Observer Lite: 4/2/2025

Annual filing from CMFT
Non-traded REIT CIM Real Estate Finance Trust released its 2024 Form 10-K. Highlights for the owned net lease property portfolio (excludes the loan book) include:
-Acquired two assets totaling 105,000 square feet for $44.1 million
-Disposed of seven properties for an aggregate sales price of $90.6 million
-Disposed of 11 condominium units for an aggregate sales price of $37.4 million
-As of December 31, 2024, owned 187 commercial real estate properties located in 36 states and totaling 5.8 million square feet that is 100% leased with a weighted average lease term remaining of 10.5 years
-30.8% of tenants are rated investment grade

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