Press Releases

  • 12/22/16
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that it has closed a $8.9 million development investment in Raleigh, North Carolina. The investment was made through Storage Lenders I, LLC, the Company’s joint venture with Heitman Capital Management and an institutional partner (the “Heitman joint venture”). With this investment, the Heitman joint venture is fully committed. The 65,110 net rentable square feet, 756 unit multi-more...
  • 12/19/16
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced today that on December 16, 2016, the 649-unit multi-story climate-controlled self-storage facility in Northaven, CT, a submarket in the New Haven, CT MSA, in which the Company holds a $6.9 million investment and 49.9% profits interest, received its Certificate of Occupancy. The facility will be managed by CubeSmart. The facility opened for business on December 17, 2016more...
  • 12/8/16
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the "Company") today announced that it has priced an underwritten public offering of 2,650,000 shares of its common stock at a public offering price of $19.00 per share, for net proceeds, after the underwriting discount but before estimated expenses of the offering payable by the Company, of approximately $47.7 million. The offering is expected to close on December 13, 2016, subject to customarymore...
  • 12/7/16
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the "Company") today announced that it has commenced an underwritten public offering of $50,000,000 of shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $7,500,000 of shares of common stock. The Company intends to use the net proceeds from the offering to fund its development portfolio and for general corporate purposesmore...