Jernigan Capital LLC, a merchant bank and advisory firm serving the self-storage industry, has appointed John A. Good as president and chief operating officer, expected to join the company on or around June 30. Good is a corporate and securities partner and co-head of the real estate investment trust (REIT) practice group at Morrison & Foerster LLP, a global law firm where he has served since October 2013. It’s anticipated that Good will join Jernigan Capital’s board of directors and serve as president and chief operating officer of JCAP Advisors LLC, the company’s external advisor. He’s also expressed an intention to acquire $500,000 of common stock in the open market prior to commencing his employment.
Good graduated from the University of Memphis with a bachelor’s degree in accounting in 1980. He practiced as a certified public accountant at a large regional accounting firm for nearly five years, and graduated from the Cecil C. Humphreys School of Law with honors in 1987.
Good has been a legal and business adviser to REIT senior management teams and boards of directors since 1997, serving clients such as AmREIT Inc., CubeSmart, Education Realty Trust Inc., Farmland Partners Inc., Mid-America Apartment Communities Inc., Quadra Realty Trust Inc., RFS Hotel Investors Inc., Storage USA Inc., Trade Street Residential Inc. and Whitestone REIT. Previously, he was a corporate and securities partner and head of the REIT practice at Bass, Berry & Sims PLC. He was also a shareholder at Baker Donelson from 1994 to 1999, serving as head of the firm’s securities and mergers/acquisitions practice group.
"John is well-known in REIT circles and has been an extremely important part of our team since the formation of the company," said Dean Jernigan, chairman and chief executive officer of Jernigan Capital. "He counseled us through structuring our company and execution of our [initial public offering], and has very ably served other REITs alongside me. Having John as our president and chief operating officer gives the company benefit of his outstanding talents and relationships on a full-time basis to help take us to the next level. I know I speak for the board, management and shareholders when I say that we could not be more pleased."
Jernigan Capital was founded by Jernigan, the former CEO of self-storage REIT CubeSmart, in January 2014. He has more than 30 years of industry experience, having founded Storage USA Inc. in 1984. In 2006, he became CEO of U-Store-It Trust Inc., which changed its branding to CubeSmart in fall 2011. He officially retired from the REIT on Dec. 31, 2013.
Headquartered in Miami, Jernigan Capital provides loans in markets across the United States. Its senior staff has participated in more than $6 billion of self-storage transactions over the past 30 years.