---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-007718"
form_type: "8-K"
ticker: "JBGS"
cik: "0001689796"
company_name: "JBG SMITH Properties"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:29:11.666400+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# JBG SMITH outlines transformation to majority multifamily, $101M NOI growth by 2026

## Summary
- Sold Universal Buildings (Washington DC) for $228M on April 1, 2022.
- Formed JV with Fortress for 1.6M SF office/land valued at $580M; Fortress contributed $131M for 66.5% stake.
- Pen Place sale to Amazon for $198M expected to close Q2 2022.
- Targeting $101M incremental annualized NOI by 2026 (7.6% CAGR); $15M expected from multifamily by 2022.
- Aiming for 50%+ multifamily portfolio; 70%+ of portfolio concentrated in National Landing.

## SEC filing metadata
- accession: 0001558370-22-007718
- form_type: 8-K
- ticker: JBGS
- cik: 0001689796
- company_name: JBG SMITH Properties
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1689796/000155837022007718/0001558370-22-007718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1689796/000155837022007718/jbgs-20220509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-007718
- JSON: https://secwatch.observer/filing/0001558370-22-007718.json
- Plain text: https://secwatch.observer/filing/0001558370-22-007718.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.