Memphis public company buys out New York partner

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A Memphis-based public company is continuing to execute on its long-term strategy with a recent property acquisition in New York. Jernigan Capital Inc. (JCAP), which provides financing for self-storage developments across the U.S., announced Dec. 26 it had “acquired the membership interest of its developer partner” in a newly completed self-storage development on Long Island. In other words, JCAP bought out its partner. “This purchase, along with the six other developer buy-outs completed...

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