Dispositions

New York

On June 21, 2018, we completed the $45,000,000 sale of 27 Washington Square North, which resulted in a net gain of $23,559,000 which is included in "net gains on disposition of wholly owned and partially owned assets" on our consolidated statements of income. We acquired the property in December 2015 for $20,000,000.

Discontinued Operations

We have reclassified the revenues and expenses of our former Washington, DC segment which was spun off on July 17, 2017 and other related retail assets that were sold or are currently held for sale to "income from discontinued operations" and the related assets and liabilities to "assets related to discontinued operations" and "liabilities related to discontinued operations" for all periods presented in the accompanying financial statements. The tables below set forth the assets and liabilities related to discontinued operations as of June 30, 2018 and December 31, 2017, and their combined results of operations and cash flows for the three and six months ended June 30, 2018 and 2017.



(Amounts in thousands)	Balance as of
	June 30, 2018		December 31, 2017
Assets related to discontinued operations:
Other assets	$	52	$	1,357

Liabilities related to discontinued operations:
Other liabilities	$	214	$	3,620



(Amounts in thousands)	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2018		2017			2018			2017
Income from discontinued operations:
Total revenues	$	339	$	118,939		$	693		$	235,222
Total expenses	274		94,510			991			190,222
	65		24,429			(298		)	45,000
Additional net gains on sale of real estate	618		—			618			2,267
JBG SMITH Properties spin-off transaction costs	—		(6,211		)	—			(13,464		)
Income from partially-owned entities	—		255			—			342
Pretax income from discontinued operations	683		18,473			320			34,145
Income tax expense	—		(362		)	—			(716		)
Income from discontinued operations	$	683	$	18,111		$	320		$	33,429



(Amounts in thousands)	For the Six Months Ended June 30,
	2018			2017
Cash flows related to discontinued operations:
Cash flows from operating activities	$	(1,781	)	$	83,705
Cash flows from investing activities	—			(52,740		)