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CIM Commercial Trust Corporation Buyback

OLI recorded this information on 9/14/2016

Company: CIM Commercial Trust Corporation
Buyback: CMCT buyback
Share Amount Authorized: 3,628,116
Buyback Details: CIM Commercial Trust Corporation (NASDAQ:CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., today announced that it has repurchased in a privately negotiated transaction 3,628,116 shares of its common stock from a fund (the "Fund") managed by an affiliate of CIM Group, the manager of CMCT. The aggregate purchase price was $79,818,551, or $22 per share.

CIM Commercial Trust acquires, owns, and operates Class A and office assets in metropolitan communities. Co.'s reportable segments consist of commercial real estate properties, namely office and hotel, as well as a segment for its lending business. The products for Co.'s office segment primarily include rental of office space and other tenant services. The products for Co.'s multifamily segment include rental of apartments and other tenant services. The products for Co.'s hotel segment include the operations of hotel properties. Through its loans originated under the Small Business Administration's 7(a) Guaranteed Loan Program , Co. primarily originates loans to small businesses.
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Company Name: 
CIM Commercial Trust Corp
Stock buyback: 
CMCT buyback
Number of ETFs Holding CMCT: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Strong Buy (4.00 out of 4)
93rd percentile
(ranked higher than approx. 93% of all stocks covered)
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