The following segment was excerpted from this fund letter.
JBG Smith Properties ([[JBGS]]) is a US-based REIT that is the largest corporate owner of commercial real estate in the Washington, D.C., metropolitan area with more than 17 million square feet of office, multi-family, and retail properties. In addition, the company controls land with various forms of entitlements that could accommodate another 20 million square feet of future development.
The Fund first received JBG Common Stock when the company was spun out of Vornado Realty Trust (another holding in the Fund) as a standalone company