Jernigan Capital arranged $7.53 million in financing for a new self storage development property in Jacksonville, Florida. The multi-story ground up property is expected to offer 784 units on 71,080 net rentable square feet and will be developed by PLG Properties LLC. This is the first co-investment between Jernigan and PLG Properties.
About Jernigan Capital
Jernigan Capital is a boutique self storage REIT that invests primarily in new self storage developments. Understanding the needs of storage entrepreneurs is what Jernigan Capital does best. Our 90% developmnt financing in 100% one-of-a-kind.