Baird served as a co-manager on this offering
AboutJernigan 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:
- December 2016
- Jernigan Capital, Inc.
- Real Estate
- Target Location
- North America