Press Releases

  • 1/19/17
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced today that it has closed a $14.1 million ground-up development investment in Atlanta, Georgia. The proposed 92,935 net rentable square feet, 1,049 unit multi-story facility will provide state-of-the-art, all climate-controlled storage to the rapidly growing West Midtown area near the Georgia Tech campus. Construction is expected to commence in the second quarter with completionmore...
  • 1/4/17
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) announced today that it has closed a $16.1 million development investment in Bay Shore, New York. The project involves the conversion of an existing building into a 107,325 net rentable square feet, 1,191 unit multi-story facility that will provide state-of-the-art, all climate-controlled storage in a dense, high income area on Long Island, approximately 40 miles east of midtown Manhattan. Allmore...
  • 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...