Press Release

Jernigan Capital, Inc. Announces Closing of Underwriters’ Exercise of Overallotment Option in Initial Public Offering

April 9, 2015 2:02 PM EDT

Jernigan Capital, Inc.  (NYSE:JCAP) (the “Company”) today announced the closing of the issuance of 750,000 additional shares of the Company’s common stock at the initial public offering price, less underwriting discounts and commissions, to the underwriters of its initial public offering pursuant to the underwriters’ option to purchase additional shares. With the closing of the option to purchase additional shares, the Company has issued a total of 5,750,000 shares in the initial public offering, for gross proceeds of $115.0 million before underwriting discounts and commissions and estimated offering expenses, and approximately $105.8 million in net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses.

Raymond James & Associates, Inc. served as the book-running manager for the offering. Robert W. Baird & Co. Incorporated and Wunderlich Securities, Inc. served as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 26, 2015. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering has been made solely by means of a prospectus.

A copy of the final prospectus related to the offering may be obtained from: Raymond James and Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716; telephone: 1-800-248-8863, or email:

About Jernigan Capital, Inc.

Jernigan Capital is a commercial real estate finance company that provides financing to private developers, owners and operators of self-storage facilities. Jernigan Capital offers financing solutions for the ground-up construction of self-storage facilities or major self-storage redevelopment opportunities, as well as for the acquisition of, refinancing of existing indebtedness on, or recapitalization of stabilized self-storage facilities. Jernigan Capital intends to elect to be taxed as a real estate investment trust and is externally managed by JCap Advisors, LLC.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements.




Jernigan Capital
Gregory W. Ward, 305-381-9696