JBG SMITH Properties

For the period ended Feb 18, 2025. Filed Feb 18, 2025.

About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Feb 18, 2025 · Filed Feb 18, 2025

Use the contents to explore the available documents and sections.

JBGS$12.44-0.1%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

EX-99.1 · Development Pipeline

Property Table –Development


· dollars in thousands · · · · · · · ·
· · · · · · · · · · · · · · · · ·
· · · · · · · Earliest · · · · · · · · · ·
				Potential					Estimated
· · · · · % · · Construction · · Estimated Potential Development Density (SF) · · Number of ·
· Asset · Submarket · · Ownership · · Start Date (1) · · Total · Multifamily · · Office · Retail · · Units

· National Landing · · · · · · · ·
	1415 S. Eads Street	National Landing	100.0%	2025	538,000	533,800	—	4,200	570
	3330 Exchange Avenue	National Landing	50.0%	2025	239,800	216,400	—	23,400	240
	3331 Exchange Avenue	National Landing	50.0%	2025	180,600	164,300	—	16,300	170
	RiverHouse Land	National Landing	100.0%	2026	2,046,900	2,020,500	—	26,400	1,515
	Potomac Yard Landbay F/G/H	National Landing	50.0% / 100.0%	2026	1,846,000	944,000	844,000	58,000	765
	2250 Crystal Drive	National Landing	100.0%	2026	696,200	681,300	—	14,900	825
	2100/2200 Crystal Drive Land	National Landing	100.0%	2026	565,000	565,000	—	—	530
	223 23rd Street	National Landing	100.0%	2026	492,100	484,100	—	8,000	610
	2525 Crystal Drive	National Landing	100.0%	2026	373,000	370,000	—	3,000	370
	1901 South Bell Street Land (2)	National Landing	100.0%	2026	265,000	265,000	—	—	170
	101 12th Street S.	National Landing	100.0%	2026	239,600	—	234,400	5,200	—
	1800 South Bell Street	National Landing	100.0%	2027	311,000	—	307,000	4,000	—
	DC
	Gallaudet Parcel 2-3 (3)	Union Market	100.0%	2025	819,100	758,200	—	60,900	820
	Gallaudet Parcel 4 (3)	Union Market	100.0%	2026	644,200	605,200	—	39,000	645
	Capitol Point - North	NoMa	100.0%	2026	451,400	434,100	—	17,300	470
	Other Development Parcels (4)				1,248,100	142,200	1,105,900	—	—

	Total				10,956,000	8,184,100	2,491,300	280,600	7,700

	Totals at JBG SMITH Share
	National Landing				6,807,100	5,729,100	963,400	114,600	5,235
	DC				2,107,000	1,840,200	149,600	117,200	1,935
					8,914,100	7,569,300	1,113,000	231,800	7,170

				Fully Entitled	4,734,200	3,729,800	806,000	198,400	4,145
				Entitlement In Process	4,179,900	3,839,500	307,000	33,400	3,025
					8,914,100	7,569,300	1,113,000	231,800	7,170

	Historical Cost at JBG SMITH Share (5)	$ 397,998

See footnotes on page 34.


		Page 33


PROPERTY TABLE – DEVELOPMENT PIPELINE	DECEMBER 31, 2024(Unaudited)

Footnotes

(1)	Represents the earliest potential year in which construction could commence, subject to receipt of full entitlements, completion of design and market conditions. Office developments are pre-lease dependent.

(2)	Currently encumbered by one operating commercial asset.

(3)	Controlled through an option to acquire a leasehold interest with estimated stabilized annual ground rent payments totaling approximately $3.6 million. As of December 31, 2024, the weighted average remaining term for the option is 2.4 years.

(4)	Comprises four assets in which we have a minority interest.

(5)	Historical Cost includes certain intangible assets, such as option and transferable density rights values recorded as part of the Formation Transaction; and excludes certain GAAP adjustments, such as capitalized interest and ground lease costs. See definition of Historical Cost on page 40.


		Page 34


DISPOSITION ACTIVITY	DECEMBER 31, 2024(Unaudited)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.