JBG Smith Completes Restoration Of Prestigious Wardman Tower Project Designed By Deborah Berke Partners

11/8/17

Landmark Building Remodel Features 32 Radiant Residences, Fitness Center, Clubrooms, and Luxury Concierge Services

After a meticulous two-year revitalization, JBG Smith (NYSE: JBGS) and North America Sekisui House LLC (NASH) announced today the completed restoration of the iconic Wardman Tower. The renovation reveals 32 rare two- to four-bedroom homes ranging from 2,200-4,600 square feet, 12 of which have been sold or are under contract. Designed by New York architecture firm Deborah Berke Partners, the renovated space pays tribute to the opulence of mid-century Paris while adding an open and contemporary feel. Prices range from $2.5 - $9 million.

Once home to Dwight D. Eisenhower, Lyndon B. Johnson, Herbert Hoover, and Marlene Dietrich, the nine-story, historic building resting at the corner of Connecticut Avenue and Woodley Road, NW was built in 1928 by famed developer Harry Wardman. He partnered with Mihran Mesrobian to design the building, an architect also known for designing the Hay Adams Hotel and the St. Regis Hotel in Washington D.C. Recognized for its distinctive architectural style, the Wardman Tower, a Georgian Revival building, was added to the National Register of Historic Places in 1984.

Working to maintain the Wardman Tower’s original aesthetic, restoration experts reintroduced the original window configurations, balconies and doors. Thousands of square feet of the façade were reappointed with brick, cast iron, stone and metal to match the grandeur of Harry Wardman’s original vision. The updated residence features rooftop terraces with 360 degrees of monument viewing, a 2,000-square-foot state-of-the-art fitness center and yoga studio, two clubrooms, a private outdoor garden, and a two-level belowground garage. Each residence incorporates luxurious finishes including wide oak panel flooring, windows pre-wired for automated shades, and heated, mosaic-tile bathroom floors.

To complement the exquisite renovation, Wardman Tower offers an array of services through its concierge staff and assist residents with daily living needs and requests, including the purchase of hard-to-get theater tickets, dry clean pick-up, restaurant reservations or providing pet services.

Three designer model units are available for viewing including interior spaces designed by Darryl Carter, Jeff Akseizer and Deborah Berke, who incorporate their own personal signature design aesthetic within each residence.

Consultations are scheduled by appointment via email: info@wardmantower.com or by phone: 202-751-2900. For more information on the Wardman Tower, please visit:www.wardmantower.com.

About JBG Smith

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, DC. Our mixed-use operating portfolio comprises approximately 20 million square feet of high-quality office, multifamily and retail assets, 98% of which are Metro-served. With a focus on placemaking, we drive synergies across the portfolio and create amenity-rich, walkable neighborhoods. JBG SMITH's future development pipeline includes over 18 million square feet of potential development density. For additional information on JBG SMITH please visitwww.jbgsmith.com.

About NASH

NASH was established in 2010 as the U.S. business operations unit and a full subsidiary of SEKISUI HOUSE, LTD., Japan’s largest homebuilder and a leading diversified developer since 1960. SEKISUI HOUSE, LTD. has built more than two million houses to date and has international operations in Australia, China, Singapore, and the United States. NASH establishes joint ventures to build innovative and sustainability-conscious communities across the US. NASH is headquartered in Arlington, Virginia. The Wardman Tower development joint venture is one of NASH’s consolidated subsidiaries in the US. SEKISUI HOUSE is headquartered in Osaka, Japan. More information is available atwww.nashcommunities.com.

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