Investment capital that works for everyone
What your investment will do
To finance the acquisition of mixed-income multifamily properties, the Impact Pool intends to invest primarily in tax-exempt junior mortgages and mezzanine loans. Each loan is expected to provide up to 30% of total project costs. Most loans will have a term of up to 10 years and be interest-only until maturity.
At least half of the Impact Pool is expected to be invested in Washington, DC.
Mitigating risk
Impact Pool investments deliver significant risk mitigation thanks to several advantages, including:
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Discounted first mortgage financing
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Potential exemption from property and sales taxes
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Reduced vacancy, credit loss, and lease-up risks due to lower rents
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Growing asset value over time relative to income due to below market rents in high-impact locations
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The Washington Housing Conservancy guarantees all loans to support its projects
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First mortgage amortization covers Impact Pool principal
A respected manager
Impact Pool investment management, reporting, accounting, and administrative support is provided by JBG SMITH Impact Manager, a subsidiary of JBG SMITH Properties. No promote or management fees will be paid to the Manager in connection with the Impact Pool. The Manager will be reimbursed for its expenses, with annual expenses capped at 2% of committed capital.