Soreide Law Group is investigating claims made by investors who incurred financial losses due to the recommendations by their broker/dealers or financial advisors to purchase shares in CIM Income NAV Inc, previously known as Cole Real Estate Income Strategy Inc.
CIM Income NAV Inc, is a publicly registered non-traded real estate investment. They declared a net asset value per share for each of their four classes of common stock, as of February 28, 2021. CIM Income NAV Inc owned, as of February 28, 2021, a portfolio of 122 properties in 33 states purchased for $876.9 million. Their portfolio is comprised of shopping centers, retail, industrial and distribution, and office properties, totaling approximately 5.3 million rentable square feet, according to a recent article in The DI Wire. The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares, as of February 28, 2021. Shares were originally priced at $15.00 each.
By February 28, 2021, Class D shares had a net asset value per share of $16.31. The previous month, Class D shares were valued at approximately $16.91.
Class T shares had an NAV per share of approximately $15.87, and the previous month, the shares were valued at $16.46 each.
Class S shares had an NAV per share of approximately $15.86. The previous month, Class S shares were valued at $16.44 each.
Class I shares had an NAV per share of approximately $16.60, and the previous month, were valued at $17.20 each.
Class T and Class S shares are available to the general public, Class D shares are generally available for purchase through fee-based programs known as wrap accounts, and Class I shares are sold to institutional investors, according to The DI Wire.
In February, CIM Income NAV Inc received redemption requests of around $24.9 million, which exceeded the temporarily reduced redemption limit of $4 million. The company said the remaining redemption requests received went unfulfilled.
Both the SEC and FINRA recommend investors be very cautious when purchasing these often high-risk, illiquid, and complex products. Broker/dealers and financial advisors have an obligation to inform their clients of the nature of these products.
If you’ve experienced financial losses in CIM Income NAV Inc due to the recommendation of your broker/dealer or financial advisor, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents clients nationwide before FINRA.
Summit Brokerage and Independent Financial Group each appear on a pending customer claim naming Gilbert Conrad (CRD 2746778). Both claims are unproven allegations. His BrokerCheck report also lists settled disputes at Arkadios Capital and Independent Financial Group.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
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