December 13, 2018

3 Min Read
Self-Storage Finance Firm Jernigan Capital Expands Board of Directors

Jernigan Capital Inc. (JCAP), a merchant bank and advisory firm serving the self-storage industry, has added Randy Churchey and Rebecca Owen to the company’s board of directors, effective immediately. The board now includes eight members. The pair was also appointed to the board’s Compensation Committee and Nominating and Governance Committee, according to a press release.

“Both Becky and Randy are proven leaders and bring a wealth of strategic knowledge, which should make an immediate and meaningful impact on our company,” said CEO John Good. “We are confident that the experience, relationships and expertise in commercial and residential real estate of both these fine individuals will create additional opportunities for JCAP to create value for our shareholders.”

Most recently, Churchey was CEO and chairman of the board of Education Realty Trust Inc. (EdR). Prior to going private in September, the company was a public real estate investment trust (REIT) focused on collegiate-housing communities. Churchey has nearly two decades of experience as an executive of publicly traded real estate companies including FelCor Lodging Trust Inc., Great Wolf Resorts Inc. and RFS Hotel Investors Inc. He also served on the board of trustees of Innkeepers USA Trust. Churchey is the lead independent director and a member of the board of trustees for MedEquities Realty Trust, a public healthcare real estate company.

Owen is senior vice president of Clark Enterprises Inc., a private investment firm with a diversified portfolio ranging from private equity to real estate. She’s also president of CEI Realty Inc., an affiliate of Clark Enterprises that manages the company’s real estate portfolio, which is valued at more than $1 billion. Owen has been in senior leadership positions at Clark for more than 20 years since joining the company as general counsel. She also serves on the company’s Real Estate Investment Committee. Owen is a board member for Carr Properties, a private REIT, and chair of the Real Estate Investment Advisory Committee of ASB Capital Management LLC, an institutional real estate investment firm. She previously served as a board member for Columbia Equity Trust.

“On behalf of the JCAP Board of Directors, I am pleased to welcome Becky and Randy to the board. Both bring unique talents and experiences to our already strong group of independent directors,” said Dean Jernigan, executive chairman. “Becky’s 20 years of experience in real estate investing, with a significant amount of that experience being in development and construction, is a great fit given our evolving business model. Moreover, Randy’s public REIT experience both as an executive and board member, including overseeing over $1 billion of student-housing development projects as CEO of EdR, will further enhance our access to exceptional ideas as we continue to strategically position the company.”

JCAP 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:
Business Wire, Jernigan Capital Adds Rebecca Owen and Randy Churchey to Board of Directors

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