Item 8.01. Other Events.
In its Current Reports on Form 8-K filed with
the SEC on February 14, 2022, February 28, 2022, March 21, 2022, April 25, 2022 and May 2, 2022 (the “Initial Reports”), the
Company reported that it completed the acquisition of the First Closing Properties, the Second Closing Properties, the Third Closing Properties,
the Fourth Closing Properties and the Fifth Closing Properties, as defined and described in the Initial Reports. On April 8, 2022, the
Company filed an amended report on Form 8-K amending the reports filed on February 14, 2022, February 28, 2022, and March 21, 2022 to
provide historical statements as of and for the year ended December 31, 2021 and pro forma financial information required by Item 9.01
(a) and (b) of Form 8-K for both the acquisitions completed and those that remained probable during the quarter ended March 31, 2022.
On May 23, 2022, the Company filed an report on Form 8-K to provide certain interim and pro forma financial statements for the CIM Portfolio.
The Company is filing this Current Report on Form
8-K to provide the additional following financial information for the CIM Portfolio in the aggregate: (1) the Combined Statements of Revenues
and Certain Expenses of the CIM Portfolio for the quarter ended March 31, 2022 attached hereto as Exhibit 99.1; and (2) the Company’s
Unaudited Pro Forma Consolidated Balance Sheet as of March 31, 2022 (including the notes thereto) and the Unaudited Pro Forma Consolidated
Statements Operations of the Company for the quarter ended March 31, 2022 and for the year ended December 31, 2021 (including the notes
thereto) attached hereto as Exhibit 99.2.
The Unaudited Pro Forma Consolidated Financial
Statements (including the notes thereto) of the Company are qualified in their entirety and should be read in conjunction with the combined
financial statements of the CIM Portfolio for the fiscal year ended December 31, 2021, included in the Company’s Form 8-K/A filed
with the SEC on April 8, 2022. Because we acquired 24 properties subsequent to March 31, 2022 certain revenues and expenses were recategorized
between completed acquisitions and probable acquisitions, see Note 3 of the Notes to Combined Statements of Revenues and Certain Expenses
of the CIM Portfolio for the quarter ended March 31, 2022 in Exhibit 99.1.
The Unaudited Pro Forma Consolidated Financial
Statements of the Company have been prepared on the basis of certain assumptions and estimates described in the notes thereto and are
subject to other uncertainties and do not purport to reflect what the actual results of operations or financial condition of the Company
would have been had the CIM Portfolio been acquired on the dates assumed for purposes of such pro forma financial statements or to be
indicative of the financial condition or results of operations of the Company as of or for any future date or period. Additionally, the
acquisition accounting used in preparing the pro forma adjustments included in the Unaudited Pro Forma Consolidated Financial Statements
are preliminary, and accordingly, the pro forma adjustments may be revised as additional information becomes available and as additional
analyses are performed. Differences between these preliminary analyses and the final acquisition accounting will likely occur, and these
differences could have a material impact on the Unaudited Pro Forma Consolidated Financial Statements and the Company’s future results
of operations and financial position giving effect to the acquisition of the CIM Portfolio. For further information, see Exhibit 99.2.
The statements in this Current Report on Form
8-K that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties
that could cause actual results or events to be materially different. The words “may,” “will,” “seeks,”
“anticipates,” “believes,” “estimates,” “expects,” “projects,” “plans,”
“intends,” “should” and similar expressions are intended to identify forward-looking statements, although not
all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties
and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from
the results contemplated by the forward-looking statements. These risks and uncertainties include (a) the potential adverse effects of
(i) the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, and (ii) the geopolitical instability
due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and
European Union, and other countries, as well as other public and private actors and companies, on the Company, the Company’s tenants
and the global economy and financial markets, and (b) that any potential future acquisition is subject to market conditions and capital
availability and may not be identified or completed on favorable terms, or at all, as well as those risks and uncertainties set forth
in the Risk Factors section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed on February 24, 2022 and all other filings with the SEC after that date, as such risks, uncertainties and other important factors may be updated from
time to time in the Company's subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the
Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated
events or changes to future operating results over time, unless required to do so by law.