Memphis public company hits 'major milestone'

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With an increased access to capital, a Memphis-based public company has hit another “major milestone.” Jernigan Capital Inc. (JCAP) — a real estate investment trust that provides financing for self-storage developments across the U.S. and has a goal to eventually own those developments — announced Wednesday, Dec. 28, it had entered into an amended and restated senior secured revolving credit facility of up to $235 million. “This new facility marks another major milestone for JCAP,”...

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