Market Overview

Jernigan Capital Announces Dividends for Third Quarter 2018

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Jernigan Capital, Inc. (NYSE:JCAP) (the "Company") announced today that
its Board of Directors declared a cash dividend of $0.35 per share of
common stock for the quarter ending September 30, 2018. The dividend is
payable on October 15, 2018 to stockholders of record on October 1,
2018. The quarterly distribution represents an annualized dividend rate
of $1.40 per share, which is the annual dividend rate that the Company
has maintained since its IPO in 2015.

The Company's Board of Directors also declared a cash dividend on the
Series B Preferred Stock in the amount of $0.4375 per share for the
quarter ending September 30, 2018. The dividends are payable on October
15, 2018 to holders of Series B Preferred Stock of record on October 1,
2018. The quarterly distribution represents an annualized dividend rate
of $1.75 per share.

About Jernigan Capital, Inc.

Jernigan Capital, Inc. is a New York Stock Exchange-listed real estate
investment trust (NYSE:JCAP) that provides debt and equity capital to
private developers, owners, and operators of self-storage facilities.
Our mission is to be the preeminent capital partner for self-storage
entrepreneurs nationwide by offering creative solutions through an
experienced team demonstrating the highest levels of integrity,
dedication, excellence and community, while maximizing shareholder
value. The Jernigan Capital team has extensive experience in over 100
U.S. markets—from acquiring and managing self-storage properties to new
self-storage development—providing JCAP with knowledge unmatched by any
lender, broker or advisor to the sector. Jernigan Capital is the only
source of construction and development capital focused solely on the
self-storage sector.

Forward-Looking Statements

This press release includes "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. The
ultimate occurrence of events and results referenced in these
forward-looking statements is subject to known and unknown risks and
uncertainties, many of which are beyond our control. These
forward-looking statements are based upon the Company's present
intentions and expectations, but the events and results referenced in
these statements are not guaranteed to occur. Investors should not place
undue reliance upon forward-looking statements. For a discussion of
these and other risks facing our business, see the information under the
heading "Risk Factors" in our most recent Annual Report on Form 10-K
filed with the Securities and Exchange Commission ("SEC") and our other
filings with the SEC from time to time, which are accessible on the
SEC's website at www.sec.gov.

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