Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Real estate, at cost:
Land and improvements	$ 1,207,873	$ 1,302,569
Buildings and improvements	4,037,280	4,310,821
Construction in progress, including land	709,878	544,692
Real estate, at cost	5,955,031	6,158,082
Less: accumulated depreciation	(1,355,355)	(1,335,000)
Real estate, net	4,599,676	4,823,082
Cash and cash equivalents	130,522	241,098
Restricted cash	38,257	32,975
Tenant and other receivables	44,080	56,304
Deferred rent receivable	171,121	170,824
Investments in unconsolidated real estate ventures	296,397	299,881
Intangible assets, net	139,876	162,246
Other assets, net	217,903	117,028
Assets held for sale	28,336	0
TOTAL ASSETS	5,666,168	5,903,438
Liabilities:
Mortgage loans, net	1,727,133	1,890,174
Revolving credit facility	92,000
Term loans, net	716,953	547,072
Accounts payable and accrued expenses	135,085	138,060
Other liabilities, net	145,550	132,710
Total liabilities	2,816,721	2,708,016
Commitments and contingencies
Redeemable noncontrolling interests	444,361	481,310
Shareholders' equity:
Preferred shares, $0.01 par value - 200,000 shares authorized; none issued
Common shares, $0.01 par value - 500,000 shares authorized; 97,717 and 114,013 shares issued and outstanding as of September 30, 2023 and December 31, 2022	978	1,141
Additional paid-in capital	3,043,036	3,263,738
Accumulated deficit	(722,847)	(628,636)
Accumulated other comprehensive income	51,668	45,644
Total shareholders' equity of JBG SMITH Properties	2,372,835	2,681,887
Noncontrolling interests	32,251	32,225
Total equity	2,405,086	2,714,112
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 5,666,168	$ 5,903,438