REITs Set to Gain from Amazon HQ2 Decision

REITs active in the office, multifamily, and retail sectors, including JBG SMITH (NYSE: JBGS), are expected to be among the main beneficiaries of Amazon’s decision to locate two new headquarters in Northern Virginia and Long Island City, New York.

Amazon said Nov. 13 that it will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations. It has also selected Nashville for a new Center of Excellence for its operations business.