NexPoint Advisors, an investment adviser, completed the acquisition of Jernigan Capital, a real estate investment trust that provides debt and equity capital to self-storage entrepreneurs, for $900m. "We believe this transaction with NexPoint validates the quality of the portfolio of self-storage properties and the corporate platform we have built and accomplishes the goal of maximizing value for our stockholders during a very difficult time for all of us. We are certain today's announcement is in the best interests of all of JCAP’s stakeholders," John Good, JCAP CEO and Chairman. On October 26, 2020, Jernigan Capital shareholders approved the acquisition by Nexpoint.