM Real Estate Finance Trust, Inc. if shareholders approve the merger proposals annnounced in an Agreement and Plan of Merger on August 30, 2020?
Answer: Cole Credit Property Trust V, Inc., CIM Cole Office & Industrial REIT (CCIT II), Inc., and Cole Office & Industrial REIT (CCIT III), Inc. will merge with CIM Real Estate Finance Trust, Inc. if approved by shareholders in Q4 2020. The pro forma combined company would have approximately $5.9 billion in total asset value.