Memphis REIT to invest in Louisville, Ky., self storage project

Jernigan Capital, a Memphis-based REIT, this month announced plans for a large self storage project in Louisville, Ky.

Jernigan said it has closed a $9.9 million investment in the planned 725-unit, 74,172-square-foot facility. According to a news release, the project will be located on Bardstown Road, with construction expected to finish by the end of 2018. The project is slated to include two climate-controlled buildings.

Memphis-based Storage Development Partners LLC is the developer on the project. For more details, see the news release here.

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