Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Real estate, at cost:
Land and improvements	$ 1,358,299	$ 1,391,472
Buildings and improvements	4,368,477	4,341,103
Construction in progress, including land	299,359	268,056
Real estate, at cost	6,026,135	6,000,631
Less accumulated depreciation	(1,346,107)	(1,232,690)
Real estate, net	4,680,028	4,767,941
Cash and cash equivalents	194,277	225,600
Restricted cash	34,900	37,736
Tenant and other receivables	51,128	55,903
Deferred rent receivable	187,882	170,547
Investments in unconsolidated real estate ventures	486,052	461,369
Other assets, net	300,537	286,575
Assets held for sale	74,174	73,876
TOTAL ASSETS	6,008,978	6,079,547
Liabilities:
Mortgages payable, net	1,674,285	1,593,738
Unsecured term loans, net	398,493	397,979
Accounts payable and accrued expenses	105,307	103,102
Other liabilities, net	200,204	247,774
Total liabilities	2,378,289	2,342,593
Commitments and contingencies
Redeemable noncontrolling interests	526,913	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; 129,704 and 131,778 shares issued and outstanding as of September 30, 2021 and December 31, 2020	1,298	1,319
Additional paid-in capital	3,606,462	3,657,643
Accumulated deficit	(495,033)	(412,944)
Accumulated other comprehensive loss	(25,446)	(39,979)
Total shareholders' equity of JBG SMITH Properties	3,087,281	3,206,039
Noncontrolling interests	16,495	167
Total equity	3,103,776	3,206,206
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 6,008,978	$ 6,079,547