JBG Announces Key Additions to JBG SMITH Team

CHEVY CHASE, Md., Feb. 1, 2017

Angela Valdes, who brings over 25 years of experience including 15 years in public accounting and the REIT sector, has been appointed Chief Accounting Officer.  Ms. Valdes was most recently Vice President and Chief Accounting Officer at Equity One, Inc. (NYSE: EQY), a real estate investment trust focused on shopping centers and retail properties. 

Jaime Marcus, an accomplished finance professional with 12 years of experience in investor relations and capital markets, has been appointed Vice President of Investor Relations.  Ms. Marcus was most recently Director, Investor Relations at First Potomac Realty Trust (NYSE: FPO), a real estate investment trust focused on office and business park properties in the Washington, DC area.

"We are very excited about these important additions to our team as we work with Vornado/Charles E. Smith to build a world-class finance organization for JBG SMITH," said W. Matthew Kelly, Managing Partner of JBG and CEO designate of JBG SMITH. "Angela and Jaime are exceptional executives with extensive experience in the REIT sector, including in areas where JBG SMITH will operate.  We look forward to their contributions to the critical functions they will lead and to continuing to build the JBG SMITH team."

Prior to joining Equity One in 2010, Ms. Valdes served as Vice President - Chief Accounting Officer for TOUSA, Inc. and spent more than eleven years at Ernst & Young LLP in the assurance practice specializing in real estate.  Ms. Valdes is a Certified Public Accountant and received her Bachelor of Science from the University of Miami where she graduated cum laude.

Prior to joining First Potomac in 2011, Ms. Marcus was Manager – Investor Relations at Mooring Financial Corporation.  She also served as a Vice President at Meridian Investments and in the Global Wealth Management division of Morgan Stanley.  She received a Bachelor of Arts degree in History and Business Administration from George Washington University.

Following the expected combination of The JBG Companies and Vornado/Charles E. Smith, the new JBG SMITH Properties will be the largest and best-in-class, publicly traded, 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.