Renaissance Capital logo

Jernigan Capital Priced, NYSE: JCAP

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

Industry: Financials

First Day Return: +1.5%

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.
more less
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) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/26/2015
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $100
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Miami, FL, United States
Founded 2014
Employees at IPO 0
Website www.jernigancapital.com

Jernigan Capital (JCAP) Performance