---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-009741"
form_type: "8-K"
ticker: "JBGS"
cik: "0001689796"
company_name: "JBG SMITH Properties"
filed_at: "2022-06-06T23:59:59+00:00"
generated_at: "2026-06-25T04:24:08.617196+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# JBG SMITH updates on $990M capital recycling, Fortress venture, $425M NOI target by 2026

## Summary
- Sold Universal Buildings for $228M; formed venture with Fortress (66.5% interest) on four assets valued at $580M.
- Closed $198M sale of Pen Place to Amazon in Q2 2022; $990M total capital recycling closed in 2022.
- Plans to market $255M+ additional non-core assets in 2022; target 70%+ portfolio in National Landing.
- Projects $425M annualized NOI by YE 2026 (7.6% CAGR), driven by multifamily lease-up and office occupancy growth.
- Transition to majority multifamily; 1,583 units under construction, potential 2,150+ units in next 3 years.

## SEC filing metadata
- accession: 0001558370-22-009741
- form_type: 8-K
- ticker: JBGS
- cik: 0001689796
- company_name: JBG SMITH Properties
- filed_at: 2022-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1689796/000155837022009741/0001558370-22-009741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1689796/000155837022009741/jbgs-20220606x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-009741
- JSON: https://secwatch.observer/filing/0001558370-22-009741.json
- Plain text: https://secwatch.observer/filing/0001558370-22-009741.txt

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