Jernigan Capital, Inc. announced that it has acquired the membership interests of its developer partners in six development investments on its balance sheet, including Atlanta 5, Atlanta 6, Atlanta 7, Charlotte 2, Knoxville, and Louisville 1. Additionally, in November, the SL1 Venture in which the Company has a 10% interest, purchased the membership units of the LLC that owned the Raleigh development. These seven properties are all Generation V, multi-story facilities with a combined 540,222 net of rentable square feet. The current weighted average physical occupancy of the facilities is 39.2%. Each of the properties is branded and managed by CubeSmart. With these acquisitions, the Company, either alone or with its joint venture partner, has now acquired full ownership of 26 development projects financed this cycle, representing 32.5% of the net rentable square feet in the Company’s investment portfolio.