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Bethesda’s JBG Smith consolidates impact investing operations into LEO Impact Capital
Bethesda-based JBG Smith announced the formation of LEO Impact Capital (LEO), its workforce housing investment management platform aimed at acquiring, operating and preserving middle income housing in rapidly growing neighborhoods vulnerable to rising housing costs.
JBG Smith’s existing impact investment activities have been consolidated under LEO, including management of the Washington Housing Initiative Impact Pool (the Impact Pool). The Impact Pool, launched in 2018, is an approximately $115 million investment vehicle that works with nonprofit and for-profit mission driven sponsors to acquire privately owned and unsubsidized housing that’s affordable to everyday working households.
Since making its first investment in 2020, the Impact Pool has helped create and preserve more than 3,000 units across Maryland, Virginia and the District of Columbia, outpacing its goal to deliver 3,000 units by 2025.
AJ Jackson, who most recently served as executive vice president of social impact investing at JBG Smith, was named president of LEO Impact Capital.
