The JBG Companies Named NAIOP 2012 Developer of the Year

CHEVY CHASE, Md., July 11, 2012 /PRNewswire-USNewswire/ -- NAIOP, the Commercial Real Estate Development Association, today announced that The JBG Companies has been selected as the national 2012 Developer of the Year.

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The JBG Companies is a premier Chevy Chase, Md.-based investor, owner and developer, that invests almost exclusively in urban-infill, transit-oriented developments – assets that, by virtue of location, physical quality, available amenities or other specific features, possess a sustainable advantage over its competition.

"JBG's position as an industry leader is evidenced by its ability to develop and manage many product types, from residential to retail to hotels and large government buildings," said Thomas J. Bisacquino, NAIOP president and CEO. "NAIOP is proud to recognize JBG for its outstanding projects and its ability to maintain its core business, while incorporating other strategies, such as sustainability, into its developments."

JBG has developed, owned or managed over 30 million square feet of office space, 15,000 multi-family residential units, 5.5 million square feet of retail space and 15 hotel properties totaling over 4,500 rooms. JBG is currently responsible for development/redevelopment opportunities of approximately 8.5 million square feet of office space, 13,200 multi-family residential units, 2.2 million square feet of retail space, and 2,500 hotel rooms throughout the Washington Metropolitan area.

JBG's investment management success is tied to its consistent efforts to analyze and understand shifting conditions and trends in the marketplace. Being able to quickly recognize and adapt to changes has been vital to achieving above-market returns for investors.

Rather than specializing in one area of real estate development, The JBG Companies has accumulated years of success in developing all product types: office, residential, retail, hotel and mixed-use. Each of these product types has its own division at JBG, led by an expert in that particular discipline. This wider range of expertise is critical to JBG's success in executing complex mixed-use developments.

NAIOP will present the Developer of the Year award on Wednesday, October 24, at NAIOP's Development 12: The Annual Meeting for Commercial Real Estate in Washington, D.C. Since 1979, the Developer of the Year award has been presented to a member-developer company that best exemplifies leadership and innovation. Past winners of the award include CenterPoint Properties; Alter Group; Highwoods Properties; Liberty Property Trust; Ryan Companies; Bentall Capital; ProLogis; Colonial Properties Trust and Lowe Enterprises.

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP provides unparalleled industry networking and education, and advocates for effective legislation on behalf of our members. NAIOP advances responsible, sustainable development that creates jobs and benefits the communities in which our members work and live.

SOURCE NAIOP