2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
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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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).