Jefferson Capital Interests (JCAP) Closes $11M Investment in Denver MSA

August 29, 2016 4:32 PM EDT

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Jernigan Capital, Inc. (NYSE: JCAP) announced that on August 25, 2016, the Company closed an $11 million development investment in Northglenn, CO, a submarket in the Denver MSA. This multi-story 879 unit facility with 86,657 net rentable square feet will provide state-of-the-art, all climate-controlled storage to a high-income underserved area of suburban Denver. The investment was made through Storage Lenders I, LLC, the Company’s $122.2 million joint venture with Heitman Capital Management and an institutional partner (the “Heitman joint venture”). After the Northglenn investment, the Heitman joint venture has committed $105.2 million of its available capital, leaving $17.0 million of available capital.

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