{"id":1004202149,"date":"2018-01-03T08:06:50","date_gmt":"2018-01-03T16:06:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202149"},"modified":"2022-12-08T00:42:27","modified_gmt":"2022-12-08T08:42:27","slug":"jernigan-brings-annual-investments-to-409m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jernigan-brings-annual-investments-to-409m\/","title":{"rendered":"Jernigan Brings Annual Investments to $409M"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/self-storage-news.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" data-attachment-id=\"1004199252\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jernigan-capital-co-invests-with-nh-based-developer\/self-storage-news-6\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/self-storage-news.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"self storage news\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/self-storage-news.png?w=800\" loading=\"lazy\" class=\"alignright wp-image-1004199252\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/self-storage-news.png\" alt=\"self storage news\" width=\"341\" height=\"291\" \/><\/a>Jernigan Capital Inc. has invested $26.2 million in two self-storage facilities, one near Boston MSA and the other in Hackensack, N.J. These two end-of-year deals have brought the company\u2019s investments to a total of $408.7 million. Construction is scheduled to begin in the first half of this year and\u00a0slated for completion by the second quarter of 2019.<\/p>\n<p>The Hackensack project marks Jernigan\u2019s third investment in a <a href=\"https:\/\/www.commercialsearch.com\/news\/jernigan-invests-in-2nd-nj-facility\/\">New Jersey facility<\/a>. The self-storage asset will be located just off Interstate 80, which crosses the Hackensack River. The facility&#8217;s location offers visibility to approximately 190,000 cars per day, in an area with an average household income of $90,000 and more than\u00a0half of the\u00a0population living in rental housing. The new facility will bring the submarket to approximately 4.8 square feet per capita of self-storage supply.<\/p>\n<p>The self-storage project\u00a0near Boston is also in a densely populated area, with approximately 150,000 residents, of whom 61 percent live in rental housing. After the completion of the project, the submarket will have approximately 3.1 square feet of self-storage space per capita.<\/p>\n<p><em>\u201cIn early 2015 we undertook to build a network of best-of-class self-storage developers who could acquire, entitle and develop the best self-storage sites in the top markets in the United States,\u201d <\/em>said John Good, president &amp; chief operating officer of Jernigan Capital. <em>\u201cAfter the two most recent closings, we have consummated 55 development investments with 26 developers, nine of whom have accounted for 37 (approximately 67.2 percent) of these investments<\/em>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has closed the year with two investments totaling $26.2 million. The two facilities are located in the Northeast U.S., one near Boston and the other in Hackensack, N.J. <\/p>\n","protected":false},"author":871,"featured_media":1004199252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21783,21742,10],"tags":[33293],"class_list":["post-1004202149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-investment","category-latest","category-northeast","tag-jernigan-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Jernigan Brings Annual Investments to $409M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jernigan-brings-annual-investments-to-409m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jernigan Brings Annual Investments to $409M\" \/>\n<meta property=\"og:description\" content=\"The company has closed the year with two investments totaling $26.2 million. The two facilities are located in the Northeast U.S., one near Boston and the other in Hackensack, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jernigan-brings-annual-investments-to-409m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-03T16:06:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T08:42:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/self-storage-news.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jernigan-brings-annual-investments-to-409m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jernigan-brings-annual-investments-to-409m\\\/\"},\"author\":{\"name\":\"Evelyn Jozsa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"headline\":\"Jernigan Brings Annual Investments to $409M\",\"datePublished\":\"2018-01-03T16:06:50+00:00\",\"dateModified\":\"2022-12-08T08:42:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jernigan-brings-annual-investments-to-409m\\\/\"},\"wordCount\":245,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jernigan-brings-annual-investments-to-409m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/12\\\/self-storage-news.png\",\"keywords\":[\"Jernigan Capital\"],\"articleSection\":[\"Boston\",\"Investment\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jernigan-brings-annual-investments-to-409m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jernigan-brings-annual-investments-to-409m\\\/\",\"name\":\"Jernigan Brings Annual Investments to $409M - 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