Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Real estate, at cost:
Land and improvements	$ 1,227,558	$ 1,371,874
Buildings and improvements	3,717,356	3,722,930
Construction in progress, including land	859,717	697,930
Real estate, at cost	5,804,631	5,792,734
Less accumulated depreciation	(1,093,665)	(1,051,875)
Real estate, net	4,710,966	4,740,859
Cash and cash equivalents	280,349	260,553
Restricted cash	16,429	138,979
Tenant and other receivables, net	51,787	46,568
Deferred rent receivable, net	162,641	143,473
Investments in and advances to unconsolidated real estate ventures	319,756	322,878
Other assets, net	296,916	264,994
Assets held for sale	168,431	78,981
TOTAL ASSETS	6,007,275	5,997,285
Liabilities:
Mortgages payable, net	1,360,467	1,838,381
Unsecured term loans, net	296,952	297,129
Accounts payable and accrued expenses	140,132	130,960
Other liabilities, net	192,638	181,606
Liabilities related to assets held for sale	0	3,717
Total liabilities	1,990,189	2,451,793
Commitments and contingencies
Redeemable noncontrolling interests	574,228	558,140
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; 134,127 and 120,937 shares issued and outstanding as of June 30, 2019 and December 31, 2018	1,342	1,210
Additional paid-in capital	3,644,699	3,155,256
Accumulated deficit	(184,373)	(176,018)
Accumulated other comprehensive income (loss)	(19,156)	6,700
Total shareholders' equity of JBG SMITH Properties	3,442,512	2,987,148
Noncontrolling interests in consolidated subsidiaries	346	204
Total equity	3,442,858	2,987,352
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 6,007,275	$ 5,997,285