Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Real estate, at cost:
Land and improvements	$ 1,314,106	$ 1,240,455
Buildings and improvements	4,225,616	3,880,973
Construction in progress, including land	400,933	654,091
Real estate, at cost	5,940,655	5,775,519
Less accumulated depreciation	(1,227,027)	(1,119,571)
Real estate, net	4,713,628	4,655,948
Cash and cash equivalents	455,111	126,413
Restricted cash	37,602	16,103
Tenant and other receivables, net	47,460	52,941
Deferred rent receivable	184,394	169,721
Investments in unconsolidated real estate ventures	463,026	543,026
Other assets, net	302,014	253,687
Assets held for sale	74,089	168,412
TOTAL ASSETS	6,277,324	5,986,251
Liabilities:
Mortgages payable, net	1,690,723	1,125,777
Revolving credit facility		200,000
Unsecured term loans, net	397,808	297,295
Accounts payable and accrued expenses	111,440	157,702
Other liabilities, net	216,494	206,042
Total liabilities	2,416,465	1,986,816
Commitments and contingencies
Redeemable noncontrolling interests	490,921	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; 132,438 and 134,148 shares issued and outstanding as of September 30, 2020 and December 31, 2019	1,325	1,342
Additional paid-in capital	3,721,059	3,633,042
Accumulated deficit	(307,975)	(231,164)
Accumulated other comprehensive loss	(44,650)	(16,744)
Total shareholders' equity of JBG SMITH Properties	3,369,759	3,386,476
Noncontrolling interests in consolidated subsidiaries	179	201
Total equity	3,369,938	3,386,677
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 6,277,324	$ 5,986,251