Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Self-storage REIT Jernigan Capital announced a definitive merger agreement with NexPoint, an affiliate of NexPoint Advisors LP. The REIT will be taken private in a deal valued at approximately $900 million.

The $900 million agreement, which is an all-cash deal, includes debt and preferred stock to be assumed or refinanced. The company said the deal is expected to close in the fourth quarter of 2020. JCAP owns self-storage facilities across the country. According to their website, they also provide debt and equity capital to private developers, owners and operators of self-storage facilities.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Carley Beckum

Carley Beckum is part of the social media team at ALM.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.