"Since our initial public offering in March of 2015, we have built from the ground up a best in class portfolio of newly constructed Generation V self-storage facilities in some of the best submarkets in the United States, along with a development platform that is the first of its kind in our sector," said John Good, JCAP's Chief Executive Officer and Chairman. "We believe this transaction with NexPoint validates the quality of the portfolio of self-storage properties and the corporate platform we have built and accomplishes the goal of maximizing value for our stockholders during a very difficult time for all of us. We are certain today's announcement is in the best interests of all of JCAP's stakeholders." "NexPoint has long admired and supported Jernigan Capital's unique self-storage business model and platform," added Jim Dondero, NexPoint's founder and President. "We plan to build on this vision as a private company, maintaining unparalleled asset quality and continuing the current growth trajectory.