Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, has promoted John A. Good to CEO and Jonathan Perry to president and chief investment officer (CIO). The moves conclude two years of succession planning by company founder Dean Jernigan, who will step down as CEO but continue to serve as executive chairman. He’ll also remain with Good and Perry on the three-member investment committee. The changes are effective immediately, according to a press release.
“We are very fortunate to be able to execute a senior-executive succession plan with two people who have the self-storage knowledge, experience, wisdom and judgment that John and Jonathan have,” Jernigan said. “After working together for many years on other ventures, John and I have been partners building Jernigan Capital from an idea in early 2014 to what it is today. I have thoroughly enjoyed working with John to build our world-class team that continues to serve our shareholders exceptionally well.
“I have worked with Jonathan since 1998 in many capacities in the self-storage business and know him as one of our industry’s best minds, as well as like-minded with John and me on how to create shareholder value,” he continued. “We are very fortunate to have brought him onto the Jernigan Capital team earlier this year. John and Jonathan have worked together extensively in the past and over the past five months at Jernigan Capital and complement each other wonderfully. We remain well-positioned to continue our growth and delivery of strong shareholder returns into the future.”
Good joined the company in June 2015 as president and chief operating officer, playing a key role in investment decisions and assimilating the firm’s team. He previously was co-chair of the real estate investment trust (REIT) practice group at law firm Morrison & Foerster LLP and counseled Jernigan Capital during its 2015 initial public offering. He has more than 25 years of experience working with REIT senior management teams and boards of directors.
Perry was hired by Jernigan Capital in June as executive vice president and CIO. He previously held several positions at CubeSmart, a self-storage REIT and third-party management firm. From 2008, he held several positions at CubeSmart, most recently serving as senior vice president and CIO. Perry began his career at Storage USA in 1998 and served in multiple capacities until the company was acquired by GE Capital in 2002. He previously teamed with Dean Jernigan in a private investment partnership that owned and operated self-storage facilities.
Jernigan Capital is a REIT listed on the New York Stock Exchange. The company provides financing to private developers, operators and owners of self-storage facilities. It offers financing for acquisition, ground-up construction, major redevelopment or refinancing. The firm is externally managed by JCap Advisors LLC.
Source:
Stockhouse, Jernigan Capital Announces Promotions of John Good to Chief Executive Officer and Jonathan Perry to President and Chief Investment Officer
