Filing Details

Accession Number:
0001193125-20-243030
Form Type:
13D Filing
Publication Date:
2020-09-10 15:18:53
Filed By:
Strategic Storage Growth Trust Ii, Inc.
Company:
Jernigan Capital Inc. (NYSE:JCAP)
Filing Date:
2020-09-10
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
SS Growth Operating Partnership II 1,231,731 0 1,231,731 0 1,231,731 5.3%
Strategic Storage Growth Trust II, Inc. 83-1893371 1,231,731 0 1,231,731 0 1,231,731 5.3%
SS Growth Advisor II 1,231,731 0 1,231,731 0 1,231,731 5.3%
SmartStop REIT Advisors 1,231,731 0 1,231,731 0 1,231,731 5.3%
SmartStop TRS, Inc. 46-17461 1,231,731 0 1,231,731 0 1,231,731 5.3%
SmartStop OP 1,231,731 0 1,231,731 0 1,231,731 5.3%
SmartStop Self Storage REIT, Inc. 46-17 1,231,731 0 1,231,731 0 1,231,731 5.3%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

(Amendment No. 1)*

Under the Securities Exchange Act of 1934

 

 

Jernigan Capital, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

476405105

(CUSIP Number)

H. Michael Schwartz

Chief Executive Officer

Strategic Storage Growth Trust II, Inc.

10 Terrace Road

Ladera Ranch, California 92694

(949) 429-6600

With a copy to:

Michael K. Rafter, Esq.

Erin Reeves McGinnis, Esq.

Nelson Mullins Riley & Scarborough LLP

201 17th Street NW, Suite 1700

Atlanta, Georgia 30363

(404) 322-6627

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

September 8, 2020

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule l3G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☒

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 476405105

Page 2 of 12

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

 

SS Growth Operating Partnership II, L.P.

83-1904374

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

OO

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

with:

 

     7.   

Sole Voting Power

 

1,231,731

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,231,731

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,231,731

12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13.  

Percent of Class Represented by Amount in Row (11)

 

5.3%

14.  

Type of Reporting Person

 

PN


CUSIP No. 476405105

Page 3 of 12

 

  1.  

Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

 

Strategic Storage Growth Trust II, Inc.

83-1893371

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

OO

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

Maryland

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

with:

 

     7.   

Sole Voting Power

 

1,231,731

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,231,731

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,231,731

12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13.  

Percent of Class Represented by Amount in Row (11)

 

5.3%

14.  

Type of Reporting Person

 

CO


CUSIP No. 476405105

Page 4 of 12

 

  1.   

Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

 

SS Growth Advisor II, LLC

83-1933590

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

OO (See Item 3 of Original Schedule 13D)

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

with:

 

     7.    

Sole Voting Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,231,731 (See Item 6 of Original Schedule 13D)

12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13.  

Percent of Class Represented by Amount in Row (11)

 

5.3%

14.  

Type of Reporting Person

 

OO


CUSIP No. 476405105

Page 5 of 12

 

  1.   

Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

 

SmartStop REIT Advisors, LLC

84-2447249

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

OO (See Item 3 of Original Schedule 13D)

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

with:

 

     7.    

Sole Voting Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,231,731 (See Item 6 of Original Schedule 13D)

12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13.  

Percent of Class Represented by Amount in Row (11)

 

5.3%

14.  

Type of Reporting Person

 

HC


CUSIP No. 476405105

Page 6 of 12

 

  1.   

Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

 

SmartStop TRS, Inc.

46-1746121

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

OO (See Item 3 of Original Schedule 13D)

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

with:

 

     7.    

Sole Voting Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,231,731 (See Item 6 of Original Schedule 13D)

12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13.  

Percent of Class Represented by Amount in Row (11)

 

5.3%

14.  

Type of Reporting Person

 

CO


CUSIP No. 476405105

Page 7 of 12

 

  1.   

Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

 

SmartStop OP, L.P.

46-1733955

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

OO (See Item 3 of Original Schedule 13D)

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

with:

 

     7.    

Sole Voting Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,231,731 (See Item 6 of Original Schedule 13D)

12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13.  

Percent of Class Represented by Amount in Row (11)

 

5.3%

14.  

Type of Reporting Person

 

PN


CUSIP No. 476405105

Page 8 of 12

 

  1.   

Name of Reporting Person

I.R.S. Identification No. of Above Person (Entities Only)

 

SmartStop Self Storage REIT, Inc.

46-1722812

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

OO (See Item 3 of Original Schedule 13D)

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

Maryland

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

with:

 

     7.    

Sole Voting Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,231,731 (See Item 6 of Original Schedule 13D)

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,231,731 (See Item 6 of Original Schedule 13D)

12.  

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares

 

13.  

Percent of Class Represented by Amount in Row (11)

 

5.3%

14.  

Type of Reporting Person

 

CO


CUSIP No. 476405105

Page 9 of 12

 

The following constitutes Amendment No. 1 (Amendment No. 1) to the Schedule 13D filed by the undersigned on April 28, 2020 (the Original Schedule 13D). Amendment No. 1 amends the Original Schedule 13D as set forth herein. Except as set forth below, all previous items remain unchanged

 

Item 5.

Interests in Securities of the Issuer.

Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety as follows:

(a) SS Growth Operating Partnership II, L.P. (the Operating Partnership), which is the operating partnership of Strategic Growth Trust II, Inc. (the Company) directly owns 1,231,731 shares of Common Stock, representing 5.3% of the outstanding shares of Common Stock. SS Growth Advisor II, LLC (the Advisor), SmartStop REIT Advisors, LLC (SmartStop REIT Advisors), SmartStop TRS, Inc. (SmartStop TRS), SmartStop OP, L.P. (SmartStop OP) and SmartStop Self Storage REIT, Inc. (SmartStop REIT) each may be deemed to be beneficial owners of the shares of Common Stock owned directly by the Operating Partnership; the Advisor, SmartStop REIT Advisors, SmartStop TRS, SmartStop OP, and SmartStop REIT, however, hereby disclaim beneficial ownership of the shares of the Common Stock. The percentages used in this statement on Schedule 13D/A are calculated based upon 23,263,130 shares of Common Stock outstanding as of August 18, 2020 as reported in the Issuers Preliminary Proxy Statement on Schedule 14A, filed by the Issuer with the U.S. Securities and Exchange Commission on August 20, 2020.

(b) The Company, as the general partner of the Operating Partnership, has the sole power to vote, or to direct the vote of, and the sole power to dispose of, or to direct the disposition of, the 1,231,731 shares of the Common Stock.

(c) 234,483 shares of Common Stock were sold through the following open market sales within the sixty (60) days prior to the filing of this Schedule 13D/A:

 

Date

   Number of Shares of
Common Stock
     Average Price per
Share of Common
Stock
     Aggregate Sales
Price
 

August 6, 2020

     16,984      $ 17.30      $ 293,838  

August 7, 2020

     48,188    $ 17.31      $ 834,318  

August 10, 2020

     2,969    $ 17.30      $ 51,364  

August 11, 2020

     2,841    $ 17.31      $ 49,189  

August 27, 2020

     53,073    $ 17.25      $ 915,711  

August 27, 2020

     9,394    $ 17.30      $ 162,516  

August 28, 2020

     46,927    $ 17.25      $ 809,491  

August 28, 2020

     23,651      $ 17.30      $ 409,162  

August 31, 2020

     6,496      $ 17.25      $ 112,071  

September 1, 2020

     2,358      $ 17.25      $ 40,676  

September 2, 2020

     10,602      $ 17.25      $ 182,885  

September 8, 2020

     11,000      $ 17.25      $ 189,750  

Except as set forth in this Item 5(c), no other person named in Item 2 has engaged in any transaction during the past 60 days in shares of the Common Stock.


CUSIP No. 476405105

Page 10 of 12

 

(d) To the best knowledge of the Reporting Persons, no one other than the Reporting Persons, or the partners, members, affiliates, or stockholders of the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common Stock beneficially owned.

(e) Not applicable.

 

Item 7.

Materials to be Filed as Exhibits.

Exhibit No. 1. Agreement of Joint Filing dated September 10, 2020, by and among the Reporting Persons


CUSIP No. 476405105

Page 11 of 12

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.

Date: September 10, 2020

 

SS GROWTH OPERATING PARTNERSHIP II, L.P.     SMARTSTOP TRS, INC.
By:   Strategic Storage Growth Trust II, Inc.,     /s/ H. Michael Schwartz
  its General Partner     H. Michael Schwartz
      Executive Chairman
/s/ H. Michael Schwartz    
H. Michael Schwartz     SMARTSTOP OP, L.P.
Chief Executive Officer      
    By:   SmartStop Self Storage REIT, Inc.
STRATEGIC STORAGE GROWTH TRUST II, INC.       its General Partner
/s/ H. Michael Schwartz     /s/ H. Michael Schwartz
H. Michael Schwartz     H. Michael Schwartz
Chief Executive Officer     Executive Chairman
SS GROWTH ADVISOR II, LLC     SMARTSTOP SELF STORAGE REIT, INC.
/s/ H. Michael Schwartz     /s/ H. Michael Schwartz
H. Michael Schwartz     H. Michael Schwartz
Executive Chairman     Executive Chairman
SMARTSTOP REIT ADVISORS, LLC    
/s/ H. Michael Schwartz    
H. Michael Schwartz    
Executive Chairman    

CUSIP No. 476405105

Page 12 of 12

 

EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D/A (including additional amendments thereto) with respect to the shares of common stock, $0.01 par value per share, of Jernigan Capital, Inc., a Maryland corporation. This Joint Filing Agreement shall be filed as an exhibit to such Statement.

Dated: September 10, 2020

 

SS GROWTH OPERATING PARTNERSHIP II, L.P.     SMARTSTOP TRS, INC.
By:   Strategic Storage Growth Trust II, Inc.,     /s/ H. Michael Schwartz
  its General Partner     H. Michael Schwartz
      Executive Chairman
/s/ H. Michael Schwartz    
H. Michael Schwartz     SMARTSTOP OP, L.P.
Chief Executive Officer      
    By:   SmartStop Self Storage REIT, Inc.
STRATEGIC STORAGE GROWTH TRUST II, INC.       its General Partner
/s/ H. Michael Schwartz     /s/ H. Michael Schwartz
H. Michael Schwartz     H. Michael Schwartz
Chief Executive Officer     Executive Chairman
SS GROWTH ADVISOR II, LLC     SMARTSTOP SELF STORAGE REIT, INC.
/s/ H. Michael Schwartz     /s/ H. Michael Schwartz
H. Michael Schwartz     H. Michael Schwartz
Executive Chairman     Executive Chairman
SMARTSTOP REIT ADVISORS, LLC    
/s/ H. Michael Schwartz    
H. Michael Schwartz    
Executive Chairman