Ventas (NYSE: VTR) has appointed two people to the company’s board of directors in connection with a new cooperation agreement with activist investor Land & Buildings. On Monday, the Chicago-based real estate investment trust (REIT) named Theodore Bigman and Joe V. Rodriguez, Jr. as new directors on its board. Bigman is slated to sit on […]
Land & Buildings
Ventas (NYSE:VTR) has a “several hundred million dollar” net operating income opportunity right in front of it — provided the company can reach its pre-pandemic census and NOI levels. Overall, the Chicago-based real estate investment trust (REIT) is targeting an 88% occupancy rate and 30% margin in the coming years, Ventas Chairman and CEO Debra […]
Investment firm Land & Buildings has once again expressed displeasure over the performance of Ventas (NYSE: VTR) and its senior living portfolio. In an open letter to Ventas shareholders, Land & Buildings Founder Jonathon Litt highlighted his grievances against the management of Ventas, including how it has “failed to outperform the Healthcare REIT Index,” its […]
Activist shareholder Land & Buildings is still not pleased with Ventas (NYSE: VTR) more than a year after first taking aim at the company’s leaders over claims of mismanagement and underperformance. In an open letter to the Ventas board, Land & Buildings Founder Jonathan Litt said the company plans to vote against Board Chair and […]
Activist shareholder Land & Buildings has picked another battle with a major senior living company, with the news breaking this week of a proxy fight with Ventas (NYSE: VTR). This latest battle comes after Land & Buildings in 2019 was at loggerheads with Brookdale (NYSE: BKD), unsuccessfully pushing a board nominee and a real estate […]
Activist shareholder Land & Buildings has nominated founder and chief investment officer Jonathan Litt to Ventas’ (NYSE: VTR) board of directors. The company announced it had nominated two candidates, founder and CIO Jonathan Litt and Michelle Applebaum, to stand for election to join the board at Ventas’ 2022 annual meeting. The Stamford, Connecticut-based real estate […]
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 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 […]
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 […]
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 […]
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