Taft Advises CIM Real Estate Finance Trust in Acquisition of CIM Group, LLC

Taft advised CIM Real Estate Finance Trust, Inc. (CMFT) in its acquisition of CIM Group, LLC's real assets management business and portfolio of investments. In connection with the transaction, CMFT has changed its legal name to CIM Group, Inc.

The combined company will operate as a diversified owner, operator, lender, developer, and real assets management platform, managing over $30 billion of assets.

Prior to the acquisition, CMFT was an externally managed, publicly registered non-listed REIT with a diversified portfolio of senior secured mortgage loans, creditworthy long-term net-leased property investments, and other senior loan and liquid credit investments.

The multidisciplinary team at Taft advising CMFT on this transaction was led by Lauren Prevost and Seth Weiner, and included Art McMahon, Bill Sider, Mark Stern, Jeanne Cors, Bryar Brandvold, Kierre Elvington, and Abani Rollins.

For additional details, read the full release on the transaction here.