CIM Real Estate Finance Trust (CMFT), Cole Office & Industrial REIT (CCIT III), and Cole Credit Property Trust V (CCPT V) announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group.
The combined CMFT, CCIT III and CCPT V has approximately $4.8 billion in total asset value and a net asset value f $2.6 billion.
