Jernigan Capital Co-Invests $29.5M in 3 Self-Storage Projects

Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, has invested $29.5 million in three multi-story development projects in Colorado and Kentucky. All are in the proposal stage. Together, they comprise 200,000 net rentable square feet in more than 2,100 units, according to a press release. Each is expected Read More>>Inside Self Storage

We’ve all got the “Pothole Blues”

By Andy Brack, editor and publisher  |  Sometimes the only way to make a point and make sure it gets through is through humor. As the state Senate stumbles drunkenly to find a way to figure out a way to fix state roads and bridges, former gubernatorial candidate Tom Ervin of Greenville turned to song to make his point. He …

Survey: Investor Concerns Over Policy Uncertainty, Gridlock Temper Bullish CRE Outlook

Major steps announced Friday by President Donald Trump to roll back Dodd-Frank regulations and unveil a “massive” tax reform package next week are clearly manna from heaven for CRE investors and lenders, with nearly two-thirds of the executives surveyed by national law firm Akerman LLP believing Trump’s pro-business policies will have a positive impact on the real estate industry this …

Senior Living Community Coming to Chatham County

The development of the new 124-resident community will create 200 jobs in the construction phase and more than 65 upon completion. Pooler, Ga.—Miami-based Shepherd Health and the senior living division of Cobalt Medical Partners have revealed Shepherd Living at Savannah Quarters, a senior living community in metro Atlanta. The community will be managed by Shepherd Senior Living. Read More>>Multifamily Real Estate …

REIT Acquisitions Fall Back to Earth

The trend of weak net acquisitions may continue in 2017. REIT acquisitions declined to a trickle while dispositions increased in 2016, and the signs are that the trend of weak net acquisitions may continue in 2017. Acquisition activity for equity REITs totaled $63.6 billion in 2016, down 35 percent year-over-year, and fourth quarter volume of $7.9 billion was the lowest …

NASH, Newland Nab 4,000-Acre Community near Charleston

Summerville, S.C.—WestRock Land and Development recently sold a major portion of Nexton to North America Sekisui House LLC (NASH), the U.S. operations of Japan-based homebuilder Sekisui House Ltd., and San Diego-based Newland Communities, for an undisclosed amount. NASH’s purchase encompasses approximately 4,000 acres, with 400 acres designated as commercial use. Read More>>Real Estate News

Niche Markets: Golden Age?

It’s Supply vs. Demand in the Senior Housing Ring Senior housing is drawing the interest of a lot of developers these days, and for good reason. The aging population is creating plenty of demand, occupancies are steady, asking rents are rising and returns are healthy. Read More>>Multifamily Real Estate News

Ashford Unveils Proposal to Buy FelCor

The combined company would be the second-largest pure-play publicly traded lodging REIT by guestroom count and the third-largest by enterprise value. Dallas—Ashford Hospitality Trust announced on Tuesday that it had submitted a non-binding proposal to acquire FelCor Lodging Trust for a total consideration of $9.27 per share, which reportedly represents an 11 percent premium to FelCor’s 52-week high closing stock …

Outlook for Apartment Sector Looks Strong

Rents will continue to grow faster than inflation and the average percentage of occupied apartments will continue to be relatively healthy in 2017. Read More>>National Real Estate Investor

Financier Pays About $40 Million for Quail-Hunting Plantation

Witt Stephens, Jr., whose father founded the Arkansas investment house Stephens Inc., nabs a South Georgia property. Witt Stephens, Jr. has purchased a South Georgia quail-hunting plantation for roughly $40 million, according to public records. Known as Blue Springs Plantation, the property wasn’t officially on the market, said Elliott Davenport, Jr. of Hall and Hall, who represented Mr. Stephens. Mr. …

On business: Charleston’s hospitality focus shifts to foreign firms

Thanks in large part to its port, Charleston has long been an international business destination, anchored by blue-chip global employers such as Boeing Co., Mercedes-Benz and Robert Bosch. Even so, there’s always room to improve, to keep the ball rolling. That’s the thought behind a new plan that calls for a “more comprehensive approach to our international engagement” by shining a …