Jernigan Capital Closes $62M in Self-Storage Investments


The development commitments are located in Georgia, Texas, Louisiana and Florida.

Memphis, Tenn.—Jernigan Capital has closed $61.7 million in self-storage development investment commitments between Feb. 23 and March 1. The projects include:

  • A proposed multi-story, climate-controlled 1,104-unit facility in the Buckhead submarket of Atlanta. The $17.5 million project, calling for 85,000 net rentable square feet, will be a ground-up development in one of Atlanta’s most affluent submarkets and will be located just off Peachtree Road, N.E., near the junction of I-75 and I-85. Construction is expected to begin in August 2017, and be completed in the third quarter of 2018. Storage Development Partners LLC, headquartered in Memphis, Tenn., is the developer of the proposed facility. The project marks the first self-storage development in which Jernigan Capital and Storage Development Partners have co-invested…

Jernigan Capital Closes $62M in Self-Storage Investments

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