Activist Brookdale Investor Withdraws Flaherty Board Nomination

The ongoing proxy battle between Brookdale Senior Living (NYSE: BKD) and activist shareholder Land & Buildings is on hold — at least for now. Land & Buildings Investment Management on Tuesday withdrew its nomination to add Jay Flaherty, a former CEO of real estate investment trust HCP (NYSE: HCP), to Brookdale’s board of directors. The […]

Activist Shareholder Keeps Pressing for Brookdale OpCo/PropCo Split

Activist shareholder Land & Buildings is again making its case that Brookdale Senior Living (NYSE: BKD) should split into an operating company and a real estate investment trust (REIT) — an arrangement commonly referred to as an “OpCo/PropCo.” Land & Buildings on Tuesday shared its latest open letter to Brookdale shareholders, decrying the senior living […]

Brookdale Activist Shareholder Pushes Proposed OpCo/PropCo Split

One of Brookdale Senior Living’s (NYSE: BKD) most vocal investors has weighed in on its previously reported proposal to split the company into a real estate investment trust (REIT) and an operator. Stamford, Connecticut-based investment management firm Land & Buildings on Monday released an open letter to Brookdale’s shareholders detailing a recent meeting with members of […]

Land & Buildings Accuses Brookdale of Doing ‘Bare Minimum to Appease Shareholders’

Activist shareholder Land & Buildings has once again blasted Brookdale Senior Living (NYSE: BKD), saying in a public letter that the company is doing “the bare minimum to appease shareholders.” Land & Buildings is incensed that Brentwood, Tennessee-based Brookdale — the nation’s largest senior living provider — has not taken steps to monetize more of […]

Activist Shareholder Calls for Brookdale to Consider Selling its Real Estate

Stamford, Connecticut-based Land & Buildings Investment Management LLC seems to have changed its tune with respect to Brookdale Senior Living’s (NYSE: BKD) turnaround potential. Specifically, Land & Buildings is optimistic about recent leadership changes that have taken place at Brookdale, though the activist investor still believes the nation’s largest senior housing provider should consider selling its […]

Ventas Restructures Brookdale Leases, Asset Sales Could Follow

Ventas, Inc. (NYSE: VTR) has officially renegotiated its leases with the nation’s largest senior housing provider, which recently turned to new leadership and is focused on a turnaround. The deal could also facilitate additional asset sales. Specifically, the Chicago-based real estate investment trust (REIT) on Friday announced it has entered into definitive agreements with Brookdale Senior […]

Brookdale Pressed by Activist Shareholder to Boost Transparency

Stamford, Connecticut-based Land & Buildings Investment Management LLC is once again pressuring the nation’s largest senior housing provider to act—this time, it says, in the interest of increased transparency. Specifically, the activist shareholder on Monday urged Brookdale Senior Living (NYSE: BKD) to provide more visibility into its ongoing strategic review process, especially “given the duration of […]

Brookdale Strikes Deal with Activist Shareholder

The nation’s largest senior living provider has struck a deal with an activist shareholder that’s given the company’s management team a bit of trouble over the last several months. Brookdale Senior Living (NYSE: BKD) on Wednesday announced that it had reached an agreement with Stamford, Connecticut-based Land & Buildings Investment Management LLC and appointed Marcus E. […]

NorthStar Shareholder Fuels Fire Against REIT Merger

Another activist shareholder has come out strongly against the planned merger between Colony Capital Inc. (NYSE: CLNY), NorthStar Realty Finance Corp. (NYSE: NRF) and NorthStar Realty’s current external manager NorthStar Asset Management Group Inc. (NYSE: NSAM), citing concerns about the combined company’s governance and value to shareholders. Real estate investment trust (REIT) NorthStar Realty Finance, a […]