JBG SMITH Properties

JBG SMITH Properties owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing. Through a focus on placemaking, the company cultivates vibrant, highly amenitized, walkable neighborhoods. Its portfolio comprises 12.0 million square feet at share of multifamily, office, and retail assets, along with a 3.3 million square-foot development pipeline. JBG SMITH Properties was established in 2016 and incorporated in Maryland.

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JBG SMITH extends $690M credit facility to 2030

JBG SMITH Properties announced Thursday that its operating partnership amended and extended its $690 million revolving credit facility, pushing the maturity to August 27, 2030, with two six-month extension options. The company also increased its Tranche A-2 Term Loan to $415 million and extended the maturity of $243.9 million of that loan to August 2028, with three one-year extension options. The revolving facility's interest rate remains SOFR plus 1.50%, while the credit spread adjustment was removed.

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