JCAP News and Press, Jernigan Capital Inc.

REITs recorded a sequential improvement across all critical metrics in Q1, powering a historic wave of dividend growth in early 2021. However, several harder-hit property sectors are far from fully-recovered. The Great Financial Crisis resulted in long-term, lasting pain for the real ...

Real Capital Analytics data indicate that despite economic disruptions caused by the pandemic, self-storage sales stood at $7.7B in 2020 which is one-third higher than 2019 levels.Two deals - Blackstone Real Estate Income Trust (BX) acquisition of Simply Self Storage from a Brookfield As...

The Great Financial Crisis resulted in long-term, lasting pain for the real estate sector, but "this time was different" for most REITs due to harsh lessons learned from past crises. Despite early struggles with rent collection, REITs' strong balance sheets and access-to-capital preve...

The Great Financial Crisis of the prior decade resulted in long-term lingering pain for the commercial real estate sector. For REITs, "this time has been different," both for better and worse. The pandemic has resulted in a sharp plunge in property-level metrics that dwarfs that ...

U.S. equity markets climbed to record-highs this past week on positive trial results for a COVID-19 vaccine, a potentially major breakthrough hailed as a "great day for science and humanity." Adding to its 7% post-election surge, the S&P 500 gained 2.3% this past week to...

Cincinnati Bell rises on earnings announcement. Lengthy closing schedule reduces annualized return currently available arbitrageurs. Merger arbitrage cash spreads produce slim positive return extending winning streak. For further details see: Merger Arbitrage Analysis An...

U.S. equity markets surged by the most since April on an election week rally fueled by the mounting prospects of a divided government after the "Blue Wave" failed to materialize. Rebounding from their worst week since March, the S&P 500 surged by 7.2% this past week while the Dow ...

Extra Space Storage (EXR) made a $300M investment in preferred stock of Jernigan Capital (JCAP) in connection with the acquisition of JCAP by affiliates of NexPoint Advisors, L.P. Preferred stock investment consists of a $200M tranche, which will yield 10% per annum and a $100M tranche which ...

Merger activity remained steady last week with four new deals announced. The acquisition of Endurance International Group Holdings by Clearlake Capital Group. The acquisition of Navistar International Corporation by TRATON SE. For further details see: Merger Ar...

NexPoint Advisors LP completes its all-cash acquisition of Jernigan Capital (JCAP) for ~ $900M, including debt and preferred stock to be assumed or financed.Under the agreement, holders of Jernigan common stock and units of its operating company interests will get $17.30 per share/unit in cas...