Jernigan Capital, Inc. Announces New Investment in Atlanta, Georgia
January 19 2017 - 9:00AM
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
completion expected in the second quarter of 2018. RRB Development,
LLC, headquartered in Atlanta, is the developer of the proposed
project. This is the fourth self-storage development in which the
Company and RRB Development have co-invested.
About Jernigan Capital, Inc.
Jernigan Capital, Inc. is a New York Stock Exchange-listed real
estate investment trust (NYSE: JCAP) that provides debt and equity
capital to private developers, owners, and operators of
self-storage facilities. Our mission is to be the preeminent
capital partner for self-storage entrepreneurs nationwide by
offering creative solutions through an experienced team
demonstrating the highest levels of integrity, dedication,
excellence and community, while maximizing shareholder value. The
Jernigan Capital team has extensive experience in over 100 U.S.
markets—from acquiring and managing self-storage properties to new
self-storage development—providing JCAP with knowledge unmatched by
any lender, broker or advisor to the sector. Jernigan Capital is
the only source of construction and development capital focused
solely on the self-storage sector.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of. The
ultimate occurrence of events and results referenced in these
forward-looking statements is subject to known and unknown risks
and uncertainties, many of which are beyond our control. These
forward-looking statements are based upon the Company's present
intentions and expectations, but the events and results referenced
in these statements are not guaranteed to occur. Investors should
not place undue reliance upon forward-looking statements. For a
discussion of these and other risks facing our business, see the
information under the heading “Risk Factors” in our Annual Report
on Form 10-K filed with the Securities and Exchange Commission
(“SEC”) and our other filings with the SEC from time to time, which
are accessible on the SEC’s website at www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20170119005675/en/
Jernigan Capital, Inc.John A. Good, 901-567-9517
Jernigan Capital (NYSE:JCAP)
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