Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real estate, at cost:
Land and improvements	$ 1,302,569	$ 1,378,218
Buildings and improvements	4,310,821	4,513,606
Construction in progress, including land	544,692	344,652
Real estate, at cost	6,158,082	6,236,476
Less: accumulated depreciation	(1,335,000)	(1,368,003)
Real estate, net	4,823,082	4,868,473
Cash and cash equivalents	241,098	264,356
Restricted cash	32,975	37,739
Tenant and other receivables	56,304	44,496
Deferred rent receivable	170,824	192,265
Investments in unconsolidated real estate ventures	299,881	462,885
Intangible assets, net	162,246	201,956
Other assets, net	117,028	240,160
Assets held for sale	0	73,876
Total assets	5,903,438	6,386,206
Liabilities:
Mortgage loans, net	1,890,174	1,777,699
Revolving credit facility		300,000
Unsecured term loans, net	547,072	398,664
Accounts payable and accrued expenses	138,060	106,136
Other liabilities, net	132,710	342,565
Total liabilities	2,708,016	2,925,064
Commitments and contingencies
Redeemable noncontrolling interests	481,310	522,725
Shareholders' equity:
Preferred shares, $0.01 par value - 200,000 shares authorized; none issued
Common shares, $0.01 par value - 500,000 shares authorized; 114,013 and 127,378 shares issued and outstanding as of December 31, 2022 and 2021	1,141	1,275
Additional paid-in capital	3,263,738	3,539,916
Accumulated deficit	(628,636)	(609,331)
Accumulated other comprehensive income (loss)	45,644	(15,950)
Total shareholders' equity of JBG SMITH Properties	2,681,887	2,915,910
Noncontrolling interests	32,225	22,507
Total equity	2,714,112	2,938,417
Total liabilities and equity	$ 5,903,438	$ 6,386,206