JBG Raises $435.4M for Fund VII Series - CBL

By Citybizlist Staff

CHEVY CHASE, Md. -- JBG Cos., a Chevy Chase, Md.-area investor, owner and developer in the real estate market, has raised $435.38 million for its seventh fund series, according to five separate Reg D filings with the U.S. Securities and Exchange Commission.

The funds and their raises:

• JBG Investment Fund VII -- $336.4 million

• JBG/Fund VII Family LLC -- $6.2 million

• JBG/Fund VII Investor LLC -- $3.38 million

• JBG/Fund VII Qualified Investor LLC -- $59.4 million

• JBG/Fund VII Manager LLC -- $30 million

Their mixed offerings include limited-liability company interests in the form of membership interests; $573.6 million remains to be sold.

JBG Investment Fund VII will pay its managing member, JBG/Fund VII Manager LLC, a management fee of 1.5 percent per year of the fund's capital commitments. The accrued fee is $4.5 million.

Principals named in the filings are: Michael Glosserman, Robert Stewart, Brian Coulter, Kenneth Finkelstein, James Iker, W. Matt Kelly, Dean Cinkala, Benjamin Jacobs and Porter Dawson.

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