JBG SMITH Accelerates Capital Recycling Initiatives Through $580 million Business Portfolio Joint Venture with Fortress Investment decision Team

BETHESDA, Md., February 14, 2022–(Company WIRE)–JBG SMITH (NYSE: JBGS), a major operator and developer of high-quality, mixed-use properties in the Washington, DC current market, entered into a definitive arrangement with affiliate marketers of Fortress Expenditure Team LLC (“Fortress”) to kind a joint venture to recapitalize a 1.6 million sq. foot portfolio of seven workplace structures owned by JBG SMITH valued at $580 million.

The portfolio consists of 7200 Wisconsin Avenue in Bethesda, MD, 1730 M Street in Washington, DC, RTC West I, II and III in Reston, VA, and Courthouse Plaza I and II in Arlington, VA.

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