Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Real estate, at cost:
Land and improvements	$ 1,384,157	$ 1,391,472
Buildings and improvements	4,309,606	4,341,103
Construction in progress, including land	285,206	268,056
Real estate, at cost	5,978,969	6,000,631
Less accumulated depreciation	(1,249,613)	(1,232,690)
Real estate, net	4,729,356	4,767,941
Cash and cash equivalents	208,708	225,600
Restricted cash	39,839	37,736
Tenant and other receivables	45,567	55,903
Deferred rent receivable	177,043	170,547
Investments in unconsolidated real estate ventures	455,476	461,369
Other assets, net	289,452	286,575
Assets held for sale	73,876	73,876
TOTAL ASSETS	6,019,317	6,079,547
Liabilities:
Mortgages payable, net	1,591,883	1,593,738
Unsecured term loans, net	398,151	397,979
Accounts payable and accrued expenses	95,813	103,102
Other liabilities, net	203,484	247,774
Liabilities related to assets held for sale	213
Total liabilities	2,289,544	2,342,593
Commitments and contingencies
Redeemable noncontrolling interests	552,927	530,748
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; 131,277 and 131,778 shares issued and outstanding as of March 31, 2021 and December 31, 2020	1,314	1,319
Additional paid-in capital	3,631,277	3,657,643
Accumulated deficit	(433,675)	(412,944)
Accumulated other comprehensive loss	(30,800)	(39,979)
Total shareholders' equity of JBG SMITH Properties	3,168,116	3,206,039
Noncontrolling interests	8,730	167
Total equity	3,176,846	3,206,206
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 6,019,317	$ 6,079,547