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    <testOrLive>LIVE</testOrLive>

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        <entityName>JBG SMITH Properties</entityName>
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            <street1>4747 Bethesda Avenue</street1>
            <street2>Suite 200</street2>
            <city>Bethesda</city>
            <stateOrCountry>MD</stateOrCountry>
            <stateOrCountryDescription>MARYLAND</stateOrCountryDescription>
            <zipCode>20814</zipCode>
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        <issuerPhoneNumber>240-333-3600</issuerPhoneNumber>
        <jurisdictionOfInc>MARYLAND</jurisdictionOfInc>
        <issuerPreviousNameList>
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        <edgarPreviousNameList>
            <previousName>Vornado DC Spinco</previousName>
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        <entityType>Other</entityType>
        <entityTypeOtherDesc>Real Estate Investment Trust</entityTypeOtherDesc>
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                <lastName>Xanders</lastName>
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                <zipCode>20814</zipCode>
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                <firstName>Angela</firstName>
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        <relatedPersonInfo>
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                <lastName>Estes</lastName>
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                <firstName>Alan</firstName>
                <middleName>S.</middleName>
                <lastName>Forman</lastName>
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                <firstName>Phyllis</firstName>
                <middleName>R.</middleName>
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    <offeringData>
        <industryGroup>
            <industryGroupType>REITS and Finance</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
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        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2026-04-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
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        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>LTIP Units issued to trustees pursuant to Issuer's equity incentive plan.</descriptionOfOtherType>
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        <businessCombinationTransaction>
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        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
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        <offeringSalesAmounts>
            <totalOfferingAmount>1873907</totalOfferingAmount>
            <totalAmountSold>1873907</totalAmountSold>
            <totalRemaining>0</totalRemaining>
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        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>9</totalNumberAlreadyInvested>
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        <salesCommissionsFindersFees>
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                <dollarAmount>0</dollarAmount>
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            <findersFees>
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        <useOfProceeds>
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                <dollarAmount>0</dollarAmount>
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        <signatureBlock>
            <authorizedRepresentative>true</authorizedRepresentative>
            <signature>
                <issuerName>JBG Smith Properties</issuerName>
                <signatureName>/s/ Steven A. Museles</signatureName>
                <nameOfSigner>Steven A. Museles</nameOfSigner>
                <signatureTitle>Chief Legal Officer and Corporate Secretary</signatureTitle>
                <signatureDate>2026-05-08</signatureDate>
            </signature>
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    </offeringData>
</edgarSubmission>
