Jernigan Capital, Inc. announced that it has closed a $13.6 million self-storage development investment in Vinings, Georgia. Construction is expected to commence in the second quarter, with completion of the project expected in the second quarter 2018. Mequity, LLC, headquartered in Atlanta, is the developer of the proposed project. This is the first self-storage development in which the Company and Mequity have co-invested. The project involves conversion of an existing building and construction of an additional connected building, providing an integrated multi-story, all climate-controlled facility. The proposed 103,561 net rentable square foot, 1,118 unit facility is conveniently located just off an exit to the heavily-travelled I-285 loop around Atlanta. This facility will serve the Vinings/Smyrna area, a rapidly growing suburb northwest of Atlanta that is home to the Atlanta Braves’ new baseball stadium.