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NexPoint Completes Acquisition of Jernigan Capital, Outlines Growth Plan for NexPoint Storage Platform; Investments from Extra Space Storage and JPMorgan Support Combined Company's Future Growth

Nov 10, 2020 - PR Newswire
Mergers and Acquisitions

PR Newswire

 NexPoint Advisors, L.P. (together with its affiliates "NexPoint")announced today the completion ofNexPoint's previously announced acquisition of Jernigan Capital, Inc. ("JCAP") in an all-cash transaction valued at approximately $900 million, including debt and preferred stock to be assumed or refinanced. JCAP will change its corporate name to NexPoint Storage Partners and will do business under that corporate name going forward.

Holders of JCAP common stock and ...