Follow-on Offering

Real Estate
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.

For additional information about this transaction, please contact:

Jeff Rogatz +1-202-303-1823
Peter Kies +1-414-765-7262
Sandy Walter +1-414-298-5118
Kris Garin +1-202-303-1818
Real Estate
Follow-on Offering
Date
December 2016
Company
Jernigan Capital, Inc.
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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