JBG Smith
 |
|
| Public company | |
| Traded as | : JBGS S&P 400 component |
| Industry | Real estate investment trust |
| Predecessor | The JBG Companies Charles Smith Companies Miller, Brown & Gildenhorn |
| Founded | 1957 |
| Headquarters | Chevy Chase, Maryland |
|
Area served
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Washington metropolitan area |
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Key people
|
W. Matthew Kelly, CEO David P. Paul, COO Steven W. Theriot, CFO Steven Roth, Chairman |
| Revenue |
 $0.357 billion (2016) |
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$0.046 billion (2016) |
|
| Total assets |
$3.703 billion (2016) |
| Total equity |
$2.191 billion (2016) |
|
Number of employees
|
1,100 (2016) |
| Website | www |
JBG Smith is a publicly traded real estate investment trust based in Chevy Chase, Maryland.
The company owns 20.9 million square feet of income producing assets and has a development pipeline of 18 million square feet, all of which is in the Washington metropolitan area, mostly inside the Beltway, and 98% of which accessible by the Washington Metro.
The company has a history of developing sustainable buildings and is a member of the U.S. Green Building Council. It helped develop the Leadership in Energy and Environmental Design (LEED) program for the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods.
In 1957, three attorneys — Gerald J. Miller, Donald A. Brown, and Joseph Gildenhorn — formed a law practice in Rockville, Maryland called Miller, Brown & Gildenhorn. By 1960, the firm stopped practicing law and instead began securing private loans from wealthy investors to finance building projects brought to them by real estate developers.
By 1962, the company controlled more than $50 million in real estate. Among the projects it completed in Washington, D.C. were a $4 million office building at 2121 Pennsylvania Avenue NW, the $2.7 million Jefferson Building at 19th Street NW and Jefferson Place NW, an $8.5 million office building at 19th and M Streets NW, and a $12 million large apartment complex at Tunlaw Road NW and Watson Place NW. That year, the company formed its own real estate development arm, MBG Associates. Benjamin A. Jacobs, a 23-year-old law student who expressed deep interest in the law firm's real estate practice, joined the real estate division.
Miller left the company in 1969, and Jacobs was made a partner in the firm. MBG Associates changed its name to JBG Associates to reflect the initials of the new partners and formed two subsidiaries, JBG Properties Inc. and JBG Construction Co.
In the 1970s, the firm hired several people who later became top managers at the company, including Robert H. Braunohler, Michael J. Glosserman, and Lewis Rumford. Managers Brian P. Coulter and Robert A. Stewart joined the company in the 1980s.
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Wikipedia