JBG SMITH Properties is a real estate investment trust. The Company owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, notably National Landing. It operates through three segments: commercial, multifamily, and third-party asset management and real estate services. The Company's portfolio comprises 13.4 million square feet of high-growth multifamily, office and retail assets at share, 98% of which are Metro-served. It also maintains a development pipeline encompassing 9.3 million square feet of mixed-use, primarily multifamily, development opportunities. Its operating portfolio consists of about 40 operating assets comprising 15 multifamily assets totaling 6,318 units, 23 commercial assets totaling 7.2 million square feet and two wholly owned land assets for which the Company is the ground lessor. Additionally, the Company has two under-construction multifamily assets totaling 1,583 units.