JBG SMITH Properties is a real estate investment trust (REIT) that owns and operates a portfolio of commercial and multifamily assets amenitized with ancillary retail. The Company operates through three segments: commercial, multifamily, and third-party asset management and real estate services. The Company’s operating portfolio consists of approximately 62 operating assets comprising over 40 commercial assets totaling approximately 13 million square feet and approximately 22 multifamily assets totaling over 8,208 units. In addition, it has one under-construction asset with over 808 units, approximately 11 near-term development assets totaling over five million square feet of estimated potential development density, and approximately 25 future development pipeline assets totaling over 14 million square feet of estimated potential development density. The Company owns and operates assets in Metro-served submarkets in the Washington, District of Columbia (D.C.) metropolitan area.