JBG SMITH Forms JV to Recapitalize $580M Office Portfolio

February 23, 2022

Commercial Property Executive, Feb. 17, 2022–Gail Kalinoski
As it continues to focus more on multifamily and the National Landing submarket in northern Virginia, owner-developer JBG SMITH has agreed to form a joint venture with affiliates of Fortress Investment Group to recapitalize a 1.6 million-square-foot portfolio of seven office buildings in the Washington, D.C., metro valued at $580 million.
https://www.commercialsearch.com/news/jbg-smith-forms-jv-to-recapitalize-580m-office-portfolio/