Developer Investment Preserves Affordable Housing At Haven Columbia Pike

Press Release: LEO Impact Capital and JBG SMITH

Bethesda, Md. (August 14, 2025) – LEO Impact Capital, JBG SMITH’s (NYSE: JBGS) workforce housing investment management platform, announced today that the Impact Pool, an investment vehicle it manages, made a preferred equity investment in Haven Columbia Pike. This investment will preserve the affordability of all 118 apartments at the property, a garden style residential community in Arlington, VA owned by Insight Property Group.

LEO’s investment allows Insight to recapitalize the property, fund significant capital improvements, and dedicate 118 units to workforce housing for families earning 60% or less of Area Median Income (AMI) – roughly $88,500 – in one of the country’s most expensive areas. Haven Columbia Pike features a mix of one-to three-bedroom residences spread across six buildings in a highly desirable submarket of Arlington.

“The Impact Pool’s reach has exceeded our expectations, successfully creating and safeguarding more than 3,100 units of affordable workforce housing for families and workers throughout the Washington area. Scale matters when tackling housing challenges. Our strong partnerships and thoughtful investment approach are unlocking access to opportunity for residents, communities, and investors,” said AJ Jackson, President of LEO Impact Capital.

Jackson added, “Haven Columbia Pike stood out to us based on Insight Property Group’s strong sponsorship and desire to create exceptional housing for renters in a great neighborhood bolstered by retail, parks, transit, and access to major local employers.”

Haven Columbia Pike is a pet-friendly community with 99 off-street parking spaces, bike storage, beautifully landscaped grounds, and individual storage units. Located at 805 South Florida Street in Arlington, VA, the property boasts superb access to local amenities including Tyrol Hill Park and Arlington Mill Community Center. It offers unmatched connectivity to major regional thoroughfares including I-395, I-95, George Washington Memorial Parkway, and Route 50. The property is a 10-minute drive from Ballston and a 15-minute drive to National Landing and the Pentagon.

This acquisition adds to the Impact Pool’s growing portfolio of quality workforce housing. Launched in 2019, the Impact Pool was created by JBG SMITH and the Federal City Council. The Impact Pool is an approximately $115 million investment vehicle that works with non-profit and for-profit mission driven sponsors to acquire privately owned and unsubsidized housing that’s affordable to everyday working households, lock in affordability, invest in the buildings, and operate them using strategies designed to stabilize residents rather than push rents. Since making its first investment in 2020, the Impact Pool has helped create and preserve more than 3,100 units across DC, Maryland, and Virginia, outpacing its goal to invest in 3,000 units by 2025.

About LEO Impact Capital

LEO Impact Capital unlocks access to opportunity by acquiring, operating, and investing in multifamily housing in high impact neighborhoods to preserve affordability for middle-income residents – such as teachers, healthcare workers, first-responders, administrative professionals and other workers whose services are vital to thriving communities. Leveraging our double-bottom line approach and the resources of JBG SMITH, our NYSE-listed parent company, we deliver long-term value for investors and measurable impact for residents.

For more information on LEO Impact Capital please visit www.LEOIC.com.

About JBG SMITH

JBG SMITH owns, operates and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets in and around Washington, DC, most notably National Landing, that we believe have long-term growth potential and appeal to residential, office and retail tenants. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, highly amenitized, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's headquarters; Virginia Tech's $1 billion Innovation Campus; proximity to the Pentagon; and our placemaking initiatives and public infrastructure improvements. JBG SMITH's dynamic portfolio currently comprises 12.0 million square feet at share of multifamily, office and retail assets, 98% of which are Metro-served. It also maintains a development pipeline encompassing 8.7 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.