JBG SMITH Announces Sale of 1600 K Street for $43 Million


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JBG SMITH ((

Matt Kelly, Chief Executive Officer of JBG SMITH stated, " we="" continue="" to="" make="" progress="" on="" our="" capital="" recycling="" strategy="" with="" the="" sale="" of="" k="" street.="" this="" represents="" another="" successful="" outcome="" in="" efforts="" capitalize="" attractive="" market="" pricing="" at="" or="" above="" nav="" and="" allocate="" higher="" growth="" opportunities="" across="" portfolio."<="" p="">

Matt Kelly, Chief Executive Officer of JBG SMITH stated, " we="" continue="" to="" make="" progress="" on="" our="" capital="" recycling="" strategy="" with="" the="" sale="" of="" k="" street.="" this="" represents="" another="" successful="" outcome="" in="" efforts="" capitalize="" attractive="" market="" pricing="" at="" or="" above="" nav="" and="" allocate="" higher="" growth="" opportunities="" across="" portfolio."<="" p="">Drew Flood, Bill Collins, and Kevin Sidney represented JBG SMITH in the sale of 1600 K Street.

Matt Kelly, Chief Executive Officer of JBG SMITH stated, " we="" continue="" to="" make="" progress="" on="" our="" capital="" recycling="" strategy="" with="" the="" sale="" of="" k="" street.="" this="" represents="" another="" successful="" outcome="" in="" efforts="" capitalize="" attractive="" market="" pricing="" at="" or="" above="" nav="" and="" allocate="" higher="" growth="" opportunities="" across="" portfolio."<="" p="">About JBG SMITH

Matt Kelly, Chief Executive Officer of JBG SMITH stated, " we="" continue="" to="" make="" progress="" on="" our="" capital="" recycling="" strategy="" with="" the="" sale="" of="" k="" street.="" this="" represents="" another="" successful="" outcome="" in="" efforts="" capitalize="" attractive="" market="" pricing="" at="" or="" above="" nav="" and="" allocate="" higher="" growth="" opportunities="" across="" portfolio."<="" p="">JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-quality mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it now serves as the exclusive developer for Amazon's new headquarters. JBG SMITH's portfolio currently comprises 20.6 million square feet of high-quality office, multifamily and retail assets, 98% at our share of which are Metro-served. It also maintains a robust future pipeline encompassing 18.7 million square feet of mixed-use development opportunities. For more information on JBG SMITH please visit www.jbgsmith.com.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Press Releases