Jernigan Capital, a recently formed REIT lending to self-storage facilities, announced terms for its IPO on Friday.
The Miami, FL-based company plans to raise $100 million by offering 5 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Jernigan Capital would command a market value of $105 million.
Jernigan Capital, which was formed in 2014, plans to list on the NYSE under the symbol JCAP. Raymond James is the sole bookrunner on the deal. It is expected to price during the week of March 23, 2015.
