CIM Real Estate Finance Trust Company Description
CIM Real Estate Finance Trust, Inc. (the “Company”) is a non-exchange traded real estate investment trust (“REIT”) formed as a Maryland corporation on July 27, 2010, that elected to be taxed, and operates its business to qualify, as a REIT for U.S. federal income tax purposes beginning with its taxable year ended December 31, 2012.
The Company seeks to attain attractive risk-adjusted returns and create long term value for its investors by investing in a diversified portfolio of senior secured mortgage loans, creditworthy long-term net-leased property investments and other senior loan and liquid credit investments.
As of March 31, 2025, the Company’s loan portfolio consisted of 68 loans with a net book value of $3.3 billion, and investments in real estate-related securities and other of $302.0 million.
The Company conducts its commercial real estate lending business through CIM Commercial Lending REIT (“CLR”), a Maryland statutory trust and subsidiary of the Company which the Company expects to be taxed as a REIT for U.S. federal income tax purposes.
As of March 31, 2025, CLR holds a diversified portfolio of approximately $1.5 billion which includes first mortgage loans with a net book value of $1.1 billion, commercial mortgage-backed securities (“CMBS”) with an estimated fair value of $196.3 million, and an investment in the Unconsolidated Joint Venture (as defined in Note 2 — Summary of Significant Accounting Policies) with a carrying value of $182.8 million.
As of March 31, 2025, the Company owned 186 commercial real estate properties, comprising approximately 6.6 million rentable square feet of commercial space located in 36 states.
As of March 31, 2025, the rentable square feet at these properties was 94.8% leased, including month-to-month agreements, if any.
As of March 31, 2025, the Company owned condominium developments with a net book value of $53.4 million.
| Country | United States |
| Founded | 2010 |
| Industry | REIT - Mortgage |
| Sector | Real Estate |
| CEO | Richard Ressler |
Contact Details
Address: 2398 East Camelback Road, 4th Floor Phoenix, Maryland 85016-9078 United States | |
| Phone | 602 778 8700 |
| Website | cimgroup.com |
Stock Details
| Ticker Symbol | CMRF |
| Exchange | OTCMKTS |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| ISIN Number | US12558Q1031 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| Richard S. Ressler J.D. | Chairman, President and Chief Executive Officer |
| Nathan David DeBacker CPA | Chief Financial Officer, Principal Accounting Officer and Treasurer |
| Laura Eichelsderfer J.D. | Secretary and Managing Director of General Counsel and Public Funds |
| Daniel Ottensoser | Managing Director of Portfolio Oversight |