Jernigan Capital Priced, NYSE: JCAP

Newly formed REIT focused on lending to self-storage facilities.

Industry: Financials

Latest Trade: $20.23 0.00 (0.0%)

First Day Return: +1.5%

Return from IPO: +1.2%

Industry: Financials

Jernigan Capital, Inc. is a commercial real estate finance company that lends to private developers, owners and operators of self-storage facilities. We believe that present market conditions are favorable for realizing attractive risk-adjusted returns on loans secured by self-storage facilities. Our founder, chairman, president and chief executive officer is Dean Jernigan, a 30-year veteran of the self-storage industry, including a combined 16 years as the chief executive officer of Storage USA and CubeSmart, both New York Stock Exchange listed self-storage REITs. During his time at these two companies, Mr. Jernigan oversaw the investment of over $3 billion of capital in the self-storage industry. Subsequent to the closing of this offering, we anticipate funding an initial loan portfolio consisting of 15 loans in the aggregate principal amount of approximately $122.7 million.
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IPO News for Jernigan Capital
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IPO Data
IPO File Date 02/20/2015
Offer Price $20.00
Price Range $19.00 - $21.00
Offer Shares (mm) 5.0
Deal Size ($mm) $100
IPO Data
IPO Date 03/26/2015
Offer Price $20.00
Price Range $19.00 - $21.00
Offer Shares (mm) 5.0
Deal Size ($mm) $100
Underwriters
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Company Data
Headquarters Miami, FL
Founded 2014
Employees
Website www.jernigancapital.com