Filing Details
- Accession Number:
- 0000904454-20-000460
- Form Type:
- 13G Filing
- Publication Date:
- 2020-07-09 12:29:36
- Filed By:
- Apg Asset Management Us Inc.
- Company:
- Jbg Smith Properties (NYSE:JBGS)
- Filing Date:
- 2020-07-09
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
(VOLUNTARY) (ENTITIES ONLY) APG Asset Management US Inc | 0 | 6,807,058 | 0 | 6,807,058 | 6,807,058 | 5.1% |
(VOLUNTARY) (ENTITIES ONLY) APG Asset Management, N.V | 0 | 6,807,058 | 0 | 6,807,058 | 6,807,058 | 5.1% |
(VOLUNTARY) (ENTITIES ONLY) APG Groep, N.V | 0 | 6,807,058 | 0 | 6,807,058 | 6,807,058 | 5.1% |
(VOLUNTARY) (ENTITIES ONLY) Stichting Pensioenfonds ABP | 0 | 6,807,058 | 0 | 6,807,058 | 6,807,058 | 5.1% |
Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
SCHEDULE 13G |
Under the Securities Exchange Act of 1934 (Amendment No. ___) |
JBG Smith Properties |
(Name of Issuer) |
Common Stock, $.01 par value |
(Title of Class of Securities) |
46590V100 |
(CUSIP Number) |
July 7, 2020 |
(Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
_______________________
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 46590V100
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (VOLUNTARY) (ENTITIES ONLY): | ||
APG Asset Management US Inc. | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) [ ] (b) [X] | |
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, United States of America | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | 0 |
6 | SHARED VOTING POWER | 6,807,058 | |
7 | SOLE DISPOSITIVE POWER | 0 | |
8 | SHARED DISPOSITIVE POWER | 6,807,058 | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 6,807,058 | |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [ ] | |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.1%* | |
12 | TYPE OF REPORTING PERSON | CO |
* Based on 133,599,534 shares of Common Stock outstanding as of April 30, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2020 filed with the Securities and Exchange Commission on May 5, 2020.
CUSIP No. 46590V100
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (VOLUNTARY) (ENTITIES ONLY): | |||
APG Asset Management, N.V. | ||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [ ] (b) [X] | ||
3 | SEC USE ONLY | |||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Kingdom of the Netherlands | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | 0 | |
6 | SHARED VOTING POWER | 6,807,058 | ||
7 | SOLE DISPOSITIVE POWER | 0 | ||
8 | SHARED DISPOSITIVE POWER | 6,807,058 | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 6,807,058 | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [ ] | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.1%* | ||
12 | TYPE OF REPORTING PERSON | CO |
* Based on 133,599,534 shares of Common Stock outstanding as of April 30, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2020 filed with the Securities and Exchange Commission on May 5, 2020.
CUSIP No. 46590V100
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (VOLUNTARY) (ENTITIES ONLY): | |||
APG Groep, N.V. | ||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [ ] (b) [X] | ||
3 | SEC USE ONLY | |||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Kingdom of the Netherlands | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | 0 | |
6 | SHARED VOTING POWER | 6,807,058 | ||
7 | SOLE DISPOSITIVE POWER | 0 | ||
8 | SHARED DISPOSITIVE POWER | 6,807,058 | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 6,807,058 | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [ ] | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.1%* | ||
12 | TYPE OF REPORTING PERSON | CO |
* Based on 133,599,534 shares of Common Stock outstanding as of April 30, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2020 filed with the Securities and Exchange Commission on May 5, 2020.
CUSIP No. 46590V100
1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (VOLUNTARY) (ENTITIES ONLY): | ||
Stichting Pensioenfonds ABP | |||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [ ] (b) [X] | |
3 | SEC USE ONLY | ||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Kingdom of the Netherlands | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | 0 |
6 | SHARED VOTING POWER | 6,807,058 | |
7 | SOLE DISPOSITIVE POWER | 0 | |
8 | SHARED DISPOSITIVE POWER | 6,807,058 | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | 6,807,058 | |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [ ] | |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 | 5.1%* | |
12 | TYPE OF REPORTING PERSON | EP |
* Based on 133,599,534 shares of Common Stock outstanding as of April 30, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended March 31, 2020 filed with the Securities and Exchange Commission on May 5, 2020.
