CIM Income NAV Transitions to Monthly NAV REIT

If your financial advisor unsuitably recommended investing in CIM Income NAV , and you incurred losses, you may be able to recover your losses by filing a FINRA Arbitration claim.

CIM Income NAV Inc., a publicly registered non-traded REIT formerly known as Cole Real Estate Income Strategy Inc., will be changing its public offering from a daily to a monthly net asset value REIT.

The  REIT says it is changing the frequency of its NAV calculations from daily to monthly, and it will provide share redemptions on a monthly basis.

Under the new plan, investors’ subscriptions will be accepted on the first day of each month and the purchase price of each class of shares would generally equal the prior month’s NAV, plus applicable selling commissions and dealer manager fees, according to the company.

CIM Income NAV currently offers Class D, Class T, Class S, and Class I shares of common stock, on a continuous basis and for an indefinite period of time, by filing a new registration statement before the end of each prior offering.

In connection with the change to a monthly NAV, the company said that the next monthly redemption date will be April 30, 2020, for redemption requests received in good order by 4:00 p.m. (Eastern Time) on April 29, 2020, and the next subscription admission date will be May 1, 2020, for subscriptions received in good order by April 24, 2020.

The REIT raised approximately $864.3 million in investor equity as of March 31, 2020.

Liquidity Problems

Non-Traded REITs such as a CIM Income NAV are generally speculative, high risk investments and due to these risks are often unsuitable for most investors.

Investors looking to sell non-traded REITs, like CIM Income NAV, often have difficulty finding a buyer, and can suffer significant losses on the sale.

The White Law Group is investigating the liability that some broker dealers may have for improperly recommending CIM Income NAV to investors.

Your financial advisor has a responsibility to perform due diligence on any investment before recommending it to you. If your advisor unsuitably recommended a non-traded REIT and you lost money, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.

If you have suffered losses investing in CIM Income NAV, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call the offices at 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.