Deal Snapshot
JERNIGAN CAPITAL ACQUIRES DEVELOPERS´ INTERESTS IN SEVEN PROPERTIES
Friday 14 February 2020

Tennessee, US-based real estate investment trust Jernigan Capital, Inc. (NYSE: JCAP) has acquired the membership interests of its developer partners in six development investments on its balance sheet, to expand portfolio of recently delivered self-storage facilities in top MSAs, the company said.
Properties include Atlanta 5, Atlanta 6, Atlanta 7, Charlotte 2, Knoxville, and Louisville 1. Additionally, in November, the SL1 Venture in which the company has a 10% interest, purchased the membership units of the LLC that owned the Raleigh development.


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Details
Date Published: 14/02/2020
Target: six development investments
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: Jernigan Capital
Comment:
Terms of the deal were not disclosed

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