Jernigan Capital Announces Acquisition of Developers’ Interests in Two Properties
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced today that it has acquired the membership interests of its developer partners in two development investments on its balance sheet, including Boston 2 and Fort Lauderdale. These properties are both Generation V, multi-story facilities with a combined 157,150 net rentable square feet. The current weighted average physical occupancy of the facilities is 45.7%. Both of the properties are branded and manag
Jernigan Capital Announces Acquisition of Developers’ Interests in Two Properties
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) (the “Company”) announced today that it has acquired the membership interests of its developer partners in two development investments on its balance sheet, including Boston 2 and Fort Lauderdale. These properties are both Generation V, multi-story facilities with a combined 157,150 net rentable square feet. The current weighted average physical occupancy of the facilities is 45.7%. Both of the properties are branded and manag