Press Releases

  • 8/19/16
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced today that on August 16, 2016, the Company closed an $8.8 million development investment in Johns Creek, GA, a submarket in the Atlanta MSA. The multi-story 745 unit facility will provide state-of-the-art, all climate-controlled storage to a high-income underserved area of suburban Atlanta. The investment was made through Storage Lenders I, LLC, the Company’s $122.2 million jointmore...
  • 8/2/16
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) today announced results for the quarter ended June 30, 2016, updated annual earnings guidance, and issued earnings guidance for the third quarter. Key highlights for the quarter include: Earnings per share of $0.89 and adjusted earnings per share of $0.99, reflecting significant increases over first quarter 2016; Book value per share increased $0.74, or 4.5%, to $17.04 atmore...
  • 7/27/16
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE:JCAP) (the “Company”) today announced that it has signed a stock purchase agreement (the “Stock Purchase Agreement”) with accounts managed by NexPoint Advisors, L.P. (“NexPoint”), an affiliate of Highland Capital Management, L.P. (collectively with its affiliates, “Highland”) providing for the purchase and sale over a two-year period of up to $125 million of newly-designated Series A Preferred Stock (“Series Amore...
  • 7/22/16
    MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) today announced that it has executed term sheets with two commercial banks for the sale of senior participations/A notes (“A notes”) on 5 of the Company’s self-storage development investments. The development projects involved include newly constructed and opened self-storage facilities in the Atlanta (2 facilities), Orlando and Tampa metropolitan statistical areas (“MSAs”) and a new self-more...