CUSIP No. 46590V100
SCHEDULE 13G
ITEM 1(a) - | NAME OF ISSUER: JBG Smith Properties |
ITEM 1(b) - | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES: 4747 Bethesda Avenue, Suite 200 Bethesda, MD 20814 |
ITEM 2(a) - | NAME OF PERSON FILING: (1) APG Asset Management US Inc. (2) APG Asset Management, N.V. (3) APG Groep, N.V. (4) Stichting Pensioenfonds ABP |
The Joint Filing Agreement among the Reporting Persons is filed herewith as Exhibit 1. | |
ITEM 2(b) - | ADDRESS OF PRINCIPAL BUSINESS OFFICE: |
(1) 666 3rd Ave., 2nd Floor, New York, NY 10017 (2) Gustav Mahlerplein 3, 1082 MS Amsterdam (3) Oude Lindestraat 70, Postbus 6401, Heerlen, Netherlands (4) PO Box 4806, 6401 JL Heerlen, Netherlands | |
ITEM 2(c) - | CITIZENSHIP: (1) Delaware, United States of America (a Delaware corporation) (2) Kingdom of the Netherlands (a Dutch corporation) (3) Kingdom of the Netherlands (a Dutch corporation) (4) Kingdom of the Netherlands (a Dutch pension plan) |
ITEM 2(d) - | TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value |
ITEM 2(e) - | CUSIP NUMBER: 46590V100 |
ITEM 4 - | OWNERSHIP: The information requested in this item is incorporated herein by reference to the cover pages to this Schedule 13G. |
APG Asset Management, N.V. ("APG NL") is wholly-owned by APG Groep, N.V. (“APG Groep”) and is the investment manager with respect to the securities to which this statement relates. Pursuant to an Investment
Management Agreement, APG NL has delegated its investment and voting power with respect to such securities to APG Asset Management US, Inc. (“APG US”), which is its wholly-owned subsidiary. Stichting Pensioenfonds ABP is the majority owner
of APG Groep. By virtue of the relationships described above, each of the Reporting Persons may be deemed to share beneficial ownership of the securities to which this statement relates and may be deemed to be a member of a “group” (within
the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended). However, each Reporting Person disclaims membership in any such group, and further, each Reporting Person disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest therein. |
CUSIP No. 46590V100
ITEM 5 - | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: |
Not applicable. | |
ITEM 6 - | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: |
Not applicable. | |
ITEM 7 - | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT COMPANY: |
Not applicable. |
ITEM 8 - | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: |
Not applicable. | |
ITEM 9 - | NOTICE OF DISSOLUTION OF GROUP: |
Not applicable. | |
ITEM 10 - | CERTIFICATION: |
By signing below the undersigned certify that, to the best of the undersigned’s knowledge and belief, the securities referred to herein were not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the Issuer and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. |
CUSIP No. 46590V100
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Date: July 9, 2020
APG ASSET MANAGEMENT US, INC. By: /s/ Evan Gordon Name: Evan Gordon Title: Chief Compliance Officer APG ASSET MANAGEMENT, N.V. By: /s/ Evan Gordon Name: Evan Gordon Title: Chief Compliance Officer APG GROEP, N.V. By: /s/ Evan Gordon Name: Evan Gordon Title: Chief Compliance Officer STICHTING PENSIOENFONDS ABP By: /s/ Evan Gordon Name: Evan Gordon Title: Chief Compliance Officer |
CUSIP No. 46590V100
EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G to which this Agreement is annexed as Exhibit 1, and any amendments thereto, is and will be filed on behalf of each of
them in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Date: July 9, 2020
APG ASSET MANAGEMENT US, INC. By: /s/ Evan Gordon Name: Evan Gordon Title: Chief Compliance Officer APG ASSET MANAGEMENT, N.V. By: /s/ Evan Gordon Name: Evan Gordon Title: Chief Compliance Officer APG GROEP, N.V. By: /s/ Evan Gordon Name: Evan Gordon Title: Chief Compliance Officer STICHTING PENSIOENFONDS ABP By: /s/ Evan Gordon Name: Evan Gordon Title: Chief Compliance Officer |
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