One Way to Bet on the Location of Amazon’s HQ2
- Fund prepares to increase its stake in JBG Smith REIT
- Jump in the shares predicted if Amazon picks Crystal City
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There are 20 cities shortlisted by Amazon.com Inc. for its second North American headquarters -- and at least one real estate fund is trying to score a payday in the stock market if the e-commerce giant chooses the Washington, D.C., area.
Third Avenue Real Estate Value Fund, which manages a little less than $2 billion, owns $10 million of shares in JBG Smith Properties, a real estate investment trust based in Arlington, Virginia. The REIT was spun off from Vornado Realty Trust last summer.