Transactions with Related Parties	9 Months Ended
Sep. 30, 2022
Transactions with Related Parties
Transactions with Related Parties	18.Transactions with Related Parties Our third-party asset management and real estate services business provides fee-based real estate services to the WHI, the JBG Legacy Funds and other third parties. In connection with the contribution to us of certain assets formerly owned by the JBG Legacy Funds as part of the Formation Transaction, the general partner and managing member interests in the JBG Legacy Funds that were held by certain former JBG executives (and who became members of our management team and/or Board of Trustees) were not transferred to us and remain under the control of these individuals. In addition, certain members of our senior management team and Board of Trustees have ownership interests in the JBG Legacy Funds, and own carried interests in each fund and in certain of our real estate ventures that entitle them to receive cash payments if the fund or real estate venture achieves certain return thresholds. We launched the WHI with the Federal City Council in June 2018 as a scalable market-driven model that uses private capital to help address the scarcity of housing for middle income families. We are the manager for the WHI Impact Pool, which is the social impact debt financing vehicle of the WHI. As of September 30, 2022, the WHI Impact Pool had completed closings of capital commitments totaling $114.4 million, which included a commitment from us of $11.2 million. As of September 30, 2022, our remaining unfunded commitment was $6.2 million. The third-party real estate services revenue, including expense reimbursements, from the JBG Legacy Funds and the WHI Impact Pool and its affiliates was $4.9 million and $15.1 million for the three and nine months ended September 30, 2022, and $5.6 million and $17.2 million for the three and nine months ended September 30, 2021. As of September 30, 2022 and December 31, 2021, we had receivables from the JBG Legacy Funds and the WHI Impact Pool and its affiliates totaling $4.1 million and $3.2 million for such services. We rented our former corporate offices from an unconsolidated real estate venture and made payments totaling $214,000 and $922,000 for the three and nine months ended September 30, 2022, and $246,000 and $1.0 million for the three and nine months ended September 30, 2021. We have agreements with Building Maintenance Services ("BMS"), an entity in which we have a minor preferred interest, to supervise cleaning, engineering and security services at our properties. We paid BMS $2.7 million and $7.8 million during the three and nine months ended September 30, 2022, and $4.9 million and $13.4 million for the three and nine months ended September 30, 2021, which is included in "Property operating expenses" in our statements of operations.

Transactions with Related Parties

9 Months Ended

Sep. 30, 2022

18.Transactions with Related Parties

Our third-party asset management and real estate services business provides fee-based real estate services to the WHI, the JBG Legacy Funds and other third parties. In connection with the contribution to us of certain assets formerly owned by the JBG Legacy Funds as part of the Formation Transaction, the general partner and managing member interests in the JBG Legacy Funds that were held by certain former JBG executives (and who became members of our management team and/or Board of Trustees) were not transferred to us and remain under the control of these individuals. In addition, certain members of our senior management team and Board of Trustees have ownership interests in the JBG Legacy Funds, and own carried interests in each fund and in certain of our real estate ventures that entitle them to receive cash payments if the fund or real estate venture achieves certain return thresholds.

We launched the WHI with the Federal City Council in June 2018 as a scalable market-driven model that uses private capital to help address the scarcity of housing for middle income families. We are the manager for the WHI Impact Pool, which is the social impact debt financing vehicle of the WHI. As of September 30, 2022, the WHI Impact Pool had completed closings of capital commitments totaling $114.4 million, which included a commitment from us of $11.2 million. As of September 30, 2022, our remaining unfunded commitment was $6.2 million.

The third-party real estate services revenue, including expense reimbursements, from the JBG Legacy Funds and the WHI Impact Pool and its affiliates was $4.9 million and $15.1 million for the three and nine months ended September 30, 2022, and $5.6 million and $17.2 million for the three and nine months ended September 30, 2021. As of September 30, 2022 and December 31, 2021, we had receivables from the JBG Legacy Funds and the WHI Impact Pool and its affiliates totaling $4.1 million and $3.2 million for such services.

We rented our former corporate offices from an unconsolidated real estate venture and made payments totaling $214,000 and $922,000 for the three and nine months ended September 30, 2022, and $246,000 and $1.0 million for the three and nine months ended September 30, 2021.

We have agreements with Building Maintenance Services ("BMS"), an entity in which we have a minor preferred interest, to supervise cleaning, engineering and security services at our properties. We paid BMS $2.7 million and $7.8 million during the three and nine months ended September 30, 2022, and $4.9 million and $13.4 million for the three and nine months ended September 30, 2021, which is included in "Property operating expenses" in our statements of operations.