Net absorption increased 38% last year while the vacancy rate fell to the lowest level since 2016.

The firm has agreed to purchase the 400-room, Crowne Plaza Orlando Universal Boulevard, which was auctioned by Universal Towers Construction Inc.

JBG Smith has commenced construction on the mixed-use towers, which will comprise 808 multifamily units and 40,000 SF of street-level retail.

Atlanta, Austin, Charlotte, Dallas, Denver, Miami, Nashville and Raleigh are all positioned for further growth.