Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real estate, at cost:
Land and improvements	$ 1,109,172	$ 1,194,737
Buildings and improvements	4,083,937	4,021,322
Construction in progress, including land	338,333	659,103
Real estate, at cost	5,531,442	5,875,162
Less: accumulated depreciation	(1,419,983)	(1,338,403)
Real estate, net	4,111,459	4,536,759
Cash and cash equivalents	145,804	164,773
Restricted cash	37,388	35,668
Tenant and other receivables	23,478	44,231
Deferred rent receivable	170,153	171,229
Investments in unconsolidated real estate ventures	93,654	264,281
Deferred leasing costs, net	69,821	81,477
Intangible assets, net	47,000	56,616
Other assets, net	131,318	163,481
Assets held for sale	190,465	0
TOTAL ASSETS	5,020,540	5,518,515
Liabilities:
Mortgage loans, net	1,767,173	1,783,014
Revolving credit facility	85,000	62,000
Term loans, net	717,853	717,172
Accounts payable and accrued expenses	101,096	124,874
Other liabilities, net	115,827	138,869
Liabilities related to assets held for sale	901
Total liabilities	2,787,850	2,825,929
Commitments and contingencies
Redeemable noncontrolling interests	423,632	440,737
Shareholders' equity:
Preferred shares, $0.01 par value - 200,000 shares authorized; none issued
Common shares, $0.01 par value - 500,000 shares authorized; 84,500 and 94,309 shares issued and outstanding as of December 31, 2024 and 2023	846	944
Additional paid-in capital	2,790,403	2,978,852
Accumulated deficit	(997,283)	(776,962)
Accumulated other comprehensive income	15,092	20,042
Total shareholders' equity of JBG SMITH Properties	1,809,058	2,222,876
Noncontrolling interests		28,973
Total equity	1,809,058	2,251,849
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 5,020,540	$ 5,518,515