Jernigan Capital, Inc. Announces Pricing of Upsized Public Offering of Common Stock

Jernigan Capital, Inc. Announces Pricing of Upsized Public Offering of Common Stock  MEMPHIS, Tenn.–(BUSINESS WIRE)–Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) today announced that it has priced an underwritten public offering of 3,500,000 shares of its common stock, which was upsized from the previously announced offering of 3,000,000 shares of common stock, at a public offering price of $22.00 per share, for net proceeds, after the underwriting discount but before estimated expenses of the offering payable by the Company, of approximately $73.2 million. The offering is expected to close on June 27, 2017, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of common stock. The Company intends to use the net proceeds from the offering to fund its development portfolio and for general corporate purposes. Raymond James & Associates, Inc., Jefferies LLC, KeyBanc Capital Markets Inc. and Robert W. Baird & Co. Incorporated are acting as joint book-running managers for the offering and FBR & Co. is acting as co-manager. This offering may only be made by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus related to the offering may be obtained by visiting the Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov or from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863, email: prospectus@raymondjames.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, telephone: (877) 821-7388, email: Prospectus_Department@Jefferies.com; and KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square,...

Announcing Date of Earnings Release and Conference Call to Discuss Second Quarter 2015 Results

MIAMI – (BUSINESS WIRE) – July 21, 2015 – Jernigan Capital, Inc. (the “Company”) (NYSE: JCAP) announced today it will release financial results for the three and six months ended June 30, 2015 on Tuesday, August 11, 2015 after the market closes. The Company will host a conference call for investors and other interested parties at 11:00 a.m. EDT on Wednesday, August 12, 2015. The conference call will be accessible by telephone and the Internet. To access the call, participants from within the U.S. may dial 1-877-876-9177 and participants from outside the U.S. may dial 1-785-424-1666. The passcode for the call is JCAPQ215. Participants may also access the call via live webcast by visiting the Company’s investor relations website at investors.jernigancapital.com. The replay of the call will be available at approximately 2:00 p.m. EDT on Wednesday, August 12, 2015 through midnight, EDT on Thursday, August 27, 2015. To access the replay, persons within the U.S. may dial 1-800-695-2122 and participants from outside the U.S. may dial 1-402-530-9027. The archive of the webcast will be available on the Company’s website until August 26, 2015. About Jernigan Capital, Inc. Jernigan Capital is a commercial real estate finance company that provides financing to private developers, owners and operators of self-storage facilities. Jernigan Capital offers financing solutions for the ground-up construction of self-storage facilities or major self-storage redevelopment opportunities, as well as for the acquisition of, refinancing of existing indebtedness on, or recapitalization of stabilized self-storage facilities. Jernigan Capital intends to elect to be taxed as a real estate investment trust and is externally managed by JCap Advisors, LLC. Forward-Looking Statements This press...

Exclusive: Jernigan envisions 4- to 5-year construction cycle

September 4, 2014 Dean Jernigan, former CEO of self-storage REIT CubeSmart, says the recent uptick in spending on self-storage projects is just the start of a construction cycle that he predicts will stretch over the next four to five years. He expects the cycle to peak in 2016. “We are essentially three-quarters through the year and yet very little has gotten started,” Jernigan told The SpareFoot Storage Beat. “I think [the development cycle] is going to be longer and more drawn-out because it is still difficult for people to access the debt market.” The Sparefoot Storage Beat, By Alexander...
A Conversation with Dean Jernigan: Things I Wish I Would Have Known

A Conversation with Dean Jernigan: Things I Wish I Would Have Known

“This is an unbelievable opportunity to hear the best advice from a self storage industry icon, Dean Jernigan (former CEO of CubeSmart and Storage USA).  Dean will share with the audience his best advice on the things that he wishes someone would have told him before he started out on his 30-year self storage journey.” Texas Self Storage Association View the powerpoint...