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NexPoint Completes $900M Deal for Jernigan Capital
An affiliate of Dallas-based NexPoint Advisors completed the acquisition of self-storage REIT Jernigan Capital for approximately $900 million in cash. The deal was first announced in August.
“NexPoint has long admired and supported Jernigan Capital’s unique self-storage business model and platform,” Jim Dondero, NexPoint’s founder and president, said when the acquisition was first announced. “We plan to build on this vision as a private company, maintaining unparalleled asset quality and continuing the current growth trajectory.
“With our combined expertise, scale and financial strength, we are well-positioned to execute this vision and further expand the company’s national footprint,” Dondero added.
Under terms of the deal, shareholders in Memphis-based Jernigan are entitled to receive $17.30 per share/unit in cash. Jernigan’s common shares and Series B Preferred Shares will cease trading on the New York Stock Exchange.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

