Press Release

Jernigan Capital, Inc. Announces Closing of Initial Public Offering

April 1, 2015 4:49 PM EDT

Jernigan Capital, Inc. (the “Company”) today announced that it has closed its initial public offering of 5,000,000 shares of its common stock at a public offering price of $20.00 per share. Shares of the Company’s common stock are traded on the New York Stock Exchange under the ticker symbol “JCAP.” All shares were offered by the Company.

Raymond James & Associates, Inc. served as the book-running manager for the offering. Robert W. Baird & Co. Incorporated and Wunderlich Securities, Inc. served as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 26, 2015. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made solely by means of a prospectus.

A copy of the final prospectus related to the offering may be obtained from: Raymond James and Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716; telephone: 1-800-248-8863, or email: prospectus@raymondjames.com.

About Jernigan Capital, Inc.

Jernigan Capital is a commercial real estate finance company that provides financing to private developers, owners and operators of self-storage facilities. Jernigan Capital offers financing solutions for the ground-up construction of self-storage facilities or major self-storage redevelopment opportunities, as well as for the acquisition of, refinancing of existing indebtedness on, or recapitalization of stabilized self-storage facilities. Jernigan Capital intends to elect to be taxed as a real estate investment trust and is externally managed by JCap Advisors, LLC.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. For example, the fact that the offering described above has priced may imply that the offering will close, but the closing is subject to conditions customary in transactions of this type and may be delayed or may not occur at all. In addition, the fact that the underwriters have an over-allotment option may imply that this option will be exercised. However, the underwriters are not under any obligation to exercise this option, or any portion of it, and they may not do so. Investors should not place undue reliance upon forward-looking statements.

 

Contacts

Jernigan Capital, Inc.
Gregory W. Ward, 305-381-9696