Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Real estate, at cost:
Land and improvements	$ 1,281,375	$ 1,240,455
Buildings and improvements	3,985,055	3,880,973
Construction in progress, including land	585,103	654,091
Real estate, at cost	5,851,533	5,775,519
Less accumulated depreciation	(1,155,114)	(1,119,571)
Real estate, net	4,696,419	4,655,948
Cash and cash equivalents	295,442	126,413
Restricted cash	18,577	16,103
Tenant and other receivables, net	56,036	52,941
Deferred rent receivable, net	174,728	169,721
Total investments in unconsolidated real estate ventures	542,983	543,026
Other assets, net	281,752	253,687
Assets held for sale	73,876	168,412
TOTAL ASSETS	6,139,813	5,986,251
Liabilities:
Mortgages payable, net	1,294,806	1,125,777
Revolving credit facility	200,000	200,000
Unsecured term loans, net	297,466	297,295
Accounts payable and accrued expenses	124,811	157,702
Other liabilities, net	228,323	206,042
Liabilities related to assets held for sale	213
Total liabilities	2,145,619	1,986,816
Commitments and contingencies
Redeemable noncontrolling interests	503,040	612,758
Shareholders' equity:
Preferred shares, $0.01 par value - 200,000 shares authorized, none issued	0	0
Common shares, $0.01 par value - 500,000 shares authorized; 133,517 and 134,148 shares issued and outstanding as of March 31, 2020 and December 31, 2019	1,336	1,342
Additional paid-in capital	3,723,795	3,633,042
Accumulated deficit	(188,239)	(231,164)
Accumulated other comprehensive loss	(45,941)	(16,744)
Total shareholders' equity of JBG SMITH Properties	3,490,951	3,386,476
Noncontrolling interests in consolidated subsidiaries	203	201
Total equity	3,491,154	3,386,677
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 6,139,813	$ 5,986,251