Jernigan Capital (JCAP) is a relatively small ($428 million market cap) REIT that specializes in lending to, and owning, self-storage facilities in major markets in the US. The company IPO’d in 2015 and has grown from 8 development loans and 2 refinance loans to 72 total investments including 8 wholly-owned properties.
Image from finviz.com
The following image is an example given by the company that explains the type of lending that JCAP typically pursues:
Image from April 2019 Investor Presentation
The business model is a sound one and allows JCAP to sow investment