v3.25.4

Acquisitions, Dispositions and Assets Held for Sale | 12 Months Ended
--- | ---
Dec. 31, 2025
Acquisitions, Dispositions and Assets Held for Sale |
Acquisitions, Dispositions and Assets Held for Sale | 3. Acquisitions, Dispositions and Assets Held for Sale Acquisitions In September 2025, we acquired the remaining 45.0% interest in the unconsolidated real estate venture that owned 1101 17th Street, a 210,451 square-foot commercial asset in Washington D.C., for no consideration. We had discontinued applying the equity method of accounting on this investment in 2018 as we had received cumulative distributions in excess of our cumulative contributions and share of earnings, which reduced our investment to zero. 1101 17th Street was consolidated as of the date of acquisition, and we recorded our investment in the asset at the net carryover basis of our previously held equity investment. We recorded assets of $32.3 million primarily consisting of land, and we recorded liabilities of $32.3 million primarily consisting of $30.4 million related to the estimated fair value of a $60.0 million non-recourse interest-only mortgage loan with a fixed interest rate of 3.40% and a maturity date of July 14, 2026. In May 2025, we acquired Tysons Dulles Plaza, a 491,494 square-foot commercial asset in Tysons, Virginia, for $42.3 million, exclusive of $413,000 of transaction costs that were capitalized as part of the acquisition. During 2023, we paid the deferred purchase price of $19.6 million related to the 2020 acquisition of a development parcel, formerly the Americana hotel. Dispositions The following table summarizes disposition activity: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gain (Loss)
​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | Cash | ​ | on the Sale
​ | ​ | ​ | ​ | ​ | ​ | Sales | ​ | Proceeds | ​ | of Real
Date Disposed | ​ ​ ​ | Assets | ​ ​ ​ | Segment | ​ ​ ​ | Price | ​ ​ ​ | from Sale | ​ ​ ​ | Estate
​ | ​ | ​ | ​ | ​ | ​ | (In thousands)
Year Ended December 31, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
February 19, 2025 | ​ | 8001 Woodmont (1) | ​ | Multifamily | ​ | $ | 194,000 | ​ | $ | 188,779 | ​ | $ | (840)
June 20, 2025 | ​ | Development Parcel | ​ | Other | ​ | ​ | 11,000 | ​ | ​ | 10,355 | ​ | ​ | (539)
June 25, 2025 | ​ | WestEnd25 (2) | ​ | Multifamily | ​ | ​ | 186,000 | ​ | ​ | 181,098 | ​ | ​ | 42,304
July 10, 2025 | ​ | The Batley | ​ | Multifamily | ​ | ​ | 155,000 | ​ | ​ | 150,053 | ​ | ​ | (37)
December 9, 2025 | ​ | Development Parcel | ​ | Other | ​ | ​ | 8,000 | ​ | ​ | 7,545 | ​ | ​ | (393)
​ | ​ | Other (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 6,138
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 46,633
Year Ended December 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
January 22, 2024 | ​ | North End Retail | ​ | Multifamily | ​ | $ | 14,250 | ​ | $ | 12,410 | ​ | $ | (1,200)
September 17, 2024 | ​ | Fort Totten Square | ​ | Multifamily | ​ | ​ | 86,800 | ​ | ​ | 84,600 | ​ | ​ | (5,352)
December 19, 2024 | ​ | 2101 L Street (4) | ​ | Commercial | ​ | ​ | 110,101 | ​ | ​ | 105,014 | ​ | ​ | —
​ | ​ | Other (5) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 3,799
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (2,753)
Year Ended December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 17, 2023 | ​ | Development Parcel | ​ | Other | ​ | $ | 5,500 | ​ | $ | 4,954 | ​ | $ | (53)
March 23, 2023 | ​ | 4747 Bethesda Avenue (6) | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 40,053
September 20, 2023 | ​ | Falkland Chase-South & West and Falkland Chase-North | ​ | Multifamily | ​ | ​ | 95,000 | ​ | ​ | 93,094 | ​ | ​ | 1,208
October 4, 2023 | ​ | 5 M Street Southwest | ​ | Other | ​ | ​ | 29,500 | ​ | ​ | 28,585 | ​ | ​ | 430
November 30, 2023 | ​ | Crystal City Marriott | ​ | Commercial | ​ | ​ | 80,000 | ​ | ​ | 79,563 | ​ | ​ | 37,051
December 5, 2023 | ​ | Capitol Point-North-75 New York Avenue | ​ | Other | ​ | ​ | 11,516 | ​ | ​ | 11,285 | ​ | ​ | (23)
​ | ​ | Other (7) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 669
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 79,335
(1) | In connection with the sale, we repaid the related $99.7 million mortgage loan.
(2) | In connection with the sale, we repaid the related $97.5 million mortgage loan and terminated the related interest rate swap resulting in a $2.2 million gain, which was included in "Gain (loss) on the extinguishment of debt, net" in our consolidated statement of operations for the year ended December 31, 2025.
(3) | Includes a $4.7 million gain related to permanent land easement transactions across various parcels in National Landing and a gain of $1.4 million related to prior year dispositions.
(4) | In connection with the sale, the lender of the related $120.9 million mortgage loan accepted the proceeds from the sale and $6.7 million of cash as repayment of the mortgage loan, resulting in a $9.2 million gain on the extinguishment of debt, which was included in "Gain (loss) on the extinguishment of debt, net" in our consolidated statement of operations for the year ended December 31, 2024.
(5) | Primarily related to the reversal of certain previously recorded contingent liabilities which were relieved in connection with the sale of Central Place Tower by one of our unconsolidated real estate ventures. See Note 5 for additional information.
(6) | We sold an 80.0% interest in the asset for a gross sales price of $196.0 million, representing a gross valuation of $245.0 million. See Note 5 for additional information.
(7) | Related to prior period dispositions.
​ In February 2026, we sold a development parcel in Alexandria, Virginia, for $50.7 million. Assets Held for Sale There were no assets held for sale as of December 31, 2025. The following table summarizes assets held for sale as of December 31, 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Liabilities Related
​ | ​ | ​ | ​ | ​ | ​ | Number of | ​ | Assets Held | ​ | to Assets Held
Assets | ​ ​ ​ | Segment | ​ ​ ​ | Location | ​ ​ ​ | Units | ​ ​ ​ | for Sale | ​ ​ ​ | for Sale
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (In thousands) | ​ | ​ | ​
8001 Woodmont (1) | ​ | Multifamily | ​ | Bethesda, Maryland | ​ | 322 | ​ | $ | 190,465 | ​ | $ | 901
​
(1) | This asset was sold in February 2025.

X
- References No definition available. + Details
Name: | jbgs_AcquisitionsDispositionsAndAssetsHeldForSaleDisclosureAbstract
Namespace Prefix: | jbgs_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent + Details
Name: | us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration