Real Estate Tax Expert Named Tax Director at The JBG Companies

With high-level experience in real estate mergers, acquisitions, dispositions, finance, lending and accounting, Ms. Wagner will serve as a senior executive and oversee all company tax compliance, tax planning and accounting for income taxes. Since 2014, she has been tax director at Florida's NextEra Energy, where she was responsible for strategic initiatives, tax M&A and federal tax planning and policy.

"Donna's years of experience with corporate and property tax matters in the public markets and in the REIT sector specifically make her an ideal addition to our executive team," said W. Matthew Kelly, Managing Partner of JBG and CEO-designate of JBG SMITH.

Before serving as tax director at NextEra Energy, Ms. Wagner was Senior Vice President of Acquisitions and Tax for Liberty Property Trust, a REIT she jointed in 1996. There she developed Liberty's in-house tax department and implemented financial and tax planning strategies. Prior to that, she spent five years with Ernst & Young as a tax consultant and real estate compliance coordinator. While at EY, she worked on Liberty's initial public offering.

Donna Wagner is a Certified Public Accountant in Pennsylvania and Florida, an emeritus member of the Government Relations Committee of the National Association of Real Estate Investment Trusts, and  a member of the North Palm Beach Planning Board. She holds a Bachelor of Science degree from Villanova University.

JBG SMITH will be a newly created, publicly traded company listed on the New York Stock Exchange under the symbol JBGS, following the spin-off of Vornado's Washington, D.C. business and its merger with certain select assets of The JBG Companies, expected to be completed in the second quarter of 2017.

About JBG SMITH Properties

JBG SMITH Properties will be the largest and best-in-class, pure-play real estate company focused on the Washington, DC market. It will hold directly or indirectly, (i) 72 operating assets aggregating approximately 21.4 million square feet, comprised of 52 office assets aggregating over 14.8 million square feet, 16 multifamily assets aggregating 6,432 units and four other assets aggregating approximately 785,000 square feet; (ii) four wholly owned office and multifamily assets under construction totaling approximately 821,000 square feet; (iii) nine near-term development office and multifamily assets totaling over 2.1 million estimated square feet; and (iv) 47 future development assets totaling approximately 23.5 million square feet of estimated potential development density.

SOURCE JBG SMITH Properties