Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Real estate, at cost:
Land and improvements	$ 1,285,415	$ 1,240,455
Buildings and improvements	4,065,543	3,880,973
Construction in progress, including land	563,133	654,091
Real estate, at cost	5,914,091	5,775,519
Less accumulated depreciation	(1,194,743)	(1,119,571)
Real estate, net	4,719,348	4,655,948
Cash and cash equivalents	710,677	126,413
Restricted cash	20,356	16,103
Tenant and other receivables, net	56,102	52,941
Deferred rent receivable, net	177,951	169,721
Investments in unconsolidated real estate ventures	464,437	543,026
Other assets, net	273,030	253,687
Assets held for sale	73,876	168,412
TOTAL ASSETS	6,495,777	5,986,251
Liabilities:
Mortgages payable, net	1,312,524	1,125,777
Revolving credit facility	500,000	200,000
Unsecured term loans, net	397,637	297,295
Accounts payable and accrued expenses	125,433	157,702
Other liabilities, net	220,414	206,042
Total liabilities	2,556,008	1,986,816
Commitments and contingencies
Redeemable noncontrolling interests	499,083	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; 133,708 and 134,148 shares issued and outstanding as of June 30, 2020 and December 31, 2019	1,338	1,342
Additional paid-in capital	3,742,205	3,633,042
Accumulated deficit	(255,162)	(231,164)
Accumulated other comprehensive loss	(47,886)	(16,744)
Total shareholders' equity of JBG SMITH Properties	3,440,495	3,386,476
Noncontrolling interests in consolidated subsidiaries	191	201
Total equity	3,440,686	3,386,677
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 6,495,777	$ 5,986,251