Jernigan Capital, Inc. announced that it has closed a $14.1 million ground-up development investment in Atlanta, Georgia. The proposed 92,935 net rentable square feet, 1,049 unit multi-story facility will provide all climate-controlled storage to the rapidly growing West Midtown area near the Georgia Tech campus. Construction is expected to commence in the second quarter with completion expected in the second quarter of 2018. RRB Development, LLC, headquartered in Atlanta, is the developer of the proposed project. This is the fourth self-storage development in which the Company and RRB Development have co-invested.