Amazon’s new landlord needed to raise money to make money


JBG Smith Properties (NYSE: JBGS) stands to make a substantial amount of money helping Amazon.com Inc. build out its second headquarters in Arlington County, Virginia, but as it disclosed with its first quarter earnings report Tuesday, it takes money to make money. A lot of it.

The Chevy Chase developer plans to raise $400 million through property sales and recapitalizations this year, but JBG Smith CEO Matt Kelly said in the company's quarterly letter to shareholders that those funds wouldn't be…

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