Jernigan Capital, Inc. announced the promotions of John A. Good to Chief Executive Officer and Jonathan Perry to President and Chief Investment Officer. The promotions follow a two-year period of succession planning begun in October 2016 by Dean Jernigan, Founder, Chairman and Chief Executive Officer of the Company and concluding with the hiring of Mr. Perry as Executive Vice President and Chief Investment Officer in June 2018. Mr. Jernigan will continue as Executive Chairman of the Company and will continue his active involvement in the Company's investment activities as a member, along with Messrs.

Good and Perry, of the Company's investment committee. The changes are effective immediately. Mr. Good has been President and Chief Operating Officer of the Company since June 2015.

Prior to that he was the co-chair of the REIT practice group of Morrison & Foerster LLP. Mr. Perry has served as the Company's Executive Vice President and Chief Investment Officer since joining the Company in June 2018. Prior to joining Jernigan Capital, Mr. Perry held several positions at CubeSmart from 2008 until his departure, most recently as Senior Vice President and Chief Investment Officer.