Deal Details
Follow-on Offering
Summary
Baird served as a co-manager on this offering
About
Jernigan Capital, Inc. (“Jernigan Capital” or the “Company”) (NYSE: JCAP) recently completed a follow-on offering of 2,650,000 shares of common stock at a price of $19.00 per share, generating gross proceeds of $50.4 million. Jernigan Capital intends to use the net proceeds from the offering to fund the Company’s development portfolio and for general corporate purposes.Jernigan Capital makes debt and equity investments in newly-constructed and existing self-storage facilities. The Company funds real estate loans to private developers, owners and operators of self-storage facilities. As of September 30, 2016, the aggregate committed principal amount of the Company’s investment portfolio was approximately $141.2 million and outstanding principal was $86.2 million. Jernigan Capital is headquartered in Memphis, Tennessee.
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- Date
- December 2016
- Company
- Jernigan Capital, Inc.
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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